First posted at https://ethereumworldnews.com/binance-news-update-otc-trading-fiat-on-ramp-s-a-rand-and-flexible-deposits-ltc-trx/

In brief:

• The team at Binance has made 3 major announcements in less than 24 hours. 
• Firstly, Binance launched a new Fiat on-ramp for the South African Rand (ZAR). 
• Secondly, the team launched a new OTC trading portal. 
• Thirdly, flexible deposits are now available for Litecoin (LTC) and Tron (TRX).

The last 24 hours have been an eventful period in both the crypto markets and at the popular exchange of Binance. To begin with, the crypto market capitalization has gained approximately $10 Billion, rising from $175 Billion to $186 Billion in the same time period. Bitcoin (BTC) is currently trading at $6,655 after bouncing off the $6,200 support zone. With respect to the crypto exchange of Binance, the team has consistently made valuable additions to the products and services offered by the platform.

Fiat On-ramp for the S. African Rand (ZAR)

Firstly, the team has announced that the platform now supports the transfer of Rands (ZAR) via bank transfer (EFT). This will enhance how users from South Africa deposit fiat on the platform. Additionally, the exchange has added 5 trading pairs denominated in the ZAR.

• BTC/ZAR
• BNB/ZAR
• ETH/ZAR
• USDT/ZAR
• BUSD/ZAR

Deposits of ZAR are available with immediate effect. However, withdrawals will be active from 9th April, 6am (UTC + 2).

New OTC Trading Portal

Secondly, the team has announced the launch of an OTC trading portal. The service is live with users having the opportunity to receive a request for quotation (RFQ) for trades that are quickly settled directly to their Binance accounts.

However, the minimum trade size is the equivalent of 10,000 USDT. 25 digital assets are currently supported with users having to complete level 2 KYC verification.

TRX and LTC Added to Flexible Deposits

Thirdly, the exchange has added Tron (TRX) and Litecoin (LTC) to the list of supported assets on flexible deposits. This is a value-added service for Binance users who hold idle assets on the platform. Such funds can be lent out to users and the owners earn interest as a result.

Slight Price Increment of Binance Coin (BNB)

As earlier foreshadowed, the price of BNB in the crypto markets has experienced a huge boost from a recent low of $12. It is now valued at $12.77 and looks set to keep moving up as the day progresses.

(Feature image courtesy of Roman Kraft  on Unsplash.)

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

First posted at http://feedproxy.google.com/~r/BitcoinIndependentNewsAndBlog/~3/7W-PU-vnV04/

Crypto New Media Press

In an exclusive interview with Blockchain News, cryptocurrency industry leader Michael Terpin, founder of Transform Group, Transform PR, industry event CoinAgenda, and the BitAngels investor network –  talks about where we were, where we are, and where we are going, in the current frozen state of the cryptocurrency and blockchain industries caused by global pandemic […]

The post Exclusive Interview: Bitcoin and Cryptocurrency Leader Michael Terpin Sees Light in The Covid-19 Tunnel appeared first on Crypto New Media.

First posted at http://feedproxy.google.com/~r/BitcoinIndependentNewsAndBlog/~3/3ULnx5nBi2I/

Crypto New Media Press

It’s now easier than ever to use bitcoin to support regular businesses beyond the crypto bubble.  Zap founder Jack Mallers, best known for Lightning-friendly bitcoin services, just launched a desktop tipping product to complement the Strike payments app. Just like the mobile app, the tipping feature allows senders to give either bitcoin (BTC) or dollars […]

The post Cannabis Shops Are Using Zap’s Lightning App During Coronavirus Cash Crunch appeared first on Crypto New Media.

First posted at http://feedproxy.google.com/~r/BitcoinIndependentNewsAndBlog/~3/K5XQzPj7gG0/

Crypto New Media Press

Forking AlphaWallet gives you the best framework (TokenScript) for supporting your token on any network Basically, there are only 2 steps: Step 1, Tokenise transferable rights by using a smart-contract and TokenScript Example: USDC a. The information to represent I own 100 USDC b. The information to represent I my U.S. citizenship c. The information […]

The post How to make your own mobile blockchain app in 3 hours? appeared first on Crypto New Media.

First posted at https://ethereumworldnews.com/factom-based-pegnet-sees-massive-adoption/

The Factom-based stablecoin network PegNet is fast approaching $1 billion in total conversions, which is a significant number that elucidates the rapid adoption the network is currently incurring.

PegNet is a unique distributed network that allows users to easily access and utilize a variety of different assets – including fiat, crypto, precious metals, and more – however they so choose by using “Pegged Asset Tokens” that are essentially digital copies of the underlying asset that they represent. 

The platform’s conversion growth is now beginning to go parabolic, as the total number of conversions has risen drastically after hitting the $500 million milestone just a few weeks ago.

This growth, however, has not yet been reflected in the PegNet token’s price – dubbed PEG – which has yet to see any sustained parabolic upside in the time since its recent launch, potentially making this a gem for return-hungry investors.

PegNet Incurs Skyrocketing Conversion Rates

The burgeoning network has seen some notable growth in the time following its launch in August of 2019.

This growth is illuminated by its conversion rates – which encompasses all of the value that has been funneled through the network – with this number currently just $90 million away from hitting $1 billion, according to data from PegNetMarketCap.

PegNet’s popularity may partially stem from its decentralized nature, with the Oracle-based system lacking an ICO, foundation, airdrop, pre-mine, and many other red-flag characteristics that tend to inhibit growth. 

The platform is also built upon Factom – a popular open source blockchain that was first established in 2014 to act as an enterprise-focused data solution – which has further aided in it being fully decentralized. 

PEG Token Price Stagnates Despite Fundamental Growth; A Golden Opportunity for Investors?

PEG – alongside Bitcoin and virtually all other cryptocurrencies – has seen relatively lackluster price action throughout the past several weeks, peaking at $0.0055 per token in late-February before declining to its current price of $0.00134.

This price action is clearly not indicative of the network’s fundamental growth, however, and its relative youth and parabolic conversion rate growth seems to be a bullish sign for its mid-term prospects.

Global Turmoil May Prove The Factom-Based Network’s Value

As the global economy continues to bend under the weight of the Coronavirus pandemic, investors have been keenly interested in gaining exposure to safe haven assets. 

Beyond simply using these assets to weigh their portfolios, individuals may also soon have interest in transacting with foreign currencies, commodities, and cryptocurrencies due to potential instability with their national currency or within their monetary system.

Because of this, the current macroeconomic landscape does provide a perfect opportunity for PegNet to prove its value, and its conversion rate growth suggests that individuals are taking kindly to the idea of transacting with stablecoins pegged to specific assets.

The fully auditable and non-custodial nature of the network makes it a perfect medium for those looking to gain exposure to, or transact with, any of the 42 supported assets.

First posted at http://feedproxy.google.com/~r/BitcoinIndependentNewsAndBlog/~3/yYiBsIE2ql0/

Crypto New Media Press

Verizon stock is falling today despite the upgrade announcement by Goldman Sachs. Goldman Sachs added VZ stock to its ‘Conviction Buy’ list, explaining that the stock offers investors the most attractive combination of total returns and risks. Verizon Communications Inc (NYSE: VZ) stock dropped nearly 1.5% after the market opened on Wednesday, April 1 to […]

The post Verizon (VZ) Stock Down 1.38% Despite Upgrade to ‘Conviction Buy’ by Goldman Sachs appeared first on Crypto New Media.

First posted at http://feedproxy.google.com/~r/BitcoinIndependentNewsAndBlog/~3/lwM-X233hJE/

Crypto New Media Press

Last week, a bombshell was dropped that the SEC had won an injunction on Telegram, preventing it from being able to launch its new cryptocurrency, called “Grams,” due to the high likelihood that grams would be classified as a security. What’s even more surprising, however, is that the same arguments that take down Telegram also […]

The post The Surprising Conculsion From a Rigorous Analysis of the Telegram Injunction appeared first on Crypto New Media.

First posted at http://feedproxy.google.com/~r/BitcoinIndependentNewsAndBlog/~3/Sn2SHhJo9ZM/

Crypto New Media Press

Satoshi Nakamoto has been an enigma for well over a decade and there’s been a number of suspects and self-styled Bitcoin inventors. One particular suspect is the computer engineer Wei Dai, the creator of the b-money system and the Crypto++ cryptographic library. Since the Bitcoin network was launched in 2009, a number of people have […]

The post The Many Facts Pointing to Wei Dai Being Satoshi appeared first on Crypto New Media.

First posted at http://feedproxy.google.com/~r/BitcoinIndependentNewsAndBlog/~3/ebc7uPri3GE/

Crypto New Media Press

Written by Steven M. To help understand the upcoming Bitcoin SC hard fork, this article will compare the hard forks for Bitcoin Cash (ABC) and Bitcoin Satoshi Vision, review the technical approach and parameters for these forks, and compare with Bitcoin SC’s approach. Blockchain hard forks happen when protocol or consensus rules are updated in […]

The post Bitcoin Forks Compared: BTC, BCH, BSV, & BSC – BSC appeared first on Crypto New Media.

First posted at http://feedproxy.google.com/~r/BitcoinIndependentNewsAndBlog/~3/ubLT0T8qjL8/

Crypto New Media Press

April 1 represents the first day of Meghan Markle and Prince Harry’s lives post-royal responsibilities. Meghan’s first red carpet event has been canceled due to the coronavirus pandemic sweeping the US. The couple’s new brand has been put on hold for the time being, due to a lack of “column inches.” The day has finally […]

The post Meghan Markle & Prince Harry Are Royals No More – and No One Cares! appeared first on Crypto New Media.