One Stop Cryptocurrency NewsCast For Today ?

📮 18-12-2019

📉 MarketCap:                  $187 B
📊 24h Mcap %:                 3.15%
⚠️ Bitcoin Dom:                 67.69%

📌 Active Coins:                2,697

📍 24h Vol %:                    34.57%
💲 24h Vol:                     $100 B

Trade On These Exchanges

Advertise Your Products and Get Leads To Your Business,FREE REGISTRATION.Register link:✅👉 http://bit.ly/2YlhQRh

1.  Institutional investors are gearing up for an early-Christmas party. Bakkt saw yet another high in its open interest [OI] on 16 December as the underlying cryptocurrency, Bitcoin, dipped below $7,000. The total number of outstanding contracts on the Intercontinental Exchange rose to $35 million following a relatively volatile trading day. On a daily scale, the OI reached as high as $7 million after money inflow into the partly physically-backed Bitcoin Futures platform continued to rise.

2.  A new collaboration between financial services firm State Street Corporation and the Winklevoss’ Gemini cryptocurrency exchange will launch a reporting pilot for cryptocurrency holdings under custody. The two entities launched a new pilot that would combine Gemini Custody — the exchange’s custody wing — with State Street’s back-office reporting. The project enables users to consolidate the reporting of their digital assets processed by Gemini with their traditional assets serviced by State Street.

3.  Cryptocurrency exchange Coinfloor, licensed by the U.K. Financial Conduct Authority, is delisting ether (ETH) on Jan. 3. Announcing the news Tuesday, Coinfloor said it will only focus on bitcoin (BTC) and financial services related to the world’s largest cryptocurrency, from 2020 onwards. Obi Nwosu, founder and CEO of Coinfloor said, No other cryptocurrency currently comes close to Bitcoin’s track record, industry support, or brand recognition, so focusing on Bitcoin made perfect sense, it is “inflation proof” cryptocurrency.

4.  Fidelity Digital Assets, the cryptocurrency arm of Fidelity Investments, has formed a new UK entity to sell cryptocurrency services to European clients. The firm has offered custody and trading tools to financial institutions in the US since 2018. Fidelity’s UK entity, incorporated on December 16, will give the fund manager a platform from which to sell digital asset services to European businesses, including hedge funds and family offices. It does not currently hold any regulatory permissions.

5.  The volume of Venezuelan bolivars traded against Bitcoin (BTC) on the LocalBitcoins platform hit another all-time high last week amid rampant hyperinflation in the country. According to Bitcoin statistics website Coin Dance, bolivar volumes on peer-to-peer exchange LocalBitcoins exceeded 209 billion during the week ending Dec. 14. According to Coin Dance, bolivar volumes have been gradually breaking new records in December, surpassing the previous all-time high of 205 billion bolivars.

6.  Crypto exchange operator ErisX has launched its cryptocurrency futures market. The firm originally planned to roll out futures products tied a wide range of coins, but currently only supports bitcoin futures contracts. ErisX is only the second company to offer physically settled bitcoin futures in the U.S., following the launch of Intercontinental Exchange’s Bakkt futures contracts in September of this year. ErisX’s bitcoin futures will see a contract size of 0.1 bitcoin ($663 at current prices), ErisX will start with monthly and quarterly contracts.

7.  Despite global authorities showing apprehension toward privacy-centric digital currencies, a number of cryptocurrency projects have shown their inclination toward embracing privacy and anonymity. The latest entity to join in the privacy cryptocurrency bandwagon is TRON. In a tweetstorm, Justin Sun made a number of announcements with regard to the upcoming privacy features of TRX. Sun stated that TRON will soon begin beta-testing its shielded transactions which hide various details associated with a blockchain transaction.

8.  MoneyGram CEO Alexander Holmes told he now believes Ripple, XRP and blockchain technology at large have the potential to transform the payments industry. MoneyGram is now using Ripple’s XRP-based On-Demand Liquidity (ODL) to move 10% of its daily transaction volume between the US and Mexico. Alex Holmes stated that but to make it as much as fifty or even a hundred percent, the company needs Ripple to bring in more partners, such as banks or financial institutions.

9.  Indian multinational consulting company, InfoSys, launched three blockchain platforms in a bid to enhance the interoperability and efficiency across systems. Company, announced the launch of three blockchain-powered distributed applications for government services, insurance, and supply chain management domains. The applications are comprehensively designed for enterprises to ensure easy deployment, interoperability with other blockchains and integration with other emerging technologies such as IoT and data analytics.

Post a Comment

0 Comments