BLOCKCHAIN

Binance Cryptocurrency Exchange Testing British Pound Stablecoin

[ad_1] Major cryptocurrency exchange Binance is apparently testing a British pound stablecoin on its native blockchain, Binance Chain, according to a Twitter post on June 3.Twitter user CryptosBatman noticed that the listing “$BGBP” appeared on the Binance platform.Screenshot of stablecoin on Binance Chain. Source: TwitterBinance CEO Changpeng Zhao has commented on the tweet, confirming that a pound stablecoin is in the testing phase, with only £200 minted.Zhao came under fire
EXCHANGES

Bitcoin.com’s Local Bitcoin Cash Marketplace Is Now Open for Trading

[ad_1] The highly anticipated Local.Bitcoin.com is now available to the general public. As of right now, anyone in the world can use the service to trade bitcoin cash (BCH) securely. Since pre-launch signups were announced last month, thousands of traders have created accounts and there are over 2,200 active offers ready to go. Also read: Creating Your Own SLP-Based Token Using Memo Local.Bitcoin.com: Prepare to Trade Bitcoin Cash Peer-to-Peer The
Business

Open Positions on Chicago Mercantile Exchange Bitcoin Futures Hit Record High

[ad_1] The number of open contracts for the Chicago Mercantile Exchange’s (CME) bitcoin (BTC) futures is reportedly at an all-time high, cryptocurrency news outlet Coindesk reported on June 3.According to visible data released by the United States Commodity Futures Trading Commission (CFTC) data, the number of open positions for the aforementioned future contract in the week from May 27 to June 3 is 5,190.Coindesk claims that this is the highest
Business

Analytical Firm Calls Bitcoin ‘King of the Assets Class Hill’

[ad_1] Analytical firm Delphi Digital has called bitcoin (BTC) the “King of the Assets Class Hill” due to the coin’s outperformance in recent months, the Next Web reported on June 3.Delphi Digital based its commentary on bitcoin’s returns for four straight months, especially given that bitcoin’s performance comes at a time when traditional risk assets continue to face selling pressure. “May’s outperformance has been especially important given the broader weakness
BLOCKCHAIN

Blockchains Acquires Development Firm Behind ‘The DAO’ Project

[ad_1] United States-based blockchain incubator and investment firm Blockchains, LLC, has acquired the German Ethereum dev team slock.it, according to a press release on June 3.Slock.it’s team is reportedly around three dozen large, and is known for its creation of the now-defunct decentralized autonomous organization (DAO) project “The DAO.” Co-founders and brothers Christoph and Simon Jentzsch will reportedly join Blockchains as VP of technology and director of blockchain development, respectively.During
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What Happens When All the Bitcoins Have Been Mined?

[ad_1] Over 83 percent of all bitcoins that will ever exist have already been minted. Over 99 percent will be mined by 2040. So, what happens when all the bitcoins have been mined? Bitcoin Has a Finite Supply of 21 Million Bitcoins One of the key features of Bitcoin is its hard-capped finite supply at 21 million bitcoins. This means it is entirely impossible to print out of thin air
Business

Israeli Supreme Court Rules in Favor of Cryptocurrency Exchange in Bank Dispute

[ad_1] The Supreme Court of Israel has declared that Leumi Bank cannot block the cryptocurrency exchange Bits of Gold’s account on the grounds of regulatory concerns, according to a report by Finance Magnates on June 3.Despite the Supreme Court’s ruling against Leumi, the bank reportedly maintains its stance against dealing with the exchange. The report notes, however, that this ruling sets precedent for Israeli cryptocurrency firms to legally use traditional
BLOCKCHAIN

Tech Startup Fluree Raises Nearly $5 Million in Seed Round for Blockchain Database

[ad_1] North Carolina-based Fluree has raised $4.7 million in its first funding round for the company’s blockchain-based database system, according to a report by Tech Crunch on June 3.The firm’s blockchain database product, FlureeDB, purports to be “an immutable, time-ordered blockchain database” according to its documentation. Additionally, users can reportedly choose to run the database privately or on a federated blockchain network. CEO Brian Platz explained:“If you want 100% decentralization,
Business

Indian Police Uncover Cryptocurrency Scam Involving BitConnect Promoter

[ad_1] Indian police have reportedly discovered an alleged multi-million dollar cryptocurrency scam, involving a BitConnect promoter, local media outlet the Times of India reported on June 3.The Criminal Investigation Department (CID) in Gujarat, India, has accused Divyesh Darji — a promoter of now-defunct cryptocurrency investment program BitConnect that ceased its operations in January of last year — of luring people to invest into “Regal Coin,” promising unrealistic returns of as
EXCHANGES

Bitcoin-Skeptic Warren Buffett to Host $4.37M Lunch With Tron Founder

[ad_1] On Monday Tron Founder Justin Sun excitedly tweeted that he had won an auction to have lunch with legendary investor Warren Buffett. Will Sun shill Buffett on the merits of Tron and BitTorrent?  Will the Oracle of Omaha Drink the Kool-Aid? On Monday Tron founder Justin Sun revealed that he had secured a lunch with the legendary investor and ‘Oracle of Omaha’ Warren Buffett. Securing a sit down with