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Showing posts from May, 2018

Bittrex Launches USD Fiat Trading

Bittrex has finally introduced fiat currency support. The US exchange, which was established in 2013, subsisted with tether as its USD surrogate until recently, before adding another stablecoin, TrueUSD, a couple of months ago. Around the same time, its CEO Bill Shihara revealed that the platform would be adding USD pairs and today they went live for corporate clients. Also read:   Weiss Ratings Publishes Complete List of 93 Cryptocurrency Ratings More Fiat, Less Tether Bittrex, along with exchanges such as Binance and Upbit, has been gradually weaning itself away from tether, which for a long time was the only dollar-based hedge available. It has been speculated that the desire to list other stablecoins, and to eventually pivot to USD, was partially born out of a desire to be less reliant on the notoriously opaque tether. Whatever the reasoning, Bittrex has now secured the banking facilities necessary to enable fiat-crypto trading, and in Malta Binance is believed to be following
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PR: MoneyToken to Give out Loans in Stablecoin from Goldman Sachs-Backed Circle

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Following the announcement that Circle , a fintech startup backed by Goldman Sachs, plans to launch a stablecoin pegged to the U.S. dollar, the blockchain-based ecosystem MoneyToken has confirmed the listing of the stablecoin, Circle USDC, on its lending platform and decentralized exchange. “USD-C is compliant and easy-to-cash-in alternative to Tether, and we expect a lot of requests from traditional and crypto business to add it as an option to our platform, I think that need was just in the air” Alex Rass, co-founder of MoneyToken MoneyToken is a worldwide blockchain-based financial services ecosystem, which provides opportunities for leveraging, borrowing and lending cryptocur
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Weiss Ratings Publishes Complete List of 93 Cryptocurrency Ratings

US independent rating agency, Weiss Ratings, has published its complete list of 93 cryptocurrency ratings. The company has upgraded its BTC rating to B-. The list shows 14 coins with B ratings including ETH, IOTA, NEO, XRP, STEEM, TRX, and XLM. Fifty-four of the rated cryptocurrencies carry C ratings. Also read:  Yahoo! Japan Confirms Entrance Into the Crypto Space Complete List of 93 Crypto Ratings On Tuesday, May 29, Weiss Ratings made public its complete list of 93 cryptocurrencies rated by the company. The American independent rating agency, founded in 1971, has been rating approximately 55,000 institutions and investments such as stocks, ETFs, mutual funds, insurance companies, banks, credit unions, and cryptocurrencies. Compiled on Friday, the list shows an overall rating of B- for BTC and C- for BCH. It can be obtained by signing up with an email address on the company’s website until June 4. No cryptocurrency on the list has received an A or a B+ rating. Overall, fourtee
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Bitcoin in Brief Thursday: Asus Creates 20-GPU Mining Motherboard

In today’s edition of Bitcoin in Brief we feature news from all over the world. These stories include a new multi-GPU mining motherboard from Taiwan’s Asu; a Singaporean businessman acquiring a Japanese exchange; some ripple-loving alleged Russian hackers shaking down Canadian banks; and a Colombian soccer star launching his own coin. Also Read:  Austrian Financial Market Authority Stops ‘Active Managed Mining’ Operation H370 Mining Master Asus (TWSE: 2357), the Taiwanese computer hardware manufacturer, has announced a new motherboard that increases density with support for up to 20 graphics cards, designed specifically for crypto miners. The H370 Mining Master greatly replaces its predecessor’s x1 slots with banks of vertical PCIe-over-USB ports that let riser cables plug directly into the motherboard. The company explains that: “Mining is a numbers game; it’s only worthwhile if the value of the cryptocurrency you generate exceeds the cost of producing it. Increasing the number
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Philippines’ Crypto Wallet Reaches 5 Million Users, Adds More Coins

Averaging more than a million onboardings per year, Philippines’ Coins.ph announced it reached a whopping five million users this week for its mobile payments application (app) and hot crypto wallet. Not content with merely adding numbers for their own sake, the company also revealed it would add two new popular coins: bitcoin cash (BCH) and ether (ETH). Also read: Bitgrail Exchange Ordered Down Indefinitely as Italian Court Upholds Halt Philippines’ Coins.ph Hits 5mil User Milestone Founder Ron Hose enthusiastically explained, “We are excited and proud to provide 5 million customers with access to financial services. Our focus on creating financial inclusion to all Filipinos has propelled our growth to date.” Many of the southeast Asian archipelago’s inhabitants struggle with inadequate economic opportunities and poor financial services. Nearly half of the Philippines is living on close to $2 a day, and its central bank, Bagko Sentral ng Pilipinas, estimated early last year tha
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PR: Mesmr – Revolutionary Decentralized Media Platform Announced

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Los Angeles, CA (May 30, 2018) — mesmr , the blockchain-based new media ecosystem, is announcing the creation of mesmr.tv, a media platform designed for content creators and their audiences. “mesmr was formed due to a lack of trust in today’s new media platforms. Our goal is to give everyone the power to unleash their creativity, own the rights to their personal data and to leverage the transparency of blockchain, giving brands a visible ROI on their marketing spend. We’re building a consumer-centric blockchain in the hopes that we can bring everyone into the world’s new operating system that is blockchain technology,” Dil-Dominé Leonares, mesmr founder and CEO stated. The announce
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Ukrainian Companies Mint 25 Coins, Raise $132 Million

Ukrainian crypto businesses have created 25 digital coins in 2017 and 2018, raising more than $132 million through token sales, according to a new report. Cryptocurrencies are gaining popularity in the country, where the daily trading volume now reaches $1.9 million USD. The growing number of crypto users served by local exchanges has prompted calls for clear but light regulations.      Also read: Ukraine’s Securities Commission Chief Seeks Legalization of Cryptocurrencies as Financial Instruments 3 Exchanges, 4,000 Traders Over the past year and a half, Ukraine-based companies have attracted more than $132 million through Initial Coin Offerings (ICOs), when traditional IPOs (Initial Public Offerings) have made 0 dollars. This according to Ukrainian deputy Alexei Mushak, who took part in the presentation of a new report titled “Green Book: Cryptocurrency Market Regulation.” The legislator believes that it’s time for Ukraine to introduce light regulation to the industry, or crypto b
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PR: Patientory Stiftung Joins the Enterprise Ethereum Alliance

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Zug, Switzerland – Patientory Stiftung , a Swiss-based global nonprofit healthcare organization founded to educate and connect adopters of PTOY blockchain, a HIPAA-compliant blockchain that securely stores and manages health information in real time, today announced that it has joined the Enterprise Ethereum Alliance (EEA) , the world’s largest open source blockchain initiative. As a member of the EEA, Patientory Stiftung will collaborate with industry leaders in pursuit of ethereum-based enterprise technology best practices, open standards, and open-source reference architectures. Patientory Stiftung brings these industry leaders together at its Inaugural Blockchain in Healthcare S
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May Breaks 2018’s Down-Trend in Monthly Total Raised by ICOs

Estimates are indicating that the total sum of capital raised by initial coin offerings (ICOs) in May exceeded the total sum raised in April – comprising the first month-over-month increase in the total sum raised by ICOs in 2018 so far. Also Read:  Markets Update: Slight Comeback Shows Cryptocurrencies Press Forward   Month-Over-Month Performance of ICOs Up for First Time in 2018 According to icodata.io , the total sum raised by ICOs in May has exceeded that which was raised in April – comprising the first instance in which month-over-month gain total for the funds raised through initial coin offerings has increased this year. As of this writing, icodata.io estimates that ICOs have raised approximately $715 million USD during May – a more than 27% increase over April’s total of roughly $516 million. Mean Total Raised by ICOs Declines in 2018 Although there are an increasing number of significant challenges now facing the ICO industry, such as advertising bans, heightened regula
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Bitcoin in Brief Wednesday: China Fights Impersonators and Fraudsters

In today’s edition of Bitcoin in Brief we feature stories that show cryptocurrency is still a hot topic in China, for better or worse. Additionally covered are market awareness in Germany, a mosque that accepts bitcoin donations, a new green mining farm and an MMA champ’s love for crypto. Also Read:  Dominance of Big Banks in UK Means London Might Miss the Boat on Bitcoin Mao Impersonator Enrages Chinese Netizens Chinese social media has erupted in anger this week after the use of a Mao impersonator at the Boao Blockchain Forum for Asia in Hainan province on Monday. “You are worthy of being called the great sons and daughters of the Chinese nation, and I thank you in the name of Mao Zedong,” the actor greeted the audience, but it appears the public disagrees. Mao is still officially revered in the country as the father of communist China and the law forbids using his image for promoting commercial goods and services. “The Boao Asia Blockchain Forum organizing committee expresses
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PR: 10 Reasons to Be Excited About Essentia

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Here’s ten reasons why Essentia has the potential to break the internet of fragmentation and propel us towards mainstream blockchain adoption. 1: Essentia is not just an application or a simple platform, it’s a protocol. Essentia does front itself with a user-friendly interface to navigate across multiple blockchains and decentralized apps. But its open-source code also means that developers can tuck into the back end and create customized experiences, for anyone to use. 2: Essentia automates the unnecessary digital admin, meaning you can get back to working on what really matters. Buying or selling crypto/assets? Simply set the value parameters to your preferred prices and Essen
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Dominance of Big Banks in UK Means London Might Miss the Boat on Bitcoin

London has enjoyed a status of a global financial hub for centuries and served as a pioneer for brand new trading options for decades. However, some fear it is now in danger of getting left behind by the hottest emerging asset class – cryptocurrency. One of the main reasons for this appears to be the dominance of the big banks over the UK economy. Also Read:  Niall Ferguson Tells Bank of England Bitcoin Is Financial System of the Future Banks Hindering Progress Despite having a thriving fintech startups scene, an established trading ecosystem and a leading role in the traditional fiat currencies market, London appears to be missing the boat with regards to the rush of institutional money flowing into crypto finance. Locations such as Tokyo, Chicago, New York and even San Francisco are taking the lead with regards to regulated platforms, OTC and hedge funds, as well as exchange-traded derivatives such as futures. And many people in the industry believe this is mainly due to the outs
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