Cryptocurrency exchange OKEx is to launch a range of cryptocurrency-based futures contracts settled in the stablecoin tether (USDT).
The exchange will support USDT pairs including bitcoin (BTC), ether (ETH), bitcoin cash (BCH), EOS, XRP, bitcoin SV (BSV) and Tron (TRX) with leverage between 1 and 100x when trading commences on Nov. 6, according to a press release issued Tuesday.
The firm claims its linear futures contracts will be easier for newbie traders to handle, as holders do not have to hedge the margin risk as they would with inverse contracts.
The following article originally appeared in Institutional Crypto by CoinDesk, a weekly newsletter focused on institutional investment in crypto assets. Sign up for free here.
Ever since U.S. Securities and Exchange (SEC) commissioner William Hinman said last year that a digital asset could start out a security but cease to be one when it was “sufficiently decentralized,” token issuers and investors have been eager for a quantification of what that means.
The recent SEC action halting the distribution of Telegram’s TON blockchain tokens may finally have shed light on that – just not in the way we expected.
The end result could be a new type of token financing that mirrors an emerging trend seen in traditional markets.
Binance has added a fiat-to-crypto gateway for Nigeria’s Niara (NGN), the company said.
Facilitated by payments network Flutterwave, the addition starts a new phase of Binance adding sub-Saharan fiat pairs, the company said in a statement. In “the near future” the high-volume global exchange will also introduce gateways for South Africa’s Rand (ZAR) and Kenya’s Shilling (KES), Binance said.
At launch, Binance limited the Nigerian trading pairs to BUSD/NGN, BNB/NGN and BTC/NGN. Investors can deposit between 150 NGN (about $.40) and 430,000 NGN (about $1,200) for a 1.4% fee, Binance said in a blog post.
WASHINGTON – Facebook CEO Mark Zuckerberg told lawmakers that the company would pull out of the Libra Association in the event the consortium launched its proposed cryptocurrency without all needed regulatory approvals.
In a hearing of the House Financial Services Committee Wednesday, Zuckerberg fielded pointed questions on a variety of controversial issues around the social network, from election meddling to housing discrimination to deepfakes. But Libra, the proposed price-stable cryptocurrency Facebook conceived and set up the association to run, was the foremost item on the agenda
Read more :https://www.coindesk.com/zuckerberg-facebook-would-quit-libra-if-association-launched-prematurely
Once again, Facebook will face the fire on Capitol Hill on Wednesday, with the Libra cryptocurrency project taking center stage.
Mark Zuckerberg, the social media giant’s founder and CEO, will testify before the House of Representatives Financial Services Committee, arguing that Libra will benefit unbanked individuals and that the U.S. should allow Libra to launch. He’ll also be defending his company’s recent record on discrimination, among other issues.
And as with Libra’s previous trip to the Hill, lawmakers are expected to focus more on Facebook the company than the cryptocurrency project it is leading.
Cryptocurrency exchange Binance is soon to launch its first fiat-to-cryptocurrency trading pairs.
Speaking at the Open Innovations 2019 conference in Moscow on Monday, CEO Changpeng “CZ” Zhao confirmed that fiat options are on the way, kicking off with the Russian ruble:
“We’re adding support for fiat trading. In about two weeks or so, we should have support for Russian ruble trading, direct.”
Until now, the company’s primary service, binance.com, has only supported crypto-to-crypto trading. However, it has launched local fiat gateways in Uganda, Singapore, Jersey and, most recently, the U.S.
Telegram is pushing back against the U.S. Securities and Exchange Commission (SEC).
The messaging platform filed a response to the securities regulator Wednesday, writing that the SEC’s emergency injunction last week was unwarranted. Telegram is asking a federal court to deny the regulator’s motion to enforce a subpoena.
Further, Telegram argued its upcoming gram token is not a security, and the SEC should not be able to force the company to produce documents or witnesses about its blockchain project.
The Oxford English Dictionary, published by the Oxford University Press, has added “satoshi” to its compendium of the English language.
First used less than seven years ago, satoshi is the newest word added to the dictionary. The addition was made as part of a quarterly update to the respected source’s database that also includes the words “Manhattanhenge,” “whatevs” and a revised history of “fake news.”
Ford is giving a little more road to a blockchain pilot program aimed at improving fuel efficiency.
On Tuesday, the auto-giant said it will use blockchain to monitor and automatically implement fuel efficient driving modes for a fleet of vehicles in Cologne, Germany. This is part of a wider pilot program also happening in London and Valencia, Spain.
In collaboration with the City of Cologne, Ford outfitted 10 plug-in hybrid electric vehicles with cellular modems that enable geofencing. As the vehicles enter low-emission zones, they will automatically switch to electric-drive.
The metadata, such as when the vehicle enters or exits a zone as well as the miles driven, will be recorded to a blockchain.
The pilot addresses the issues municipal authorities face in administering and implementing low-emissions zones by transmitting data to officials in real-time.