Binance Adds Support for Fee-Free P2P Trading With Russian Rubles

Binance’s peer-to-peer trading facility has added support for the Russian ruble as the exchange continues to build out its business in the major market. The Malta-based cryptocurrency exchange announced Tuesday that users would be able to trade rubles directly with bitcoin (BTC), ether (ETH), tether (USDT) and binance coin (BNB) without any transaction fees. This is the third fiat currency – after the Chinese yuan and Vietnamese dong – Binance has integrated into its peer-to-peer platform. “Russia is a vibrant market for blockchain and crypto advancement. We strive to provide our…

Joint Venture Launches Canadian Dollar-Pegged Stablecoin for Financial Services

A new stablecoin pegged to the Canadian dollar may help digitize the North American nation’s financial markets. Canada Stablecorp announced Monday it was issuing the “QCAD” stablecoin for “mass market,” including foreign exchange remittances and other financial products. Canada Stablecorp is a joint venture between cryptoasset manager 3iQ, which recently received approval to launch a bitcoin fund, and Mavennet Systems, a blockchain development firm launched last year. QCAD is being described as both a means of payment and a settlement solution. “It allows you to trade, to take positions against…

SEC ‘Safe Harbor’ Proposal Lauded by Token Fans, DeFi Builders at 0x Conference

The token industry is applauding SEC Commissioner Hester Peirce’s “Safe Harbor” proposal, calling it a mature response to the 2017 ICO bubble. Announced the day before decentralized finance (DeFi) protocol 0x’s 0xpo conference last Friday in San Francisco, founders, lawyers and tokenization fanatics of all stripes said the proposal a boon for both entrepreneurs and investors in the nascent tokenization industry. And what better a place to ponder the news: an event dedicated to the permissionless exchange of digital assets with a deep roster of ethereum veterans in attendance. Add…

Trump’s 2021 Budget Proposal Seeks to Optimize Crypto Policing

U.S. President Donald Trump’s $4.8 trillion budget proposal for FY 2021, released Monday, seeks to expand the Treasury Department’s cryptocurrency oversight by returning the United States Secret Service, now a division of the Department of Homeland Security, to its jurisdiction.  The reshuffling would “create new efficiencies” in the Secret Service’s investigation of criminal acts involving cryptocurrencies and the financial marketplace, the executive report reads. It will also give Treasury more fire power to, as the budget reads, “disrupt terrorist financing, hold rogue states and human rights abusers accountable, and detect…

The SEC’s Safe Harbor Proposal With CoinList CEO Andy Bromberg

Will a newly proposed “safe harbor” transform the U.S. regulatory landscape for token projects? CoinList CEO Andy Bromberg discusses. Last week, SEC Commissioner Hester Peirce proposed Rule 195 to give token projects a three-year safe harbor. This proposed period would allow them to distribute tokens without fear of violating securities law so long as they achieve certain standards of decentralization in that time. CoinList is a platform for compliant token sales. On this episode of The Breakdown, CoinList CEO Andy Bromberg and @nlw discuss: Disclosure Read More The leader in…

Seed CX Expands European Presence With Euro-Crypto Order Books

Seed CX is expanding its European services with the addition of eight new order books for its spot-trading market. Seed Commodities Market, the Chicago-based firm’s spot market, announced Monday that it’s created euro trading pairs against bitcoin, ether, litecoin, bitcoin cash, Paxos dollar, TrueUSD, USDC and the U.S. dollar. It’s also expanding trading hours to 24/7.  The new order books were launched in response to demand from Seed’s European traders, said Brian Liston, president of the spot market division.  “We have a lot of traders who are in Europe and…

New Crypto Exchange Altsbit Says It Will Close Following Hack

A cryptocurrency exchange that only launched in the last few months says it has been hit by a hack that it can’t afford to cover. Altsbit – a platform reported to be based in Italy, though it doesn’t make this clear on its website or social media – announced the breach last Thursday, stating on Twitter: “Unfortunately we have to notify you with the fact that our exchange was hacked during the night and almost all funds from BTC, ETH, ARRR and VRSC were stolen. A small part of the…