“Binance.US To Launch On Tuesday”
Binance.US, the American arm of cryptocurrency exchange giant Binance, has announced it will start trading fiat-crypto and crypto-crypto trading pairs on Tuesday. The trading platform will list seven cryptocurrencies immediately upon the launch, including bitcoin, Binance coin (BNB), ethereum, XRP, bitcoin cash, litecoin and Tether’s USDT. Binance.us also revealed it will soon open deposits for another five assets: cardano (ADA), basic attention token (BAT), ethereum classic (ETC), Stellar’s XLM and 0x. Last Wednesday, the new exchange started to open for registration and deposits, but did not disclose a specific date for an official launch.
“Bakkt Launches Physically-settled Bitcoin Futures”
Bakkt launched its physically-settled Bitcoin futures today, providing institutional investors with a new way to bet on the expected price of Bitcoin in the near term. And already, the amount of Bitcoin being traded on the exchange has reached a quarter of a million dollars. Bakkt was launched by The Intercontinental Exchange (ICE), the United States’ exchange group that owns the New York Stock Exchange. By offering physically-settled futures, this means traders make their bets and receive their winnings in Bitcoin—rather than the US dollar equivalent. This is important for Bitcoin traders because it helps to suck up Bitcoin in the market, reducing the available supply and helping to put upwards pressure on the price.
“Naspers Invests $15 Million In A Blockchain Gaming Startup”
Naspers, the largest shareholder of Chinese Internet giant Tencent, participated in a $15 million investment in blockchain game developer Immutable. Immutable, a Sydney-based blockchain gaming startup, completed a new funding round led by Naspers and Galaxy Digital EOS VC Fund, the company announced in a blog post on Sept. 23. As reported by the Australian Financial Review (AFR), other investors also included Sydney-based VC firm Reinventure and American private investment firm Apex Capital. According to the report, Immutable’s flagship game Gods Unchained has made over $4.5 million in revenue in just over a year, despite it is being played by a closed group of 13,000 gamers.
“Block Matrix Raises $2 Million”
As Bitcoin’s Lightning Network continues to see adoption and growth, Block Matrix, the team behind Bottle Pay, is taking the next step to make “Bitcoin payments easy and available to all.” Revealed exclusively to The Block, Block Matrix has announced it has raised $2 million in seed funding from a group of private investors to grow its flagship product, Bottle Pay, a payments service built on the Lightning Network. In its current form, Bottle Pay is a web platform and browser extension tool that enables users to send bitcoin payments across social media platforms and chat apps like Twitter, Reddit, and Telegram. Users simply log on to Bottle Pay, link their social media accounts, send bitcoins to a Bottle Pay Lightning Network wallet, and begin making and receiving bitcoin payments.