March 5, 2019

Litecoin (LTC) Explodes, Is this the “Venezuelan Effect”

March 5, 2019 boss

Litecoin price surge, up 14.8 percent Venezuela approves Bitcoin and Litecoin as remittance agents Volumes explode as Litecoin (LTC) likely to close above $50 It is only through Remesas, which has the support of the Venezuelan government and under its regulators, that users can send funds using Bitcoin and Litecoin. Perhaps, this move (not trusted by many) will further help pump Litecoin, up 14.8 percent in the last day. Litecoin Price Analysis Fundamentals Even though Litecoin (LTC)–like all coins may be recovering, the decision made by the Litecoin Foundation that…

SIX Swiss Exchange Launches Ethereum-Based Exchange-Traded Product

March 5, 2019 boss

Switzerland’s primary stock exchange, SIX Swiss Exchange, has launched trading of an Ethereum (ETH)-based exchange-traded product (ETP) on March 5, according to SIX Group’s website. Amun Ethereum (AETH) ETP Lising on SIX Swiss Exchange. Source: SIX Group Backed by the Swiss startup Amun AG, the new Ethereum-based ETP will be trading under the index AETH. The management fee of Ethereum ETP will amount to 2.5 percent. SIX Group’s Ethereum ETP was first announced in November 2018, with SIX Swiss Exchange revealing that it will list five cryptocurrency-based ETPs, including Bitcoin (BTC),…

Crypto Market Trims Losses as Binance Coin (BNB) Surges with 20% Spike

March 5, 2019 boss

Major cryptocurrencies have ticked upward over the last hour, entering positive territory on the daily charts with Binance Coin ahead of the game, trading up 21.08% against the US dollar. Key Takeaways Binance Coin is trading up, pumping in value even during the market-wide price corrections seen earlier today. Bitcoin market dominance is still over 50% Major coins are now ticking upward with only Tether posting losses among the top 10 coins (likely a blip). The market cap has regained $1 billion over the last 7 hours. Bitcoin has recovered…

US Crypto Exchange ErisX Hires Former Wells Fargo Executive as Business Developer

March 5, 2019 boss

United States-based cryptocurrency exchange ErisX announced that it hired former Wells Fargo executive Kyle Unterseher as a business development executive. The news was reported in a Medium post published by the exchange’s head of marketing on March 5. In December 2018, ErisX raised $27.5 million from Fidelity, Nasdaq Ventures and other investors, with the goal of offering spot trading in Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC), as well as futures markets, pending regulatory approval in 2019. Unterseher joins the ErisX business development team and will be reporting directly to…

New Research Released on Blockchain and EU Privacy Law Compliance

March 5, 2019 boss

The Center for Global Enterprise (CGE), a non-profit research institution and leading international law firms Slaughter and May and Cravath, Swaine & Moore LLP, today released research that provides a framework for creating Blockchain solutions that comply with European Union privacy law. advertisement March of the Blocks: GDPR and the Blockchain is a joint law firm report, commissioned by CGE, which evaluates the challenges posed to the implementation of Blockchain solutions by the EU GDPR privacy regulation. The report examines a real‑world use-case developed by Marine Transport International (a UK-based digital…

After heavy users criticism Coinbase Drops Ex-Hacking Team Employees

March 5, 2019 boss

Following widespread criticism over its acquisition of the blockchain analytics firm Neutrino, Coinbase downsized its workforce by laying off several of its employees who previously worked for Hacking Team. Neutrino’s top management had led projects for Hacking Team, a startup that supported governments known for human rights abuses. “Those who previously worked at Hacking Team (despite the fact that they have no current affiliation with Hacking Team), will transition out of Coinbase,” the crypto exchange’s CEO Brian Armstrong said on the company’s blog Monday. He added that it was not…

Kraken’s $1 Billion Futures Trading Volume Prove Crypto Demand is Very High

March 5, 2019 boss

Kraken’s acquisition of the UK-based cryptocurrency futures provider Crypto Facilities led the platform on a high trading volume spree, according to their latest statements. Sui Chung, the head of indices and price products at Crypto Facilities, confirmed that the trading volume on their futures platform increased by 565% following Kraken’s $100 million acquisition. In total, the platform recorded $1 billion worth of trades in over a 30-day timeline across all its products: bitcoin, ether, litecoin, bitcoin cash, and XRP. At the same time, Crypto Facilities noted a higher number of…

Kraken’s $1 Billion Futures Trading Volume Prove Crypto Demand is Very High

March 5, 2019 boss

How Supply Affects Crypto’s Value, Explained

March 5, 2019 boss

Debate has been raging on whether cryptocurrencies with a fixed supply are good or bad. Do they increase prices and demand, or stymy spending? So is crypto actually a currency? This is open to interpretation. While some crypto startups have sought to ensure that their tokens can be used to buy something specific — whether its collectible cats or stocks — others are creating assets with a deliberately limited supply to help crypto users store value and see it appreciate over time. One example is Bitcoin Rhodium. Its commodity, XRC,…

Crypto Markets Recover $5 Billion Lost on Monday, Bitcoin Tests $3,900 Support

March 5, 2019 boss

Tuesday, March 5 — crypto markets have seen a healthy wave of green, with all of the top 20 cryptos seeing a firm recovery after yesterday’s sell off, according to data from CoinMarketCap. Litecoin (LTC), the fourth cryptocurrency by market cap, is up almost 12 percent over the day, seeing gains of more than 13 percent over the past 7 days. Binance Coin (BNB), the top 20 entrant native to the world’s biggest crypto exchange Binance, is up around 20 percent. The coin is seeing enormous growth over the week,…