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The fourth largest European stock exchange, SIX Swiss Exchange, will list the world’s first crypto exchange-traded product next week. Switzerland's principal stock exchange SIX Swiss Exchange will list the world’s first crypto-based exchange-traded product (ETP) next week, the Financial Times (FT) reported Saturday, Nov. 16. Backed by the Swiss startup Amun AG, the first global crypto ETP will be listed under index HODL, and will track five major cryptocurrencies: Bitcoin (BTC), Ripple (XRP), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC). According to the article, each cryptocurrency will acquire a certain market share within the upcoming ETP, with Bitcoin accounting for around half of the ETP’s assets. The rest are set to be divided in fractions, with 25.4 percent in now-second cryptocurrency XRP, and 16.7 percent in Ethereum, while Bitcoin Cash and Litecoin will acquire 5.2 and 3 percent of the market, respectively. Amun’s co-founder and chief executive Hany Rashwan co..
Major crypto markets see a slight decline, Ripple continues to show sufficient gains and hold its position as top cryptocurrency after Bitcoin. Saturday, Nov. 17: crypto markets have seen another mild decline, with losses across the top 20 coins by market cap reaching 4 percent over the past 24 hours. In contrast, Ripple (XRP), which is still holding strong as the second coin by market cap, continues to see sufficient gains as of press time, according to data from Coin360. Market visualization from Coin360 After seeing a small rebound yesterday, the largest cryptocurrency Bitcoin (BTC) is very slightly down over the past 24 hours. As of press time, Bitcoin is down less than 1 percent on the day and trading at $5,560. The major cryptocurrency has seen some volatility during the day, with its price declining to as low as $5,490, while its intraday high reached $,5,616. According to Bloomberg's research arm Bloomberg Intelligence, the cryptocurrency market “drama” is “just starting..
Both opposing camps in the so-called Bitcoin Cash "hash war" are mining at a hefty loss, according to estimates from BitMEX. In the aftermath from yesterday's Bitcoin Cash (BCH) hard fork, both opposing camps in the so-called "hash war" are mining at a hefty loss, according to a tweet from the research arm of Hong Kong-based crypto derivatives platform BitMEX today, Nov. 16. On Nov. 5, BitMEX Research announced it would be launching a network monitoring tool for both Bitcoin (BTC) and Bitcoin Cash (BCH), specifically in preparation for the widely-anticipated BCH hard fork Nov. 15. As previously reported, disagreements over a proposed network upgrade have split the BTH community into opposing factions, resulting in an intense "hash war" between miners. The two most vehemently opposed camps are Bitcoin ABC — favored by “Bitcoin Jesus” Roger Ver — and Bitcoin SV (“Satoshi’s Vision”), led by self-proclaimed Bitcoin (BTC) inventor Satoshi Nakamoto, Craig Wright. A third, more “neutra..
The project claims to be able to process the entire daily volume of the U.S. equities market, however, critics remain doubtful. On Nov. 6, the post-trade market infrastructure behemoth, the Depository Trust & Clearing Corporation (DTCC), announced that it is entering the test phase of its attempt to replatform its Trade Information Warehouse (TIW) via the use of distributed ledger technology (DLT). DTCC enters active trial phase for TIW replatformingThe move to a blockchain platform comes at a time when many financial institutions are trialling the technology. In early November, Morgan Stanley released a report updating its clients about Bitcoin and blockchain, documenting several industry giants who have either already implemented blockchain or are in the process of trialling it. The report named ING Bank, Morgan Stanley, JPMorgan, and several other as being in the various stages of trials. The DTCC’s attempt to shift its TIW to the blockchain is an ambitious project due to the fact ..
For the past 48 hours, cryptocurrencies have been falling significantly against the USD. Starting with the leading cryptocurrency per market capitalization, Bitcoin. The bloodbath is said to be related to the Bitcoin Cash Fork. Yesterday, the price dip only got worse with Bitcoin (BTC) reaching a low of $5,400. The total market capitalization for all cryptocurrencies fell as low as $174. This price swing comes after months of relatively low price volatility. Bitcoin (BTC) Price Today – BTC / USD Name Price24H (%)$5,620.78 2.09% Almost all the top 20 coins are suffering significant loses against the USD. Basking in the bearish wave, XRP was able to overtake ETH as the second largest cryptocurrency per market capitalization. XRP gained by 2.2% before the end of trading yesterday. It traded at $0.464 even if it reached an intraday low of & 0.43. The support at $0.50 held the price firmly. Today, XRP is trading in green at $0.473369. This shows that it is up by 4.32% against the USD and..
Major cryptocurrencies continue to see losses after yesterday’s drop in markets, XRP has overtaken Ethereum as the number two coin by market capitalization. Thursday, Nov. 15: yesterday's fall in crypto markets continues today, with Bitcoin (BTC) dipping below the $5,400 mark, and total market capitalization dropping as low as $174 billion, according to data from CoinMarketCap. After an extended period of low price volatility, crypto markets experienced a massive decline yesterday, Nov. 14, with Bitcoin dropping from its average trading price of around $6,400 to as low as $5,506. The recent dive has marked a new volatility record for markets this year. According to BitMEX Daily Historical Bitcoin Volatility Index, Bitcoin volatility rate has exceeded the index of seven for the first time since April this year. BitMEX Daily Historical Bitcoin Volatility Index. Source: BitMEX While top 20 cryptocurrencies by market cap are seeing more losses with some coins down almost five percen..
The prestigious State Tretyakov Gallery in Moscow is launching a blockchain-based art patronage scheme. The prestigious State Tretyakov Gallery in Moscow, Russia, is launching a blockchain-based art patronage scheme, Russian news agency TASS reports Nov. 15. The project, dubbed “My Tretyakov,” allows individuals or enterprises to make a private donation to contribute to the digitization of an item from the gallery’s collection, thereby become the artwork’s patron. The system, developed with business innovation collective RDI Digital, uses blockchain technology to assign and manage the patronage structure. According to a press statement from the gallery: "The donation amount is still under discussion. The system randomly selects which storage unit (electronic copy of an object of art) will be considered digitized using this cartridge, and links the name to the object. The connection of the name or company name to the digitized exhibit is fixed using blockchain technology[.]” A presenta..
Crypto exchange KuCoin has seen three lead investors contribute to its Series A funding round. Hong Kong-based international cryptocurrency exchange KuCoin has closed a Series A funding round worth $20 million, the company confirmed Nov. 14. Led by IDG Capital, Matrix Partners and Neo Global Capital, the funds will go towards the release of KuCoin’s 2.0 platform, expansion into new markets, research and more. “We will continue to spare no effort in exploring the best hidden gems in the crypto world while growing exponentially on a global scale and, more importantly, solidifying our position as ‘The People’s Exchange,’” officials commented in the release. Strategically affiliated with Chinese blockchain platform NEO, Neo Global Capital has made various investments in blockchain startups in recent months, including South Korean music project Muzika in September. KuCoin marks a further step in the continued divergence of Hong Kong’s cryptocurrency sector from mainland China, businesses s..
A South Korean hospital plans to use blockchain tech for cross-hospital healthcare information exchange. One of the South Korea's largest hospitals has partnered with a local tech company to develop a medical services platform based on blockchain technology, according to the hospital’s official press release Nov. 12. Myongji Hospital, located in the city of Goyang, South Korea, has signed a Memorandum of Understanding (MoU) with Korean IT company BICube, which markets itself as a machine learning platform. The two parties plan to use blockchain technology to create a healthcare information exchange system. According to the hospital’s release, the aim of the project is to “build a hybrid cloud [platform] that combines a public cloud and a private cloud.” The medical information exchange service’s hybrid cloud functionality will allow patients to share sensitive medical data with other medical institutions upon authorization, without the data being stored centrally. According to th..
Great Lakes Science Center, a major museum and educational center in Cleveland, Ohio, is accepting Bitcoin as payment from visitors as of today, Nov. 13. Great Lakes Science Center, a major museum and educational center in Cleveland, Ohio, is accepting Bitcoin (BTC) as payment as of today, Nov. 13. Local business news source Crain’s Cleveland Business (CCB) reported on the development Nov. 9. According to SpendBitcoins USA – a directory of retail merchants that accept Bitcoin as payment – at least two other U.S. museums already accept the cryptocurrency from visitors – the Museum of the Coastal Bend in Texas and St. Petersburg Museum of History in Florida. The Ohio museum’s acceptance of Bitcoin comes just two weeks ahead of a forthcoming inaugural Blockland Solutions Conference in early December, with the museum’s president and CEO Kirsten Ellenbogen saying in a statement that “accepting bitcoin is just a small part of the momentum to grow a blockchain ecosystem in Cleveland." The bo..