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Former Los Angeles Times Editor in Chief Lewis D’Vorkin was fired by Tronc Inc. on Thursday and several dozen other employees of the company were laid off.
D’Vorkin was the chief content officer of Tribune Interactive, a newly formed digital business unit of The Times’ parent company. The reason…
Bitfinex has announced the introduction of 12 new ERC-20 tokens. Among the tokens listed is Dai – a stablecoin competitor to Tether.
Bitfinex Announces Trading Pairs for 12 New Altcoins
On April 7th, Bitfinex announced via Medium the introduction of 12 new altcoins on its trading platform. All of the new tokens are ERC-20 tokens (the technical standard for smart contracts hosted on the Ethereum blockchain).
The newly supported altcoins are Aion (AION), Iostoken (IOST), Request Network (REQ), Raiden Network (RDN), Loopring (LRC) Bnktothefuture Token (BFT), Cofound.it (CFI), Wax (WAX), Singularitynet (AGI), Medicalchain (MTN), Odem (ODEM), and Dai (DAI).
BTC, ETH, and USD trading pairs for the newly supported altcoins went live at 4PM UTC on April 7th. Bitfinex’s announcement stated that “The newly introduced token listings have a combined market capitalization of $ 1.1B+ USD.” Margin trading and lending markets for the new tokens “will be enabled gradually, as sufficient liquidity develops.”
Notable Listings Include Dai and Bnktothefuture
The newly listed ERC-20 tokens include Dai, “a digital, decentralized stablecoin built on Ethereum.” The listing of Dai is significant, as the project appears to be in direct competition with major stablecoin, Tether – which shares the same directors as Bitfinex. The exchange stated that “Dai will initially be made available against BTC, ETH, and USD whilst we explore the possibility adding additional DAI pairs.”
The listing of Bnktothefuture Token is also notable, as Bnktothefuture appears to own shares in Bitfinex. Bnktothefuture was also involved in the controversial conversion of BFX tokens into equity in Bitfinex following the devastating hack suffered by the exchange in 2016. On August 22nd, 2016, Bitifinex “formally signed a letter of intent with Bnktothefuture […] to provide solutions towards compensating customers with equity in Bitfinex.”
The Chief Executive Officer of Bitfinex, Jean-Louis van der Velde, stated “The introduction of such a large selection of tokens, representing a diverse array of blockchain-based projects, marks an exciting development for Bitfinex. We are proud to introduce these as we believe that each token serves to strengthen and enliven a unique aspect of the global blockchain ecosystem, and will offer new and exciting trading options for our users.”
Mr. Velde added “We are excited to be going the extra distance to accommodate the needs and expectations of our traders. Looking forward, we will continue to expand our service offerings to best address their needs, and to maintain an advanced and supportive trading platform for the growing digital asset community.”
Do you think that Bitfinex’s decision to list Dai is significant? What do you think the listing of Dai on Bitfinex may indicate for Tether’s future? Share your thoughts in the comments in the section below!
Images courtesy of Shutterstock
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The post Bitfinex Introduces Trading for 12 Altcoins Including Tether Competitor appeared first on Bitcoin News.
On Tuesday, March 13, OB1, the company building the cryptocurrency-centric marketplace Openbazaar, has announced it has raised $ 5 million USD in a recent series A funding round. According to the startup, Omers Ventures and Bitmain Technologies were the lead investors in the funding round for the e-commerce marketplace.
Omer Ventures and Bitmain Lead the $ 5M Series A Funding Round for OB1
Openbazaar is an open source project that has built a platform that facilitates cryptocurrency infused e-commerce transactions. OB1 has launched the Openbazaar platform with its first release back in April of 2016. Since then the protocol has added many additions like a marketplace wallet, Tor integration, and enabling purchases with bitcoin cash and zcash. Over the past few years, over $ 4 million in venture capital has been injected into the project. Now, this week OB1 reveals it has raised another $ 5 million from prior investors like Andreessen Horowitz, Union Square Ventures, and the Digital Currency Group. Moreover, this series funding was led by Omers Ventures and the mining giant Bitmain Technologies.
OB1’s CEO Brian Hoffman says the team is pleased to partner with Omers and Bitmain and hopes the two large firms will help bolster “the future of free trade on the Internet worldwide.” Hoffman explains during the announcement:
Our goal is to see the Openbazaar protocol and software empower business owners and consumers alike to shift away from the corporate-controlled legacy systems and engage in e-commerce in a free, fair and independent way.
Trading Expansion and an Openbazaar Mobile Platform
The company says it plans to continue expanding Openbazaar in order to give users more flexibility to buy and sell goods in a decentralized manner. This year the OB1 development team plans to release a mobile version of Openbazaar and offer new ways to trade in a peer-to-peer fashion.
“Such as making requests and buying and selling cryptocurrencies,” explains the company. “OB1 is also expanding the services it offers to users on OpenBazaar, such as the Verified Moderators program, released this week.”
The funding news follows the development teams recent multi-currency integration and the increase of 25,000 Openbazaar nodes. Alongside the recent announcement of the Openbazaar token (OBT) which will be based on the ethereum blockchain and aims to process smart contracts within the marketplace environment.
What do you think about Openbazaar raising $ 5M USD from Omer, Bitmain, and others? Let us know what you think in the comments below.
Images via Shutterstock, Bitmain, Omers Ventures, and Bitmain.
Need to calculate your bitcoin holdings? Check our tools section.
The post Openbazaar Raises $ 5M from Investors Including Bitmain appeared first on Bitcoin News.
The U.K. Treasury chief is planning to say Wednesday that it is in the interest of the EU to include financial services in a free-trade deal with the U.K. after Brexit, a day after his French counterpart ruled it out.
WSJ.com: What’s News Europe
“Pharma Bro” Martin Shkreli appeared in court Friday for the first time since a judge locked him up for his online antics, hearing the government argue that he’s on the hook for more than $ 7 million in connection with his securities fraud conviction.
The brash former pharmaceutical chief executive…
A gunman fatally shot a total of four people at two locations Saturday afternoon in Johnson County, Ky., before turning the gun on himself, authorities said.
Dell is considering a range of options that could transform the maker of PCs and data-storage devices, according to people familiar with the matter.
WSJ.com: US Business
Kodak Black was just arrested in Florida on a slew of charges including grand theft of firearm, possession of marijuana and neglecting a child. Details of the arrest are currently unclear, but the rapper was hit with 7 charges in total. -Grand theft…
Amazon.com Inc. said Thursday that it has narrowed the list of cities under consideration for its second headquarters to 20. Los Angeles is on the list, but the largest concentration of contenders is in the Northeast.
Amazon, based in Seattle, plans to invest $ 5 billion in the new headquarters…
Winter Storm Inga swept the South from Texas to Florida and even north to Massachusets on Wednesday, killing at least 10 people and wreaking havoc on flights.