Cryptocurrency

CME Bitcoin by E-Trade Financial Corporation

The digital stock brokerage firm, E-Trade Financial Corporation, flung open a trading platform for bitcoin futures from CME Group. The customers were allowed to trade in bitcoin futures from CBOE Global Markets from the mid of December after U.S. Commodity Futures Trading Commission (CFTC) approval of CBOE and CME. .

 

Fintech presents physical Bitcoins

The Canadian firm Fintech Select Limited launched physical bitcoin products. The firm believes that they can attract huge number of customers by publicizing its physical bitcoins divided by fractional bitcoins into a single wallet. The firm had also launched POS platform for customers to buy cryptocurrency from local retailers.

Rising Ripple gets the second position

Ripple secures Ethereum’s position in market. Outperforming Ripple (XRP) coins whose price continues to rise with its market capacity became the second valuable digital coin. It surpassed Ethereum in the crypto market. The value per coin has reached at $2.50 and peaked at $2.84 before New Year and continues to grow hike. However, it is perceived that Ripple may not be steadily hold second position.

Thiel’s $20 million matures bigger

Peter Thiel’s firm, Founders Fund based in San Francisco has been purchasing bitcoins worth $20 million. They are now worth several hundred million dollars in the market today reported Wall Street Journal. He quoted that “cryptocurrency is like a reserve form of money. If bitcoin ends up being the cyber equivalent of gold, it has a great potential”.

South Koreans Deposit 64 times higher in 2017

The Korean Financial Supervisory Service (FSS) received data revealing deposits made by Koreans in cryptocurrency exchanges during the year 2017. Through the publication, the total amount of deposits made during the year 2014 was 2.5 billion; in 2015, 9 billion; during 2016, 32.2 billion and at the end of 2017, 2.067 trillion was noted.  

 

Bitcoin Users Account Freeze

The bitcoin user’s accounts were put on halt by the Australian banks especially by National Australia Bank, ANZ, Commonwealth Bank of Australia and Westpac Banking Corporation. The Spokesman of the Commonwealth Bank of Australia said the users can transact with currencies “as long as they comply with the terms and conditions”. Though the accounts were set to freeze, the criteria set for targeting certain users are unknown.

 

UK to compete with new cryptocurrency

The Bank of England is set to issue its own digital coin in the United Kingdom. They had established a team to investigate observe and report about the possibility of dispensing a new prototype cryptocurrency that would compete with Bitcoin, Ethereum and other crypto coins well-known in the crypto industry. The report is set to be published in twelve months’ time.

 

Bitcoin Market News

Nomura claims bitcoin to contribute 0.3% GDP

The Japanese Finance analyst, Nomura, claims that bitcoin could contribute an addition of 0.3% to the Gross Domestic Product (GDP) of Japan. It revealed that there are huge numbers of bitcoin investors in Japan which Nomura coined to have “measurable effect” on the GDP.

 

Bitcoin Trading Market

Rise in use of Bitcoin Teller Machines

Many companies around Unites States and other countries are installing 3 Bitcoin Teller Machines (BTM) per day due to upsurge in number of users. There has been 7.6 percent increase in machines over the recent times. The biggest market for BTMs prevails in US, Canada, UK and Austria. Coinsource being a provider in the U.S. aims to install 1000 such machines in 2018.

 

Cryptocurrency Investment

Central Bank develops website to warn investors

“Watch out for cryptocurrencies” deciphered the domain name of a website designed for the welfare of the investors. The main objective of this domain is to issue warnings about cryptocurrency for the benefit of the investors. The citizens were cautioned by the Monetary Authority of Singapore (MAS) about investments and risks based on cryptocurrency.