Bitfinex Added 6 New Tokens

The addition of tokens will contribute to the strengthening of the long-term development of the Ethereum ecosystem
09 January 2018   888

Bitfinex announced on January 9 the addition of Basic Attention token (BAT), 0x token (ZRX), FunFair token (FUN), Decentraland token (MANA), SpankChain token (SPANK) and Time New Bank token (TNB) which is tradable against BTC, ETH and USD.

According to the announcement, the addition of these tokens will contribute to the strengthening of the long-term development of the Ethereum ecosystem.

Bitfinex added that margin trading for all pairs will be enabled gradually as and when the order book develops sufficient liquidity. All ERC20 trading pairs will eventually be migrated to trade only on Ethfinex.

Basic Attention Token (BAT)

BAT, an ERC20 token built on top of Ethereum, is considered to be a token of utility in a new, decentralized, open source and efficient blockchain-based digital advertising platform.

  • Average price: $0,907663
  • Marketcap: $907 663 000
  • 24h volume: $94 252 500

0x token (ZRX)

0x is an open, permissionless protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain.

  • Average price: $2,28  
  • Marketcap: $1 105 593 813
  • 24h volume: $171 985 000

FunFair token (FUN)

The FunFair Technology Platform is a project which is building a game-changing B2B platform using blockchain technology to bring transparency, efficiency and access to new markets to the casino sector.

  • Average price: $0,187281
  • Marketcap: $795 920 582
  • 24h volume: $133 679 000

Decentraland token (MANA)

Decentraland is a virtual reality platform powered by the Ethereum blockchain, where users can create, experience, and monetize content and applications.

  • Average price: $0,272962  
  • Marketcap: $280 930 008
  • 24h volume: $98 578 500

SpankChain token (SPANK)

SpankChain is a cryptoeconomic powered adult entertainment ecosystem built on the Ethereum network.

  • Average price: $0,513756
  • Marketcap: $154 149 090
  • 24h volume: $11 698 200

Time New Bank token (TNB)

Time new bank (TNB), is a cryptographic digital currency issued by M.I.T, which refers to the decentralized time commodity value transmission platform based on Grid blockchain technology.

  • Average price: $0,284736
  • Marketcap: $464 012 142
  • 24h volume: $141 597 000

Bank of America: Cryptocurrencies Are a Threat

Bank of America (BoA) has admitted to US regulators it can not pretend any longer that cryptocurrencies are not a threat
23 February 2018   74

On February 22, the report was filed with the US Securities and Exchange Commission (SEC). It listed a range of economic, geopolitical, and operational risks that the Charlotte, NC-based bank faces as it heads into the new fiscal year. Crypto adoption was on the list for the first time.

Bank of America (BoA), which recently banned purchasing of crypto with credit cards, stated that this and other similar policies could cost the bank clients.

Clients may choose to conduct business with other market participants who engage in business or offer products in areas we deem speculative or risky, such as cryptocurrencies.

The second largest bank in the U.S. said that adoption of cryptocurrencies could require the bank to make “substantial expenditures” to update its existing services and remain competitive with upstart firms.

The widespread adoption of new technologies, including internet services, cryptocurrencies, and payment systems, could require substantial expenditures to modify or adapt our existing products and services.

According to the Bank of America, cryptocurrencies could limit the institution’s ability to comply with anti-money laundering regulations.

Eventually, this is one of the first public admissions that financial institutions are beginning to worry that mass cryptocurrency adoption could one day become a reality.