Malaysia’s Biggest Crypto Exchange Luno Set to List Ripple’s XRP

London based crypto exchange Luno is expected to list XRP token onto its platform. The exchange aims to make the XRP tokens available to Malaysians either in December 2019 or early 2020. Luno was recently relaunched in Malaysia at the end of October this year.

Ripple (XRP), which is a real-time gross settlement system and currency exchange network known for its use in cross-border payments, has been looking to build a larger scheme around the coin and over the last few years the idea has seemed to crystallize. Luno has since noticed XRP’s potential and wants to bring the token to Malaysia. The firm’s head of Asia Vijay Ayyar cited,

“What we can say at this time is that we are planning to increase our cryptocurrency offerings as we grow, while keeping customer’s safety and compliance with regulations as our highest priority.”

He continued to say that while Luno would be widely expanding its crypto offerings, it would also be sure to maintain all ethical standards to customers. The ethical standards include ensuring customer’s data safety and complying with rules and regulations. Luno’s South-East General Manager, David Low believes that the ever-growing demand for Ripple’s XRP would be partially met by the Luno listing. Mr. Low explained,

“Ripple also has a remittance use case which we are excited about. That’s why we want to introduce it to Malaysians, as it allows people on the platform to access and learn about it, and figure out new ways to use this technology for their benefits.”

An exclusive interview with the Malaysian Reserve (TMR) revealed that the Securities Commission has already approved Ripple and that Luno will be bringing the cryptocurrency onboard the exchange sometime this December or early next year. This has allowed the company to once again step on the country’s turf. Due to forward looking regulations and high banking rates, Luno is expected to be one of the largest markets in Malaysia.

XRP was created by Ripple Labs Inc., a U.S based currency exchange founded back in 2012. After Ethereum (ETH) and Bitcoin (BTC), XRP has the third largest market capitalization of US$9.2billion.

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Author: Lujan Odera

Bitfury Launches Exonum Enterprise Blockchain As A Service For Corporations And Governments

Bitfury, a Bitcoin Mining leader based in Amsterdam, has launched yet another transformational blockchain product designed for corporations. The firm announced through its medium blog post on Dec 5 that they had released Exonum Enterprise to facilitate private blockchains on its network. This is an improvement to its existing Blockchain as a Service (BaaS) ‘Exonum’ which launched back in 2017 as an open-source platform.

The firm’s CEO, Valery Vavilov, said that the Exonum enterprise will not only improve interoperability but also network security and transparency. Bitfury has been working on Exonum enhancements since its launch two years ago; today the company boasts of a well-proven track record in blockchain scaling for enterprises. It is notable that this tech innovation placed Bitfury in Forbes ‘Blockchain 50’ earlier in 2019.

Exonum blockchain has attracted a number of users in the global arena since it was launched. The Republic of Georgia leveraged the Bitfury tech to register over 2 million land titles within its jurisdiction; they can be validated on the Exonum blockchain. Other significant players who have implemented this blockchain tech include engineering giant Aricent, Ukraine’s Auction State Agency, South Korean hospital, and Synergy University which has validated over 100k diplomas on the Exonum network.

Exonum Enterprise

This advancement by Bitfury will bring a new range of features to improve user experience and blockchain scaling options. Corporations will be able to launch private blockchain networks on Exonum Enterprise in less than five minutes. In addition, the BaaS is built to track blockchain deployments with a standby support tea from the Bitfury DevOps.

Interested clients can easily integrate their private blockchains with Exonum enterprise using the Bitfury Software Development kit. This ecosystem leverages the Exonum consensus algorithm to keep the network running in case of shortcomings like malfunctioning nodes. It is also anchored to the Bitcoin blockchain for upgraded security and data privacy. Finally, the Exonum Enterprise blockchain is designed to accommodate an average of 5000 Tps efficiently.

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Author: Lujan Odera

Thanksgiving Brings New ATH Record for XRP Transactions

  • The increase in transactions has led to substantial speculation that the volume is based on market manipulation.
  • XRP has lost over 2% of its value in the last 24 hours.

The XRP community has a lot to be thankful for at this time of year. Recent reports from AMB Crypto indicate that XRP transactions are increasing, following a surge that just was recorded last week. Now, XRPL transactions have reached yet another all-time high, reaching 4.52 billion on Thursday.

Nik Bougalis, the Software Engineer at Ripple, stated, “That works out to an average sustained rate of 55 tps for 24 hours. Pretty cool.”

The XRP Chart website revealed that the most recent ATH, recorded on November 23rd, came just a day after the whole market fell below $200 billion by market cap. XRP was the most transacted cryptocurrency recorded that day, as Bitcoin and Ethereum followed. Based on this data, Ethereum stood at 631,000 transactions, while Bitcoin only recorded 306,000.

At the start of the year, the XRP transactions were still less than 600,000, prior to the major traction that the crypto asset gained in October. However, considering that the creation of new XRPL accounts didn’t follow this pattern, investors are left with nothing more than confusion and guessing.

Through the month, there’s been a lot of speculations. While some say that much of this volume came from the network’s BTC IOU testing, others are suspicious that market manipulation is taking place. Thomas Silkjær recently tweeted about the surge in transactions, stating that XRPL was capable of handling about 90 transactions each section, even though it was “under attack” by payments that were just burning fees.

GreenEggsnHam, another big member in the crypto community for XRP, posted to Twitter as well, stating that he thought this activity was nothing more than “another manipulation attempt.”

Based on the most recent discoveries by Elliptic, there’s been $400 million in XRP that have been connected with illegal transactions. Overall, those transactions account for under 0.2% of all XRP transactions, which suggests that the transactions are real, rather than padding for the volumes. Elliptic is a blockchain forensics provider from London.

At the time of writing, XRP is the #3 cryptocurrency by market cap, valued at $0.225201. It has lost 2.58% of its value in the last 24 hours.

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Author: Krystle M

California Based Stock and Crypto Exchange, Robinhood, Has Withdrawn its Application for a Banking Charter in the U.S

This tech startup based in California is among those eyeing to tap into the market share currently dominated by oldies in financial services. However, this may be an uphill task given a tech giant like Facebook is yet to get any regulatory approval to launch the Libra crypto project.

California Based Stock and Crypto Exchange, Robinhood, Has Withdrawn its Application for a Banking Charter in the U.S

According to a spokesman from Robinhood, they decided to withdraw the application voluntarily and will continue to focus on financial inclusion. He added that Robinhood is grateful to the parties who walked with them through the charter application procedure.

Robinhood currently enjoys a large capital base advantage having been valued at $7.6 billion back in July; this was after raising $323 million in funds. The digital asset exchange gives some incentives such as zero commissions on crypto and stock trading within its platform. This product has attracted a large clientele to the Robinhood exchange especially young tech savvy investors. In future, the exchange plans to integrate a cash management solution as a replacement for its savings instrument that failed regulatory tests back in 2018.

Despite the claims of voluntary withdrawal, Robinhood’s position is a clear indication of the challenges Tech firms encounter when scaling to financial products. Other firms which have or are currently facing similar challenges include Square and Social Finance.

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Author: Lujan Odera

Matrixport, Startup Created By Bitmain Co-Founder, to Expand to Europe with Zurich Office

A cryptocurrency start based in Singapore called Matrixport is about to open up a new office in Europe. The startup, which was created by the CEO of Bitmain, Jihan Wu, is set to expand to Switzerland by opening an office in Zurich in the coming weeks.

In the new country, Matrixport will be known as “Chaintech” and will offer options for trading, custody and lending services to its clients. The services are set to be similar to the ones which are already being offered in Singapore, where the main branch of the firm is based.

This expansion comes only a few months after Wu first launched the company, meaning that the expansion is happening quite quickly. As soon as Matrixport opened, several ex-Bitmain employees were hired to work there. Most of them were laid off during the bear market last year and this was the chance to rehire them.

The CEO of the startup is Hui Wang, who talked to the Swiss media and affirmed that Matrixport now plans to hire 10 more employees within the timeframe of two years. The new office is set to provide full services for customers, so they will not be redirected to the Asian company in order to access the services offered to them.

In related news, Bitmain’s branches do not seem to be doing so well. Bitmain Switzerland, the company’s subsidiary in Zug, will shut down soon. The branch was originally launched back in 2018 to boost the global reach of the mining manufacturer, but it seems that it was not so successful in this enterprise, after all.

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Author: Gabriel Machado

Monex Ventures into the US Crypto Market Through Its TradeStation Crypto Subsidiary

A subsidiary of Monex Group, a financial service company based in Japan, TradeStation Group will be launching in the United States as a crypto brokerage company. TradeStation Crypto enters the U.S market to address the current weaknesses and concerns in the crypto ecosystem.

Monex Group has gathered brokerage expertise over the last 18 years since its launch in 2001. The company has been registered in each state to operate a money service enterprise, Money Transmittal License, a platform that will support fiat/crypto and crypto/crypto trading pairs.

Initially, TradeStation Crypto will only support five digital currencies, among them being Litecoin (LTC), Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Bitcoin Cash (BCH). However, the brokerage company will soon add other crypto digital assets for their customers to trade-in.

TradeStation Crypto exchange platform is based on global integrations that create a large pool of liquidity. With a large liquidity source, the company will be in a position to discover better prices and at the same time, enhance transparency. The company also goes the extra mile to help its clients avoid the long transaction processes associated with the traditional exchanges.

With TradeStation Crypto, investors will not have to pay fees for large volume trades like is the case with other platforms.

“TradeStation Crypto is not just an ordinary crypto exchange like any other. The company focuses on integrating an order-routing system with multiple liquidity pools to offer its clients a better trade execution and visibility.”

The Crypto exchange is an ideal platform for cryptocurrency trading by institutional investors. The platform facilitates secure market data aggregation, execution algos, back-testing, and execution strategies.

Monex has developed a diversified worldwide crypto brokerage portfolio in the cryptocurrency industry. At the beginning of the year, the company launched a crypto unit with the purpose of studying available opportunities in the industry.

Monex targets Institutional investors in the U.S market. The company is planning to develop a firm grip of the cryptocurrency market by building on the over2,000,000 accounts trading in the exchange.

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Author: Denis Miriti

World Gold Council Studies Interest in Gold Versus Crypto: 18,000 Weigh In on Speculation and Risk

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \ Investment Disclaimer

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Author: Denis Miriti

We Are In a Blockchain Browser Battle We Can Win, Claims Privacy-Focused Brave Founders

The developers of Brave browser are adamant that they can win the privacy battle based on their firm’s capacity to innovate faster, CryptoSlate reports. The co-founders were responding to questions from Reddit users during an AMA session.

After Brave 1.0 was introduced in the market, several Reddit users raised their concerns in regards to the measures adopted to secure data as well as prevent tracking. It is on this basis that the co-founders engaged the Redditors to answer some of their concerns.

Since its release, Brave has witnessed several wins over the year ranging from introduction of fresh features to recruiting new publishers like Wikipedia. In addition, the co-founders revealed that this week, the browser had closed 9 million monthly users.

The success of the new browser can largely be credited to the high demand for online privacy but the browser has taken some of the aspects of the conventional browsers in the market and upgraded them.

One of the co-founders Brendan Eich, who also developed JavaScript programming language as well as being the Mozilla co-founder, engaged Reddit users on some of the aspects of the Brave browser. Although the aim of the AMA session was to explain the components of Brave 1.0, the Redditors were quick to compare the browsers with the competition.

Eich explained that it is easier and quicker to innovate on Brave compared to Mozilla. He stated that Mozilla is a large organization and changes take time before they can be approved and it makes it harder to come up with risky innovations.

However, Eich was taken to task by one Redditor who asked what would happen once Brave grew to the level of Mozilla. Eich replied that he hopes to be through with the risky projects prior to Brave becoming a big organization.

Eich highlighted that prevention of data tracking as well as collection of user data were crucial to the success of Brave. He explained that the entire data in Brave is encrypted and only the user can access it making it hard for data collection. He added that to enhance transparency, it is easier to audit the company since it operates on open source.

Please add a valid coin_id. You can get it from coin page’s url (slug or short name).

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Author: Joseph Kibe

Coinbase, Regal, and Kingdom Trust Partner To Offer Bitcoin IRA & 401k’s Backed by $200M Insurance

Coinbase, known as the most prominent U.S. based crypto exchange, has recently started a partnership with the investment firm Regal Assets and the custodian Kingdom Trust. With the new partnership, the three companies will offer individual retirement accounts (IRA) and 401(k) accounts for clients based in the United States.

In case you are not familiar with the terms, a 401(k) account is a qualified retirement savings plan that is often paid by an employer while an IRA is paid by the individual.

According to a recent press release, the companies will offer the investors access to over 30 different cryptos via Coinbase. The investments will be insured by Lloyd’s of London.

Tyler Gallagher, the CEO of Regal Assets, said that the clients will have the power to make their own decisions about how to invest, but they can also receive guidance from account managers that will aid them to do the best possible choices. At the moment, popular assets such as Bitcoin (BTC), XRP, EOS, Ethereum (ETH), Tezos (XTZ) and Litecoin (LTC) are among the offerings.

The decision of entering this industry came at a time in which crypto companies are starting to focus on the area. Recently, Genesis Capital also decided to offer IRA investments, for instance. Other companies, such as Bitcoin IRA, do it for longer, with its services dating back to 2016 and having over 4,000 clients so far.

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Author: Hank Klinger

Chinese Police Hold MicroBT Crypto Mining Maker’s CEO Over IP Infringement Allegations

Zuoxing Yang, known as the CEO and founder of MicroBT, a BTC miner maker based in China, has been detained and held by the local police. According to reports from local media outlets, the investigation is regarding the infringement of intellectual property by the firm.

Local media outlet BlockBeats cited an inside source who claims that MicroBT is being accused of infringing the copyright of Bitmain. Before founding his own company, Yang worked at Bitmain as a processor design director. He was partly responsible for creating two popular mining models there, the Antminer S7 and S9.

Yang was allegedly unhappy with the economy and eventually decided to leave. He was able to raise $20 million USD to create his own firm. He was first sued for infringement of patent back in 2017, but it was successfully appealed at the time and remained free of any trouble. It does not seem this will be the case again.

Another source cited by the media outlet affirmed that it was still unclear why the police decided to act after so much time, but this could have something to do with Jihan Wu, the CEO Of Bitmain.

Wu came back to Bitmain a few weeks ago and has been working a lot in its direction, so there is a chance that he could be involved in what is happening right now. He decided to come back after the other co-founder, Micree Zhan, was removed from the leadership of the company.

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Author: Gabriel Machado