OKEx and Huobi-Pro P2P trade launch

While Huobi issues a farewell to Bitcoin industry, rumors about p2p Bitcoin trading with support for fiat currencies (and the yuan) are spreading confidently
30 October 2017   2232

Chinese Bitcoin exchange Huobi issues a farewell to the industry as its shut down is planned for this Tuesday.

According to the exchange, Huobi China will "exercise full cessation of all digital assets against the yuan's trading business from 24:00, GMT+8" on October 31. Leon Li, the Founder of Huobi, claims that it would reimagine itself as an “integrated information and research service provider in the vertical field of Blockchain” dedicated to the Chinese market.

I believe that this is not only a milestone for Huobi but also a watershed in the history of Chinese digital assets and even a memorable day in the development of global digital assets.
 

Leon Li
Founder of Huobi

Still, there's a glimmer of hope.

According to local news feed on Twitter, the two umbrella exchanges, OKEx and Huobi-Pro, are “soon to launch” p2p Bitcoin trading with support for fiat currencies including the yuan.

While both OKEx and Huobi-Pro are international non-China based operations not subject to the domestic ban, the source speculates that through undisclosed mechanisms both could ultimately give access to Chinese traders.

In fact, OKEx itself somehow implies that "a New Era" is coming while announcing its future plans after the October 31 shutdown deadline.

We have nothing more to do but to wait, while the Chinese market situation is becoming more and more interesting. We'll keep you updated! 

Switcheo to Launch Cross-Chain ETH-NEO Atomic Swaps

Developers says that the technology of atomic swaps has been known for few years, but is not popular, since its implementation in practice is quite complicated
25 April 2019   55

Switcheo announced the official launch of the atomic swaps feature for the Ethereum and NEO blockchains.

From now on, Switcheo users have access to the inter-block exchange of their own token exchange, SWTH and ETH, which allows for the transfer of assets between two markets represented on the trading platform and makes Switcheo the first decentralized exchange that implements this functionality.

A challenge with existing trustless exchanges is that trades are confined to individual blockchains, limiting the market combinations that can be offered to users” says . With the launch of the new feature, users can now trade conveniently between ETH and NEO markets, while retaining full custody of their funds.
 

Ivan Poon

CEO, Switcheo

According to the developers, the technology of atomic swaps has been known for several years, but is not widely used, since its implementation in practice is quite problematic. Switcheo lead developer John Wong explained that his team spent a lot of time adapting the process to the user's needs and achieved the desired result.