#Exchanges

Leading cryptocurrency exchange Binance took a big step towards becoming a decentralized exchange when it revealed a “rough, pre-alpha” demo version of its upcoming new DEX platform.

Cryptocurrency and digiital asset exchange ShapeShift announced on Wednesday, August 8, the acquisition of the Austin-based software company Bitfract after it made “the only tool in the world” that allows trading bitcoin into dozens of digital assets in a single transaction company’s API.

Binance, the world’s leading crypto exchange, has made its first public acquisition, having bought a decentralized Trust Wallet. Announced on Tuesday, July 31, the Trust Wallet acquisition is made with the aim “to provide a better service” and “to enhance the safety” for all of its users.

Instant crypto withdrawals are now a reality. The bridge connecting cryptocurrencies with regular finance is being built brick after brick. Fintech start-up ORCA has presented their technological case for the community during a live event streamed online. ORCA completed a transfer from a cryptocurrency exchange straight to user’s bank account in 6 seconds.

Binance, one of the world’s most popular and most successful cryptocurrency exchanges, plans to offer traders the ability to trade cryptocurrencies for euros with other fiat currency trading pairs in the works.

FokLog spoke to Konstantin Gladych, CEO and co-founder of Changelly, during BlockShow Europe 2018 in Berlin, where he took the stage to talk about centralized and decentralized exchanges.

The Russian government has prepared a memo on the law “On digital financial assets” that states the “exchange of cryptocurrencies for fiat money to the amount of 600,000 rubles (around $10,000) and more has to be subject to mandatory currency control,” Russian publication Izvestiya reports.

In the light of the recent Coincheck hack which resulted in theft of over $500 million in NEM (XEM) cryptocurrency, the ongoing debate on the importance of decentralized solutions is taking another turn highlighting issues such as the vulnerability of ‘traditional’ centralized platforms and users having to sacrifice the control of their private keys in […]