FINTECH MINING REVIEW OF THE MARKET DECEMBER 12, 2018- MARKET UPDATE
WINKLEVOSS TWINS LAUNCH THE GEMINI MOBILE APP
Yesterday, Gemini Trust Company, the cryptocurrency exchange and custodian founded by Cameron and Tyler Winklevoss, announced that it had launched a new mobile app (available for iOS and Android). In a press release, Cameron Winklevoss, the President of Gemini, stated:
“We’ve spent the last three years building the world’s most trusted cryptocurrency platform and today we are excited to extend it into the hands of our customers. Cryptocurrency never sleeps so it’s important for us to make it easy for our customers to engage with it wherever they are and whenever they want.”
DUTCH CENTRAL BANK WANTS TO REGULATE CRYPTO COMPANIES
According to a short brief published yesterday, in the Dutch daily newspaper De Telegraaf, the Dutch Central Bank wants to regulate crypto companies by requiring them to get licenses in order to operate. Fintech Mining Review provides the best reviews about the cryptocurrency market. The bank claims the measure will deter money laundering and the use of cryptocurrencies to fund terrorism. On the press release, the bank stated:
“Cryptocurrencies can be used almost anonymously and are therefore prone to money laundering. This must change with a permit requirement. To qualify for a license, for example, providers need to know who their customers are and report unusual transactions. The Dutch Central Bank (DNB) will monitor this.”
In this FinTech Mining Review we have covered analyzed report of what happens in the market, so you don’t have to worry if you haven’t been able to see it live.
SAMSUNG FILES FOR CRYPTOCURRENCY TRADEMARKS IN THE EU FOR SMARTPHONES
Electronics giant Samsung has filed applications for three blockchain-related trademark requests for smartphones. Based on the descriptions provided by the company, the three European trademark requests relate to providing crypto custody services on smartphones, which indicates that Samsung may be planning to make its entry into the ‘blockchain smartphone’ market following the recent release of HTC’s Exodus 1 and Sirin Labs’ FINNEY, both of which also offer crypto custody.
The timing of the news again underlines the fact that despite the well-documented woes of the crypto market in 2018, a number of influential businesses like Samsung and HTC believe that cryptocurrencies and blockchain technology will be key growth drivers going forward, and are investing accordingly. Please check out the FinTech Mining Review section for more information.
Bitcoin — is down 1.04% at $3,431.960 with a volume of Ƀ68.8k — $234.1M on the USD pairs.
Bitcoin Cash — is down 2.09% to Ƀ0.03002 with volumes of Ƀ5.9k and down 3.39% against the dollar at $95.78.
Zcash — is down 1.73% for the day to Ƀ0.01591 per ZEC and down 2.59% against the dollar to $55.39 with an average volume of Ƀ13.1k for the 24 hour period.
Litecoin — is down 0.94% against the dollar for the day at $24.14 and up 0.2% to Ƀ0.007069 on volumes of Ƀ24.1k.
Dash — is down 4.31% at Ƀ0.01885 with Ƀ23.9k volume and down 5% against the dollar at $65.55.
Monero — is down 2.28% against the dollar at $43.63 and down 1.48% against Bitcoin at Ƀ0.01264 on volumes of Ƀ1.8k.
Thank you for reading this FinTech Mining Review of The Market December 12, 2018.
