Huobi announces launch of Huobi Prime, a premium token listing channel

Chinese crypto firm, Huobi, announced the official roll-out of Huobi Prime, a premium token listing channel, which will be released on 26 March 2019. With this feature, users will be able to trade in ‘high potential digital assets,’ before they are listed on the main exchange.
According to Leon Li, the Founder and CEO of the Huobi Group, it is aimed at accessing promising crypto assets at rates substantially lower than their market price.
The announcement stated,
“To foster fair price discovery, and to avoid potential risks brought to users by severe volatility, we will introduce ‘Price Limit’.”
According to a statement released by the group, users on its platform will have an investment cap of $1,000 in HT tokens, which boiled down to nearly 2,220 HT per sale, owing to the trading price, at press time.
The project can be compared to Binance Launchpad, with its main goal being to provide a platform for “transformative crypto projects.” Like the Launchpad, Huobi Prime plans to list the digital assets against its native token HT for trading.
In what may be an indication of the crypto-winter receding, trading platforms have opened up their roster to new and promising assets. In a similar roll-out, the Malta-based exchange, Bittrex, launched a token sale on its platform, in a bid to make the gaming system more transparent, with their first Initial Exchange Offering [IEO].
The latest Huobi feature comes a week after the crypto firm announced support for Tron [TRX] decentralized apps [DApps] on its multi-chain Huobi Wallet. The wallet currently supports Bitcoin, Ethereum, Tron, Bitcoin Cash, Bitcoin SV, XRP, EOS, Ethereum Classic, and Litecoin, as well as all ERC20 tokens and stablecoins.
The roll-out followed a month after the Chinese group’s Australian unit was shut down eight months into its launch, due to poor market conditions.
The post Huobi announces launch of Huobi Prime, a premium token listing channel appeared first on AMBCrypto.
Source: AMB Crypto

Here is Why Bittrex Suddenly Cancelled its Excited IEO Just Hours Before Scheduled Launch

Initial Exchange Offerings (IEO) are popping up as a new trend among cryptocurrency exchanges. As such, Bittrex Exchange had also announced to host its first IEO for a token called XRD but suddenly announced to pull it back due to ‘last minute’ problem, as confirmed by European Exchange Bittrex.
Bittrex cryptocurrency exchange announced the reversal of its upcoming IEO scheduled to host on behalf of a South Korean Startup RAID for its XRD token. The exchange suddenly canceled it on March on March 14. As per the records, the IEO was supposed to go live on March 15 – and the cancellation announcement comes before a few hours of the scheduled launch. According to an official report, the exchange abruptly canceled it due to ‘significant, last minute changes’ with XRD crypto project.
Bittrex International broke out a reversal tweet adding ‘ trust and integrity are the most valuable assets’;

Trust and integrity are the most valuable assets of Bittrex International. As a result of significant, last-minute changes with RAID, we have cancelled the IEO offering of the RAID token. We apologize for the inconvenience. We will provide a more complete statement shortly.
— Bittrex International (@BittrexIntl) March 14, 2019

Furthermore, in an upcoming tweet and announcement, Bittrex explains that the change occurred in the business status of the RAID project, elaborating that OP.GG terminated its strategic partnership with RAID which was essential for RAID project.
OP.GG terminated its strategic partnership with RAID, which was a vital part of the RAID project. When Bittrex International became aware of this significant event, we did not feel that it was in the best interest of our customers to move forward with the IEO.

Concerning the similar context, OP.GG reportedly confirmed that there will be no economic and technical cooperation with RAID Project. However, the platform servers 45 million monthly active users and with the recent announcement, all potential business discussion related to RAID project is no longer the concern of OP.GG.
To note, Bittrex’s first IEO received a significant response from the industry players including CZ from Binance cryptocurrency exchange. if everything would perfect, Bittrex would launch its first IEO today (i.e on March 15) at 10 am KST on behalf of RAID project.
Those who don’t know about IEO or Bittrex’s IEO announcement, please visit here – IEO
The post Here is Why Bittrex Suddenly Cancelled its Excited IEO Just Hours Before Scheduled Launch appeared first on Coingape.
Source: CoinGape

Is Bittrex’s First IEO ‘Raid (XRD)’ Coming From a Real Company?

CoinSpeaker
Is Bittrex’s First IEO ‘Raid (XRD)’ Coming From a Real Company?
Bittrex crypto exchange said that they will launch an initial exchange offering (IEO) on behalf of RAID signifying an upturn in the rather dwindling cryptocurrency market while fostering global adoption. But are XRD tokens coming from a real company?
Is Bittrex’s First IEO ‘Raid (XRD)’ Coming From a Real Company?

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Source: CoinSpeaker

Okex Announces the Launch of its IEO; Will Inevitably Challenge the Decentralised Exchanges in the Future

Okex has announced the launch of its Initial Exchange Offering for its users: Ok Jumpstart. The IEO of exchange will help new projects and blockchain based projects to launch their tokens on the exchange.
According to their blog post:
By saving the time and resources for getting listed on exchanges, project teams will be able to focus on project development and community management.

We'll be launching #OKJumpstart very soon. Do you know what is an #IEO? https://t.co/AHDlYbZBnu
— OKEx (@OKEx) March 13, 2019

How is an Exchange Offering Different from an ICO?
While the exchange will continue to administer the working of the ‘Exchange tokens,’ an independent, autonomous team is designated the job of working on the Exchange Token.
Furthermore, the Exchange Offering is exclusively open for the exchange users only. While this creates an ambiguity as the exchange is open to the public. However, it gives assurance of KYC and AML compliance along with trust protection to the token holders.
         IEO vs ICO
The exchange reaffirms that an exchange offering is entirely different from an ICO as the exchange is a tangible running model, rather than an idea on a whitepaper. Hence, the chances of it performing, in the long run, are higher.
“Instead, the exchange is risking their credibility when doing IEOs, since it has no control over the IEO project team’s operation and product delivery as promised in the latter’s white paper… This provides an extra layer of protection to contributors.”
Also Read: Bittrex Hosting First Initial Exchange Offering (IEO), Is It Similar to Binance Launchpad?
Furthermore, Exchange Offerings can increase the degree of decentralization for an exchange. It is established as the order books, and the Exchange Token decentrally regulates exchange controls. Moreover, the Exchange acts as physical administrators of the token and the exchange. Hence they can also take immediate action during unforeseen circumstances. The new age exchange offerings from Bittrex and Okex will inevitably compete with Decentralized Exchanges in the future.
The post Okex Announces the Launch of its IEO; Will Inevitably Challenge the Decentralised Exchanges in the Future appeared first on Coingape.
Source: CoinGape

World’s First Initial Exchange Offering Announced by Bittrex

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World’s First Initial Exchange Offering Announced by Bittrex
Bittrex crypto exchange launches an initial exchange offering on behalf of RAID signifying an upturn in the rather dwindling cryptocurrency market while fostering global adoption.
World’s First Initial Exchange Offering Announced by Bittrex

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Source: CoinSpeaker

Bittrex Hosting First Initial Exchange Offering (IEO), Is It Similar to Binance Launchpad?

Amid the current bearish market, cryptocurrency exchanges like Bittrex are walking on a new trend of launching its first Initial Exchange Offering (IEO) on behalf of a blockchain project called RAID. As announced on Monday (March 11, 2019), it would be the first of its kind for Bittrex where it is hosting RAID (XRD) token Sale on its platform via a new concept called Initial Exchange Offering.
Per the latest announcement, Bittrex will launch IEO of RAID project which is a blockchain-powered gaming data startup from South Korea. Accordingly, RAID’s 17 billion XRD token is already delivered to Bittrex exchange with an aim to raise $5.95 million. The exchange is deciding to offer 1 XRD at the cost of 10 Satoshi, whilst setting a minimum purchase of $10 and a maximum of $20,000. The IEO of RAID’s XRD token will begin on March 15, 2019, at 10.00 AM KST time.

What is Initial Exchange Offering (IEO)?
IEO or Initial Exchange Offering is a concept beyond ICO token sale (Initial Coin Offering). unlike ICO where the prices of the token reach sudden sell-off initially, experienced manipulation and contain less security level, IEO is led by the registered cryptocurrency exchange. In this process, a token sale of a project will be hosted by exchanges such as Bittrex, KuCoin, Huobi, etc, on behalf of the project rather than the project itself. By doing so, the exchange ensures higher security level and prevents price manipulation. IEO is an advanced method of conducting the token sale and raising capital with the help of cryptocurrency exchange.
Is it Similar to Binance LaunchPad?
While IEO carries a similar approach that Binance’s launchpad is offering – it doesn’t come in a row of competition for Binance.
As well as that, Changpeng Zhao (CZ), the CEO of Binance Exchange is long time believer on cryptocurrency’s global adoption – as seen on his profile, CZ took to twitter and made a confident statement on Bittrex’s IEO announcement. He adds ‘Glad to see more joining the club’;

Glad to see more joining the club. We firmly believe blockchain fundraising is the killer app. Let’s use it to help our entrepreneurs and #BUIDL our #crypto industry, and other industries after that. (happy to promote a peer to grow the industry) https://t.co/DVbZRAEB7n
— CZ Binance (@cz_binance) March 12, 2019

In a similar tone, CZ responds to a comment that curiously questioned him his interest to list the project on Binance; he says;
The race to see who lists first is overrated, and short term focused. Exchange users are very liquid. They move around all the time. We just focus on improving our products and services for the long run.
Bill Shihara, Bittrex’s founder is also confident on exchange’s security level – thus ensuring its global customer stating that ‘they will have peace of mind’ because the project is backed by Bittrex International trading platform. In similar regards, he says;
“We are committed to increasing adoption and moving the blockchain revolution forward. The ability for projects like RAID to innovate, advance, and promote the gaming industry on our platform is a game changer for all involved,”
To count down the project’s IEO, you can visit here – https://international.bittrex.com/Market/Index?MarketName=BTC-XRD
What’s your view on Binance’s launchpad and Initial Coin Offering? Share your thoughts with us. What do you think of project’s interest, will they prefer Binance’s launchpad over preferring other exchanges with IEO concept? 
The post Bittrex Hosting First Initial Exchange Offering (IEO), Is It Similar to Binance Launchpad? appeared first on Coingape.
Source: CoinGape

Crypto.com Chain [CRO] Price Surges After Bittrex Listing, More Upside in the Long Run?

US-based cryptocurrency exchange, Bittrex has listed Crypto.com Chain (CRO) on its exchange platform since 8th March 2019. The CRO chain trading and transactions are now live on Bittrex.
Bittrex International, earlier known as Bittrex, is one of the oldest and most popular online cryptocurrency exchange portal based out of US. The exchange has enabled FIAT deposits and includes USD, Bitcoin (BTC), Ethereum ((ETH) and USDT (USD Tether) markets.
The influx of fresh volume on a comparatively smaller capped cryptocurrency like Crypto.com chain (CRO) often boost the price of a cryptocurrency. The price of CRO token has increased by almost 60% in the past 24 hours. At the time of launch, Bittrex reports orders executed for 0.00003000 BTC. However, the average gain in 24 hour period as reported on coinmarketcap is 58% at 0.00000530 BTC.
Crypto.com chain Ranked 63 on Coinmarketcap.com
Utility of Crypto.com Chain
Found in 2016, Crypto.com aims to accelerate the adoption of cryptocurrencies. It acts as a bridge between FIAT and Cryptocurrency payments. Merchants who opt to accept cryptocurrency through the App can get credited in any FIAT currency of their choice. The users have the liberty to spend cryptocurrencies and also earn loyalty and transaction rewards offered by crypto.com.
Kris Marszalek, Co-Founder and CEO of Crypto.com said, “The Crypto.com Pay SDK has shipped and we will open the platform to our 400,000 users next week. The CRO token serves as a cross-currency settlement instrument for our native blockchain. Further listings of the token will increase liquidity necessary to support transaction volumes and settlement for our growing list of merchants.”
Crypto.com had also acquired Monaco (MCO) cryptocurrency which is now rebranded as crypto.com. The other product of the firm include MCO VISA cards; these cards can be used to make payments at VISA enabled POS (Point of Sale) devices throughout the world. MCO VISA card will soon start shipping in the US and Europe.
The post Crypto.com Chain [CRO] Price Surges After Bittrex Listing, More Upside in the Long Run? appeared first on Coingape.
Source: CoinGape

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

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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

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Source: CoinSpeaker

UPbit and Bittrex plan on delisting SALT and Wings-DAO [WINGS] from their platforms

The cryptocurrency market is evolving and with new technologies making their debut in the market, exchanges have started taking a stance against coins that register any illicit activities. Recently Binance, the most prominent cryptocurrency exchange, delisted five altcoins – CLOAK, MOD, SALT, SUB, and WINGS – from its trading platform. Bittrex and UPbit joined the bandwagon as they plan to delist both Salt [SALT] and Wings- DAO [WINGS].
UPbit cited low number of users and marketing effort as the reason behind delisting WINGS in a blog post.
 “Wings Dao is a project based on the Big Data-based Cryptographic Pricing Forecast Market, but currently it is impossible to build data based on less than 2 participants per day of service and it is not possible to operate the product. In addition, efforts to promote business at the project team level are weak. We have designated it as an investment interest stock.”
SALT, on the other hand, is being delisted due to an ongoing investigation by local financial authorities over the unfair distribution of tokens, stated the blog. The Blog mentioned the “Significant stocks specify the reason:”
“Eric Bur Heath (Eric Voorhees) the bar received measures that the non-participation in cryptocurrency unauthorized from the SEC was a member, even about the unfair token distribution made to investigate the recent local financial authorities I’m getting. In consideration of this situation, we have designated it as an investment stock.”
The publication speculated that UPbit’s move of delisting tokens might mean Bittrex delisting the tokens as well, as both exchanges list coins at the same time.
The altcoins were delisted from Binance on account of level and quality of development activity, the commitment of the team to the project, evidence of unethical/fraudulent conduct, among other reasons.
SALT is listed in a dozen exchanges, while WINGS would be tradable on at least four other exchanges if they get delisted from UPbit and Bittrex.
The post UPbit and Bittrex plan on delisting SALT and Wings-DAO [WINGS] from their platforms appeared first on AMBCrypto.
Source: AMB Crypto

Upbit & Bittrex May Delist SALT and WINGS Tokens, Following Binance Footsteps

Following the recent delisting announcement of five crypto tokens by Binance exchange, the other leading cryptocurrency exchanges are likely following the suit.
Binance Delisted Five Tokens – including SALT and WINGS
Coingape had recently reported that Binance cryptocurrency exchange set to delist and suspend the trading of five tokens including CLOAK, MOD, SALT, SUB and WINGS due to the failure of performing as per platform’s criteria. However, the announcement appeared on Binance website on Feb 15 and the delisting occurred on Feb 22, 2019, finally. In particular, the potential delisting by Binance is said to be- ‘team’s commitment towards the project, fraudulent conduct and unlike’.
Such token delisting decision of Binance might have struck a ‘fear point’ among the other exchanges – as such, a South Korean cryptocurrency exchange, Upbit have moved few tokens in a special category of assets that are likely be delisting from the exchange. Few of such affected exchange on Upbit are also including those that are recently delisted from Binance – Blocktix (TIX), SaluS (SLS), Salth (SALT) and the Wings (WINGS). To note, SALT and WINGS are the common tokens in Binance and Upbit that seems not performing as per the standards.
Upbit & Bittrex Likely Delist SALT and WINGS Token
Furthermore, the report also revealed that Upbit exchange would seek clarifications from other listed tokens and if found unsatisfactory – it would likely delist those as well. The potential reason for delisting as mentioned in Upbit’s official website is ‘an investigation by local financial authorities due to unfair distribution of tokens by SALT and WINGS platform’. Moreover, it is important to note that SALT is already delisted from several other exchanges while WINGS is waving in trouble.

[Market] Designation notice of Blocktix(TIX), SaluS(SLS), SALT(SALT), Wings-DAO(WINGS) as Investment Warning Crypto-asset. Please see the link for the additional information: https://t.co/OYGNoS58jE
— Upbit Global (@upbitglobal) February 22, 2019

SALT (SALT)
• Market: SALT / BTC, SALT / ETH
• Reason for Designation
: SEC Prevents Eric Voorhees from participating in unauthorized Crypto-asset projects, and an investigation by local financial authorities has recently been conducted on the unfair distribution of tokens. Consideration of this situation, we have decided designation of investment warning Crypto-asset.
Wings-DAO (WINGS)
• Market: WINGS / BTC
• Reason for Designation
: Wings DAO is a project that has been launched on the Big-Data based Crypto-asset pricing forecast market, but it has not been built yet. In addition, efforts to promote business is low. We have decided to designate this as an investment warning Crypto-asset.
However, Binance’s decision isn’t firmly accepted by team SALT as such they took to Twitter the second day of the announcement and goes on stating that the effort to help shape the new economy without considering the number of exchanges, SALT is listed. It says;

"At SALT, we define success not by the number of exchanges on which we are listed, but by our efforts to help shape this new economy." CEO of SALT Bill Sinclair responds to the @binance delisting. https://t.co/ybx9FUIpB2 pic.twitter.com/ICsOYYBUy9
— SALT (@SALTLending) February 16, 2019

In a similar context, WINGS also announced on Twitter as ‘continue implementing the Wings vision’

WINGS responds to @Binance delisting
"We will continue implementing the Wings vision."https://t.co/lU1tSZ6Ypm
— WINGS Foundation (@wingsplatform) February 17, 2019

What’s your stake on both the tokens? and decision by Binance and Upbit? Share your opinion with us.
The post Upbit & Bittrex May Delist SALT and WINGS Tokens, Following Binance Footsteps appeared first on Coingape.
Source: CoinGape

BitTorrent Token Airdrop Takes Off Today, Here’s What We Know About It

CoinSpeaker

BitTorrent Token Airdrop Takes Off Today, Here’s What We Know About It

Tron will start distributing its BitTorrent Token in airdrops, to its TRX holders through the Binance Launchpad platform. The Tron Foundation plans to airdrop tokens for the next six years up to February 2025.

BitTorrent Token Airdrop Takes Off Today, Here’s What We Know About It

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Source: CoinSpeaker

Bithumb Launches Its OTC Trading Desk to Further Target Institutional Investors

CoinSpeaker

Bithumb Launches Its OTC Trading Desk to Further Target Institutional Investors

Bithumb, South Korea’s largest Bitcoin exchange by trading volume, has launched an over-the-counter (OTC) trading platform that will allow deep-pocketed traders to exchange crypto assets off the books.

Bithumb Launches Its OTC Trading Desk to Further Target Institutional Investors

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Source: CoinSpeaker

Binance CEO retaliates to the data breach allegations, calls out media for “irresponsible journalism”

Allegations of KYC data breach flashed all over the internet when CCN first reported having received pictures of the leaked data containing personal credentials of users. Following the suit were other news outlets who reported the same without verifying the source.
Binance CEO, Changpeng Zao, on his tweet, condemned the news portal and called them out for publishing a piece of news without proper verification. He further stated that the original post did not even mention the name of any top cryptocurrency exchanges.
The post originated on the discussion platform – Reddit around six months ago. The post, however, went unnoticed without any upvotes and shares prior to the news portal breaking the news.
Prior to the tweet from the crypto honcho, the global PR manager of the top exchange, Leah Li on a statement said that the pictures released by the news portal have been assessed by a team of experts and had found no such data leak on its platform. Additionally, an independent expert crew also probed into the matter and concluded that the pictures could be from fraudulent sites that pose as a legitimate platform to the users. Also called phishing sites, these platforms steal user’s confidential data masquerading as genuine sites offering the users to open an account with major crypto exchanges like Binance, Bittrex, etc.
According to the report, CCN had received screenshots which appeared legitimate. The three-piece sample was sent by an anonymous user who claimed to be an expert. It had the screenshots of a hacker named ExploitDOT who posted the data on the dark web ‘Dread’ claiming to have KYC credentials held by the top crypto exchanges and attempted to sell off the data at a rate of $10 per 100 document and also provided discounts for bulk.
According to another online news portal – decryptmedia, the hacker in question claimed to have been involved with an online drug market prior to this and allegedly offered to sell a darknet market for an unusually low price of $5000.
The post Binance CEO retaliates to the data breach allegations, calls out media for “irresponsible journalism” appeared first on AMBCrypto.
Source: AMB Crypto

U.S. Crypto Exchange Bittrex Rolls Out OTC Trading Desk Supporting Nearly 200 Cryptos

CoinSpeaker

U.S. Crypto Exchange Bittrex Rolls Out OTC Trading Desk Supporting Nearly 200 Cryptos

U.S. cryptocurrency exchange Bittrex has announced the launch of its over-the-counter trading desk that will facilitate trading between two parties.

U.S. Crypto Exchange Bittrex Rolls Out OTC Trading Desk Supporting Nearly 200 Cryptos

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Source: CoinSpeaker

Upcoming Ethereum Constantinople Hard Fork Already Backed by 19 Exchanges Worldwide

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Upcoming Ethereum Constantinople Hard Fork Already Backed by 19 Exchanges Worldwide

Ethereum is preparing for its next milestone – Constantinople hard fork. The launch is planned in four stages: Frontier (beta stage to develop and test dapps), Homestead (to stabilize the platform), Metropolis (ongoing) and Serenity (upcoming).

Upcoming Ethereum Constantinople Hard Fork Already Backed by 19 Exchanges Worldwide

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Source: CoinSpeaker