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Coinbase and other leaders to unite to prevent the breach of the rules of values
The main companies of encryption in the united States, including Coinbase and Kraken, joined together to launch a rating system to define jointly what assets are digital values. The leaders of the industry of cryptography are taking the initiative to help companies in the space to prevent the breach of the rules of values. Coinbase is joined at the launch by seven other companies: Anchorage, Bittrex, Circle, DRW Cumberland, Genesis, Grayscale Investments and Kraken. Coinbase is joining this movement to provide more clarity on which tokens can be exchanged without the supervision of the regulators. Are expected to be released officially on the 30th of September, the new council of encryption will publish online ratings for digital assets on a scale of 1 to 5 where the higher value means that a certain token is considered as a value that can not issue, sell or market in unregulated companies.
Ripple expands to Iceland and acquires crypto trading
Ripple is expanding its engineering team and moving towards a new geography with the acquisition of the signature of criptocomercio Algrim, with headquarters in Iceland. According to a posting on its blog, the team of Algrim will add six engineers to the ranks of Ripple, with a focus on integrations with exchanges of encryption partners. Ripple, the leader in business solutions blockchain for cross-border payments, today launched operations in Iceland to further expand its presence in Europe. The team will work to expand the corridors of cross-border payments of Ripple and contribute to the continuous product development of liquidity at the request of the company, said Amir Sarhangi, vice president of products from Ripple. However, Ripple has not revealed the financial terms of the acquisition. This acquisition and opening of the office in Iceland to accelerate the global reach of Ripple, bringing strategic partners and financial institutions to RippleNet. Ripple is on a streak of acquisition: last week, the company announced its acquisition of Logos, adding eight engineers to the team Xpring that will lead the charge in the exploration of solutions to a system of finance decentralised (DeFi) built in XRP.
According Bithumb BK Global is in collapse
An agreement to sell Bithumb, the greater exchange of cryptocurrencies of South Korea, runs the risk of falling apart a year after the decision to sell, said industry sources on September 30. According to The Korea Herald the agreement of the firm fintech BK Global Consortium to buy a majority stake in the main exchange of South Korea has not yet been paid in full. Originally it was hoped that the agreement will be completed in February and was extended two times. But the deadline to pay the remaining amount of the acquisition has been extended twice-the latest is September 30. In October 2018, BTC Korean Holdings agreed to sell 51% of their participation in Bithumb the Global Consortium BK for $ 333 million. From that negotiated the agreement, BK Global had made an initial payment of $ 100 million. Until the day of today, the payment has been postponed, which raised even more suspicions about the ability of the company to provide the funds. BK Global planned to make a token offer to raise capital for the acquisition, but supposedly scrapped the plan due to the market downturn of the cryptocurrencies.
The main exchange of cryptocurrencies, Binance will support the redesign of TRON (TRX)
Today, Binance revealed that it would add support for the redesign of TRX from 1 October, with an initial estimate of the rewards that will be calculated to the 1 of November and then will be distributed before the 5 of November. The system will continue in the same database on a monthly basis, according to reports the web site of Binance. On the site, specify that, the initial distribution of the rewards of betting TRX will be calculated to 2019/11/01, with the total amount to be distributed equal to the rewards of bets accumulated in the holdings during the period. Users must have at least 5 TRX to qualify for rewards bet. The following two tabs change content below. Venezuelan, student of the last semester of Social Communication. Attracted by the new technologies and the development that they offer to humanity.