Day: October 11, 2018

Bitfinex pauses USD deposits after Bitcoin [BTC] drops: $2.3 billion at stake as insolvency rumors threaten USDT legitimacy

Reportedly, Bitfinex, a prominent cryptocurrency exchange, has paused USD deposits to their exchange. This comes after last week’s various rumors that the exchange was insolvent, which led the management to release a statement stating that they were not. The exchange has come under scrutiny for the wide use of USD Tether stablecoin. There have not […]

GoByte launches mobile payment app and wallet with no transaction fees for merchants

GoByte has released their mobile app which allows merchants to bypass charges while accepting digital currency and provides consumers with a seamless and easy-to-use shop experience. GoByte Pay mobile is available today on the iOS app store and on google play for Android and offers free payment solution which is accessible to any business owner while remaining […]

 

Bitcoin [BTC] and other cryptocurrencies should be called ‘digital tokens’ says MAS’ Ravi Menon

In a recent interview with Bloomberg, Ravi Menon, managing director at the Monetary Authority of Singapore [MAS], spoke about the present cryptocurrency scenario and also pointed out the different use cases of utility tokens and security tokens. Menon stated that cryptocurrencies like Bitcoin [BTC] should not be called currencies but should rather be called ‘digital […]

 

OKEx announces new partnership; Genesis Vision to get access to over five hundred digital assets

OKEx, the second largest cryptocurrency exchange in terms of trading volume in the world, recently announced a partnership with Genesis Vision, a platform that aims at providing a private trust management market. The report stated that the Genesis Vision managers will be able to directly trade on the OKEx exchange platform. An investor can become a manager on […]