The leading cryptocurrency exchange in the world, Binance, is apparently looking forward to the addition of more stablecoins to its exchange in addition to the three that it already supports. The exchange is in the daily cryptocurrency news after its CFO, Wei Zhou, told one news source that they are “hoping to be able to list a few more stablecoins” on their platform.
Still, this does not mean that the exchange, which is based in Hong Kong, is souring on USDT, which fell to an 18-month low and is losing popularity after the total of $610 million that was wiped out from circulation.
Zhou also said:
“As a whole, we believe things will even out. We will continue to support USDT,”
Binance’s interest in expanding its stablecoin options predates Tether and its recent break out of the buck. The exchange right now has support for Paxos Standard (PAX) and TrueUSD (TUSD) aside from Tether’s USDT support.
Right now, Wei said that the Binance research team is evaluating almost all the other stablecoins on the market – with a particular interest for adding the Gemini Dollar (GUSD) backed by the Winklevoss twins.
“Rather than hold bitcoin, [institutions] actually prefer to hold more stablecoins, because the dollar is still the default currency in some of these countries. That’s just one use case that we’ve seen that’s different in this part of the world, versus other parts of the world,” Zhou concluded while speaking to Binance’s recent expansion in Uganda.
Where Does Bitcoin Cash (BCH) Stand The Day After The Fork?
“Even if the SV mining collation do catch up with ABC or if they manage to do hostile chain re-orgs, its highly unlikely BCash ABC users & investors will ever switch to follow SV. ABC users just need to be patient & wait it out. @CalvinAyre & the SV miners will eventually give up,” BitMEX wrote on Twitter, doubling down on Jonathan Bier’s pre-fork prediction that miners would ultimately abandon the BSV fork.Currently, people are wondering how does the BCH hard fork affect other projects such as Bitcoin. The good news here is that the fork has no effect on BTC other than making it even less likely that Bitcoin Cash (BCH) will overtake Bitcoin (BTC) and claim its mantle.
A New $4 Billion Drop Sees Bitcoin Cash – And The Entire Market – Falling
‘Time May Be Right’ For Home Crypto Mining: Coinbase CTO
“The big difference with decentralized mining in 2018 is that there are now so many different coins and tokens out there that it’s almost certainly possible to make a profit – or at least mine a decent amount of some crypto – via a decentralized home mining device like Coinmine.”This is a notable perspective mostly because Srinivasan previously founded 21.co which was a startup that emerged from stealth in 2015 and had an ambitious plan to embed Bitcoin miners in everyday devices- which was then backed by Coinbase Ventures. Following the Coinmine announcement, Srinivasan wrote:
“The big difference with decentralized mining in 2018 is that there are now so many different coins and tokens out there that it’s almost certainly possible to make a profit – or at least mine a decent amount of some crypto – via a decentralized home mining device like Coinmine."As we can see from the above stated, the CTO of Coinbase seems optimistic about Coinmine's ability to add even more coins later, foreseeing a future where the company could play a key role in the launch of new tokens.
“I believe that decentralized mining is an important idea and worth trying again. It’s mining as Satoshi intended: many devices around the world with no single point of failure." Srinivasan concluded.
Crypto Exchange OKCoin Expands To Latin America, Launching A Fiat Market
"We’re aiming to grow throughout the region by bringing institutional and retail traders there an array of trusted trading options so they can buy and sell with confidence,” Buyn said following the official announcement.He also pointed that the Latin American market is extremely important for the exchange as it is for many crypto and blockchain industries.
Join us on Facebook
- 15 Industries Blockchain Could Soon Revitalize
- Tom Lee Predicts: Bitcoin Will Recover And Will Reach $15,000 By The End Of 2018
- $30 Billion Later: There Is Still Not A Single Crypto App Created With A Real User Base
- Bilbao, Spain: New $171k Worth Tender Issued For Developing A Public Blockchain Network
- Report: Bitcoin Scam That Compromised Several Verified Company Accounts Came From A Third-Party App
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
wed05dec9:30 am5:30 pmDigital Asset Investment ForumExploring the Emerging Asset Class.9:30 am - 5:30 pm The St. Regis Washington, D.C, 923 16th and K Streets, N.W., Washington, District Of Columbia 20006 USA
Blockchain Archive2 days ago
ICO Promotion Services | Advertise your ICO | Promo for ICO
Blockchain News3 days ago
Bank Of America Secures A Patent For Crypto Aggregation Systems
Blockchain News4 days ago
Iran Gets Removed From SWIFT, Considers Switching To Crypto As Planned
Blockchain Archive4 days ago
Blockchain Conferences Marketing | Advertise Cryptocurrency Events
Analysis2 days ago
Fundstrat Global Advisors: Bitcoin Will Take Weeks To Repair The Technical Damage
Analysis5 days ago
Bitcoin Falls To $6,300, Recording Two Sell Candles On Its Daily Chart
Altcoin News4 days ago
Researchers At McAfee Spot A New Russian Malware That Mines Monero And Zcash
Bitcoin News2 days ago
ECB Board Member: Bitcoin Is ‘The Evil Spawn Of The Financial Crisis’