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Belarus Launches Trading Platform Enabling Customers to Buy Tokenized Securities

Newly launched Belarus-based platform will allow traders to buy shares and other traditional assets with digital currencies. Belarus has launched a trading platform that enables customers to buy tokenized versions of shares, gold and other traditional assets, Reuters reported Jan. 15. The project is reportedly backed by two companies, Larnabel Ventures and VP Capital. According to Reuters, the government of Belarus has not yet commented on the launch of the platform, but it was covered by the state news agency BelTa. The platform will allow traders to buy shares, precious metals, foreign exchange and other traditional assets from Belarus, as well as from other countries, with cryptocurrencies. Since its launch, the platform has reportedly issued 150 different types of tokens, with each corresponding to a traditional financial instrument. The company expects to eventually grow this number to 10,000. According to the Reuters’ article, the government of Belarus has exempted transactions ..

Overstock’s Security Token Trading Platform to Give Investors Control Over Token-Holdings

Overstock’s tZERO has began allowing investors to choose where to put their security tokens. The security token exchange subsidiary of e-commerce retail giant Overstock, tZERO, has started releasing control of its tokens, according to a letter to investors released on Jan. 11. Last August, the subsidiary had announced that its security token offering would close, having raised $134 million out of the maximum amount of $250 million previously specified. In June 2018, tZERO had also signed a letter of with investment company GSR Capital for the purchase of $160 million in tZERO Security Tokens. According to tZERO CEO Saum Noursalehi’s letter, investors now have the option of choosing where to hold their security tokens, either by creating a brokerage account with Dinosaur Financial Group, a tZERO partner and broker dealer, or holding them in a person wallet with a two-step verification system. He wrote: “As you are aware, on October 12, 2018 we completed the issuance of the tZERO securi..

Vinny Lingham Forecasts Bitcoin Price for Two Months Trading Between $3,000...

Bitcoin could yet break below its 2018 bottom of $3,130, the Civic CEO has warned. Vinny Lingham, CEO of blockchain identity platform Civic, has revised down his short-term Bitcoin (BTC) price prediction on Jan. 11, telling financial news network Cheddar that the cryptocurrency could fall below $3,000. In an interview, Lingham, who had previously forecast BTC/USD to trade between $3,000 and $6,000 in the coming months, said the market would either “breakout or breakdown.” “The reality is it’ll probably trade sideways between $3,000 and $5,000 for another month or two while it’s trying to find which way to go,” he said, adding: “When it finds that direction, there’ll be a breakout or a breakdown.” Lingham was speaking after Bitcoin lost its support at $4,000 to drop around $250 in a matter of minutes on Thursday. The renewed volatility had followed several days of flat movements, cancelling out gains made earlier in the week. Altcoins had reacted more intensely to Bitcoin’s move, the t..

ETC Trading Suspended On Coinbase Following Attack On Blockchain By Bad...

This morning, smartereum.com reported that the Ethereum Classic network was under a 51% attack. To protect its investors, Coinbase has stopped all deposits and withdrawals of Ethereum Classic (ETC). Reports from BlockScout and Bitfly show that over 100 blocks were reorganized on the Ethereum Classic network on Sunday. Coinbase announced that it noticed a double spend of 88,500 ETC. At current rates, this amounts to about $460,000. Ethereum Classic (ETC) Open To Potential 51% Attack On Monday, Coinness reported that one of its in-house analysts detected an abnormal hash rate on the Ethereum Classic network. There was abnormal activity going into a single mining pool. This was what caused a reorganization of already mined blocks even if the proponents of ETC initially refuted the attack, they eventually took to their official Twitter handle to affirm that there was indeed cause for concern on the blockchain. The post was as follows: “Currently, we are working with SlowMist and some othe..

Nasdaq-Powered EU Exchange Reveals Crypto Trading Pairs, Tokenized Stocks

Estonia-based DX Exchange, a platform powered by Nasdaq’s technology, has announced the crypto and tokenized stocks available to trade. Nasdaq-powered DX Exchange announced the platform’s launch and available trading pairs in a series of tweets Jan. 6. The digital trading platform uses Nasdaq’s Financial Information Exchange (FIX) protocol. As Cointelegraph previously reported, users of the exchange will be able to trade tokenize stocks in various major global companies. Another tweet on Jan. 6 announced that tokenized stocks of Amazon, Baidu, Apple, Facebook, Google, Intel, Microsoft, Netflix, Nvidia and Tesla will be available to trade on the platform. The exchange also announced support for various crypto to crypto and crypto to fiat pairs. Namely, the company revealed that Ripple (XRP) will be available to trade against Bitcoin (BTC), Ethereum (ETH), euro, yen, and U.S. dollars while Litecoin (LTC) will be available to trade against BTC, ETH, and USD. Cardano (ADA) trading will al..

UK Crypto Exchange Coinfloor to Launch Trading of Physically Delivered Bitcoin...

CoinFLEX, a unit of the U.K. crypto exchange Coinfloor, is to offer physically delivered Bitcoin, Bitcoin Cash and Ethereum futures to Asian retail investors. CoinfloorEX, a unit of the United Kingdom cryptocurrency exchange Coinfloor, has been reorganized to offer trading of physical Bitcoin futures on the Asian market. The CEO of the company has revealed this in an interview with Bloomberg on Monday, Jan. 7. The rebranded CoinFLEX — short for Coin Futures and Lending Exchange — is reportedly owned by a consortium that includes Roger Ver, an early Bitcoin (BTC) entrepreneur and the supporter of the most recent controversial Bitcoin Cash (BCH) hard fork. The consortium behind CoinFLEX also includes another early BTC investor Mike Komaransky, United States investment banking firm Dragonfly Capital, a parent company of U.K. crypto platform CoinShares and others. According to Bloomberg, the new venture will be based in Hong Kong and headed by Mark Lamb, Coinfloor’s co-founder. It will of..

US Feds Raid Tech Hub for Unauthorized Crypto Trading: Report

A Michigan-based tech hub was reportedly raided by U.S. law enforcement, allegedly investigating unauthorized crypto trading. United States federal agencies reportedly raided the office of a Michigan-based science and tech center last month during a crypto-related investigation, local news outlet Wood-TV reported Jan. 5. As Wood-TV reported, Chris Boden, the founder of The Geek Group, made a live public statement on YouTube Saturday night, which has evidently since been deleted. Boden reportedly claimed the office of his tech-oriented, non-profit organization had been raided by members of the U.S. Federal Bureau of Investigation (FBI) and the Department of Homeland Security (DHS) on Dec. 21, elaborating that computers and other equipment were taken from his the office. Wood-TV reported that Boden had stated he was “commercially trading in crypto-currency [sic] without the proper authorization.” The founder also reportedly believes he is facing federal prison time and up to $100,000 in..

XRP Trading Volume And Tweet Volume Has A Stronger Correlation Than...

If you’ve been following up in the cryptocurrency community, you’d know that XRP army is one of the most active online. Everyday, they make up for large tweet volumes on Twitter. Statistics have revealed that the tweet volume of the XRP community is closely related to the XRP trading volume. It is stronger than the correlation between tweet and trading volume of BTC and ETH. The fascinating thing about XRP supporters is that they don’t just tweet about the platform: they make moves to influence the growth and development of the platform as well. The Tie Says XRP Tweet Volume Is Strongly Related To XRP Trading Volume The Tie, the body that ran the statistics stated that spikes in XRP trade volume happen at the same time as spikes in XRP tweet volume. The post was as follows:“XRP trading volumes and tweet volumes are strongly related. Statistics show that a spike in tweet volume is usually followed by a spike in trading volume for xrp. In some other cases, a spike in trading volume wil..

Huobi Plans To Launch The First EOS-Based Crypto Trading Platform Of...

Huobi Plans To Launch the First EOS-Based Crypto Trading Platform of the Firm in the First Quarter of 2019 Huobi Group recently revealed its plans to launch the first digital currency trading platform of the firm within the first three months of next year. According to the press release which was published on the 29th of December, the trading platform will be dedicated to EOS. The trading platform will be launched by Huobi Pool – the digital currency mining arm of the firm. In a statement, the CEO of Huobi Pool – Cao Fei – said that the launch of a trading platform dedicated to EOS is “the next logical step in the support of the firm” as an EOS Block Producer (BP). EOS Can Be Traded with Other Digital Currencies According to the press release of the firm, the trading platform will allow users to trade EOS against a wide range of digital currencies. Huobi is one of the most popular digital currency trading platforms in the world. The exchange is presently the third largest digital curre..

WSJ: Bitcoin Trading at Strong Correlation with Gold as Traditional Investors...

A Wall Street Journal has suggested that Bitcoin’s correlation with “traditional” assets markets has been high in recent days. A Wall Street Journal (WSJ) article published today, Dec. 28, suggests that Bitcoin (BTC)’s correlation with traditional assets markets has been high in recent days. Citing data from research firm Excalibur Pro Inc., the WSJ states that the top cryptocurrency has traded at a 0.84 correlation to gold over the past five days, where -1 indicates complete inversion and +1 perfect correlation. Moreover, Bitcoin has traded at a 0.77 correlation to the Chicago Board of Options Exchange’s Volatility index (VIX), a benchmark index for the United States equity market volatility. While the WSJ frames the strong correlation between traditional markets and what the article dubs as the rebellious first cryptocurrency, Bitcoin, as something of an unexpected twist of fate, the article also offers several explanations as to why the pattern may have formed. The first is the rep..
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