Friday, February 14, 2020

Binance adds 15 fiat options for crypto / OKEx teams up with India's CoinDCX / Coinbase's CEO bank problems

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Market Watch: Most coin prices are in the green today with Bitcoin up by half a percent in 24 hours. Hedera Hashgraph, however, is down by over 20 percent in the same time.

  • Bitcoin: $10,221 (⬆️ 0.69%) // $186.2 billion market cap.
  • Ethereum: $270 (⬆️ 2.92%) // $29.6 billion market cap.
  • XRP: $0.325 (⬆️ 4.17%) // $14.2 billion market cap.
  • Bitcoin Cash: $484 (⬆️ 4.58%) // $8.8 billion market cap.
  • Top 100 Winner: Bytecoin: $0.0004 (⬆️ 33.77%) // $86 million market cap.
  • Top 100 Loser: Hedera Hashgraph: $0.054 (⬇️ 23.21%) // $171 million market cap.

Prices are as of 1:35 p.m. ET.

1. Binance has added 15 extra fiat options for purchasing crypto with Visa and Mastercard through Simplex. The additional currencies are the British pound sterling, South Korean won, Russian ruble, Australian dollar, Swiss franc, Czech koruna, Danish krone, Norwegian krone, New Zealand dollar, Polish złoty, Swedish krona, Turkish lira, South African rand, Hungarian forint, and Israeli shekel. To access this, users can visit the Buy Crypto page, which permits the purchase of Bitcoin, Ether, Bitcoin Cash, XRP, Litecoin, and Binance Coin. -BINANCE

2. Crypto exchange OKEx is teaming up with CoinDCX, a crypto trading platform in India, in a bid to tap into the country's "huge potential." As part of the partnership, the two are launching a new crypto futures product, DCXfutures. This will enable users to trade futures contracts with cryptocurrencies with up to 15x leverage trading on coins such as Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, EOS, Cardano, and Tron. Speaking about the partnership, CoinDCX CEO and Co-founder Sumit Gupta, said that this would take "India one step closer to joining the '5 trillion dollar club' as one of the fastest-growing economies in the world." -AMBCRYPTO

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3. Follow Friday: Crypto Capital Venture

Dan is the founder of Crypto Capital Venture, a blockchain recruiter in the U.S. He also has a YouTube page where he discusses all things crypto, with his most recent post two days ago indicating the Bitcoin could hit $20,000 again by June 2020.

Focusing on the crypto space, Dan is an avid Twitter user and claims to be a Bitcoin and Litecoin connoisseur. Earlier today, he posted a tweet noting that someone on YouTube commented that he never discusses his crypto exit plan. His response? "That's because I will never discuss my exit plan."

4. Brian Armstrong, CEO of Coinbase, recently spoke about his payment troubles with U.S. banks. Taking to Twitter, Armstrong noted that two popular fiat payment apps were unable to process his request after he tried to make a payment to a friend. The two apps were PayPal and SquareCash. PayPal informed him that the "recipient is unable to receive money," whereas SquareCash said his bank had declined his payment. While he said that crypto has its own challenges, he added that by "building on new underlying infrastructure there is an opportunity to make things better, and finally have payments that "just work." -@BRIAN_ARMSTRONG/TWITTER

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5. Crypto merchant bank Galaxy Digital has laid off 13 people, amounting to around 15 percent of its workforce. A former employee of the company, which was founded by Bitcoin bull Mike Novogratz, said that Galaxy Digital had hired people expecting the digital assets market would develop quicker than it has. Around 80 people remain at the company. -COIN DESK

6. A new report has found that blockchain spending will increase to 400 percent by 2023 in the Middle East and Africa (MEA). That's according to the International Data Corporation (IDC), a U.S.-based market research company. It notes that blockchain spending within these regions last year amounted to $21 million; however, by 2023, that figure will rise to $105 million, with a compound annual growth rate (CAGR) of 50 percent. Authorities in the MEA are working at developing blockchain solutions to cut fraud, improve public administration, and increase security. - COINTELEGRAPH

7. MakerDAO's DAI stablecoin is now available on Coinbase Commerce to be used as a payment method for online retailers. In a blog, MakerDAO said that the integration means that it opens some of the web's biggest shops, including those on Shopify and WooCommerce, giving users access to 800,000 stores and three million shops, respectively. Merchants worldwide can accept the USD-pegged stablecoin as payment without having to pay a fee to use Coinbase Commerce. -MAKERDAO

8. Poloniex, a crypto exchange, has added the Russian language to its platform, stating in a blog post that it has started introducing a "partially localized" version of the platform for Russian users. The exchange noted that what they are rolling out "is just the starting point" and that they will continue to introduce newly translated pages in the coming weeks. It said it plans to have a "fully localized version" of its website and apps in the coming months. -POLONIEX/MEDIUM

9. El Salvador has received its first Bitcoin ATM in the city of La Libertad. Located in the Café Cocoa shop, users have the option of purchasing Bitcoin, Bitcoin Cash, and Litecoin. Athena Bitcoin operates the ATM. In an interview, Athena Bitcoin CEO and co-founder Eric Gravengaard said that the company is continuing to grow in the U.S. and Latin America. -DECRYPT

10. The Tron Foundation has teamed up with Steemit, a blockchain-based blogging, and social networking website. As part of the partnership, Steemit and other Steem blockchain-based decentralized applications will move over to the Tron blockchain. After the news, the Steem token enjoyed a surge of 26 percent. -COINTELEGRAPH

This newsletter was written and curated by Rebecca Campbell. She has been writing and reporting on various industries for the past 10 years, more specifically tech in the last three. Connect with her on Twitter.

Edited by Sheena Vasani, staff writer at Inside.

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