Crypto 360°

Saturday, 15 September 2018

Huobi To Claim Majority Stake In Cryptocurrency Exchange, BitTrade

Cryptocurrency exchange Huobi has an accumulated trading volume of $1 trillion ever since it was established in 2013.

Mr. Eric Cheng, a Singapore-based entrepreneur announced on September 12 that Huobi Japan Holding Ltd (Huobi) will claim a majority stake in Mr. Cheng’s wholly owned Japanese-licensed cryptocurrency exchange, BitTrade Co. Ltd (BitTrade).

Since its establishment in 2013, Huobi which is one of the world’s largest digital asset exchanges has accumulated a trading volume of over $1 trillion. The Huobi exchange presently serves millions of users across the world. The Huobi exchange has compliance teams in Korea, Hong Kong, Singapore, Australia, Luxembourg, the UAE and other countries around the world.

Presently, the BitTrade cryptocurrency exchange is one of the 16 regulated and Japanese government-approved crypto trading platforms. Amidst the growing demand for cryptocurrency trading that has swept across the globe, BitTrade is positioned to tap the growing demand for cryptocurrency trading in Japan.

With regards to the strategic partnership between BitTrade and Huobi, Mr. Cheng said that they are delighted to partner with a global leader like Huobi in the crypto industry, that continues to grow exponentially. He said that together they will leverage on Huobi’s global footprint, advanced security systems and an excellent management team to help BitTrade achieve a market-leading position in Japan.

In his reaction, Mr. Chris Lee, Chief Financial Officer and Board Secretary, Huobi said that they have found the right partner in Mr. Cheng. He said that Mr. Cheng has demonstrated his capabilities as an international entrepreneur with a strong track record, as stated in the Business Insider report. He added that they intend to leverage on Mr. Cheng’s passion for blockchain technology and international network, as they continue to expand geographically.

In June, Mr. Cheng, acquired the BitTrade cryptocurrency exchange and its affiliate company FX Trade for $50 million, as mentioned in the CryptoGlobe report. Mr. Cheng became the first foreign investor to acquire a full stake in a forex and crypto trading platform that’s regulated by Japan’s FSA.

The post Huobi To Claim Majority Stake In Cryptocurrency Exchange, BitTrade appeared first on OWLT Market.

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We Are Now Planning To Launch Bittrex Malta Says Bill Shihara, CEO Bittrex Crypto Exchange

Bill Shihara, CEO Bittrex crypto exchange said that with the launch of Bittrex Malta, it will be faster to list tokens.

The U.S.-based Bittrex crypto exchange announced on September 14 that it plans to launch Bittrex Malta, on October 1, as part of its global expansion plans. Co-founder and CEO of Bittrex, Bill Shihara said at the recently held Dunamu Developer Conference on Jeju Island that this launch of Bittrex Malta will allow them to list tokens a lot faster.

Bill Shihara also emphasized the fact that the coin listing process will not only be much faster but also much easier in Malta. Malta, which is the European Union’s smallest state, has recently been emerging as the new cryptocurrency hub. No fees will be charged by the exchange for listing.

Crypto exchange Bittrex’s Malta entry will act as a boon for other global exchanges within the Bittrex network to introduce coins faster on their respective exchanges, Shihara said. This will also act as a boon for the Dunamu’s Upbit exchange in Korea. The Upbit exchange, which is one of the largest exchanges in Korea, launched its services in October last year in partnership with Bittrex.

The Bittrex exchange started offering U.S. dollar trading in May this year. The exchange, however, mentioned that it does not have any plans of adding other fiat currencies at the moment. The exchange added that it, however, intends to continue listing more digital currencies that trade against the U.S. dollar, as mentioned in the Investor report.

Crypto exchange Bittrex has recently established a subsidiary in Malta as well as Bittrex International, an affiliated company to manage all its overseas operations. Bittrex Malta is designed to operate within the regulatory framework established by the Maltese government and the European Union. The exchange mentioned that every digital asset listed on Bittrex Malta will be available for their international network of partner exchanges to launch as mentioned in the Bitcoin News report.

The post We Are Now Planning To Launch Bittrex Malta Says Bill Shihara, CEO Bittrex Crypto Exchange appeared first on OWLT Market.

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Cryptocurrency and Blockchain Hugely Popular at Universities This article was originally posted on Bitcoinist - one of the leading sources for information about Bitcoin, digital currency and blockchain technology. With one of [...]

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ICON Awards Single Out Best Global ICO Projects

The first global awards for felicitating the best ICO projects have been set in motion in London. The finest blockchain projects are expected to be awarded at the ceremony.

The ICON Award will pick out the finest global ICO projects and reward success and talent with international recognition. Dubliner Jillian Godsil, a columnist associated with the platform is also the co-founder of these awards.

ICO Sofa’s Adam Hill and DisPRuptive PR’s founder Clara Florey had this unique idea of acknowledging as well as celebrating not through experts but through a system of public voting to pick the best ICOs in the world.

A global team of domain experts joins them to give shape to this brilliant idea. The team includes Oliver Cheatham (New York), Pedro Borges (Sao Paulo), Peter Kristensen (Florida), and Jillian Godsil (Dublin).

According to Florey, the world of ICOs is a fast-moving one but there was no initiative earlier to acknowledge the success of such projects internationally. At the same time, a positive sign was that capital was being raised. While there were some rating sites, it appeared that the experts could be convinced to rate their favorites.

The awards are scheduled to be hosted at London on December 7 this year. A mystery celebrity guest will host the event and the ceremony is expected to be a highly glamorous one with the key players of the cryptocurrency stakeholders attending the affair, IrishCentral wrote.

First Islamic Crypto Exchange

In other news, the First Islamic Crypto Exchange is being developed by ADAB Solutions which will be based on the Shariah Law. It is expected to list some of the best ICOs from around the world. The implementation is expected to come up with a global infrastructure, which will operate on the idea of Islamic Finance. It is also expected to come up with the solution for the issues related to halal cryptocurrency transactions, The Coin Shark reported.

The post ICON Awards Single Out Best Global ICO Projects appeared first on OWLT Market.

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