Bithumb news

Established in 2013, South Korea. No. of pairs - 37. Fiat - KRW. Centralized exchange.

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South Korean Crypto Exchange Bithumb Adds Support for BitTorrent’s BTT Token

It might be still new to the crypto space, but the BitTorrent token (BTT) is already recording impressive performances. This week, Bithumb, an exchange platform based in South Korea, announced the addition of the BTT token to their coin listing. The announcement was made through the Twitter account of the Bithumb exchange. The platform declared that it would start accepting BTT deposits as from February 19. In addition, Bithumb also confirmed support for the BTT airdrop. Lately, the BTT token has been gaining popularity across various digital exchange platforms. In January, it was listed on Binance and Bitfinex. Because BTT is based on Tron’s blockchain protocol its listing on the aforementioned exchange platforms was followed by several airdrops for TRX holders. Besides the addition of BTT and conducting the airdrop, Bithumb will reward users who deposit their BTT on the exchange platform with extra BTT. This incentive will go on until the BTT token goes live on Bithumb. The Binance exchange platform recently introduced trading pairs including BTT and stablecoins such as Paxos Standard, TUD and USDC. These trading pairs became available as from February 15. As of now, BTT has a market value of $0.0001, while its daily trading volume is slightly above the $200 million marks. over the past week, its value has soared by 4.40% most of the trading activity involving BTT was done on the UPbit crypto exchange, followed by Binance. About the BTT Token BTT is a token based on the TRC-10 protocol, built on the Tron blockchain network. It is designed to integrate seamlessly with the BitTorrent protocol, which currently has 100 million regular users. The primary objective of BTT is simplifying and improving the efficiency of sharing files and other resources. The BitTorrent network is made of many ‘peers’, each of which has a piece of the file to be shared. Users who have complete files are called ‘seeds.’ The BitTorrent team recently introduced a new feature called BitTorrent Speed, aimed at increasing the adoption of BTT. This feature allows users to access files faster by making BTT payments to each other. This means that seeds can earn BTT for making files available to other users on the network. BitTorrent Speed intends to use financial incentives to optimize the allocation of resources on the BitTorrent network. It is expected to follow a bidding system, where interested parties express their interest and the seed chooses the highest bidet. Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), and EOS Price Analysis Watch (Feb 19th)
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Tron’s BitTorrent to be listed on South Korean Exchange Bithumb

BitTorrent token [BTT], the newly launched coin, has been performing well post the massive pump on February 18 and its performance is resonating across markets and exchanges. According to Bithumb’s update on Twitter, the South Korean cryptocurrency exchange is all set to list BTT token on February 19. Bithumb took to Twitter and said: “[New Coin Listing] BitTorrent(#BTT) will listed on Bithumb! ■Timeline: February 19 (Tue), 2019 in the afternoon ■ Deposit address open: February 19 (Tue), 2019 at 2:00 PM” The exchange also announced that it will also provide support to the BTT airdrop. The recently launched token has already been listed on many major exchanges, including Binance and Bitfinex. The token saw its launch on Binance’s launchpad at the end of January and was followed by multiple adoption airdrops for Tron [TRX] holders since BTT is built on the Tron network. Apart from listing BTT and conducting the airdrop, Bithumb will be distributing extra BTT tokens to users who deposit their BTT on the exchange, according to Chepicap. The publication also informed that the event will last until trading of the token goes live on the Bithumb platform. Recently, BTT was also paired with multiple stablecoins on Binance. These coins included Paxos, TUSD, and USDC. Binance had announced: “Binance will open trading for BTT/PAX, BTT/TUSD and BTT/USDC trading pairs at 2019/02/15 10:00 AM (UTC).” At press time, BTT was valued at $0.0010 and registered a 24-hour trading volume of $202 million. The coin recorded a growth of 14.76% over the past day. BTT noted growth of 4.40% over the past seven days. However, it was falling by 0.53% over the past hour, at press time. The coin registered the highest trading volume on UPbit, with a volume of $103 million with the BTT/KRW pair. The second position was taken by Binance with the BTT/USDT pair, as it registered a volume of $49.5 million. The post Tron’s BitTorrent to be listed on South Korean Exchange Bithumb appeared first on AMBCrypto.

Bithumb Expand Into The Middle East

Notorious South Korean cryptocurrency exchange Bithumb have announced that they will be expanding their operations into the Middle East after forming a new joint venture...

Bithumb Announces Plans to Launch a Crypto Exchange in the UAE

News reaching Ethereum World News indicate that the South Korean crypto exchange of Bithumb is planning to expand its roperations to the Middle East. According to Coindesk Korea, the firm announced that it had signed a Memorandum of Understanding (MOU) with the UAE-based company of Nvelop to spearhead a joint venture in the country in the form of a fiat-to-crypto exchange. A spokespersion of Bithumb told Financial Times that the new exchange will diversify Bithumb’s business overseas. The partnership with Envelope will enable us to build a foothold in the Middle East as a global exchange. This year, we will diversify into a business centered on overseas business. Through the new venture, Bithumb plans to expand its reach to countries in the Middles East and North Africa (MENA) region. The region has been a beehive of activity as many crypto and blockchain ventures have set up shop in the area. One other example is Huobi that is in the process of expanding to the MENA region. Bithumb Seeks an Entry in the USA via a Reverse Merger Earlier on in the year, news hit the crypto-verse that Bithumb was planning on going public in the United States through a reversed merger. The latter occurs when a private company acquires a publicly listed company directly. This then enables the private company to bypass a lot of procedures to make an entry into a certain market. This type of move is usually referred to a reverse IPO. Blockchain Industries is the company publicly listed in the US and it signed a binding letter of intent to merge with the parent company of Bithumb known as BTHMB HOLDINGS Pte. Ltd and registered in Singapore. As a result, Blockchain Industries will soon become Blockchain Exchange Alliance. Patrick Moynihan, CEO of Blockchain Industries, expressed his excitement over the merger. We are thrilled to be part of this important initiative that is expected to bring liquidity, accessibility and expansion to the blockchain industry. By merging with BTHMB/BXA, we expect to bring more advanced technology and better compliance practices into the public marketplace via a consolidated focus. What are your thoughts on Bithumb partnering with Nvelop to launch a fiat-to-cryptocurrency exchange in the UAE? Is this an indicator of crypto trading becoming a global industry? Please let us know in the comment section below. [Feature image courtesy of] Disclaimer: This article is not meant to give financial advice. Any opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Bithumb Announces Plans to Launch a Crypto Exchange in the UAE appeared first on Ethereum World News.
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Billionaire Elon Musk Lauds Bitcoin As “Quite Brilliant,” Why Isn’t Tesla Going Crypto?

While Elon Musk has yet to formally delve into the Bitcoin space, he has long been a fabled member of the crypto community. Since finding his way to the headlines of the world’s media, the Tesla chief executive’s pro-innovation mindset has struck a chord with many enamored with cryptocurrencies. In fact, some say that Musk’s unsaid raison d’etre of bettering society at large, especially by amending the world’s most harrowing issues (climate change, confinement on Earth, financial inequality), lines up with the goals held by many cryptocurrency insiders. Thus, some have even argued that Musk could be Satoshi Nakamoto. Sahil Gupta, a former intern at Musk’s second multi-billion dollar enterprise SpaceX, once infamously claimed that Musk’s brief mentionings of cryptography, economics, the C++ computing language, along with the entrepreneur overarching vision scream Satoshi. The South African-Canadian entrepreneur has done his best to keep his mouth zipped regarding his candidacy for the Satoshi title, but that hasn’t stopped him from talking about cryptocurrencies. We had @elonmusk on the latest episode of @ARKInvest's podcast! He had a few things to say about Bitcoin. "Paper money is going away and cryptocurrency is a far better way to transfer value than pieces of paper." – Elon Musk — Yassine Elmandjra (@yassineARK) February 19, 2019 Bitcoin Is “Quite Brilliant” While the crypto market has remained in a depressed state, save for Monday’s jaw-dropping rally, stars have begun to descend on this industry. Weeks ago, NewsBTC reported that a mass of celebrities, including the Spice Girl’s Mel B, Johnny Depp, Madonna, and Lionel Messi, had some involvement in cryptocurrency. More recently, Jack Dorsey of both Twitter and Square took to Joe Rogan to claim that the native currency of the Internet is likely to be Bitcoin. Related Reading: Twitter CEO Loves Lightning on Bitcoin: is it the Future of Fast, Instant Payments? And just on Tuesday, Elon Musk, the most well-known Silicon Valley guru, took to the New York-based ARK Invest’s “FYI” Podcast to touch on Tesla’s plans, autonomy, other innovations, such as crypto. Per The Block, who compiled his comments regarding cryptocurrencies, Musk made his comments with explicitly bullish tones. After discussing Tesla’s most recent advancements, the hosts of the podcast, the CEO and an analyst at ARK, a disruptive innovation-centric investment group, took a brief aside. They asked Musk if he agrees with Dorsey’s recent comments on Bitcoin and cryptocurrencies at large. Interestingly, Musk responded with an answer, albeit somewhat cursory. He tacitly agreed, noting that the “Bitcoin structure was (is) quite brilliant,” adding that Ethereum and “maybe some of the others” have merit too. Musk did admit that he isn’t too enamored with Bitcoin’s Proof of Work (PoW) consensus mechanism, noting that it is energy intensive. Yet, he explained that fundamentally, crypto assets are great as they bypass currency controls, especially in nations embroiled in financial and political turmoil, like Venezuela. He added that cryptocurrencies are also a “far better way to transfer value than pieces of paper,” subsequently quipping that he’s sure of this “without a doubt.” In spite of all this, he made it clear that Tesla isn’t going to foray into the crypto space in any capacity, noting that it would be a good use of his firm’s resources to prop up an offering. Musk’s abrash comments quickly elicited responses from each and every corner of the crypto space. Matt Odell, a long-time pro-Bitcoin coder and industry personality, joked that the comments “confirmed” his bias that cryptocurrencies could oust banknotes. Changpeng “CZ” Zhao of Binance noted that eventually, “[Musk] will join the brotherhood,” adding that he is unequivocally sure that the businessman will take up a crypto mantle. CZ notably called on the Tesla founder to take up the Lightning Network Trust Chain torch last week, just days after Twitter’s Dorsey openly lauded Bitcoin in dozens of tweets. Crypto Is Better Than Banknotes? While Musk made notable acknowledgments in his brief appearance on ARK’s “FYI,” what stood out to many crypto investors was his thoughts on the dichotomy between banknotes & physical cash, and crypto assets, not centralized e-money. For a brief recap, Musk simply stated that he is unequivocally sure that crypto, whether it be Bitcoin, Ethereum, or otherwise, is a “far better” medium of exchange than pieces of paper. Shocking, right? This may be deemed hearsay by pundits of the legacy world, but the world is already adopting digital mediums of exchange. Per previous reports from this outlet, Arthur Hayes of BitMEX took to his company blog to claim that platforms like WeChat Pay and AliPay have already begun to take over China’s financial system. Who’s to say that cryptocurrencies, a decentralized counterpart to these systems that tout their own currencies, cannot have a similar impact on society at large. The fact of the matter is that these digital payments systems, whether decentralized or centralized, offer benefits that cash/plastic cannot. Case in point, payments on both Bitcoin and WeChat Pay are cheap, rapid, and relatively secure. But arguably, decentralized payment ecosystems, which are non-sovereign, private, immutable, and non-censorable, are even better than their centralized peers, which is likely what Musk was touching on. Featured Image from Shutterstock Billionaire Elon Musk Lauds Bitcoin As “Quite Brilliant,” Why Isn’t Tesla Going Crypto? was last modified: February 20th, 2019 by Nick ChongThe post Billionaire Elon Musk Lauds Bitcoin As “Quite Brilliant,” Why Isn’t Tesla Going Crypto? appeared first on NewsBTC.

In the Daily: Elon Musk Talks Bitcoin, Shanghai’s Fudan University, Xdat Exchange

In this edition of The Daily we cover some largely supportive remarks the famous entrepreneur Elon Musk has made about Bitcoin, the latest academic institution to launch a blockchain R&D center, and a new offering from Malta-based exchange Xdat. Also Read: Bank of Spain Report: Bitcoin Is a Solution for a System Without Censorship Elon Musk Talks Bitcoin The founder of Tesla and Spacex, Elon Musk, is once again making headlines about crypto. He recently went on the Ark Invest podcast to discuss the future of autonomous driving technologies. Most of the half-hour interview focused on the strategy behind his electric car company but the topic of cryptocurrency eventually popped up in the last four minutes. Musk commented: “I think the Bitcoin structure is quite brilliant. There seems like there is some merit to Ethereum as well, and obviously others. But I’m not sure if it’s a good use of Tesla resources to get involved in cryptos … We’re really just trying to accelerate the advances of sustainable energy. One downside of Bitcoin is … computationally it’s quite energy intensive. There has to be some kind of constraint on the creation of crypto. It’s very energy intensive to create the incremental bitcoin at this point … It bypasses currency controls. Paper money is going away, and crypto is a far better way to transfer value than pieces of paper. That’s for sure.” Shanghai’s Fudan University Launches Research Center Shanghai’s Fudan University has become the latest academic institution to launch a blockchain R&D center. Founded in 1905, Fudan is one of the most prestigious and selective schools for higher learning in China. The Shanghai Blockchain Engineering Technology Research Center is tasked with carrying out basic research in the field, developing demo applications in collaboration with the broader industry, and training talent to serve Shanghai’s economic development. Last month the University of California, Berkeley announced the formation of its own blockchain-focused startup accelerator program, the Berkeley Blockchain Xcelerator. This program is meant to help aspiring entrepreneurs create high-value ventures in the blockchain space with industry guidance from Silicon Valley. Xdat Exchange Lists 18 Trading Pairs Xdat, a new Malta-based cryptocurrency trading exchange, has announced the listing of 18 trading pairs. These comprise ETH/BTC, BCH/BTC, EOS/BTC, ETC/BTC, XRP/BTC, DASH/BTC, LTC/BTC, BTC/ETH, BCH/ETH, EOS/ETH, ETC/ETH, XRP/ETH, DASH/ETH, LTC/ETH, BTC/TUSD, ETH/TUSD, BTC/EURO, and ETH/EURO. The company has further plans to add other pairs over time. The exchange is compliant with Maltese regulations for KYC and AML procedures and caters to both retail and institutional investors. Its fiat gateway allows users to deposit funds in 12 major currencies: USD, GBP, JPY, HKD, CHF, AUD, NOK, SEK, DKK, CZK, PLN, and HUF. This selection is meant to eliminate the need for involvement of a foreign bank for the supported options and allows users to work solely with Xdat’s bank. “Xdat is on a mission to address the key problems of existing exchanges … including lack of flow of new capital, lack of trust, no approach for mass adoption, and high fragmentation,” said CEO Prashanth Swaminathan. “Our aim is to bring crypto to all. To that end, we will be working closely with our community and using their support and feedback to make our interface more user-friendly and trading as streamlined as possible.” What do you think about today’s news tidbits? Share your thoughts in the comments section below. Images courtesy of Shutterstock. Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from The post In the Daily: Elon Musk Talks Bitcoin, Shanghai’s Fudan University, Xdat Exchange appeared first on Bitcoin News.
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Elon Musk Praises 'Brilliance' Of Bitcoin And Ethereum, But Clash With Tesla's Energy Stance

Main Street seems to be giving cryptocurrency a second look. Last week, Jamie Dimon and JPMorgan Chase & Co. (NYSE: JPM) announced an investment in JPM Coin, which will become the first digital token provided by a U.S. bank. This week, Tesla Inc (NASDAQ: TSLA) CEO Elon Musk lent cryptocurrency additional validation. “Paper money is going away, and crypto is a far better way to transfer value than pieces ...Full story available on

Elon Musk Calls Bitcoin "Brilliant" | Here's Why He's Optimistic

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