Delta Exchange Launches Options Trading for Binance Coin and Link

Cryptocurrency derivatives trading platform Delta Exchange has today launched options trading for two major altcoins, Binance Coin (BNB) and Chainlink’s LINK. In an announcement on June 19, the exchange indicated it would be following the launch of its options for BNB and LINK with similar contracts for Tezos (XTZ), Atomic Coin (ATOM), XRP and Litecoin (LTC). Delta’s CEO Pankaj Balani told Cointelegraph that BNB and LINK are two of the most active coins on the exchange and that the launch of the new contracts was in response to “a lot…

Bank of Thailand Launches Digital Currency Pilot Project

The Bank of Thailand announced that it plans to develop a prototype to test real-life business use cases of its central bank digital currency (CBDC). The bank said in its official statement that before it launches the CBDC payment system for all businesses, it plans to test it with large-scale enterprises.  They have partnered with the largest cement and building material provider in Thailand, Siam Cement Group (SCG), and Thailand-based fintech firm Digital Ventures Company Limited to pilot test their payment prototype system. The project is scheduled to start in…

PieDAO Launches USD++ to Reduce Risks With ‘Unstable-Coins’

PieDAO has launched USD++, a hedged basket of USD-denominated Ethereum (ETH)-based stablecoins. The decentralized organization is aiming to reduce the risks associated with holding stablecoins over the longer term and using decentralized finance (DeFi) protocols. PieDAO USD++ contains four stablecoins which have been weighted in such a way as to  minimize price volatility for holders. Weightings are determined according to which stable tokens have the strongest peg, largest market, and greatest trust from the community. At present the USD++ basket comprises 47.22% USD Coin (USDC), 28.58% TrueUSD (TUSD), 20.42% Dai…

Singapore Carpooling App Ryde Launches Wallet for BTC Payments

Singaporean carpooling app Ryde announced the launch of its own cryptocurrency wallet which will facilitate Bitcoin (BTC) payments for its service. In an announcement shared with Cointelegraph on June 17, Ryde claims to be the first and only ride-hailing application to incorporate Bitcoin payments into its ecosystem. The firm’s customers will be able to use Bitcoin to pay their rides starting on June 22. Other cryptocurrencies will follow Ryde’s wallet, RydePay, will allow its users to convert Bitcoin into Ryde coins to top up their balance and pay for their…

Crikey! Kraken Launches Support for Aussie Dollar Trading Pairs

Major cryptocurrency exchange Kraken has announced support for Aussie dollar (AUD) trading pairs and account funding. Australian dollars will be tradeable against Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), and Tether (USDT) on the platform. AUD is the seventh fiat currency to be supported by Kraken, joining USD, CAD, EUR, JPY, GBP, and CHF. Kraken clients based outside of the United States will also be able to trade AUD-based foreign exchange pairs against USD, EUR, and JPY. Kraken launches AUD funding support Kraken will launch AUD…

Indian Crypto Exchange Launches Blockchain Education Platform

Indian cryptocurrency exchange CoinDCX launched a learning platform dedicated to blockchain and cryptocurrencies. According to a June 16 announcement, the CoinDCX Learn platform is a blockchain and cryptocurrency academy that offers guides, articles, courses and lectures. The firm’s CEO and co-founder Sumit Gupta commented: “With the potential to accelerate financial inclusion in India, as well as opening gateways to new forms of investing, cryptocurrencies can benefit everyone. However, for Indians to take full advantage of crypto, we need to lay the groundwork through appropriate education. With DCX Learn, we want…

ETH Miners Will Have Little Choice Once Ethereum 2.0 Launches With PoS

As Ethereum is finally set to launch its Ethereum 2.0 upgrade later this year, putting an end to a long streak of delays, the network will start moving toward a proof-of-stake model.  Consequently, the network will abandon the proof-of-work consensus algorithm, leaving Ether (ETH) miners with very few options. Since their equipment will become obsolete, they will be forced to start mining altcoins, or recertify as ETH stakers. So, what is the current state of ETH mining, and what exactly will happen to the industry as a result of the…

SEC Launches Virtual Meetups for Fintech Industry Players

FinHub, a fintech arm of the U.S. Securities and Exchange Commission (SEC) will now host digital meetings for industry players amid COVID-19 lockdowns. “To facilitate ongoing communications, FinHub will host a series of thematically-based virtual P2P meet-ups over the next few months,” the commission said in a June 11 statement, adding: “During each series, FinHub staff will meet virtually with innovators, entrepreneurs, or firms that wish to discuss issues related to that series’ theme.”  FinHub began as a way of guiding innovation FinHub started up in late 2018 as a…

BitPay’s Prepaid Mastercard Launches in US to Make Crypto Accessible

Blockchain payments provider BitPay has launched a Mastercard prepaid card for crypto users in the United States. The BitPay Card enables customers to convert their cryptocurrency into fiat, which can then be loaded onto the card and spent anywhere Mastercard debit is accepted. Card holders can also withdraw U.S. dollars from ATMs and make online purchases. BitPay CEO Stephen Pair told Cointelegraph that the BitPay Card is specifically targeted at crypto holders, serving as a tool to provide a convenient way to access spending power: “The real goal of the…

Cosmos-Based Interoperable DeFi Project Launches on Mainnet With BNB Collateral

The Kava decentralized finance (DeFi) protocol officially launched on Cosmos (ATOM) mainnet, with an initial onboarding of Binance Coin (BNB) as a collateral form. Kava works in a similar way to MakerDAO (MKR), allowing users to deposit crypto assets and borrow Kava’s stablecoin, USDX. The project focuses on providing interoperability to DeFi, and promises to onboard collateral from other chains including Bitcoin (BTC) and Ethereum (ETH). The initial collateral form is BNB, which gives Binance’s token a DeFi use case. It is no secret that the exchange sought to introduce…