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Coinfera Unveils BNB Trading & More

Coinfera Unveils BNB Trading

The adoption of Binance Coin (BNB) is set to grow after Coinfera announced the commencement of BNB trading in its Turkey and UAE shops. Hence, Crypto fans in these countries will be able to walk in with Turkish Liras or UAE Dirhams and leave with Cryptos in their Crypto Virtual wallets. While expressing elation, the CEO of Binance Changpeng Zhao celebrated the move in a retweet of the Coinfera big announcement on Twitter. In addition to OTC trading of BNB, the company is promising its clients free Binance Coins in an airdrop that will be rolled out at a later date. Meanwhile, on the market front, BNB’s price is stable.

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The CFTC Appoints Dorothy DeWitt To Oversee Crypto Market Operations

The Crypto economy seemingly has got an advocate at the U.S. Commodity Futures Trading Commission (CFTC). This is after the agency appointed Dorothy DeWitt, the former Coinbase Vice president to head the Division of Market Oversight (DMO). Some of the key tasks ahead of her include overseeing Bitcoin futures approvals, monitoring Crypto market derivatives, and more. DeWitt takes over from Vince McGonagle who was serving in an acting capacity. The appointment demonstrates that the Chair of the commission Heath Tarbert is keen on redesigning the company as Cryptocurrency markets take shape.

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Wells Fargo’s Crypto To Materialize In 2020

Wells Fargo Digital Cash, the native Token of Wells Fargo Blockchain, is set to be deployed in 2020. The company intends to shift its money transfer solutions to DLT as it seeks to compete with banks that are increasingly embracing Blockchain and Crypto. To support seamless international money transfers, the platform will first convert Fiat money to Digital Tokens. Notably, the network of ledgers will record the transactions and allow the receiving partner to receive Fiat money on the other end.

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