Binance Decentralized Exchange To Launch Early Next Year

Binance CEO Changpeng Zhao (CZ) believes that decentralized exchanges are the future and he wants to position his company well ahead of the competition.

He adds that the pivot towards decentralized exchanges will not happen overnight, he states that it may happen from a year from now or even five years but no matter how long it takes, the company is poised to be ready well ahead of time as they have a dedicated team working on the initiative.

Back in August CZ have shared a short video demonstrating Binance Decentralize Exchange (DEX), showing issuing, listing and trading of tokens.

The demo was all done in command line.

Recently CZ has stated in tweeter that the DEX will be using its native token Binance Coin (BNB) as gas for exchange functions and will not be controlling user funds in any manner.

He also adds that the new Binance DEX could be ready before the year ends or early next year.

Hublot Releases New Luxury Watch Model For Crytpo Sales Only

Hublot, a Swiss luxury watchmaker has recently announced a release of its limited new watch Big Bang Blockchain.

The new model was released to commemorate the upcoming 10th anniversary of Bitcoin (BTC).

The watch is a 210-piece limited edition and can only be purchased with BTC.

210 pieces symbolizes the fact that the number of Bitcoin will never exceed 1 million.

The elite Swiss brand has partnered with Octagon Strategy Limited (OSL), a major Asian digital asset brokerage, to promote and sell the model which will help process customer data during the pre-sale.

Hublot pays tribute to blockchain technology calling it a revolution in the financial system that has unlimited possibility of usage in different aspects in various industry norms and trade.

The watch will be available for purchase using Bitcoins and other cryptocurrencies (Litecoin, Monero and Ethereum).

SFOX Institutional Crypto Dealer Adds Litecoin

A cryptocurrency prime dealer that caters to institutional investors and high-volume professional traders, SFOX has recently added Litecoin making it the fourth cryptocurrency listed on its platform.

The firm reveals that the addition of the digital asset was in response to demand from its institutional client base.

According to Akbar Thobhani, CEO of SFOX, his company is used to Wall Street standards and will only add cryptocurrencies that they are completely confident in.

He also adds that Litecoin has utility and liquidity and is supported by a great community and team at Litecoin Foundation.

The founder of Litecoin Charlie Lee as expressed his elation on the new partnership stating that the partnership increases liquidity and institutional exposure for Litecoin.

He also states that they are looking forward to provide support through the Litecoin Foundation to help make the partnership a success.

Coinbase Releases Two New Crypto Services For Consumer Education and Retail Investor Guidance

Coinbase has added two new services in its platform that will help new investors to learn and serve as a guide for them.

The company understands that blockchain technology underpinning cryptocurrencies are relatively new and complex to most.

To make it even worse the sheer number of digital assets available in the space makes investment in this nascent industry quite an overwhelming experience to most beginners.

To help this barrier to entry Coinbase created an information database featuring coins from the top 50 cryptocurrencies by market capitalization.

Aside from the new educational asset pages, the crypto exchange has also launched Coinbase Learn Platform which will help investors get educated with cryptocurrencies.

The firm hopes that by providing investors with a wealth of valuable information they will be more comfortable and more apt to dive into the cryptocurrency market.

As an additional help for beginners who are still undecided on what digital assets they want to invest on Coinbase is releasing a new product called Coinbase Bundle.

In essence it is an index fund for crypto investors which are weighted by market capitalization.

Congress Will Not Pass Crypto Related Bills Soon

A government enforcement defense and securities litigation attorney at Kobre & Kim LLP, Jake Chervinsky said that the congress will not be passing any cryptocurrency-related bill soon.

This is according to an insider in Capitol Hill that revealed to him that no one is really talking about the nascent industry.

However inaction should not be viewed as necessarily negative.

There is not enough money in the space to form lobbying infrastructure to get Congress to pass legislation.

The approval of crypto and blockchain-related legislation to solidify existing federal and state-level regulatory frameworks surrounding the emerging asset class could have a positive impact on the market’s long-term growth.

All is not lost for cryptocurrency-related legislation as one of the top cryptocurrency by market capitalization, Ripple has formed a coalition of fintech startups and blockchain projects to convince the Congress to pass the first cryptocurrency legislation.

Headlines for the world of Cryptocurrencies - September 30, 2018 10% Chinese Middle Class Invest On Crypto / Google-Backed Fintech Using Crypto For Global Money Transfers / Metal–Backed Cryptocurrency Being Offered By Swiss-Based Asset Management / Cryptocurrencies Should Be Treated As Commodities According To U.S. Judge / UnionBank Of The Philippines Joins Blockchain Network Led By JP Morgan
Headlines for the world of Cryptocurrencies - September 29, 2018 Porsche Increasing Investment On Emerging Technologies / Cyptocurrency Law In Malta Will Take Effect On November 1, 2018 / Crypto Leaders Urges U.S. Congress To Accelerate Regulations Or They Might Just Leave / Is China Really Banning Cryptos? / UBS Ex-Bankers Are Building A Crypto Bank
Headlines for the world of Cryptocurrencies - September 28, 2018 Bakkt Will Launch Physical Bitcoin Futures / Coinbase Accelerating Its Digital Asset Listing / Google Unbans Crypto Ads / JP Morgan Increasing Its Blockchain-Powered Network Participants / BitPay Partners with BTC.com With BIP70 Support