Binance Futures Daily Trading Volume Over $150M in Invite-Only Mode

The 24-hour trading volume of major cryptocurrency exchange Binance’s futures markets has exceeded $150 million denominated in Tether (USDT). On Sept. 10, a Reddit user published their findings on Binance’s futures markets performance. Over the past 24 hours of trading, the figures reached notable volumes in the Bitcoin (BTC)/USDT pairing, bringing the daily trading volume to over $151 million in USDT. Closed testing mode Binance initially launched two futures testnet platforms named Futures A and Futures B on Sept. 2, inviting users to participate in a 10,000 Binance Coin (BNB)…

Amazon Web Services Announces Cryptography-Using Quantum Ledger Database

Amazon Web Services, Inc., an Amazon.com company, announced that the Amazon quantum ledger database (QLDB) was now available. Transparent and immutable transaction log According to a post on Sept. 10 from Amazon Web Services (AWS), the newly available Amazon QLBD is a new class of database that provides a transparent, immutable and cryptographically verifiable transaction log ‎owned by a central trusted authority. The post continues to explain that Amazon QLBD eliminates the need to engage in the complex development effort of building one’s own ledger-like applications or rely on the…

Hong Kong-Based Holding Company Appoints Huobi Exchange Founder as CEO

Huobi Group founder Leon Li has been appointed CEO, chairman of the board and executive director of the board of Pantronics Holdings Ltd. Changes at Pantronics A press release shared with Cointelegraph on Sept. 10 announced Li’s new roles at Hong Kong -listed holding company Pantronics Holdings Ltd. The 37-year-old Leon Li, who founded the global digital asset giant Huobi Group in 2013, will help the Hong Kong-based investment company “explore potential new opportunities.” Chris Lee, Pantronics’ current executive director added that Li’s knowledge and experience will be invaluable to…

Oil Giants Hire Blockchain Startup to Manage Water in Bakken Fields

A consortium of oil companies including Exxon Mobil, Chevron and Royal Dutch Shell looks to blockchain to manage water used in oil extraction in North Dakota’s Bakken oil fields. Oil and water As Reuters reported on Sept. 10, the Offshore Operators Committee (OOC) Oil & Gas Blockchain Consortium has awarded a contract to blockchain startup Data Gumbo to pilot water handling technology in North Dakota’s oil fields. Per the report, Data Gumbo will use blockchain to automate payments and deploy their GumboNet platform to manage and synchronize wastewater data. One…

Power Ledger Goes to Rural Australia to Trade Surplus Energy via DLT

Australian blockchain energy startup Power Ledger has launched its first trial of peer-to-peer (P2P) energy trading technology in rural areas. Energy monetization for outlying settlements According to a blog post on Sept. 9, Power Ledger has launched pilots outside of a metropolitan area in Western Australia, intending to help outlying commercial settlements and farms improve the efficiency of their power grid and reduce associated costs. Specifically, Power Ledger’s blockchain P2P platform aims to allow those sites to monetize their surplus solar energy, while existing tariffs provide no financial compensation to…

Tether Introduces New Yuan-Linked Stablecoin, CNHT

The cryptocurrency space has had its fair share of controversies throughout the course of its short existence, and one of the biggest ones to date is the one related to stablecoins. There are plenty of stablecoins in circulation these days, but the most controversial one so far is Tether, and it is simply due to the fact that is it is the most popular one within this particular group of digital assets. Key Analysis The reason why many in the crypto space are suspicious of Tether and other stablecoins is…

Facebook Libra to Be Pegged to Multiple Currencies as Stablecoin

One of the biggest disruptions to the crypto space this year has been the announcement of Libra from the tech giant Facebook (NASDAQ:FB) back in July. The white paper published by the company about its cryptocurrency resulted in a lot of chaos and eventually led to turmoil in the crypto market as lawmakers expressed their doubts about Libra quite vehemently. Key Updates The company was asked to clarify several aspects of the Libra project to United States senators. In a report by one of the leading business publications, the company…

Major US Crypto Exchange Coinbase Appoints New Vice President Dan Yoo

Major United States-based crypto exchange and wallet provider Coinbase has appointed Dan Yoo as its new vice president, industry-focused media outlet Coindesk reported on Sept. 10. At Coinbase, Yoo will be replacing Emilie Choi, previously vice president of business, data and international promoted to its chief operating officer at the company. Yoo will work on Coinbase’s business operations, business and corporate development and the data team. “Not a crypto expert” Commenting on the appointment, Yoo ostensibly said: “Coinbase is a very data-driven company. As part of this role, I’ll be…

Bakkt to Require $3.9K Down Payment on Bitcoin Futures Contracts

Bakkt has officially revealed the initial deposits its customers will have to make to margin trade its bitcoin futures products. In a new notice posted Tuesday, ICE Futures U.S. – the actual futures exchange Bakkt’s contracts are trading on – announced the initial hedge and speculative requirements for customers, as well as its monthly rate add-ons. John Todaro, director of research at TradeBlock, told CoinDesk that the initial margin requirements are “the amount of assets (collateral) that need to be pledged in order to open a position.” According to Tuesday’s notice,…

ICE Releases Initial Margin Limits for Bakkt’s Coming Futures Trading

The Intercontinental Exchange (ICE) has announced tentative margin requirements for Bakkt Bitcoin (BTC) futures trading contracts. The announcement appeared on ICE’s official website on Sept. 9. Bakkt futures margin requirements Per the notice, the initial hedge requirement for both the daily and monthly futures contracts is $3,900. The speculative initial requirement for both the contracts, on the other hand, is $4,290. The inter-month addons for the monthly and daily futures contracts are between $400 and $1,000 for the hedge rate and between $440 and $1,100 for the speculative rate. These…