CryptoDaily; Binance, OKCoin, Bitcoin, BitcoinCash; November 16, 2018 |

CryptoDaily; Binance, OKCoin, Bitcoin, BitcoinCash; November 16, 2018

CryptoDaily; Binance, OKCoin, Bitcoin, BitcoinCash; November 16, 2018


Travel platform XcelTrip to start accepting payments in Binance Coin [BNB]


Popular travel booking site XcelTrip has announced that it will now accept BNB – the native token of top cryptocurrency exchange Binance – XcelTrip CEO Hob Khadka tweeted. There are 50,000 hotels on the travel platform who are now accepting payments in BNB tokens. Read more

OKCoin expands to Latin America: begins fiat-crypto trading in Argentina


Crypto exchange OKCoin is expanding its services to Latin America, according to a statement received by BCFocus. The San Francisco-based exchange announced on Thursday that it will launch its trading platform in Argentina and plans to open its first office in the country’s capital, Buenos Aires. The company will roll out fiat-to-crypto trading services between Argentine peso and other major cryptocurrencies on its Latin American platform. Read more

Crypto exchange Binance adds support for Circle’s USDC


Top cryptocurrency exchange Binance on Thursday announced that it will list USDC on its platform. USDC is a stablecoin pegged to the U.S. dollar that facilitates instant money transfer. The stablecoin, which was introduced by Goldman Sachs-backed Circle, was launched in September. “For increased transparency, USDC has engaged a top-ranking auditing firm to release monthly balance attestations of the corresponding USDC and USD balances held/issued,” Binance said in the blog post. Read more

Bitcoin a clever but not a good idea: ECB Executive Board Member


Benoît Cœuré, Executive Board Member, European Central Bank considers Bitcoin to be the evil spawn of the current financial crisis. Talking about Satoshi Nakamoto releasing Bitcoin and mining the genesis block, he also mentions that Nakamoto embedded the genesis block with a Times headline from January 2009 about UK banks’ bailout. He mentions Bitcoin to be a clever idea but he also says that not all clever ideas are good ideas. Read more

Bitcoin Cash hard fork forces split into two separate blockchains


The Bitcoin Cash hard fork which was scheduled to take place on 15th of November to increase the volume of transactions had itself forked into two separate blockchains, according to a report by CoinDesk. The two separate blockchains are Bitcoin Cash SV which stands for Satoshi’s vision and Bitcoin SV (BCHSV). The Bitcoin Cash activated a hardfork that activated the fourth largest cryptocurrencies network into two versions, currently referred to by Bitcoin ABC (BCHABC) and Bitcoin SV (BCHSV). Read more

Binance advises Iranian users to withdraw crypto assets


Binance, the world’s second largest cryptocurrency exchange has warned its remaining Iranian users to withdraw all their money as the exchange is looking to abide by international transactions, according to a Coin Desk report. “If you have an account with Binance and fall into that [sanctions] category, please withdraw your assets from Binance as soon as possible,” read an email that was sent to Iranian users from Binance, according to local sources. Read more

Putting a blanket ban on cryptocurrency in India is a difficult proposition, say experts


Cryptocurrency is again making headlines in India. The uncertainty surrounding the crypto industry in India is still very much in place and there is still no clarity about the scope and role of cryptocurrencies in India. As per experts, the government of India’s plan to ban cryptocurrencies is next to impossible and the plan to implement a blanket ban is just not possible given the nature of cryptocurrencies. Read more

SIAM Commercial Bank partners Ripple to lead the way in banking transformation


What do you do when you want to give a facelift to a 111 year old bank? Well, same is the case with Siam 111-year-old bank SEVP, Chief Technology Officer & Head of Operations Colin Dinn. It’s all about finding the right partner to help aggressively solve problems with an eye towards the future. Dinn took the stage at swell and said that how Siam has been working with Ripple and how that has had a profound impact on their business. Read more

Spam attack makes transactions fill block space in Bitcoin ABC chain


During lunchtime in Chicago on November 15, there was a spam attack that took place in the blocks on the Bitcoin ABC. Its chain started filling up with a lump of tiny transactions. The method of spam attack kept sending transactions to the same address repeatedly. According to, one particular address received 500 early spam transactions after which a strange appearance of the address to be sending transactions to itself had taken place. Read more

Bitcoin Cash [BCH] trading suspended post hard fork; BCHABC ahead of BCHSV


The Bitcoin Cash [BCH] hard fork triggered the recent market collapse, which saw over $26 billion shaved off the collective market cap and many coins plummeting to a year-low. The hard fork was part of the BCH network update that was scheduled for November 15. The week leading up to the event saw the community divided, leading to a rivalry between the two chains that would emerge from the hard fork – Bitcoin ABC and Bitcoin SV. Read more

Binance opens trading for Bitcoin Cash ABC [BCHABC], Bitcoin Cash SV [BCHSV]


Binance, among the top crypto exchanges in the world, announced on Friday that it had completed distributing Bitcoin Cash ABC [BCHABC] and Bitcoin Cash SV [BCHSV] to all eligible customers. The exchange has opened trading for the new pairs – BCHABC/BTCBCHABC/USDTBCHSV/BTC and BCHSV/USDT – at 0800 UTC on Friday. According to a statement on its official website, the exchange distributed to its customers 1 BCHABC for 1 BCH and 1 BCHSV for 1 BCH, depending on the snapshots that the platform took of all Bitcoin Cash balances. The snapshots were taken at 1640 UTC on Thursday, as planned. Read more

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Author: Priya Raja
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