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OKEx crypto exchange listing will get the native Hedera Hashgraph token

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Representatives of the OKEx crypto-asset trading platform reported that HBAR, the native token of the Hedera Hashgraph decentralized blockchain project, will soon be listed on the crypto-exchange.

OKEx noted that on the platform, the HBAR token will be presented in conjunction with BTC, USDT, USDK. OKEx users will have access to the new asset on September 17th. The exchange will begin to open deposits on September 16th, the opportunity to withdraw funds will appear on September 24th. The head of Hedera Hashgraph noted that HBAR plays a key role in the functioning, development and security of the Hedera network, and it is also important that the token is available to users who want to use or create applications on the network. He also added that OKEx’s decision to focus on listing tokens of projects that really have practical value coincides with the Hedera team's view that the availability of digital assets is an important element in the development of decentralized platforms such as Hedera.

Recall that recently, OKEx announced the support of the Atlantis hard fork in the Ethereum Classic network, which is scheduled for September 12-13 – the developers decided to upgrade at block 8,772,000.

On August 29, information appeared that Boeing had joined the Hedera Hashgraph blockchain network. So, the aerospace concern has become the 10th member of the council, among which there are also buying companies such as IBM, FIS Global, Nomura Holdings and others.

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Wells Fargo Banking Holding creates stablecoin pegged to US dollar

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U.S. financial giant Wells Fargo is working on a cryptocurrency pegged to the dollar. The company announced this in its press release .

According to the company, the future stablecoin will be used as part of its own blockchain platform. Its main focus will be cross-border payments between the company and its partners around the world. Moreover, other companies outside the US will be able to use cryptocurrency to complete transactions between themselves.

The decision to issue cryptocurrency in the company is explained by the need to reduce the cost of payments between different countries, as well as the acceleration of this process. The current mechanisms cannot be called bad, but they are already outdated: high commissions, terms of several days per transaction – all this cryptocurrency can leave in the past.

Wells Fargo assures that their stablecoin will provide almost instant payments, and the process of their implementation will become much simpler. Next year, the company will begin a pilot project during which the cryptocurrency will be tested in test mode. Initially, only dollars will be available for transfers, but in the future it is planned to add support for many other currencies.

Wells Fargo is not the first bank that intends to launch its cryptocurrency, but it is not only one of the largest banks in the world and in the USA, but also one of the most expensive companies in the world. The arrival of such a player will show other companies that without their own digital currencies and blockchain ecosystems, they will have nothing to do in this market.

Publication date 09/19/2019
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North Korea plans to launch its own cryptocurrency

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North Korea is creating a cryptocurrency with which the country will be able to avoid international sanctions.

It is assumed that the cryptocurrency development project is at an early stage. Its goal is the same as that of the Venezuelan project – last year the topic of developing the state’s national digital currency, Petro, was actively discussed. A cryptocurrency that does not yet have a name will be similar to the technology used by BTC or altoins. Currently, the team that is working on the project is studying products that could be tied to cryptocurrency. It is known that the payment instrument will not be exactly supported by the national currency of North Korea.

Experts believe that North Korea has enough opportunities and developments to present a good cryptocurrency. So, we can assume that the state will be able to improve its position in this way.

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The head of the SEC said when Bitcoin will appear on large traditional exchanges

Chairman of the US Securities and Exchange Commission (SEC) Jay Clayton said that bitcoin needs more regulation for listing on large exchanges. It is reported by CNBC. “If investors believe that Bitcoin pricing is as strict as on the Nasdaq or the New York Stock Exchange, then they are very mistaken. We must get to the point where we are sure […]

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Chairman of the US Securities and Exchange Commission (SEC) Jay Clayton said that bitcoin needs more regulation for listing on large exchanges. It is reported by CNBC .

“If investors believe that Bitcoin pricing is as strict as on the Nasdaq or the New York Stock Exchange, then they are very mistaken. We must get to the point where we are sure that trade is regulated correctly , ”he stressed.

We are talking about listing conditions for bitcoin itself, and not derivatives, such as CME futures.

Recall, Clayton said earlier that some progress on Bitcoin ETFs has been achieved. VanEck and SolidX have withdrawn their application.

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0.20%
Monero (XMR)
$75.95
-6.31%
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