cryptocurrency prices

18 Oct 0

Tokyo United Japanese Blockchain Fans meet With the Global Makers

Our first Tokyo meetup, held with our friends at CoinDesk Japan, brought together investors, devs, and crypto lovers.

What do you get when you give a bunch of crypto fans a bunch of beer and pizza?

If you answered “an amazing meetup featuring devs and explorers from all over the world,” then you’re absolutely correct.

brings together both private and institutional investors ….. Tokyo, Japan

Watch The Video here:

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18 Oct 0

Binance Raises Max Margin, Leverage on Bitcoin Futures to 125X

“At 125x leverage, a 100 USDT collateral deposit on Binance Futures will allow users to hold 12,500 USDT in BTC.”

Bitcoin futures on Binance now have a maximum of 125x margin and leverage

Balancing risk with efficiency

According to BInance, highly leveraged trading is being introduced using a “sophisticated risk engine and liquidation model,” a fast matching engine that “enables continuous margin without any jumps, and ‘mark prices’ for preventing unnecessary liquidations and combating market manipulation.”

Changpeng Zhao (CZ), Binance’s CEO, said that the platform has seen increased institutional participation in trading, with professional traders driving the need to introduce cost and performance efficiencies ways to support very fast trades.

Alongside a risk management system, Binance offers traders an ‘insurance fund’ that can reportedly help to limit the chances of auto-deleverage.

Aaron Gong, Director of Binance Futures, said the platform was seeing rising numbers of traders transferring “in and out from spot to futures during volatile periods.”

Read More: https://cointelegraph.com/news/binance-raises-max-margin-leverage-on-bitcoin-futures-to-125x

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cryptocurrency news

18 Oct 0

Bitcoin a ‘Gift’ That Will Change Humanity

Ex-CEO of Google Africa and WeWork South Africa GM Stafford Masie has argued that Bitcoin will revolutionize global trade and a ‘Gift’ That Will Change Humanity

“The third economy is an economy where people don’t have access to electronic forms of distributing value or cash

Think of the people who live two hours outside Shanghai, China’s central coast.

They will use Bitcoin to trade and unlock international transactions outside of the existing frameworks in a manner that you and I cannot imagine.”

“When combined, Apple, Amazon, Alphabet, Facebook and Microsoft’s net asset value represents the same value as S&P 500 companies combined and this is extraordinary because we have never seen the concentration of wealth like this in history. Combined, these companies have value that equates to the gross domestic product rates of some countries.”

formerly the CEO of Google Africa — said that Bitcoin’s provision of an exchange of value without intermediaries is the greatest gift mankind has ever received technologically.

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cryptocurrency news

18 Oct 0

Tourists in Popular Japanese Region Could Soon Use a Local Cryptocurrency

Mitsubishi Research Institute and an Osaka-based railway company are issuing a local cryptocurrency for use in a popular tourist area in Japan.

Mitsubishi Research Institute (MRI) and an Osaka-based railway company are issuing a local cryptocurrency for use in a popular tourist area in Japan’s Mie Prefecture.

The MRI, formed in 1970 by Mitsubishi Group companies, said on Wednesday that the token, dubbed Kintetsu Shimakaze Coin, will be utilizing blockchain and is available only from Nov. 11 to Jan. 31 next year.

It is the fourth such unit created by the two companies as they work to refine the technology and develop relevant processes, procedures and services.

The experiment is a highly limited trial and will take place in the Ise-Shima region, a peninsular area known for its beaches, seafood, pearl cultivation and a national park. Only 15 establishments in the region will accept the coin, including the Shima Spain Village, Miyako Resort Shima Bayside Terrace, Kashikojima Espana Cruise and the Makonde Art Museum.

While the token will be temporary just for the pilot, Kintetsu hopes to eventually issue a permanent cryptocurrency for use along its railway lines, according to a news report from Nikkei.

To use the cryptocurrency, which is a stablecoin pegged to the Japanese yen, users must download the Kintetsu Shimakaze Coin app for registration.

They will be able to top up in 1,000 yen blocks, paying a 10 percent premium, up to 100,000 yen in total. Transfers of the coin will be possible between participants. At the end of the trial period, the coin will be retired and cannot be used.

full report: https://finance.yahoo.com/news/tourists-popular-japanese-region-could-070209424.html

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18 Oct 0

Crypto Exchange Upbit’s Operator Eyes Blockchain in OTC Securities Trading

Dunamu, the operator of Upbit, is releasing a new app this month for trading unlisted securities with a plan to add in blockchain next year.

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18 Oct 0

Binance DEX Prepares to List a BCH-Pegged Token

Binance DEX is preparing to list a BCH-pegged token

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cryptocurrency news

18 Oct 0

Cambodia’s Central Bank Testing Digital Wallet to Ease Cross Border Payments

Cambodia’s Central Bank wants to slash the cost of cross-border payments and is studying how its Bakong digital wallet might help.

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18 Oct 0

Huobi Plans to Open Fiat Gateway with Lira-Tether Pairing in Turkey

Global crypto exchange Huobi plans to roll out a fiat gateway in Turkey that could increase access to more than 250 cryptocurrencies for local investors.

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