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Apollo, the all-in-one cryptocurrency that comprehensively meets every currency need ever imagined by users, has now made available its decentralized exchange (DEX) for public use. Launched in beta, the Apollo DEX now compliments the full-feature blockchain that offers an entire range of token generation services, while guaranteeing that transactions are 100% private. An Open Exchange for True Peace of Mind Taking a cue from the original concepts of cryptocurrency which revolved around the idea of independence, the Apollo Foundation introduces its beta DEX with a much-anticipated feature from the entire industry: atomic swaps. One of the shortcomings of DEXs in the past has been the fact that DEX platforms have been restricted to their blockchain platforms, with access only to tokens built on the same platform. But with atomic swaps, tokens and assets can be exchanged across different platforms, and without a centralized entity to govern it, this ensures assets remain fully in the o..
Following Red Hat’s $34 billion acquisition in July, IBM is using the firm’s technology in a new blockchain-based supply chain product. Global tech giant IBM has launched a new integrated supply chain product based on IBM’s technologies including Watson AI and IBM Blockchain. Hybrid-cloud integrationCalled Sterling Supply Chain Suite, the new IBM’s product enables hybrid-cloud support of data integration between manufacturers, retailers and other network participants, purportedly providing greater reliability, transparency and security, the firm announced on Oct. 8. Specifically, the level of integration flexibility provided by the new service enables enterprises to update and improve their supply-chain solutions in accordance with business needs. Red Hat acquisitionIBM says the open-architecture capabilities of Sterling Supply Chain Suite services are strengthened by the company’s recent acquisition of Red Hat, a provider of enterprise open-source solutions, which IBM acquired in Jul..
OTC trading platform B2C2 launches what it calls the first product for gold trading using Bitcoin for pricing and settlement. Over-the-counter (OTC) trading platform B2C2 has created what it calls the first product for gold trading using Bitcoin (BTC) for pricing and settlement. Macro players eye new BTC gold productSpeaking to industry news outlet The Block on Oct. 10, the company’s CEO Max Boonen stated that the move comes on the back of increasing demand from large-volume traders. “Clients trade an ounce of gold priced in bitcoin, and the derivative is settled in bitcoin,” he explained, adding that one ounce (roughly $1,507) is the minimum possible trade quantity. Boonen also pointed out the market’s desire for a Bitcoin-based gold derivative: “The clients we are seeing demand from are those who have their own user base of traders and macro hedge funds.” Spotlight on Bitcoin contractsAs Cointelegraph reported previously, gold has seen a renaissance this year as cryptocurrencies suc..
Crypto wallet and debit card service company Cryptopay now offers transfers with the British Pound through the Faster Payments Scheme. Crypto wallet and debit card service company Cryptopay now offers transfers with the British Pound (GBP) through the Faster Payments Scheme. Cryptopay revealed the development in a press release with Cointelegraph on Oct. 9, specifying that its United Kingdom-based users can now fund their accounts and make withdrawals with GBP, avoiding GBP to euro conversion charges. The release further explains: “Upon activation users will get their own sort code and account number, which means that the transfers will bear the account holder’s name, not Cryptopay. This is especially important as some banks may block crypto-related transactions resulting in money getting stuck with no way to withdraw.” Expansion to new services and territoriesCurrently, the company is working on its European card program, having already begun issuance of prepaid cards in Russia. By t..
Bitcoin futures and options trading platform Deribit is launching a weekly research publication on various cryptocurrency topics. The Netherlands-based Bitcoin (BTC) futures and options trading platform Deribit is launching a weekly publication called Deribit Insights. Research publication on cryptoIn a press release shared with Cointelegraph on Oct. 9, Deribit announced that it will be launching a weekly in-depth analytical research publication focused on various crypto topics, tailored for both the novice and expert cryptocurrency users. The Deribit Insights publication will review cryptocurrency events, delve into recent market developments and explore future advancements of the crypto industry. The first research report takes a closer look at the liquidation mechanisms used by cryptocurrency derivatives platforms. It also covers the May 2019 flash crash on Bitstamp that triggered liquidations worth more than $200 million on the BitMEX platform. Deribit, launched in 2016, is one of..
Major cryptocurrency exchange Binance launches peer-to-peer trading for Bitcoin, Ether and Tether against the Chinese Yuan. Major cryptocurrency exchange Binance has launched peer-to-peer trading for Bitcoin (BTC), Ether (ETH) and Tether (USDT) against the Chinese Yuan (CNY). In an announcement published on Oct. 9, the exchange revealed that the service will be initially available to Android users who already have Binance accounts registered for at least 30 days. The exchange states that users should update their Binance Android app to the latest version in order to gain access to the new service and that it will slowly roll out support for iOS and web interface going forward. P2P functionality to expand in the futureBinance CEO Changpeng Zhao has indicated in a tweet that Binance’s foray into P2P trading won’t stop with the Chinese market: “P2P Trading, starting with China. Most of CT probably can't use it yet, but 1.4 billion people can. We will expand the service to other regi..
UNICEF launches a cryptocurrency fund to support open source technology benefiting children and young people around the world. UNICEF, the United Nations Children's Fund, has launched a cryptocurrency fund to support open source technology “benefiting children and young people around the world.” According to the official announcement published on Oct. 8, UNICEF thus became the first U.N. organization “to hold and make transactions in cryptocurrency,” namely Bitcoin (BTC) and Ether (ETH). UNICEF executive director Henrietta Fore added: “This is a new and exciting venture for UNICEF. If digital economies and currencies have the potential to shape the lives of coming generations, it is important that we explore the opportunities they offer. That’s why the creation of our Cryptocurrency Fund is a significant and welcome step forward in humanitarian and development work." Ethereum platform can “better countless lives”Per the announcement, the Ethereum Foundation, a Swiss nonprofit org..
Cryptocurrency exchange Binance announces the eighth phase of its lending product. Cryptocurrency exchange Binance has announced the launch of the eighth phase of its lending product on Oct. 7. In this phase, Binance will start offering 14-day fixed-term lending products. The subscribers will be accepted on a first-come, first-served basis. The subscription period begins on Oct. 10 and ends on Nov.10, while interest will be paid immediately after the term matures. An annualized percentage yield of 10%The digital assets included in the program are Binance Coin (BNB), Bitcoin (BTC), Binance USD (BUSD), EOS, Ethereum Classic (ETC), Ether (ETH), Chainlink (LINK), Tether (USDT) and XRP. The annualized percentage yield on those loans starts at 3% for Bitcoin and reaches 10% for BNB, USDT and BUSD. The exchange’s CEO Changpeng Zhao praised the high yield of those loans in a tweet sent on Oct. 7: “How much interest is your $USD making for ya in the bank? Convert them to $BUSD and let them sta..
The Sacramento Kings pro basketball team is launching a blockchain-based rewards program within its mobile gaming app. The Sacramento Kings NBA basketball team is launching a blockchain-powered rewards program within its gaming app. Partnership with BlockpartyThe Sacramento Kings partnered with New Jersey-based blockchain ticketing platform Blockparty to add blockchain-based rewards to its prediction game Call the Shot, the team officially announced on Oct. 7. According to the announcement, the new program will be available in the upcoming 2019–2020 season. During the season, Blockparty will be tracking Kings fans’ activity while they are betting on Call the Shot and accumulate points in a virtual wallet within each fan’s Sacramento Kings + Golden 1 Center app, the Kings said. The new token will have no monetary valueWhile enrollment in the rewards program is free, the rewards can be redeemed for prizes and unique events such as signed merchandise and courtside tickets. The Kings note..
Cryptocurrency exchange CoinField launches an XRP validator that is already included in Ripple’s Unique Node List, teases a new mysterious project. Cryptocurrency exchange CoinField has launched an XRP validator which is already included in Ripple’s Unique Node List (UNL). According to a press release published on Oct. 2, “UNLs are the lists of transaction validators a given participant believes will not conspire to defraud them.” The exchange’s team has also reportedly been working on a new project based on XRP’s ledger (XRPL) for half a year. CoinField promises to release the details of it on Oct. 15. The platform’s CEO Bob Ras added: “This new ecosystem is the most sophisticated project ever built on top of XRPL, and it is the best use case for that. We believe this will be a big step forward for the whole industry and the mass adoption of XRP blockchain.” A project shrouded in mystery Reportedly CoinField will also officially present the details of the new ecosystem at the Malta ..