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| October 21, 2018

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Exchanges Roundup: Yobit Unveils Random Coin Pump, Okcoin USA Plans Stablecoin

October 11, 2018 |

In recent news pertaining to crypto exchanges, Yobit has announced a “random coin” pump for Oct. 11, the founder of Okgroup has announced Okcoin USA’s plan to launch a stablecoin, and Coinbase’s chief policy officer has predicted that the exchange will attain Japanese regulatory approval by 2019.

Also Read: A Bitcoin Rat Is Occupying Wall Street

Skepticism on Twitter over
Aggressive Yobit Campaign

Yobit, the shadowy Russian cryptocurrency exchange, has announced an upcoming “Yobit Pump” scheduled for 9 a.m. EDT on Oct. 11. According to Yobit’s Twitter, the pump will see Yobit purchase one random coin for 1 BTC every one to two minutes, 10 times.

The comments section beneath the tweet shows a predominantly critical reaction to an aggressive promotional campaign premeditated by an exchange that’s already mired in controversy. Last year, Forbes Ukraine reported that Roskomnadzor, the Russian telecommunications regulator, had launched juridical proceedings against Yobit, with Roskomnadzor seeking to block Russian IP addresses from accessing the exchange.

In 2016, Waves also published a warning pertaining to Yobit after the exchange listed a waves/BTC pairing, even though users were unable to withdraw the cryptocurrency from private Waves wallets at the time.

Okgroup Founder Vows Full Compliance
with Planned Stablecoin

Exchanges Roundup: Yobit Random Coin Pump, Okcoin USA StablecoinStar Xu, the founder of Okgroup, has announced that Okcoin USA is planning on entering the stablecoin market.

In a recent tweet, Mr. Xu posted: “Embracing the tide of technology, the launch of a #CNY backed #stablecoin is an inevitable trend, and it will significantly improve the internationalization of the RMB. OKCoin USA will launch a fully compliant stablecoin.” Xu added that “the dollar-pegged #stablecoin regulated by the U.S. government will strengthen the penetration of the U.S. dollar 100 fold.”

Xu also spoke in favor of stablecoins, stating: “Stablecoins are in essence electronic cash. They have the same attributes. The central bank issues the currency and then it is distributed peer-to-peer. The difference is it’s electronic. Today, the amount of cash in China’s domestic monetary system is not small.”

Coinbase Executive Optimistic About Securing Regulatory Approval in Japan

Exchanges Roundup: Yobit Random Coin Pump, Okcoin USA StablecoinIn a recent interview with Nikkei Asian Review, Mike Lempres, the chief policy officer of Coinbase, optimistically discussed the exchange’s desire to obtain regulatory approval to operate in Japan.

Lempres stated that talks are “going well” with Japan’s Financial Services Authority, adding: “We are … committed to getting it done. It will certainly be in 2019.”

Lempres also spoke favorably of the Japanese regulatory system relating to cryptocurrencies. “The Japanese government is more focused on security,” he explained. “That is good for us … Japan has been an active large market from the very beginning, and has proved resilient as it bounces back from several bad experiences. We think there is great demand for a trusted provider of services here.”

Despite his praise for Japan’s crypto regulations, Lempres noted that there are still several issues to be resolved, including whether or not the regulator would require Coinbase to manage its systems from within Japan in order to obtain a license. “We have everything built to protect our storage … in the U.S,” he stated. “We won’t do anything to even raise (the) possibility of a hack. It would be hard for us to duplicate what we do in the U.S. today in Japan and other countries.”

What is your response to Yobit’s random coin pump? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Twitter


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PR: Decentralized Messenger ECHT Tokens Listed on YoBit and Tidex Exchanges

March 29, 2018 |

Decentralized Messenger ECHT Tokens Listed on YoBit and Tidex Exchanges

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

Dear e-Chat users! Our team has succeeded in negotiations for collaboration with two major cryptocurrency exchanges: YoBit and Tidex . Both sides are sure that our partnership will provide more opportunities for users to trade e-Chat tokens.

Tidex is a cryptocurrency exchange and bitcoin trading platform that emphasizes low fees of 0.1%, while its trading volume reaches $ 18 million daily! Tidex is a Bitcoin and altcoin exchange that support tokens on Ethereum and Waves. One of the main features of Tidex is that users don’t need to verify their identity to make trades, allowing to remain anonymous while performing any operations with cryptocurrencies. Currently, the exchange has 79 listed coins.

More than 27,4 million people visit the YoBit exchange platform monthly and generate $ 32 million trade volume each day. The platform introduced a new investment opportunity for its users, called Investbox. With Investbox, users can earn from 0.1% to 10% per day by placing free coins in the YoBit investment plan.

As cryptocurrency continues to expand all over the globe, new questions rise on the potential of the blockchain. Thus, such innovative product as e-Chat will utilize the blockchain as a way to track and even monetize every aspect of the network in real-time. The app, now available in both the App Store and Google Play, opens up new possibilities for bloggers, business owners, artists, writers, actors via crypto-monetization. Merging social media with that form of advanced monetization may not only change the way we send messages, but how we do business online.

Even more importantly, 18 important figures have presented their clear endorsements of the e-Chat brand. Those eighteen figures are as follows: travel blogger Jay Alvarrez with 6MM followers, “Queen of the Leg-Split” and one of the top ten Chinese models Teng Youyou, Russian presidential candidate for 2018 Xenia Sobchak, and the “Watermelon Sister” Wu Qiong.

Other endorsements include blogger Jasse Golden with 200K followers, the infamous Internet blogger and fashion star Fanfan, well known Instagramer and Russian TV host, Anastasia Ivleeva, actress and designer, Olga Buzova, with 12.1MM subscribers, and the most famous Yizhibo star Bao Linhui.

The list still continues with renowned actress Anastasia Samburskaya, supermodel Nika Viper, journalist Viktoria Bonya, actress Natalia Rudova, TV host Alena Vodonaeva, ambassador of FIFA WC 2018 Viktoria Lopyreva, designer and blogger Aiza Anohina with 1.5MM subscribers, supermodel and blogger Masha Minogarova, and top business blogger Dmitry Portnyagin.

The blockchain brand revolutionizing social media still plans on further growth beyond that. For more information, news, updates, and stories behind the newest sensation of the blockchain, visit the e-chat.io’s site right now!

Unit 25A,
Wing Hing Commercial Building,
139 Wing Lok Street,
Sheung Wan, Hong Kong
+8 (528) 009-06441 – Hong Kong
https://investors.echat.io

Contact Email Address
marketing@echat.io
Supporting Link
https://investors.echat.io

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

The post PR: Decentralized Messenger ECHT Tokens Listed on YoBit and Tidex Exchanges appeared first on Bitcoin News.

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