SmileDirectClub Shares Go Down 28% below Their IPO Price

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SmileDirectClub Shares Go Down 28% below Their IPO Price
Teeth-straightening provider SmileDirectClub late Wednesday announced that its class A shares were priced at $23 a share, slightly above the $19- to $22-a-share range it had said it would be targeting. But yesterday its shares went down.
SmileDirectClub Shares Go Down 28% below Their IPO Price

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Source: CoinSpeaker

Nasdaq Lists New Index for Decentralized Finance Projects Called Defix

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Nasdaq Lists New Index for Decentralized Finance Projects Called Defix
Nasdaq’s Defix index will offer real-time tracking of crypto assets of different blockchain projects like MakerDao, Augur, Gnosis, Numerai, 0x and Amoveo.
Nasdaq Lists New Index for Decentralized Finance Projects Called Defix

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Source: CoinSpeaker

Is DeFi The Future of Crypto Finance? Some Big Industry Names Think So

The hot potato in the world of crypto at the moment is decentralized finance. Satoshi’s original notion of cutting out the bankers is now possible in this new world of digital assets and DeFi protocols. The industry is still embryonic but some of the bigger names in the world of crypto and finance are finally paying attention.
Crypto Wealth Management Built on ETH
By definition decentralized finance is a movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries. In essence it is doing away with the banks and middlemen to allow people to manage their own wealth on autonomous networks governed by smart contracts.
DeFi is currently dominated by DAI which is a decentralized hard asset backed, dollar pegged stable coin.  DAI, and the MakerDAO platform uses margin trading to respond to changing market conditions while preserving its value against the major world currencies. Maker is a smart contract platform on the Ethereum blockchain that backs and stabilizes DAI through a series of dynamic feedback systems called Collateralized Debt Positions (CDPs).
By depositing ETH, people can borrow stable DAI to make other investments without risking the loss of ETH, which is what happened to most during the ICO boom. Essentially it is a crypto credit facility that can issue loans at certain interest rates. Stakers are also able to use it to generate interest while protecting their stake. Industry observer Alex Saunders noted that in a world of negative interest rates DeFi could be the answer …

Imagine #Defi Apps offering 10%pa in a world of negative interest rates. Accessing stocks, commodities & tokenised assets. Portfolios auto rebalance. Smart contracts allow custody & insurance. No middlemen taking fees. The future of wealth management is being built on #Ethereum. pic.twitter.com/Crcfm3OjhO
— Alex Saunders (@AlexSaundersAU) September 10, 2019

Maker is not the only DeFi platform out there but it is the most popular at the moment. Two others have recently be noticed by crypto exchange giant Coinbase which announced a new fund to invest in the fledgling industry.
Coinbase Invests in DeFi
In a company blog post yesterday, Coinbase stated that it aims to encourage growth in DeFi by channeling funds into the development of two protocols. To begin it will contribute 1 million of its own stablecoin, USDC, each to the development of the Compound and dYdX platforms.
Coinbase USDC Bootstrap Fund lead Nemil Dalal said that DeFi is a tiny portion of the world of banking and financial transactions, adding that the company is tracking growth in an effort to further fund its expansion.
Just last month Nasdaq announced that it was adding a decentralized finance index (DeFiX) to track the projects working in the field. It initially included Maker, Augur, Gnosis, 0x and two other obscure tokens but failed to include Ether which currently powers most of the industry.
Image from Shutterstock
The post Is DeFi The Future of Crypto Finance? Some Big Industry Names Think So appeared first on NewsBTC.
Source: New feedNewsBTC.com

How Learning About Blockchain Can Help Your Future Career

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How Learning About Blockchain Can Help Your Future Career
While blockchain is conquering more and more spheres, it may be rather sensible to consider it as a new option for your career development and professional growth.
How Learning About Blockchain Can Help Your Future Career

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Source: CoinSpeaker

Fundstrat’s Tom Lee: Bitcoin Is a Safe Haven for Investors

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Fundstrat’s Tom Lee: Bitcoin Is a Safe Haven for Investors
Saying that Bitcoin can be viewed as a safe haven for investors, Thomas Lee added that Bitcoin has “done very well this year”. He still stays very optimistic about further BTC performance.
Fundstrat’s Tom Lee: Bitcoin Is a Safe Haven for Investors

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Source: CoinSpeaker

Is Bitcoin the best investment in 2019 or does the risk outweigh the cons and strip the coin of its title?

It’s not uncommon to judge an asset by the results they project, and the financial industry runs mostly on the same criteria. Steady growth, profitability and over-time losses are essential in order to carry forward an accurate analysis of a stock or commodity index. Since the introduction of crypto-assets, most traditional stocks and assets have […]
The post Is Bitcoin the best investment in 2019 or does the risk outweigh the cons and strip the coin of its title? appeared first on AMBCrypto.
Source: AMB Crypto

Swiss multi-national investment bank, USB introduces Fnality International with investment of $63.2 million

USB Group AG, a Swiss multi-national investment bank and financial services company, will be using its own digital currency for cross-border payment settlements. A report published by MarketWatch stated that a total of fourteen firms have developed a coin named, Utility Settlement Coin [USC], and among those firms includes leading banks of the United States, Europe, and Japan. The digital currency would be backed by “bank-owned currency held at the central bank.”
The project includes prominent industry players such as Barclays, Nasdaq, Bank of New York Mellon Corp., Canadian Imperial Bank of Commerce, Banco Santander, Lloyds Banking Group, Mitsubishi UFJ Financial Group, Sumitomo Mitsui Banking Corp., Credit Suisse Group AG, ING Groep NV, State Street Bank & Trust Co., Commerzbank AG, and KBC Group NV.
Notably, a total of $63.2 million has been invested in Fnality investment and it took the firm over four years for the development of the virtual currency. More so, the firm has been working with regulatory bodies of different countries in order to obtain the necessary regulatory documents.
The head of strategic investment at UBS, Hyder Jaffrey stated,
“You remove settlement risk, the counterparty risk, the market risk. All of those risks add up to cost and inefficiencies in the marketplace.”
The report stated,
“The USC token would function both as a payment device and messenger that carries all the information required to complete a trade, potentially cutting down on a transaction’s time and cost.
Interestingly, Brad Garlinghouse, the CEO of Ripple had spoken about this utility coin in a blog post on LinkedIn in August 2016. Garlinghouse had highlighted two major problems with a bank-issued digital currency, one among them being the coin backed by a “basket of currencies”. Garlinghouse had stated,
“Once backed by cash, it’s no longer an asset; it’s a liability. Trading liabilities then ultimately requires moving cash across borders, re-creating today’s system but adding more friction! We strongly believe banks need an independent digital asset to enable truly efficient settlement and we believe XRP is best positioned for that role.”
John Whelan, Head of Digital Investment Banking at Banco Santander, stated on Twitter,
“Stablecoin for wholesale purposes. After 3 years of R&D, Utility Settlement Coin becomes Fnality International.”
The post Swiss multi-national investment bank, USB introduces Fnality International with investment of $63.2 million appeared first on AMBCrypto.
Source: AMB Crypto

Activision Releases Trailer for the New Call of Duty with Sensitive Political Themes Weaved

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Activision Releases Trailer for the New Call of Duty with Sensitive Political Themes Weaved
The much-anticipated trailer for Call of Duty: Modern Warfare has been finally revealed to the game fans worldwide. It’s a fresh look at the controversial conflict shown in the previous game of the franchise.
Activision Releases Trailer for the New Call of Duty with Sensitive Political Themes Weaved

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Source: CoinSpeaker

Bitcoin on Wallstreet: BTC Related Companies Trading on the Stock Exchange

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Bitcoin on Wallstreet: BTC Related Companies Trading on the Stock Exchange
In this article, professional stock trader and investor, Baran Giresunluoglu goes over Bitcoin-friendly companies trading on the public U.S. Stock Exchange.
Bitcoin on Wallstreet: BTC Related Companies Trading on the Stock Exchange

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Source: CoinSpeaker

XRP Records Over 5% Surge With Nasdaq Exchange Adding New XRP Index

Ripple’s native token, XRP is one such cryptocurrency which is on hot bulletins every so often. However, at this time, the coin has surged more than 5 percent within the past 24 hours.
At the time of writing, XRP holds its third largest position in terms of market capitalization. The currency is finally crossing its $0.30 figure which was however lower than the present figure. As per the data provided by coinmarketcap, XRP has gained 5.21 percent which influenced its average trading volume$13,001,369,287.
Source – coinmaketcap.com
Taking a closer look at XRP’s trading volume, there seems an infamous crypto exchange where XRP is being traded on high volume. As such, we can see ZBG, BW.com, ZB.com, RightBTC, FCoin, Fatbtc, OKEx, RightBTC and CoinTiger are the top exchanges, contributing a major trading volume to XRP, the third largest cryptocurrency. Nevertheless, the major contribution comes in pairs of XRP with USDT and BTC.
Source: Coinmarketcap.com
The rise of XRP volume is closely connected with latest XRP index addition announcement by Nasdaq stock exchange.
Nasdaq, an American stock exchange announced on April 30, that it is adding XRP index developed by Brave New Coin (BNC) to its Global Index Data Service (GID) on May 01, 2019. With successful addition of BLX (bitcoin liquidity Index), ELX (Ethereum Liquidity Index), BNC has finally made its XRP Liquidity index or XRPLX on Nasdaq’s Global Index Data services.
Also Read: Ripple [XRP] Price Analysis: Leads Crypto Recovery Ushering in A Bullish May 1
Following a couple of hours after the news broke, XRP has surged by about 4 percent and at press time, it gripped the higher volume of over 5 percent.
This seems to be more flattering update as Nasdaq is one of the largest stock exchange – since the attention caught by such players eventually influenced the value of respective coin during the particular period of time. Moreover, BNC’s XRP index on Nasdaq will bid the real-time XRP price information by sourcing data from the only more liquid exchange. To start, it is fetching data from Bitfinex, Poloniex, Bitstamp, and Kraken. Moreover, it will have Coinbase in its box in the near future.
What do you think about XRP’s latest gain of more than 5 percent.? Do you think it will gain even higher? Let us know in the comment below
The post XRP Records Over 5% Surge With Nasdaq Exchange Adding New XRP Index appeared first on Coingape.
Source: CoinGape

XRP surges by 4 percent in an hour after Nasdaq announces XRP Liquid Index with Brave New Coin

Nasdaq launched XRP Liquid Index [XRPLX], the latest addition to Brave New Coin’s list of Liquid Indices Program, according to an official post on the stock exchange’s website. XRP will join Bitcoin [BTC] and Ethereum [ETH], both of which saw their price indices going live in February.
The XRP Liquid Index will be offered on spot or reference rate for the price of the underlying cryptocurrency in USD. The exchange stated that this will be “based on the most liquid ends of their markets.”
According to New Zealand-based Brave New Coin, the index was curated to meet the “marketplace’s requirement for a single, reliable and fair USD price for XRP.” The XRPLX will conform to the global sample of crypto liquidity, based on “highest volume and quality exchanges,” added BNC.
The statement added,
“Current constituent exchanges for the XRPLX include Bitfinex, Bitstamp, Poloniex and Kraken with Coinbase to be added in the next review.”
The XRPLX has been calculated using a methodology that is “independently audited,” as per the principles set by the International Organisation of Securities Commissions [IOSCO], and will be made available on Nasdaq’s Global Index Data ServiceSM [GIDS].
Source: Trading View
At press time, XRP saw its price ascend by 4.4 percent over the hour, evading Bitcoin bears that have been raging since the Bitfinex-Tether episode last week. Over a 24-hour period, the second largest altcoin in the market hiked by 2.58 percent, contrary to the performance of the rest of the cryptocurrency market.
At 0900 UTC on April 30, the coin was trading at $0.307. The market cap of the coin rose by $600 million in the past hour alone.
ZBG took the top spot in terms of XRP trade volume, accounting for 8.44 percent of the global volume in the trading pair XRP/USDT. Other prominent exchanges on the list were BW.com, ZB.com, RightBTC, and Fatbtc. However, if one were to go by Bitwise’s “real” volume-based exchanges, then the top exchange was Binance, holding 1.36 percent of XRP volume in the trading pair XRP/USDT.
The post XRP surges by 4 percent in an hour after Nasdaq announces XRP Liquid Index with Brave New Coin appeared first on AMBCrypto.
Source: AMB Crypto

Nasdaq Adding Brave New Coin’s Index for XRP to Global Data Service

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Nasdaq Adding Brave New Coin’s Index for XRP to Global Data Service
Stock exchange operator Nasdaq has fulfilled its promise adding one more cryptocurrency index – this time for the world’s third-largest cryptocurrency, XRP.
Nasdaq Adding Brave New Coin’s Index for XRP to Global Data Service

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Source: CoinSpeaker

Breaking: NASDAQ is Testing Trading of a Bitcoin-based Product

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Breaking: NASDAQ is Testing Trading of a Bitcoin-based Product
A crypto quantitative analyst spotted a BTC/USD trading pair listed on Nasdaq platform. Speculations of Bitcoin trading on Nasdaq are at the peak.
Breaking: NASDAQ is Testing Trading of a Bitcoin-based Product

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Source: CoinSpeaker

Arthur Hayes talks about upcoming interest earning product for BitMEX, reveals other products in pipeline

The CEO and founder of BitMEX, Arthur Hayes, spoke on a Venture Coinist podcast and revealed future Bitcoin products that would allow users to earn interest by holding it, and the other plans of BitMEX.
Speaking about the product that will let users earn interest by lending their Bitcoin, Hayes stated that he was exploring, on a small-scale level, about making it work for Bitcoin. He stated:
“I want to create a future where the highest quality exchange and miners issue short term Bitcoin bonds to the ecosystem.”
He said that this would create a “credit curve” for Bitcoin and people could start natively borrowing it and create businesses using Bitcoin without having an outside currency exposure. He also added that this would create a “ubiquitousness of the use of Bitcoin and other cryptocurrencies” and that it would propel the crypto-space as a whole to a new level.
Hayes continued that he would work on it and hoped that he could come up with a test transaction to gauge the interest of the audience for the fixed income market. He said:
“And from a selfish perspective of BitMEX, the fixed income markets are much larger than the FX markets… so if we can start to trade interest rate derivatives on our native crypto credit curve, which is comprised of the best quality companies in the space and that’s really going to take our platform to the next level and help us achieve our goal of becoming the largest exchange”
Speaking about the next upcoming product, Hayes gave his insights into the ability to buy Nasdaq Indices with Bitcoin. Hayes added:
“We have funded a start-up in their seed around who I’m not gonna give out the name yet because I want to put undue pressure on them to deliver but hopefully, by summer of this year you will be able to use Bitcoin and purchase the S&P 500 and Nasdaq’s indices using Bitcoin.”
With the new feature, users can buy a swap for the available Nasdaq’s indices using Bitcoin and can sell their swaps to receive Bitcoin. Hayes said that he hopes to merge the crypto and the traditional markets. He also confirmed that this would be a side product and that it would be accessible through BitMEX.
The post Arthur Hayes talks about upcoming interest earning product for BitMEX, reveals other products in pipeline appeared first on AMBCrypto.
Source: AMB Crypto

SpaceX’s Falcon Heavy Completes First Commercial Mission and Now You Can Buy Stocks

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SpaceX’s Falcon Heavy Completes First Commercial Mission and Now You Can Buy Stocks
SpaceX’s Falcon Heavy rocket, the most powerful vehicle flying today, just launched its first-ever mission for a paying customer. It was also the first time SpaceX managed to land all three rocket boosters after launch.
SpaceX’s Falcon Heavy Completes First Commercial Mission and Now You Can Buy Stocks

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Source: CoinSpeaker