Binance CEO Appreciates Competing Exchange On Supporting Binance Chain & BNB

Coinmarketcap’s 7th largest cryptocurrency, Binance Coin (BNB) and Binance’s native Binance Chain has recently received support from the crypto exchange, KuCoin. The Hong-kong based cryptocurrency exchange, KuCoin broke out an announcement on June 18, 2019, stating that it is listing BNB with pairs of BTC and USDT and the trading will be scheduled to happen from June 19, 2019.
KuCoin Supports Binance Chain and Binance Coin (BNB)
Being the crypto exchange, Binance and KuCoin offer similar crypto trading services and by nature both the exchange appears to be in a competing space. However, the announcement of KuCoin’s supporting BNB impressed the CEO of Binance Exchange Changpeng Zhao/CZ who then took to Twitter and appreciated kuCoin by stating ‘Very smart move from KuCoin to support BinanceChain and BNB’. On June 19, 2019, CZ posted on Twitter;

Very smart move from KuCoin to support #BinanceChain and $BNB.
1. Access to many strong projects already (and will be) on Binance Chain.
2. Attract BNB traders and holders, especially users we had not been able to service. https://t.co/7EX5bC1kAR
— CZ Binance (@cz_binance) June 19, 2019

Currently, KuCoin users can access to deposit and trading service of BNB coins whereas the withdrawal feature will be accessible on June 21, 2019, at 18.00 (UTC+8). While KuCoin began supporting BNB which is the native token of Binance, it’s worth to note that crypto community is questioning CZ and Binance on their plan to list KuCoin’s native token (KCS) on Binance exchange.
Nevertheless, Binance CEO jokingly responded to the ongoing discussion between community which hints KCS to get migrated into BNB chain to get listing support from Binance. As a response, CZ adds, ‘Best answer, lol. That may do it.’
Source: Twitter
BNB Surges and Tradest At Over $35
Moreover, the price of Binance Coin (BNB) on Coinmarketcap is quite flourishing today with 1.27 percent over the past 24 hours. The coin currently stands as the 7th largest cryptocurrency which valued at $35 against the US dollar and the current market cap counts at $4,961,569,716.
Image Source – Coinmarketcap
Also Read – Binance Launches a New Cryptocurrency, BTCB, Pegged to Bitcoin
While exchanges like KuCoin finally hit its floor to list BNB, Binance CZ himself is uncertain on BNB’s listing on their new US-based trading platform Binance.US. However, CEO during a live stream on Tuesday states that;
“We’ll work very hard to try to get BNB listed on Binance.US. On the positive side, if you look at Binance Uganda, Binance Jersey, Binance Singapore .. they all have BNB listed already. … But again, until there is an official announcement, we don’t know,”
The post Binance CEO Appreciates Competing Exchange On Supporting Binance Chain & BNB appeared first on Coingape.
Source: CoinGape

Bitfinex Expands Its Ecosystem Launching IEO Platform Tokinex

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Bitfinex Expands Its Ecosystem Launching IEO Platform Tokinex
Today Bitfinex enters the popular business of initial exchange offering (IEO). The first sale on the new platform called Tokinex will be announced this Thursday 23rd May.
Bitfinex Expands Its Ecosystem Launching IEO Platform Tokinex

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Source: CoinSpeaker

Initial Exchange Offerings: The Benefits and Limitations

Coinspeaker
Initial Exchange Offerings: The Benefits and Limitations
In this article, we want to in-depth explain the benefits of IEO for your business and its limitation. Nonetheless, to give ultimate tips on how to run a profitable IEO project.
Initial Exchange Offerings: The Benefits and Limitations

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Source: CoinSpeaker

CoinMarketCap Forms New Alliance, Announces Stricter Listing Policy

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CoinMarketCap Forms New Alliance, Announces Stricter Listing Policy
CoinMarketCap Data Accountability and Transparency Alliance has already been joined by Binance, Bittrex, OKEx, Huobi, Liquid, UpBit, IDEX, OceanEX, Gate.io, KuCoin, HitBTC and Bitfinex.
CoinMarketCap Forms New Alliance, Announces Stricter Listing Policy

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Source: CoinSpeaker

Initial Exchange Offerings: 3 Upcoming Projects to Watch Right Now

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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

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Source: CoinSpeaker

KuCoin Users Can Now Custody Their Own Crypto Assets

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KuCoin Users Can Now Custody Their Own Crypto Assets
KuCoin crypto exchange has entered in a partnership with Arwen to allow its users to custody their crypto assets while trading.
KuCoin Users Can Now Custody Their Own Crypto Assets

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Source: CoinSpeaker

Liquid.com Hits $1 Billion Valuation Closing Its Latest Funding Round

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Liquid.com Hits $1 Billion Valuation Closing Its Latest Funding Round
Owing to the investments made by Bitmain and IDG Capital in Series C funding round, crypto trading platform Liquid.com has become a new crypto unicorn.
Liquid.com Hits $1 Billion Valuation Closing Its Latest Funding Round

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Source: CoinSpeaker

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

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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

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Source: CoinSpeaker

Monero [XMR] paired with Bitcoin [BTC] and Ethereum [ETH] on KuCoin

Monero [XMR], the thirteenth largest cryptocurrency by market cap, gained support from KuCoin, one of the leading cryptocurrency exchange platforms. KuCoin announced the same through an official blog post, which stated that they would be supporting the popular privacy currency on their platform, enabling trading services for the Monero community.
The official announcement read that the coin would be paired along with Bitcoin and Ethereum. Furthermore, the blog stated that the deposits for Monero had already been enabled for its users. Trading services for the cryptocurrency will begin from 26 March at 18:00 [UTC + 8] and withdrawal services will be enabled from 28 March at 18:00 [UTC + 8].
The exchange also warned users about the risks associated with investing in cryptocurrencies, stating that this equates to being a venture capital investor. The exchange also reminded its users that the cryptocurrency market has no opening or closing time like the trading market. More so, the exchange also advised users to be careful before entering the cryptocurrency and blockchain technology space. They said,
“KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence there are still risks when investing. KuCoin is not liable for investment gains or losses.”
Notably, this news came in right after Binance, the largest cryptocurrency exchange by trade volume, and Tor Project announced additional support for the privacy coin.
Earlier this month, Binance announced that they added more trading pairs for Monero; with the coin being paired with Binance Coin [BNB] and Tether [USDT]. This was followed by Tor Project, a non-profit organization, announcing that they would be accepting Monero for donations.
The post Monero [XMR] paired with Bitcoin [BTC] and Ethereum [ETH] on KuCoin appeared first on AMBCrypto.
Source: AMB Crypto

KuCoin Hits its First IEO for MultiVAC Project Resulting Native Token Pumped Higher

Native tokens of Major cryptocurrency exchanges are moving the upside graph of Coinmarketcap following their interest in trending IEO concept. One of such token is KuCoin shares from KuCoin exchange which gains higher value after hosting the first project on Spotlight (The name of KuCoin’s IEO). At the moment, the KCS token has gained 15.17 percent over the past 24 hours.
While Bittrex Suddenly Cancels its First IEO of RAID project, KuCoin took a leap with its Spotlight for a project called MultiVAC. Reportedly, the project is the first of its kind that hosted on KuCoin Spotlight platform. Interested users must hold KCS token and participate in MultiVAC Spotlight/ Initial Exchange Offering – increasing interest in KuCoin’s first Spotlight is likely the strong reason that influenced KSC’s market cap.

Let’s put our Spotlight on MultiVAC!
It’s my pleasure to introduce the pioneering all-dimensional sharding and flexible blockchain to you: MultiVAC, which is also the first project of KuCoin Spotlight. pic.twitter.com/1a3maI8AHM
— Michael Gan (@gan_chun) March 25, 2019

Accordingly, the exchange had successfully completed the Spotlight of META token. Speaking the similar regards, CEO Michael Gan also shared yet another announcement;
We will release the first Spotlight project within 24 hrs. Our derivative trading platform KuMex is also on the way and KCS will play a key role in it. Please stay tuned!!
KCS Token is Rising
As per the data provided by Coinmarketcap, KCS stands at 55th position with the value $1.31 US Dollar. Moreover, the average market cap of KCS token counts $117,746,520.
Source: Coinmarpetcap.com
However, IEO is as equal as Binance’s launchpad – Indeed, Binance is the early player in the crypto market to capture major crypto community with its new updates such as Binance Launchpad, Binance DEX, and Binance Chain. As Coingape reported, OKEx is also following the footprints of Binance exchange and announced its native blockchain called OKChain, OKDEx (decentralized exchange) and OKJumpstart.
So readers, do you think IEO is an effective concept in against ICO? share your thoughts with us.
The post KuCoin Hits its First IEO for MultiVAC Project Resulting Native Token Pumped Higher appeared first on Coingape.
Source: CoinGape

KuCoin Shares [KCS] Soared in Double-Digit After Exchange Announced New IEO

Just like ICO trends owned crypto market in 2017, Initial Exchange Offering (IEO) is booming in 2019. KuCoin has recently joined the party of IEO with many other cryptocurrency exchanges to help blockchain projects raise funds. Consequently, the new IEO platform of KuCoin is called Spotlight just like OKjumpstart of OKEx (as reported by Coingape).
Following KuCoin’s IEO launch, its native token “KCS or KuCoin shares” started soaring the volume on the graph of Coinmarketcap. To make it clear, the idea is that KuCoin’s IEO or Spotlight will only support its native token, KCS meaning, any project that expects to raise funds with Spotlight IEO, will have to use KCS and let users settle transactions.

A new program of us, we name it Spotlight, is coming soon, and we believe it will be a launch platform for hidden gems in blockchain that have real potential and value. pic.twitter.com/SuQRN3WQRu
— Michael Gan (@gan_chun) March 11, 2019

At the moment, KCS is up with 12.16 percent over the past 24 hours. Accordingly, it seeks out to enter the round of 60th largest cryptocurrency, presenting sits on the 61st spot with trading value $1.17. Furthermore, KuCoin shares or KCS token held the average market cap $104,984,455.
Source: Coinmarketcap.com
At the time of reporting, KCS’s trading volume is split on KuCoin’s platform in difference trading pairs including KCS/USDT, KCS/BTC, KCS/ETH. NEO/KCS. XRP/KCS, CS/KCS, LTC/KCS. EOS/KCS and GO/KCS.
Image source – Coinmarketcap
As per the website and official announcement, anyone interested in Spotlight IEO will have to complete KYC in advance. However, not many details on KuCoin’s IEO is available at present. The announcement reads that;
KuCoin Spotlight will officially announce its first Spotlight project within this week. The Spotlight token sale is on a first-come, first served basis. The sale will be based on KCS and the actual price in KCS will be announced on the day of sale.
The post KuCoin Shares [KCS] Soared in Double-Digit After Exchange Announced New IEO appeared first on Coingape.
Source: CoinGape

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

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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

Crypto Exchange KuCoin Delists 10 Tokens as Market Liquidity Declines

The Singapore-based cryptocurrency exchange KuCoin has announced that they are delisting ten crypto tokens under their Special Treatment Rules framework that ensures that the tokens listed on the platform meet a strict set of operational criteria.
The platform’s decision to delist these tokens comes amidst a persisting bear market that is leading many smaller cryptocurrencies to be illiquid, which can lead to a host of problems including increased susceptibility to fraudulent trading activity, including pump and dump schemes.
Token Desisting Becomes More Common Amidst Crypto Bear Market
The crypto bear market that has persisted throughout 2018 has drawn a significant amount of funding away from all cryptocurrencies, but especially smaller ones that are less well known and riskier.
The exchange announced that the ten cryptocurrencies that are being delisted are: Jibrel Network (JNT), WePower (WPR), Modum (MOD), EthLend (LEND), STK (STK), Asch (XAS), Bread (BRD), BitClave (CAT), Bitcoin Gold (BTG) and Mobius (MOBI).
The exchange cited multiple factors that contributed to their decision to delist these tokens, including not meeting the exchange’s requirements regarding token liquidity, roadmap adherence, network security, trading conduct, and solvency requirements.
The exchange first designates tokens as “Special Treatment,” which warns the projects and their investors that they are at risk of being delisted. If the projects fail to confront and solve the issues cited by the exchange, they will be delisted.
Although there are multiple factors that contribute to a token being designated as Special Treatment, liquidity is the primary concern currently, as multiple tokens face dwindling trading activity as the bear market continues to persist.
KuCoin explained the liquidity issue on their Special Treatment page, saying in part:
“The Exchange may delist the ST Project if the Project fails to meet the basic liquidity requirements by the end of the observation period. Correspondingly, if the basic liquidity rises and exceeds the requirement threshold by the end of the observation period, the ST ticker symbol will be removed… The Exchange may, during the observation period, decide to delist the ST Project if the Exchange believes the ST Project fails to take necessary actions to remedy the Negative Situation.”
Trading for the aforementioned tokens was halted on December 24th, 2018, and investors have until March 21st, 2019, to withdraw their tokens to wallets or other exchanges.
Token’s Trading Volume Plummets After Being Delisted
Many investors and analysts alike anticipated that the 2018 crypto crash would result in a “market purge” that would lead many of the nearly 1,700 cryptocurrencies to disappear. The most probable way that this will happen is for the tokens to be delisted by exchanges due to their lack of liquidity.
Following KuCoin’s decision to delist the aforementioned tokens, both their prices and their trading volumes plummeted.
Jibrel Network (JNT) is currently trading at $0.046, down significantly from its weekly highs of $0.065. After being delisted from KuCoin, JNT’s daily trading volume dropped from over $2 million to lows of $60,000.
BitClave (CAT) was also incredibly affected by the delisting, dropping from weekly highs of $0.0024 to lows of $0.000527. CAT’s trading volume is currently near zero.
 As the crypto bear market continues to endure, it is highly likely that many more tokens will see their trading volume disappear as they are delisted from virtually all major cryptocurrency exchanges.
Featured image from Shutterstock.
The post Crypto Exchange KuCoin Delists 10 Tokens as Market Liquidity Declines appeared first on NewsBTC.
Source: New feedNewsBTC.com

CoinSwitch: Best Market Rates in a Single Place

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CoinSwitch: Best Market Rates in a Single Place

With a view to make the crypto space more user-friendly, CoinSwitch helps to convert 400+ currencies across 45,000 pairings within one service.

CoinSwitch: Best Market Rates in a Single Place

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Source: CoinSpeaker

Crypto Week In Review: Bitcoin ETP Launches In Switzerland, KuCoin Scores $20M

Unfortunately, as cryptocurrencies capitulated throughout the week, losing upwards of 15-20% of their value, so did the news cycle. However, it isn’t all doom and gloom, as there were still a handful of developments indicating that the crypto and blockchain industry is far from dead in the water.
Amun Launches Bitcoin, Ether, XRP ETP In Switzerland
After hinting at the product for two months, over the past seven days, it has been divulged that Amun, a London-based fintech firm, will be listing a multi-crypto exchange-traded product (ETP) in Switzerland. The vehicle, fittingly dubbed the “Amun Crypto ETP,” will track the crypto market’s five leading assets — Bitcoin, Ether, XRP, Litecoin, and Bitcoin Cash. Interestingly, while Amun has focused its product on Bitcoin, the undisputed godfather of all cryptocurrencies, the fund will give a relatively-hefty quarter portion to XRP and one-sixth to Ether.
The product is slated to launch on the Zurich-based SIX Swiss Exchange, the European nation’s largest equity market in terms of capital flow. Jane Street and Flow Traders, two “specialist” market makers, have seeded the ETP, while also agreeing to act as authorized participants in the creation and facilitation of the vehicle.
Speaking with Financial Times on the legitimacy and regulatory viability of the product, Amun CEO and co-founder Hany Rashwan noted:
“The Amun ETP will give institutional investors that are restricted to investing only in securities or do not want to set up custody for digital assets exposure to cryptocurrencies. It will also provide access for retail investors that currently have no access to crypto exchanges due to local regulatory impediments.”
In an evident nod to the crypto community at large, the product will trade under the “HODL” ticker, underscoring the fact that Amun likely has its ear close to the ground of this industry, so to speak. Although this is a far cry from the launch of a product of similar stature in America, many see this as a positive sign nonetheless.
However, the exchange-traded product scene has also been heating up in the U.S. as well, with Gabor Gubacs, VanEck’s head of Digital Asset Strategy, recently sitting down with Ran NeuNer of CNBC Africa’s Crypto Trader to discuss prospects for his firm’s Bitcoin-backed ETF. Gubacs explained that VanEck has now “done everything” they could to counteract the Securities and Exchange Commission’s fears of market manipulation, which led to a negative ruling on the firm’s ETF proposal previously.
As such, many are hopeful that VanEck and its partners at the CBOE and SolidX will be able to procure a regulatory green light, before subsequently launching America’s first Bitcoin ETF in early or mid-2019.
Related Reading: Bitcoin ETF Hopefuls Speak to SEC in Closed-Door Meeting
Susquehanna: GPU Ethereum (ETH) Mining Is Now Uneconomical
In mid-August, NewsBTC reported that some forward-thinking students, like Penn State grad Patrick Cines, had once sought it advantageous and profitable to set up shop mining crypto assets in their dorm rooms. But now, Susquehanna, a Pennsylvania-based trading and technology enterprise, has explained that such small operations are far from feasible.
Per data compiled by Susquehanna, relayed through CNBC, the average Ether (ETH) focused graphics card (GPU) miner has seen their profits dwindle to $0 in the month of November, down from approximately $150 last summer. This collapse in profitability can be attributed to the rise in the Ethereum Network’s hashrate, which has more than doubled in the past 12 months, and the ever-growing presence and viability of EthHash ASIC machines.
Susquehanna representative Christopher Rolland explained that even with Nvidia’s flagship GPU, the GTX 1080, the return-on-investment (ROI) provided shouldn’t make financial sense, especially in the long run. And as such, at the current trajectory that profitability is heading, GPU-enabled miners, even those who are looking to accumulate crypto assets for the long-term, will likely flunk out of mining entirely in due time.
However, Tim Copeland from Decrypt Media has since debunked these claims, speaking with a number of mining savants, including Omegapool founder Greg Meszaros, who claim that throwing computational power at Ethereum to obtain Ether can be profitable in some nations.
Regardless, Nvidia’s publicly-traded shares, presumably due to the decline of the GPU mining market, fell by upwards of 17%, due to missed profit forecasts and qualms made apparent by equity analysts. On Thursday, CEO Jensen Huang touched on the effects that mining has had on Nvidia’s business, noting that “the crypto hangover lasted longer than we expected.”
Related Reading: “Crypto Hangover” Causes Nvidia’s Stock to Tumble 17%
Bitcoin Cash Upgrade Activates, ABC And SV Duke It Out
After months of anticipation, crypto investors woke up giddy on Thursday morning, as the scheduled Bitcoin Cash hard fork remained at the forefront of this industry’s mind. In the hours preceding the network upgrade, banter regarding Bitcoin Cash’s proposed future began to ramp up, with everyone and their mother quipping about this conflict.
Related Reading: BCH Fight: Bitcoin Cash Bashing Heats Up, Rivals Duke It Out Ahead of Hard Fork
Interestingly, the Bitcoin Cash network upgrade went live as expected, with the decentralized nature of blockchain networks preventing direct denial-of-service attacks.
Bitcoin ABC, Roger Ver and Jihan Wu’s client of choice, quickly overtook Craig Wright’s “Satoshi Vision (SV)” following the upgrade, which activated during Bitcoin Cash’s 556,767th block. Just 40 minutes after activation and the subsequent hard fork, Joseph Young, a well-regarded crypto journalist, explained that “[it] seems like a win for BCH,” adding that “[there’s] certainly not enough for a 51% attack on BCH… SV nodes reportedly crashing.”
While SV supporters held tight to their liferaft, ABC supporters celebrated, with Vitalik Buterin, co-founder of the Ethereum Project, even joining a livestream of the event to congratulate Roger Ver and his peers.
However, since the NewsBTC report, Craig Wright’s camp has seen a monumental resurgence in mining activity, with SV quickly closing the block height and hashrate gap. Earlier today, as revealed by Coin.Dance, a website launched to monitor the fork, SV temporarily passed ABC in terms of hashrate, which is a first since the upgrade went live. Although ABC has since regained some strength, the block height cap has fallen to 15, down from a jaw-dropping ~50 on Thursday night.

Regardless of the specifics, as a result of the continued confusion around the “true winner” of this fork, BCH has continued to capitulate, indicating that this multi-month conflict instilled more fear than faith in crypto investors at large.

Crypto Tidbits

Google, Target Hacked In Bitcoin Twitter Scam: Early this week, reports arose that the Twitter account of Target, the multinational retailer, had fallen victim to an unfortunate security breach. Although this isn’t news in and of itself, the supposedly-hacked account posted a Bitcoin (BTC) scam in the format that crypto enthusiasts found all too familiar. Although the tweet was was only online for 30 minutes, mainstream media went into a frenzy, taking to their respective sites to essentially lambast hackers and crypto assets. This debacle saw Target and Twitter respond, with the latter explaining that it has implemented the correct measures to prevent such wanton security breaches. However, just hours, if not minutes later, Google’s G Suite Twitter account, responsible for telling consumers about Gmail, Google Drive, Google+, and a number of other popular products, fell victim to the same hack.
Research: ICO Performance Dismal In Q3 2018: A 67-page report from ICORating, a leading crypto analytics startup, has indicated that token offerings suffered through the third quarter of this year. More specifically, funding of blockchain/crypto projects was down to $1.8 billion, a far cry from the $8.3 billion posted in Q2. Even worse, a mere four percent of the 597 ICO-issued tokens were listed on exchanges, with these tokens making up a small portion of the mere 23.15 percent of projects that had more than just a concept, idea, or vision. Reasoning why projects suffered throughout the past quarter, ICORating drew attention to a significant drop in returns (bear market), decreasing levels of transparency from teams, maturation of investors/funds, failure to innovate properly, slow blockchain/crypto adoption rates, and most importantly, the fact that ICO regulation has reached new heights.
KuCoin Scores $20 Million In Funding Round: KuCoin, a Singapore-based, Asia-centric crypto exchange, recently revealed that it secured $20 million in funding from a number of venture capital giants, including Matrix Partners, Neo Global Capital, and IDG Capital, the latter of which led the Series A round. This funding is evidently a sum of utmost importance, as the startup explained that it will use this injection of capital to bolster its services, platform, and products, which are aimed at cryptocurrency investors across the globe. Speaking with Straits Times, IDG Capital’s Young Guo touched on his employer’s KuCoin investment. Guo explained that KuCoin is a “legitimate project led by [a] team with integrity,” before subsequently noting that IDG sees boatloads of potential in blockchain as the world’s next ground-breaking innovation. Or as put by Dan Morehead, CEO of Pantera Capital, in a recent Bloomberg interview, “[crypto will become an] industry serial killer.”

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