Malaysian cryptocurrency regulation comes into effect on Tuesday, Reuters reports on Monday, Jan. 14.

The Malaysian finance minister, Lim Guan Eng, reportedly said today that the Capital Markets and Services Order 2019 would become effective on Jan. 15. According to Reuters, the new regulation classifies digital currencies, tokens and crypto-assets as securities, placing them under the Securities Commission’s authority.

Starting from Tuesday, any person operating unauthorized initial coin offerings (ICOs) or digital asset exchanges in Malaysia will be reportedly facing a 10-year jail sentence and a 10 million ($2.4 million) ringgit fine.

According to Malaysian news outlet The Star, Eng noted the positive outlook of the Ministry of Finance on the cryptocurrency industry, stating:

“The Ministry of Finance views digital assets, as well as its underlying blockchain technologies, as having the potential to bring about innovation in both old and new industries.”

Namely, Eng noted that the ministry believes digital assets offer both an alternative fundraising method and a new asset class for investors.

As Cointelegraph reported, the Malaysian government was still undecided whether to legalize cryptocurrencies just two days ago.

Still, it has reportedly been clear since November of last year that Malaysia will enact regulations for cryptocurrency and ICOs in Q1 2019, as Cointelegraph reported at the time.

*This post is credited to CoinTelepgraph

SINGAPORE, 6 December 2018 – Binance, the world’s leading cryptocurrency exchange, will hold the first Binance Blockchain Week in Singapore from 19 to 22 January 2019.

With 2,000 attendees expected from around the globe, Binance Blockchain Week will highlight two large-scale events over the four days: a two-day hackathon known as the Binance SAFU Hackathon, followed by the Binance Conference.

Binance Blockchain Week will bring together industry-leading regulators, investors, academics, entrepreneurs and technologists to discuss today’s blockchain ecosystem and encourage sustainable growth in the industry. The event will prime the international stage for a global exchange of the latest blockchain knowledge and expertise among high-profile figures in the space.

Binance Conference

Held at the Sands Expo & Convention Centre in Marina Bay Sands, the Binance Conference will feature more than 70 speakers, including industry thought leaders, high level executives, academics and heads of state, in an action-packed program filled with keynote speeches, panel discussions, fireside chats and exclusive networking events.

The first wave of confirmed speakers include: Genping Liu, Partner at Vertex Ventures; Justin Chow, Head of Business Development, Asia at Cumberland; Sonia Bashir Kabir, Managing Director at Microsoft Bangladesh; Eric van Miltenburg, Senior Vice President of Global Operations at Ripple; Justin Sun, Founder of TRON; Da Hongfei, Founder of NEO; Patrick Dai, Founder of Qtum; and Changpeng Zhao (CZ), Founder and CEO of Binance. More speakers will be announced over the coming weeks.

“We are thrilled to host the first-ever Binance Blockchain Week in Singapore, the finance and technology hub of Asia,” said CZ. “Gathering the most notable players and thought leaders in blockchain, this will be a defining event. We look forward to many thought-provoking discussions and debates on how we can further work together to move the industry forward.”

The Binance Conference expo floor will feature more than 50 booths for sponsors to showcase the best of blockchain and cryptocurrency technologies.

Binance SAFU Hackathon

The first-ever Binance SAFU (Secured Assets For Users) Hackathon will be held at PwC Singapore, Marina One East Tower from 19 to 20 January. Themed SAFU, the Hackathon aims to seek innovative blockchain solutions to secure crypto assets.

Binance SAFU Hackathon will feature an esteemed panel of judges including PwC, Tribe Accelerator and Binance Labs. Participants will have the opportunity to seek mentorship from senior leadership at companies such as Ethereum Foundation, Primitive Ventures,, Binance Labs and IDEO CoLab.

Individuals and teams interested in participating in the Binance SAFU Hackathon can submit applications from 10 December to 6 January. 20 developer teams will be selected via pre-hackathons and direct registration on the event website. Pre-hackathons will be held from December and early January around the world, and winning teams will be given free passes to the final SAFU Hackathon in Singapore. The final hackathon winning teams will share a prize pool of $100,000 in BNB offered by Binance.

Registration for the Hackathon will open on Monday, 10 December 2018. For more information, please proceed to the Binance Blockchain Week Facebook page.

For further updates, do follow Binance on Twitter.

About Binance

Binance is a blockchain ecosystem comprised of Exchange, Labs, Launchpad, Info, Academy, Research, Trust Wallet and Charity.

Binance Exchange is the leading global cryptocurrency exchange, with users from over 180 countries and regions. Capable of processing more than 1.4 million orders per second, Binance Exchange is the largest crypto exchange by trade volume and one of the fastest in the world. The platform focuses on security, robustness, and execution speed — attracting enthusiasts and professional traders alike.

*This post is credited to Coin Telegraph

Huobi Pool, Huobi Group’s cryptocurrency mining arm, will launch a EOS-dedicated cryptocurrency exchange in Q1 2019, the company said last week. The new exchange will allow users to trade EOS against “a number of other cryptocurrencies.”

Cao Fei, CEO of Huobi Pool, said launching an EOS exchange “is simply the next logical step in our support” as an EOS super node.

Huobi Pool said it has been working closely with the EOS community since the launch of the business earlier this year. Among other initiatives, it collaborated with other block producers to build an EOS test chain, the Crypto Kylin Testnet, where EOS-based projects can be tested. Huobi Pool also developed a voting platform for EOS holders and set up an EOS community to make holders more aware of node elections.

EOS is the native cryptocurrency of the EOSIO blockhain protocol. EOSIO operates as a smart contract platform and decentralized operating system intended for the deployment of industrial-scale decentralized applications through a decentralized autonomous corporation model. The smart contract platform claims to eliminate transaction fees and also conduct millions of transactions per second., a company registered in the Cayman Islands, is the developer of EOSIO. In June 2018, the company raised US$4 billion in the world’s largest initial coin offering (ICO) to fund the development of the platform.

Singapore-headquartered Huobi operates the third largest cryptocurrency exchange, handling around half-a-million dollars worth of trades every day, according to data from Coinmarketcap. It recently added EOS contracts on its derivatives platform Huobi Derivative Market.

The announcement of the EOS-dedicated cryptocurrency exchange comes at a time when Huobi is actively expanding its ecosystem. Last week, it announced the release of the whitepaper for Huobi Chain, a public blockchain project focused on security, transparency and fast and high frequency transactions, the company claims.

Huobi has also been expanding into other geographical markets including Russia, Indonesia, Taiwan, the Philippines and Canada.

Earlier this month, the company was granted a full Distributed Ledger Technology (DLT) license by the Gibraltar Financial Services Commission (GFSC).

Lester Haoda Li, the head of Huobi’s global institutional business based in the company’s London office, said:

“Our Gibraltar DLT license will allow us to open a fully-regulated exchange for our global institutional clients and retail clients alike, so this is a big win for Huobi and a very positive step forward for our global strategy.

“Among other benefits, our DLT license will allow us to open doors to more institutional investors who were previously unable or unwilling to get involved in an unregulated sphere”.

*This post is credited to Coin Journal

SINGAPORE, Jan. 1, 2019 /PRNewswire/ — 2018 saw the reign of stablecoins amidst a volatile cryptocurrency market. As stablecoins continue to gain traction as a digital asset, many are excited to witness further development of this venture especially in the coming new year.

Mars Blockchain is pleased to announce the launch of its very first stablecoin, 1SG, on the most prominent crypto exchanges in the world – Kryptono Exchange & Exchange. The fiat-collateralised stablecoin will be available for trading on the platforms from 1 January 2019onwards.

With the launch of 1SG on Kryptono Exchange & Exchange, the convenience of using this stablecoin is ascertained. Users of 1SG no longer have to worry about the security of their crypto-assets, or the difficulty of trading with cryptocurrency and fiat.

As its tagline goes, Kryptono Exchange is the most “comprehensive crypto platform for everyone everyday.” It is currently ranked top 30 exchange on Coinmarketcap with a monthly volume of over $500M USD and is expected to act as the perfect middle man to provide the necessary escrow services for users to buy or sell cryptocurrencies and fiat through peer-to-peer exchanges. Exchange operates on advanced distribution cluster architecture and is able to process millions of transactions per second to enable huge volumes to transact seamlessly and fuss free. The Exchange is also internationally appealing and supports more than 20 different languages.

Now, users can keep their cryptocurrencies safe through both exchange’s air-tight security measures and trade freely without worrying about potential complications.

Mars Blockchain is thankful to have the opportunity for 1SG to be listed on Kryptono Exchange & Exchange. It is a crucial step in securing the stablecoin’s identity on the cryptocurrency market and marks 1SG’s entry into the international arena. More importantly, these partnerships would offer Mars Blockchain a stronger global network, bringing them a step closer to fulfilling its mission in bringing frictionless spendability to the doorstep of 1SG users.

About 1SG:

1SG is a stable coin, issued by the Mars Blockchain Group which overcomes the problems of today’s cryptocurrencies. With the key features of stable value and high liquidity, Mars Blockchain is a start-up committed to becoming a leading stable coin in global cryptocurrency market. 1SG circumvents the volatility of other major cryptocurrencies by maintaining a fixed peg to $1 SGD through financial markets.

About Kryptono Exchange:

Kryptono is a comprehensive crypto platform for everyone every day. We want to grow the real-world adoption of crypto on a global scale. As part of the long-term evolution of crypto, we make crypto easily accessible and available to everyone through thoughtful products tailored in-house for the mass market.

About Top.One Exchange:

Top.One provides high quality projects with various incubation services, including startup financing, business consulting, resource exchange and exchanges launches. The core team consists comes from top internet and financial enterprises and has profound academic accumulation and experience in internet product development network security, blockchain technology, deep learning, financial services and audit.

*This post is credited to PRNewswire

Cameras, flashlights, tweets – when  Changpeng Zhao takes the stage these days, a kind of mania seems to ensue.

Of course, that’s perhaps to be expected when you’re known to the world over by just two letters, but “CZ” has arguably achieved something greater in 2018 — a celebrity status that’s equaled by his clout as an entrepreneur.

On a sweltering December day in Singapore, Zhao is quick to show why — he has a surprise that’s not so much up his sleeve as under it. “I’m gonna show this to the crowd later,” he says, grin on his face, ear-to-ear.

By the time he takes the stage, the attendees at Forbes Asia Forum in Singapore have shifted from a scattering of somewhat bored businesspeople, some heads down, headphones in, into an excited mass that can almost be felt moving forward.

It’s a testament to Zhao’s crossover appeal — many in the audience are members of a financial establishment that are (at least publicly) still somewhat skeptical, if not derisive of the technology. Onstage, however, those divides melt away as Zhao raises his arm to unveil his first tattoo — a newly minted logo of his exchange Binance.

The move goes to show the root of CZ’s appeal; if he sometimes seems to skirt an outlaw status, what makes him such an effective ambassador for the crypto movement is that he exudes its core beliefs so effortlessly.

Come on in, his smile says, the future is waiting.

But if Zhao has come to embody the current state of cryptocurrency – its runaway growth and newfound cultural appeal – he also matches the industry with an outsized ambition. “I hope someday I can become as influential as Elon Musk,” he tells CoinDesk.

Backstage later, CZ is already showing signs of that kind of celebrity status, where he fields at least a dozen requests for selfies, all under the condition his right arm is held high. (Zhao would go on to write an entire blog explaining how he talked himself into getting his new ink.)

Zhao onstage at Consensus: Singapore 2018.

The post spotlights another key component to Zhao’s charm, his ability to connect with people. That might be one reason he’s also quick to push back on assertions that he is an extremist, or that his work in cryptocurrency represents a political agenda, arguing himself that his appeal stems not from any ideology, but from a love of freedom.

Zhao says:

Money Moves

Still, if Zhao is well-equipped at winning people’s hearts and minds, he’s equally adept at capturing their dollars.

While Western media outlets tend to tout the ascent of Coinbase, even their rise to millions of users is tepid compared to how, in just over 12 months, Binance has gone from white paper to $15 million ICO to an exchange that sees billions of dollars in trading daily.

As of the end of 2018, Binance has eight lines of business – Binance Exchange; Binance Labs; Binance Charity; Binance Academy, Binance Research; Binance Info, Binance Launchpad and Trust Wallet, as well as a ninth, a decentralized exchange, set for launch in January.

That’s not to mention Binance Coin (BNB), the nearly $1 billion cryptocurrency network that the company uses as a de-facto currency for its exchange fees.

Impressive as the list may be, it’s even more so when you consider some – in particular, Binance Coin, as well as Binance Exchange’s crypto-only trading policy – were radical at the time of their launch. Add up the number of businesses that have since followed Zhao’s lead, and it’s easy to see why he is lauded as a visionary.

Jehan Chu, co-founder and managing partner at Kenetic Capital, whose firm passed on investing in Binance, now believes that was a mistake, and that’s largely because of Zhao’s competencies in expanding the company.

“What’s worked really well is his ability to adapt to the changing market and come up with the type of innovations that the market didn’t even know that they want it,” Chu says. “They were the first to come up with an exchange token. I think that’s what’s most impressive about CZ: his vision to just try different things, iterate and then execute.”

There’s also, of course, his impeccable timing. It’s easy to forget Zhao’s swift ascent came after nearly two years in a kind of exile, a period in which he was rumored to be working on a new project, but in which emails from CoinDesk often went unreturned.

Zhao was, by his own account, laying low following a departure from OKCoin, a China-based cryptocurrency exchange. Jack Liu, a former colleague of Zhao’s at OKCoin, now with Circle, shared a recount of the man who he sees as a mentor that hired him in 2014.

Zhao announces the launch of OKCoin’s international investor offering in 2014.

“Product-market fit is his number one skill,” Liu says. “CZ has gotten to be really good at absorbing whatever he’s seeing and learning, and incorporating into what he does.”

Indeed, Binance is neither the first crypto-to-crypto exchange, nor is it going to become the first decentralized exchange. “But he’s good at putting together synthesis of his background, his team, with initiatives he wasn’t able to execute at OKCoin,” Liu says.

And part of the reason for his ability, according to Liu, is that CZ is “very much a people person.” “He has a great sense of humor … and is always just a little bit of like a ‘smart-ass,’ just a little bit ahead of the mainstream, but very relatable.” Liu says.

Still, what might be unique about Zhao is that he was always expected back. When he left OKCoin in 2015, CZ wrote an email to CoinDesk, saying:

In retrospect, he was right. The 2015 winter did pass, and when spring emerged, he was ready, having refined and built exchange engines that were ready to serve an upswell in demand.

Walk the line

Still, Binance’s meteoric rise has been greeted with skepticism by those who feel Zhao might be moving too fast given the state of global regulation.

Take a report earlier this year by the New York Attorney General’s office, which ultimately referred Binance, along with two other exchanges, for investigation. (This in and of itself didn’t indicate any wrongdoing on Binance’s behalf, though it undoubtedly raised suspicion).

Cited at the time was the inability of regulators to assuage concerns over manipulative or abusive trading, as well as a lack of clarity over whether the firms were operating in New York.

Zhao shows off his new Binance tattoo in December.

At Consensus: Singapore in September, Zhao’s main stage appearance coincided with the release of the report, and onstage and backstage, he declined to comment on the inquiry.

A core criticism of Zhao, then, is that he’s been perhaps too willing to engage in regulatory arbitrage, moving his exchange to jurisdictions he believes will give his now global business – he says it operates in over 190 countries – the best chance to offer its services.

For example, Binance left China, where it was initially based, after the country’s central bank banned crypto trading in September last year, and it later moved operations to Tokyo. Then in March, however, the Japanese regulator the Financial Services Agency issued a warning letter that Binance was operating in the country without a license.

Binance is now based in Malta, though Zhao has also made notable appearances with other regulators, including Bermuda and Uganda, that are decidedly outside the financial mainstream.

However, others, like Chu, believe that could be a challenge for the company. “I think playing jurisdictional hopscotch is not a game. You can’t play it for very long,” he says. Yet still, Chu thinks that if anyone can find his way out of these issues, it’s Zhao, adding:

Zhao, for his part, pushes back on these claims, even as he seems to acknowledge how his biases might lead to these assumptions.

“I have a very worldly mentality, but of the countries I live in, I follow the law to the letter. I never do anything dodgy and I never put myself into those kinds of risks,” he says.

Later on, he continues to describe his approach as more tepid than it may appear, noting how Binance left China because it didn’t “want the trouble.”

“In countries that are not crypto friendly, we don’t do any advertising, we don’t do any events, we don’t make a lot of noise,” he says.

Others back up Zhao’s story, and it’s notable that this group includes at least one regulator.

Jason Hsu, an entrepreneur-turned legislator in Taiwan who is pushing for crypto-friendly laws on the island, got introduced to Zhao when the exchange was on an expansion early this year, and within a week, the two had a sit-down meeting.

At the very last minute before their supposedly close-door private chat, the two even decided to make it a live broadcast. “That was spontaneous. If we are both so committed to this new technology, why not make a stance and show it publicly?” Hsu said.

“I didn’t know CZ before the meeting,” Hsu recalls. “But it turns out he’s a straightforward and no bullshit entrepreneur.”

Hsu says Binance is still yet to open up a shop on the island, given that financial institutions and regulators in Taiwan had taken a conservative approach to the industry. However, his time with Zhao has left with the impression that Zhao’s strategy is more nuanced than simply hopping from jurisdiction to jurisdiction.

CZ with Premier David Burt of Bermuda. (via Twitter)

In comparing Binance with Coinbase, Liu says the latter still takes a rather traditional internet company approach to regulation in the sense that it chooses to offer services based on the world’s largest markets step by step, i.e. first the U.S., then the Europe and the U.K.

“CZ doesn’t think about which country is the biggest market and therefore I’m gonna set up a team there. He starts with what crypto needs – a wallet and an exchange.” Liu says. “He’s building for a world where once the users go onto the blockchain, the users are the same.”

“He’s like one of those smart people that enjoy taking shortcuts – not shortcuts to do something bad – but to be efficient,” Liu adds, stating:

Iron Man

So, if others may see ‘CZ’ as a kind of Robin Hood, how does he see himself? It turns out, Zhao prefers comparisons to Tony Stark, the billionaire superhero of Marvel comics fame.

“Tony Stark is very resourceful,” Zhao says in explanation of the comparison. “He builds a lot of things. It’s about technology behind, all the tools he builds that he uses to do good things.”

In his eyes, he’s simply trying to do as much good as he can, and if that means challenging the establishment in the process, that’s just a byproduct of his mission.

“We should always provide people with more options to choose. The more options there are, the better. People can choose to use a bank and people can choose to use crypto. We are not perfect either, we are not saying crypto is perfect,” he says.

Though, Zhao is doing his best to further the crypto ecosystem and to avoid banks when possible. In interview, he claims he “doesn’t have to deal with fiat at all” anymore – partially thanks to a team handling his expenses – and that he pays for hotels and flights in cryptocurrency whenever possible – even if with a premium.

It’s a personal mission that has trickled down to his staff as well, where he estimates that “95 percent” of the Binance team gets at least part of their salary in crypto. (As it doesn’t handle cash, he says the company works with a network of over-the-counter traders to pay out fiat).

In this way, Zhao identifies as a HODLer, the cryptocurrency enthusiasts who believe that, no matter whether the market is up or down, the best investment strategy is simply to buy, hold and wait for the world to wake up to the asset class.

CZ in a crowd at Consensus: Singapore.

That apartment he sold in 2013 for just a little over $1 million, before putting the proceeds into bitcoin? He says he hasn’t sold any, even after last year’s run-up.

“Actually, I still have 100 percent of those coins because I don’t really need them,” he says. “I’m not very greedy. I have more than enough money than I need.”

Other attributes of his, he says, have permeated through the Binance team. He describes his overriding mantra as “be fair, be ethical, don’t do crazy shit.” Still, there are differences between the superhero and his team of crypto-Avengers.

One of the most notable is he doesn’t encourage others at the company, except several co-founders and spokespersons, to be as active on social media, citing security reasons. (“We don’t encourage our people to be public. They have a very minimal social profile. It’s basically a guideline we do,” he says.)

As such, he says he sometimes feels his team doesn’t get enough credit for the work they do in carrying out his vision and translating it into action.

Opening the gate

So, where does crypto’s Iron Man go from here? And will Binance’s star continue to rise?

That remains an open question. For one, it’s unclear how the decline of the cryptocurrency market so far will impact Binance’s business, and whether that will put it at a disadvantage against peers operating with more regulatory clarity and institutional clientele.

That, however, appears to be something Zhao is looking to rectify as the exchange is working on opening a shop in Singapore that would accept fiat currency, a company first in one of the largest Asian economies.

“Fiat is still where all the money is in. … And we’ve got to open that gate,” he said at CoinDesk’s Consensus Singapore event in September.

To Zhao, then, Singapore is a major hurdle for Binance, as it still needs to convince a bank to fully back its operation. (Notably, Singapore does not currently regulate cryptocurrency exchanges, though it is close to passing such laws.)

And while domestic regulators in the region remain open to blockchains and cryptocurrency, it’s to be seen how exactly they’ll choose to see Binance and Zhao, whether as a potential asset for the local economy or a possible liability.

CZ takes a photo in Singapore.

And besides, if blockchain is what allows CZ to become so successful so quickly in so many countries, the same technology could, too, allow others to build a Binance knockoff in one or two months at every other domain.

As Liu puts it:

So, too, it’s unclear how Zhao will adjust, as he says he wants to wade back into sectors of the industry that may prove less palatable. For instance, the firm intends to reboot Binance Launchpad in 2019, a listing service for entrepreneurs looking to raise funding via token sales, albeit with what the company claims is a more rigorous review process.

Whether or not the establishment chooses to embrace him, though, for now at least, he still has the backing of the cryptocurrency faithful, and he, in turn, has embraced them at every step.

“Just because I’m not against banks, that does not prevent me from presenting other people another option that could be potentially viewed as a competition to them,” he says.

At a backstage dinner party following the Singapore event, Zhao ends the conversation by focusing on what might be the final and best way to summarize his ethos – his belief that those who believe in crypto, and who help advance the technology toward mainstream, will be rewarded.

Zhao concludes:


Original art by CryptoKitties (@cryptokitties)

*This post and Photos by CoinDesk & Wolfie Zhao

Research conducted by Dr. Vidy Potdar has found that nearly every exchange has massive security flaws in both their password protocols and their HTTP security protocols.
Dr. Vidy Potdar is an expert in Information Security with over 15 years of experience in technology development. Potdar recently completed an extensive analysis of cryptocurrency exchanges and their digital security and uncovered significant security flaws. Such analysis is important as the popularity of cryptocurrencies continues to grow (as covered regularly on Digital Journal, such as Ken Hanly’s report “Bitcoin reaches up over $300 today after sharp drop down”).

Dr. Potdar’s study was completed in partnership with Ausfinex (an Australian cryptocurrency exchange). The results of the study, have been reported by ValueWalk. The study assessed eleven popular current cryptocurrency exchanges and the research looked at the password policies and HTTP security features of the exchanges.

The research reveals several interlinked problems in the password policies of exchanges and highlights this issues as the foremost security issue in exchange authentication mechanics. By deploying a six-dimensional password security rating metric, the research finds that most current password security implementations are weak.

For example, the research found that none of the exchanges evaluated restricted the use of reserved words for passwords on their platforms. The consequence of this is phrases and password combinations (such as Password123 or admin123) are accepted as strong passwords. The research also found the that often HTTP security headers were not being used (these provide an additional web security layer). Examples of the flaws are shown on

Based on such incidences, Dr. Potdar’s security study concludes that cryptocurrency exchanges need to reform and to provide the maximum security standards.

*This post is credited to Digitaljournal

Huobi’s Derivatives Market Includes EOS Starting Now

The third largest crypto company in the world, Huobi, has now announced that its derivative market will start to support EOS. The information was originally released via an official press release. At the moment, Huobi has a volume of over $500 million USD daily and it is the third largest company in its niche.

Now, traders can take both short and long positions using the EOS tokens. Huobi took this decision as a way to address the demands of the clients, which wanted more markets to invest in and EOS is a good asset.

The information is that the contracts will support price, position and order limits of up to 20 times leverage. The fees, the report indicates, will be only 0.02% for makers and then 0.03% for takers. Fees have to be paid when the investors open and close their positions.

Users will be able to use contracts to purchase and sell EOS at predetermined prices in the future, which lets they bet on the market and benefit (or lose) from the trends.

Huobi’s official announcement of this market happened at Cryptofrontiers, a crypto conference that happened in New York last month. At the time, it was affirmed that the markets would be available until the end of the year.

At the moment, EOS is trading around $2.35 USD on a little downtrend, which follows the whole market as it loses value after a short bull run led by Bitcoin this week.

Other Companies Plan Derivatives

Other major companies like OKEx, the second largest crypto exchange in the world now, have also launched their new derivatives products. The newest one in OKEx is the Perpetual Swap, which is a virtual derivative that was created to let the users bet on the future of the Bitcoin price. The swaps do not have expiration dates and can be held forever, though.

The second largest stock exchange in the world, NASDAQ, has also plans to release Bitcoin derivatives. This, however, will only happen in 2019.

*This post is credited to Bitcoin Exchange Guide

The Japanese Financial Services Agency (FSA) received 190 cryptocurrency exchange license applications, an unnamed FSA staff member told Cointelegraph Japan on Dec. 28.

The FSA has given the local crypto industry self-regulatory status, certifying the Japanese Virtual Currency Exchange Association (JVCEA) to oversee the space. The JVCEA is now expected to develop anti-money-laundering (AML) policy and providing guidelines to crypto exchanges.

As Cointelegraph recently reported, such a license was recently granted to cryptocurrency exchange Coincheck. Following a hack at the exchange in January, it received two business improvement orders from the FSA.

Those improvement orders were mainly focused on setting higher standards for customer protection and anti-money-laundering measures. The FSA sent “punishment notices” to seven crypto exchanges in March.

The commissioner of Japan’s FSA said in August that the agency wished the crypto industry to “grow under appropriate regulation.” He further reassured that the agency has “no intention to curb [the crypto industry] excessively.”

As the cryptocurrency and blockchain industries have been growing in Japan, so too as the FSA. In July, the agency underwent a major overhaul in order to better deal with fintech-related fields, including cryptocurrencies.

The Strategy Development and Management Bureau replaced the Inspection Bureau, and will reportedly develop a financial strategy policy and handle issues addressing the digital currencies market, fintech, and money laundering.

The Policy and Markets Bureau will succeed the Planning and Coordination Bureau, and is tasked with developing a legal framework that addresses the rapid growth of the fintech sector.

After introducing regulations that requires cryptocurrency exchanges to report suspicious transactions, the Japanese National Police Agency (NPA) reported a steep increase in such reports. According to the NPA, there have been 5,944 such reports between January and October.

*This post is credited to CoinTelegraph

Crypto bloodbath continues with negative figures but this is likely a boon for Australian based cryptocurrency exchange, Independent Reserve.  The trading platform which has recently launched a cryptocurrency Tax Estimator is getting more positive about the brutal negative crypto market.

Andrian Pzcelozny, Chief executive of Independent Reserve embrace the civil war and said: “it has been a boon for the exchange”.

Our volume yesterday was 6-7 times higher than what we’ve seen in recent weeks,

Good Opportunity For Traders to Make Money

Often traders won’t see volatility as a negative move rather they take it as a good opportunity to make money. In a similar Regard, he said volatility is potential than stability across the market.

The latest development of the crypto tax indicating tool is a collaborative innovation of the KPMG Australia and Independent Reserve. However, both the firms have a conflicting statement regarding the present market scenario where KPMG cautioned Bitcoin should not be considered as a store of value whereas IR points it a matured age of crypto. Przelozny squeeze, early adopters have paved the ways for new investors. He moreover showed the potentials of investors who are keen to get into more cryptocurrencies.

Mr. Przelozny said;

“There are a lot of applications that have not been explored yet,” said Mr. Przelozny.

The market sentiment is likely fortunate for Independent Reserve. On top of all, the firm is all set to begin an IR Venture which is a blockchain innovation hub and co-working space.

*This post is credited to Coingap

Cryptocurrencies and blockchain technologies have redefined the way payments, and settlements are now exchanging and being transferred throughout the world. Owing to their decentralized nature, virtual currencies including Ripple’s XRP are immune to challenges such as government bureaucracy and inflation to mention a few.

But everyone knows, cryptocurrency is a perfect medium for sending and receiving large sums of money from one part of the world to the other.

In recent time, the cryptocurrency market has been experiencing the emergence and introduction of new applications into the cryptocurrency ecosystem that allows merchants and users to trade, store, and exchange virtual currencies such as BTC and XRP.

Despite the progress that is being made in the cryptocurrency world, many governments and nations are still on the fence when it comes to incorporating and adopting blockchain technology.

However, Thailand seems to be going against the tides as it is eager to embrace the revolutionary technology while other countries such as the US are still trying to figure out the technology and how best they can implement it in their current operations.

Thailand is so much into blockchain technology and cryptocurrency that they are already plotting on how they can come up with their own central bank virtual currency(Ripple’s aim right from the beginning has been to make XRP a base currency for banks, so probably a pair made in heaven?).

Subsequently, Thai regulators have been making substantial progress since 2017; from permitting exchanges and ICOs to conduct their operations in the country to inaugurate a cryptocurrency license company.

The country has also caught the attention of international companies that are impressed by their clear-cut and decisive regulations governing foreign blockchain companies. Thailand is quickly emerging as an example worth emulating across Southeast Asia, and as a country worth the attention of cryptocurrency and blockchain startup founders as it is a fertile ground for the technology.

What is TOK Cryptocurrency Exchange?

TOK is a new cryptocurrency exchange service that generally attends as a wallet to hold virtual currencies as well as a mobile exchange. In addition to this, other attributes of TOK include:

A Multi-Blockchain Asset Supporter

What this says is that TOK is a platform that has the capabilities to serve as a wallet for any listed virtual currency users may decide to store in it. In addition to that, TOK has a trading capability that allows users to directly trade digital assets straight from the account/wallet with minimal security risks and conversion losses.

Mobile Exchange Capabilities

When using TOK, users have the full capabilities to exchange between virtual currencies and fiat currencies by merely using their smartphones and handheld devices. This means that whether users are working or on holiday, they can access their accounts/wallets and make the right deals at any particular time.

Offline Security Functionalities

TOK as an exchange platform is not only convenient, but it also has high-security capabilities that allow users to control how much digital assets they are storing offline. This functionality gives users the surety that their digital assets are safe and secure even when they do not access their digital assets for a long time.

No Trade Fees

Another major attribute of TOK as a platform is that they do not charge extra levy fees for transactions of any kind on their platform.

Thailand Cryptocurrency Exchange, TOK, Listing XRP

As a versatile decentralized chat application developed on Ethereum’s Blockchain, TOK is offering its users with classic attributes of a chat app as well as a user-friendly in-built cryptocurrency wallet.

A couple of days ago, Thailand based crypto exchange, TOK, announced to the world its operations towards listing Ripple’s default cryptocurrency, XRP, onto their platform. Starting November 13, 2018 (till yesterday), users could only deposit and withdraw XRP coinage on the TOK platform. But from today, users can begin trading XRP with BTC pair on the platform.

This move promises to have immense benefits for both entities as Ripple stands to become more popular in Thailand while TOK stands to enter into the league of exchanges trading the popular crypto, XRP.

*This post is credited to Globalcoinreport