Major Crypto Exchange Binance Launches ‘Sub-Accounts’ for Institutional Clients

Top cryptocurrency exchange Binance has released a new sub-accounts feature for institutional and high-tier individual traders, according to a press release shared with Cointelegraph Dec. 6. The feature will allow parties to create up to 200 subsidiary trading accounts under the canopy of one main account. This “master” account will have sole control over movement of assets between sub-accounts, and be able to grant each of them different access levels and permissions. Nonetheless, each sub-account will retain its own set of API limits to allow for high capacity trading. According…

Binance Launches Multi-Account Feature for Institutional Crypto Traders

Crypto exchange Binance is looking to aid institutional investors with a new sub-account feature. Announced Thursday, these sub-accounts will allow institutions to set up multiple trading accounts for each firm, with different accounts being given different levels of access and control. The firms’ main accounts will be able to control these sub-accounts, granting them permissions as needed. A single institution may have up to 200 sub-accounts, according to the exchange. In addition to the different levels of account types, Binance will allow different sub-accounts to transfer funds with no fees…

BitGive Launches Bitcoin Donation Platform GiveTrack 1.0 on Mainnet

Having announced the beta version of its blockchain-based donation platform GiveTrack in 2017, the BitGive Foundation has now launched the GiveTrack 1.0 on the mainnet. The GiveTrack platform was created to bring transparency to the donation process. Using the platform, donations can be made with bitcoin, allowing donors to track the progress of the funds in real time, ensuring donations make it to the intended charities and get used for their intended causes. The latest version of GiveTrack, which was launched at the Latin American Bitcoin and Blockchain Conference in…

Air Force Grad School Launches Blockchain Demo Site

The Air Force Institute of Technology (AFIT), a graduate school run by the U.S. Air Force, has launched an educational tool for blockchain. Modern Materials Handling magazine reported Monday that the school had launched a free demonstration website for supply chain management professionals in particular, aimed at helping students learn more about blockchain and its potential use cases. The tool can be used on its own as a classroom module, or folded into other lessons, according to the magazine. The platform was developed in conjunction with supply chain firm SecureMarking…

Crypto Exchange Poloniex Launches Institutional Trading Services

Crypto exchange Poloniex has announced the opening of trading services for institutional clients. The company, which was acquired by payments firm Circle earlier this year, said Tuesday that it will begin offering institutional accounts, with support for different crypto trading pairs and API interfaces. The exchange will also provide no-fee transactions for all bitcoin/USD Coin trades in December. As part of its new accounts, Circle is offering over-the-counter trading through Circle Trade, services through Poloniex and trading pairs with the USDC stablecoin, according to a registration page. Firms looking to participate in…

Crypto Exchange OKEx Launches ‘Perpetual Swap’ Derivative Product

Malta-based cryptocurrency exchange OKEx has launched a new derivative product called Perpetual Swap trading, according to a press release shared with Cointelegraph Dec. 3. Perpetual Swap is a peer-to-peer, virtual derivative developed by OKex, that enables users to speculate the direction of the price of digital assets. Its mechanism is reportedly very similar to a futures contract, but with no expiry and daily settlement. Each swap contract has a notional value of $100 Bitcoin (BTC) equivalent. Per the release, the new derivative product allows users to perform perpetual swaps, futures…

Fintech Startup Launches Bitcoin Payment Feature

Canada-based mobile payments company Glance Technologies Inc. has added support for Bitcoin (BTC) as a payment method, according a press release published Nov. 29. The firm’s release states that the new feature, dubbed “Pay With Bitcoin,” enables users “to pair their cryptocurrency wallet with their Glance Pay account, and then purchase Glance Dollars with Bitcoin.” The in-house currency can then reportedly be spent at merchants, which use Glance’s system to accept payments. As the release claims, using their in-house token as a go-between currency for payments “enabl[es] lightning-fast payments.” Desmond…

Coinbase Pro Launches Support for Zcash

Major U.S. cryptocurrency exchange Coinbase has launched support for Zcash (ZEC) on its Coinbase Pro platform, according to a company blog post published Nov. 29. Zcash is a cryptocurrency based on a decentralized blockchain, designed with the goal of making transactions more private than they are in the Bitcoin (BTC) blockchain. Zcash’s “view key” option is used to allow some individuals to see private information about users’ transactions. View keys may be used for an audit or sharing information without disclosing it publically. Today’s announcement notes that the Coinbase Pro…

Oil-Trading Blockchain Platform VAKT Launches With Shell, BP as First Users

Post trade management platform VAKT has launched its blockchain-based processing tool to an initial group of crude oil industry clients, a press release reports Nov. 29. VAKT, which uses JPMorgan’s Quorum blockchain technology to run, has rolled out to BFOET crude participants. The press release reports that energy giants BP, Equinor, Shell, Gunvor and Mercuria are participating as the platform’s first users. The companies will use the blockchain tool in tandem with their existing systems, VAKT planning a larger rollout in January next year. In future, the company aims to…

UAE Launches Blockchain Initiative to Process 50% of Govt. Transactions by 2021

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The government of the United Arab Emirates has unveiled two national initiatives focusing on strengthening the position of the country globally in emerging technologies such as blockchain and artificial intelligence. One of the programs that were launched during the second UAE Government Annual Meetings which took place in the capital Abu Dhabi was the AI and Blockchain Guide initiative, as initially reported by the Emirates News…