BitBay BAY

Market Cap $ 18.641 MM (#218)
24h Volume $ 166.407 K
Chg. 24h: 1.91%
Algo. score 3.0/5  (#536)
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BitBay News

Berkeley to Host First Crypto-Powered Music Festival

Berkeley is set to host the world’s first crypto-fueled music festival on Saturday, October 20. The event's venue will be the Hearst Greek Theatre at the University of California, Berkeley. The Bay Area festival will use its digital currency dubbed OMF token which would be redeemable for physical, digital, and virtual products or services within the network. The event will feature performances by Big Sean, Zedd, 3Lau, Matt and Kim, and Charlotte Lawrence. According to a Time Out report, the festival will also have a ‘crypto corner’ where the audience can learn more about crypto. (KE)

a day ago

Crypto Startups Relocate to Skyscrapers in Hong Kong Whereas Leading Banks Check Out

According to a SCMP report, leading banks such as Gold man Sachs are looking for offices in cheaper locations due to hiking rental fees. Crypto startups such as BitMEX and Diginex Digital, on the other hand, are moving to Hong Kong skyscrapers. BitMex has reportedly moved to Cheung Kong Center and rented 20,000 square feet. While Gold man Sachs is said to move to Causeway Bay to save 30% on rental fees. Blockchain companies are no retreating from occupying offices in HongKong to retain talent, according to Philip Pang, Collier's office services associate director. (VK)

17 days ago

Tron [TRX] Listed On the Third Largest Cryptocurrency Exchange in Europe Bitbay

Justin Sun, the CEO of Tron, announced on Sep.19th, that TRX will be listed on BitBay, which is reportedly is the third largest in Europe. BitBay is a trading platform which facilitates the exchange of major cryptocurrencies like Bitcoin, Litecoin, Ether, and Lisk. This listing would allow both the platforms to establish a mutually beneficial partnership through which they will adopt the use cases of blockchain technology. The news reportedly comes on the heels of the announcement of TRX/BNB [Binance Coin] trading pair being listed on Binance. As of writing this, TRX is trading at $0.019 with a market cap of $1.2 billion, up 1.1% in the last 24 hours. (RL)

a month ago

China's First Blockchain Industrial Park Established in the Hangzhou Bay Area

The first China blockchain industrial park was established in Hangzhou Bay Area on September 19. This is also the first blockchain industrial park in China jointly approved by Electronic Commerce Association and China’s blockchain regulatory sandbox commissioner. It is reported that the blockchain industrial park will foster the process of applying blockchain technology to real economies. The Industry Park already locates a lot of high tech companies, such as Alibaba. (RL)

a month ago

China: PBOC Launches Blockchain-based Trade Trial, Crypto Prices Surge

Cryptocurrency markets soared high on Monday morning amid reports that the People’s Bank of China (PBOC) had launched a blockchain-based trade trial. The Guangdong-Hong Kong-Macao Great Bay Area Trade Finance Blockchain Platform aims at reducing trade financing costs for SMEs. According to a report published by Cryptovest, Ping An Bank is also involved in the ambitious project. At the time of reporting, Bitcoin had surged 0.51% to trade at $6,514.1 while Ethereum was up 3.5% to trade at $222.48. (VK)

a month ago

China's Central Bank Is Backing A Blockchain Trading Platform

While China completely banned cryptocurrencies, their interest and commitment to blockchain technology keeps increasing. China's central bank, People’s Bank of China (PBoC) recently helped launched a trial of the Guangdong-Hong Kong-Macao Great Bay Area Trade Finance Blockchain Platform in Shenzhen in South China’s Guangdong Province. With the new system, the speed of trade financing will go from 2 weeks to just 20 minutes. Also, the financing costs is set to go down from 8% to 6%. (VS)

a month ago

People's Bank of China Warms up to New Blockchain-based Financial Platforms

According to Global Times, the People’s Bank of China (PBoC) recently helped in the launching a pilot of the Guangdong-Hong Kong-Macao Great Bay Area Financial Blockchain Platform. Xu Honghui, VP of the transaction banking division of Ping An Bank said a traditional round of trade financing usually takes two weeks. By incorporating the blockchain technology, the time used would be reduced to 20 minutes. This will consequently save the bank a lot of time and money. China’s government banned ICOs in 2017 and also rendered most cryptocurrencies illegal. However, China is bullish on the future of blockchain technology. Last week, the country legalized the use of blockchain information in internet-crime-related court cases. (KE)

a month ago

Chinese Blockchain Project Begins Trial To Track Cross-Border Payments

A Chinese trade and finance blockchain platform, named "Guangdong-Hong Kong-Macao Great Bay Area Trade Fi-nance Blockchain Platform" is currently being tested in Shenzhen, South China's Guangdong Province. The platform is backed by China's central bank, People's Bank of China (PBoC). It will open up cross-border transactions and tackle financing problems for micro- to medium-sized enterprises. The trade financing costs for micro- to medium-sized enterprises will come down from 8% to 6% with the use of this new platform. (VS)

a month ago

Binance Chief CZ to be a Featured Speaker at Consensus Singapore Sept. 19-20

The Consensus Singapore event is just around the corner and is scheduled to unfold Sept. 19-20 at Marina Bay Sands. Among the featured speakers will be Binance chief Changpeng “CZ” Zhao. Other speakers include officials from the likes of PundiX, OKCoin, imToken and more. OKEx, the No. 2 cryptocurrency exchange based on trading volume, announced on Twitter that its head of operations, Andy Cheung, will be in attendance. (GT)

a month ago

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