Russian Mining Giant to Tokenize Palladium

Russian billionaire Vladimir Potanin is planning to create cryptocurrency tokens backed by palladium, Bloomberg reported on March 27. Potanin — who is CEO of the Russian nickel and palladium mining and smelting company MMC Norilsk Nickel PJSC (Nornickel) — plans to deploy cryptocurrency tokens for trading palladium through a Switzerland-based palladium fund, and wants to launch several digital platforms. According to Bloomberg, the platform will enable more fluid transactions. Currently, should a buyer discover that they do not need all the contracted volume in a purchase, they must either renegotiate…

Crypto Markets Rally, While Palladium and Oil See Decline

Wednesday, March 27 — cryptocurrency markets have entered the green zone after yesterday’s slight decline. Bitcoin (BTC) has reclaimed its position and is hovering above the $4,000 price mark. Market visualization from Coin360 The leading cryptocurrency Bitcoin is up 2.34 percent on the day, and is trading at $4,061 as of press time. Yesterday, March 26, BTC dropped under $4,000, and started the day at $3,962. On its weekly chart, Bitcoin’s deepest and highest points were $3,934 and $4,091 respectively. Bitcoin 24-hour chart. Source: CoinMarketCap Ethereum (ETH) has gained 3.48…

Major Cryptocurrencies See Slight Gains, Palladium Hits $1,600 for The First Time

Tuesday, March 19 — cryptocurrency markets are mostly trading in the green zone, with Bitcoin (BTC) hovering above the $4,000 mark. Market visualization from Coin360 During the day, BTC has been trading in a narrow corridor between $4,031 and $4,082. At press time, the leading coin is trading at around $4,059, up around 0.62 percent on the day. Today, major cryptocurrency exchange Binance announced that its new service “Binance Lite” will enable the exchange’s Australian customers to purchase Bitcoin with fiat currency from supported newsagents. Bitcoin 7-day price chart. Source:…

Crypto Markets Recovering After Yesterday’s Dive, Palladium Hits New Record High

Monday, Feb. 25 —  cryptocurrency markets are seeing mixed signals as of press time, with some of them reporting a bit of recovery from the nosedive they took on Feb. 24, while others continue to slip downward. Market visualization by Coin360 The leading cryptocurrency Bitcoin (BTC) is up 1.4 percent over the last 24 hours, and is trading at around $3,884 at press time. Bitcoin has seen low volatility during the day, having dropped to as low as $3,807, while the intraday high reached $3,912. In terms of a weekly…

Crypto Exchange Bittrex Invests 10 Percent Stake in Malta-Based Blockchain Firm Palladium

Bittrex, one of the top cryptocurrency exchanges worldwide, has recently invested in Malta-based blockchain company Palladium, local news outlet Times of Malta reports September 2. The U.S.-based Bittrex, now the 18th top crypto exchange by total average trade volume, has bought a 10 percent share in Palladium. In July, Palladium had announced plans to distribute $150 million in tokens in the world’s “first” Initial Convertible Coin Offering (ICCO) in partnership with Bittrex and Unikrn eSports bookmaker, scheduled to begin on July 25. Current shareholders of Palladium include Investar Holding and…