Cryptocurrency

Exchange platforms halt new signups

With increasing demand over cryptocurrency due to fall in price had attracted new users to sign up various portals. It is reported that Binance had 250,000 users registering in its portal per day while Coinbase had 100, 000 plus user signups and Kraken has 50,000 users. Platforms of Binance, Bittrex and Bitfinex had closed their registration portal for updating. However, Bitfinex had proposed to allow signups from 15th January, 2018.

Iranian Bank official spoke in favor of cryptocurrency

Masoud Khatouni, the deputy for information technology and communications at the Bank Melli Iran spoke in favor of cryptocurrency. He said, “Iran must formally recognize activities using digital currencies as they are currently shaping the future of banking”. Nevertheless, Valiollah Seif, the CBI Governor and Nasser Hakimi, the head of Innovative Technologies Department insisted on being cautious when dealing with cryptocurrencies.

Dogecoin breaks $1 billion

Being the popular ‘tipping system’ as quoted on its website; the Dogecoin broke to $1 billion on market capitalization. It was brought out by mining Bitcoin genesis block together by Billy Markus, the programmer, Jackson Palmer, the project manager and data analyst at adobe. There were 112 billion Dogecoins in circulation and now the market cap of the coins carry value similar to 72,423 bitcoin.

Siacoin performing high

The Siacoin, a cryptocurrency is now among the top twenty five cryptocurrencies making it high in the crypto market. It had gained 86.15% over the past few hours. The price value had reached $0.093 which is marked as its peak. The Siacoin is traded through Bittrex exchange where presently, bitcoin and Ethereum make 99.5% volume.

TRON market capitalization grown six fold

The altcoin TRON (TRX) which is official addressed as TRONIX had gained popularity in the market today. The share price of TRX was at $0.00215 in December which is now traded at $0.276378. The market capitalization of the coin had grown six fold from $2.8 billion to $18.7 billion. TRON is expected to enter into partnership with public listed companies sooner.

Hapoalim continues to explore Blockchain systems with IAI

The Bank Hapoalim, Israel, exploring blockchain systems pronounced its notion to come together with Israel Aerospace Industries (IAI). They are aimed at brainstorming about the blockchain technology. “The new collaboration will help us develop into high potential areas such as blockchain technology”, said the IAI CEO, Joseph Weiss.

Deedcoin: Digital token priced between $1.50 and $3.00

The Deedcoin, a startup created a private token sale with the coin priced between $1.50 and $3. It is reported that the token sale will end on achieving sale of 40 million tokens or on 30th June, 2018. The company proposes to open up an Initial Coin Offerings (ICO) for the public on 25th January.

“Petro equal in value to Venezuela’s oil barrel”

Unsure of whether the investors would love to purchase Petro in present economic crisis, President Nicolas Maduro revealed that 100 million units of new oil-backed cryptocurrency would be issued. On addressing the media he said, “I have ordered the emission of 100 million petros” and that “every petro will be equal in value to Venezuela’s oil barrel”.

Direxion Asset Management LLC to build leverage funds

Once the U. S. Securities and Exchange Commission (SEC) approves, Direxion Asset Management LLC will launch leverage and inverse funds on the Intercontinental Exchange Inc’s NYSE Arca Exchange. The proposed fund would rise or fall as fast as the bitcoin price tumbles. However, U.S. SEC has not reacted to the proposal.

CNET partners with Wuxi Jingtum

The ChinaNet Online Holdings (CNET) arrived at a partnership with Wuxi Jingtum Network Technology, a Blockchain company. The shares wheeled high with gain of 8.17 at $9.34 which is recorded as the high volume of the year.