China gives Huobi and OKcoin one extra month

China gives Huobi and OKcoin one extra month, while Bitcoin price surges 
15 September 2017   2319

The whole cryptocurrency society shakes due to the news from China. As reported, all the existing crypto-exchange markets in China will be closed by the end of this month.

However, it seems that China has decided to give Huobi and Okcoin an extra month of life. As reported by caixin.com, the local newspaper, the fact that the exchanges lack in ICO offerings was one of the factors that allowed them to continue operating longer than others.

Because the two platforms have large numbers of users and have not performed ICO operations, the relevant departments have given Huobi and Okcoin a one-month buffer period to stay open until the end of October before shutting down. Specific proposals are still being studied.
 

caixin.com

Thereby, Bitcoin price has surged instantly, climbing around $400 in minutes from about $2,972, as detailed by cointelegraph.com.

Bitcoin price chartsBitcoin price charts

At the time of writing, the price of the top cryptocurrency is about $3287.58, its market capitalization is $54,467,185,480.

Binance to Launch Crypto-Fiat Exchange at Jersey

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs
16 January 2019   72

Binance has opened a branch at Jersey island, targeting Europe and the UK. Its clients will be able to trade Bitcoin and Ethereum for the euro and the British pound. 

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs. To start trading, users must undergo KYC verification.

According to Binance CFO Ju Wei, bidding cryptocurrencies for fiat money will provide Europeans with new opportunities in the face of uncertainty with Brexit affecting the euro and the pound.

Wei also stressed that a strong legal framework makes Jersey one of the leaders in the development of blockchain technology.