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Justin Theroux has publicly discussed his split from Jennifer Aniston for the first time. In a sit-down with the New York Times , the actor called his divorce with the Friends star “heartbreaking” but “gentle,” per USA Today . According to People , the 47-year-old star of the newly released Netflix series Maniac…
It has been heralded as a vision of the future. A $ 10.75 billion infrastructure investment connecting Hong Kong with China’s high-speed rail network.
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Major South Korean cryptocurrency exchange Upbit will reportedly begin operations in Singapore next month. The new exchange will offer Singapore dollar trading as well as crypto-to-crypto pairs in three markets offered by Bittrex, Upbit’s US-based partner.
Upbit Expands to Singapore
Dunamu Inc., the operator of the Kakao-backed exchange Upbit, said on Wednesday that it is launching a cryptocurrency exchange in Singapore next month, Yonhap reported.
Upbit is currently South Korea’s second largest crypto exchange. At the time of writing, its 24-hour trading volume is approximately $ 229 million, second only to Bithumb which has a 24-hour trading volume of $ 392 million. At present, Upbit has 271 cryptocurrencies listed.
Dunamu established a Singaporean branch office in February and has been preparing for an exchange launch ever since, the news outlet conveyed. Kim Kook-hyun, head of Upbit’s Singaporean branch, was quoted saying:
As Singapore has proactively supported blockchain technology, our advancement into the nation will help us secure many chances to lead a variety of relevant projects and to have global competitiveness.
Without revealing the exact launch date, the company confirmed that it will be in “early October.”
Singapore was picked as the firm’s first overseas expansion because of “the city-state’s strong support for blockchain and related technologies,” the Investor stated, adding that the firm plans to expand to more countries in the future.
At the Upbit Developer Conference held on Jeju Island, Dunamu CEO Lee Sir-goo confirmed that Upbit will not be issuing its own cryptocurrency. Referring to the exchange’s expansion to Singapore, he told reporters:
We don’t want to lose out on the opportunities now…If we wait until the Korean crypto exchange environment improves, we could lag behind our global competitors.
Plans for Upbit Singapore
The new exchange will be headed by Alex Kim who previously served as the head of Kakao Indonesia, the Investor described, elaborating:
The Upbit Singapore [exchange] will be serviced in English and offer Singapore dollar trading. It will also support crypto-to-crypto pairs, including Upbit’s US partner Bittrex’s bitcoin, ethereum and tether markets.
Lee detailed, “In the future we would like to add other fiat currencies and expand to other countries in Southeast Asia,” emphasizing that Upbit will continue to strengthen its partnership with Bittrex as it expands globally.
For the launch promotion, trading fees in the Singapore dollar market will be waived for one month for “users who complete their subscription and self-certification,” the publication noted.
Recently, several companies have expanded to Singapore. Line, the Japanese subsidiary of Korean internet giant Naver, has launched a crypto exchange called Bitbox in Singapore. In addition, Binance is beta testing a fiat exchange in the country, CEO Changpeng Zhao revealed last week.
What do you think of Upbit expanding to Singapore? Let us know in the comments section below.
Images courtesy of Shutterstock and Upbit.
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The Emmy Awards were off and running Monday night, with Kenan Thompson announcing it was the most diverse group of nominees in Emmy history before he and a group of his fellow celebrities launched into a song-and-dance number, “We Solved It,” declaring diversity on TV solved. Unfortunately, at the end…
In a rare move, a Chick-fil-A restaurant in North Carolina got to work Sunday to help with Florence relief efforts.
“Right now, there are more questions than answers.” That’s what Dallas Police Chief Renee Hall told reporters Friday when updating them about a shooting in which it appears an officer entered the wrong unit in her apartment complex and killed a man who was inside, NBC reports. Authorities investigating the…
Located between the mountains and the sea not far from Rio de Janeiro, Paraty is renowned among travelers to Brazil for its scenic views. It features waterfalls, tropical beaches, an historic Portuguese colonial town, and now a Bitcoin-themed hostel.
Bitcoin Hostel in Paraty, Brazil
Hostel Bitcoin is an accommodation for crypto tourists in Paratay, Brazil. According to its Booking.com listing, it features a shared lounge and a bar, and provides access both to the historical town center and the hiking trails. It was created by Alessandro Santos, an architect and engineer which has lived in the city for more than three years.
The owner told local Brazilian media source, Portal do Bitcoin, that all the services offered at the establishment, including meals and tours can be paid for with cryptocurrency. The decision to accept this new means of payment, said Santos, was born of the observation that the many foreigners who visit the area are interested in Bitcoin. “I am well on the route of the waterfalls, where several jeeps pass daily with these tourists and the attention they give to the theme is notorious,” he explained. “Some even ask the jeeps to stop to take photos of the inn,” he added.
Expanding the Local Community
At first only BTC will be accepted at Hostel Bitcoin, but the owner said he plans to eventually accept whatever coins they “can get through a simple account of an exchange like Bitrex.” There are also plans to sell crypto at the hostel, but the owner was not able to share more information just yet “because of a confidentiality agreement.” In addition, the owner of the hostel said he intends to lead a movement to boost the acceptance of cryptocurrency in the area. “I believe that, having a good acceptance, we will be able to expand to the other inns and restaurants in the city,” Santos said.
If you are looking to visit a cool crypto-themed place but can’t make it to Brazil, we recently featured a new venture in China. Hash House is a BCH-accepting cafe and coworking space in the city of Xi’an, home of the famous Terracotta Army.
Are people more likely to frequent a cryptocurrency themed business? Share your thoughts in the comments section below.
Images courtesy of Shutterstock and Booking.com.
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Four people were reported killed Sunday and scores more injured when a gunman opened fire at a Florida video game tournament. Per CNN , attendees were gathered at an officially sanctioned event for the Madden Championship Series event when shots rang out at a riverfront mall in Jacksonville. Per the AP…
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More Stamps Global accepts forty different popular cryptocurrencies, allowing its customers to book flights, hotels, rental cars, and more at a variety of locations around the world. The agency’s launch marks a significant step forward in the adoption of cryptocurrencies.
“More Stamps Global was born from the zeal and hunger to offer freedom of movement and hassle-free travel to the world at large. This enthusiasm led to proper study and research of the travel and tourism industry to enable us to invent better and cheaper methods of embarking on journeys to any part of the world,” said Patrick Amoah, the Founder and CEO of More Stamps Global.
“Our search for a better travel means led us to the blockchain technology and cryptocurrencies, equipping us with a potent weapon to revolutionize the travel and tourism sector. On behalf of the More Stamps Global team, I welcome you to be a part of this revolution. Think More Stamps Global! Think freedom! Freedom of movement with More Stamps Global!”
While there are already some online travel agencies which accept cryptocurrency, many accept just a handful of the most popular, with services limited to just flights. More Stamps Global’s new model allows travelers to book full itineraries and pay for the whole trip using their cryptocurrency funds, a unique model that industry experts are hailing as an important development in the adoption of cryptocurrency as a transactional tool rather than a speculative vehicle only.
The sleek, modern website now means that crypto enthusiasts can book flights and accommodation at some of the world’s most famous destinations. Whether looking to explore the majestic nature of Australia’s Great Barrier Reef, take in the romantic sights of Paris in France, or jump into futuristic Shinjuku in Tokyo, Japan, More Stamps makes the whole trip possible using forty of the world’s most popular cryptocurrencies. Currencies accepted include DigiByte, Ethereum, Litecoin, OmiseGo, Augur, iExec, Salt, 0x, Basic Attention Token, Bitcoin Cash, Bancor, Dash, Decred, among many others.
In the 19th century, French novelist Jules Verne wrote of the adventures of Phileas Fogg in Around the World in Eighty Days – now, in the 21st century, the updated tale may well be Around the World in Forty Cryptocurrencies. The site’s ease of use and global reach, combined with its flexible cryptocurrency prices, has meant that many cryptocurrency investors are already flocking to the site to enjoy a well-deserved break using their speculative gains.
For more information about More Stamps Global, the forty cryptocurrencies it accepts, and how the business is revolutionizing the travel and tourism industry with its groundbreaking new cryptocurrency payment model, please visit https://www.morestamps.global/.
For all general and media inquiries, please contact Patrick Amoah, email him at email@example.com.
About More Stamps Global
More Stamps Global is an online travel agency and crypto-enthusiast industry leader. The company helps intrepid globetrotters from around the world to fill their passports with “More Stamps.” More Stamps Global is the first worldwide online travel agency to accept 40+ individual cryptocurrencies as payment for travel services. Based in Hungary and operating internationally, the company specializes in unique vacation packages and customized itineraries, international and domestic flights, hotel accommodation, and transportation services. A pioneer in the consumer digital asset field, More Stamps Global welcomes and encourages its clients to use safe and secure cryptocurrencies for all online bookings and payments. Please visit www.morestamps.global for more information.
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Crypto exchange Binance is launching a fiat-to-crypto trading platform in Liechtenstein and you can find the details about the joint venture with LCX in The Daily. We’ve also got reports about ZB.com opening a new office in Malta, Coinsilium investing in crypto trading platform Bundle, and the rebranding of the Toshi crypto wallet as Coinbase Wallet.
Binance LCX Launches Fiat-to-Crypto Exchange in Liechtenstein
Binance, the largest cryptocurrency exchange by volume, has announced it’s launching a fiat-to-crypto trading platform in Liechtenstein through a joint venture with LCX.
Binance LCX plans to build up a team of up to 15 professionals for its Liechtenstein office that will manage customer support, legal requirements, due diligence, KYC, AML and government communication, while the team at Binance will provide and maintain the platform.
According to a press release, the new exchange will offer trading for Swiss francs (CHF) and Euros (EUR) against major cryptocurrencies and add more trading pairs in the future. Commenting on the launch of the platform, Binance CEO and founder Changpeng Zhao said:
I believe Binance LCX will create a sustainable and reliable fiat-crypto gateway for professional and regular investors alike. I hope Binance LCX will drive new standards for usability and compliance for the blockchain industry, and we are very excited to bring the relevant experience and best practices to grow our team in Liechtenstein.
Monty C. M. Metzger, CEO of LCX, added: “Professional investors need a reliable fiat channel to invest into crypto assets. We are excited to launch the joint venture with Binance to establish new standards for the blockchain industry.”
Adrian Hasler, Prime Minister of Liechtenstein, welcomed the joint venture and said: “We are confident that Liechtenstein’s existing and future legal framework and practice provide a robust foundation for the Binance LCX and other blockchain companies to provide exceptional services here in Liechtenstein.” The tiny European nation is currently working on its Blockchain Act in order to implement a comprehensive legal framework for the crypto sector.
Crypto Exchange ZB.com to Open Office in Malta
ZB.com, the fifth largest crypto exchange by daily trading volume, is planning to set up operations in Malta, also hailed the Blockchain Island for its efforts to create favorable conditions for companies in the industry. During the Malta Blockchain Summit, the company announced it will open a new office in St Julian’s. The exchange wants to start with crypto-to-crypto trading and intends to eventually offer fiat-to-crypto options as well. Jimmy Zhao, co-founder of ZB.com, said:
Malta is perhaps the world’s most progressive and forward-thinking nation in DLT, crypto and Fintech, and we are very excited to be part of the Blockchain Island. We are confident we will be able to announce our live operations soon.
Maltese authorities have been trying hard to turn the island nation into a crypto-friendly jurisdiction. The parliament in Valletta recently adopted three bills designed to create a clear regulatory framework that will enable the establishment of crypto businesses on the island.
Chinese-run ZB.com is moving in the footsteps of other players in the field – Malta has already attracted crypto exchanges like Binance, which is exploring opportunities to launch a decentralized bank there, Okex, another Chinese exchange which announced in April it is setting foot on the island, and the Polish Bitbay which revealed its plans to move to Malta in May.
Coinsilium Invests in Crypto Trading Platform
Blockchain venture builder Coinsilium Group Ltd has announced an investment of $ 125,000 USD in Bundle Network Ltd, a company developing an online platform to facilitate cryptocurrency trading. As part of the deal, the investor will also receive an entitlement to an undisclosed number of Bundle Network tokens and its chief executive will join Bundle’s board of directors, Proactive Investors reported. Earlier this year, news came out that Coinsilium had been engaged by Bundle to provide advisory services for a token generating event. The company notes that the investment in Bundle is part of a strategy to support “foundational services in the blockchain ecosystem such as the buying and selling of cryptocurrency and tokens.”
Coinbase Was Signing Up 50,000 Users a Day Last Year
Leading U.S., California-based crypto exchange Coinbase was signing up 50,000 new customers daily in 2017, its CEO Brian Armstrong announced during a tech summit in San Francisco, organized by Bloomberg. The chief executive also said the platform helped users trade $ 150 billion worth of cryptocurrency over the past year but did not reveal this year’s rate of new registrations. According to Armstrong, only about 10 percent of cryptos are currently used in real life, including online purchases. “I think it will be quite some time before you cross the street to Starbucks in the U.S. and pay with crypto,” he said. However, he is confident “it’s getting harder and harder to be a crypto skeptic.”
According to another announcement related to the San Francisco headquartered exchange, the crypto mobile wallet Toshi has recently been rebranded as Coinbase Wallet. The exchange posted on Twitter that “This is not just a new name, but part of a larger effort to invest in products that will define the future of the decentralized web and make that future accessible to anyone.” Users of Coinbase wallet can currently manage ethereum (ETH) and ERC20 tokens, with plans to add support for bitcoin core (BTC), bitcoin cash (BCH), and litecoin (LTC) already announced.
What are your thoughts on today’s news tidbits? Tell us in the comments section below.
Images courtesy of Shutterstock, Malta Blockchain Summit, Coinsilium.
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The post The Daily: Binance Launches in Liechtenstein, ZB.com Opens Office in Malta appeared first on Bitcoin News.