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Binance’s Changpeng Zhao confirms the possibility of Binance partnering with Ripple |

Binance’s changpeng zhao confirms the possibility of binance partnering with ripple |

Binance’s Changpeng Zhao confirms the possibility of Binance partnering with Ripple |

Binance’s changpeng zhao confirms the possibility of binance partnering with ripple |

The cryptocurrency market has made the coins fight with the bear and hold their places and the one coin that was weak, Bitcoin SV [BSV] lost its place on the top 10 list of cryptocurrencies on CoinMarketCap to Binance coin [BNB] on February 6.

Binance added another feather to its hat and the CEO, Changpeng Zhao, famously referred to as CZ, commented on this achievement and said:

“Many thanks to @CoinMarketCap for updating the $BNB circulating supply. Doing ranking is much much harder than people imagine. Keep up the good work!”

CZ conducted a live Q&A session on February 7, where he answered many questions. The CEO said that Binance will “definitely” partner with Ripple in order to boost its XRP-powered solution xRapid.

The CEO informed that this is a step for the distant future and the two companies are yet to figure out the details. Meanwhile, Binance remains focused on launching Binance Chain and BinanceDEX, its upcoming decentralized exchange.

“We’re focused on launching more features right now, so we are working with a number of other partners. With xRapid, there’s nothing going on right now, but in the future, we’ll definitely want to add them as a partner.”

When asked about the addition of more XRP quote pairs, CZ said:

“We already added XRP as a base currency. So, in the future, we will look to add more quote pairs, but we want to make sure that every pair we add has decent liquidity.”

Ripple has partnered with various exchanges like Bittrex, Bitso, Coins.ph and Bitstamp, to help it boost the liquidity for xRapid. These exchanges enable the financial institutions to convert their local currency to XRP and send digital assets to any country where it can be immediately converted into fiat.

CZ also answered questions regarding Bitcoin ETF and said that it is gets listed on a big traditional exchange, it will bring a lot of attention from “people outside our industry”. However, CZ added:

“I don’t think ETFs are core to our industry’s growth. With or without them, our industry will grow. I think for our industry to grow we need more entrepreneurs to build real projects.”

With the increasing number of scams, CZ was also asked to opine about the QuadrigaCX Exchange exit scam. At first, CZ refused to comment on other exchanges but later added that “there’s something fishy going on.”

The post Binance’s Changpeng Zhao confirms the possibility of Binance partnering with Ripple appeared first on AMBCrypto.

Published at Fri, 08 Feb 2019 05:18:31 +0000

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GDAX Will Support the “Limited” SegWit2x Hard Fork After all

The SegWit2x hard fork has been very contentious, to say the very least. Initial support started dwindling pretty quickly. Moreover, the developers informed the world this plan was canceled not too long ago. It seems that situation has come to change as well. A few community members will still attempt to go ahead with this fork in a few hours. As a result, GDAX will disable bitcoin transactions and make funds available to users. An interesting development, to say the very least.

It is uncanny how the SegWit2x debacle is still not over. A lot of people were relieved when the developers scrapped their initial plans. A few hours later, someone mentioned the community would still go ahead with this fork. There are still a few miners supporting it. How all of this will play out over the next 48 hours, remains to be determined. There is a lot of confusion regarding this development, which is only understandable.

GDAX Doubts SegWit2x Will Survive

GDAX has announced their stance regarding this fork. First of all, bitcoin deposits and withdrawals will be disabled 6 hours before the fork. This event is scheduled to take place later today at around 2 AM. Preventing users from sending funds to the wrong chain is the company’s main priority. It is unknown what type of replay protection SegWit2x will offer in its current iteration. Trading on GDAX will not be affected by this change, though.

Assuming the chain is valid, the company will support the B2X tokens as well. There is no reason to believe this will become the majority chain later today, but one never knows. A lot of strange things have happened in the bitcoin world as of late. This new fork will create even more tension among bitcoin supporters. Do keep in mind trading of B2X will not be supported by the company right away, if ever. It certainly creates an incentive for people to buy bitcoin right now.

Should the chain be unusable, there is no plan for B2X support whatsoever. GDAX won’t even allow withdrawals of the currency either in that case. It is still possible they would allow trading later on, depending on whether or not the chain survives. Rest assured a lot of people will keep an eye on the SegWit2x chain in the coming hours. It is good to see companies clarify their position regarding sensitive matters. Three competing bitcoin forks will certainly shake things up quite a bit.

The post GDAX Will Support the “Limited” SegWit2x Hard Fork After all appeared first on NEWSBTC.

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