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Binance CEO Zhao Changpeng Opens Up His Ambitious Plans for Future Expansion

The cryptocurrency exchange plans to open at least two fiat-to-crypto trading platforms in each continent in next one year slowly shifting towards having a completely decentralized exchange.

1 h
TRON [TRX] gets new listing: Europe’s BitBay adds coin to its platform

Justin Sun, CEO of TRON Foundation, announced that the TRX token will now be listed on BitBay, a European decentralized exchange. TRON [TRX] has joined the likes of cryptocurrencies such as Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC] and Lisk [LSK] that are already being traded on the exchange. Sun added that the following trading pairs were made available since last night – TRX/EUR, TRX/USD, TRX/BTC and TRX/PLN. The new listing on the Polish exchange is expected to widen TRON’s reach in Europe.

BitBay Exchange

Established in 2014, BitBay is a smart contract-based platform and is currently Europe’s third largest crypto trading exchange. The platform at present has a global user base of around 1 million. Currently, TRON [TRX] is the 13th most valuable cryptocurrency in terms of total market value, as per CoinMarketCap data, with a market cap of $1.32 billion. The new BitBay listing may have boosted the coin, which was trading 1.2 percent higher against the U.S. dollar at $0.02, at the time of writing. Quite recently, top crypto exchange Binance had added a new trading pair for the digital token. The new trading pair, TRX/BNB, allows users to easily trade TRX tokens for the exchange’s native virtual currency – Binance Coin [BNB].   See also: Bittrex all set to launch Tron [TRX] and Litecoin [LTC] USD trading pairs  See also: Tron partners with leading cryptocurrency muti-wallet and exchange Image via Shutterstock Join our Telegram group

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1 h
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Binance and Kraken May Be Operating Illegally in NY State

Three crypto exchanges namely, Binance, Kraken and Huobi, may be in violation of digital currency regulations in New York state.

1 h
BNB
Binance Wants to Open Crypto Exchanges on Five Continents

Binance has revealed that it intends to continue its recent spree of expansion, eventually opening “five to ten” fiat-to-crypto exchanges across five continents of the world.

2 h
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Binance reveals plan to launch fiat-to-crypto trading platforms on almost every continent

Binance CEO Changpeng Zhao recently talked about how the exchange grew from a start-up to one of the world’s largest crypto exchanges by trading volume. He also spoke about the future plans of Binance and his thoughts regarding market volatility. On the first day of Coin Desk’s Consensus Singapore event, Zhao shared that by this time next year, the company plans to set up five to 10 fiat-to-crypto exchanges, with two per continent. “Fiat is still where all the money is in. … And we’ve got to open that gate,” he said. The platform’s ongoing efforts to start an exchange in Singapore, which supports fiat-to-crypto trading services, is just the start. The closed testing took place on Tuesday and Zhao hopes the platform will go live within a few months. The vision of setting up fiat-to-crypto exchanges in almost every continent comes at a time when Binance has managed to maintain a healthy income over the past year despite the recent crypto market downturn. Zhao confirmed the same by confirming that Binance had earned a profit of $200 million in the first quarter of this year. He added that profit fell to $150 million in the second quarter, hurt by a decline in the broader market. Binance CEO on the exchange’s rapid growth
Zhao spoke about how the exchange has experienced rapid growth in just a few years, adding that luck played some role in its success. He said that he spent two years with the team to build a cloud-based system, offering crypto exchanges the infrastructure needed to form their own platforms. After those two years, Binance went online – around the time when the Chinese government began scrutinizing crypto trading, which led to the eventual ban on fiat-to-crypto trading and domestic initial coin offerings. “Sometimes negative things could turn out to be positive in the long term if you leverage it right,” Zhao said optimistically. See also: Attorney General’s report implies Binance, Kraken might be violating New York crypto laws Binance to open fiat-crypto exchange in Singapore Image via Shutterstock Join our Telegram group

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3 h
Ethereum-based Brave browser now in the same league as Firefox, Chrome: report

Popular Science, an American quarterly magazine, has listed Ethereum blockchain-based Brave Browser, along with Firefox and Opera browsers, as viable substitutes to Chrome and Safari. Popular Science said: “The Brave browser emphasizes security and privacy. To start with, it comes with a built-in ad-blocker (just remember to whitelist the sites you want to support) so pop-ups can’t weigh down your browsing and websites can’t track you as well. For even more control, Brave features advanced security settings.”

Breakthrough of Ethereum-based browser in centralized systems

The Ethereum-based browser has been brought to the same league as the long-established Firefox and Opera browsers, and has been touted as an alternative to centralized systems. Attaining equivalent status with Chrome and Safari, Brave Browser has cracked the prevailing dominance of existing browsers. Brave functions as a medium between dApps and centralized platforms. Although Brave and Chrome run on the same protocol, Brave’s model is focused on Ethereum and its token, called BAT, has helped it to stay competitive in the browser industry. The Brave ecosystem has tens of thousands of publishers and creators, who are being paid in digital currencies including BAT, Ethereum and Bitcoin. SEE ALSO: Abu Dhabi seeks regulations for cryptocurrency and ICO to deter “financial crimes” SEE ALSO: Attorney General’s report implies Binance, Kraken might be violating New York crypto laws  

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3 h
Tron (TRX) Picks Up Trading Steam With New Listing on BitBay, Breakthrough Pairs on Bittrex and Binance

Tron (TRX) is touting a trio of new listings – two new trading pairs and a new release on one of Europe’s largest exchanges. The leading cryptocurrency exchange Binance just paired TRX directly with Binance Coin (BNB). This allows traders who prefer using BNB as a base currency to trade with TRX instead of having …

12 h
BNB
Kraken CEO compares New York crypto regulator to an abusive ex-partner

Kraken CEO, Jesse Powell, on Twitter has compared New York crypto regulators to that of an abusive ex-partner who continues to stalk the company though they left long ago. Though Kraken left the state of New York 3 years ago, New York still regulates Kraken and its application. After a point, Powell burst up not able to handle their over-regulation. “NY is that abusive, controlling ex you broke up with 3 years ago but they keep stalking you, throwing shade on your new relationships, unable to accept that you have happily moved on and are better off without them. #getoverit,” posted Powell on Twitter. https://twitter.com/jespow/status/1042450533120786432 He posted this in reply to a new report published by the Office of the Attorney General (OAG), New York which allegedly spoke about how his exchange and two other cryptocurrencies are violating crypto regulations. Like other cryptocurrency exchanges, Kraken also left New York after the state adopted the BitLicense regulatory framework. However, the report called as Virtual Markets Integrity Initiative alleges Powell as his team still serving trades to the residents of New York. As a part of the OAG’s probe, Kraken received a questionnaire. Kraken saw it as a challenge and loudly questioned the audacity of the investigation, unlike other exchanges that received the questionnaires but didn’t utter a word. Also, mentioned in the Kraken website were statements that reverted saying that regulators need to show basic respect “The OAG could not review the practices and procedures of non-participating platforms (Binance, Gate.io, Huobi, and Kraken) concerning manipulative or abusive trading. However, the Kraken platform’s public response is alarming. In announcing the company’s decision not to participate in the Initiative, Kraken declared that market manipulation “doesn’t matter to most crypto traders,” even while admitting that “scams are rampant” in the industry,” wrote OAG in the report. See Also: Attorney General’s report implies Binance, Kraken might be violating New York crypto laws Kraken denies rumors of security breach, operations shutdown at Halifax Image via Shutterstock Join our Telegram group

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15 h
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Binance CEO Zhao Changpeng Opens Up About His Ambitions Plans And Future Expansion

The cryptocurrency exchange plans to open at least two fiat-to-crypto trading platforms in each continent in next one year slowly shifting towards having a completely decentralized exchange.

19 h
Blockchain to filter carbon emissions for a greener ennvironment

Carbon emission and its adverse impacts on the environment is a much-discussed global concern for a long time now. Several organizations have attempted so far to control carbon emissions. With the rise in population, the issue is not only persisting but also swelling every passing day. And, as blockchain has made a ground breaking entry in almost every nook and corner, now the advanced technology is being implemented to reign the environmental hazards created by carbon discharges. As reported by Forbes, the employment of blockchain technology will very likely address the roadblocks like transparency, trust & scalability, and also advance the carbon market. Blockchain for Climate Foundation, a startup headquartered in Canada, is dedicated to recover the global carbon markets. The blockchain platform is currently occupied with building a blockchain tool that connects all the carbon accounts. Founder of the not-for-profit startup Joseph Pallant upholds distributed ledger technology as a promising asset in carbon trading all over the globe. Pallant, said: “We want to support and accelerate this goal by building a smart contract protocol that tracks ITMOs leveraging the Ethereum technology stack and scales, to accommodate use by every country in the world. There will be enough data embedded in each of the tokens so the provenance and eligibility of each tonne of emission reductions is clear.” Another company consistently working in the UK carbon markets is Poseidon. With its Stellar blockchain, the company is working to advance the carbon market. Poseidon has come arm in arm with Ben & Jerry’s and Liverpool City Council. Praising the Stellar blockchain technology, Laszlo Giricz, the CEO of Poseidon, said: “When we realised that on the Stellar blockchain transactions could be done in three seconds and at such a low cost, we realized we were now able to transact in grams of carbon. For the first time carbon credits could be integrated into retail transactions at the point of sale.” Partnering with Ben & Jerry’s Icecream, Poseidon could conserve more than 4,000 trees already. And, with Liverpool City Council, the company is striving to slash the city’s carbon emissions by 110% in the next two years. “Along with the City Council we’re going to be working with a range of companies from across Liverpool – including those in the retail and infrastructure sector, schools, transportation services and garbage collection. The goal is to make the carbon cost of every product or service in Liverpool transparent and to provide the opportunity, through our retail interface, for it to be easily offset,” Giricz said.   SEE ALSO: Abu Dhabi seeks regulations for cryptocurrency and ICO to deter “financial crimes” SEE ALSO: Attorney General’s report implies Binance, Kraken might be violating New York crypto laws  

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19 h
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New York Attorney General calls out Binance, Kraken and Gate.io for possible unlawful operations

On 18th September, Attorney General Barbara Underwood released a report titled ‘Virtual Markets Integrity Initiative’, wherein she explained the report as being the result of an inquiry sent to various cryptocurrency exchanges earlier in the year. The three cryptocurrency platforms highlighted by Underwood were Binance, Kraken and Gate.io. The inquiry demanded key information on operations, […]

20 h
BNB
Abu Dhabi seeks regulations for cryptocurrency and ICO to deter “financial crimes”

After almost a year of issuing guidelines on cryptocurrencies and initial coin offerings (ICOs), Abu Dhabi is planning to tighten its regulations for cryptocurrencies and ICOs. The step is being taken in order to avert “financial crime” in the world of digital currencies. The Financial Services Regulatory Authority (FSRA) is sharing its framework with other regulatory bodies across the globe. The regulator of Abu Dhabi started talking about the regulations not only when the global market of virtual currencies is taking an upward graph, but also as the UK is trying to prioritize regulations of the cryptocurrency and ICO space.

What is the FSRA chief executive saying about cryptocurrency and ICO?

Richard Teng, the chief executive of FSRA, believes that the regulations will help to boost the crypto space and develop the virtual currencies responsibly. He said: “This space needs to be properly regulated, otherwise there is the risk of financial crime. Every time a coin gets stolen or lost, it affects the confidence in this asset class.” Adding further, he stated: “We are confident that our comprehensive regime – which we have shared with global regulators like the [US] SEC, the UK Treasury, Financial Conduct Authority and Bank of England, and regulators in Singapore, Hong Kong and Japan – can address these risks and bring greater confidence into this asset class.”   SEE ALSO: Attorney General’s report implies Binance, Kraken might be violating New York crypto laws SEE ALSO: “Exciting times ahead” for Mongolia, says Cardano founder Charles Hoskinson, as it decides to employ blockchain

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20 h
UpBit, largest South Korean crypto exchange to enter Singapore market

Dunamu, the operator of South Korea based cryptocurrency trading platform, Upbit announced the opening of Upbit Singapore next month. This news is reported on 19th September by Yonhap News, a local media outlet. Alex Kim, the CEO of Upbit Singapore has clarified in an official statement that local users of the platform can conduct trading of all the digital currencies. These cryptocurrencies are actually incorporated in Bittrex platform that happens to be its partner exchange. A high level of security will be provided at the exchange having 24/7 supervision on a real time basis. He has mentioned about Monetary Authority of Singapore [MAS],  the nation’s central bank, which is involved in framing regulatory framework to manage crypto market space and about the government’s positive signal towards establishing a blockchain  and crypto domain in the nation. These two factors prompted the South Korean exchange operator Dunamu to take its first step towards Singapore.

Statements of Upbit Singapore head

In Kim’s opinion, since Singapore has opened its arms for the setting up of businesses based on virtual currencies and blockchain technology, hence, crypto exchanges can get a boost to move ahead with blockchain projects. According to the statement of the exchange’s Singapore head, “As Singapore has proactively supported blockchain technology, our advancement into the nation will help us secure many chances to lead a variety of relevant projects and to have global competitiveness.”   Last year, the trading platform has backed fiat pairings against Korea’s national currency, Won in South Korea’s native crypto exchange market space. The presence of the robust banking institutional partners has made Upbit confident about the integration of Singaporean dollar. This will assist in maintaining people’s inclination and demand for cryptocurrencies. In Kim’s words, ‘“We are confident Upbit’s secure and convenient exchange service, combined with the ability to trade in Singapore dollars, as well Bitcoin, Ethereum, and USDT via Bittrex support will allow us to attract users and establish Upbit’s presence in the global market.” See also: Crypto exchanges should pick cryptos with better returns; Upbit CEO  See also: Terra wins backing from Binance, Okex, Huobi, Upbit; raises $32 million to support its stablecoin project Image via Shutterstock Join our Telegram group  

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20 h
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Binance Reveals Plan to Launch Crypto Exchanges on Almost Every Continent

Binance CEO and founder Zhao Changpeng announced an ambitious plan to build 5-10 fiat-to-crypto exchanges in the next year.

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21 h
BNB
Binance and Bithumb Announce New Crypto Listings, Prices React

Bithumb and Binance have announced listings of new coins, with Bithumb stating that Waves (WAVES) and ChainLink (LINK) will be joining its ranks, while

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