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TRON pledges to donate an initial amount of $3 million to Binance BCF

Binance-initiated Blockchain Charity Foundation (BCF) announced a partnership with the United Nations Development Programme (UNDP) last month. During that time, TRON founder Justin Sun extended his support to BCF and UNDP. Now, TRON has pledged to donate an initial amount of $3 million to BCF.

The BCF-UNDP partnership will support the application of blockchain technology for social good and it started with an initial donation of $1 million to UNDP. Meanwhile, TRON had promised to play a strategic role in leveraging blockchain technology and develop solutions for charity and to achieve Sustainable Development Goals. In a recent Medium post, Binance mentioned that BCF – its charity wing – is dedicated to making global sustainable development more impactful and efficient with the help of blockchain. The exchange believes that the use of blockchain technology in the charity ecosystem will create a transparent system for donation distribution. BCF started as Binance CEO Changpeng Zhao (CZ) saw a distinct lack of transparency in the charity space and often, donations did not reach people who needed the funds. “We’re taking this opportunity to turn CZ’s vision into reality: Binance is building a fully transparent donation platform that enables traceable ad flexible multi-currency donations recorded on the blockchain,” the trading platform stated. Justin Sun and CZ, will reportedly attend the World Investment Forum, organized by the United Nations Conference on Trade and Development (UNCTAD) on October 24. At the event, they will speak about fundraising and how blockchain technology can help in achieving sustainable development goals, during the Blockchains for Sustainable Development forum organized by BCF. See also:

Binance delists four altcoins including Bytecoin [BCN]

Tron aims to work together with Binance BCF to accelerate massive adoption of blockchain Image via Shutterstock Join our Telegram group

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Tron pledge to donate an initial amount of $3 million to Binance BCF

Binance initiated Blockchain Charity Foundation (BCF) announced a partnership with the United Nations Development Programme (UNDP) on September 25. During that time, Justin Sun, Founder and CEO of Tron extended his support to BCF and UNDP. Now, it’s announced that Tron has pledged to donate an initial amount of $3M to BCF. Unbankda broke the news tweeting, “EXCLUSIVE: @Tronfoundation announces $3M pledge to the Blockchain Charity Foundation (BCF), following @binance listing fees commitment. @justinsuntron and @cz_binance will attend the World Investment Forum to further discuss blockchain’s role in charity.” It was later retweeted by Justin Sun. The BCF and UNDP partnership is to support the application of blockchain technology for social good and it started with an initial donation of $1 million USD to UNDP. On the other hand, Tron promised to play a strategic role in leveraging blockchain technology and develop solutions for charity and Sustainable Development Goals. “TRON has pledged to donate an initial amount of USD$3M to BCF to be used towards advancing blockchain efforts for charity,” according to the official press release. In a recent Medium post, Binance mentioned that its charity wing, BCF is dedicated to making global sustainable development more impactful as well as efficient with the help of blockchain and Binance believes that the use of blockchain technology on the charity ecosystem will result in a transparent system of donation distribution. BCF started as Changpeng Zhao (CZ),  Founder & CEO of Binance, saw a distinct lack of transparency in the field of charity and that often donations often did not reach people who needed. Binance wrote in the post, “We’re taking this opportunity to turn CZ’s vision into reality: Binance is building a fully transparent donation platform that enables traceable ad flexible multi-currency donations recorded on the blockchain.” Justin Sun and CZ, will reportedly attend the World Investment Forum, organized by the United Nations Conference on Trade and Development (UNCTAD) on October 24. According to the press release, the two leaders would be speaking about fundraising and how Blockchain technology can help in reaching the sustainable development goals, during the Blockchains for Sustainable Development forum organized by BCF. See also:

Binance delists four altcoins including Bytecoin [BCN]

Tron aims to work together with Binance BCF to accelerate massive adoption of blockchain Image via Shutterstock Join our Telegram group

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Stellar Lumens [XLM] surges following Coinsuper listing

Coinsuper, a Hong Kong-based fiat-to-crypto exchange, had announced earlier in the week that it would list Stellar Lumens [XLM], the world’s 6th largest cryptocurrency, on its platform. Following the announcement, the coin posted solid gains in an otherwise dull week for the crypto market.

This week started off with major coins covering lost ground after last week’s debacle, which saw the collective market shave off $20 billion in total value in a matter of days. The top three coins surged past weekly lows at the start of the week and began to stabilize by Wednesday. Currently, only two coins in the top ten are trading in the green – Ripple’s XRP and Stellar Lumens. The latter is making significant strides since Coinsuper’s listing, rising in excess of 5% with the bullish momentum likely to continue. Coinsuper announced that Stellar Lumens can be traded in two pairs – XLM/BTC and XLM/ETH – with the trades commencing from Tuesday.

XLM/USD

The key support level for the coin was traced at $0.2189, which it last touched on Monday. The key resistance level of XLM was noted at $0.2411 and the altcoin is currently trading 3.7% above this level. The MACD shows that the digital asset is in a bullish swing, while the 100 EMA line indicates a mild upswing. The hourly RSI indicator stands at 61.55, which suggests that the virtual currency is nearing overbought levels. The trading range of XLM is noted at $0.2488-$0.509, with the coin hovering slightly closer to the higher extreme. At press time, the coin had surged by 5.1% against the U.S. dollar and was valued at $0.2507.

XLM

XLM/BTC

At the time of writing, the digital currency had edged up close to 6% against Bitcoin [BTC] and currently, one XLM is equivalent to 0.00003702 BTC.

Market Capitalization

At 0500 UTC on Monday, the total market capitalization of the crypto stood at $3.95 billion and in just two hours, the coin surged 8.7% past the $4 billion mark. Since then, the market cap has risen by 6.1% and currently stands at $4.56 billion.

XLM

Stellar Lumens [XLM] Price Prediction 2018

  • According to WalletInvestor, in the space of 1-year, the price of XLM will rise to $0.4073 and in a span of five years, the price will surge by 364% to $1.21.
  • Investing Haven adopts a very optimistic outlook when it comes to Stellar Lumens; it predicts that the coin will be as high as $4 this year.
  • The Economy Forecast Agency, which has a more conservative forecast, has predicted that the digital currency will drop to $0.15 this year.

Stellar Lumens [XLM] Latest Updates

  • Stellar Lumens and Dash were given the green signal by BitGo, a California-based cryptocurrency custodian that helps investors store cryptocurrency holdings.
  • StellarX, the Robinhood-like free trading platform based on Stellar, has begun trading operations and is now fully functional.
  • Circle Invest app recently added XLM to its portfolio along with EOS [EOS], Qtum [QTUM] and 0x.

See also: Crypto asset custodian BitGo adds support for Dash, Stellar to follow soon See also: Stellar to get their first full-featured trading app, know all about StellarX See also: Stellar Lumens, EOS, Qtum & 0x now available on Circle Invest app Image via Shutterstock Join our Telegram group

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Trecento Blockchain Capital partners Coinschedule to create Joint investment fund

Trecento Blockchain Capital, an asset management company has joined hands with the British blockchain portal Coinschedule to launch a joint investment fund called “Coinschedule Trecento BC Fund”, which will invest in early-stage blockchain companies including token offerings and equity-based deals, according to a press release on Wednesday. With an aim to find the best ICO projects, Coinschedule came into being in 2016. The company strives to provide useful and transparent information on ICOs, helping users find projects that have a great potential for success. The company developed a TrustScore algorithm which determines the risk associated with any ICO. Higher the TrustScore, better is the chance for that ICO to fare well in the long run. The launch of this joint fund will use Coinschedule’s expertise to help select the best potential investment and Trecento will then assess the opportunity before coming to any decision to invest. “We are very excited to partner with such a successful team that can bring all their expertise and best practices from the traditional financial markets into the blockchain world,” said Alex Buelau, CEO of Coinschedule. Trecento BC was launched in 2018 by siblings Alice and Adrien and is dedicated to fostering investment in the blockchain sector and the company vies to become one of the leading names in asset management space. Speaking on this new development, Alice Lhabouz, founder of Trecento said “We are looking forward to helping fund incredible blockchain projects at a time where many promising teams are finding it hard to raise capital. Partnering with Coinschedule will enable us to find the needle in the haystack.” The aim of this fund is to facilitate the investment for institutional investors who want to make the most of the opportunities that blockchain presents. This fund will give them a regulated and professional investment fund. The two companies are working closely to finalize the details of the deal and the ‘Coinschedule Trecento BC Fund’ will be launched in the coming weeks. See Also: Ethereum might drive widespread blockchain adoption like the Internet: Fintech CEO Deloitte analyzes five vectors that will pave the way for mass blockchain adoption Image via Shutterstock Join our Telegram group

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XRP
Gates Foundation partners Ripple to implement interledger protocol

Ripple seems to be expanding its reach and making rapid strides in fostering adoption of its technology. In one such move, the Bill and Melinda Gates Foundation has strengthened its ties with Ripple and reiterated its aim to work closely with the company to implement the Interledger Protocol (ILP) in an attempt to reach out to the downtrodden and impoverished sections of the society. In a tweet on Wednesday, Miller Abel, Deputy Director and Principal Technologist at the Gates Foundation said, “We are partnering w/ @ripple and @coil to implement the #Interledger Protocol & explore ways #Mojaloop can support pro-poor payment systems.”    https://twitter.com/MillerAbel_/status/1052576971459321857 To level the economic playing field, and provide the benefits of financial services to the impoverished section of the society, Ripple entered into a partnership with Dwolla, ModusBox, Software Group and Crosslake Technologies to develop Mojaloop and this move was ably supported and funded by the Gates Foundation. It uses Ripple’s underlining technology and Interledger Protocol to transact between different financial networks. The main aim of this collaboration is to leverage the power of Interledger Protocol (ILP). Mojaloop can be used to connect customers, merchants, banks, providers and government offices across a country’s economy—accelerating the process of establishing a truly inclusive economy and society. In another development on Wednesday, Nexo, a crypto-backed loan provider, backed by the Fintech group Credissimo announced that Ripple (XRP) has been added as the latest collateral option for its loan facilities. This latest move by Nexo gives Ripple users the freedom to borrow against their XRP tokens instead of selling the tokens.  Nexo twitted: “XRP-backed loans are now available on the Nexo platform, making us the first and only crypto lender to onboard #XRP as collateral. Get instant access to cash while keeping the upside potential of your XRP! #HODL #Ripple”  https://twitter.com/NexoFinance/status/1052583334713466885 Highlighting the benefits of adding XRP as a collateral option Nexo says, “This makes HODLing XRP even more straightforward, as it eases selling pressure and provides the most tax-efficient model for managing personal finances.” Nexo, the world’s most advanced instant crypto-backed loans provider, is the only company in the blockchain space to service 200+ jurisdictions in 40+ currencies. See Also: Ripple Technology to help Bill Gates’ Foundation in serving the unbanked Former Ripple CTO’s brainchild Coil launches closed beta Image via Shutterstock Join our Telegram group

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TRX
Over 500k users on Tron mainnet, growth steady at 100k per month

Tron [TRX] Foundation which is the parent organization of the 11th largest cryptocurrency in the world is on an upward slope and its popularity seems to be growing with each passing day. While the debate surrounding cryptocurrencies never seems to die down, Tron seems to be unfazed and moving in the right direction with its Founder and CEO Justin Sun leading the charge from the front. While at times he has been criticized for his flamboyance and showmanship, it remains a fact that his insatiable thirst and zeal to take Tron to the top of the pile is infectious. Well, he was back with another new announcement. Justin Sun took to Twitter on Wednesday to announce that the Mainnet accounts of Tron have surpassed 500k whereas the growth is steady at 100k per month. https://twitter.com/justinsuntron/status/1052515342000349186 Tron has been in the news off lately and there seems to be no stopping it. It has entered into several high profile partnerships and rumors are rife that the company might have entered into a secret pact with Chinese search giant Baidu.  While there’s nothing official to back this rumor, Justin Sun first sparked the rumor with an announcement on Twitter, which said that the forthcoming partnership would be with a company valued in the billions. Speculations started making rounds after EWS reported that this might be Justin Sun’s most ambitious move yet and the cryptocurrency leader was in talks with Chinese Google equivalent, Baidu which controls over 66 percent of all internet searches. EWS cited a tweet from CoinNess which said that a partnership had been confirmed between Tron and China’s IT giant Baidu, which will be officially revealed by Baidu Cloud next week. Tron’s acquisition of BitTorrent is another such partnership which highlights its strategic plans. Tron plans to enhance the decentralized BitTorrent protocol, which has over 100 million monthly active users. On Tuesday, the Tron Foundation came up with yet another announcement which stated that its website for TronGrid is now live. The website will provide its developers easy access to the Tron Network and it will help them with the creation and the release of dApps, and smart contracts. https://twitter.com/Tronfoundation/status/1051986170849239040?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1051986170849239040&ref_url=https%3A%2F%2Fglobalcoinreport.com%2Ftron-trongrid-live%2F Well, the race is on and Tron seems to be going at full throttle, which is a positive sign for the community and the crypto industry on the whole. See Also: Users can now store TRX using Morph as TRON partners with multi-wallet New partnership of TRON involves cloud computing provision, not blockchain: report Image via Shutterstock Join our Telegram group

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BNB
Chainalysis and Binance join hands to fight money laundering

A decade has passed and cryptocurrencies have come a long way from its humble origins and pose a serious threat to the traditional monetary framework. While there are skeptics who question its viability, efficiency, and security aspects, there are others who think that the positive aspects of cryptocurrencies far outweigh its shortcomings and it’s only a matter of time before this innovation becomes a part of our daily existence. The nagging fear of the use of cryptocurrencies for money laundering and other illicit activities pose a clear and present danger and to overcome this we need a cohesive from all the stakeholders in this space. Taking a step in this direction, Chainalysis, the leader in providing compliance and investigation solutions has entered into a tie-up with Binance, the leading name in crypto exchanges. This was revealed by Chainalysis in a press release on Wednesday. According to the press release, Chainalysis will use its suite of compliance software to help Binance tackle the growing concern about money laundering and compliance issues in an effective way. Chainalysis’ compliance (Know Your Transaction) software is the most effective solution to monitor and keep a track of real-time transactions. The software takes into account a number of things like pattern recognition, proprietary algorithms, and millions of open source references to identify and detect any suspicion of fraudulent activity. Speaking about this partnership, Wei Zhou, CFO at Binance said, “By working with Chainalysis, we are able to continue building a foundational compliance program that enables the next phase of our growth. Our vision is to provide the infrastructure for a blockchain ecosystem and increase the freedom of money globally while adhering to regulatory mandates in the countries we serve.” Having the backing of Wall Street giant Benchmark, Chainalysis received $16 million in venture capital funding in April to expand its coverage of cryptos. Serving more than 150 entities in the cryptocurrency arena, Chainalysis boasts of a pedigree that is unparalleled in the cryptocurrency arena. In another development on Wednesday, the leading crypto exchange completed its fifth quarterly burn. As a result of the token burn, the total supply now stands at 192.443 million BNB. “In accordance with our whitepaper, we have completed our 5th quarter token burn of 1,643,986 BNB (roughly $17MM USD equivalent),” the official statement read. See Also: Binance Uganda: Crypto exchange opens its first fiat-to-crypto exchange Binance delists four altcoins including Bytecoin [BCN] Image via Shutterstock Join our Telegram group

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Stellar Lumens [XLM] technical analysis and price prediction 2018, 2020

Stellar [XLM] prices is on a steady rise today. The coin has broken out from its resistance level traced at $0.244. XLM which was running lows in the previous week has managed to break free from a bearish trend to trade in the bullish zone.

XLM/USD

Stellar prices has been on a steep rise since yesterday. Buyers are in charge of the market and the MACD indicates a strong bullish momentum for the prices. The RSI indicator suggests healthy buying of the cryptocurrency. The 100 EMA line trading at $0.231 is exhibiting an uptrend. The coin is currently trading at $0.246 and is rising against USD by 3.28%. The prices are eyeing the $0.26 handle. XLM Chart

XLM/BTC

The digital asset is rising against BTC by 6.39%. Currently, one XLM is equivalent to 0.00003643 BTC.

Stellar Lumens [XLM] Price Prediction 2018

  • According to Wallet Investor, which updates prices and predictions every 3 minutes, the one year price forecast of XLM stands at $0.351 and a five-year forecast stands at $0.974. According to Monetize.info, the coin’s price could reach $2-$3 this year.
  •  The Economy Forecast Agency, which has a more conservative forecast, has predicted that the digital currency will drop to $0.15 this year.
  • Investing Haven has forecast that the crypto could trade at $4 this year, as long as there aren’t any major security flaws and the overall sector performs well.

Stellar Lumens [XLM] Latest Updates

  • Stellar Lumens and Dash were given the green signal by BitGo, a California-based cryptocurrency custodian that helps investors store cryptocurrency holdings.
  • StellarX, the Robinhood-like free trading platform based on Stellar, has begun trading operations and is now fully functional.
  • Circle Invest app recently added XLM to its portfolio along with EOS [EOS], Qtum [QTUM] and 0x.

See Also: Decred hands over control of treasury worth over $20 million to investors

New tracker shows users need to pay 5% more Tether [USDT] than USD to buy Bitcoin

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Decred hands over control of treasury worth over $20 million to investors

Decred [DCR], the open source cryptocurrency, has announced the launch of Politeia, a decision making system which will help foster self governance in the company. The Politeia project will grant the authority of the Decred treasury, which holds more than $20 million DCR, to the Decred community. This will boost community autonomy and help the company realize its goal of decentralized sovereignty. The Decred’s $20 million treasury account, which were under the sole custody of  Decred’s development organization is now under the control of stakeholders. They can now distribute these funds as required after a voting process. “The direction of Decred now lies with the collective intelligence and creativity of its stakeholders. We look forward to the exciting projects our community will propose,” said Jake Yocom-Piatt, Decred Project Lead, according to a press release. Politeia is a decision making system which is built to create an efficient self governance infrastructure. The new system will help reach decisions regarding new project proposals and also welcomes new ideas from the community. Politeia will facilitate the discussion and approval/rejection of proposals including budgetary expenditures, development of software features, marketing plans, and higher-level policy decisions such as constitutional amendments. Decred community members who wants to be a part of the new system has to create an account to comment on a proposal or to submit a new one. Valid proposals will pass through a review process where the proposals would be discussed and ratified. The system also enable the proposals to be edited based on the community feedback. The reviewed proposals are then ratified or rejected based on the outcome of a voting process which is initiated after the review of the proposals. Stakeholders can vote if they possess live tickets which enables them to vote through their wallet window. “Under Politeia, no one knows when one of their tickets will get chosen to vote. That incentivizes users to keep decred staked so they might be picked to vote and earn extra coins. The underlying assumption is that people with skin in the game will be incentivized to participate. Ultimately, the goal is to set the stage for other organizations — not just blockchain companies or cryptocurrencies — to use Politeia as their go-to governance mechanism,” said Chris Burniske, Partner at Placeholder VC. Decred is aiming to expand the outreach of Politeia to all companies in the world as their ‘go-to governance mechanism’. Politeia brings about a democratic approach to the decision making process within the organisation. It involves the stakeholders even in the budgetary meetings proving that the company has sworn to accomplish true decentralization.

See Also: New tracker shows users need to pay 5% more Tether [USDT] than USD to buy Bitcoin

Bitfinex rolls out new fiat deposit system amid Tether debacle

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CryptoDaily; Apple, Binance, Bitcoin, TRON, Tether, BitcoinCash, Bitfinex, Coinbase; October 17, 2018

  BLOCKCHAIN NEWS   New partnership of TRON involves cloud computing provision, not blockchain: report TRON founder Justin Sun recently teased the community by stating that it was partnering with an “industry giant”. It was followed by wide speculation in the community, with some strongly suggesting that TRON is partnering with Baidu, China’s largest internet search provider. Read more Apple co-founder Steve Wozniak joins a blockchain investment firm Steve Wozniak, the tech icon and co-founder of Apple, has ventured into the fray of blockchain. Wozniak is now the co-founder of EQUI Global, a venture capital (VC) firm powered by blockchain technology. Announced via a Medium post, the company describes itself as a “venture capital tech innovator”. EQUI Global aims to disrupt the VC space, which it deems too traditional for the modern age. Read more CRYPTOCURRENCY NEWS Fastest among all cryptos: Nano [NANO] adds $20 million to its market cap Nano’s rise today has become the talk of the crypto community. Nano [NANO] has hiked by 13% and has added over $20 million to its market cap. The cryptocurrency’s performance in the market has been praised by many. It emerged as the winner of the cryptocurrency race in August outperforming the top 30 cryptocurrencies by market capitalization. Read more Binance burns $17 million in BNB for its 5th quarter burn In early 2017, when Binance first released its whitepaper, many were attracted by the proposed quarterly buyback policy of the exchange. The process in which Binance would be allocating 20% of its profits to buy back its token BNB at market values apparently to please investors. This would go on until they bring back and destroy 50% of the total BNB. After the process, only 100 Million BNB will be left. Read more New tracker shows users need to pay 5% more Tether [USDT] than USD to buy Bitcoin The Tether debacle has stirred the crypto community. While some suspected something was wrong with Tether[USDT] on account of repeated controversies surrounding the coin, others chose to believe in the world’s leading stable coin in the crypto market. It was not until a few days ago that the crypto token, whose value is pegged to $1, lost its stability and slipped by 5% in the market – dropping below the $1 mark. Many have said that the eighth largest cryptocurrency in the world is losing its charm and has begun its downfall. Read more Cryptocurrency lending firm Nexo denies close association with Tether [USDT] Nexo, a cryptocurrency lending firm, recently shared on Twitter about its relation with the USD-backed stable coin Tether [USDT]. Nexo stated that the company has never held any significant amounts of USDT on its balance sheet. This came after a fresh round of speculations arose last week regarding the status of Tether [USDT] being fully backed by dollars. Tether Ltd, the company that issues USDT tokens, has repeatedly affirmed that each USDT coin is backed by dollars. However, the company has failed to provide proof of its dollar holdings.  Read more CoinText wallet facilitates Bitcoin Cash [BCH] transactions via text message for Argentina, Turkey users CoinText has started offering a new SMS-based Bitcoin Cash wallet service in Turkey and Argentina. The dire economic conditions in these two countries have resulted in a sharp rise in the use of cryptocurrency. “Bitcoin is better money,” said Vin Armani, founder and chief technology officer of CoinText, in an online statement. “Many Turks and Argentinians already understand this due to high inflation. We are excited to provide tools to help them use cryptocurrency.” Read more Following Coinbase listing, 0x [ZRX] surges by a whopping 33% Coinbase, one of the largest crypto exchanges in the world, has announced its support for 0x [ZRX], currently sitting on the 22nd spot in terms of market cap. Announced via a Medium blog post, Coinbase said that it will begin to support ZRX via its Android and iOS applications. Customers can now trade or simply send and receive 0x, in addition to coins such as Bitcoin [BTC], Bitcoin Cash[BCH], Ethereum [ETH], among others, as stated by Dan Romero, vice president and GM of Coinbase Consumer in the blog post. Read more Bitfinex eyes Hong Kong-based Bank of Communications as its new banking partner After briefly banking with HSBC through a private account via Global Trading Solutions, Bitfinex is eyeing at banking with Hong Kong-based Bank of Communications through a private account via Prosperity Revenue Merchandising Limited, according to a report by The Block. Citibank is the moderator between the two in terms of US Dollar wire transfers to the exchange. Read more Russian hacker faces criminal charges for illegal Bitcoin mining A hacker, 21 years of age is facing criminal charges for illegally mining Bitcoin (BTC) by hacking the government-owned servers, according to a local news report on Tuesday, citing the regional office of Russia’s Federal Security Service (FSB). It was found through constant investigation that the hacker hacked public administration servers in three Russian regions. When the intruder tried to hack the equipment of Internal Security Division in the city of Yaroslavl, he was caught in the act. Read more Users can now store TRX using Morph as Tron partners with multi wallet Tron recently partnered with Morph multi wallet which assures to deliver a safe and simple place to store TRX. TronFounder, Justin Sun, took to Twitter to share the news with the community. In his words, “Thanks for the support to #TRON. You can start storing your #TRX on Morph now! $TRX”. According to the official post by Morph, “Create a TRX wallet, send, receive and convert your Tron in a few quick and easy steps. The cross platform wallet is available on both Android and iOS with a web client in the works.” Read more Media startup Civil’s token sale fails to take off The token sale that was meant to write a new chapter in the evolution of online journalism seems to have not taken off and the worst that was feared has come true. There was a certain sense of anticipation mixed with a tinge of uncertainty when Civil unveiled its ambitious plan to sell $8 million worth of its cryptocurrency, called CVL. But it seems that Civil’s initial coin offering (ICO), which was meant to fund a new economy of journalism based on blockchain failed to attract sufficient interest. This was announced by the company in a Medium blog post today. Read more DLT capable of supporting 100 million trades per day: DTCC study The Depository Trust and Clearing Corporation (DTCC), a firm that provides infrastructure services to financial markets across the world, has released a new study that demonstrates that distributed ledger technology (DLT) is capable of supporting 100 million trades as average trading volumes per day in the US equity market. The study was conducted by Accenture and powered technology by Digital Asset (DA) and R3. It proved that DLT can perform transactions at a very high rate compared to public block chains. Read more Coinbase announces support for 0x protocol [ZRX] token One of the leading cryptocurrency exchanges in the world, Coinbase announced on Tuesday that it now supports ZRX at Coinbase.com and in the Coinbase Android and iOS apps. This announcement was made by Coinbase in its Medium blog. The customers can now buy, sell, send, receive, or store ZRX, along with Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. While this service will be available in most jurisdictions, it will not be available for residents of the United Kingdom or the state of New York initially. They will have to wait for some more time. Read more Gaming platform Plair partners Safe Haven to boost VeChain’s ecosystem In a major strategic decision, Plair has announced a strategic alliance with Safe Haven. This was made public by the company in a Medium blog on Tuesday. According to the blog, Plair and Safe Haven’s foundations will do a strategic token swap to support the Safe Haven, Plair, and the VeChain ecosystem. The blog goes on to add that the company’s public sale will be held on the ThorBlock platform. Read more Huobi lists four new stablecoins: PAX, TUSD, USDC, and GUSD Just like OKEx, Huobi has also listed four coins at roughly the same time. The coins include Paxos Standard (PAX), True USD (TUSD), USDCoin (USDC), and Gemini Dollar (GUSD). Beginning this Friday, the fifth largest crypto exchange by trading volume will start accepting deposits of the four stablecoins, according to an announcement made by Huobi Global. Read more BlockFi backs Litecoin[LTC] as collateral and GUSD as loan funding option BlockFi, the leading crypto-to-USD lender, which creates lending and debt products for cryptoasset owners will now support Litecoin (LTC) as collateral and Gemini’s GUSD stablecoin as a loan funding option, according to company’s Medium blog post. This marks the company’s first expansion of accepted collateral into top 10 cryptocurrencies. Read more Bitfinex rolls out new fiat deposit system amid Tether debacle Bitfinex, the second largest crypto exchange by market cap has rolled out its new fiat deposit system, revealed the company’s official blog. The exchange had yesterday announced that they had paused all fiat deposits for certain users. They had also mentioned that the company was planning to create a new and robust fiat deposit system to improve the efficiency of fiat deposits on their exchange platform. Read more EOSBet security breached again: Hackers steal 65,000 EOS Gambling dApp EOSBet, which runs on the EOS blockchain, has been compromised yet again in another blow to the EOS community. According to a report by TheNextWeb, the hackers have taken advantage of another vulnerability on its smart contract, robbing EOS wallets of $338,000. The EOSBet team has said that they have patched the smart contract vulnerability of EOSBet and many other contracts. Read more Bakkt snaps up Coinbase’s Adam White; on track to start testing next month Bakkt, the much-awaited digital asset platform, is gearing up to set the crypto space ablaze by bagging big names in the blockchain and tech industry. Confirming recent media reports, Bakkt said in a blog post on Medium that it has appointed former Coinbase executive Adam White as its chief operating officer. White will begin his stint at Bakkt next month. He had previously served as vice president and general manager of leading crypto exchange Coinbase. Read more Image via Shutterstock Join our telegram group

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Fastest among all cryptos: Nano [NANO] adds $20 million to its market cap

Nano’s rise today has become the talk of the crypto community. The price of Nano [NANO] has spiked up 13%, adding over $20 million to its market cap. The cryptocurrency’s performance in the market has been praised by many. It emerged as the winner of the cryptocurrency race in August, outperforming the top 30 cryptocurrencies by market cap. The coin’s bullish swing on Wednesday is attributed to its transaction speed. It has topped all cryptocurrencies, emerging as the fastest cryptocurrency in terms of transaction speed. Bitcoin Kit, a website which provides cryptocurrency tools and services, has published a transaction speed test which ranks cryptocurrencies according to their transaction speed. The digital asset is featured on the top of the list, with an impressive three second deposit time. Notably, Nano has surpassed all major cryptocurrencies including Ripple’s XRP and Stellar Lumens [XLM], which specialize in speedy transactions. While NANO takes only three seconds to complete a deposit, XRP and XLM take five and ten seconds, respectively. Other major coins such as Litecoin and Ethereum appear further below the list, taking 15 seconds to complete a transaction.

Following the news, Nano started scaling higher, breaking out from key resistance levels. The coin, which was trading around $1.95 at the beginning of the day, is now trading above $2 – a key resistance level. The hourly RSI indicator suggests that the coin is currently overbought. Unlike other cryptocurrencies, Nano uses a Directed Acyclic Graph (DAG) block-lattice architecture, which enables each user to have his/her own blockchain interlinked to other blockchains. The coin’s blockchain records account balances instead of tracking account transactions, thereby reducing the amount of data to be stored. This increases the scalability of the blockchain, thus speeding up transactions.

See Also: New tracker shows users need to pay 5% more Tether [USDT] than USD to buy Bitcoin

Bitfinex rolls out new fiat deposit system amid Tether debacle

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Users can now store TRX using Morph as Tron partners with multi wallet

TRON recently partnered with Morph multi-wallet, which offers a safe and simple destination for storing TRX. TRON founder Justin Sun took to Twitter to share the news with the community:

“Create a TRX wallet, send, receive and convert your Tron in a few quick and easy steps. The cross platform wallet is available on both Android and iOS with a web client in the works,” an official post by Morph stated. The wallet will also allow its users to convert between digital assets quickly. It can be done “with their sleek and simple integration of Changelly”. The wallet is capable of supporting top coins by market cap and “is aggressively adding more and more making it the only crypto app you’ll ever need,” according to the post. Users can buy TRX and other coins directly into the wallet from the app, which is “coming soon”. Morph wallet boasts of safely storing other cryptos such as Ethereum [ETH], Bitcoin [BTC], Litecoin [LTC], Ripple’s XRP, Neo [NEO], Stellar Lumens [XLM], and more. In other news, TRON is partnering with an “industry giant”, according to a recent tweet by Sun. However, very little information was revealed. Some in the community have widely speculated that it is partnering with Baidu, China’s largest internet search provider. A recent report by ODaily, published on Monday, suggested that the unconfirmed “partnership” will focus on cloud computing resources and not blockchain. Reportedly, the tie-up would involve TRON buying cloud computing resources from Baidu. See also: TRON Super Representative launches new crypto payment system BITBOX lists LINK, Tron organizes airdrop to celebrate Image via Shutterstock Join our Telegram group

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Binance burns $17 million in BNB for its 5th quarter burn

Binance has completed its fifth quarterly coin burn. When Binance first released its whitepaper last year, many were attracted by the exchange’s proposal for quarterly buybacks. Under this proposal, the platform would allocate 20% of its profits to buy back its token BNB at market values, in a move to please investors. This would go on until the platform brings back and destroys 50% of the total BNB. After the process, only 100 million BNB will be left.

Following the token burn, the total supply now stands at 192.443 million BNB. As per their official announcement, “In accordance with our whitepaper, we have completed our 5th quarter token burn of 1,643,986 BNB (roughly $17MM USD equivalent).” With these quarterly coin burns, the amount of BNB will gradually reduce, thereby increasing the value of the digital asset. Meanwhile, the trading platform is ramping up its global expansion plan. The exchange recently announced that its fiat-to-crypto platform Binance Uganda will start accepting deposits and withdrawals of Ugandan Shillings on Wednesday. The Know Your Customer (KYC) procedures for the began on Monday. According to the blog post, “Deposits for Ugandan Shillings (UGX), BTC and ETH will open starting from 2018/10/17 10:00 AM Uganda Time (EAT). Trading on Binance Uganda will open soon with BTC/UGX and ETH/UGX trading pairs. The start time for trading will be released in a later announcement”. “We are extremely proud to officially launch our first fiat-crypto exchange in Uganda,” said Binance CFO Wei Zhou. “We have been diligently preparing for this exchange with our local partners since our team first visited Uganda in April 2018. This is only the first step in our efforts to use blockchain technology to support sustainable economic development in Africa, and we look forward to bringing more innovations to the region.” See also:

Binance delists four altcoins including Bytecoin [BCN]

Tron aims to work together with Binance BCF to accelerate massive adoption of blockchain Image via Shutterstock Join our Telegram group

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New tracker shows users need to pay 5% more Tether [USDT] than USD to buy Bitcoin

The Tether debacle has stirred the crypto community. While some suspected something was wrong with Tether [USDT] on account of repeated controversies surrounding the coin, others chose to believe in the world’s leading stable coin in the crypto market. It was not until a few days ago that the crypto token, whose value is pegged to $1, lost its stability and slipped by 5% in the market – dropping below the $1 mark. Many have said that the eighth largest cryptocurrency in the world is losing its charm and has begun its downfall. The Tether community claims that major cryptocurrency exchanges have used USDT as a replacement for the U.S. dollar. “Most reputable Bitcoin exchanges allow their customers to exchange cryptocurrencies for US dollars (USD). However, some large exchanges including Bitfinex only offer “Tether” tokens (USDT), which are supposed to be exchangeable 1:1 to US dollars,” the community stated. Disappointed, the Tether community has built a website – untether.space – which will track major cryptocurrency exchanges that use USDT as their base currency and exchanges using the U.S. dollar. The website analyzes the average Bitcoin [BTC] price on exchanges against USD and USDT. untether.space Since the price of one USDT token should be equivalent to one dollar, there should be no price difference on exchanges using Tether and USD. On the contrary, the data on website showed that there is considerable difference in the trading prices between the stable coin and USD. Major cryptocurrency exchanges demand more USDT tokens than USD in exchange for other cryptocurrencies. The website was created by the community to track this price variance between the cryptocurrency and the fiat currency. The community believes that a risk premium associated to the cryptocurrency is the cause of the price difference. “Because Tethers are riskier than actual US dollars, the market attaches a risk premium to them by demanding more Tethers than USD in exchange for a Bitcoin,” according to the website. This site helps gauge this risk premium. Financial institutions shying away from the crypto space have caused crypto exchanges to use USDT as a substitute for USD. Customers have to shell out more USDT tokens than USD to buy the same amount of Bitcoin from these exchanges, owing to the risk premium. Over the past few days, the stable coin dropped well below its peg to as low as $0.95. The devaluation of USDT coupled with increasing skepticism from community members presents a risk in the market for exchanges that trade using the coin and this risk is being passed to the stable coin’s investors. This will only increase the risk premium associated with trading in Tether. The higher the risk premium, the more the stable coin strays away from its original value. The graph above clearly shows that there is a stark difference between average USD and average USDT charged for the same BTC, proving the poor stability of Tether. USDT users are questioning Tether Ltd, the company behind the stable coin, regarding its claims of the dollar cash reserves backing the cryptocurrency. The company has failed to furnish an audit to prove the existence of these cash reserves. The stable coin has also been linked to the controversy surrounding the crypto exchange Bitfinex. Bitfinex, which shares the same management team as Tether Ltd, has allegedly been involved in Bitcoin price manipulation utilizing USDT, but the company has denied all claims.

See Also: Dubious nature of Tether [USDT]: Stablecoin slips 5%

Bitfinex rolls out new fiat deposit system amid Tether debacle

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Cryptocurrency lending firm Nexo denies close association with Tether [USDT]

Nexo, a cryptocurrency lending firm, recently shared on Twitter about its relation with the USD-backed stable coin Tether [USDT]. Nexo stated that the company has never held any significant amounts of USDT on its balance sheet.

This came after a fresh round of speculations arose last week regarding the status of Tether [USDT] being fully backed by dollars. Tether Ltd, the company that issues USDT tokens, has repeatedly affirmed that each USDT coin is backed by dollars. However, the company has failed to provide proof of its dollar holdings. Bitfinex and its affiliate Tether recently lost their primary banking partner, Puerto Rico-based Noble Bank International. Bitfinex has failed to carry out an audit to back its claims of each USDT token being backed $1, doubting the stability of the coin. Bitfinex is now the second largest holder the token after Binance, the largest crypto exchange in the world. On Monday, Binance suspended withdrawals of the stable coin on Monday during a period of heightened activity. Rumors of Binance de-listing Tether started going around, which the exchange later denied. According to the platform’s website, withdrawal functionality was later restored. On Tuesday, to clear the speculations surrounding Tether, Binance CEO Changpeng Zhao (CZ), tweeted, “1 USDT withdraw on Binance is not the issue. 2 Our USDT reserve is public, can be seen on the blockchain. 3 We have same info as the public. 4 We don’t comment on coins. Anything we say is over/misinterpreted. 5 We stay neutral, and we SIMPLY PROVIDE CHOICES.” See also: Binance shares what Blockchain Charity Foundation does, origin of BCF and more Real estate marketplace Propy will now accept Binance Coin [BNB] as a mode of payment Image via Shutterstock Join our telegram group

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