Huobi OTC Platform Launches VISA and Master Card Deposit Service

Huobi, the largest cryptocurrency exchange has announced that its Peer-to-peer trading platform or Over the counter trading platform (OTC) is enabling credit card deposit service. The platform is now supporting both VISA and Master Card after signing a new partnership with Simplex payment processing venture.
Huobi OTC Partnered with Simplex
Per the reports, the platform has tied up with Simplex, the platform which is already serving credit card services to Binance users. Nevertheless, Simplex is EU licensed financial institution which will enable Huobi OTC users to purchase supported cryptocurrencies (including Bitcoin, Ethereum, Litecoin, and XRP) using their debit and credit cards.
Moreover, according to the press release, Simplex supports daily deposits of $20k and $50k monthly with an average fee of around 3.5%. However, fees may vary – wherein its minimum fee for transactions count $10.
Concerning the partnership with Simplex, Ross Zhang, Head of Marketing for Huobi Group says that;
“Partnering with Simplex will allow us to significantly minimize the obstacles our customers face – something we are always interested in,”
Beside Huobi exchange, Simplex is already offering parallel services to Liquid exchange and Trad.io. Credit card accessibility across cryptocurrency platform is certainly enhancing users experience as well as boost the usability of various cryptocurrencies. Similar to Zhang, Simplex Co-founder and CEO, Nimrod Lehavi commented on the partnership with Huobi OTC platform. He says that;
“We’re thrilled to partner up with Huobi and together enable a much better, fast, and easy experience.”
Although credit card for crypto looks pretty cool but at the same time, it doesn’t serve the countries where regulations around crypto are uncertain. Indeed, it marks a potential adoption of crypto among the countries that quickly opens up the door to innovations like crypto & blockchain.
So readers, what’s your stake on Huobi OTC platform offering credit card services on crypto purchases? Let us know in the comment below
Image source – Huobi official
The post Huobi OTC Platform Launches VISA and Master Card Deposit Service appeared first on Coingape.
Source: CoinGape

Initial Exchange Offerings: 3 Upcoming Projects to Watch Right Now

Coinspeaker
Initial Exchange Offerings: 3 Upcoming Projects to Watch Right Now
As IEOs are becoming more and more prevalent holding the potential of replacing ICOs as the most popular fundraising model, you might ask “which are the ones worth watching?”. Here’re three IEO projects you should keep an eye on right now.
Initial Exchange Offerings: 3 Upcoming Projects to Watch Right Now

Continue reading at Coinspeaker
Source: CoinSpeaker

Newton Project Set to Open Global Economy for Everyone

Coinspeaker
Newton Project Set to Open Global Economy for Everyone
The Newton project is building the community economy that will provide everyone with opportunities to get benefits from economic growth.
Newton Project Set to Open Global Economy for Everyone

Continue reading at Coinspeaker
Source: CoinSpeaker

On April 23-24 Binance and Huobi Speak at Blockchain Life 2019 in Singapore

Coinspeaker
On April 23-24 Binance and Huobi Speak at Blockchain Life 2019 in Singapore
The global forum Blockchain Life 2019 brings together more than 3000 participants from 70+ countries.
On April 23-24 Binance and Huobi Speak at Blockchain Life 2019 in Singapore

Continue reading at Coinspeaker
Source: CoinSpeaker

Dogecoin [DOGE] – Huobi Exchange Listed Elon Musk’s Favorite Cryptocurrency

Dogecoin (DOGE) is gaining a massive interest from exchanges like Huobi. The meme-coin has recently been famous as Elon Musk’s favorite cryptocurrency which might have influenced Huobi exchange to list it on its trading platform. At the moment, the coin has jumped from its 24th position to 23rd position.
Elon Musk’s move of updating his bio as ‘former CEO of Dogecoin’ have got the mainstream attention – moreover, his love for Dogecoin (DOGE) has soared the value of coin within a couple of hours. Although the present value of Dogecoin is declined with 8.46% over the past 24 hours, its leap in terms of market capitalization is quite remarkable. Per the Coinmarketcap (CMC), DOGE is presently the 23rd largest cryptocurrency after defeating VeChain from its 24th position.

Huobi Global Launched Dogecoin (DOGE)
Announced on April 04, 2019, Huobi global is offering DOGE trading in multiple pairs including DOGE/USDT, DOGE/BTC, and DOGE/ETH. DOGEcoin deposit began from April 4, 9:00, 2019 (GMT+8) whereas withdrawals made available from 17:00, April 4, 2019 (GMT+8).

To celebrate Dogecoin listing, Huobi exchange announced the giveaway on top of deposit and trading of newly listed crypto. It says ‘Deposit & trade to win your share of 10M dogecoins’. Per the report, the double campaign (deposit and trading) rolled out from April 04 and will lapse on April 14 (GMT+8). Accordingly, the deposit campaign contains 6 million DOGE whereas trading campaign involves 4 million DOGE.
To participate and win, one must have verified account at Huobi Global exchange. The blog reads that;
During the promotion, any verified users who deposit DOGE to Huobi Global can share 6 million DOGE in total proportionate to their DOGE net deposit volume (DOGE net deposit volume = DOGE deposit volume – DOGE withdrawal volume).
During the promotion, any verified users who trade DOGE on Huobi Global can share 4 million DOGE in total proportionate to their DOGE trading volume (trading volume = buying + selling volume, excluding self-trading volume).
What do you think of Huobi’s interest in listing DOGE Coin? Let us know in the comment section below.
The post Dogecoin [DOGE] – Huobi Exchange Listed Elon Musk’s Favorite Cryptocurrency appeared first on Coingape.
Source: CoinGape

Crypto Market Wrap: Bitcoin Cash and Litecoin Keeping Markets Pumped

Crypto markets remain buoyant; Bitcoin Cash and Litecoin ripping it at the moment, Dogecoin gets a new listing.
Market Wrap
The major pullback that was expected after such a huge rally has not materialized just yet. Crypto markets are still holding gains made this week and a couple of higher cap altcoins are pushing even further. Total market capitalization has remained above $170 billion and momentum continues to build slowly this Thursday.
Bitcoin is holding steady but has corrected a little after reaching an intraday high of $5,300 a few hours ago. Volume remains high at $22 billion and BTC has traded above $5k for the best part of the last 24 hours. It is currently up 2% on the same time yesterday, trading at $5,030 according to CMC.
Ethereum has pulled back a little dropping under $165 again as buying pressure cools for the world’s second largest crypto asset. Ethereum has pretty much missed out during this entire market rally as it has only made 15% whereas many of the others have made double that. XRP is also dropping back marginally and has also been comparatively weak this week with a gain of just 10%.
There are two altcoins dominating the top ten at the moment with double digit gains for the third day in a row. Bitcoin Cash is crushing it with a double flippening over EOS and LTC to take fourth spot in terms of market cap. BCH has added a further 21% on the day to reach $310 – its total gain this week has been an epic 82%. Litecoin is the other big mover today, and all week, with a 24 hour gain of 10% as LTC closes in on $90. The combined volume for these two alone is over $10 billion.
None of the others have moved much today aside from EOS and Cardano adding a couple of percent. The top twenty sees Bitcoin SV, NEO and Ontology leading the pack with gains of 5 to 6 percent on the day. Tron, Tezos and NEM have pulled back 3 to 4 percent.
FOMO: Dogecoin Driven by Huobi
Today’s top one hundred top performer is Dogecoin with a jump of 25%. The crypto clown started to climb a few days ago following a manipulated April Fools pump. DOGE is now up to 77 satoshis, a jump of 54% this week against Bitcoin. A listing on Huobi has initiated today’s fomo pump;

It's official: Huobi Global lets the #dogecoin out!Deposit your Dogecoin ( $DOGE) now!Details here: https://t.co/uD2q4Uo04o@dogecoin @ummjackson @elonmusk #HAPPENINGNOW #cryptocurrency #HuobiGlobal pic.twitter.com/lwtPNQYuYN
— HuobiGlobal (@HuobiGlobal) April 4, 2019

Reddcoin and IOST are both doing well today with 20% pumps and REPO is close behind. A massive dump is going on at Maximine Coin as it sheds over 65% following a botched up fork and failure of exchanges to carry out wallet upgrades. KuCoin Shares are also in pain losing 18% today.
Total market capitalization 24 hours. Coinmarketcap.com
Total market capitalization hit another 2019 high a few hours ago of $185 billion. It has since corrected to $175 billion but is still up on yesterday’s levels by 2.3%. Volume remains at record levels over $80 billion and the momentum is largely being driven by Bitcoin Cash and Litecoin at the moment. Despite Bitcoin’s big pump its market dominance remains at 50.7%.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Market Wrap: Bitcoin Cash and Litecoin Keeping Markets Pumped appeared first on NewsBTC.
Source: New feedNewsBTC.com

Crypto Exchange Bithumb Hacked for $19M EOS By the Insider

Coinspeaker
Crypto Exchange Bithumb Hacked for $19M EOS By the Insider
South Korean crypto exchange Bithumb was hacked last night for three million EOS ($13 million) and the exchange believes it was compromised by its own employees.
Crypto Exchange Bithumb Hacked for $19M EOS By the Insider

Continue reading at Coinspeaker
Source: CoinSpeaker

Huobi’s US Branch Forms New Team to Further Push Institutional Products Development

Coinspeaker
Huobi’s US Branch Forms New Team to Further Push Institutional Products Development
Huobi’s branch HBUS will focus on introducing new services for institutional investors, such as token lending, over-the-counter (OTC) trading, and even issuing its own stablecoin. 
Huobi’s US Branch Forms New Team to Further Push Institutional Products Development

Continue reading at Coinspeaker
Source: CoinSpeaker

OKEx Follows the Lead of Binance Planning to Launch Its Own Decentralized Exchange

Coinspeaker
OKEx Follows the Lead of Binance Planning to Launch Its Own Decentralized Exchange
OKEx plans to catch up with Binance by scheduling the launch of its in-house decentralized exchange, DEX, for this June. The DEX will run entirely on OKEx’s own blockchain.
OKEx Follows the Lead of Binance Planning to Launch Its Own Decentralized Exchange

Continue reading at Coinspeaker
Source: CoinSpeaker

Binance (BNB) Coin Gains 15%, Exponential Rise Continues With This New Update

Binance (BNB) Coin continues its rise with the announcement of a new update to the Binance LaunchPad Token Sale Platform. The price of Binance (BNB) Coin at 4: oo Hours UTC on 25 March 2019 is 17.08 dollars. It is trading 14.2% higher on the daily scale. The total market capitalization of the Binance (BNB) token is nearing $2.5 billion.
Binance coin is gained 180% since the beginning of the. The rise of the Binance (BNB) Coin is backed by the utility added to the cryptocurrency by the Binance Exchange with every day. Moreover, the new update has also received criticism of favoring the whales and the pushing the price of the Binance (BNB) Coin.
BNB/USD Chart on Coinmarketcap
Binance LaunchPad Update
Binance LaunchPad is a platform introduced by Binance Exchange to facilitate the launch of new cryptocurrency on its platform. The success of the LaunchPad Platform is commendable; the BitTorrent (BTT) token and Celer cryptocurrency sale were completed in minutes after the launch.
Huobi and Okex have also initiated similar platforms based on Huobi Token (HT) and OkJump Start. However, Binance is leading this aspect of cryptocurrency as well along with being the highest ranked Exchange w.r.t. Total volume.
The changes introduced in the Launchpad include a ‘lottery system’ in place of the first come-first serve scheme for ‘new tokens’ announced on the LaunchPad. The users will now have to ‘hold’ Binance (BNB) Coin 20 days before the launch of a new token. The users will then be assigned a particular number of ‘lottery tickets’ depending on their BNB balance during the 20 days.  The winner of each ticket will then be allocated a $500 slot to purchase the ‘new cryptocurrency’ on Binance LaunchPad.
Each user’s BNB balance will be recorded in a snapshot at 0:00 AM (UTC) each day. Should a user’s BNB balance drop below the minimum balance required on any given day during the 20-day period, they will be put into the lower threshold.

$BNB skyrockets after #Binance announces the next Launchpad sale lottery is dependent on how many BNB you hold. The more BNB, the more tickets you get, but maximum 5 tickets.
BNB is up 15% in the last 24 hours while most other coins are trading sideways. pic.twitter.com/MzpG0IXxce
— CryptosBatman ⚡ (@CryptosBatman) March 24, 2019

Criticism Against The New Update
The minimum balance required to earn a ticket is 100 BNB. According to current prices, it amounts approx. $1700. The new scheme of the LaunchPad also does not guarantee a return, it just gives an opportunity to participate in the token sale. Hence, the risk involved for the users is significantly more.
We also strongly recommend that you don’t hold BNB just to participate in Binance Launchpad events. If you don’t want to hold BNB otherwise, then please don’t hold BNB.
The new Scheme of the LauchPad also essentially makes it very difficult for small-scale investors to participate in the Launch. Hence, the move is inclined to favor the ‘whales’ more.
Moreover, the LaunchPad hysteria and schemes reminiscence of the ICOs conducted during 2016-2017. The Exchanges have taken an innovative approach to expanding their business. It also increases the value of the token increasingly as its ‘Hodling’ will rise over a more extended period. However, the idea of a token launch on a significant Exchange often attracts more euphoria than required.
If new ‘tokens’ continue to gain traction, what is the predicted price of Binance (BNB) Coin in 2019 according to you? 
The post Binance (BNB) Coin Gains 15%, Exponential Rise Continues With This New Update appeared first on Coingape.
Source: CoinGape

Tron Based ‘Stable Coin’ to Start Trading At Huobi and Okex Exchange

Okex and Huobi Global have added support for USD Tether pegged to the US Dollar built on Tron. Tron Foundation built the ‘stable coin’ collaboration with Tether. Currently, the two Exchanges support three stable coins markets USDT-Tron (TRC20), USDT-OMNI, USDT-ERC20 (Ethereum). The token will be launched on 30th April 2019 on the Okex and Huobi Global Exchanges.
According to the press release by Okex:
In order to meet users’ demand for stablecoin trading, OKEx will support USDT-TRON, the TRC-20 based USDT token co-developed by TRON and Tether, as well as the airdrop for USDT-TRON holders.
…It has a TRON deposit address and uses the TRON network for depositing and withdrawal.
Rewards for Early Adopters and Tron’s Growth
The annual percentage return (APR) of the USDT-TRON token has been designed to give out rewards for its early adopters. The initial APR is 20% which will, however, reduce with time. Nevertheless, the program is supposed to roll out investments for a total of 100 days. The total amount of incentives will be $20 million. The incentives will be rewarded in USDT-TRON only.
Justin Sun has implored the users of the Exchanges to adapt to swap from USDT-OMNI – USDT-TRON.

#Hodl USDT-TRON to earn initial 20% APR in USDT-TRON. 100 day campaign. $20M initial budget no hard cap. Just sayin'. 😎 $TRX $BTT pic.twitter.com/jyo7QcrtbE
— Justin Sun (@justinsuntron) March 21, 2019

The Stable coin will be available on major exchanges, and the reward programs are lucrative. Therefore, the number of transactions on the Tron Network would increase significantly. Tron has built a vibrant ecosystem for Dapps and issuing digital asset. The move will foster the growth of Tron. It will also help the exchanges take advantage of the transaction capabilities of Tron which is considerably cheaper than Ethereum currently.
The returns proposed by ARP are highly lucrative. Will you swap your stable coins to earn the rewards? 
The post Tron Based ‘Stable Coin’ to Start Trading At Huobi and Okex Exchange appeared first on Coingape.
Source: CoinGape

TOP Network is Chosen as the First Project to Launch on Huobi Prime

Coinspeaker
TOP Network is Chosen as the First Project to Launch on Huobi Prime
The official launch of Huobi Prime is scheduled for March 26. It has been announced that TOP Network will be the first project listed.
TOP Network is Chosen as the First Project to Launch on Huobi Prime

Continue reading at Coinspeaker
Source: CoinSpeaker

Cryptocurrency Exchanges With Derivatives in 2019: Exclusive Comments From 4 Industry Executives

CoinSpeaker
Cryptocurrency Exchanges With Derivatives in 2019: Exclusive Comments From 4 Industry Executives
Michael Budkov, marketing specialist, financier, and writer, shares exclusive comments from the representatives of four cryptocurrency exchanges that support derivative contracts and reflects on the market trends likely to develop in 2019.
Cryptocurrency Exchanges With Derivatives in 2019: Exclusive Comments From 4 Industry Executives

Continue reading at Coinspeaker
Source: CoinSpeaker

Ripple’s XRP Makes Another Step Forward Going Live on Huobi OTC

CoinSpeaker

Ripple’s XRP Makes Another Step Forward Going Live on Huobi OTC

The over-the-counter branch of cryptocurrency exchange Huobi has announced adding support of XRP. XRP trading was launched on March 6.

Ripple’s XRP Makes Another Step Forward Going Live on Huobi OTC

Continue reading at Coinspeaker
Source: CoinSpeaker

TrustToken Customers Can Soon Check the Status of TrueUSD Market in Real Time

CoinSpeaker

TrustToken Customers Can Soon Check the Status of TrueUSD Market in Real Time

The new feature for TrueUSD users will be available through the real-time dashboard developed independently by Armanino. The launch is set to take place in April.

TrustToken Customers Can Soon Check the Status of TrueUSD Market in Real Time

Continue reading at Coinspeaker
Source: CoinSpeaker