South Korean Cryptocurrency Exchange Collaborates with two Companies; Aims at Enhancing …

Both the companies will offer ‘public disclosure information’ and ‘smart contract audit information’ for digital currencies registered on Coinone.

The leading crypto exchange firm of South Korea, Coinone has teamed up with two companies, namely, CertiK-a cybersecurity audit company and Xangle – a disclosures firm to improve security and transparency attributes.

As per the Coinone announcement on August 7, the company has inked a deal on white paper with CertiK and Xangle. Both the companies will offer ‘public disclosure information’ and ‘smart contract audit information’ for digital currencies registered on Coinone.

As part of the collaboration, Xangle will function on project transparency and investor protection, and CertiK will monitor the security of the program, project information security, technology validation, screening process, and other.

The report for Xangle mentions that the company will offer security for crypto traders and also enhance the transparency of the projects. The disclosures might contain information about new tokens, investment stocks volatility, modifications in a project’s business framework, and token governance.

CertiK will examine projects at the code level and will carry audits of project registered on Coinone, according to the company announcement.

South Korea’s no.3 cryptocurrency exchange mentioned,

Coinone strives to establish a listing system and strengthen the public function of the exchange (market surveillance, disclosure, and internal listing) in order to harmonize the two goals of actively listing cryptocurrency and securing investor confidence.

The move comes after three major cryptocurrency firms. Namely, Bithumb, Upbit, and Korbit, along with Coinone, are facing difficulties in updating their bank accounts in the country. The South Korean banking organizations are now requesting for a demand standards from crypto exchanges, following the new guidelines of Financial Action Task Force (FATF). According to new FATF guidelines, it makes crypto exchanges officially responsible for any identified money laundering operations. The limitations are so strong that small scale crypto exchange firms might find it difficult to stand.

Recently, it was reported that the South Korean Financial Intelligence Unit of Financial Services Commission is considering monitoring of the crypto exchanges directly.

Coinone other Developments

Earlier, it was reported by a source, Coinone had revealed its plan to grow its business across Indonesia, in April 2018. The crypto exchange outlined to back six digital currencies in June after launches such as Bitcoin, Ether, Bitcoin Cash, Litecoin, Ethereum Classic, and Quantum.

On the other side, payment business of Coinone and Coinone Transfer- subsidiary cryptocurrency exchange has collaborated with SBI Ripple Asia to simplify blockchain remittance in the country. The new platform is named as ‘Cross’ that will enable customers to send remittances across 8 nations also in Thailand, the Philippines, and China.

According to the information, in the local South Korea press mentions that the main issue for Coinone is the risk that the coins would launch viruses by itself in the crypto exchange and enable to hack it.

About CertiK

CertiK – a US-based company, established in 2017. The company has two members and a co-founder, Ronghui Gu. The blockchain-based cybersecurity startup firm has received investment from Binance Labs and Consensus Labs. CertiK is already operating in South Korea. Back in June 2019, the firm reached a deal with the local blockchain platform, FLETA in order to improve the systems of the company and help protect other components of its system.

Apart from partnering with Coinone, CertiK also introduced a native blockchain on 22nd July.

About Xangle

Xangle is cryptocurrency disclosure firm, headquartered at Seoul. The company offers ‘tear-sheet-style’ details of tokens structure and fundamentals such as formal name, important people, registered address, pricing, and important events.

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Czech Republic Plans Tougher Regulations for Crypto Exchanges

Czech Republic is on track to exceed the EU’s directive on cryptocurrency firms, to enhance the country’s Anti-Money laundering (AML) policy, local …

Czech Republic is on track to exceed the EU’s directive on cryptocurrency firms, to enhance the country’s Anti-Money laundering (AML) policy, local newspaper Hospodářské Noviny reports today.

Financial regulators in the Czech Republic is set to redefine the Fifth AML Directive (AMLD5) on cryptocurrencies as formulated by the European Union, to ensure crypto trading platforms within its environs do not indulge in fraudulent activities.

European Countries were urged by the EU Commission via the Fifth AML Directive (AMLD5), to provide transparency requirements which focus on the use of anonymous payments through prepaid cards and virtual currency exchange platforms, to curb money laundering or terrorist financing within Europe.

“The 5th Anti-Money laundering directive also increases the cooperation and exchange of information between anti-money laundering (AML) and prudential supervisors, including with the European Central Bank,” Věra Jourová, Commissioner for Justice, Consumers and Gender Equality said.

The Czech’s measure has gone a step further beyond what is stipulated by the European Union as enforced mid last year, which set up a legal framework for financial watchdogs in Europe, to regulate crypto exchanges and wallet providers to protect against fraudulent activities.

Cryptocurrency trading platforms in the Czech Republic are urged to comply with this stern measure and register their company with the national Trade License Office, or face the penalty of a fine worth 500,000 CZK (appr. $21,698).

Although the report did not state the deadline crypto exchanges are expected to comply with this directive, countries within Europe are required to abide by the AMLD5 regulation by January 20, 2020.

Additionally, the report also indicated that the new Czech Republic’s AML measure might affect companies that are not crypto-related.

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Top 5 Cryptocurrency Exchanges Similar to KuCoin

Similarly to the exchanges mentioned so far, Bittrex lists a huge number of cryptocurrencies. The exchange has two variants – Bittrex and Bittrex …

KuCoin is a cryptocurrency exchange that has recently grown in popularity thanks to its large selection of cryptocurrencies available for trade, Spotlight IEOs, the KCS token and other enticing features. However, the exchange might not be suitable for all traders – perhaps you are looking to trade a token not listed on KuCoin, or would just like to try another exchange.

Open KuCoin Account

In this article, we will be checking out 5 cryptocurrency exchanges that can be used as alternatives for KuCoin users.

1. Binance

Binance and KuCoin are similar in many ways – both exchanges list a large number of coins and require no KYC verification for customers that withdraw less than 2 BTC in a 24-hour window. For most users, trading on KuCoin and Binance will be a very similar experience.

However, Binance does outshine KuCoin on the liquidity front, as its trading volumes surpass KuCoin’s quite easily on most pairs. Usually, there is also a bit more excitement about IEOs held on Binance, so that is a factor to consider as well. Another advantage of Binance is that the exchange offers cryptocurrency margin trading, which is not yet available on KuCoin.

Users from the United States should avoid Binance, as the exchange will no longer let U.S. customers trade from September 12 onwards.

Open Binance Account

2. Huobi

Huobi is another solid choice that will feel familiar to KuCoin users. The exchange features many different cryptocurrencies and also offers margin trading with up to 5x leverage for selected assets. A unique feature of Huobi is the HB10 index, which allows traders to invest in a basket of 10 cryptocurrencies via one asset. Like KuCoin and Binance, Huobi also has its own token – the Huobi Token.

Huobi also hosts IEO token sales through a platform called Huobi Prime.

Open Huobi Account

3. OKEx

Another competitor with its roots in Asia, OKEx is also among the biggest players in the cryptocurrency exchange business. In addition to a wide selection of cryptocurrencies, OKEx also offers trading of cryptocurrency futures contracts with high leverage (up to 100x depending on the cryptocurrency). OKEx has its own token called Global Utility Token, and has an IEO platform called OKEx Jumpstart.

Open OKEx Account

4. Bittrex

Now, we’re moving onto exchanges that offer fiat-crypto trading in addition to crypto-crypto pairs. Similarly to the exchanges mentioned so far, Bittrex lists a huge number of cryptocurrencies. The exchange has two variants – Bittrex and Bittrex International. The former is for U.S. users, while the latter is aimed at an international users, as suggested by the name. The main difference is that the Malta-based Bittrex International can list new cryptocurrencies quicker due to a friendlier regulatory climate.

Even though Bittrex is a solid choice, users who want margin trading will have to look elsewhere. Also, the performance of IEO tokens launched on Bittrex has been very poor so far, so it’s recommended to apply extra caution when choosing to take part in token sales on Bittrex.

Open Bittrex Account

5. Poloniex

Poloniex has recently introduced fiat currency support, making it a more attractive option for certain types of crypto traders. Otherwise, Poloniex offers a solid selection of altcoins, although it lacks in this category compared to the other exchanges listed in this article. Poloniex can be a useful exchange for more advanced traders, as it features margin trading functionality. On Poloniex, users also have the option of lending out their cryptocurrency for the purposes of margin trading. This opens up the possibility of earning interest on one’s crypto holdings, although there are obviously risks involved.

Open Poloniex Account


Conclusion

As we can see, there is no shortage of competitive options when it comes to cryptocurrency exchanges – platforms are constantly adding new features to entice users over to their side. If you’re a KuCoin user and would like to explore different options, there are plenty of top cryptocurrency exchanges to choose from.

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GridCoin Hits Market Cap of $1.67 Million (GRC)

One GridCoin coin can now be bought for about $0.0040 or 0.00000034 BTC on cryptocurrency exchanges including Trade By Trade, Bittrex, …

GridCoin logoGridCoin (CURRENCY:GRC) traded down 11.2% against the U.S. dollar during the twenty-four hour period ending at 7:00 AM E.T. on August 7th. One GridCoin coin can now be bought for about $0.0040 or 0.00000034 BTC on cryptocurrency exchanges including Trade By Trade, Bittrex, Poloniex and SouthXchange. During the last seven days, GridCoin has traded 15.7% higher against the U.S. dollar. GridCoin has a total market cap of $1.67 million and $1,441.00 worth of GridCoin was traded on exchanges in the last day.

GridCoin Profile

GridCoin (GRC) is a DPoR coin that uses the ProofofResearch hashing algorithm. It was first traded on November 3rd, 2013. GridCoin’s total supply is 421,361,271 coins. The official website for GridCoin is www.gridcoin.us. GridCoin’s official Twitter account is @GridcoinNetwork and its Facebook page is accessible here. The Reddit community for GridCoin is /r/gridcoin and the currency’s Github account can be viewed here. The official message board for GridCoin is cryptocurrencytalk.com/forum/464-gridcoin-grc.

GridCoin Coin Trading

GridCoin can be purchased on the following cryptocurrency exchanges: Poloniex, OpenLedger DEX, Bittrex, SouthXchange, C-CEX and Trade By Trade. It is usually not possible to purchase alternative cryptocurrencies such as GridCoin directly using US dollars. Investors seeking to trade GridCoin should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase GridCoin using one of the exchanges listed above.

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BitMart Lists the People-Powered Blockchain Platform Ethos (ETHOS)

Ethos is a leading cryptocurrency wallet and Blockchain Financial Services platform provider. The Ethos Universal Wallet, a mobile crypto wallet …

BitMart Exchange, a premier global digital asset trading platform, today announced the listing of Ethos. ETHOS/BTC and ETHOS/ETH trading pairs will be available starting at 8:00 AM (EDT) on August 6, 2019, and the withdrawal feature will be available on August 7, 2019.

Ethos is a leading cryptocurrency wallet and Blockchain Financial Services platform provider. The Ethos Universal Wallet, a mobile crypto wallet application, gives users the power to securely store, track, send and receive crypto assets for free. The Ethos’ “Smart Key” technology allows for secure custody of 150+ crypto assets with a single key.

The Ethos Token is also being integrated into Voyager, a U.S. based crypto asset broker. Voyager’s trading platform offers customer’s access to over 20 coins and once integrated with the Ethos token will offer advanced features including live trading of self custodied assets, with discounted fees for token holders and cashback rewards.

“We are delighted to list ETHOS on our exchange,” said Sheldon Xia, Founder and CEO of BitMart. “Ethos is a people-powered blockchain platform that makes it easy and safe for users to interact with the new economy. This coincides with BitMart’s philosophy of popularizing blockchain to everyone.”

About BitMart

BitMart is a premier global digital asset trading platform in the cryptocurrency market with over 850,000 users worldwide and ranks among the top 5 crypto exchanges on CoinMarketCap. BitMart currently offers 228 trading pairs with relatively low trading fees in the market.

About Ethos

Ethos’ mission is to build a financial ecosystem that is open, safe and fair for everybody. Ethos harnesses the power of design, technology and social intelligence to create a breakthrough solution that will enable everyone to participate in the New Economy. Upon regulatory approval, certain Ethos technology will be acquired by Voyager allowing Voyager to continue to build the first agency only crypto broker.

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release.