South Korean based the largest cryptocurrency exchange, Bithumb announced to add new coins. On 29th May, 2018 at 11:00 PM, a tweet by Bithumb states 0x(ZRX) and Augur(REP) will be the latest coins on its platform Exchange .
0x is an open, permissionless protocol allowing for ERC20 tokens to be traded on the Ethereum blockchain.Build on 0x.n 0x protocol, orders are transported off-chain, massively reducing gas costs and eliminating blockchain bloat. Relayers help broadcast orders and collect a fee each time they facilitate a trade. Anyone can build a relayer.0x protocol is a pluggable building block for dApps that require exchange functionality. Join the many developers that are already using 0x in their web applications and smart contracts.
Augur is a decentralised prediction market which can forecast the outcome of an event based on the ‘wisdom of the crowd’ principle. With this method, information collected from the crowd is averaged into the most realistic possibility and therefore the most probable outcome. Correct predictions are rewarded by the network, while incorrect reporting is penalised – this incentivises truthful reporting.
The recent Bithumb News
South Korea’s largest cryptocurrency exchange Bithumb has announced that it will block trading in 11 countries as part of its revised internal regulations aimed to prevent money laundering using its system. Foreign users will also need to undergo a stricter verification process.
Bithumb — the world’s fifth largest cryptocurrency exchange by trading volume — is banning the use of its platform across 11 countries, the company announced on Sunday.
The 11 banned countries include Serbia,,Iran, Ethiopia, Iraq, Sri Lanka, Trinidad and Tobago, Tunisia, Vanuatu, Yemen, and Syria. All named countries are on the Non-Cooperative Countries or Territories (NCCT) list of Financial Action Task Force (FATF), an intergovernmental organization that combats money laundering. NCCT is a list of countries that — FATF believes— do not have sufficient laws to prevent money laundering globally.
The document said:
“We commit to implement the FATF standards as they apply to crypto-assets, look forward to the FATF review of those standards, and call on the FATF to advance global implementation. We call on international standard-setting bodies (SSBs) to continue their monitoring of crypto-assets and their risks, according to the mandates, and assess multilateral responses as needed.”
Additionally, within few days development team of Bithumb requested international users to undergo mobile verification process which eventually ensures that users are not providing fake information about their residential addresses and also personal info.
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