Business

Binance P2P Adds Five New Fiat Currencies in Latin America

[ad_1] Cryptocurrency exchange Binance has rolled out peer-to-peer (P2P) crypto trading with five new Latin American fiat currencies. Users of the Binance P2P trading platform can now buy and sell cryptocurrency directly with Brazilian real (BRL), Argentine peso (ARS), Colombian peso (COP), Mexican peso (MXN) and Peruvian sol (PEN).Supported cryptocurrencies include Bitcoin (BTC), Ether (ETH), Tether (USDT), Binance Coin (BNB) and Binance USD (BUSD). The platform has zero transaction fees and
Business

Huobi Derivatives Introduces Circuit Breaker and Partial Liquidations

[ad_1] Huobi’s derivatives trading platform, Huobi DM, has announced a new ‘partial liquidation’ feature that aims to limit trading losses.Sudden market swings can immediately liquidate highly leveraged positions and cause extensive user losses, as seen during the last week’s Bitcoin price crash. The platform’s new liquidation mechanism will jump into action when markets face turbulence to mitigate the impact on traders, Huobi said in a statement.Crazy market times cause issuesAmid recent
Business

Congress Proposal to Give Everyone $2000/mo ‘Strengthens Case for Bitcoin’

[ad_1] Democrat congresswoman Maxine Waters has proposed giving $2000 a month to every adult, and $1000 a month to every child in America, to help see them through the COVID-19 financial crisis.Waters — the Chair of the U.S. House Financial Services Committee — made a series of other extraordinary legislative proposals to help the economy in a memorandum dated March 18.The proposals also include a suspension of all consumer and
EXCHANGES

Darknet Vendors Work Overtime as Police Halt Drug Arrests

[ad_1] The coronavirus is having a strange effect on the war on drugs. Narcotics activities that were deemed serious crimes only a week ago have been dropped by U.S. law enforcement, who have greater concerns now that cities are under effective lockdown. Meanwhile, darknet vendors are doing their best to match increased demand for mail order drugs, with one seller raising their maximum order size to accommodate bulk buyers. Also
Business

Exclusive Interview With Akon on His African Crypto Revolution

[ad_1] Rapper and entrepreneur, Akon, shares his vision for his forthcoming Akoin cryptocurrency in this exclusive video interview with Cointelegraph.The crypto platform will enable the tokenized trading of mobile phone credits, a popular alternative to many volatile fiat currencies on the continent of Africa.For more insights into the African crypto sector (including the rapper’s vision for crypto-powered ‘Akon Cities’ across the continent) don’t miss tomorrow’s complete video interview with Akon.
ALTCOIN

Atari Is Not Releasing an ICO Token… Its Releasing 2 Tokens, and a Crypto Casino

[ad_1] The legendary video game company, The Atari Group, will conduct an Initial Coin Offering with the intention of launching a cryptocurrency casino.AtariAtari was founded in 1972 in Sunnyvale, California, though it has changed hands several times. The company currently belongs to Atari Interactive, a subsidiary of the French publisher, Atari, SA. Its stock is listed on NYSE Euronext Paris with the current market cap of just under $50 million.Atari
Business

How EOS and ETH DeFi Made It Through Market Turmoil

[ad_1] On March 11 at 4:56 p.m. UTC, Tedros Adhanom Ghebreyesus, the director of the World Health Organization, stated that COVID-19 can be characterized as a pandemic. Industry experts consider the global uncertainty around this respiratory disease — from travel bans imposed by governments across the globe to the continuing global market turmoil — to be a trigger of the cryptocurrency market’s painful crash.Most cryptocurrencies saw their biggest 24-hour price
BLOCKCHAIN

BitMEX Report: Issuance of CBDCs May Lead to Inflation

[ad_1] A March 18th post by BitMEX Research discusses the two approaches governments can take with regards to the issuance of a Central Bank Digital Currency (CBDC) and the ramifications for the economy.Money supplyIn the modern economy, the money supply is largely determined by the banks’ ability and/or willingness to make loans.“From a liquidity perspective, the largest deposit-taking institutions in an economy have an almost unconstrained capability to create new
EXCHANGES

Stock and Oil Markets Unravel Further, is Bitcoin Next?

[ad_1] Stock and oil markets extended their decline to new lows on Wednesday, as investors are in a rush to cash in amid the COVID-19 pandemic. Bitcoin has shown a striking correlation to the stock market during the last few weeks, but it has ignored today’s crash, maintaining above $5,100. Will it manage to resist the pressure? S&P 500 Tumbles to Lowest in 3 Years, Oil Prices Crash to 18-Year
Business

The MakerDAO Auction Is Happening, Here’s What to Expect

[ad_1] The MakerDAO (MKR) community has locked in an auction to cover a multi-million dollar hole in DAI collateral after the sudden Ethereum (ETH) price crash on March 12. Scheduled for 10:28 AM EST on March 19, the system will auction newly minted MKR in exchange for DAI.The proceeds from the sale will be used to recapitalize the system and compensate the losses suffered by the borrowers who saw their