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Stellar Lumens News Today – No doubt, Stellar is one of the top projects in the industry. Even as the price of the token suffers from the bearish pressure, the Stellar Development Foundation is working tirelessly to make sure that the Stellar network remains in the spotlight. Yesterday, the largest cryptocurrency exchange per trading volume, Binance, announced that it recently discovered that it has been unknowingly getting staking rewards on the Stellar network. The exchange reported that some changes in parameters on its hot and cold wallet was what led to the staking reward earning. As a sign of good faith, Binance decided to add staking support for Stellar Lumens XLM and share the rewards with the entire community. Stellar Lumens News Today – Stellar Lumens XLM – Stellar Latest Update Binance Adds Staking Support For Stellar Lumens XLM According to the announcement on the official Binance handle, XLM worth $775,000 in staking rewards have been accidently or unknowingly credited to..
Mexican cryptocurrency exchange Bitso will from now on be regulated by the Gibraltar Financial Services Commission. Mexican cryptocurrency exchange Bitso will from now on be regulated by the Gibraltar Financial Services Commission (GFSC), a July 19 announcement revealed. An apparent first in Latin AmericaIn what Bitso claims is an apparent first in Latin America, as of August 1, the custody, withdrawals, deposits and trading of cryptocurrencies on its platform will be overseen by the GSFC under a framework specifically evolved to regulate businesses in the distributed ledger technologies (DLT) sector. GSFC’s Distributed Ledger Technology Regulatory Framework — finalized in January 2018 — focuses on ensuring robust consumer protection and security, as Bitso notes. Yet the exchange argues that the framework’s application is “conveyed through the application of principles rather than rigid rules” and is thus fit to keep pace with the pace of innovation in the DLT sphere. The agency’s i..
Fiat-crypto exchange Binance Jersey has listed a proprietary GBP-backed stablecoin, dubbed Binance GBP Stablecoin (BGBP). Fiat-crypto exchange Binance Jersey has listed a proprietary GBP-backed stablecoin, according to a press release shared with Cointelegraph on July 19. ‘Overwhelming demand’ for stablecoin diversificationListing of the Binance GBP Stablecoin (BGBP) confirms earlier indications that the major industry player had its sights on imminently issuing its own fiat-pegged assets, starting with a cryptocurrency 100% backed by the British pound. Binance Chief Financial Officer Wei Zhou has given an official statement, in which he noted that: “There has been an overwhelming demand in the market and Binance community for more stablecoin diversification, including a GBP-pegged stablecoin.” Zhou added that increasing awareness of the utility of stablecoins and proliferating use cases for the specialized asset have all contributed to Binance’s decision to list the coin, and to pres..
ErisX cryptocurrency exchange has joined the Chamber of Digital Commerce, a blockchain-related advocacy group. The United States Chamber of Digital Commerce has taken aboard cryptocurrency exchange ErisX. Per a press release shared with Cointelegraph on July 18, ErisX has become a member of the Chamber of Digital Commerce, an advocacy group that promotes the digital asset and blockchain industry. ErisX thus joined other heavyweights of the industry such as Fidelity Investments, Overstock.com’s Medici Ventures, enterprise blockchain software firm R3, stablecoin platform TrustToken and professional services company Accenture, among many others. ErisX CEO Thomas Chippas stated: “The Chamber of Digital Commerce and its member initiatives are very much aligned with our objective to improve the digital asset trading and investing landscape. We are pleased they recognize our dedication to help bring mainstream adoption and accessibility to this space through an intermediary-friendly model a..
In the premiere episode of the new Cointelegraph series “Coffee and Crypto,” Olivia Capozzalo and Molly Jane Zuckerman discussed the latest news in the crypto industry. In the premiere episode of the new Cointelegraph series “Coffee and Crypto,” head of editorial Olivia Capozzalo and head of news Molly Jane Zuckerman discussed the latest news in the cryptocurrency industry. Latest news in the cryptocurrency industryIn the video, Capozzalo and Zuckerman discuss United States President Donald Trump criticizing Bitcoin (BTC) and Facebook’s Libra stablecoin, the European Central Bank’s recent statements about Bitcoin, and whether BTC is a currency. Zuckerman also talked about the hack of Japanese exchange Bitpoint, which yesterday published the breakdown of crypto assets stolen in the 3 billion yen (~$27.8 million) hack of its platform earlier this month. Capozzalo spoke about an American computer scientist that has managed to mine Bitcoin on a 52-year-old Apollo guidance computer. Those..
Enterprise blockchain tech firm R3 partnered with Brazilian digital bank Banco Maré to launch a stock exchange listing shares of startups. Blockchain consortium R3 has partnered with Brazilian fintech company Banco Maré to launch a stock exchange for investing in technology firms. Banco Maré, a blockchain-powered digital bank focused on financial inclusion, intends to build a tokenized stock exchange offering investments in technology companies with “social impact,” Cointelegraph Brazil reports July 16. The new R3 technology-backed platform, provisionally named BVM12, will purportedly open a new funding source for technology startups, as well as enable individual investors to generate dividends from investments in new technologies, the report notes. Rio de Janeiro-based Banco Maré has reportedly conducted its first informal consultations with the Brazilian Securities and Exchange Commission, and is reportedly planning to make an official request to the agency in August 2019. Banco Mar..
Binance is in talks with local partners in South Korea for potential launch of a new subsidiary. Binance, the world’s largest crypto exchange by daily trading volume to date, is reportedly planning to set up a branch in South Korea. Malta-based crypto exchange Binance is working with local partners in South Korea to launch a new exchange in the country, Binance CEO Changpeng Zhao (CZ) revealed, according to a report by crypto media outlet Block In Press on July 16. CZ reportedly said that the company does not know the details of the establishment of the new office in South Korea. However, a global representative of Binance denied the news in the report, claiming that Binance team has not decided to date whether or not to establish a Korean subsidiary. Specifically, the unnamed representative clarified that Binance has been in talks with South Korea-based fintech firm BxB, but they have not made any specific decisions so far. Another Binance spokesperson said that the question of launc..
Japanese cryptocurrency exchange Bitpoint has reportedly discovered some of its funds that were stolen in a hack last week. Japanese cryptocurrency exchange Bitpoint has discovered over 250 million yen ($2.3 million) in cryptocurrency — part of a $32 million sum that was stolen last week, local English language daily The Mainichi reports on July 14. According to The Mainchi, Bitpoint found the stolen cryptocurrency on overseas exchanges that were using a trading system provided by Bitpoint Japan. Bitpoint told The Mainchi that the recent discovery brings the total sum of lost founds down from 3.5 billion yen ($32 million) to 3.02 billion yen ($28 million). The exchange was initially hacked on July 12. 2.5 billion yen ($23 million) of stolen funds belonged to customers while 1 billion ($9.2 million) belonged to the exchange. Hackers stole Bitcoin (BTC), Litecoin (LTC), Ether (ETH) and XRP from the exchange’s hot wallets. Bitpoint suspended all services following the hack, while the exc..
A New York fintech firm aims to launch Bitcoin derivatives upon approval of a registration acquisition from the U.S. CFTC. New York-based financial technology firm trueDigital Holdings LLC is aiming to acquire the registrations of trueEX LLC in a bid to launch a fully-regulated crypto derivatives exchange, according to a press release published on July 12. Per the release, trueDigital has concluded an agreement in principle to acquire the Designated Contract Market (DCM) and Swaps Execution Facility registrations of United States Commodity Futures Trading Commission (CFTC)-regulated exchange trueEX LLC. The deal thus is subject to CFTC approval. Upon approval, trueDigital will roll out a crypto derivatives exchange fully-regulated by the CFTC, where it will list physically-deliverable Bitcoin derivatives for institutional investors. TrueDigital CEO Thomas Kim said that “adding the exchange to our ecosystem delivers a complete end-to-end offering, currently unavailable today, that enc..
Japanese crypto exchange Bitpoint has suspended all services after losing $32 million in a hack involving XRP, Bitcoin and other cryptocurrencies. Japanese crypto exchange Bitpoint has suspended all services after losing $32 million in a hack involving XRP, Bitcoin (BTC) and other cryptocurrencies. In an official announcement on July 12, Bitpoint revealed that it had lost around 3.5 billion yen (~$32 million) — 2.5 billion yen (~$23 million) of which belonged to customers and 1 billion (~$9.2 million) to the exchange. Bloomberg reports that shares of Bitpoint’s parent firm Remixpoint Inc. shed 19% following news of the incident, and were untraded in Tokyo as of 1:44 p.m. “on a glut of sell orders.” Alongside XRP and Bitcoin, a total five different cryptocurrencies had been stored in the affected hot wallets, including Litecoin (LTC) and Ether (ETH). The exchange’s cold wallets are not reportedly thought to have been compromised, Bitpoint’s announcement indicates. Bitpoint was one of m..