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Established in 2017, Japan. No. of pairs - 360. Fiat - no. Centralized exchange. KYC & Restrictions - yes.

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Binance's CZ hints at Binance Australia as expansion spree continues

Malta-based cryptocurrency exchange Binance is at the head of an array of developments in its ecosystem. Despite several upgrades to the platform itself, however, the Changpeng Zhao-led exchange is keThe post Binance's CZ hints at Binance Australia as expansion spree continues appeared first on AMBCrypto.
AMBCrypto

Bitcoin Gold Rush, ShapeShift FOX, Binance In India, CFTC + Libra & Ripple + Oxford

My Second Channel: https://www.youtube.com/channel/UCvXjP6h0_4CSBPVgHqfO-UA ---------------------------------------------------------------------------- Support Me On Patreon! https://www.patreon.com/TheModernInvestor ---------------------------------------------------------------------------- Protect And Store Your Crypto With A Ledger Nano: https://www.ledger.com?r=8af3ed38d3b7 ----------------------------------------------------------------------------- Want To Send Me A Tip? Bitcoin Donations Address: 1BYhrLpntMYW97sd8K6fquTcr5MYwPAe2y Ripple (XRP) Donation Address: rsoKR5VHJx84oMTYbS7tWg7g5aFebYirVi Ethereum / KIN / OmiseGo Donation Address: 0x0e5f5CEFaA9A0713AB6D8F79E6679E22d86C21f6 ----------------------------------------------------------------------------- Open An Account With Binance! https://www.binance.com/?ref=22170588 ------------------------------------------------------------------------------ Buy Bitcoin And Ethereum With Fiat On Binance! https://www.binance.je/?ref=35009618 -------------------------------------------------------------------------------- Follow Me On Facebook ! https://www.facebook.com/TheModernInvestor https://www.youtube.com/channel/UC-5HLi3buMzdxjdTdic3Aig Follow Me On Twitter: https://twitter.com/ModernInvest ---------------------------------------------------------------------------------- Very Special Thanks To My Patreon Supporters: Professor Wally From Gunbot University Liam O'Cashidey Cory Stevens RTC 2021 Forex Lens Inc Auspicious Agile & Blockchain Yet Another Nick Bitsource AML Solutions Chris Charles Roman Geber David Chosrova Stuart Niven Larry Gooch Tyler Winklevoss NBKrypto Steven Harper Ulf Fatman Josefsson Mohammad Tabbaa Brian Vaci Jeffrey Pete Mozar Cryptocurrency Logic Jonathan Robert Kraus Josh Gorcyca K9 Ytrup Crypto Jedi Truls Lee 3000 O. Tom Chhuong Kaneko Tomonori Sir Thomas11_11 Mike McCarty Crypto And Beer Shipmate ZEN Lunacy VV Nicola Kenny Mr. Smith Joey The Happy Farmer Damien Walker ---------------------------------------------------------------------------------- Photo Credit To: https://blog.providentmetals.com/wp-content/uploads/2017/03/shutterstock_537448696.jpg
The Modern Investor

Binance Acquires Indian Crypto Exchange WazirX and Is Preparing a New C2C Fiat Service

Coinspeaker Binance Acquires Indian Crypto Exchange WazirX and Is Preparing a New C2C Fiat ServiceThe state of the cryptocurrency industry within India has been in a complicated one for the last few years.  However, it seems that Binance is not among those who do not believe in the future of crypto in the country. It has been recently revealed that Binance purchased WazirX, a Mumbai-based crypto exchange in a deal that is believed to be worth between $5 million and $10 million.Nevertheless, it’s worth mentioning that in the past, the Indian government has implemented laws that were not very pro-crypto and have made it hard for many crypto-related organizations to receive banking services and conduct their operations. This has led to several crypto firms either closing shop in India altogether on moving their operations overseas in order to stay afloat. With the rumors of a full-on crypto ban being in the air, many have lost hope for the crypto industry within India as a whole.Binance Buys into IndiaThis is an interesting move on the part of Binance because as many have been exiting the crypto market within India, they seem to be diving in headfirst and this is one of the major acquisitions that has taken place within the space in the last few years. WazirX only launched operations this year and features both a crypto-to-crypto gateway and a P2P system. The P2P system will be implemented onto the Binance gateway in early 2020 and will allow customers to immediately trade in digital assets by first buying Tether.Despite the apathy that exists towards the crypto market in India, Binance management seems to have a lot of faith.“The young demographic in India gives an edge to adopt and build on new financial technologies, and I believe this will play a vital role in making India a global blockchain innovation centre to also spur cryptocurrency adoption throughout the larger public in the country,” said Binance CEO Changpeng Zhao.While WarziX has been acquired by Binance, the management will continue to run operations from Mumbai and according to them, the next wave of crypto adoption will take place in Third World nations and India, having over 1 billion people, it is a prime location for such development.“India will be one of our first forays into stimulating financial growth and access in developing nations beyond the country,” Zhao said. “We will be continuing to work towards furthering crypto adoption, lowering the barrier to entry. One of the main goals is to add more fiat currencies to Binance and work with local partners to add as many fiat-to-crypto pairs as possible.”Allegedly, this is not the only new development at Binance as it has been disclosed that Binance is developing a new C2C fiat service that is not yet available to the public but is already featured on the official website. It is expected that some information will be given about the upcoming service soon.Binance Acquires Indian Crypto Exchange WazirX and Is Preparing a New C2C Fiat Service
Coinspeaker

Binance to launch fiat-to-crypto services in India after acquisition of Mumbai-based crypto exchange

Binance, one of the world’s largest cryptocurrency exchanges by daily volume, has announced the acquisition of major Indian crypto exchange WazirX and plans to launch fiat-to-crypto services in India within days. According to a blog post Thursday by Binance, India-based users will be able to purchase and sell crypto using Indian Rupees (INR) on Binance Fiat Gateway, the fiat-to-crypto portal of the firm’s flagship exchange, Binance.com, starting the 25th of November. WazirX will continue operating as an independent entity after the acquisition, but its peer-to-peer (P2P) fiat-to-crypto matching engine will be added to Binance Fiat Gateway in Q1 2020, allowing users to convert INR to USDT through WazirX, and then trade on Binance’s desktop platform and mobile application, the announcement stated. Growing the pie, one nation at a time The move is consistent with Binance’s aggressive expansion strategy to “grow the [fiat-to-crypto] pie” and make itself the world’s entry point for new crypto users. Over the last year, Binance has appeared to allocate vast amounts of time and resources in the pursuit of this goal, launching fiat-to-crypto platforms in Uganda, Singapore, Jersey, and the U.S. Binance has employed a creative approach to managing fiat-to-crypto regulations in some of the markets it operates in, and it would appear to be favoring the peer-to-peer method to skirt restrictions in stricter jurisdictions. The exchange seemed to reach a new level of bravado in October with the announcement it had launched P2P trading in China, allowing the buying and selling of BTC, ETH, and USDT against the Chinese Yuan—a move that seemed to result in the suspension of Binance’s Weibo account, along with statements by AliPay and WeChat Pay that P2P payments for cryptocurrency would not be honored by the platforms (the exchange of cryptocurrency was banned in China in 2017). Since April 2018 the Reserve Bank of India (RBI) has prohibited financial institutions from servicing businesses dealing in cryptocurrency, effectively bringing to a halt all exchange-based fiat-to-crypto operations in the country. Given the RBI’s apparent unwillingness to soften its stance, the introduction of WazirX’s P2P fiat-to-crypto facility to Binance is likely intended as an interim solution giving the exchange access to the second-most populous market in the world. Wei Zhou, the CFO of Binance, commented: Building fiat-to-crypto bridges remains a key mission for Binance, and WazirX will help this by providing a simple and cohesive way to purchase cryptocurrencies in a country which is home to more than a billion people, The post Binance to launch fiat-to-crypto services in India after acquisition of Mumbai-based crypto exchange appeared first on CryptoSlate.
Cryptoslate

Binance Solidifies Indian Presence with WazirX Acquisition

Global Bitcoin exchange behemoth, Binance, has set up a fiat on-ramp for Indian crypto by acquiring WazirX — a Mumbai-based cryptocurrency exchange service. WazirX Now Binance’s Indian Bitcoin Exchange Partner According to ET, Binance acquired WazirX in a deal worth between $5 million and $10 million. The WazirX acquisition sees the Bitcoin exchange giant establish a significant presence in India. WazirX will act as Binance’s Indian partner with CEO Nischal Shetty continuing to run the platform in the country. The deal will reportedly see WazirX’s P2P market integrated into the broader Binance Fiat Gateway service before the end of Q1 2020. According to the terms of the deal, Indian crypto traders will now be able to buy bitcoin straight from the WazirX P2P platform. The move is also part of Binance’s drive to open up crypto trading to more fiat currencies around the world. Commenting on the move, Binance CEO Changpeng Zhao remarked: India will be one of our first forays into stimulating financial growth and access in developing nations beyond the country. We will be continuing to work towards furthering crypto adoption, lowering the barrier to entry. One of the main goals is to add more fiat currencies to Binance and work with local partners to add as many fiat-to-crypto pairs as possible. Speaking to Australian crypto news platform Micky, Zhao revealed that Binance is looking to launch a branch in Australia before the end of 2020. If achieved, the move will see Binance’s Australian operations grow from a limited retail service to a full-fledged crypto exchange platform. Major Exchanges Eyeing Indian Market Binance’s Indian move represents a growing trend among major Bitcoin exchanges looking to establish a presence in the country. As previously reported by Bitcoinist, major South Korea Bitcoin exchange, Bithumb is also on the hunt for a local Indian exchange partner. This expansion into India comes even as authorities in the country remain firmly against crypto adoption. Back in April 2018, the RBI — India’s central bank, banned commercial banks from facilitating crypto-related transactions. Earlier in the year, an inter-ministerial committee also recommended a blanket ban on crypto trading as well as fines and prison sentences for defaulters of the proposed law. Both Zhao and Shetty have also been vocal critics of the efforts by authorities in the country to stifle crypto commerce. Will India’s government move ahead with plans to ban crypto trading in the country? Let us know in the comments below. Images via The post Binance Solidifies Indian Presence with WazirX Acquisition appeared first on Bitcoinist.com.
Bitcoinist

Binance Acquires Indian Crypto Exchange WazirX in Their Bid to Onboard Native Fiat Support

Earlier this week in Singapore, Changpeng Zhao, or CZ, CEO of Binance, spoke about a massive onboarding of fiat currencies across the world. With the acquisition of WazirX, Binance will be able to take advantage of the robust P2P matching engine that the exchange built out to battle the banking ban in India. From nextRead MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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HIGHLIGHT

Binance Launches Testnet of Decentralized Exchange

The world’s largest cryptocurrency exchange, Binance announced the launch of Binance DEX testnet. Binance DEX is said to be secure and scalable – with a block interval of one second. User account registration is now open. Testnet went live on Wednesday morning, 20 February 2019

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DIGEST

This week twitter-community is waiting for the BCH fork, reading Vitalik Buterin and expressing opinions... — nothing uncommon, but quite lively

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DIGEST

eToro supports universal basic income ideas, Axoni raises additional $36M, Binance welcomes institutional investors when Bloomberg proves their interest in investing in crypto is low, hopes as for BTC ETFs, ConsenSys, Japan’s Shinsei Bank, Nippon Wealth, and Tribay Capital become partners, Alprockz and Geneva Swiss Bank collaborate to create a stablecoin

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DIGEST

Group-IB, a Moscow-based cybersecurity firm, has developed a ranking system to grade cryptocurrency exchanges by the level of safety they offer clients. It ranks Kraken as the safest exchange. Then there go Bittrex and Coinbase Pro. Binance, Bitfinex, Bithumb, Bitmex, Localbitcoins, Myetherwallet and Poloniex are on the list of safe exchanges as well. OKEx, Huobi Pro, and Coincheck are among the least safe exchanges

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Bitcoin Gold Rush, ShapeShift FOX, Binance In India, CFTC + Libra & Ripple + Oxford

My Second Channel: https://www.youtube.com/channel/UCvXjP6h0_4CSBPVgHqfO-UA ---------------------------------------------------------------------------- Support Me On Patreon! https://www.patreon.com/TheModernInvestor ---------------------------------------------------------------------------- Protect And Store Your Crypto With A Ledger Nano: https://www.ledger.com?r=8af3ed38d3b7 ----------------------------------------------------------------------------- Want To Send Me A Tip? Bitcoin Donations Address: 1BYhrLpntMYW97sd8K6fquTcr5MYwPAe2y Ripple (XRP) Donation Address: rsoKR5VHJx84oMTYbS7tWg7g5aFebYirVi Ethereum / KIN / OmiseGo Donation Address: 0x0e5f5CEFaA9A0713AB6D8F79E6679E22d86C21f6 ----------------------------------------------------------------------------- Open An Account With Binance! https://www.binance.com/?ref=22170588 ------------------------------------------------------------------------------ Buy Bitcoin And Ethereum With Fiat On Binance! https://www.binance.je/?ref=35009618 -------------------------------------------------------------------------------- Follow Me On Facebook ! https://www.facebook.com/TheModernInvestor https://www.youtube.com/channel/UC-5HLi3buMzdxjdTdic3Aig Follow Me On Twitter: https://twitter.com/ModernInvest ---------------------------------------------------------------------------------- Very Special Thanks To My Patreon Supporters: Professor Wally From Gunbot University Liam O'Cashidey Cory Stevens RTC 2021 Forex Lens Inc Auspicious Agile & Blockchain Yet Another Nick Bitsource AML Solutions Chris Charles Roman Geber David Chosrova Stuart Niven Larry Gooch Tyler Winklevoss NBKrypto Steven Harper Ulf Fatman Josefsson Mohammad Tabbaa Brian Vaci Jeffrey Pete Mozar Cryptocurrency Logic Jonathan Robert Kraus Josh Gorcyca K9 Ytrup Crypto Jedi Truls Lee 3000 O. Tom Chhuong Kaneko Tomonori Sir Thomas11_11 Mike McCarty Crypto And Beer Shipmate ZEN Lunacy VV Nicola Kenny Mr. Smith Joey The Happy Farmer Damien Walker ---------------------------------------------------------------------------------- Photo Credit To: https://blog.providentmetals.com/wp-content/uploads/2017/03/shutterstock_537448696.jpg
The Modern Investor

ShapeShift Launching FOX Coin to Compete on ERC-20 Market

Coinspeaker ShapeShift Launching FOX Coin to Compete on ERC-20 MarketThere are many utility tokens on the market, some of them left from the “golden ICO era” of 2017, some of them came later. Every time a smart investor is looking at a new project, he thinks – a token again? Yes, one more token, this time coming from the veterans of the industry.To compete with Binance‘s Binance Coin and Bithumb Coin that has been recently officially launched by Bithumb, you need something special. Since Erik Voorhees, CEO and founder of ShapeShift, is not an ordinary person, having connections all over the industry, he has prepared a gift so unique you won’t be able to resist it. When registering on the platform, a user automatically gets 100 FOX tokens. He then can hold them within the account, which will grant $10 in free trading volume per token per month.Voorhees says that his company was thinking about launching their coin since 2017. No wonder, considering this year can be named the most profitable to scammers, thieves, and even idiots. You cannot trade with losses when the market is rising all year long, right? Finally, after 2,5 years of thinking about the creation of coin, ShapeShift made it.FOX Token Won’t Use Own BlockchainAs you may already notice, the new cryptocurrency – ERC-20 Ethereum token, is some token with high liquidity and a small area of using. It touches the lives of bitcoiners around the globe in a speedy, hardcore manner to make them leave custodial exchanges. The company will gather everything around being a non-custodial wallet. Erik noted:“We’re hoping that this will help marginally move some people away from custodians and be more comfortable with the non-custodial model.”Voorhees thinks that it is OK that the new coin won’t have its own blockchain. Its purpose is pretty limited, so there is no need for expensive mining equipment or video blades to perform well in mining, trading or staking this new asset. He also claims that Shapeshift will allow you to claim more benefits from staking in the future months, using the FOX. The service says that the new money will be used in different use cases, including the goal of shifting users from centralized exchanges to this new ideology. “ShapeShift’s goal is to make self-custody a seamless and enjoyable experience because this will help the world move toward self-sovereign finance and away from fiat,” added he.ShapeShift Can Provide the Liquidity You NeedThere is no other crypto custodian that will let you hold your coins as a self-custodian and trade for free at the same time. Only SS can process large amount of clients on their servers. Thousands of people are fleeing to the company every day, but many leave due to the KYC measures. What made this “fleeing” so special is that they buy cryptocurrencies and sell them so that the market moves somewhere.“This has nothing to do with establishing a new chain. Basically, we’re trying to get people away from custodial exchanges. This is an endemic problem in the crypto world that was a problem in 2011 when I first got involved, and it’s still a problem. So, we realized that to solve that, we had to provide all that stuff in one place,” said Voorhees.ShapeShift Launching FOX Coin to Compete on ERC-20 Market
Coinspeaker

USDT Transfers in Ethereum Up 6,000% in 2019

Tether (USDT) dominance in Ethereum is on the rise according to GlassNode, an on-chain market intelligence firm. Cumulatively, the amount of USDT transacted in Ethereum exceeds $100 billion, a 6,000% rise since early 2019. USDT is a stablecoin that is pegged 1:1 against the USD and several fiat currencies. It is officially issued by Tether Limited, a company that has links with Bitfinex, a Hong Kong-based cryptocurrency exchange. USDT Statistics in Ethereum #Tether adoption on #Ethereum still on the rise: $USDT cumulative on–chain volume just surpassed 100 billion USD. That's an increase of more than 6000% since the beginning of 2019. pic.twitter.com/eoPKG9pEfq — glassnode (@glassnode) November 19, 2019 With the shift to Ethereum, USDT transactions are now more active and even harder to track. Combined, Tether’s smart contracts have spent over 2,000 ETHs in Gas as per data from ETHGas Station. This translates to $367k paid as fees with each transaction billed at 21.1 GWei. It is over 10X more than those paid by IDEX smart contracts. There are 562,969 USDT holders generating 11,734,646 transfers pushing Tether’s diluted market cap to $2.03 billion. Overall, the token circulating supply stands at $4.12 billion with a market cap of $4.124 billion at the time of press. USDT Token Holders At this rate, USDT smart contracts burn 10.49% of all Gas with average GWei fluctuating depending on supply and demand forces. When there is a noticeable rise or fall in Bitcoin prices, USDT activity tends to spike. Tether Limited’s Objective According to a circular from Tether Limited, the company has made headway in allowing users to send value over the blockchain without the inherent risk of volatility and complexity associated with free floating cryptocurrencies. By rolling out a stablecoin on Ethereum and complying with the ERC-20 standard, a guide used by most fungible tokens generated on the smart contracting platform, users enjoy faster confirmation times, low transaction fees than they would have on the Omni Protocol. ETH Falls to Third Place Earlier, a report by Bloomberg revealed that USDT was rapidly catching up with ETH and BTC as a preferable means of payment. Statistics published by CoinPayment showed that USDT popularity surged 30% as merchants were attracted to the token’s non-volatility and low transaction fees. BTC related payment shrunk to 60% from 80% with ETH dropping to third as USDT climbed to second. The post USDT Transfers in Ethereum Up 6,000% in 2019 appeared first on Coingape.
CoinGape

Bitfinex Announces Strategic Collaboration with ODEM to Expand Cryptocurrency and Blockchain Education

Zug, Switzerland, Nov. 21, 2019 (GLOBE NEWSWIRE) -- (via Blockchain Wire) ODEM SA and Bitfinex, a state-of-the-art digital asset platform, are excited to announce a strategic cooperation introducing a new model of education on the role of digital tokens in the blockchain-enabled economy. The idea is to provide an innovative token transaction simulation model, designed and operated by ODEM, using Bitfinex as its premier liquidity platform. Together, they will launch a series of programs and courses aiming at increasing the level of education of both novice and advanced Bitfinex users who are interested in obtaining more knowledge about the technical features of digital tokens. In conjunction with these educational programs, ODEM will launch a full simulation of its education marketplace. Bitfinex will provide the liquidity for ODEM transactions, reflected through ODEM's smart contracts. This way, Bitfinex users purchasing educational programs on the ODEM Marketplace using the same credentials as on Bitfinex will be able to view their ODEM Token transactions on Bitfinex's order book. "We're excited to be the first to market with completely mirrored fiat-to-crypto trades in our education and employment marketplace," said Richard Maaghul, CEO at ODEM. "Mirroring blockchain transactions allows users to view their payment activity reflected through our smart contracts in real-time and viewable through Etherscan.io. Transactions conducted by ODEM's Token simulation are fueled by liquidity provided by Bitfinex. With their support ...Full story available on Benzinga.com
Benzinga

Polymath building new security token blockchain platform on Substrate

The team of Polymath, a platform for security token issuance and management, declared back in back in March of this year during Consensus New York, that it had begun work on building a new base layer public blockchain from the ground up – codenamed Polymesh. Now, Polymath has announced that it is building Polymesh on […] CryptoNinjas: Polymath building new security token blockchain platform on Substrate
CryptoNinjas
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