Blockchain
Bittrex International and Vodi X Partner for Initial Exchange Offering
Vodi X and Bittrex International today announced that the Bittrex International digital asset trading platform will host the upcoming Initial Exchange Offering (IEO) of Vodi X tokens. The funds raised from the offering will help the Vodi X team to further develop their smart contract technology, micro-tasking buildout, dApp ecosystem, and overall operation development to create millions of jobs worldwide. All of this will be built around their existing infrastructure of over 5+ million existing Vodi users in over 200 countries worldwide.
The IEO will officially start at 14:00 GMT on Tuesday, May 21st and end at 14:00 GMT on May 22, 2019 unless sale supply is reached. Vodi X will be listed on Bittrex International on May 22, 2019 at 17:00 GMT.
Authorized Bittrex International users will be able to purchase VDX tokens using Bitcoin (BTC) directly on Bittrex International, the secure, reliable and advanced digital asset platform based in Malta. In preparation for the IEO, Vodi X completed a rigorous evaluation process that included comprehensive technical, compliance and regulatory reviews.
“We are excited to partner with Vodi X on their IEO on Bittrex International. The funds raised will help them build out their smart contract technology and operations for a series of innovative use cases,” said Bill Shihara of Bittrex International. “Incubating projects like Vodi X is why we started Bittrex International in the first place and why the IEO platform is such a promising development in the blockchain industry. We look forward to this partnership and introducing our user base to Vodi X along with other exciting projects driving the blockchain revolution to the next level.”
“We are excited for our IEO on Bittrex International! Vodi X is seeking to overhaul the micro-work industry by positioning our project on the blockchain. Job creation is at the heart of Vodi X’s mission and we believe we have all the right pieces of the puzzle. Strategically positioned on the blockchain, with the leveraging of smart contacts, Vodi X will foster equal wealth distribution. Vodi X is readily looking towards the future and the further development of its community.” .
SOURCE Vodi X
Blockchain
Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety
The anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to stir anxiety within the cryptocurrency market. This significant influx of Bitcoin, which has been tied up since the collapse of the Mt. Gox exchange in 2014, raises questions about its potential impact on market dynamics and investor sentiment.
The return of these long-dormant Bitcoin holdings may lead to increased volatility and uncertainty in the cryptocurrency market. Market participants are likely to closely monitor the movement of these funds and assess their potential impact on Bitcoin prices and overall market stability.
Additionally, the large-scale return of Bitcoin from the Mt. Gox era may trigger concerns about potential selling pressure and its effect on market liquidity. Investors may anticipate fluctuations in Bitcoin prices as these funds are reintroduced into the market and traded.
Furthermore, the return of these Bitcoin holdings highlights the ongoing legal and regulatory challenges associated with the Mt. Gox saga. The resolution of this long-standing issue could have far-reaching implications for investor confidence and the perception of security within the cryptocurrency ecosystem.
Overall, the anticipated return of $9 billion worth of Bitcoin from the Mt. Gox era has the potential to evoke anxiety among market participants and prompt heightened scrutiny of market dynamics. As the cryptocurrency market braces for this significant development, it remains to be seen how it will navigate the potential challenges and opportunities presented by the return of these funds.
Source: blockchain.news
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Blockchain
Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration
Binance is currently embroiled in a legal dispute in Canada over allegations of selling cryptocurrency derivative products without proper registration. This lawsuit underscores the regulatory challenges facing the cryptocurrency exchange in various jurisdictions.
The lawsuit accuses Binance of offering crypto derivative products to Canadian investors without obtaining the necessary registration from Canadian securities regulators. This legal action highlights the importance of compliance with regulatory requirements in the cryptocurrency industry, particularly concerning the sale of derivative products.
Binance’s legal woes in Canada reflect broader concerns about regulatory compliance and investor protection within the cryptocurrency sector. As authorities worldwide increase scrutiny of cryptocurrency exchanges and trading platforms, companies like Binance face mounting legal and regulatory challenges.
The outcome of this lawsuit could have significant implications for Binance and the broader cryptocurrency industry in Canada. Depending on the court’s ruling, it could lead to increased regulatory oversight and stricter enforcement measures for cryptocurrency exchanges operating in the country.
In response to the lawsuit, Binance has stated that it is committed to compliance with all applicable laws and regulations in the jurisdictions where it operates. However, the outcome of this legal dispute will likely shape the regulatory landscape for cryptocurrency exchanges in Canada and influence their future operations and compliance efforts.
Source: blockchain.news
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Blockchain
Cardano Foundation Launches PRAGMA: A New Chapter in Open-Source Blockchain Development
The Cardano Foundation has announced the launch of Pragma, marking a significant milestone in open-source blockchain development. Pragma aims to revolutionize Cardano by enhancing its infrastructure through innovative open-source projects.
Pragma represents a new chapter in the evolution of Cardano, focusing on improving its underlying infrastructure and expanding its capabilities. The initiative underscores the Cardano Foundation’s commitment to fostering innovation and driving progress within the blockchain ecosystem.
By leveraging open-source projects, Pragma seeks to enhance Cardano’s functionality and scalability, paving the way for broader adoption and increased utility. These efforts are expected to unlock new opportunities for developers and users alike, further cementing Cardano’s position as a leading blockchain platform.
Pragma’s launch highlights the ongoing evolution of Cardano and its commitment to pushing the boundaries of blockchain technology. Through collaborative open-source development, Pragma aims to address key challenges and drive continuous improvement within the Cardano ecosystem.
The Cardano Foundation’s announcement of Pragma signals a significant step forward in its mission to build a decentralized and sustainable blockchain infrastructure. With Pragma, Cardano is poised to embark on a new era of innovation and growth, setting the stage for a future of unprecedented possibilities in blockchain development.
Source: cryptonews.com
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