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Line’s Cryptocurrency Exchange Bitbox Officially Goes Live, 30 Cryptos Supported

LINE is one of the most popular free messaging apps in the world created by a Japanese Internet giant Line Corporation. The platform was launched 7 years ago and since then it has evolved significantly. The features of the app go far beyond sending and receiving messages. An example of the messenger’s development is LINE Shopping Service integrated into the LINE app which exceeded 15 million registered users in February 2018. The next goal for Line Corporation is the success of its own cryptocurrency exchange Bitbox.

The launch of the new crypto exchange was officially announced by Line Corporation in the end of June 2018, it went live on the 16th of July. The new exchange support almost 30 cryptocurrencies including all the top ones like Bitcoin, Bitcoin Cash, Ether, and Litecoin. The platform covers token-to-token trading only.

“Line has built its reputation on providing a great social experience for our users, and now we intend to bring that know-how to the world of digital tokens with our Bitbox exchange,” said CEO of Line Corporation Takeshi Idezawa. “With Bitbox, we intend to have an exchange that is easier to use, while also ensuring we provide extremely strong levels of security.”

The crypto exchange platform claims to provide its users with exceptional security and risk management – and this promise can be trusted. Bitbox integrates the multi-signature technology developed by BitGo, one of the leaders in institutional-grade cryptocurrency security. Line Corporation is partnering this young company that has previously impressed the crypto community with an extra safe three-key Bitcoin wallet.

The Bitbox crypto exchange is a global platform translated into 15 languages. However, the regulatory hurdles have influenced the situation: the company had to lose such influential markets as Japan and the United States. The exception of Japan is particularly disappointing for the company as it is one of the key markets for the LINE app.

Like most of the messaging apps, LINE is amazing at attracting users. The early supporters of Bitbox will enjoy a number of benefits. During the first month after the launch the crypto exchange offers zero trading fee that will than raise up to 0.1%. The first registered users will also be rewarded. The first 2 million customers will get a nice welcome bonus of $10 that they can spend on trading.

Line Corporation is relatively new to the crypto sphere, but its overall intention to conquer the fintech market became evident in the beginning 2018. This period was marked by the establishment of Line Financial Corporation. The company has been also offering mobile money transfer and payment service since 2014 via Line Pay. However, the crypto sphere is not the only direction of work for Line Corporation as it is also interested in the lending business and insurance.

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What to Expect When Congress Talks Crypto (Twice) Tomorrow

It’s a crypto doubleheader on Capitol Hill tomorrow.

Two U.S. House of Representatives Committees will be hosting hearings on Wednesday to look at the topic from two distinct angles.

The House Committee on Agriculture will focus on the emergence of “digital assets” while the Financial Policy Subcommittee hearing will examine “the extent to which the United States government should consider cryptocurrencies as money,” as previously reported.

According to new information published Tuesday, the Agriculture Committee hearing will notably see former JPMorgan blockchain lead and current CEO of Clovyr Amber Baldet, former Commodity Futures Trading Commission (CFTC) chairman Gary Gensler and Andreessen Horowitz managing partner Scott Kupor, among others, testify.

“This hearing will shed light on the promise of digital assets and the regulatory challenges facing this new asset class. Our committee has a deep interest in promoting strong markets for commodities of all types, including those emerging through new technology,” Rep. Michael Conaway, chairman of the committee, said in a statement.

By contrast, the Financial Services hearing seems to be tackling the broader question of what cryptocurrencies are exactly. According to a memo detailing the hearing’s goals, members “will evaluate the merits of any uses by central banks of cryptocurrencies, and discuss the future of both cryptocurrencies and physical cash.”

As of press time, none of the committee members contacted by CoinDesk responded to requests for comment, leaving the question of sentiment around the topics an open one ahead of the hearings.

Yet as for what those tuning in can expect, one might want to refer to the last few times Congress tackled the subject.

Back in March, for example, a hearing on initial coin offerings – likely to emerge during the testimonies tomorrow – saw lawmakers argue for greater protections while Representative Tom Emmer called for more regulatory restraint. A hearing in May saw lawmakers discuss the “almost limitless” applications of the tech, to borrow a phrase from one Department of Homeland Security official.

Luckily for those hoping to follow the action, the hearings – which will be live streamed – are spaced out throughout the day. The Agriculture Committee’s gathering is set for 10 a.m. EDT, with the Financial Services Committee’s hearing scheduled for 2 p.m. EDT. B

U.S. flag image via Shutterstock

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Bitcoin $7318.950 – CryptoCurrency Trading Report – 17.07.2018 21:18

Hot news: The summaries of the last one hour are the followings:

Sixty minutes ago Bitcoin holds the top position of the most popular digital currency in the exchange market. With a 0.07% rise of its currency value now at 7318.950 dollars from 7313.830 dollars. Bitcoin is followed by Tether, with a 0.02% ris..

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Bitcoin $7320.680 – CryptoCurrency Trading Report – 17.07.2018 20:18

Hot news: Now we show you the newest summary of 60 minutes.

As of one hour range Bitcoin is still the most popular cryptocurrency in the trading market, a fall of -0.45% on its value from 7353.772 dollars to 7320.680 dollars was recorded. Tether is next in line with Bitcoin, in the last 60 minutes it has a r..

The post Bitcoin $7320.680 – CryptoCurrency Trading Report – 17.07.2018 20:18 appeared first on CryptoCurrency Blog.

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Stronghold launches USD token on Stellar blockchain, partners with IBM

Stronghold, a financial institution building an asset-agnostic global payment and trade ecosystem, has announced the first and only venture-backed USD Anchor on the Stellar Network, an open-source protocol for value exchange. The ‘Stronghold USD’ token is asset-backed…

Stronghold launches USD token on Stellar blockchain, partners with IBM