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HitBTC hit the news again, passively this time after its competitor CoinBene made an anarchist announcement against the #7 exchange. Any cryptocurrency that will voluntarily choose to leave HitBTC will be welcomed for free on CoinBene.
John McAfee’s War Against HitBTC
John McAfee said that he’s keeping the pressure on cryptocurrency exchange HitBTC after rival exchange CoinBene announced a new partnership with the McAfee alliance to fight corruption in the cryptocurrency space.
We held a press conference beside @officialmcafee and @McAfeeExecutive last night. @CoinBene officially announced our new alliance partnership with @mcafeealliance and @Team_McAfee to fight against corruption in crypto market! For infos follow @McAfeeAlliance @AgainstCorruption pic.twitter.com/thig336ZHI
In the lead-up to PASS token’s listings on Lykke, HitBTC and Gatecoin exchanges, Blockpass (http://www.blockpass.org) is conducting an airdrop of 2 million PASS tokens, starting 12 July.
The airdrop is being implemented through Blockpass’ joint venture partner Infinito Wallet – a versatile, top level multi-currency wallet. Infinito will have an airdrop link on the wallet dashboard on 12 July. The wallet is available in both Android and iOS appstores.
Infinito Wallet natively supports the PASS token as well as a long list of leading cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, EOS, Litecoin, GAS, Dash, ETC, and Dogecoin. It also supports tokens of ETH ERC20 and NEO NEP-5 standards.
Recent updates about the operations of cryptocurrency exchanges is the main focus in today’s edition of Bitcoin in Brief. Stories include the official opening of Coinbase Custody, a spat between Hitbtc and John McAfee, the relaunch of the BTCC exchange and Huobi’s postponement of Hadax voting.
Coinbase Custody Opens
Coinbase has announced that its new institutional offering Coinbase Custody, that last week accepted its first deposit, is now officially open for business. The service will be onboarding crypto hedge funds, exchanges and ICO projects over the coming weeks. It is a combination of cold storage, an institutional-grade broker-dealer and reporting services, and a client coverage program.
Cryptocurrency exchange HitBTC is pushing ahead with plans to establish a Japanese subsidiary after banning accounts allegedly linked with the country.
Japanese Traders Shut Out For ‘Compliance’
HitBTC announced yesterday via the company’s official blog that it was already “actively hiring for the local office” with the intent to “expedite the launch of the Japanese operations in Q3 2018.”
The move comes days after users began complaining of account freezes following the exchange’s decision to ban any account accessed from a Japanese IP address.
Hitbtc has suspended its services for Japanese residents to avoid any trouble with the country’s financial regulator since it is not authorized to operate in Japan. Users with Japanese IP addresses will be asked to provide their residency information within the exchange’s know-your-customer (KYC) procedure to prove they are not residents of Japan.
Suspending Services in Japan
Hitbtc, the world’s eighth largest crypto exchange according to Coinmarketcap, has announced a service suspension for Japanese residents.
This week, social media behemoth Facebook announced that it was putting a blanket ban on all cryptocurrency, blockchain and binary options advertisements served through its platform.
Sure, there’s a degree of misinformation in the space but this is true of pretty much any sector and that Facebook should blanket ban the crypto sector seems hasty. Unsurprisingly, the news has come as a real blow to the sector, with many of the existing and reputable players in the space now looking for fresh outlets through which to gain coverage.
One platform is perfectly positioned to meet this demand – CLOUT.
Zug, Switzerland – trade.io has announced the launch of its partnership with HitBTC Exchange, one of the largest cryptocurrency exchanges in the world, exceeding upwards of half a billion in daily volume, and operating since 2014.
Having just finished an extremely successful PRE-ICO period which resulted in well over $ 10M in funding, trade.io is proud to provide its loyal contributors with this added value partnership, demonstrating the company’s continued intent to cooperate with the highest caliber participants in the blockchain field.
Trade.io will announce shortly when the Trade Token (or TIO, which is how it will be listed on the HitBTC exchange), will start trading. TIO will trade against the counters, Bitcoin (BTC) & Ethereum (ETH).
Do you have a preferred alternative digital coin, but you are having trouble finding it listed on your favorite cryptocurrency exchanges? You can do something about it because HitBTC , the most advanced cyrptocurrency exchange in the world, is offering two ways to make the e-currency available.
Market Makers Contract
By definition, a market-maker is an entity that assumes the risk of possessing a number of shares of a certain security or cryptocurrency to facilitate trading. If orders are made, market-makers sell from their own shares or look for offsetting orders.