Komodo to Develop Atomic Swaps with New Partnerships

Komodo has announced its partnership with Populous platform and ValueNet Capital, a venture capital fund based in Beijing
27 March 2018   456

Komodo is a platform which is expanding into the blockchain network powered by Atomic Swap Technology. We should remind our readers that atomic swap is a feature in cryptocurrencies, that allows for the exchange of one cryptocurrency for another without the need for a trusted third party.

We have already shared some news regarding the implementation of atomic swap technology, for instance it was successfully used with Komodo and Bitcoin Cash in December 2017. And on March 26, 2018 the team at Populous have announced its partnership with Komodo decentralised platform. 

populous and komodo cooperationPopulous and Komodo Cooperation

As Ben Fairbank, the General Manager at Komodo stated, the platform believes that partnership with Populous will enhance their offerings with the introduction of Atomic swaps. This should be a nice example of the flexibility of the technology to work across platforms. The atomic swaps technology will enable participants to contribute in Populous’ gold liquidity pool.

What is more, on March 27, 2018 Komodo Platform has announced a strategic partnership agreement with ValueNet Capital, a venture capital fund based in Beijing. The cooperation will reportedly focus on decentralized initial coin offerings.

Valuenet capital and komodoKomodo and ValueNet Capital Cooperation

As it was stated on the official website of Komodo platform, the partnership agreement between Komodo Platform and ValueNet Capital is live from March 23, 2018 and is effective until both parties decide to terminate the agreement.

While ValueNet will provide risk assessment and strategic consulting, Komodo Platform will apply its technical expertise to ensure all dICOs are launched securely and successfully.
 

Komodo Platform Announcement

Moreover, on our website you can read about the Supernet migration from NXT over to Komodo Assets Chain.

Line to Launch Bibox Exchange in Singapore

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem
16 July 2018   140

One of the most popular messengers in Asia Line has launched a Bitbox exchange in Singapore. Trading on the platform started this morning and is limited to pairs with crypto-currencies, Cryptovest reports.

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem.

BITBOX is only for trading cryptocurrencies (Digital Tokens). Fiat currencies (USD, KRW, etc.) cannot be exchanged on BITBOX.
 

Bitbox Website

Bitbox charges a 0.1% commission and supports 15 languages, including English, Korean, Chinese, Spanish, French and German. In Russia, the US, Japan and some other countries, the exchange is not available.

At the beginning of the year, Line Group applied for a license to the Japan Financial Services Agency, but the process dragged on because of tightening of the regulator's requirements in the light Coincheck exchange hack. All crypto exchange, wishing to provide services in the Japanese market, are required to obtain permission from the local regulator.

Currently, Line is also in the process of obtaining a license in the US. The company decided to open its first trading platform for crypto-currencies in Singapore, as this city-state adheres to a progressive approach to the regulation of the digital currency sphere.

With cryptocurrency, we are going to take our challenge in financial services global.
 

Takeshi Idezawa

CEO, Line

In May, Line Group denied rumors that it intends to release its own token and distribute it through the ICO. Every month Line is used by about 200 million people. The messenger is extremely popular in Japan, South Korea and Thailand.