Only BULLISH Bitcoin News Today!!!
We have some pretty hot pieces of news to share with you. First and foremost, Binance has just announced the acquisition of an exchange based in Seychelles, which offers derivatives products including futures, options, and perpetual contracts. Second, it is very interesting to know that PwC Luxembourg is going to enable Bitcoin payment by its partners, from 1 October 2019. Next, we have another crypto integration – it looks like Burger King will begin accepting Bitcoin when it comes to online orders in Germany. And finally, the Dutch Central Bank recently announced that they will start regulating crypto-related firms from January 2020. If you find these pieces of news interesting and want to know all about them, please make sure you stay with me until the very end.
The Market Today
Now, let’s briefly see what’s happening in the crypto market. Today, there is a mixture of greens and reds. On the left-hand side, you can see Bitcoin increasing gradually with a 1.37% gain, heading back to the $11k mark. On the other hand, Ethereum and XRP are slightly losing by 0.3% and 0.09% respectively.
Binance has acquired JEX
According to a report on The block Crypto, Binance, a global cryptocurrency exchange, has just acquired a derivatives platform based in Seychelles named JEX. With this acquisition, the crypto giant can now offer options, futures, and perpetual contracts. According to the announcement, the acquired exchange will be rebranded to Binance JEX. All the JEX team and its native JEX tokens will be under Binance’s management. The Binance team has also been working very hard on its own platform (which performs similar functions) internally. In the coming weeks, they will enable traders to use both the JEX platform as well as the one it is building – the idea is to compare the efficiency, user experience, and effectiveness of both platforms and then choose the more superior one. To boost engagement, participating traders who are beta testing both platforms can vote for their preferred platform to go in the draw to win 10,000 BNB tokens. A Binance spokesperson said:
We think open competition is a great way to test out the products’ usability. Through the competition, we hope to fully review the two products in terms of market feedback, scalability and liquidation model design. It’ll help with the ultimate decision making.
PwC Luxembourg accepts Bitcoin payment
PwC, a global network of firms delivering world-class assurance, tax, and consulting services, has revealed its plan to accept Bitcoin payment for partners in Luxembourg. According to the news, the financial giant will begin accepting cryptocurrency payments from 1 October 2019. This new crypto adoption is welcomed by the Director, Blockchain & Crypto-assets Leader Thomas Campione. He added:
We could not continue to invest in the field, promote it, build solutions for clients and support their transformation while not also being exposed to it.
Regarding the adoption, a representative from PwC Luxembourg believes that this is the future of the advanced economy, and they want to capture the emerging industry. This step was also a way to support the growing demands of the market, with many of their clients wanting to offer a secure payment alternative. Furthermore, the firm revealed that they have carefully analyzed its internal policies to make sure that its infrastructure is suitable with crypto-industry standards, while closely collaborating with a local, regulated exchange. They stated:
Upskilling will be key and the capacity to build and grow the ecosystem will be at least as important to harvest the true benefits of the technology.
Burger King enables Bitcoin payments in its mobile application
The German arm of the global fast-food chain Burger King announced that it is now accepting cryptocurrency payments on its delivery website and mobile application in Germany. This news came after Burger King customers in Germany noticed the integration of the cryptocurrency payment method into the Burger King mobile application, which now has the Bitcoin option along with other alternatives, such as Visa and PayPal payment. Commenting on the news, Burger King wrote:
Our German subsidiary now accepts Bitcoin in its app! Every day, more than 11 million guests visit Burger King restaurants around the world. This is the second-largest fast-food restaurant in the world and we are proud of what we do.
Dutch Central Bank will regulate all crypto firms from January 2020
The Dutch central bank has revealed its plan to apply regulations on all digital currency firms, beginning from Jan. 10, 2020. The bank’s official announcement reads:
In concrete terms, firms offering services for the exchange between cryptos and regular money, and crypto wallet providers, must register with De Nederlandsche Bank (DNB).
For those who are unaware, the initial registration period will last six months after the January date. Companies that fail to submit registration beforehand could be forced to shut down once the rules go live. Further, significant shareholders and directors must also be able to prove their European Union anti-money laundering ability to a DNB assessment.
So what are your thoughts regarding all the news?
Do you think the public will prefer JEX or Binance’s internally built system?
Are you excited to see the adoption of cryptocurrency by PwC Luxembourg and Burger King?
What do you think about the new crypto regulation from the Dutch central bank?
Please leave a comment right below to let me know what you guys are thinking. And guys, please don’t forget to like and subscribe to go into the draw to win our Safepal Hardware Wallet and $70 worth of Bitcoin. It’s your girl Cindy with CryptoPig. I’ll see you guys tomorrow.
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Disclaimer: Cryptopig content is written by a team of blockchain passionate people. We are not registered as investment advisors. Don’t take the information in this post as investment advice and make sure you do your own research before investing.