Bitstamp Brings Three New Listings With OMG, USDC and LINK

Bitstamp Brings Three New Listings With OMG, USDC and LINK

Prominent European cryptocurrency exchange Bitstamp is ramping up the number of coins on its platform. It recently announced support for three new coins- USD Coin (USDC), Chainlink (LINK), and OMG Network (OMG).

Four stages of launch

The launch will be conducted in four stages, like most other coins supported on the exchange. The first stage of the launch will be a transfer-only mode, where deposits and withdrawals for USDC and LINK will open on October 19. For OMG, the transfer-only mode will be available on October 26. It is an Ethereum-based financial network owned by Omise, an Asian payments service. It counts Vitalik Buterin, Ethereum co-founder, as an advisor.

Between October 20 to October 27, the rest of the modes will take place. The second phase is called the Post-Only mode will be active on this date. During this phase, users can only post limit orders on the platform but order matching will not be available. The books will be in this mode for at least two hours. The third phase i.e. limit-only mode will start after this, which will see orders being matched. During this time, market orders will not be allowed.

In the final stage, Bitstamp will enter the full trading mode where all trading services will be available for all new tokens including market, limit, and stop orders.

New assets coming to Bitstamp

The exchange will keep the users updated with the different stages of the launch on its website. It will charge zero trading fees from the users until the end of the year. Last month, the exchange announced plans to add some new coins to its platform. The new lineup of assets should be compliant with local laws and jurisdiction regulations. The assets must also pass a strict safety, technical and compliance review.

The assets which are being considered for listing on the attention include Paxos Standard Token (PAX), Basic Attention Token (BAT), 0x (ZRX), and Zcash (ZEC), Stellar Lumens (XLM), and Ethereum Classic (ETC).


When crypto exchanges decentralise | FT Alphaville

When crypto exchanges decentralise | FT Alphaville

Earlier this month, the Division of Justice brought criminal charges towards the founders of the Seychelles-based crypto trade BitMEX.

The Commodity Futures Buying and selling Fee also brought civil charges towards the founders and 5 different entities behind BitMEX for failing to register with the company and for not implementing AML procedures. The founders have been additionally accused of working an inner buying and selling desk on a conflicted foundation.

Readers might recall BitMEX’s chief government Arthur Hayes had engaged in a fire-y debate with economist Nouriel Roubini. Dubbed “the tangle in Taipei”, the dialog noticed Roubini throw a slew of contentious accusations on the firm, amongst them that the trade overtly focused “degenerate gamblers” and overtly disrespected accredited investor guidelines and KYC/AML by working out of the light-touch jurisdiction of the Seychelles.

Representatives from HDR International Buying and selling Restricted, a BitMEX-related firm, have responded that the corporate plans to vigorously defend itself, describing the fees as heavy-handed.

Nonetheless, for now not less than, it seems to be like Roubini’s perspective has the sting over the BitMEX one.

Because the case continues one other essential side of the story might come into play: how the case bares on the evolution of decentralised crypto exchanges.

BitMEX stood out as one of many final main exchanges (not less than with any vital liquidity) the place merchants may interact in buying and selling nearly solely anonymously. Whilst just lately as the start of this yr, all a consumer wanted to open a BitMEX account was an e mail and 2-factor verification instrument.

In concept, that meant anybody submitting trades into and out of BitMEX from jurisdictions the place KYC and AML guidelines utilized was being serviced illegally by BitMEX.

Sources near BitMEX informed FT Alphaville final yr that the corporate believed that so long as they blocked customers with IPs from contentious jurisdictions, particularly America, they’d stay compliant.

However as FT Alphaville understands it, the authorities consider contentious markets remained a serious supply of revenues, particularly by way of charges, and that the corporate hinted strongly to customers that the usage of VPNs would get round its personal programs.

The newest US actions (which could be learn in full here and here), thus apply a demise knell for the crypto trade mannequin that providers purchasers anonymously in KYC/AML-obliging jurisdictions (ie a lot of the world).

That is essential, as a result of it means customer-facing crypto providers in locations like the US are solely pulled into the regulatory web of the core system, guaranteeing there’s little or no benefit in utilizing crypto over conventional monetary providers

By no means prepared to surrender, nevertheless, this has shifted the crypto group’s focus to the creation and propagation of so-called decentralised exchanges as a substitute. The issue is that the trade remains to be unwilling to acknowledge the truth that a decentralised trade is a contradiction in phrases and is thus no substitute for operations like BitMEX.

That doesn’t imply, nevertheless, that they’re not going to strive.

In trade eyes, matching-software that may be downloaded and used to deliver counterparties collectively constitutes a tool rather than a service. Accordingly, the identical necessities about monetary disclosure, KYC and AML don’t apply, not least as a result of there is no such thing as a central physique governing or intermediating the sums of money that move via a system.

Undeniably, there are some benefits of utilizing such software program relative to trusting in typical off-grid exchanges. Chief amongst them is the elimination of the chance {that a} third social gathering trade, comparable to BitMEX, makes use of a proprietary buying and selling desk — with superior details about buyer flows — to commerce towards its personal customers.

Because the CFTC grievance notes, this was a degree of competition with respect to BitMEX:

BitMEX acts because the counterparty to sure transactions on its platform, comparable to via its inner “market-making” desk, or via the BitMEX “Liquidation Engine” that may assume a buyer’s place beneath sure circumstances.


BitMEX has failed to ascertain guidelines to minimise conflicts of curiosity. That is obvious as a result of Hayes, Delo, Reed, and quite a few different BitMEX workers commerce on the platform, and BitMEX’s personal inner “market-making” desk has at occasions been one of many largest merchants on the platform.

Such conflicts stay potential with all centralised exchanges, dark pools and market-making operations. With out correct oversight, there’ll all the time be a danger, if not a temptation, to commerce towards one’s personal purchasers. As will the temptation to run conflicting market-making operations. The core monetary system itself isn’t proof against this drawback however the danger is all of the higher if the trade can be the supervisor and controller of any escrow funds, and working offshore.

A decentralised system, in concept, eliminates that drawback. However the flipside of that actuality is that there is no such thing as a assured liquidity on any such system and no safety towards flaking counterparties or worse. There are merely no ensures in any respect. And whereas repute scoring might help, over time it turns into an expense in its personal proper, because it turns into solely unattainable to confirm all counterparties at any vital scale or tempo independently. All of which knocks liquidity and will increase the theoretical low cost that must be utilized to any cryptocurrency that can’t be cashed-out within the realms of the regulated system.

In the long term, clients (even fraudulent ones) will realise that each one the construction actually does is outsource the job of KYC and AML screening to customers instantly. If crypto customers are sensible, they’ll realise this can by no means be as value environment friendly as establishments doing KYC on customers’ behalf.

It’s at this level, all these concerned would do properly to look into why things like pirate’s code and honour among thieves have all the time existed. Belief isn’t non-obligatory. If you’d like the advantages of a scaled system, you want institutional belief to intermediate it. That applies as a lot to black-market transactions because it does to cleared ones.


Ormeus Cash (OMC) Price Hits $0.0081 on Major Exchanges

Ormeus Cash (OMC) Price Hits $0.0081 on Major Exchanges

Ormeus Cash (CURRENCY:OMC) traded down 1.4% against the U.S. dollar during the one day period ending at 19:00 PM ET on October 12th. One Ormeus Cash token can now be purchased for approximately $0.0081 or 0.00000070 BTC on major cryptocurrency exchanges. Over the last seven days, Ormeus Cash has traded down 4.4% against the U.S. dollar. Ormeus Cash has a market capitalization of $570,684.51 and approximately $85,031.00 worth of Ormeus Cash was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed over the last day:

  • Litecoin (LTC) traded up 0.4% against the dollar and now trades at $50.74 or 0.00438971 BTC.
  • UNUS SED LEO (LEO) traded 0.9% lower against the dollar and now trades at $1.18 or 0.00010217 BTC.
  • Dogecoin (DOGE) traded up 0.5% against the dollar and now trades at $0.0027 or 0.00000023 BTC.
  • Advanced Internet Blocks (AIB) traded 4.9% lower against the dollar and now trades at $0.0047 or 0.00000040 BTC.
  • Bytom (BTM) traded 1.5% higher against the dollar and now trades at $0.0660 or 0.00000571 BTC.
  • What future awaits cryptocurrencies?
  • Verge (XVG) traded 1.7% higher against the dollar and now trades at $0.0045 or 0.00000039 BTC.
  • XeniosCoin (XNC) traded up 1.1% against the dollar and now trades at $0.40 or 0.00003495 BTC.
  • Syscoin (SYS) traded 1.4% higher against the dollar and now trades at $0.0505 or 0.00000437 BTC.
  • Polymath (POLY) traded 1.7% higher against the dollar and now trades at $0.0489 or 0.00000423 BTC.
  • Hellenic Coin (HNC) traded 7.5% higher against the dollar and now trades at $0.35 or 0.00003002 BTC.
  • About Ormeus Cash

    Ormeus Cash (OMC) is a proof-of-work (PoW) token that uses the Scrypt hashing algorithm. It launched on March 29th, 2014. Ormeus Cash’s total supply is 300,500,150 tokens and its circulating supply is 70,313,475 tokens. Ormeus Cash’s official Twitter account is @gladimorcrypto. Ormeus Cash’s official website is Ormeus Cash’s official message board is

    According to CryptoCompare, “Omicron will be a blockchain based asset, and a clone of Bitcoin. Minting through the wallet will yield 5%/annum, compounding on a daily basis. The clients that will be released on Sept 17 will have a fresh overhaul to the interface, and there will be future modifications to add simplicity to OMC-BTC address linkage and addtional add-ons. Fullstack developers will be paid and employed to implement said features. The main focus of Omicron is to provide a suitable and superior investment vehicle than dividend-issuing companies. With this in mind, there will be no brand new technical developments made for OMC. Modifications will be ported from other cryptocurrency clients to keep OMC top of the line. “

    Ormeus Cash Token Trading

    Ormeus Cash can be traded on these cryptocurrency exchanges: . It is usually not possible to buy alternative cryptocurrencies such as Ormeus Cash directly using US dollars. Investors seeking to acquire Ormeus Cash should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Ormeus Cash using one of the aforementioned exchanges.

    Receive News & Updates for Ormeus Cash Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for Ormeus Cash and related cryptocurrencies with’s FREE CryptoBeat newsletter.


    Author: Stanley Muller

    Dutch Central Bank Stamps Digital Asset Exchange -

    Dutch Central Bank Stamps Digital Asset Exchange –

    Dutch central bank approves a digital asset exchange to become the first entity to register with the country’s central bank.

    Per a company press statement on Wednesday, the Amsterdam Digital Asset Exchange (AMDAX) said the registration with De Nederlandsche Bank (DNB), Dutch central bank meant it could now go ahead and process crypto transactions.

    The firm will also be allowed to store and provide custody of digital assets under the European Union’s (EU) newly implemented AML5 guidelines that came into effect on May 21.

    Those guidelines, which some argue are killing crypto firms across the country, passed the Dutch Parliament earlier this year.

    Amsterdam-based AMDAX said it will support private investors with portfolios beginning at 2.5 bitcoin (about $27,000 or €23,000 at press time).

    The Dutch implementation of the regulations is very strict, usually including additional criteria for client assessments and for tracing the origin of money users want to invest.

    DNB “justly applies” these regulations, said Valentino Cremona, co-founder and director at AMDAX.

    With bitcoin often being associated with crime, the market needs a “clear legal framework,” Cremona said.

    The exchange’s registration with the central bank demonstrates to investors that cryptocurrency is “a mature asset class, not for criminals, but for smart investors,” he added.

    This article is sourced from:


    Author: About Comfort Obey

    View all posts by Comfort Obey →

    Crypto Highlights Week #41 - News from around the globe | SaTT Token

    Crypto Highlights Week #41 – News from around the globe | SaTT Token

    Crypto Highlights: SaTT is here for the long haul, Square invests in Bitcoin, Arthur Hayes steps downs as BitMEX CEO, China’s CBDC passes 3 million transactions, Bitcoin in a moon state: These and more in this week’s crypto highlights. 

  • The parent company of Twitter and CashApp has reportedly invested $50 million in Bitcoin, since making the move, Bitcoin has been on a moon mode. 
  • China’s central bank digital currency (CBDC) has completed 3.13 million transactions, worth about 1.1 billion yuan ($162 million) so far in the just-launched pilot version.
  • Will regulations possibly catch up with the DeFi space? U.S. Securities and Exchange Commissioner, Hester Peirce talks hard on DeFi governance token.
  • Featuring as the top news of this week’s crypto highlights is BitMEX and its CEO. This past week has been eventful and dramatic for the derivative crypto exchange BitMEX after being slammed by the U.S CFTC for allegedly operating an unregistered crypto derivative exchange and other illegal conducts. 

    In a blog post published on Thursday, 100x – the holding group for BitMEX operator HDR Holdings – announced founders Arthur Hayes and Samuel Reed have “stepped back from all executive management responsibilities for their respective CEO and CTO roles with immediate effect.”

    “These changes to our executive leadership mean we can focus on our core business of offering superior trading opportunities for all our clients through the BitMEX platform, whilst maintaining the highest standards of corporate governance,” said David Wong, chairman of 100x Group, in the post. 

    Bitcoin continues to march towards mainstream adoption as Square, the parent company of Twitter and CashApp reportedly invest $50 million in Bitcoin. CEO Jack Dorsey announced on Thursday that Square has purchased 4,709 bitcoins, a $50 million investment representing 1% of the firm’s total assets.

    In a statement published by the company, “Square believes that cryptocurrency is an instrument of economic empowerment and provides a way for the world to participate in a global monetary system, which aligns with the company’s purpose”

    Reacting to this development, the price of Bitcoin has surged almost 5% from the $10,500 mark to reclaim the $11k price range. Square is now the second technology firm to go long on Bitcoin in recent months after MicroStrategy, a business intelligence firm, crowned the crypto as its treasury reserve asset of choice and reportedly pulled a $425 million bitcoin investment.

    Since China made the grand entrance into the digital currency landscape, they have been leading the adoption of a state-issued digital currency. China’s central bank digital currency (CBDC) has completed 3.13 million transactions worth about 1.1 billion yuan ($162 million) so far in the just-launched pilot version. 

    The People’s Bank of China’s deputy governor has reportedly revealed that more than 122,000 digital wallets have been created. 

    Since late August, the digital currency has facilitated more than 6,700 use cases, ranging from bill payments and transport to government services, Fan detailed, elaborating that multiple payment methods have been used, including barcode, facial recognition, and tap-and-go transactions.

    Four major state-run Chinese banks have started large-scale internal testing of the digital renminbi wallet: China Construction Bank, Bank of China, Industrial and Commercial Bank of China, and Agricultural Bank of China. 

    Amidst the DeFi bum, The U.S. Securities and Exchange Commissioner, Hester Peirce says while DeFi tokens carry some equity-like benefits, she believes that giving something away is distinct from selling something. 

    Speaking at the LA Blockchain Summit, Peirce spoke based on her personal opinion as she weighs in on DeFi governance token as possible securities, “people should come to talk to the SEC about how they intend to distribute tokens” although she cautions that “there are other people on the commission who might look at the same facts and circumstances differently than I do.”

    SEC reportedly hinting that airdrops — which are very common in the DeFi space — could be seen as security offerings. That hint, together with growing concerns about the number of scams as well as a lack of regulation in the space, could see regulators pouncing on DeFi. With respect to the aforementioned, the Cryptocurrency Predictions report expects the DeFi industry to self-correct in the next twelve months. 

    Since concluding our token sale, we have been on the move with each week accompanying a new exchange listing. We are currently listed on BW Exchange, a US-compliant exchange, ProBit Exchange, an extremely popular exchange in Korea, frequently ranked among the Top Ten, WhiteBIT, an EU-compliant top ten exchange on Coingecko, and Coinsbit, one of the popular Eastern European exchanges. 

    Plans are currently underway towards getting listed on Uniswap, one of the biggest DEX platforms by liquidity and the ‘hot cake’ destination for decentralized finance (DeFi). After closing token sales at $7.1 million, plans are underway to burn a staggering 9.47 billion tokens, so far we have already burnt 7.7 billion with plans to burn the remaining balance once the ICO participants have fully received their tokens. 

    Sooner or later we could be witnessing a major shift in the financial terrain as the adoption of crypto banks continues to drum harder. In three years, a younger generation of banking customers won’t probably do business with a traditional fiat bank unless it offers access to crypto. Kraken is already leading this revolution. 

    Kraken, a cryptocurrency exchange based out of San Francisco, the exchange announced last month that they are now fully licensed to operate banking services. For now, being an officially chartered bank means that Kraken will be able to offer more banking and funding options to existing customers and will also be able to operate in multiple jurisdictions. 

    With Kraken being the first mover, it’s important to mention that major crypto exchanges Coinbase and Gemini are now customers of JPMorgan. It’s just a matter of time before Consumers start defining a “full service” bank as one that offers financial services in both crypto and fiat. 

    According to analysts, it is believed that Bitcoin’s on-chain fundamentals are mimicking the 2017 ICO bull run. Despite an uneventful month for Bitcoin (BTC) price, on-chain metrics suggest that Bitcoin may be gearing for an imminent bull run. According to Crypto analyst Willy Woo, he pointed out that: 

    “When coins on spot exchanges drop, it’s a sign that new buyers are coming in to scoop coins off the markets and moving them into cold storage HODL, we are seeing new HODLers right now. Very macro bullish.”

    The trend in coins held by spot exchanges started to change at the beginning of 2020 and it paints a familiar picture for traders, akin to that which resulted in the 2017 bullrun. With the price fall across DeFi tokens and other altcoins, most analysts believe a possible cycling of DeFi and altcoin profits to Bitcoin is underway.

    We hope you enjoyed this week’s edition of crypto highlights. For a peek at our last edition of crypto highlights & blockchain news, click here.


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