– Bitfinex removed minimum equity requirement of $10,000 to trade on its platform
– China may prohibit crypto mining
– Coinbase has added support for EOS, REP and MKR
– Western Union has partnered with blockchain startup Coins.ph
Crypto exchange Bitfinex removed minimum equity requirement of $10,000 to trade on its platform.
“We simply could not ignore the increasing level of requests for access to trade on Bitfinex from a wider cohort than our traditional customer base. For the last six months we have been working hard to ready our platform for a new wave of customer accounts and are now in a position to open Bitfinex to a wider audience. By dropping our minimum equity requirement, the only limits are now set by the traders themselves,” said Jean-Louis van der Velde, Bitfinex CEO.
China‘s National Development and Reform Commission (NDRC), the country’s powerful economic planner, published a list of sectors it plans to promote, restrict or eliminate. Crypto mining was namechecked alongside other sectors the agency wanted to “eliminate” because they “lacked safe production conditions, seriously wasted resources, polluted the environment,” among other issues.
The agency is seeking public feedback on the guidelines and indicated that the crypto-mining ban could take effect as soon as the document is formally issued. The consultation period ends on May 7.
US crypto exchange Coinbase has added support for EOS (EOS), Augur (REP) and Maker (MKR) to its professional trading platform Coinbase Pro.
Money transfer giant Western Union has partnered with blockchain startup Coins.ph, one of the Philippines’ leading e-wallet providers, to enable residents of the Philippines to more easily receive cash remittances.
The deal will enable more than five million customers to receive international and domestic money transfers directly into their Coins.ph wallets in the Philippines, according to the official announcement.