Grayscale Gets FINRA Approval to Offer Ethereum Trust to Individual Investors

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Grayscale Gets FINRA Approval to Offer Ethereum Trust to Individual Investors
Under the approval from FINRA, Grayscale’s Ethereum Trust (ETHE) will be available for retail investors which is a positive sign for the entire industry.
Grayscale Gets FINRA Approval to Offer Ethereum Trust to Individual Investors

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Source: CoinSpeaker

Ethereum Beats EOS & Tron to Emerge as Top Smart Contract Platform in April

The first smart contract platform Ethereum has proven its worth in the industry by emerging as the top smart contract platform by far in the month of April. The project attracted a total of 263,000 visitors within the month whose total transaction volume amounted to over $500 million.
Ethereum leads in both aspects
Transaction volumes of smart contract platforms
Ethereum recorded the highest transaction volume and number of visitors as well, followed by EOS which had a transaction volume of $115 million and a number of visitors at 68,000. Apart from these two, there is no more consistency in the two metrics. For instance, ADA had the next highest transaction volume of $113 million but with a much lower number of visitors at only 8,000 than it runner up, TRX. TRX, on the other hand, had a lower transaction volume of $27 million but a significantly higher number of visitors (68,000) than EOS.
The inconsistency also follows for NEO with a relatively high transaction volume of $26 million with only 4,000 visitors, XEM with $12 million transaction volume and only 9,000 visitors while ETC had only $10 million with 14,000 visitors.
The implication of differences in transaction volumes
The statistics show that Ethereum was by far the preferred smart contract platform within the month, beating its first runner up (EOS) by nearly $400 million in transaction volume. For ADA, a small number of visitors (8,000) carried out significantly high-value transactions which placed in it the third place while TRX needed a relatively large number of visitors for the relatively small volume that placed it in the third place. This means the transaction volume of smart contract platforms is not determined by the number of visitors but rather by how much their transactions are worth.
Although Tron’s Justin Sun often bragged about his platform surpassing Ethereum, the latest data suggests otherwise as Ethereum is clearly the preferred platform both by the number of visitors and their transaction volumes. Ethereum may be regaining its popularity and position as the lead smart contract platform and who knows? It may be why Sun wants to collaborate with it.
The post Ethereum Beats EOS & Tron to Emerge as Top Smart Contract Platform in April appeared first on Coingape.
Source: CoinGape

Binance Research: XRP Best Diversifier, Bitcoin and Ethereum Most Correlated

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Binance Research: XRP Best Diversifier, Bitcoin and Ethereum Most Correlated
Binance published their new Research Report in which they took on a different approach in understanding crypto assets. The research showed Bitcoin and Ethereum move in lockstep and the XRP price is the least correlated to other top cryptoassets.
Binance Research: XRP Best Diversifier, Bitcoin and Ethereum Most Correlated

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Source: CoinSpeaker

Rothschild-Linked Oil Tycoon Frank Timis Creates Ripples in Bitcoin Mining Pool

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Rothschild-Linked Oil Tycoon Frank Timis Creates Ripples in Bitcoin Mining Pool
Argo Mining has welcomed Frank Timis – a new whale coming from the oil and gold industries with formidable ties with the Rothschild Bank aiming to cause ripples in the nascent market.
Rothschild-Linked Oil Tycoon Frank Timis Creates Ripples in Bitcoin Mining Pool

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Source: CoinSpeaker

Crypto Market Wrap: Ethereum Classic Pumps 25% as Hard Fork Proposal Proceeds

Crypto markets still moving up; Litecoin, Bitcoin Cash and Ethereum Classic leading the way.
Market Wrap
The momentum has continued throughout the weekend and crypto markets remain buoyant this Sunday. More movement from Bitcoin has pushed total market capitalization up towards $180 billion which is the highest it has been since November.
Bitcoin is up again as it reached a high of $5,200 before a slight pullback. The 2.5% gain on the day has taken BTC prices to $5,150 as volume builds back up and market cap reaches $90 billion. Since last weekend Bitcoin has gained a staggering 25% and optimism has returned for now.
Ethereum has had a minor run on the tails of its big brother and another 2% has taken ETH price to $168. Ethereum faces strong resistance over $170 but a break could send it all the way up to $200. XRP has pulled back from its rally at the end of the week and is back at $0.36 as the gap to ETH widens to over $2 billion in market cap.
The top ten is all in the green during today’s Asian trading session. Litecoin is leading the pack as it jumps 8.5% on the day to reach $95. Three figure LTC is not far away now and this altcoin has been one of the year’s top performers so far over doubling in price. Bitcoin Cash is also doing well at the moment with a gain of 8% taking it to $312. These two again are the clear leaders as the rest add a percent or two.
The top twenty’s big pump is Ethereum Classic which has surged 25% to just below $7. Volume has over doubled from $350 to $800 million. A proposed hard fork called Atlantis as specified in ECIP-1054 may be driving momentum for ETC.

Around a dozen #EthereumClassic contributors, developers, pool & node operators joined today's preliminary meeting covering ECIP-1054 Atlantis, even EF's @virgilgr joined the chat.
Re-Watch ECIP-1054 Community Meeting—Atlantis & #SpuriousDragon Upgradeshttps://t.co/13Tzs687VI
— Ethereum Classic (@eth_classic) April 5, 2019

The rest of the altcoins in the section are currently mixed with minor gains or losses today.
FOMO: Ethereum Classic Crushing it
ETC is the top performing altcoin in the top one hundred today. It has reached a new high for 2019 and is heading back towards price levels before November’s big dump. Ravencoin is back pumping again as it gets a 17% surge on the day as the fomo sends RVN to a new all-time high of $0.072 or 1400 satoshis. Augur is also getting a big move of 13% at the moment.
Getting dumped is Maximine Coin following a previous pump as usual. MXM has dropped 12% on the day. IOST and Aurora are also both dumping with 8% shed at the time of writing.
Total market cap 24 hours. Coinmarketcap.com
Total crypto market capitalization has reached $180 billion, up $5 billion from this time yesterday. Daily volume is still high at $60 billion and momentum has seen most altcoins lifted to their highest prices for 2019. The trend at the moment is bullish but it remains to be seen if this action can be sustained for the longer term.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
The post Crypto Market Wrap: Ethereum Classic Pumps 25% as Hard Fork Proposal Proceeds appeared first on NewsBTC.
Source: New feedNewsBTC.com

Ripple-Powered XRPL Labs Set to Launch New XRP Payments App

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Ripple-Powered XRPL Labs Set to Launch New XRP Payments App
XRPL Labs, a startup backed by Ripple, wants to make the process of accepting XRP easier for merchants as a mainstream option. The company has designed a payments app that will act as the transition that they need as a point-of-sale system.
Ripple-Powered XRPL Labs Set to Launch New XRP Payments App

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Source: CoinSpeaker

Coinbase Custody Launches Staking Support for Tezos

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Coinbase Custody Launches Staking Support for Tezos
San Francisco-based cryptocurrency exchange Coinbase announced Friday an expansion of its custody business to help its clients squeeze more yield out of the assets stored on its platform. Tezos chosen as their first staking asset.
Coinbase Custody Launches Staking Support for Tezos

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Source: CoinSpeaker

Yet Another Cryptocurrency Wins Listing on Coinbase Pro

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Yet Another Cryptocurrency Wins Listing on Coinbase Pro
Coinbase adds Stellar Lumens to its professional trading service Coinbase Pro. Initially, XLM trading will be only available for customers in Coinbase’s supported jurisdictions, expect the state of New York.
Yet Another Cryptocurrency Wins Listing on Coinbase Pro

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Source: CoinSpeaker

eToro Launches Crypto Trading Platform Across 30 States in the U.S

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eToro Launches Crypto Trading Platform Across 30 States in the U.S

With the U.S. being one of the most active markets for crypto trading, eToro plans its expansion to seize new underlying opportunities.

eToro Launches Crypto Trading Platform Across 30 States in the U.S

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Source: CoinSpeaker

TradingView Lists Its First Crypto Index, the Huobi HB10

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TradingView Lists Its First Crypto Index, the Huobi HB10

The Huobi HB10 crypto index tracks a number of top digital currencies based on their market cap and liquidity.

TradingView Lists Its First Crypto Index, the Huobi HB10

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Source: CoinSpeaker

Bitcoin Cash, Litecoin and Ethereum Classic Lose Support From the Thai SEC: Expert Opinion

While the crypto markets are slowly maturing and becoming recognized across the globe, there are still vast differences in the way that each country handles them. Some are taking a more supportive stance and some are unfortunately not. Amongst all, the Thai regulator Securities and Exchange Commission (SEC) has removed BCH, LTC, and ETC from the list of accepted cryptocurrencies
Bitcoin, Ethereum, XRP, and Stellar Lumens have been reaffirmed
While the report has come to a shocker for the three coins that have lost support- BCH, LTC, and ETC- the report has reaffirmed support for Bitcoin, Ethereum, XRP, and Stellar Lumens. More specifically, the SEC has made it clear to specify that this support is referring to issuing tokens on top of those respective blockchains (ICOs) and using these cryptos as a base pair for trading at exchanges. Meaning, that it is now illegal to issue an ICO on the Litecoin blockchain and exchanges are banned from allowing pairs like ETC/XXX.
Although the ban has come in it is less likely to have a real-time impact as of the three cryptos that have seen support removed, none of them are currently being used for ICOs nor are they being used by exchanges as a base currency. Overall, Thailand has been a fairly small market for cryptos so in any case, the impact of this announcement of the coin prices would be really negligible.
But what’s interesting here is that even after being a small market the, Thai regulator has actually doe their homework and getting into specific cryptos almost like an investor might.
Only time will tell if this strategy will pay off but what is clear is that they may be creating more work for themselves as they may need to update the status of individual coins based on market forces. Should any single crypto asset gain or lose ground in the market, they could be forced to update their policy. Also, they’ve only weighed in on 7 cryptos, leaving the rest with a big question mark.
Will other countries all go the Thai way of individual coin regulation? Do let us know your views on the same.
The post Bitcoin Cash, Litecoin and Ethereum Classic Lose Support From the Thai SEC: Expert Opinion appeared first on Coingape.
Source: CoinGape

New Trading App BuySellHODL Launches Proprietory Price Targets and Crypto Ratings Feature

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New Trading App BuySellHODL Launches Proprietory Price Targets and Crypto Ratings Feature

BuySellHODL, a revolutionary new trading app, has recently launched its first-of-its-kind price target features and crypto ratings based on a proprietary approach.

New Trading App BuySellHODL Launches Proprietory Price Targets and Crypto Ratings Feature

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Source: CoinSpeaker