Singapore-based cryptocurrency exchange KuCoin has announced that it is now listing the cryptocurrency Binance Coin (BNB) issued by the exchange Binance, according to a press release on June 19.

KuCoin will reportedly offer BNB trading pairs with Bitcoin (BTC) and Tether (USDT). The announcement also notes that KuCoin will support projects based on Binance’s native blockchain, Binance Chain, in addition to its native coin BNB.

The recent development shows that major trading institutions are putting trust in Binance’s token-vetting process on its initial exchange offering platform.

At press time, KuCoin is the 46th largest cryptocurrency exchange on CoinMarketCap, with an adjusted 24-hour trade volume of over $47 million.

Binance recently partnered with TrustTroken to offer the latter’s dollar-backed stablecoin TrueUSD (TUSD) on the exchange as a fiat-to-crypto conversion mechanism. There are reportedly no additional fees to buy the stablecoin, and users can then use TUSD to convert their funds one-to-one with U.S. dollars.

As recently reported by Cointelegraph, researchers at Binance conjectured that social media giant Facebook’s upcoming Libra stablecoin could increase the crypto market’s volume by making crypto payments more accessible. The researchers discussed how Libra aims at becoming a global currency standard, saying:

“Backed by a basket of fiat currency-denominated assets in its initial release, Libra represents a first attempt at creating a world currency, on-chain or not, with everyday usage by billions of individuals and institutions across the globe.”

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As part of its new strategy to become the most widely used cryptocurrency exchange, Globitex is lowering and removing fees for certain account features. Globitex aims to make it’s products more accessible for retail and corporate customers. The EURO Wallet continues to excel as the best solution for sending and receiving EUR payments from inside of an exchange. The EURO Wallet is powered by Nexpay UAB, an EU licensed financial institution and gives users full control of their assets.

“We implement changes quickly around feedback we gather from both retail and corporate customers. We never compromise on security, we abide by every regulation to ensure customers get the most of what is possible with cryptocurrencies today.” – Uldis Teraudkalns CEO of Globitex Exchange.


Private Individuals will enjoy the removal of the monthly account maintenance fee, this allows Globitex clients to open and maintain a EURO Wallet account without cost or liability until it is actually used for transactions.

Corporate customers will enjoy the reduced net cost on larger transactions, making the service more attractive for the largest corporate clients and traders. The combination of the service offering and pricing makes Globitex the No.1 cross crypto-fiat trading and financial operations platform. Globitex aims to add the functionality of using GBX tokens to pay for EURO Wallet fees with discounts, which will substantially increase the utility of the GBX token in the upcoming weeks.

Globitex encourages all traders, investors, and corporates potentially seeking to make payments from within and outside of the crypto space to use the exchange, confident it will be their permanent solution of choice. Users seeking to bridge the traditional finance sector with their cryptocurrency assets are urged to visit Globitex to Utilize their own IBAN account within a cryptocurrency exchange.

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Bittrex, a global leader in the blockchain revolution announced to list Lambda – a data storage blockchain protocol, commited to creating a secure, reliable, and unlimited storage network for Value Internet.


In a tweet from Bittrex International they say:

“The company tweets that the Lambda wallet is open and trading will begin shortly on International.bittrex.com.”

According to the crypto Listing and Delisting weekly announcements, LAMB will fall under the Bittrex listing.

The move provides a positive outcome for investors and users alike. It only goes to show that investors and the crypto market are looking into many other options as compared to traditional coins and projects.

The choice to list on Bittrex comes after LAMB had already listed on other exchange platforms such as OKEx and Gate.io.

Lambda, a data storage blockchain protocol, lists on the majority of exchanges as decentralized storage due to its commitment to creating a secure, reliable, and unlimited storage network for Value Internet. In addition, Lambda remains at the leading level since its inception in 2018 of similar projects in both technology and application.

As a global achievement, it has realized and published the POST-space-time proof as a first ever in the world. The innovation has introduced VFR+BFT consensus algorithm into the Lambda Chain consensus network. In turn, it has guaranteed operation efficiency and reliability of the network. Other relevant breakthroughs include data integrity proof, multi-chain data collaborative storage, and cross-chain data management.

Lambda growth has proven to support dynamic data access, protect data privacy, as well as make unremitting efforts for the great vision of “Return the data value to data owners”. Only quality projects are listed on the top exchanges such as Bittrex. Bittrex has a reputation for upholding on high standards due to compliance issues. Bittrex accepting to list LAMB also indicates that Lambda fully abides by its listing regulations.

Bittrex Listing Rules

Bittrex completes two main reviews (preliminary and full listing review) before considering listing a token. The preliminary review refers to an initial review, which will determine whether the token should proceed through the full listing process. The full listing review is a more in-depth review of a token. Here, Bittrex will request for documentation, which will include an extended non-disclosure agreement and listing agreement.

A committee from the firm will determine if the token meets their robust criteria as well as whether it will be listed on Bittrex.com or Bittrex International. In some cases, they may consult with outside advisors.

Under the full listing review, a token must complete a compliance review before listing it. After a compliance review, Bittrex will review aspects of the token, its project, and platform when determining when to list a token.

First, is the token an innovative use case or application? After determining this aspect, other considerations come to play. These include: new blockchain features, usefulness of use cases, significant improvements over existing blockchain, technological experience and reputation of token applicant and team, market interest, as well as an interesting, innovative, or unique application.

LAMB satisfied the above criterion thus proving the Lambda strengths to certify the crypto market needs in accordance with Bittrex.

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Russia's parliament, the State Duma, will adopt the country’s major crypto bill “On Digital Financial Assets” (DFA) in the next two weeks, according to a local senior finance official. The news was reported by Russian government-backed news agency TASS on June 19.

Russia's deputy finance minister, Alexei Moiseev, revealed that the State Duma is currently considering the DFA, and is expected to adopt the bill in the second reading within the next two weeks.

Moiseev added that the authority has approved separate legislation for initial coin offerings, which will be a part of Russia’s law on crowdfunding.

Russia will thus have two bills related to cryptocurrencies, the DFA and the law on crowdfunding, Moiseev stated, adding that the DFA is expected to be approved in the version that has been prepared for the second reading.

If adopted as expected by the official, Russia’s crypto regulation will come in accordance with the order of the country’s president, Vladimir Putin, who required the state to enforce regulation for the crypto industry by July 1, 2019.

Recently, TASS had reported that Russia was postponing the adoption of crypto legislation due to certain terminology requirements from the Financial Action Task Force on Money Laundering, as the bill lacked key terms such as “cryptocurrency.”

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IBM revealed the new version of its Enterprise Blockchain platform intended to work with even more cloud services, thus increasing its reach and scope. It also added support for app management and deployment platform Kubernetes.

Photo: IBM / Twitter

IBM announced IBM Blockchain Platform Multicloud meaning that their blockchain solution will now run on other clouds, be that Azure or Amazon Web Services as well as on premises.

Jerry Cuomo, vice president of blockchain technologies for IBM explained that until recently, you could use only the IBM Cloud. Many enterprise networks are consortia, and even if the founding members used IBM, new participants are likely to have existing cloud deployments on other networks. It also added support for app management and deployment platform Kubernetes.

Cuomo added that IBM is already supporting around 1,100 blockchain networks, with about 10 percent of those officially in production. Support for Kubernetes should make faster the rate at which the IBM Blockchain Platform is deployed in a production environment because organizations will be able to leverage all the sunken costs of a widely supported open source platform. He said:

“This hybrid and multicloud approach will allow blockchain networks to work effectively across multiple environments. Developers can now easily move from development to test to production from a single console. Included within the extension are code samples and tutorials, enabling any developer to easily become a blockchain developer.

The IBM Blockchain Platform meets developers where they are, offering support for smart contracts to be written in JavaScript, Java, and Go languages.”

For those who may be interested in trying out the new platform, IBM promised they will allow scalable payments. It means that users who are only starting out, can purchase only the services that they need in order to get started with access to features that go along with the price. As their business grows, clients can pay more for IBM to give them more features to work with.

From the company they added:

“We understand that not all participants in a blockchain network will have the same requirements; therefore, the next generation of the IBM Blockchain Platform gives users the flexibility to deploy only the blockchain components you need, where and when you need them.

Whether it’s just a peer, ordering service, or certificate authority, users can manage these components all in one place.”

IBM Blockchain CTO Gari Singh added that they can finally leverage all the great things that are in Hypeledger Fabric, and also support their users wherever they need to be.

“And we can also help to support networks that want to work with IBM, but they have other members that don’t.”

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Livepeer, a decentralized video encoding platform built on the Ethereum network, announced it has received an $8 million Series A venture capital round lead by Northzone.

Noticing the prodigious increase in video streaming across the web and the prohibitive costs involved in transcoding, serial entrepreneurs Doug Petkanics and Eric Tang built a platform that links encoding providers with anyone who needs processing power for video services.

The infrastructure functions as a “token coordinating network,” incentivizing those with computing power to join and match the needs of those looking to stream, by offering the ability to get paid for their idle processing power in ethereum.

Currently the company has more than 30 providers of compute power on the platform, and more than 100 events have streamed video through Liverpeer. Though Petkanics told TechCrunch, those users may have been an “early-adopter, philosophically-aligned crowd.”

Livepeer is designed for developers who want to build applications that include live video, users who want to stream video, gaming, coding, entertainment, or educational courses, and broadcasters who currently have large audiences and high streaming bills or infrastructure costs.

By making use of idle processing power, Liverpeer drives down the price for encoding. Petkanics said the system is 10 times cheaper than incumbent streaming providers, equivalent to two streams for roughly 70 cents per day, compared to $3 per stream per hour of traditional streaming services.

Founders see an additional growth opportunity in bootstrapping the excess capacity of GPUs used by crypto miners, thereby further reducing costs. Though they also said the Series A funding will go towards implementing applications outside of the purview of crypto-fans to enter the larger marketplace.

The company is offering six months free for new participants as an inducement to try the platform.

Video infrastructure behemoth Brightcove’s former CEO David Mendels joined the upstart as an advisor to the company. And Houseparty founder Ben Rubin was part of the Series A round. Additionally, Digital Currency Group — which acquired CoinDesk in 2016 — Libertus, Collaborative Fund, Notation Capital, Compound, North Island and StakeZero also provided funding.

Photo by Sam McGhee on Unsplash

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Decentralized exchange platform Bancor plans to restrict United States residents from trading tokens on July 8, the company confirmed in a blog post on June 18.

Citing a lack of clarity from regulators, executives said they took the decision to ban all users with a U.S. IP address from exchanging cryptocurrency.

“This decision has been made in light of increased regulatory uncertainty; at this time, we believe this is the most judicious decision for all the members of our ecosystem,” the blog post reads. It continues:

“This will enable the Bancor community and ecosystem to innovate faster and with greater clarity.”

Bancor runs as a decentralized protocol using a P2P setup. While it is unclear what specific factor motivated the move, the regulatory situation involving another decentralized exchange (DEX), Etherdelta, in 2018 serves to illustrate the difficulties of operating such a service in the U.S.

As Cointelegraph reported in November of last year, the country’s Securities and Exchange Commission charged the creator of Etherdelta, Zachary Coburn, with operating an unregistered securities trading platform, as well as an over $300,000 fine.

Bancor adds that all its users will still be able to hold and transfer tokens, while conceding that the decentralized portions of its network were beyond its control and would thus remain open to U.S. traders.

“We would like to clarify that this functionality will be blocked to users accessing the website bancor.network, which offers an interface to blockchain activity,” the blog post continues. It notes:

“As the Bancor Liquidity Network is a collection of smart contracts on the blockchain, and a non-custodial system, we cannot restrict users from accessing the blockchain itself. This cannot be blocked.”

New international recommendations from the Financial Action Task Force, set for publication this week, will place stringent new ID requirements on any entity facilitating cryptocurrency trading, both in the U.S. and elsewhere.

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