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Crypto Markets News

Cryptocurrencies Market And FinTech Companies Are Increasingly Attracted By Luxembourg

According to Luxembourg’s Finance Minister, Pierre Gramegna, the world’s economies do have room to incorporate cryptocurrencies market, which, in his opinion, can coexist with fiat money. Also, Luxembourg is more and more attractive for cryptocurrencies and FinTech companies.

In an interview published on the Luxembourg government’s website, the official added that he does not believe that cryptocurrencies will ever replace traditional currencies due to the volatility that characterizes them and since many people will prefer to continue using fiat money.

He, therefore, predicted the coexistence of both types of currencies, a fact that would depend, in his opinion, on the cryptocurrencies regulations that would be implemented in the coming years.

In this regard, the minister recalled that in order to control the emerging market, Luxembourg was one of the first European countries to apply the same regulatory regime to cryptocurrencies exchanges as to any other classic payment companies, following the guidelines of the European Banking Authority.

Regarding the tax issue, Gramegna supports the idea of waiting for the initiatives that will be presented for the creation of a general legal and legislative framework for cryptocurrencies, both to be debated during the G20 and the Organization for Cooperation and Development (OECD) and the European Union.

Luxembourg is more and more attractive for cryptocurrencies and FinTech companies

The Minister of Finance has also highlighted the attractiveness Luxembourg has for many companies in the cryptocurrencies market and FinTech companies, which have established themselves in the European small country, that is Luxembourg, due to its strategic position and friendly legal framework.

He explained that everything is due to a process of financial diversification initiated by the government in 2013, in which crypto coins are only one of the key elements for attracting investors.

Blockchain technology and FinTech companies have also been a government priority, which is why initiatives are being taken to promote them, including the launch of the Luxembourg House of Financial Technology, which has attracted many cryptocurrencies market and FinTech investors and entrepreneurs to the country.

In this way, Luxembourg joins the list of European countries that are becoming centers of innovation, due to their policy of opening up to the emerging ecosystem, that is cryptocurrencies market and FinTech companies, as has happened in Malta, where many cryptocurrency exchange houses and blockchain technology startups have also been legally accepted.

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Crypto Markets News

SBI Virtual Currency Platform, In Partnership With Ripple (XRP), Will Launch This Summer

Ripple (XRP) is doing pretty good in cryptocurrencies markets as it gained 8% today. However, it rebounded to $0.90 but is still recording a 2.26% gain in the last 24 hours. However, SBI Virtual Currency platform has just been announced to be launched during summer. The company thinks XRP is the most innovative cryptocurrency at least in terms of the improvements it can bring to the banking and remittance institution cross-border transactions.

SBI Holdings former CEO Yoshitaka Kitao, now the President of Premium Financial Services Co., is convinced that with the institution’s commercial initiative, once the company’s cryptocurrency exchange platform is rolled out during the summer, Ripple (XRP) would rank first in terms of trading.

When we do, it will be number one in the blink of an eye so quickly, so even if a large number of customers come, we can build a system that can handle it. We have to look for security thoroughly.

Yoshitaka Kitao, ex-CEO of SBI Holdings, actually President of Premium Financial Services Co.

 

SBI Virtual Currency platform, in partnership with Ripple (XRP), will be launched this summer

Both Yoshitaka’s actual company and the SBI Holdings are acutely conscious that the overall volume of cryptocurrency transactions has been cut in half from December 2017. They are very hopeful in that they will dominate the Japanese cryptocurrencies markets in a way that is secure for crypto holders.

This would follow the outrageous hacking of Coincheck after which more than $500 million in NEM (XEM) has been stolen, in Nem (XEM), by hackers and which had the Japanese cryptocurrencies regulators seek solutions from the Japanese cryptocurrency exchanges. Thus, the challenge both Premium Financial Services Co. and SBI Holdings are embarking to is huge.

Also noteworthy is that Yoshitaka Kitao was very bullish regarding Ripple (XRP) as SBI Holdings entered into a collaboration with the Ripple group in January 2016. SBI Holdings has been in business since 1999 and has spearheaded Internet-based payments and financial solutions. Not surprisingly, the company has been the first ever to associate with the Ripple company.

SBI is committed to delivering financial services in the equity, banking, securities, insurances and now cryptocurrency exchange services, as the long-awaited SBI Virtual Currency platform has just been released in partnership with Ripple (XRP).

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Crypto News

Ripple (XRP) Price Surged As Binance Listed XRP/USDT Pair On it Cryptocurrency Exchange Platform

Binance cryptocurrency exchange reported quoting the XRP/USDT currency pair, which has caused the Ripple (XRP) to increase by 8% in only 1 hour. The listing has been great tidings for Binance traders, as the majority of XRP liquidity for Binance was represented by the XRP/BTC pair. The new trading paring facilities traders straightforward entry into a “safe haven” currency that they can resort to in the event of high volatility in the cryptocurrencies market.

Ripple (XRP) rallied 8% in just a single hour today just to come back slightly towards $0.90

CryptoCompare data reported that the XRP rallied 8% in just a single hour in cryptocurrencies markets. In all XRP markets, the volumes rose substantially to $635 million in the previous 24 hours.

Ripple (XRP) is strengthening against fiat currencies

Ripple (XRP) has publicly announced that it intends to expand the liquidity and availability of its proprietary XRP token. In so doing, it has become actively market-driven focusing on XRP to fiat currency pairings.

At the moment of this article, XRP is trading at $0.90, gaining about 2.12% in the last 24 hours. Now, with the aim of supplying a reliable liquidity pool, this, in turn, reinforces the use of the Ripple and the Ripple network solutions.

Binance cryptocurrency exchange XRP/USDT listing might reduce the correlation between Ripple (XRP) and Bitcoin (BTC)

Miguel Vias, Ripple’s XRP Market Manager, was very busy with the mission of strengthening XRP’s markets and narrowing its reliance with Bitcoin (BTC). In only one year, XRP/BTC’s overall share of the cryptocurrencies market has dropped to below 25%.

Binance’s XRP/USDT listing is expected to boost this under 20%, and Ripple’s proponents anticipate that it will diminish the powerful price link between BTC and XRP which exists at the moment.

In conclusion, Binance cryptocurrency exchange has listed the XRP/USDT pair which is expected by the Ripple (XRP) enthusiasts to diminish the correlation between XRP and Bitcoin (BTC).

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News Personal Finance

What are the Best Blood Pressure Monitors that You Can Use While Working?

Monitoring your blood pressure is something important for all the persons who suffer from hypertension. However, constant visits to the doctors can become a problem, and it is much easier to monitor your BP from the comfort of your own home.

There are numerous blood pressure monitors that can be used at home and today we are here to share some of them with you. Look below to see which are the best blood pressure monitor to buy online.

What should you look for

First of all, you should know which features you must check. For example, for many people it is very important that the monitor is able to store the readings. This can be an important thing since it allows you to compare your evolution.

Smart connectivity can be another factor when you look for a blood pressure monitor Most devices nowadays can be connected wirelessly to your tablet or mobile phone. This becomes very useful when you decide to store all your readings in one place.

There are also certain blood pressure monitors that will allow you to monitor your pressure via a smartphone app. All these things make the monitor more convenient for you.

Omron 7 series wrist blood pressure monitor

The Omron company is one of the best ones when it comes to blood pressure monitors, so buying a device from them can be a good idea. The Omron 7 series wrist blood pressure monitor is a monitor that is both accurate and reliable.

The best thing about is the fact that it is very easy to carry it with you, and it is simple to use it. You just need to position your wrist at the heart level and the monitor will also check your heart beats. The Omron 7 will inflate silently and you can use it at any time anywhere.

Panasonic EW3109W Upper Arm Monitor

The EW3109W Upper Arm Monitor is amazing if you were looking for an upper arm monitor. This device comes with a Digital Filter Sensor that is able to remove any other sounds and it will focus only on the vital pulse oscillation. This means that the blood pressure readings become more accurate.

The cuff is an Easy Fit one which means that it will be comfortable to place it around your arm. The slim design of the monitor allows you to roll the cuff around it and it becomes a lot easier to store it or carry it with you.

The Omron 10 Series Upper Arm Blood Pressure Monitor

This one is one of the most advanced monitors on the list. The Omron 10 has all the features that you might need and the blood pressure readings are very accurate. This monitor works on batteries which is convenient.

This device also comes with Bluetooth technology that allows you to connect it to your mobile phone. There is also a free Android Wellness App, as well as Omron iOS

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Crypto News

Bank Of Korea Thinks On Launching Its Official Cryptocurrency

The Bank of Korea, the central bank in South Korea, could issue a bank-specific cryptocurrency (CBDC) as part of a series of guidelines for the cryptocurrencies market which will be announced next June. The information was disseminated in the local media on May 2nd following an announcement made by the Bank.

In this regard, the publication expresses the concern of some economists with the news, as the sudden and extensive launch of an official Bank of Korea cryptocurrency would revolutionize the way in which central banks provide money to the financial system. A measure that analysts believe could destabilize traditional lenders and spur rapid bank runs, especially in periods of financial instability.

South Korea Vs. Cryptocurrencies – The very definition of “contradiction”

This interest of the Bank of Korea in issuing its own cryptocurrency is curious, as it starts just in the context of a fall in the cryptocurrencies market trade sector in this Asian country, despite the spectacular boom in 2017.

Precisely, this drop in the growth of cryptocurrency trading in South Korea is due to a series of regulations imposed by the South Korean government. These regulations included greater supervision and control over cryptocurrency exchanges in the country, total prohibition of initial currency offers (ICO), taxation of holding and trading cryptocurrency, and restrictions on the import of mining equipment.

However, according to most government spokespersons’ statements, both the previous regulatory measures and the possibility of issuing a Bank of Korea official cryptocurrency are part of the same plan to be presented in June 2018.

However, there are some contradictions. The publication mentions the words of South Korea’s Minister of Policy Coordination, Hong Nam-ki, who says they are still deciding how to regulate the cryptocurrency trading, confessing that they have not reached consensus.

The debate focuses on two opposing ideas, according to Hong Nam-ki’s statement.Namely, to ban cryptocurrency transactions within cryptocurrency exchanges, which in some ways is already implemented through existing controls, or to regulate exchanges as common use assets, which would be feasible if they were to issue a Central Bank of Korea official cryptocurrency.

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