Fintech mining review of the market august 30, 2018
MARKET UPDATE
BITTREX LAUNCHING USD MARKETS FOR CARDANO (ADA) AND ZCASH (ZEC)
Yesterday, U.S. based cryptocurrency exchange Bittrex announced that it is planning to launch two new USD trading pairs. According to an official tweet, the exchange will launch US dollar (USD) markets for Cardano (ADA) and Zcash (ZEC) on the 5th of September. Currently, Bittrex supports USD trading pairs for BTC, ETH, USDT, TUSD, XRP, ETC, ADA, and ZEC and plans to continue adding more tokens/coins. Bittrex’s CEO, Bill Shihara, stated:
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“As an incubator and leading advocate of blockchain technology, Bittrex is committed to listing tokens that not only have the best business applications, but also are the most innovative blockchain projects in the world. Expanding fiat markets to the top digital currencies on our exchange should further drive adoption of this revolutionary technology…”
In this FinTech Mining Review we have covered analysed report of what happens in the market, so you don’t have to worry if you haven’t been able to see it live.
BITHUMB TO REOPEN ACCOUNT REGISTRATIONS AFTER RENEWING CONTRACT WITH NONGHYUP BANK
Yesterday, local news outlet Naver, revealed that Bithumb will be reopening new account registrations following a contract renewal with Nonghyup Bank. The reopening of new account registration will mark the first time the exchange will allow new virtual accounts since the suspension of the service on the 31st of July after it experienced a major hack in June, which resulted in the loss of over $30m of user’s funds. Under current legislation, South Korea banks are allowed to provide accounts for crypto exchanges, but for KYC-AML (Know your customer-Anti-money Laundering) purposes, ensuring that all virtual accounts for each user are paired with their verified identities.
Thank you for reading this FinTech Mining Review of The Market August 22, 2018.
CRYPTO EXCHANGE HUOBI ACQUIRES PUBLIC FIRM FOR $70 MILLION
Yesterday, Pantronics Holdings, the acquired firm, released a statement that Huobi Group completed the deal by having purchased about 199 million of its shares via two of the group’s subsidiaries, Huobi Capital and Huobi Universal. Crypto exchange Huobi becomes the largest shareholder of the public firm listed in Hong Kong. With that amount, Li Lin, chairman of Huobi Group and controller of the two subsidiaries, now owns 66.26 percent of Pantronics and is effectively the largest individual substantial shareholder.
Thank you for reading this FinTech Mining Review of The Market August 30, 2018.
Bitcoin — is down 1.01% at $6,999.880 with a volume of Ƀ51.9k — $366.6M on the USD pairs.
Bitcoin Cash — is down 0.49% to Ƀ0.07848 with volumes of Ƀ14.5k and down 1.53% against the dollar at $547.75.
Zcash — is down 2.27% for the day to Ƀ0.02111 per ZEC and down 3.23% against the dollar to $147.43 with an average volume of Ƀ3.2k for the 24 hour period.
Litecoin — is down 2.32% against the dollar for the day at $60.51 and down 1.21% to Ƀ0.008666 on volumes of Ƀ10.7k.
Dash — is down 6.2% at Ƀ0.02604 with Ƀ6.1k volume and down 6.48% against the dollar at $181.82.
Monero — is down 5.74% against the dollar at $100.99 and down 3.6% against Bitcoin at Ƀ0.01448 on volumes of Ƀ1.7k.
FinTech Mining Review of The Market August 30, 2018
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