Tag: Cryptocurrency Trading

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Crypto News

Neteller Electronic Payment Service Launched A Cryptocurrency Trading Platform

The electronic payment service Neteller now offers its users the option to buy and sell cryptocurrencies on its platform. Since last Friday, October 19th, Neteller launched a cryptocurrency trading platform which only deducts 1.5% commission per transaction in US Dollars or Euros and 3% for exchanges involving other cryptocurrencies.

According to the official press release, the electronic payment service Neteller supports Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), and Litecoin (LTC) crypto wallets. Neteller users can purchase cryptocurrencies with 28 fiat currencies available on the platform, without requiring additional verifications.

In the words of Lorenzo Pellegrino, CEO of Neteller and Skrill, the initiative aims to connect cryptocurrencies with fiat money through an “efficient and user-friendly” platform. However, the service is not currently available in all the countries with which Neteller processes transactions.

The implementation of the service of cryptocurrencies trading on Neteller responds to a corporate movement announced by PaySafe, the financial group behind Neteller and Skrill. This service, which opens the PaySafe market to users of cryptocurrencies, was first introduced in Skrill’s virtual wallet in July of this year.

Neteller electronic payment service added cryptocurrency trading option for its customers, following the example of Skrill

Also, the Skrill digital payment processor allows users to make exchanges between cryptocurrencies and fiat coins. That, in addition to allowing transfers of cryptos between users, a feature that has not been yet implemented by Neteller.

Likewise, the Neteller service has a minimum requirement per purchase or sale equivalent to 10 US Dollars/Euros. In addition to that, users will be able to access the Neteller cryptocurrency trading platform from both the mobile application and the Neteller website.

However, Neteller did not state which crypto exchange rates it would adopt for its platform. Instead, the electronic payment service assures that “it will be a competitive rate comparable with the main crypto exchange platform on the market.”

PaySafe’s corporate movement aims at diversifying services linked to cryptocurrencies, similar to Coinbase’s electronic gift card project with cryptos. Both initiatives take place months after Visa suspended the use of debit cards backed with cryptocurrencies worldwide.

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Crypto News Tech

Yahoo Finance Added Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) Trading On Its Platform

Yahoo Finance incorporated cryptocurrency trading through its platform, on which Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) can now be traded. The new service was launched on August 29th through the interface of the portal specialized in financial information, which previously only offered statistics on the prices of the main cryptos.

In order to make a purchase or sale crypto assets, interested parties must, at first, register with Yahoo Finance and create an account as they do on any regular cryptocurrency exchange platform. In this regard, the portal highlights the new option in its interface and informs the public that individuals can trade digital assets with any broker across the United States.

About this new option, the founder of Litecoin, Charlie Lee, announced on his Twitter account, where he highlighted the marketing of Litecoin (LTC) through this platform.

Yahoo Finance added Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) trading on its platform

In this way, Yahoo Finance paved the way for cryptos to a wider public, taking into account that by 2010 Yahoo Finance had an audience of more than 23 million visitors. The platform is part of the Yahoo network and provides financial news, data, and news including stock quotes, press releases, financial reports, and original content.

Because it is a recognized brand, associating its image with cryptocurrencies market makes it a fast channel for promoting greater cryptocurrency adoption.

This vision is shared by several members of the ecosystem, who have also expressed their enthusiasm for this initiative, which is seen as an essential step in the cryptocurrency adoption process. In this sense, Anthony Pompliano, founder of Morgan Creek Digital, said that the recent interest in cryptos “is a virus that is spreading.”

Currently, Yahoo Finance only added Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) trading, but could add some more digital assets in the future.

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Crypto Markets

Coinbase Cryptocurrency Exchange Acquires Paradex Cryptocurrencies Trading Platform

Coinbase, the renowned cryptocurrency exchange platform, has made another move to hold a larger share of the growing cryptocurrencies market. Accordingly, Coinbase acquires Paradex cryptocurrency trading platform.

Thus, it is righteous to think that the leading cryptocurrency exchange platform in the United States has acquired the Paradex cryptocurrency trading platform to gain a wider market share in cryptocurrency trading and spread its dominance in the cryptocurrencies market.

The amount paid by Coinbase for the acquisition of Paradex remains unknown, at this moment.

Coinbase acquired Paradex and will soon support a larger number of cryptocurrencies

Paradex permits its customers to trade currencies directly between themselves through the use of digital wallets, rather than via a centralized cryptocurrency exchange platform such as Coinbase, that keeps tokens in safekeeping on behalf of its clients..

At this moment, Coinbase is only offering operations in the four largest cryptocurrencies, namely Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).

Additionally to these, Coinbase will take advantage of the Paradex platform which makes it easy to trade in hundreds of cryptocurrencies.

As a result of the acquisition, the number and types of cryptocurrencies that clients can exchange and trade with the Coinbase cryptocurrency exchange platform will expand substantially.

The purchase of Paradex is meant to help Coinbase attract more institutional investors

As we speak, Coinbase is the most popular and appreciated cryptocurrency exchange platform in the United States, as well as in other places in the world. However, Coinbase’s team wants more from the platform as to attract more institutional investors.

The acquisition of Paradex cryptocurrency trading platform might be a step forward in this direction as the Paradex platform is offering the possibility of trading in about a hundred cryptocurrencies and will now become, thanks to Coinbase, active on the US market which would’ve been an impossible task, otherwise, due to SEC regulations.

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Crypto Markets

Blockchain Technology In China Got The Support Of The Ministry Of Industry And Information Technology

China’s Ministry of Industry and Information Technology expects 2018 to be another important year for investment in the blockchain technology, as in the last five months about 250 investment agreements have been registered in companies dedicated to developing technology based on the blockchain, highlighting the first quarter of this year with 68 investments in the industrial sector. All these thanks to the cryptocurrency trading that survives in China despite the strict regulations.

According to the China Money Network, the ministry reported that 250 agreements have already been registered this year, a figure that represents more than double the number of agreements signed last year, with nearly 100 investment operations carried out throughout 2017, a number that translates the interest in technology into facts.

There are currently 456 companies registered in China that are dedicated exclusively to developing blockchain technology

Of these 456 companies, 295 are focused on developing solutions for different economic sectors, while 86 companies based in China are dedicated to providing services to the financial industry, according to a report from the Chinese ministry.

In addition, the number of projects focused on building blockchain infrastructure reaches 40 startups.

However, the report states that the blockchain sector is still at an early stage, as the investments were not long-term. A fact they expect to happen later, so the bet is to increase investments.

It is important to note that Chinese officials have been studying blockchain technology development in China for years. In fact, two weeks ago they published an index that ranks the main chains of blocks in the ecosystem, based on the applicability, free access, and transparency.

Cryptocurrency trading survives in China despite the strict regulations

These efforts and reports speak about the Chinese government’s interest in taking sides in the development of blockchain technology, even though cryptocurrency trading survives the hostile policies coming from the part of regulatory agents.

It should be noted that since September 4th, 2017, the Initial Coin Offers (ICO) in China have been banned, a regulatory decision that was followed by the announcement of the closure of all national and international cryptocurrency exchange operators.

However, a government spokesman told CCTV, China’s state-owned TV station, that the ICO operations are still “rampant” throughout China despite these bans.

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Crypto Markets News

eToro Trading Platform Is Now On The US Market And Plans On Implementing Its Own Cryptocurrency Wallet And Exchange

eToro, which runs an online social trading platform, reported some exciting breakthroughs at the blockchain conference, the Consensus 2018, held in New York earlier this week. eToro company’s CEO and founder, Yoni Assia, reported that the company is now extending its operations into the United States and that it will launch a cryptocurrency wallet and a cryptocurrency exchange office in by the end of 2018.

“Consumers around the world should have access to the tools they need to participate in cryptocurrencies market, regardless of their expertise,” said Assia.

eToro online trading platform conducted a financing round to raise funds needed to emerge on the US market

eToro finished a $100 million fund-raising round last March that, as eToro’s representatives reported, it was destined to the platform’s extension to the new US market, blockchain R&D, and the digitization of its holdings. The company’s closest sources stated that the financing round included a company valorization of $800 million. The round was conducted by China Minsheng Financial and included Korea Investment Partners, SBI Group, and World Wide Invest participation.

eToro aims to bring more crypto enthusiasts to the platform by adding its own cryptocurrency wallet and cryptocurrency exchange

eToro was created in 2007 by brothers Yoni and Ronen Assia and David (Dudu) Ring. The online trading platform is officially described by its founders as a ” social network for investors” where traders are welcomed to trade commodities, securities and cryptocurrencies and permits traders to talk about their investments, observe what other investors are trading, and adapt or simply copy the more experienced traders’ investments strategies.

According to eToro statistics, the trading platform serves more than 10 million customers from over 140 countries.

According to the future eToro’s plans, the company aims to bring more crypto enthusiasts to the platform as its CEO and co-founder Yoni Assia admitted that eToro will launch its self-operated cryptocurrency wallet and cryptocurrency exchange. As reported, these two new features will be available by the end this year.

In the meantime, the US crypto enthusiasts can trade cryptocurrencies freely as eToro became official in the US.

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