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Yapizon! South Korean Bitcoin starts trading Bitcoin cash

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The South Korean bitcoin exchange has been growing in popularity despite the previous issues including hacks. The virtual currency exchange Yapizon announced in late July 2017,  a new strategy that relied on exchanging Bitcoin Cash tokens in order to improve their position on the market.

The strategy

South Korean digital currency exchanges, are looking to improve and widen their reach on the market by including the Bitcoin Cash token, the idea is that this move will increase the popularity and the amount of trading volume of Bitcoin Cash during the first few days and hopefully help South Korea earn a very interesting place in the virtual market.

The customers are of course, waiting for this opportunity either to sell their Bitcoin Cash tokens or purchase more tokens depending on their personal benefits, either way the expectations are, trade trade trade.

Yapizon’s dark past

Yapizon hasn’t been celebrating every moment, there has been some dark times including the major hack in april of this year in which the company lost a total of 3,816 Bitcoins, and more than that, Yapizon lost the trust o their customers which is very hard to win.

The company’s reputation took a big hit, and after the cyber attack, it was a known that the users needed to be paid back in the future but it is still unclear, however, if the users were reimbursed or not, in which case is another big hit to their customers trust in Yapizon.

In order to regain some momentum, Yapizon announced the Bitcoin Cash strategy so that  users of Bitcoin Cash can give a warm welcome to the addition of another exchange to trade the digital currency giving the disappointed customers a good reason to come back and enjoy a new fresh idea, and still feel like they’re making the right choice when being part of Yapizon.

 

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Ripple and China new Partnership

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The China-based payment services provider LianLian International has just begun a partnership with Ripple Net so that they can offer a better service when it comes to cross border transactions with customers in the US, China and in Europe.

Ripple new Partnership

Ripple

Brad Garlinghouse, CEO of Ripple, published a tweet saying that RippleNet “just opened the door to the largest e-commerce market in the world”

The Chinese company will use Ripple’s centralized software payment solution, xCurrent, which was made to work with financial institutions by allowing banks to confirm payment details in real time before every transaction.

Among LianLian’s partnerships, there is PayPal, Apple, Amazon and Ebay.

Arthur Zhu, CEO of LianLian, said:

“With RippleNet, we will further enhance that experience and increase our market share by offering customers instant, blockchain-powered payments across the 19 currencies that we currently support. We look forward to working with Ripple to power payment flows between China and RippleNet members in new markets.”

RippleNet and LianLian’s partnership comes after China has been tight on cryptocurrency regulation, removing crypto-related ads on social media and search engines and even banning foreign exchanges on top of the earlier domestic exchange restrictions.

 

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Kevin Hobbs from Vanbex Group on Blockchain

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Kevin Hobbs CEO of Vanbex Group recently shared his thoughts aboutthe biggest trends of today and Blockchain adoption with the Investing News Network.

Vanbex Group

Vanbex

He spoke at the CanTech Investment Conference talking about Blockchain and how many industries are starting to get interested in the technology.

“Some companies [are] coming in and changing their name from one thing to blockchain just to grab the hype, and then [there are] other companies who are getting in for real-world applications because they see the benefits of this” he said. “We’re going to see a big leap this year in companies changing their current ways of business to adapt to blockchain.”

Vanbex Group focuses in consulting, communications and developments that will help the evolution of the Blockchain.

“It’s simple. Look at the founders, look at the technology–do they need blockchain? Do they need a token? If they do, does that token attach to their business model? Do they have technology?” Hobbs stated. “Can they really try and solve the problems that they’re trying to solve?”

Source: https://investingnews.com/category/daily/tech-investing/blockchain-investing/

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SEC, CFTC Crypto Meeting in the US

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The Securities and Exchange Commission(SEC) and Commodity Futures Trading Commission (CFTC) meeting recently took place today, Feb. 6. The written testimonies of Jay Clayton and J. Christopher Giancarlo, the chairmen of the SEC and the CFTC respectively, have now been released publicly.

SEC/CFTC

SEC chairman Jay Clayton talked about the importance of distinguishing between ICOs as securities and non-securities.

Clayton said:

“Investors should understand that to date no ICOs have been registered with the SEC, and the SEC also has not approved for listing and trading any exchange-traded products (such as ETFs) holding cryptocurrencies or other assets related to cryptocurrencies. If any person today says otherwise, investors should be especially wary.”

A co-authored article in the Wall Street Journal showed both officials’ perspectives on the issue of cryptos, appearing during the World Economic Forum 2018 in Davos last month.

During the event many politicians had a voice to talk about the importance of cryptocurrency regulations.

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