The Gemini Exchange Will Support Operations with Zcash, Bitcoin Cash and Litecoin 58

The Gemini Exchange Will Support Operations with Zcash, Bitcoin Cash and Litecoin

Now the Gemini exchange supports operations with Zcash altcoins as well as with the digital coins Bitcoin Cash and Litecoin. Before the upgrade, only Bitcoin and Ethereum could be purchased inside the exchange.

According to Forbes, depositing of Zcash will be available from this Saturday, the 19th of May. Trading in pairs with dollars will be launched on the 22nd of May. The exchange will be available for 48 US states, as well as Washington D.C., Puerto Rico, Canada, Hong Kong, Singapore, South Korea and the UK.

After announcing that Zcash is now available at Gemini, the coin has grown in price by 40%. At the moment it costs $349 with the previous price of $225. At the time of writing, the cost of Zcash was at around $323.

The President of Gemini Cameron Winklewoss made a comment that the addition of new currencies became possible due to the close cooperation of the exchange with NYDFS:

“Our approval makes Gemini the first licensed Zcash exchange in the world. It also makes the NYSDFS the first regulatory agency in the world to supervise Zcash.”

Zcash is an anonymous currency that supports two addresses: the unshielded one which is open and also the hidden one. The Gemini exchange will accept deposits from two accounts, however, coin withdrawal will be supported only for open addresses.

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The Japanese bank MUFG Will Launch Its Own Cryptocurrency 160

The Japanese bank MUFG Will Launch Its Own Cryptocurrency

After loud statements by Buffett and Gates concerning cryptocurrency, it seemed that at least the state institutions of countries would refuse from it, but a Japanese bank Mitsubishi UFJ Financial Group still decided to acquire its own cryptocurrency, MUFG Coin, in 2019.

“Regarding the speculation (in) media reports, these reports are not based on any announcement by MUFG, and the details have not been decided,” the bank’s spokesman said in an emailed statement to Reuters. “However we can only say that it’s true that MUFG is conducting demonstration experiments on the ‘Coin’ within the company utilizing a blockchain technology.”

According to NHK Japan, the digital currency MUFG Coin will be tested for suitability in several regions of the country. 100,000 people who are associated with the company will be able to participate.

Representatives of the bank will provide an opportunity for users to use the cryptocurrency as a means to pay for goods and services in shops and institutions. The bank’s digital currency can be transferred to the accounts of those who participate in the project. If the idea is successful, then MUFG will be the first Japanese bank that has its own digital currency.

The MUFG coin can be used exclusively in Japan. In the world market it can be traded in pairs at non-financial currency exchanges instead of USTD (Tether cryptocurrency, tied to the dollar).

Those people who have downloaded and installed an application that automatically converts deposits into MUFG Coin will be able to take part in the test of the new currency. The cost of one coin is equal to one yen.

We remind you that the management of Mitsubishi UFJ Financial Group announced its intention to launch a  cryptocurrency exchange with the national currency, as well as a service with split Bitcoin-accounts.

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Cryptocurrency Advertising Was Banned on the Bing Search Engine 71

Cryptocurrency Advertising Was Banned on the Bing Search Engine

According to Investing, the search engine Bing, which belongs to the largest corporation Microsoft, will no longer display ads on cryptocurrencies, blockchain technology and products related to digital currency.

“Because cryptocurrency and related products are not regulated, we have found them to present a possible elevated risk to our users with the potential for bad actors to participate in predatory behaviors, or otherwise scam consumers.” wrote Melissa Alsoszatai-Petheo, a Bing advertiser policy manager, in the announcement. “To help protect our users from this risk, we have made the decision to disallow advertising.”

The updated policy on financial products and services will go into effect worldwide in June, and the enforcement will begin in late June or early July. Although Bing is not the most popular search engine, but the market of cryptocurrencies reacted to the news with a fall.

We remind you that earlier such global media, as Facebook, TwitterGoogle and YouTube refused to display ads of cryptocurrencies.

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