Daily Berminal Brief (8/09/18): Binance Unveils ‘First Look’ at Decentralized Exchange

The State of the Market: Following a dismal week of losses, the crypto markets appear to have — at the very least — stabilized. For the first time in a week, both Bitcoin (BTC) and Ethereum (ETH) have posted modest positive price movements with respective gains of 2.86% and 1.03% to trade at $6,500 and $360. The total crypto market capitalization has also recovered slightly with an increase of about $5 billion over the last 24 hours.

1. Today, Binance — one of the leading cryptocurrency exchanges — unveiled a ‘first look’ at its upcoming decentralized exchange (DEX) platform. The ‘first look’ featured demo footage which depicted various DEX activities like issuing, listing and trading crypto assets on the decentralized exchange. Changpeng Zhao, the CEO of Binance, noted that the product is still in “early stage development,” and that “the team’s working on it very aggressively.” The DEX platform was also reportedly released early, as it was not expected to be showcased for at least a month or two according to Zhao (read more).

2. According to a recent survey conducted by the American Institute of Certified Public Accountant’s, American investors are looking to allocate an average of 5% of their funds into cryptocurrencies in 2019. This figure was nearly as high as investor interest in exchange-traded funds which will comprise 8% of the portfolios according to the poll. However, the survey also found that “nearly half of U.S. adults (48%) are not familiar with Bitcoin, Ethereum, or Litecoin”(read more).

3. According to a press release published today, IBM and logistics and shipping company Maersk have officially launched their global blockchain-enabled shipping solution. The blockchain solution, which was jointly developed by the two corporate giants, revealed the involvement of 94 organizations. The ‘TradeLens’ platform, which has already capture over 150 million shipping events, is reportedly increasing by nearly 1 million new shipping events every day it is active (read more).

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