FINTECH MINING REVIEW OF THE MARKET AUGUST 20, 2018

MARKET UPDATE

UK TRADING PLATFORM CRYPTO FACILITIES LAUNCHES BITCOIN CASH DERIVATIVES

Last Friday, UK-based cryptocurrency futures exchange Crypto Facilities has added Bitcoin Cash (BCH) to its list of derivatives offering. In accordance with the official statement, the BCH futures contracts allow traders to long or short futures contracts that have BCH as underlying collateral. The company stated:

“We are pleased to be expanding our cryptocurrency derivatives offering with the launch of BitcoinCash futures. BCH is a top five coin with a market capitalisation of around $10 billion and we expect our new contracts to spur the evolution of the crypto markets by bringing greater liquidity and transparency to the digital asset class.”

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CRYPTO EXCHANGE HUOBI ANNOUNCES FIVE PARTNERSHIPS TO FURTHER ITS EXPANSION EFFORTS

Last Thursday, cryptocurrency exchange Huobi announced a partnership with five companies to expand its operations. Reportedly, the company has partnered with Asia Financial Holdings, Chi Fu Group, Dbank Group, Yatai International Holding Group, and Vnesheconombank, which will use the company’s Huobi Cloud platform to build and deploy cryptocurrency exchanges. David Chen, a senior business director at Huobi, stated:

“Together with Huobi Cloud’s corporate partners, we can offer a lower barrier for emerging economies to enter and participate in the burgeoning blockchain ecosystem”

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.

COINBASE FILES PATENT TO MAKE DIRECT BITCOIN PAYMENTS MORE SECURE

Cryptocurrency exchange Coinbase recently filed a patent application that aims to protect a secure method of buying goods and services with Bitcoin (BTC). On the patent filled, Coinbase noted that they have found a way to provide users with a payment channel that would let them make BTC payments directly from their wallets instead of having to use a third-party Bitcoin payment processing service like BitPay. The company explained:

“It may be a security concern for users that the private keys of their bitcoin addresses may be stolen from their wallets. Existing systems do not provide a solution for maintaining security over private keys while still allowing the users to checkout on a merchant page and making payments using their wallets.”

Thank you for reading this FinTech Mining Review of The Market August 20, 2018.

Bitcoin — is up 1.45% at $6,461.730 with a volume of Ƀ39.6k — $256.3M on the USD pairs.

Bitcoin Cash — is up 0.06% to Ƀ0.0867 with volumes of Ƀ11.3k and up 1.34% against the dollar at $558.82.

Zcash — is down 1.72% for the day to Ƀ0.02172 per ZEC and down 0.7% against the dollar to $139.88 with an average volume of Ƀ3.1k for the 24 hour period.

Litecoin — is up 0.27% against the dollar for the day at $56.66 and down 1.07% to Ƀ0.008777 on volumes of Ƀ9.2k.

Dash — is down 0.5% at Ƀ0.02377 with Ƀ3.7k volume and up 0.73% against the dollar at $153.07.

Monero — is up 2.06% against the dollar at $97.83 and up 0.8% against Bitcoin at Ƀ0.01519 on volumes of Ƀ1.9k.

Originally posted: FINTECH MINING REVIEW