Decentraland announces $ 100,000 prize campaign

Bithumb announces partnership with Bitmax

Two exchanges in Asia have announced a strategic partnership to expand their customer base. This is Bithumb, registered in South Korea and Bitmax, based in Singapore.

The two platforms are among those with the highest volumes of liquidity, each having over USD 350 million in adjusted trading volume per day. Bithumb is among the largest crypto exchanges in South Korea, where it has been active since 2014. Bitmax is much newer, being founded in 2018, but has rapidly developed a reputation for innovation and its aggressive growth strategy.

Bithumb and Bitmax have begun to diversify their options, offering margin trading services and derivatives based on cryptocurrencies.

Coinbase integrates Dai on the platform dedicated to merchants

Coinbase has announced that it has integrated DAI – the cryptocurrency launched by DAO Maker – into the Coinbase Commerce merchant application.

DAI has the advantage of being a stable cryptocurrency, which means its value fluctuates less than Bitcoin and Ethereum, for example.

In the future, stores and vendors on the platform will be able to accept DAI as a payment method for goods and services. Those who use Coinbase Commerce include Shopify and WooCommerce, along with 4 million other merchants.

Coinbase reported that last year it processed payments to merchants worth $ 135 million. This represents an increase of 600% compared to 2018.

Fcoin announces that it cannot return users between 7,000 and 13,000 BTC

The Asian Fcoin exchange has suspended its activity and announced that it is unable to pay an amount between 7,000 and 13,000 BTC.

Former Huobi CTO Zhang Jian, who launched FCoin in May 2018, announced the blog information yesterday. He stated that the exchange is not able to process user withdrawal requests, as its reserve of assets has decreased too much. The gap is estimated at about $ 130 million.

Zhang claimed in the posting that it was not a theft or a scam, but a series of bad decisions that were not identified in time.

Apparently, the problem came from internal system errors that credited users with more transaction-based mining rewards than they should have received. As the company failed to detect this soon enough to remedy the situation, the amounts of minus have been increasing since the beginning of 2019.

Fcoin was one of the exchanges that adopted the controversial trans-fee mining system. It assumes that the transaction fees have been returned to users in the form of the native FT token.

Decentraland announces $ 100,000 prize campaign

The cryptosphere is preparing to launch Decentraland, the first blockchain-based virtual world, which promises a massive crypto-treasure hunt. Players who create an avatar will be able to enter the metaverse on Thursday, February 20th. For four days, participants can explore Genesis City, a virtual world where non-fungible tokens and other prizes can be found from a number of game partners.

The Decentraland team says the launch is the culmination of over two years of development. The fully tokenized and decentralized economy running on the MANA cryptocurrency allows players to build 3D content and virtual scenes.