According to a study by The Block, Binance's market share is growing among the Bitwise Real 10 exchanges. At Bitfinex, this figure continues to fall.Compared to June, which is successful for the cryptocurrency market, the total trading volumes on exchanges are declining. However, the market shares of various exchanges are constantly changing.For example, in March, Binance accounted for 70% of real trading volumes in the market. By July, this figure dropped to 53%, but over the past few months it has almost recovered to its previous level, reaching 67%.Dynamics of the market share of exchanges from the rating Bitwise Real 10. Data: The Block, CryptoCompareAccording to researchers, the restoration of Binance's popularity was taking place against the backdrop of large-scale launches of new products and options - margin trading (July), landing (August), futures (September) and yuan-supported OTC platforms (September).
Chinese IT corporation Tencent is preparing to launch its own virtual bank using blockchain technology after receiving the approval of the Hong Kong Securities Commission, CoinDesk writes.
The head of the Tencent blockchain direction, Yige Kai, spoke at the World Blockchain Summit in Wujen on Friday, where he said that the company's virtual bank received a license from the regulator. Now Tencent intends to assemble a team that will service its new banking platform.
“The new regulation and supervision of digital asset transactions in Hong Kong confirms the value of blockchain technology and digital assets. This is good news for the entire industry, ”said Kai.
He did not disclose more detailed information about the virtual bank and moved on to the topic of Tencent's active blockchain projects, including tools for managing the logistics chains of the McDonald’s fast food restaurant chain.
According to media reports, Kai leads one of the three blockchain development teams at Tencent. The other two groups are responsible for creating blockchain infrastructure and cloud services.
Hong Kong Securities Commission introduced a new cryptocurrency and blockchain licensing system for companies this week. To date, it has issued virtual banking licenses to 12 institutions.
The largest Asian bank DBS and Singapore-based company Trafigura Group introduced the new ICC TradeFlow blockchain platform for the development of international trade and increase the speed of processing documents.
The open platform was developed using the Perlin blockchain. The main objective of the platform is to reduce the time for processing paper documents and increase the efficiency of workflow. According to DBS, the system will reduce the time for processing documents from 45 to 20 days.
The solution is based on the TradeTrust network infrastructure developed by the Media Development Authority (IMDA), the official council of the Singapore government under the Ministry of Communications and Information.
According to the developers, platform participants will be able to evaluate the level of reliability of transaction participants, agents and vehicles, and such a rating will be displayed in the system. In the future, as new countries are added to the system, the platform will gradually improve.
Satvinder Singh, director general of government agency Enterprise Singapore, believes that such collaboration and the use of blockchain technology in the field of trade will strengthen Singapore's position in the international market.
Note that according to a study by consulting firm Ernst & Young, more than two-thirds of enterprises in the Asia-Pacific region do not have a clear understanding of blockchain technology and how to apply it.
At the same time, we note that Thailand, most of all from the countries of Southeast Asia, seeks to introduce distributed registry technology.
Turkey is preparing to release its own digital currency, the country's President Recep Tayyip Erdogan said this to his compatriots.
He specified that before the end of 2020 it is planned to complete testing of the digital version of the lyre. In parallel, the developers plan to introduce a network for processing transactions with a virtual coin.
The creation of digital currency is carried out by specialists of the Council for scientific and technical research of the country. Erdogan emphasized that the financial sector in Turkey will become much more stable after the release of the electronic version of the lira.
In addition, capital focused on financing the IT sector will begin to more actively enter the state economy. Istanbul will be able in the near future to become one of the largest financial centers in the world after the release of the coin, the Turkish leader is sure.
It should be noted that Turkey is included in the list of states whose citizens show an increased interest in the cryptosphere. According to a survey conducted by Statista in the summer, about 20% of Turkish citizens have already invested part of their savings in cryptocurrency.
Binance cryptocurrency exchange this Thursday announced the addition of support for fiat deposits in Ukrainian currency. Earlier it was noticed that the hryvnia was added to the API of the trading platform.
As in the case of the ruble, support for deposits in the hryvnia is provided through the Advcash service. The exchange notes that the hryvnia can be used to buy Bitcoin, Ethereum and XRP from the user's wallet.
In addition, support for the euro and tenge has already appeared in the exchange’s interface, also through Advcash. Regarding the Kazakh currency, the company has not yet made announcements. Her meeting in Nur Sultan is scheduled for November 14th.
Among other things, today Binance announced the addition of the TRX / BUSD and EOS / BUSD trading pairs to the spot market, the BNB / ETH margin pair, as well as the possibility of receiving a 5% discount when borrowing funds for margin trading if BNB is used for settlements.
On Wednesday, it became known that Binance began cooperation with the Ministry of Digital Transformation of Ukraine, which, among other things, will allow it to legally conduct its business in the country.