Blockchain News 29.06.2018

Blockport launches beta crypto trading platform and plans to enter US market

Amsterdam based cryptocurrency exchange Blockport has just launched the public beta of its platform, now allowing users in Europe to buy, sell, and trade cryptocurrencies including Bitcoin and Litecoin, against the EUR.

The startup is planning to enter the US market and compete against the market leader Coinbase, Blockport said on Thursday.

Blockport has more than half a million of crypto-traders on its platform, among which 20% located in the US. In the coming months, new features will be added to the platform including USD pairs, social trading features and more cryptocurrencies.

Coinbase adds British pound support to ease UK withdrawals

Coinbase UK CEO Zeeshan Feroz said that Coinbase will be supporting GBP wires in the next few weeks. At present, Coinbase use Estonian bank LHV to process payments which are all done in Euros. UK users have to withdraw Euros from Coinbase using SEPA transfers or via mobile banking apps such as Revolut.

Feroz said: “The biggest thing for me is rolling out access to faster payments…for all customers. UK users will be able to deposit Sterling and withdraw Sterling out into their bank accounts using faster payments.”

SharesPost research predicts 15x growth in valuation of blockchain companies over next 10 years

SharesPost, a leading provider of late-stage private company liquidity solutions and private capital markets research, has released a research report explaining why it believes the value of the companies in the blockchain space could exceed $2.5 trillion over the next ten years (15X potential growth over the current estimated value) and how investors can participate in this market.

Binance launches crypto exchange in Uganda

Binance is launching a crypto-fiat exchange in Uganda. The new platform, Binance Uganda, will be the company’s first foray into fiat-crypto trading, supporting the Ugandan Shilling.

Changpeng Zhao, the CEO and founder of Binance said:
“We think that crypto has a very strong use case in less developed countries… Uganda [is a] really interesting situation, only 11% of the population has bank accounts. It’s both a challenge and an opportunity. So it may be easier to adopt cryptocurrency as a form of currency instead of trying to push for bank adoption. It’s an interesting experiment – Africa’s a big market, that’s why we’re there.”

The company is also set to launch in 2 or 3 more locations in the short term and continues to work on a prototype for its decentralized exchange.

Binance is currently one of the largest cryptocurrency exchanges by daily trade volumes, seeing $789 million in trades in the 24 hours to press time, according to Coinmarketcap.

Coinbase to open new office in Portland

The largest US based exchange, Coinbase, is opening an office in Portland.

According to a job posting on their website for a Customer Support Manager, Coinbase is “now launching a Center of Excellence in Portland that will centralize our customer support function, helping ensure a world class customer experience.” They will be hiring as many as 100 people for that office by the end of the year.

Tina Bhatnagar, Coinbase vice president of operations, released the statement,

“Opening a new office in Portland will help us tap into the city’s incredibly talented, innovative open-source and blockchain communities. We look forward to engaging the city’s rich talent pool and its thriving tech community.”

Blockchain News 29.06.2018

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