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Binance: USDT addresses will be changed from OMNI-based addresses to ERC20-based

Sying Tien

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Binance exchange has announced today a major changes in in USDT addresses. It will be switching USDT addresses from OMNI-based addresses to ERC20-based, As quoted bellow:

Binance will suspend USDT deposits and withdrawals for approximately 30 minutes starting at 2019/07/04 08:00 AM (UTC). During this period, all USDT deposit and withdrawal addresses will be changed from OMNI-based addresses to ERC20-based addresses, and will be the default setting going forward. OMNI-based USDT can still be deposited to users’ previous OMNI USDT deposit addresses and will be accepted. 
Please note: After this update, users will no longer be able to withdraw OMNI-based USDT. 

The protocol used by USDTOmni is the Omni layer protocol built on the BTC blockchain network. The USDT-ERC20 is the USDT issued by Tether based on the ETH network with currency address of ETH and withdrawal through ETH network. The USDT-ERC20 uses the ERC20 protocol.

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Exchanges

STEX Exchange Adds Indian Rupee

Sying Tien

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STEX Exchange Adds Indian Rupee

The Estonian cryptocurrency exchange, STEX, has added support to Indian Rupee payments within its platform. Users will be able to perchance cryptocurrency for INR – Indian Rupee with using VISA or Mastercard.

STEX exchange is a centralized cryptocurrency exchange that was founded by Vadym Kurylovych and launched in September 2017. The exchange located in Tallinn, Estonia. The exchange It supports crypto-to-crypto and fiat-to-crypto trading with no withdrawal limits.

Estonia is also one of the few countries that have a specific license issued for cryptocurrency exchanges, with simple company setup procedures and favorable taxation.

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Altcoins

ARK Price Jumps 48% After Binance’s Announcement

June G. Bauer

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ARK Price Jumps

Binance, the world’s largest cryptocurrency exchange, has officially enabled ARK staking on its exchange platform. Users can earn passive income by just holding at least 5 ARK coins on their exchange wallets.

Following Binanace’s announcement, the value of the cryptocurrency ARK coin rose by 48 percent last night. At the time of writing, ARK coin is worth $0.214, giving it a $25.8 million market cap.

Ark is one of the most ambitious solid projects in the crypto space. Ark is an all-in-one blockchain platform that aims to create an entire ecosystem of linked chains and a virtual spider web of endless use cases that make ARK highly flexible, adaptable, and scalable.

What is Crypto Staking?

In practice, staking allows customers to earn what is essentially interest on any cryptocurrency they hold, rewarding HODLers with a stream of passive income.

Currently, Binance supports staking for several PoS (Proof of Stake) coins, including Stellar (XLM), Algorand (ALGO), NEO (GAS), Ontology (ONG), VeChain (VTHO), Tron (BTT), Komodo (KMD), Stratis (STRAT), and Qtum (QTUM).

ARK/USD Price

*Charts are provided by cryptocompare.com

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Exchanges

ShapeShift Acquires Portis Wallet

Sying Tien

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ShapeShift-Buys-Portis-Wallet

Switzerland-based crypto exchange ShapeShift has acquired Portis crypto wallet for an undisclosed sum.

According to the acquisition announcement, all ShapeShift users will be able to log in to most leading Web3 applications like OpenSea, Augur, and Uniswap and will be able to get access to commission-free coin conversions on all major chains (not just Ethereum and ERC-20 tokens), and super fast fiat-to-crypto via a debit card.

Portis, an Israeli startup that offers a non-custodial web3 provider offered as an SDK to developers. It was was founded in May 2018 by CEO Tom Teman and Itay Radotzki and has developed a crypto wallet app (DApps) based on the blockchain of ethereum.

Last November, ShapeShift has integrated Portis wallet so Users can gain access to the exchange’s end-to-end encryption architecture, which would give users full control over their private crypto keys.

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