The Daily: Binance Launches Analysis Division, Cobinhood Adds 4 Stablecoins

Neutral The Daily: Binance Launches Analysis Division, Cobinhood Adds 4 Stablecoins

In this edition of The Daily, we cover the launch of Binance Research, a new analysis division that will produce in-depth reports for customers of the leading cryptocurrency trading platform. We also look at Cobinhood's decision to add several stablecoins to its platform and the reasoning behind the move. In addition, we focus on SWIFT's denial of rumors that it has partnered with Ripple, as well as a plot of virtual land that was sold on Decentraland for a record amount of money. Also read: Security Experts Rank Exchanges by Safety, Malta Dominates Trade

Binance Research Starts With Two Reports

Binance, currently the largest digital asset exchange in terms of daily trading volume, has launched a new analysis division. Binance Research will focus on creating institutional-grade research reports, the trading platform said in an announcement on its website. Binance has referred to the service as a new pillar of its ecosystem and claims it's going to bring more transparency, while also improving the quality of information that's available in the cryptocurrency space.

Binance Research has already produced two detailed reports. The first one is ­devoted to Loom Network, a solution for Ethereum that allows for scalable user-facing dapps and games. The second report covers Gochain, a scalable and decentralized blockchain that supports smart contracts and distributed applications. The research division's next report will be about Pundi X, a company that has built a platform enabling cryptocurrency payments through POS terminals.

This past summer, the cryptocurrency exchange also launched an educational portal called Binance Academy. The platform was announced as an open-access learning hub supported by the team of the company. Binance was established in China last year and has since expanded globally to become the leading trading platform in the crypto space.

Cobinhood Announces Support for Stablecoins

Cobinhood, a platform that exchanges cryptocurrencies without trading fees, has announced that it's adding four stablecoins to its offerings. Starting Nov. 9, users will be able to trade gemini dollar (GUSD), makerdao (DAI), the paxos standard token (PAX) and trueusd (TUSD).

In a press release, Cobinhood explained its decision to list the coins. It noted that each one of them has unique features, but said all of them are designed to ensure greater market stability, as regular cryptocurrencies can be particularly volatile. The Taiwanese company also explained that the newly added tokens will be available on its platform for deposits, withdrawals and trading.

"We are increasing the presence of stablecoins on the Cobinhood exchange so the community understands that their voices have been heard and stability is being made possible," said Wei-Ning Huang, co-founder of Cobinhood. "Our mission is to make the space more approachable for anyone who wants to participate."

SWIFT Denies Rumors of Partnership With Ripple

SWIFT, the international consortium that operates a worldwide network enabling banks to transmit messages and financial transactions, has denied recent rumors about the integration of Ripplenet technologies as part of its next system upgrade. A spokesperson for SWIFT told Finance Magnates the changes had nothing to do with Ripple.

The upcoming upgrade involves an add-on to SWIFT's global payments innovation (GPI) system. The standard was introduced in January of last year in order to increase the operating speed of the payment network, which has been used in correspondent banking for decades. The upgrade was announced this past spring and is scheduled to be implemented on Nov. 18.

Plot of Virtual Land Sold for $215,000

An investor recently purchased a 126-parcel plot of land on Decentraland for 2.7 million mana, the virtual reality platform's native token. The acquisition, valued at roughly $215,000, sets a new record for Decentraland, which is owned by its users. The estate was purchased via the platform's marketplace. It allows users to trade "LAND parcels," which represent non-fungible digital assets maintained through a smart contract on the Ethereum network.

The virtual reality project recently launched a new version of Agora, a platform that allows holders of mana tokens to vote on important matters. One of the first questions they are being asked concerns the time frame for the next land auction, when 9,000 unowned parcels of land will be made available to the community.

What are your thoughts on today's news tidbits? Tell us in the comments section. Images courtesy of Shutterstock. Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We've got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we

Lubomir Tassev is a journalist from tech-savvy Bulgaria, which sometimes finds itself at the forefront of advances it cannot easily afford. Quoting Hitchens, he says: "Being a writer is what I am, rather than what I do." International politics and economics are two other sources of inspiration.

11/09/2018 / 12:10:24 Source: bitcoin.com

BTC
1 BTC=$3,434.60
XRP
1 XRP=$0.3069
ETH
1 ETH=$89.72
XUC
1 XUC=$2.09
EOS
1 EOS=$1.98
BCH
1 BCH=$96.11

News Feed 50

Coinnounce Neutral - Zebpay moves to Europe leaving behind India read more.
12/13/2018 / 10:31:15
Cryptoglobe Negative - #XRP Price Analysis – December 13 read more.
12/13/2018 / 10:30:00
Ccn Neutral - Europe’s Top Asset Manager Calls For Crypto Ban While U.S. Institutions Build read more.
12/13/2018 / 10:20:39
Newsbtc Neutral - Crypto Users Double Amid Market Meltdown, a Sign of Recovery? read more.
12/13/2018 / 10:00:24
Bitcoinist Neutral - Stuttgart Stock Exchange to Launch Crypto Trading Platform in 2019 read more.
12/13/2018 / 10:00:24
Livebitcoinnews Neutral - #Ripple Price Analysis: XRP Approaching Next Significant Break read more.
12/13/2018 / 10:00:13
Coindesk Neutral - Overstock Venture Chief Expects Market for Blockchain Products in 2019 read more.
12/13/2018 / 10:00:09
Cryptoglobe Neutral - Ethereum Client ‘Geth’ Already Updated for Constantinople Hard Fork in January read more.
12/13/2018 / 09:55:00
Bitcoin.Com Neutral - P2P Markets Report: Latin American Markets Continue to Post Record Volume read more.
12/13/2018 / 09:50:33
Themerkle Neutral - QTUM Price Turns Bullish as Value Hits $1.9 read more.
12/13/2018 / 09:36:01
Ccn Neutral - HTC Exodus 1 Blockchain Smartphone Will Ship with Brave Browser read more.
12/13/2018 / 09:35:47
Themerkle Neutral - Bitcoin Private (BTCP) Price Continues Its Rise Post KuCoin Support read more.
12/13/2018 / 09:35:29
Financemagnates Neutral - Lisk CEO Responds to Criticism: “No Consensus Algorithm is Perfect” read more.
12/13/2018 / 09:31:51
Cryptopotato Neutral - Stablecoins Hype? $133M Basis Project Shuts Down with No Warning read more.
12/13/2018 / 09:29:00
Cryptoglobe Neutral - Crypto Roundup - Countries to launch interbank transactions & BTC on Yellow vest Revolution? read more.
12/13/2018 / 09:22:46
Coindesk Neutral - Major German Stock Exchange to Launch Crypto Trading Platform read more.
12/13/2018 / 09:01:08
Newsbtc Neutral - Ripple Exec: Crypto Technology Needs Improvement Before Adoption read more.
12/13/2018 / 09:00:46
Themerkle Neutral - Crypto Arbitrage Today: Dash, DOGE, XMR, EOS, TRX, XLM read more.
12/13/2018 / 08:55:09
Coindesk Neutral - A Built-In Ethereum Wallet Just Got Added to Opera’s Browser read more.
12/13/2018 / 08:26:12
Ccn Neutral - IBM Looking to Provide Blockchain Solutions to India’s Telecommunications Operators read more.
12/13/2018 / 08:18:25
Themerkle Neutral - Stratis Price Hits $0.65 Following Full Node Release read more.
12/13/2018 / 08:17:51
Livebitcoinnews Neutral - Ethereum Remains One of the Most Popular Blockchain Networks read more.
12/13/2018 / 08:00:44
Newsbtc Negative - Crypto Market Update: Tezos Gets Huobi Listing, EOS Flips Bitcoin Cash read more.
12/13/2018 / 08:00:24
Bitcoin.Com Neutral - Benchmark University Study Shines a Spotlight on Crypto Assets read more.
12/13/2018 / 07:50:53
Cryptoglobe Neutral - Crypto Exchange Zebpay Launches Euro to Crypto Trading in 21 European Countries read more.
12/13/2018 / 07:45:55
Ccn Neutral - Bitcoin Price to Likely Avoid Drop Below $3k as Crypto Loses $14 Billion in 1 Week read more.
12/13/2018 / 07:22:09
Cryptonewsreview Neutral - Basis stablecoin to shut down? Reports say it will return what’s left of $130m+ investment read more.
12/13/2018 / 07:17:08
Cryptoglobe Neutral - Denmark to Go After 2,700 Bitcoin Traders for Tax Payments read more.
12/13/2018 / 07:00:53
Newsbtc Neutral - Bitcoin Price Watch: BTC Sellers Targets Fresh Weekly Lows read more.
12/13/2018 / 07:00:20
Coinnounce Neutral - Samsung Galaxy S10 with Cryptocurrency Cold Storage. read more.
12/13/2018 / 06:45:50
Cryptonewsreview Neutral - Analysis: the 19 cryptocurrencies that are outperforming the bear market read more.
12/13/2018 / 06:39:10
Cryptonewsreview Neutral - The cryptocurrency exchange that’s valued itself at $4bn read more.
12/13/2018 / 06:33:33
Cryptonewsreview Neutral - A gaming firm wants you mine cryptocurrency – but it’ll take two months to even get a baseball cap in return read more.
12/13/2018 / 06:30:50
Coinnounce Neutral - When will Bitcoin return to overcome 2017 highs? Bitcoin miners going bankrupt read more.
12/13/2018 / 06:26:00
Ccn Neutral - Crypto Investors Rank Third on Dashlane’s ‘Worst Password Offenders’ List read more.
12/13/2018 / 06:18:19
Cryptonewsreview Neutral - Swift boss quits, as competition from the likes of Ripple intensifies read more.
12/13/2018 / 06:11:10
Cryptonewsreview Neutral - Bitcoin exchange boss arrested, set to face money laundering charges read more.
12/13/2018 / 06:04:35
Cryptonewsreview Neutral - Cryptocurrency spikes in Google’s reveal of 2018’s top search terms read more.
12/13/2018 / 06:01:09
Newsbtc Neutral - #Crypto Market Update: EOS, Bitcoin Cash, Tron (TRX), ADA Price Analysis read more.
12/13/2018 / 06:00:48
Themerkle Neutral - Bitcoin Price Watch: Bitcoin’s Price Fell in 2018, but Its Respect Seemed to Grow read more.
12/13/2018 / 06:00:32
Ccn Neutral - (+) Filtering Through the Nonsense in the Blockchain World read more.
12/13/2018 / 05:49:00
Bitcoin.Com Neutral - Zebpay Exchange Now Live in 21 European Countries read more.
12/13/2018 / 05:48:44
Coinnounce Neutral - #Ripple Price Analysis: Will XRP recover? read more.
12/13/2018 / 05:32:37
Coinnounce Neutral - Is BitMEX trading against their customers? Foul play at BitMEX? read more.
12/13/2018 / 05:32:36
Livebitcoinnews Neutral - Number of Crypto Users Increase Despite 85% Market Correction read more.
12/13/2018 / 05:07:43
Newsbtc Neutral - #Ripple Price Analysis: Risk of Bounce Grows In XRP Above $0.3100 read more.
12/13/2018 / 05:00:47
Coindesk Neutral - Crypto 2018 Was a Tale Told By An Idiot – But It Doesn’t Have to Signify Nothing read more.
12/13/2018 / 05:00:34
Cryptoglobe Neutral - New Zealand's Financial Authority Updates List Of 'Suspected' Crypto Scams read more.
12/13/2018 / 05:00:07
Themerkle Neutral - 3 Short-term XLM Price Predictions – 2018 Week 50 Edition read more.
12/13/2018 / 04:47:22
Cointelegraph Neutral - Major Stablecoin Basis to Close, Return Funds to Investors: Sources read more.
12/13/2018 / 04:43:00
Negative
4.4%
Neutral
94.4%
Positive
0.9%
Mixed
0.2%

Latest comments:

4 min
Hey Sam, how is it going? But I must explain to you how all this mistaken idea of denouncing of a pleasure and praising pain was born
3 min
Pretty good. Doing my homework.. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because
2 min
Any chance to go out? To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage
2 min
.. Maybe 40-50 mins. I don't know exactly. On the other hand, we denounce with righteous indignation and dislike men who are so beguiled
1 min
Anyway sounds great! These cases are perfectly simple and easy to distinguish.