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Bitfinex announces full support for the upcoming EOS mainnet token swap

Aman Swami

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Bitfinex announces full support for the upcoming EOS main net token swap
Source: Pixabay

The revolutionary EOS.io, which promises to change the world as we know it with its, blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications receives full support from Bitfinex, a full-featured spot trading platform for major digital assets and cryptocurrencies, including Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO, Monero and many more.

Bitfinex offers leveraged margin trading through a peer-to-peer funding market, allowing users to securely trade with up to 3.3x leverage.

Bitfinex’s announcement supporting the upcoming EOS MainNet Token is influenced by the psychology of the cryptocurrency- world’s investors and Block.one, the creator of the technology has spoken a great deal about how EOS will change the world.

Bitfinex's Twitter announcement

Bitfinex’s Twitter announcement

In the words of Brock Pierce, a partner at Block.one says:

“With the release of EOS.IO, everything will be better, faster and cheaper, everything will be more connected, everything will be more trustworthy, everything will be more secure, everything that exists is no longer going to exist in the way it does today, everything in this world is about to get better”

Block.one has backed up these words by the credibility of their CTO, Daniel Larimer, who has previously built and deployed two of the most used decentralized applications to date. He was one of the developers who worked on the Bitcoin technology in the initial stages and did not think it would perform adequately, Dan then developed a scalable high-performance Blockchain architecture, now widely known as Delegated Proof of Stake [DPOS]; today DPOS processes the majority of all blockchain transactions globally.

The technological advancement of EOS.io allows developers and businesses to take advantage of high-performance blockchain capabilities.

Bitfinex’s support for the EOS MainNet token will provide the following advantages to the exchange – As EOS transitions from Ethereum to its MainNet chain, it will allow them to manage all technical requirements related to the swap to ensure a smooth token registration process for all users storing EOS on Bitfinex.

Bitfinex’s EOS MainNet Token Swap is set to take place in June – more details will be made available at the start of June.





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Aman Swami is an Economics major from Christ University. He is very passionate about cryptocurrency and understanding of financial markets.

Altcoins

Whale Alert: Massive $300 million transfer takes place on Binance Chain; funds SAFU, says CZ

Biraajmaan Tamuly

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Whale Alert: Massive 300 million BNB Coin transfer takes place on the Binance Chain; CZ responds amidst transaction
Source: Pixabay

Binance, one of the world’s largest cryptocurrency exchanges, has been having a wonderful year in terms of new developments, such as their new Binance DEX and the massive growth of Binance Coin [BNB]. Binance’s native token has grown by approximately 500 percent in 2019 alone.

The exchange also recently announced the launch of BTCB, with an objective to provide a crypto-asset pegged to BTC’s value for trading purposes on Binance DEX, with the assets being backed by Binance itself.

Binance’s ecosystem is progressively active and it was recently observed and reported by Whale Alert, an online cryptocurrency-transaction tracker, that a sum of approximately $302 million, equivalent to around 8 million BNB coins, was transferred on the Binance Chain.

The transaction took place of 26th January 2019, with a time stamp of 07:52:56 UTC. It was sent from an unknown address, bnb1jkvrjawcd8wlugk8455wqjggxecyxj9uf0g7uy, to another unknown wallet, bnb13wmeg7ypkcr39wnzy2q02mku2qemnrm4kclezs, for a transaction fee of 0.000375 BNB. The block height of the transaction was #15820220, and it was deemed a successful one.

Following the massive transfer, Changpeng Zhao, CEO of Binance, responded on Twitter regarding the transfer and claimed that the current movement was a rotation of funds between some cold wallets.

CZ suggested with a linked tweet that the movement of funds should not necessarily raise any alarms as the funds were SAFU.

In another tweet, CZ  stated that there were currently 4 addresses that were holding 8 million BNB coins each. A total of $32 million BNB was unlocked for the Binance team. However, it was understood that the tokens were not spent and saved in the addresses themselves.

It is speculated that CZ took the initiative to list the reason for the massive transfer as previously, huge BTC transfers, which included a Coinbase wallet transfer, was accused of market manipulation.

At press time, BNB coin was priced at $37.30, experiencing a hike of 1.87 percent over the past 24 hours.





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