Blockchain News

Huobi Crypto Exchange Adds Three Trading Pairs For XRP In The USA

Published

10 months ago

April 18, 2019

Huobi crypto exchange and its USA based version Hbus, have launched three more trading pairs for XRP. In our latest cryptocurrency news today we read more about this amazing news.

According to the announcement, Huobi crypto exchange added three trading pairs including USD-XRP, Bitcoin BTC-XRP, and Tether (USDT)-XRP. The news came in a press release just today. All of the XRP deposits will be opened at 12:00 a.m. All of the withdrawals for the trading pairs will go live tomorrow on April 19^th.

The Huobi crypto exchange branch Hbus and its CEO Frank Fu commented on the new addition. He pointed out that XRP is the 20^th listed digital asset to the platform which means that the exchange is now at a total of 51 trading pairs.

The press release describes XRP as a ‘’strong performing coin with broad utility and volume.’’ It also explains how the Ripple Labs Company is driving mass adoption by making a lot of partnerships. The Ripple network will reach mass adoption for the cross-border payments system. To press time, the XRP token is the third largest cryptocurrency on the market with a market cap of around $14.2 billion.

As previously reported in many of the best cryptocurrency news sites, the Huobi crypto exchange marketplace initially launched with the name Hbus in 2018 in June. This was a strategic move of the Huobi Group which is the operator of the Huobi Global Crypto exchange and is ranked at the eight place in the world. All of the US trading services on the platform went live in 2018 July.

At the start of this year in January, the Hbus operator in San Francisco rebranded the name into Huobi crypto exchange-Huobi.com. After a lot of controversy and speculation, XRP was listed on the professional trading platform of the major US crypto exchange Coinbase for the first time in February 2019 which made the coin’s price skyrocket.

Later in March, Coinbase also added functionality for the asset which made possible for the customers to make zero-fee cross-border transactions and payments with the help of XRP and the stablecoin USD coin. Currently, the Huobi crypto exchange is at the 183^rd place as an exchange globally which means it reaches up to $90,000 in trades in just a period of 24 hours.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

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Stefan

Stefan is a full-time member and has been a Bitcoin Specialist for over 6 years. Providing daily news and updates for DC Forecasts.

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Blockchain News

CommerceBlock ICO Review: Should You Invest In It?

Published

2 days ago

February 25, 2020

Stefan

In our CommerceBlock ICO review, we are listing all of the details about this new prosperous ICO. If you are new to it, you should know that it is also new in the cryptonews. However, there is a reason why many are investing in it and its concept is pretty interesting. To begin with, we should say that this is an ICO where the team is actually focused on getting tools and API ready for financial developers to build systems on the back of the blockchain and the BTC/ETH technology. The team believes that there is a huge amount of funds which resides within the traditional banking system and is plagued by nepotism, delays, centralized control and wastage. Another part we would like to highlight in our CommerceBlock ICO review is that the team wants to liberate the funds from centralized control and bring in more security and transparency as well. The fact that the current storage of large amount of funds within the legacy banking systems is a cause for worry for a lot of people in the world. Still, it remains to be seen whether the blockchain would become the liberating force that these funds need so that they are made more accessible to the retail clients who would love the transparency which the blockchain can bring in. As we said above, the current financial system involves the presence of funds within an age-old banking system with centralized control. The CommerceBlock ICO review shows that there are a lot of inefficiencies that this projects can solve. They are also in the blockchain news for stating that this technology would help in the decentralization of control and that it can be used by any individual or business to manage trade flows, hedge currency risk and any such kind of business transaction. The team at CommerceBlock is a small one (from what we can see from their website and white paper) but they certainly have a lot of experience on the blockchain. Full of advisors and expert scientists, the development and maintenance of APIs and SDKs on the blockchain would require a lot of development effort and they plan to hire more developers for this purpose once the funds settle in after this ICO.

Blockchain News

Algorand Cemented Its Position As A Major Ethereum Challenger In 2020

Published

7 days ago

February 20, 2020

Stefan

The world's most used stablecoin, Tether, has recently become the first stablecoin to be issued on the Algorand network. Additionally, Algorand cemented its position as a network which could challenge the Ethereum network in 2020. The crypto news showed that Tether has an estimated daily trading volume of 40 to 64 billion and recently announced that they will be partnering with Algorand. Traders will now have the option to use the USD-backed stablecoin on the Omni, Ethereum, Tron, EOS and Algorand blockchains. Regarding this collaboration and the fact that Algorand cements its position this year as an ETH challenger, the CTO of Tether Paolo Ardoino said:

“A key strength of Tether is that it is underpinned by a rich diversity of different blockchains. Our latest collaboration with Algorand leverages the speed and security of Algorand’s protocol to give traders fast settlement and reduced counterparty risk in their fiat to digital asset transactions. Tether and Algorand both share a desire to keep building next-generation financial products and we feel our growing customer base will appreciate and benefit greatly from this collaboration.”

Led by a Turing award winner named Silvio Micali, Algorand is a public, permissionless and proof-of-stake blockchain that is currently working on creating a borderless global economy. The inherent design and architecture is how Algorand cemented itself from the competition, easily conducting 1000 transactions per second and a block production time of 5 seconds per block. In comparison, the Ethereum latest news show that Ethereum manages less than 25 transactions per second and has a block production time of 15 seconds. All in all, Algorand is on a good way to provide a highly scalable platform for Tether to function at its maximum capacity. On the other hand, the network can leverage Tether's immense popularity to attract more users and institutions to its platform. This won't only increase the platform's usage - it will also bring in more developers and applications as well. While Algorand cements itself as a direct competitor to Ethereum, Tether (USDT) is also moving up and recently become the latest high profile project to collaborate with Algorand. The native token of Algorand, ALGO, has meanwhile been accepted on many major exchanges in the likes of Binance, CoinBasePRO, Huobi, Kraken and several others.

Blockchain News

Rarible Blockchain Art Platform Sparks Fraud Discussions

Published

1 week ago

February 16, 2020

Stefan

Rarible, the blockchain-based art platform had one of its artists, Karan Singh, notifying the platform that some of his work was fraudulently listed. The issue was resolved quickly but the NFT space has started discussing the crypto regulation issues and how to prevent these incidents from happening in the future as we are reading in the crypto news today. The primary goal behind the Rarible blockchain platform is to tokenize the works of digital art is that the tokens are visible on the blockchain. The creator and the points of sale can be tracked over the life of the work. The hosting platforms such as Rarible, will mint the tokens using Ethereum and other competitors in the space including SuperRare and KnownOrigin. Once an artist uploads the work and the work gets created to a tradeable ERC721, the artists can then auction the piece so the buyers take solace in the token and trust that they are the true owners of the digital creation. However, with the latest fraud case, this trust was breached. Karan Singh who worked with Apple reported a fraudulent copy of its work on the blockchain-platform: “This is actually my work,” he tweeted, linking to his Instagram account. “And so are all of these. [Take] them down.” Another user that pretended to be Singh, had sourced the work of the artist and placed them on sale at Rarible according to the co-founder of Rarible, Ilya Komolkin. Komolkin banned the impersonator and asked the holders to burn all of the tokens that they had minted including Singh’s work. The German artist Mario Klingemann also helped to identify the fraud after having bought the work. After the announcement, he urged the buyers to burn their tokens too. The platform mitigated much of the issue and Singh’s fast response helped to keep the fraud under relative wraps and prevented the imposter from making tons of money. Since then, members of the NFT community have posed various solutions to prevent such events from happening in the future. In Singh’s, the stakes were low because he caught the fraudster quickly. If he hadn’t arrived when he did, the fraudster could have easily made money.

Blockchain News

HotBTC- New ICO Cryptocurrency Exchange Was Just Launched

Published

2 weeks ago

February 15, 2020

Stefan

HotBTC, a new cryptocurrency exchange with ICO cryptocurrency focus, has just been launched and is considered to be the best place for ICO listings, new tokens, trading, blog writing, and profit-sharing as we are reading more in the latest cryptocurrency news today. The crypto investors and traders now have another perfect place where they can trade crypto as the new HotBTC exchange was launched recently. It is fast, secure and is built with the latest technologies so it is perfect for ICO cryptocurrency listings. The platform makes it easy for users to find an exclusive page where they can browse and select ICOs based on the sector or keywords so they can even check out pre- ICO listings, upcoming ICO cryptocurrency or past projects. Airdrops have an exclusive section which will show start and end dates displayed along with the description. The first 100 ICO listings are free and there will be ZERO trading fees for the first 30 days. HotBTC is a place where the investors of the world and traders can trade coin services, purchase Ether or Bitcoin at the lowest prices and check out upcoming ICOs. The trading is instant and the withdrawals are automated. Ronak Tejani from the exchange commented:

“HotBTC has a dedicated focus on listing ICOs, making it a unique trading platform that will be welcomed by the crypto community all over the world. As an exchange, it also offers great features like lightning-fast trades, no hidden fees, and industry-standard security.’’

Trading speeds at the newly launched HotBTC are extremely fast and the token prices get updated every 60 seconds. The users can build a new crypto portfolio with multiple layers of protection and can benefit from the account monitoring, wallet management and full authority on withdrawals and deposits. HotBTC has other amazing features such as profit sharing and has a 50 percent revenue sharing scheme on the profits with qualified users. The qualified traders can become partners and can even receive dividends in BTC. HotBTC has been launched recently and aims to fulfill the wishes and desires of the crypto community, traders, crypto project owners, ICO cryptocurrency ideas and anyone else that is interested in the great future of the cryptocurrencies.