Updated Bitfinex Mobile App Now Includes Derivatives Trading Support

Cryptocurrency exchange Bitfinex has announced the latest updates and optimizations to its mobile app. New version features support for derivatives trading  On Oct. 11, cryptocurrency trading platform Bitfinex presented the newest version of the Bitfinex mobile app, which includes derivatives trading support as well as in-app access to Bitfinex Reports 2.0. Version 3.19.3 of the Bitfinex mobile application features support for derivatives, including pairs, charts, order form with a leverage slider, order history and positions.  Users of the updated mobile app can now also gain access through an in-app browser…

Founder of Alternative to Facebook’s Libra Exaggerates ‘Partnerships’

The founder of the OpenLibra project, Lucas Geiger, reportedly misrepresented some of the organizations involved in the project. OpenLibra founder apologized through Telegram On Oct. 11, Coindesk reported that at least four individuals and organizations denied the fact that they support the OpenLibra project. Others are minimizing their involvement in OpenLibra, which aims to become an alternative to Facebook’s Libra. Ethereum developer Lane Rettig excitedly took to Twitter on Oct. 8 to share Geiger’s announcement of OpenLibra at the Ethereum developer conference Devcon 5, in Osaka, Japan, adding: “Seeing #openlibra…

US SEC Deems $1.7 Billion Telegram Offering Illegal, Orders Halt

The United States Securities and Exchange Commission (SEC) has announced that Telegram and the forthcoming GRM token constitute an unregistered digital token offering. Per an Oct. 11 press release, the SEC has filed an emergency action and restraining order against Telegram and the Telegram Open Network (TON) in a complaint with Manhattan court. The allegations The full complaint alleges that Telegram and TON did not register their sale of GRM tokens, which the SEC considers securities and which, therefore, require registration with the SEC according to the Securities Act of…

Ethereum Is No Longer a Monopoly Platform for Stablecoins

Just a few years ago, it was hard to imagine that a stablecoin would come to represent a significant portion of the cryptocurrency industry. Market players tended to base their money-making strategies on a cryptocurrency’s volatility rather than its stability. There were only 11 stablecoins on the market in 2016, and another 10 were added in 2017. Nowadays, there are 66 stablecoins, and over 134 others still in development. The overwhelming majority of these stablecoins were running on Ethereum before 2018, without any indication suggesting that this might change. But…

Australia’s Gold Mint Is Backing a Crypto Token Based on Ethereum

Australia’s only bullion mint is backing a new digital token aimed to allow investors to trade the precious metal in real time. The Perth Mint Gold Token (PMGT) was launched by InfiniGold on Friday, and is backed 1:1 by GoldPass certificates issued by The Perth Mint. The digital certificates are 100% gold backed and guaranteed by the Government of Western Australia, which is the sole owner of the 120-year-old mint. “PMGT is digitized gold that allows users to conveniently acquire and have entitlement over government guaranteed physical gold stored at The Perth Mint in…

Bank of America Is Now Hiring in Blockchain, Not Just Filing Patents

The second-largest U.S. bank has begun hiring for blockchain positions. The job openings, which appeared in recent months, are the first indicator that Bank of America plans to do much else with the technology apart from 78 blockchain-related patents the bank has filed or won to date.  The Charlotte, N.C.-based bank has six positions open that mention blockchain: one for a treasury product manager, three for enterprise payment technology senior architects and two for banking regulatory domain architects.  Each job description either calls for experience with blockchain tech or the ability…

Binance Adds XRP-Pegged Token to Its Decentralized Exchange

Binance, the world’s top cryptocurrency exchange by volume, announced Thursday the issuance of the second cryptocurrency ever onto its affiliated decentralized exchange (DEX), Binance Chain. Listed as XRP-BF2, the XRP variant is pegged one-to-one to XRP on Binance’s main exchange for instant swapping without slippage, the exchange said. Binance minteds 10 million XRP-BF2 for the DEX. XRP-BF2 is preceded by a June 2019 addition of a pegged variant of bitcoin, BTCB. “All XRP issued on Binance Chain will be backed 1:1 by native XRP sitting in a publicly disclosed address…

Why French Lender SocGen Issued a $110 Million Ethereum Bond to Itself

Six months after Societe Generale issued its first bond on a public blockchain, it has yet to offer the instrument to clients or to make use of the full capabilities of the smart contract mediating the sale.  But the French financial institution insists that it hasn’t forgotten about the €100 million (roughly $110 million) bond, which it sold to itself, and that it remains interested in trialing blockchain technology in the long term.  “Our intention is to not resell this at this point in time,” said Jean-Marc Stenger, CEO of…

TRON, Stellar Join Mousebelt’s Blockchain Education Alliance to Train Student Developers

Crypto firms need young developers, university students need jobs and a new alliance of blockchain educators wants to give both a hand. The Blockchain Education Alliance will address crypto recruiters’ perennial high-demand-and-low-supply quandary with a raft of tools, resources, mentorships and industry contacts that it hopes will create a new generation of students in the field. “It’s better for everyone in the ecosystem if we have more talent and better projects being built,” said coordinator Ashlie Meredith, the program director for Mousebelt University, adding: “It’s a long-term investment in the…

‘Members’ of OpenLibra Disavow Project Days After Its Devcon Unveiling

The creator of an “open” alternative to Facebook’s Libra stablecoin initially misrepresented which organizations are involved in the project, CoinDesk has learned. Four individuals and organizations have disavowed the OpenLibra project, which was unveiled Oct. 9 at Devcon. Others say the extent of their involvement was overblown. “I showed up to one community call for OpenLibra. I didn’t really do anything after that,” said Sunny Aggarwal, a core developer at blockchain startup Tendermint Inc. He added: “I wasn’t asked before my name was used on the slides.” Outside of Aggarwal, representatives…