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Tag: Cryptocurrency

  • Romanian crypto project LANCERIA reveals native token LANC available in 180 countries

    Romanian crypto project LANCERIA reveals native token LANC available in 180 countries

    Romanian cryptocurrency LANC is available for purchase in over 180 countries, following the partnership between Lanceria and the local exchange CryptoCoin.PRO.

    Crypto exchange

    LANCERIA, the Romanian technology project dedicated to the freelancing ecosystem, announces that its native token LANC, can now be bought directly by credit card and bank transfer, in over 180 countries around the world, based on the partnership between the platform and the exchange CryptoCoin.PRO.

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    Lanceria is one of latest projects developed with blockchain technology, an entrepreneurial initiative which managed to gather funding of over one million dollars from the community and investors, in less than a month since its inception. According to the company’s representatives, the partnership opens the cryptocurrency operations to freelancers and companies alike on the marketplace where Lanceria operates.

    According to Coinmarketcap.com, Lanceria is an AI-enabled low-commission freelancing marketplace. The platform, which is currently under development, will remove fees from contractors and keep commission minimal on the employer side, while also working to build machine learning-based tools to match every freelancer with the perfect gig. Built by former freelancers with ample blockchain and AI experience, the company aims to transform the freelancing ecosystem with trust and transparency. If you would like to know where to buy Lanceria, other top exchanges for trading in Lanceria are currently CoinTiger, BitMart, DigiFinex, PancakeSwap (V2), and ProBit Global

  • Canada gives green light to world’s first Bitcoin ETF. All eyes on the US SEC

    Canada gives green light to world’s first Bitcoin ETF. All eyes on the US SEC

    Canada does not waste time as the Ontario Securities Commission (OSC) approved the world’s first Bitcoin ETF (Exchange Traded Fund) on Thursday.

    Illustration of digital currency Bitcoin (photo: pcmag.com)

    The country’s main financial regulator gave green light to the launch of Purpose Bitcoin ETF, Toronto-based asset management company Purpose Investments Inc. announced in a statement with OSC confirming later the news.

    The Purpose Bitcoin ETF will seek to replicate the performance of the price of bitcoin, minus the ETF’s fees and expenses, according to a fact sheet posted by the company. It will trade on the Toronto stock exchange under the label “BTCC.”
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    “The ETF will be the first in the world to invest directly in physically settled Bitcoin, not derivatives, allowing investors easy and efficient access to the emerging asset class of cryptocurrency,” said Purpose Investments adding that “the fund has been created to buy and hold substantially all of its assets in long-term holdings of Bitcoin and seeks to provide holders of ETF Units (“Unitholders”) with the opportunity for long-term capital appreciation”.

    Cidel Trust Company will be the custodian of the ETF while Tyler and Cameron Winklevoss’ Gemini Trust Company will be the sub-custodian. Ernst and Young will be the auditor of the ETF.


    “Gotta love their liberal regulators, or perhaps they’re normal and SEC too conservative. Either way US usually follows shortly after. Good sign for US bitcoin ETF. Big win for @winklevosscap. H/t @NateGeraci”, tweeted Eric Balchunas, senior ETF analyst at Bloomberg.

  • Binance back in bussines after lengthy system upgrade. No FUD anymore!

    Binance, one of world’s most popular cryptocoin exchanges, has finalized the system upgrade and informed its customers about the resumption of all trading processes, including deposits and withdrawals, as of Friday at 10:00 a.m. GMT.

    Binance upgrade
    Binance back online after 36 hour outage
    The platform announced in a Twitter post that will lower trading fee by 70 percent until February 24 at midnight to express its “gratitude” for users’ understanding and support through the process.

    The unexpected suspension emerged on Thursday at 01.00 a.m. GMT and Binance first explained the situation by quoting server issues. The exchange later announced that the upgrade will be longer than initially thought. In the end, the services resumed after a nearly 36-hour disruption and two postponements. The functionalities were sucessfully brought online step by step to the relief of the panicked clients.

    Binance crash sent out waves of worries with traders fearing that the exchange may have been hacked, considering similarities with the initial statement from Japan’s exchange Coincheck amid its recent theft of 500 million NEM tokens.

    Rumors of a possible hack were first revealed by John McAfee, the creator of the famed McAfee antivirus software, who wrote in a Twitter post: “Binance has suspended trading. The company claims that they are doing a system upgrade and will resume at 2:00 AM GMT Friday. While I have no hard evidence, rumours are flying among top crypto influencers that they may have been hacked. Will keep you informed.”
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    Binance official channel rejected the hack rumours by replying: “Binance has not been hacked. Please do not spread false information. If you want to keep updated on the status of our system upgrade you’re welcome to follow”.

    McAfee tweeted later: “Not trying to spread FUD, but I have received dozens of reports like this one. I’m just trying to understand. As a security researcher, I know that potential hacks are far more easy to solve if investigated immediately. Days later magnifies the task by orders of manitude.” In response, Changpeng Zhao founder and CEO of Binance, wrote: “But you are spreading FUD. We will prove you wrong.”

    In addition to denying the hacking allegations, Changpeng Zhao insisted there was just server issue and assured all coins are safe: “We will maintain communication at difficult times. Those are hot wallets, only a tiny % there. But it should be clear your coins are safe. We wish disks moved faster. We will engineer around them in the future. Your encouraging words is all we work for.”

    However, some users may still be confronted with some issues, despite resumption of services. Zhao added in a tweet that: “System will be coming online soon. If you have issues access http://www.binance.com , please try https://us.binance.com/ or https://kr.binance.com/. There was a DDoS attack on our cloud provider, resolved, but still some lingering effects.”