Venezuelans Will be Able to Make Crypto Payments
Venezuela President Nicolas Maduro has stated that the country’s government will “very soon” activate the cryptocurrency payment method for citizens.
The method will allow everyone to do banking transactions, Maduro said in a televised press conference.
“The finance minister and Venezuela’s central bank have new instruments which we will activate very soon so that everyone can do banking transactions, as well as national and international payments through the central bank’s accounts. Venezuela is working within the cryptocurrency world,” Maduro said.
This news comes after reports that the central bank of Venezuela was exploring adding cryptocurrencies, specifically bitcoin (BTC) and ether (ETH), to its international reserves. (Neutral)
Binance Introduces Market Maker Program
On September 30, cryptocurrency exchange Binance announced in a blog post published that it is launching a market maker program.
According to the announcement, users whose monthly trading volumes exceed 1,000 Bitcoins (BTC) — or can reach such volumes — and who also have quality market making strategies can immediately join the program. Binance explains that the aim of the initiative is to bring more liquidity to the exchange.
The company says that the program is limited to the spot markets of the trading platform on a “market maker pair list” that will be periodically updated.
Each market maker will be given a score based on their performance across various markets, depending on which the exchange will calculate their fees. (Neutral)
Swiss Digital Exchange Plans ‘Initial Digital Offering’ in 2020
Swiss Digital Exchange (SDX), a digital asset trading platform by Switzerland’s principal SIX Swiss Exchange, will reportedly launch its initial digital offering (IDO) in 2020.
The not-yet-launched SDX has reportedly set up a global consortium of financial institutions to back its IDO in the middle of 2020.
Thomas Kindler, who took over as SDX CEO on Sept. 1, elaborated that the consortium comprises a group of investors such as banks and market infrastructure providers intending to legitimize the technology and raise capital.
The IDO would be similar to a traditional initial public offering, except that the shares will be issued in the form of security tokens on SDX.
While not specifying the consortium members or the amount expected to raise, Kindler stated that SDX plans to have one large-scale level of investment featuring four or five big investors and another level with 10 smaller potential investors.
The firm is reportedly planning to introduce its own SDX security token, shifting from its original plan to first tokenize traditional banking assets to other assets such as real estate. The SDX token will be issued on a blockchain that is based on the enterprise version of R3’s Corda technology.
The news comes a week after SIX postponed the launch of SDX for Q4 2020 after previously projecting to roll out the platform in mid-2019. However, on Sept. 23, SIX launched a prototype of its digital exchange and the central securities depository (CSD), noting that the objective of the prototype is to showcase the future of financial markets to the community as well as to demonstrate the integration of CSD with a central order-book stock exchange model. (Neutral)
Posjetite našu Mjenjačnicu kriptovaluta
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