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BiteBTC Exchange Acquired by Seychelles Commercial Bank

June G. Bauer

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BiteBTC-exchange

BiteBTC exchange has been acquired by Seychelles Commercial Bank (SCB) and will be rebranded to Fedlio. BiteBTC’s current data including user databases, user wallets, orders and transactions history will be migrated to the new platform.

Fedlio is a registered new company but it will assumes all obligations to return the funds that were frozen at BiteBTC. As part of the updated KYC procedure, all blocked user accounts will be moved to the status of temporarily suspended. This group of users will have the opportunity to provide data to restore their accounts. The compliance team will be the responsibility of a team from the Seychelles Commercial bank department, which has the authority to restore and return the traders balances.

BiteBTC is an infamous cryptocurrency exchange that was owned and operated by two Singapore citizens Ng Chee Siang and Sim Zi Chao and was accused of faking trading volumes and scamming it’s uses.

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Altcoins

Binance.US Adds Dash Coin

Sying Tien

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DASH-is-added-to-binance

Binance.us, the US division of the Chinese cryptocurrency exchange Binance, announced that it has listed Dash (DASH) coin on its platform. Dash trading will be available today at 9:00pm EST.

Currently Binance.us supports 14 coins: Bitcoin (BTC), Bat Toekn (BAT), Cardano (ADA), Bitcoin Cash (BCH), Binance coin (BNB), Ethereum Classic (ETC), Ethereum (ETH), Litecoin (LTC), ChainLink (LNK), Ravencoin (RVN), Stellar Lumens (XLM), Ripple (XRP), 0x (ZRX) and lastly DASH.

Binance.US, is a digital cryptocurrency marketplace for Americans operated by our local U.S. partner, BAM Trading Service.

Whats is DASH Cryptocurrency?

Previously known as darkcoin, is a cryptocurrency designed specifically for payments. Dash is a peer-to-peer decentralized electronic form of payment, which is free from centralized regulations, such as bank or government authority, and allows users to transact anonymously. This currency was inspired by cryptocurrency leader Bitcoin, but with a couple of major differences.

DASH/BTC Price Chart

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Exchanges

Coinbase Obtains E-money license in Ireland

June G. Bauer

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Coinbase-Ireland-license

Coinbase, the largest U.S. cryptocurrency exchange and wallet service, will be expanding its operation in Ireland after successfully e-money license from the Central Bank of Ireland.

According to The Irish Times and Coinbase’s blog , Coinbase is one of the companies to receive the e-money license in Ireland.

Coinbase’s choice of Dublin for this operation reinforces the strength of Ireland as a destination for financial services companies, providing a consistent, certain, pro-enterprise policy environment for businesses to grow and thrive

Martin Shanahan, CEO, IDA Ireland

Coinbase is one of the largest cryptocurrency exchanges in the world, it is based in San Francisco, California and currently has more than 30 million users, while over $150 billion has been traded on its platform.

Coinbase has always been working on “licensing”. It firstly obtained BitLicense from New York State Department of Financial Services (NYDFS) and later acquiring a fully licensed securities firm.

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Altcoins

Bittrex Adds VeChain

June G. Bauer

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Bittrex-adds-Vechian

Bittrex cryptocurrency exchange has added VeChain (VET) to it’s international trading platform. Vet is already listed and traded on Binance and OceanEx.

VeChain Foundation is a non profit entity established in Singapore. VeChain provides a blockchain-enabled platform that is designed to enhance supply chain management processes. It provides retailers and consumers with the ability to determine the quality and authenticity of products that are bought.

During the last couple of years, VeChain signed partnerships with big names like Microsoft, PwC, Renault and Xiamen Innov Information Technology Co Ltd.

VeChain (VET) /USD Price Chart

What is Bittrex Intentional Exchange?

Bittrex International is a European-based secure, reliable & advanced cryptocurrency trading platform for non-U.S. customers.

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