Binance to List Additional Trading Pairs for Bitcoin Cash and Bitcoin SV

Binance, the world’s leading crypto exchange, announced Monday that it will be adding new trading pairs for both Bitcoin Cash (BCH) and Bitcoin SV …
via QuoteInspector.com

Binance, the world’s leading crypto exchange, announced Monday that it will be adding new trading pairs for both Bitcoin Cash (BCH) and Bitcoin SV (BSV) this week.

#Binance Will Add Additional Trading Pairs for BCHABC and BCHSVhttps://t.co/68aHoHa3l9pic.twitter.com/3Jh1GwKP6f

— Binance (@binance) January 21, 2019


The new listings come after Binance CEO Changpeng Zhaomade it abundantly clear that he is not a fan of projects forking and. As a result, CZ has decided to leave BCHABC and BCHSV as the symbols associated with the new Bitcoin Cash projects.

Despite its CEO’s disdain for the Bitcoin forks, Binance revealed in its most recent announcement that trading for BCHABC/TUSD, BCHABC/PAX, BCHABC/USDC, BCHSV/TUSD, BCHSV/PAX and BCHSV/USDC will begin on January 22 at 10:00 AM (UTC).

The addition of these stablecoin trading pairs comes as Binance is expanding its dedicated stablecoin market, USDⓈ, which now includes a number of popular stablecoins as base pairs.

More: Binance Will Add Additional Trading Pairs for BCHABC and BCHSV

Related: Binance Launches Dedicated Exchange for GBP and EUR Trading


Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

BCHUSD Rates by TradingView

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How Chinese cryptocurrency exchange Huobi is weathering the prolonged bitcoin bear market

… of a bubble in initial coin offerings (ICOs), a largely unregulated crowdfunding method involving digital money, as well as the bitcoin cash “hard fork”, …

One year can make a lot of difference in the roller-coaster world of cryptocurrencies.

At the start of 2018, China’s Huobi Group offered one senior executive the highest year-end bonus of 300 bitcoin, worth around US$3 million at the time. Now the digital-asset exchange is letting people go, after bitcoin plunged 80 per cent from its peak.

But despite trading volumes shrinking to just a tenth of its record at one point, the Beijing-based company is still profitable each month, according to Livio Weng Xiaoqi, CEO of Huobi Global, the company’s main exchange business.

“We do not know how long the bear market will last, so it is still possible that we will struggle to survive,” Weng said in an interview at his Beijing office. “We have to plan in advance and spend money carefully.”

He declined to specify Huobi’s revenue, but said it is mostly generated from transaction fees.

Exchanges are among the first and most obvious victims of the prolonged bear market in cryptocurrencies, which have wiped out more than US$600 billion in the total value of some 2,000 digital tokens since January 2018, according to data from CoinMarketCap, which ranks cryptocurrencies by their market value.

Last year’s market crash has been blamed on the bursting of a bubble in initial coin offerings (ICOs), a largely unregulated crowdfunding method involving digital money, as well as the bitcoin cash “hard fork”, which led to a split in the fourth-largest cryptocurrency into two separate entities due to fundamental disagreements among its developers.

Bitcoin cash “hard fork”: everything you need to know about the latest cryptocurrency civil war

The cryptocurrency crunch has begun to bite. Leading ventures like Beijing-based Bitmain, the world’s biggest maker of specialised computers used for creating new units of digital money, and Switzerland-based software production studio ConsenSys have all announced plans for lay-offs.

While Huobi is still seeking to expand its main exchange business, which contributes over 70% of its total revenue, the company is cutting staff in loss-making units like venture funding and news aggregation, according to Weng.

Earlier this month, Huobi shut down its subsidiary in Shenzhen, which hired about 30 people to research and build new applications. The Huobi Info news app is now maintained by just a few staff, down from a couple of dozens at its peak. In total, the company still has a workforce of 1,300 employees globally, after cutting about 100 positions over the past weeks, Weng said.

China’s Bitmain Technology and Huobi plan lay-offs as cryptocurrency crunch begins to bite

Founded in 2013, Huobi was at one point the world’s biggest bitcoin exchange by trading volume, as the platform offered zero transaction fees to attract risk-loving Chinese retail investors. In September 2017, Beijing’s ban on cryptocurrency trades forced Huobi to migrate its exchange business to Singapore.

Huobi hosts a daily trading volume of US$370 million, about half of the trades on leading exchange Binance, according to CoinMarketCap.

More than 70 per cent of Huobi Global users are Chinese who live outside China or use a VPN service, judging from their user interface language settings. They are followed by Russian and English speakers, Weng said.

“Our greatest advantage over competitors is that we have licenses in all major countries – we are the only one among top global exchanges,” Weng said.

Regulators around the world are gearing up to regulate cryptocurrency exchanges, especially when they deal with real money. Aside from its main digital-asset trading platform, Huobi has obtained licenses to operate fiat-to-crypto exchanges in markets including the US, Japan, and Europe. By comparison, Binance has quit the US and Japan amid regulatory concerns, and instead expand into smaller nations like Malta and Uganda.

How China’s crackdown helped Binance become the world’s largest cryptocurrency exchange

“Despite their success overseas, I think it would be very hard for them [Huobi] to compete with US exchanges locally,” said Joyce Yang, founder of New York-based Global Coin Research, which focuses on Asia’s cryptocurrency space.

“They can have a very successful business focusing on Asia and China, and they should really just double down there,” Yang said. “But in the exchange space, everyone is trying to hedge themselves and compare themselves with each other.”

Huobi rolled out a new platform for futures trading in December to challenge the likes of OKEx and BitMEX, and claimed to have accumulated over US$20 billion in trading volume within a month.

The company released a new app earlier this month called Huobi Chat, which is a mix of cryptocurrency wallet and messenger app, and aims to attract 1 million users within the first 50 days of its launch. Red banners hanging over Huobi’s Beijing offices remind employees of that target, and describe them as an “iron army”.

At the end of the day, such efforts need “a window of opportunity, another bull run, to pay off”, Weng said.

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Gemini Dollar Price Reaches $1.00 on Exchanges (GUSD)

Gemini Dollar (CURRENCY:GUSD) traded 0.6% lower against the US dollar during the 24 hour period ending at 16:00 PM E.T. on January 21st.

Gemini Dollar (CURRENCY:GUSD) traded 0.6% lower against the US dollar during the 24 hour period ending at 16:00 PM E.T. on January 21st. Gemini Dollar has a total market capitalization of $91.22 million and approximately $140.52 million worth of Gemini Dollar was traded on exchanges in the last 24 hours. During the last seven days, Gemini Dollar has traded 0.8% lower against the US dollar. One Gemini Dollar token can now be purchased for approximately $1.00 or 0.00028033 BTC on popular cryptocurrency exchanges including DEx.top, The Rock Trading, HitBTC and Bibox.

Here is how related cryptocurrencies have performed during the last 24 hours:

  • XRP (XRP) traded down 0.6% against the dollar and now trades at $0.32 or 0.00008941 BTC.
  • Tether (USDT) traded 0.3% lower against the dollar and now trades at $1.01 or 0.00028409 BTC.
  • Stellar (XLM) traded 1.5% lower against the dollar and now trades at $0.10 or 0.00002895 BTC.
  • TRON (TRX) traded 5.3% higher against the dollar and now trades at $0.0253 or 0.00000710 BTC.
  • Bitcoin SV (BSV) traded 0.1% lower against the dollar and now trades at $75.44 or 0.02113272 BTC.
  • Binance Coin (BNB) traded up 0.6% against the dollar and now trades at $6.58 or 0.00184294 BTC.
  • NEO (NEO) traded 0.5% lower against the dollar and now trades at $7.58 or 0.00212438 BTC.
  • VeChain (VET) traded up 3.7% against the dollar and now trades at $0.0041 or 0.00000116 BTC.
  • TrueUSD (TUSD) traded 0.5% lower against the dollar and now trades at $1.01 or 0.00028361 BTC.
  • Augur (REP) traded 7% lower against the dollar and now trades at $16.68 or 0.00467363 BTC.

Gemini Dollar Profile

Gemini Dollar’s genesis date was September 9th, 2018. Gemini Dollar’s total supply is 91,148,180 tokens. Gemini Dollar’s official website is gemini.com/dollar. The official message board for Gemini Dollar is gemini.com/blog. Gemini Dollar’s official Twitter account is @GeminiDotCom. The Reddit community for Gemini Dollar is /r/Gemini and the currency’s Github account can be viewed here.

Buying and Selling Gemini Dollar

Gemini Dollar can be traded on the following cryptocurrency exchanges: The Rock Trading, Bibox, DEx.top and HitBTC. It is usually not possible to purchase alternative cryptocurrencies such as Gemini Dollar directly using U.S. dollars. Investors seeking to acquire Gemini Dollar should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Gemini Dollar using one of the aforementioned exchanges.

Receive News & Updates for Gemini Dollar Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for Gemini Dollar and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter.

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Wyoming – the “cryptocurrency” state

The different states in the US have definitely different approaches and attitudes when it comes to cryptocurrencies. Some US states, like New York, …
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The different states in the US have definitely different approaches and attitudes when it comes to cryptocurrencies. Some US states, like New York, for example, are very pro-crypto, introducing legislations and initiatives to promote the use of cryptocurrencies. Other states, like Ohio, are already accepting Bitcoin for certain tax payments.

The latest example of a US state that comes forth with probably a revolutionary idea is Wyoming. In short, Wyoming has introduced a special legislation regarding the legal status of cryptocurrencies. Bitcoin can soon have the same legal status as fiat money.

Wyoming is taking an interesting and strategic step in its efforts to become a cryptocurrency heaven for businesses. While certain countries such as Estonia and Malta have already established themselves as cryptocurrency heavens, Wyoming is poised to become the “Silicon Valley of cryptocurrencies” if the legislation on Bitcoin’s legal status is passed in the House.

According to Forbes and other press, Coinbase, the largest US cryptocurrency exchange resumed its operations in the state after a long “break”. Wyoming has already passed two important bills for the regulation of cryptocurrencies in mid January of 2019.

The bill, according to Forbes, will allow Bitcoin to have a legal status just like regular money. Banks will be able to take custody of the cryptocurrency, if needed. There will be some balance between regulation and “deregulation”.

Bitcoin Cash Trading Down 7.4% This Week (CRYPTO:BCH)

Bitcoin Cash (CURRENCY:BCH) traded down 0.3% against the U.S. dollar during the 1 day period ending at 15:00 PM ET on January 14th. Over the …

Bitcoin Cash logoBitcoin Cash (CURRENCY:BCH) traded down 0.3% against the U.S. dollar during the 1 day period ending at 15:00 PM ET on January 14th. Over the last week, Bitcoin Cash has traded down 7.4% against the U.S. dollar. Bitcoin Cash has a total market capitalization of $2.16 billion and approximately $189.14 million worth of Bitcoin Cash was traded on exchanges in the last day. One Bitcoin Cash coin can currently be bought for about $122.94 or 0.03440372 BTC on exchanges including Bit2C, B2BX, SouthXchange and C2CX.

Here is how related cryptocurrencies have performed over the last day:

  • Bitcoin (BTC) traded down 0.4% against the dollar and now trades at $3,578.01 or 1.00000000 BTC.
  • Steem (STEEM) traded 6.2% higher against the dollar and now trades at $0.39 or 0.00010816 BTC.
  • Unobtanium (UNO) traded 3.7% lower against the dollar and now trades at $71.75 or 0.02008804 BTC.
  • Namecoin (NMC) traded 2.7% lower against the dollar and now trades at $0.70 or 0.00019489 BTC.
  • Counterparty (XCP) traded 3.5% lower against the dollar and now trades at $2.11 or 0.00058984 BTC.
  • Crown (CRW) traded 1.8% lower against the dollar and now trades at $0.11 or 0.00002997 BTC.
  • CHIPS (CHIPS) traded 0.2% lower against the dollar and now trades at $0.0430 or 0.00001203 BTC.
  • Terracoin (TRC) traded 72.4% higher against the dollar and now trades at $0.0189 or 0.00000529 BTC.
  • ATBCoin (ATB) traded 0.1% lower against the dollar and now trades at $0.0085 or 0.00000239 BTC.
  • UnbreakableCoin (UNB) traded flat against the dollar and now trades at $0.11 or 0.00001757 BTC.

About Bitcoin Cash

Bitcoin Cash is a proof-of-work (PoW) coin that uses the SHA-256 hashing algorithm. Its launch date was August 1st, 2017. Bitcoin Cash’s total supply is 17,578,825 coins. The official message board for Bitcoin Cash is bitcointalk.org. Bitcoin Cash’s official website is www.bitcoincash.org. The Reddit community for Bitcoin Cash is /r/Bitcoincash and the currency’s Github account can be viewed here. Bitcoin Cash’s official Twitter account is @bitcolncash and its Facebook page is accessible here.

Bitcoin Cash Coin Trading

Bitcoin Cash can be traded on these cryptocurrency exchanges: Fatbtc, FCoin, Trade Satoshi, OKCoin International, Coinroom, BTC Markets, EXX, Altcoin Trader, Gate.io, IDCM, ZB.COM, CryptoBridge, SouthXchange, BTCC, Bibox, RightBTC, BX Thailand, Coinsquare, CoinExchange, CoinTiger, xBTCe, Cobinhood, Koinim, Independent Reserve, DSX, Stellar Decentralized Exchange, Kucoin, CoinBene, Koineks, Bitfinex, Bleutrade, Huobi, DragonEX, Ovis, ACX, HBUS, Coinsuper, Gatecoin, Zaif, Trade By Trade, Liqui, CoinFalcon, CPDAX, Koinex, ABCC, Cryptohub, Negocie Coins, Bitsane, BiteBTC, BigONE, Poloniex, Exmo, CoinEx, QBTC, Iquant, Coinfloor, Bittylicious, Bit2C, Braziliex, Waves Decentralized Exchange, ChaoEX, Coindeal, Bithumb, CEX.IO, Allcoin, Bisq, Tidex, BitForex, Coinone, TOPBTC, Bitso, Bit-Z, Coinbase Pro, Kraken, GOPAX, Binance, Kuna, Bitstamp, Korbit, Vebitcoin, Upbit, OTCBTC, Stocks.Exchange, bitFlyer, Crex24, HitBTC, Instant Bitex, Zebpay, MBAex, COSS, Indodax, Liquid, Coinbe, Coinrail, Mercado Bitcoin, Buda, Mercatox, Exrates, Cryptomate, BTC Trade UA, Cryptopia, Coinhub, Bitbank, BitBay, Bittrex, cfinex, Coinnest, B2BX, CoinEgg, Graviex, Bitinka, BitMarket, WazirX, BtcTrade.im, YoBit, WEX, UEX, QuadrigaCX, Bitbns, Sistemkoin, C2CX, Livecoin and OKEx. Investors seeking to acquire Bitcoin Cash using US dollars directly can do so using Gemini, Changelly or GDAX.

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