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ABCC crypto exchange partners with Tron to become the first trading platform to list TRC10 tokens. ABCC cryptocurrency exchange has partnered with the ninth largest cryptocurrency Tron (TRX), according to a tweet posted Jan. 15. Tron's founder and CEO Justin Sun subsequently confirmed the news on Twitter. As per the announcement, the partnership has made ABCC the first crypto exchange to list tokens based on Tron’s TRC10 technical standard. The announcement was made a few days after the exchange first revealed that its was in the process of adding support for tokens based on both the TRC10 and TRC20 standards. According to Tron’s guide for developers, TRC10 is a technical standard for tokens that are supported by the crytpocurrency’s native blockchain without the deployment of the Tron Virtual Machine (TVM). On the other hand, TRC20 is a technical standard used for smart contracts that implement tokens with the TVM. It is also fully compatible with Ethereum’s (ETH) ERC-20 stand..
Newly launched Belarus-based platform will allow traders to buy shares and other traditional assets with digital currencies. Belarus has launched a trading platform that enables customers to buy tokenized versions of shares, gold and other traditional assets, Reuters reported Jan. 15. The project is reportedly backed by two companies, Larnabel Ventures and VP Capital. According to Reuters, the government of Belarus has not yet commented on the launch of the platform, but it was covered by the state news agency BelTa. The platform will allow traders to buy shares, precious metals, foreign exchange and other traditional assets from Belarus, as well as from other countries, with cryptocurrencies. Since its launch, the platform has reportedly issued 150 different types of tokens, with each corresponding to a traditional financial instrument. The company expects to eventually grow this number to 10,000. According to the Reuters’ article, the government of Belarus has exempted transactions ..
sponsored A cryptocurrency exchange wants to make crypto trading accessible in over 100 countries within 2019. Despite the downturn that shackled the crypto markets in 2018, there is a renewed sense of optimism, as some experts believe the crypto market could fare better in 2019. Canadian-based CoinField plans to make crypto trading more accessible and cheaper for investors — irrespective of where they live — so they can take advantage of when crypto prices go green. The exchange intends to become one of the largest trading platforms for cryptocurrencies. It is already available in 101 countries and the team plans to expand the service to more regions in 2019, including the United States. World-class trading dashboardCoinField was launched in April 2018 by Central Crypto Exchange Corp. The platform says it provided both advanced and simplified trading dashboards for beginners and professional traders to buy and sell any cryptocurrencies in just a few clicks. The trading platform says..
Israel’s largest cargo shipping company Zim has opened its blockchain platform to all clients in select trades, following a successful pilot. Israel’s largest cargo shipping company Zim has opened its blockchain platform for electronic bills of lading (eB/Ls) to all clients in selected trades. Global shipping news outlet TradeWinds reported the news today, Jan. 14. Following a successful pilot of its blockchain-powered eB/Ls platform that lasted for over a year, the shipping firm has claimed that blockchain can not only replace the currently existing paper-based processes, but also improve the workflow conducted via email, fax, and other channels. According to TradeWinds’ report, two recent transactions on the platform were successfully conducted in less than two hours each — as opposed to multiple days or weeks that the process usually takes — with electronic bills of lading being delivered via the blockchain-based system. As part of Zim’s new initiative, blockchain-based trades will..
HSBC has been operating blockchain-based forex payments for just ten months but has seen huge growth. International banking giant HSBC settled $250 billion of forex trades using blockchain technology in 2018. The company has revealed the figure in a press release quoted by the Financial Times (FT) Jan. 14. Through its proprietary blockchain platform dubbed “FX Everywhere,” HSBC handled 3 million transactions, which translated into 150,000 payments since it launched in February. The technology allows HSBC to “conduct thousands of foreign exchange transactions within the bank, across multiple balance sheets, in dozens of countries,” FT quoted Richard Bibbey, acting global head of currencies as saying. “FX Everywhere uses distributed ledger technology to drastically increase the efficiency of these internal flows.” The release did not mention the overall payment volumes for the bank last year, Reuters referencing Bibbey as confirming the $250 billion represented a “small” portion of the ..
Previously targeting a launch on Jan. 24, Bakkt has acquired certain assets at futures commission merchant Rosenthal Collins Group. Bakkt, the digital assets platform backed by the New York Stock Exchange (NYSE), has acquired certain assets in futures commission merchant Rosenthal Collins Group (RCG). The acquisition was announced in a Medium post on Monday, Jan. 14. In the post, Bakkt CEO Kelly Loeffler hinted that the company’s latest move is part of Bakkt’s ambitious plans to become the first integrated and institutional grade exchange-traded markets and custody solutions. Loeffler also stressed that the acquisition means that the company is slowing down operations while awaiting regulatory approval by the United States Commodity Futures Trading Commission (CFTC) for the launch of regulated trading in crypto markets. Loeffler stated: “Our mission requires significant investment in technology to establish an innovative platform, as well as financial market expertise to deliver the m..
Overstock’s tZERO has began allowing investors to choose where to put their security tokens. The security token exchange subsidiary of e-commerce retail giant Overstock, tZERO, has started releasing control of its tokens, according to a letter to investors released on Jan. 11. Last August, the subsidiary had announced that its security token offering would close, having raised $134 million out of the maximum amount of $250 million previously specified. In June 2018, tZERO had also signed a letter of with investment company GSR Capital for the purchase of $160 million in tZERO Security Tokens. According to tZERO CEO Saum Noursalehi’s letter, investors now have the option of choosing where to hold their security tokens, either by creating a brokerage account with Dinosaur Financial Group, a tZERO partner and broker dealer, or holding them in a person wallet with a two-step verification system. He wrote: “As you are aware, on October 12, 2018 we completed the issuance of the tZERO securi..
The ex-SEC attorney David Labhart will also act as co-general counsel for the platform. Blockchain platform TRON has hired a former United States Securities and Exchange Commission (SEC) supervisory attorney as its first chief compliance officer. The company has revealed this to Cointelegraph in a press release on Jan. 9. David Labhart, who previously worked as an attorney for the U.S. regulator, will also take on the role of co-general counsel at the company. TRON, along with its associated TRX token, has built a major presence over the past year, in part due to the continued, and at times controversial, publicity efforts centred around CEO Justin Sun. Designed to offer an alternative platform for decentralized applications (DApps) to Ethereum, TRON celebrated its one millionth user account last month. TRX has risen 6.4 percent in the past 24 hours according to CoinMarketCap data, making it the best daily performer in the top twenty cryptocurrencies by market cap. Evolving regulatory..
Qtum is introducing Bitcoin atomic swaps to its blockchain infrastructure, which will enable exchange without requiring a trusted third party. Blockchain platform Qtum is introducing Bitcoin (BTC) atomic swaps to its mainnet infrastructure, according to a press release shared with Cointelegraph Jan. 9. Atomic swaps are a technology that enables the exchange of one cryptocurrency for another without the need for a trusted third party or centralized exchange infrastructure. The implementation of Qtum-to-BTC atomic swaps has been achieved with the use of the Hash Time-Locked Contracts (HTLCs) technology and is based on the code of the open-source cryptocurrency Decred. HTLC — according to Qtum’s announcement — are the most secure way of implementing the swaps. The team has also announced plans to release “0 Value UTXOs,” which will allow users that don’t hold Qtum tokens to interact with smart contracts while a third party pays the fee. As Cointelegraph reported in February, Qtum is a cr..
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. Karaoke is presently one of the most interactive entertainment forms in the world. It was originally developed in the year 1970 in a small town in Japan. Karaoke allows users to recreate popular songs over pre-recorded music using a microphone. From Karaoke machines to user-friendly and convenient applications, over the years, this globally reckoned entertainment form has witnessed the tremendous transformation. Its popularity is growing with every passing year and presently there are over 500 Million active participants of the Karaoke application. Loopholes Associated with the Existing Karaoke System While karaoke is..