Singapore-based crypto exchange Huobi is in our blockchain news today after the announcement of the plans to launch the first crypto exchange dedicated to EOS in Q1 of 2019.
The new EOS-dedicated exchange will be launched by Huobi Pool which is the company’s mining branch. The CEO of Huobi Pool Cao Fei said that by launching the exchange the company is taking the next ‘’logical step’’ as EOS block producer supporters.
EOS will be available for trading against other cryptocurrencies according to the press release of the company. Huobi is among the third-ranked crypto exchanges based on volume with about $773 million over a 24 hour period.
The exchange also announced their support for EOS after the daily traded volume on Huobi’s crypto derivative market breached the $1 billion range.
Huobi’s derivative market was launched in November and the company pointed out that there is a huge advantage of the derivative market since the customers will get the chance to take short and long positions.
However, EOS was criticized to be overly centralized. There are also allegations that Huobi is running a corruption scheme and that the exchange is faking the trading volumes. Huobi Group, on the other hand, also confirmed plans to “optimize” its staffing by firing underachieving employees. To make things more neutral, the company has previously stressed that it continues to onboard staff “for its core businesses and emerging markets.”
In the meantime, EOS is showing one of the most amazing performances but there is no clear explanation for today’s rise. EOS increased up to 16 percent last week and is still going well. Coinbase is even considering adding the stablecoin to its platform.
Deloitte Features Blockchain In Its Annual Tech Trends Report
“Today, blockchain is to trust what the web was to communication: a profoundly disruptive technology that transforms not only business but the way humans transact and engage," the report notes.Deloitte also agrees that blockchain is viral, saying that the technology is “capturing both mindshare and investment is remarkable considering that a few years ago the word blockchain was known only through its relationship to cryptocurrencies. One of the areas where blockchain is likely to develop in the coming year, according to Deloitte, is the technology that includes "gateways, integration layers and common standards." However, Deloitte also shared the obstacles of implementing the technology, mainly related to the time-consuming operations, lack of standardization, high costs and complex applications.
Stellar’s XLM Token Added To Greyscale’s Crypto Investment Trust Fund
“I think the theory is a sound one,” he said about Stellar’s business proposition for bridging crypto to fiat currency conversions. An American bank may be keeping large amounts of currencies in foreign banks, and to be able to bring those balances of foreign currencies onto a balance sheet as working capital is valuable. Financial institutions won’t be required to hold balances all over the place. This will improve efficiency and shore up balance sheets for other uses.”Stellar had amazing performance especially in Q4 after striking a deal with crypto wallet provider Blockchain.com in order to start distributing XLM that is worth $125 million in an airdrop, hoping to increase bigger awareness and adoption. In the meantime, Greyscale had a mixed year in 2018 after bitcoin dropped to its 15-month low at $3,130. The company’s Bitcoin Trust was worth less than $1 billion for the first time in 2018. According to the crypto industry newsletter Diar’s research, Greyscale in the same apparently had holdings just over one percent of the total BTC in circulation. After the announcement, Stellar increased up by 1.22 percent.
SEAT Car Manufacturer To Start Working On Blockchain-Based Products Development
Bitcoin ATM Operator Coinme To Start Selling BTC At Coinstar Counting Machines
“Bitcoin is now accessible at your local grocery store via Coinstar kiosks, and this offering will make it even easier for consumers to participate in this dynamic new economy.”Coinstar, on the other hand, offers coin-to-cash conversion in their kiosks in multiple countries around the world but it still remains unknown whether the Bitcoin feature will expand just as quickly as it did in the US. Coinstar’s CEO Jim Gaherty noted: Coinstar offers coin-to-cash conversion kiosks in various countries throughout the world. It remains unknown whether the Bitcoin feature will expand beyond the U.S., while the company did not provide figures on how many machines will offer it.
“Coinstar is always looking for new ways to offer value to our consumers when they visit our kiosks.’’According to CoinATMRadar industry monitoring resource, there are more than 4187 Bitcoin ATMs worldwide and more than 60 percent or 2516 are in the United States. The market has grown plenty over the years and many operators are trying to get control of what they think to become a fairly popular trend for crypto usage.
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