Daily Cryptocurrency News – 30th September 2018

As we prepare for this coming week, today on Sunday there has been important news going on and announcements of important events that are coming.

As always, the Zerocrypted team wants to keep you updated.

StellarX, World’s First Zero-Fee Exchange Launched by Stellar (XLM)

Stellar just announced the launch of their new cryptocurrency exchange, Stellar X. The platform has an unheard of but also unique feature: Trading will not have any fees.

This new feature raises a question for Stellar X: How can they make a profit? According to them, it is all about having the right tech. StellarX does not make use of relays or smart contacts but will use only their own technology, something which is “native” to trades and orders.

Ripple More Likely to be Rising Now with Highly Anticipated Swell Event

The Ripple Swell event is getting a lot of attention, and it is all ready for October 1 and 2.

Famous names are coming to the event, such as Bill Clinton, the 42nd president of the United States, which will be one of the speakers. More big names include Ross Leckow, the Deputy General Counsel at IMF; Ben Lawsky, the former Superintendent of Financial Services for New York; and Richard Teng.

The focus of the event will be on Ripple customers, their experiences, and how they are moving forward with its products.

This event has the potential to skyrocket the price of Ripple for the next upcoming months.

Binance Reveals Plan to Launch Decentralized Exchange by Q1 2019

Binance, one of the world’s most popular cryptocurrency exchanges, is preparing to launch a beta version of its decentralized exchange (DEX). The team is going to release a beta which will allow users to test the new features and talk about issues.

Binance CEO tweeted:

“Just had a productive meeting for #Binance #DEX (decentralized exchange), where $BNB will be native gas, and the exchange doesn’t control user funds, aiming for a public beta end of the year/early next year.”

There are not any details about when they plan to release the main DEX. However, he revealed that the Binance Coin (BNB) will become the native coin of the new exchange and that users will be given complete control of their funds with no interference from the exchange.

China’s Crypto Market is growing: Ethereum Hotel, exchanges, and OTC trading

The government of China and its central bank, the People’s Bank of China (PBoC) enforced a stringent crypto trading ban in September 2017. However, ICOs and virtual currency did not wholly withdraw from this.

After the closure of the domestic virtual currency exchanges, many people turned to overseas platforms to continue participating in virtual currency transactions.  Thanks to this, China’s crypto market is rising more than ever before especially since the last nine months, to the point which companies have started to raise millions of dollars in seed funding to provide insurance and security services to digital asset OTC trading platforms in the country. Experts from Hong Kong and China even said: “Cryptotrading became even more popular after the ban.”

This constant growth is expected to keep growing over time even with the government’s restriction.

Coinbase adds GBP deposit and withdrawal

Coinbase added GBP deposit withdrawal for users in the UK.

Before the addition of GBP, Coinbase only accepted USD and EUR. There was the possibility to swap into GBP from USD, but this process had fees, while this new one does not.

Zeeshan Feroz, CEO of Coinbase UK said: “The United Kingdom is our fastest growing market with Switzerland, Spain, and France close behind.”

This process can indeed have a global impact on Coinbase and contribute to the mass adoption of cryptocurrency. As Coinbase starts to support more currencies, this indicates a high potential for the future of Coinbase.

If you missed yesterday news, you can check them here: Daily Cryptocurrency News – 29th September 2019

Image Source: Wealth Management.com

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