Coinbase Adds a Stablecoin to the Listing

Coinbase Adds a Stablecoin to the Listing

The San Francisco-based crypto exchange Coinbase is a latecomer to the game, but it also started listing stablecoins. The first coin tied to the fiat currency was USDC – a tokenized US dollar created by the company Circle.

The official blog post states:

The advantage of a blockchain-based digital dollar like USDC is easier to program with, to send quickly, to use in dApps, and to store locally than traditional bank account-based dollars.”

USDC is already available for purchase and sell at Coinbase.

We remind you:

The Cryptocurrency Exchange Huobi Is Going to List Four Stablecoins

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Hong Kong Is Going to Have a Stricter Cryptocurrency Regulation System

As reported by the Asian Review new outlet, the Hong Kong authorities are going to restrict the crypto sector. The new set of rules will be applied towards cryptocurrencies, crypto exchanges and trading platform, token sales etc.

The reason for such drastic measures is the following:

With less stringent rules on digital currencies than mainland China, where all crypto-related commercial activities are effectively banned, Hong Kong has become a thriving market for initial coin offerings. But growing concerns over fraud and money laundering have prompted the regulator into action.”

The new regulations will require all exchanges to have a special license, the regulators have also created a list of requirement for all token sales, for instance, a token needs to exist for at least 1 year before it can go on sale. The new regulation will take effect very soon.

We remind you:

Hong Kong and Singapore Are the New Territories for Chinese and South Korean ICO

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A Stablecoin Breakthrough: A Token Pegged to Gold

Stablecoins are still rather a novelty at the cryptocurrency market, so its developers are coming up with new approaches to its main concept – being tied to something physical or fiat. Most stablecoins, like Tether and Gemini Dollar, chose an easy way – they just have a 1:1 exchange ratio with different fiat currencies, mostly USD.

However, a Singapore-based company Digix Global has created something brand new. They pegged its stablecoin DGX to gold. The official site claims:

Using blockchain technology, we represent physical gold with DGX tokens, where 1 DGX represents 1 gram of gold on Ethereum.”

The company has only started developing, but it already has 88100 grams of gold available. The management though is planning to expand the supplies of the platform in the nearest future.

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The Price of Ethereum Has Outrun the Price of Bitcoin Cash

The exchange rate of Ethereum has for the first time in the history risen higher than than of the ill-fated Bitcoin Cash. According to the CoinMarketCap the value of Ethereum is almost $86, whereas the cost of BCH dropped to around $82.

The price of Bitcoin Cash has been plummeting down since the infamous hard fork. After the coin split, its exchange rate dropped to around $200 and kept falling. Soon it left the double-digit price range. The hard fork, the hash wars and the overall downward trend of the crypto market has left a large negative impact on this cryptocurrency.

We remind you:

The Future of Ethereum: Will the ETH Rate Recover in the Next Year?

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Cryptocurrency Prices Today, December 17: Cryptocurrencies Are Trying to Recover in Price

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coingecko, Bitcoin (BTC) added 0.8% over the past 24 hours. The price at the time of writing is $3266 per coin.

The rest of cryptocurrencies tend to fix in the green zone:

Bitcoin Cash added 1.98% over the past 24 hours and costs $81 per coin;

Ripple lost 0.03% and is $0.29 in value;

EOS grew by 2.62%, and its price is $2.01;

Litecoin increased by 6.03%, and its cost is $27;

Cardano added 1.47%, and its rate is $0.029;

Stellar grew by 0.10% and costs $0.097;

IOTA dropped by 1.05%, and its cost is $0.24;

Dash lost 1.32%, and its price is $64;

Monero became more expensive by 1.21% and costs $41.

Over the past 24 hours, Ethereum added 0.49%. The coin rate is $87, according to Coin 360.

The total market capitalization of $104 billion. The share of Bitcoin is 54.8% of the total volume. In monetary terms, this is $57 billion.

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The Safest “Cold” Wallet or Review of Bittrex Exchange

The growing popularity of digital coins, as well as the cryptocurrency trading, was the reason of emergence for the large number of exchanges. There is huge competition on this market segment now. New projects are trying to lure as many users as possible. But there are also time-tested sites that can guarantee a high security level. In this article we will talk about the most secure cryptocurrency exchange, which has been successfully operating for more than 4 years and has a fairly large user base.

Content:
(please, click the topic to scroll down to it)

  1. Briefly about Bittrex Exchange
  2. Trade and order types
  3. Deposit and withdrawal of funds
  4. Bittrex Exchange commissions
  5. Advantages and disadvantages of Bittrex exchange
  6. Conclusion

1. Briefly about the Bittrex Exchange

Bittrex cryptocurrency exchange was registered in the United States in 2014. Activity of this site is more designed for the American market. But this does not mean that the user base of the project is limited only by traders from USA, Bittrex is also quite popular in Europe and the CIS.

The functionality of the exchange can satisfy not only a novice, but also an experienced trader. The platform have integrates tools, with the help of which you can conduct a deep technical analysis. More than 250 currency pairs are traded on this exchange, which provides ample opportunities for trading. It is also worth noting that there is no possibility of trading with leverage and lending on Bittrex exchange.

2. Trade and order types

At the site, traders have the opportunity to trade both limit and market orders. Market order is intended to buy and sell assets at the current price. Suppose that the BTC rate is $4,200, if this price suits the trader, he opens a market order and makes a deal at the current rate almost immediately.

The limit order is designed to buy or sell an asset at desired, rather than actual rate. For example, the BTC rate is still equal to $4,200, but the trader wants to make a purchase only when the BTC price drops to $4,000. In order to avoid sitting at the trading terminal following the BTC rate, trader can open a limit order. When the asset`s actual price matches the value indicated by the trader, the limit order will automatically close.

3. Deposit and withdrawal of funds

It is important to know that this platform works exclusively with cryptocurrencies and it is impossible to replenish your account with fiat. But nowadays this is not a particular problem, because it is possible to buy Bitcoin on a huge number of exchangers now. One may replenish deposit on Bittrex exchange without any special problems, but in order to use the full functionality, it`s necessary to pass the verification procedure. And this is two kinds:

  • Elementary. The user is required to provide with his full name, date of birth and address of residence. Reliability of information is verified by using social media accounts or other open sources.
  • Advanced. In order to withdraw more than 4 BTC per day (or the dollar equivalent in any other coin), one must provide copies of official documents and selfie with the passport. For residents of the CIS countries, this can be a problem, because only an international passport suitable for verification, and not all possess it.

4. Bittrex Exchange Commissions

This site cannot boast with very low commissions, but it is also impossible to call them high.Bittrex charges 0.25% of the total amount for each transaction. The exchange may set a special terms for regular traders, but these figures are individual and depends on turnover and single user’s trading time.

5. Advantages and disadvantages of Bittrex exchange

Bittrex has its strengths and weaknesses as well as any service. In order to objectively evaluate this site, let’s talk more about its advantages and disadvantages.

Advantages:

  • Bittrex activity is officially regulated in the United States. This means that traders are fully protected from the possible misconduct from owners of the exchange. But for residents of other countries (except the US), the official regulation, basically, does not give anything.
  • The ability to go through the verification procedure by using a minimum set of documents (compared to other exchanges).
  • Simple and clear system of fees (0.25% of transaction amount, which is average in the market).
  • Support for a large number of altcoins (including very rare ones), which opens a broad opportunities for users.
  • Enhanced security. The creators of the exchange as a loke call themselves paranoid, as they store about 90% of client funds exclusively in cold wallets.
  • The absence of any restrictions and limits on account replenishment.

Disadvantages:

  • Inability to trade with leverage, as well as lending.
  • Lack of referral programs, as well as motivation systems for new users.
  • Very slow customer service. Some questions may remain unanswered for several weeks.

6. Conclusion

Bittrex is the safest cryptocurrency exchange in the industry. For all the years of its work this site has not been subjected to a single attack. Almost 90% of user funds are stored in cold wallets. This level of security is the main advantage of this site. Another undoubted advantage of Bittrex is its official status in the United States.

The fact is, that the activity of the exchange is regulated by authorities, which legally protects users from possible illegal actions of the site owners. But it should be said that the other countries residents will have to go to the United States to resolve any issues in a court, which requires substantial financial expenses.

Bittrex charges a fixed commission, which is equal to 0.25% of transaction`s amount, this is the average for the market. This exchange is a good tool for conducting balanced trading, as it does not support margin trading. Bittrex cannot boast with quality customer support.

Based on the foregoing, we can say that this project certainly deserves attention. All the minor flaws of Bittrex are compensated by its merits, especially the security level.

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LinkedIn Names “Blockchain Developer” the Top Emerging Job of 2018

LinkedIn, a social network for finding business contacts and job opportunities, has published its annual Economic Graph, where it listed top-5 emerging jobs that develop at the quickest pace among the others. It did not come as a surprise for many people that the top-1 emerging job was “blockchain developer”.

The profession of a blockchain specialist has experienced a growth by 33% during 2018. In comparison, the job that occupied the 2nd place, a machine learning engineer, grew by 12%. The rest of the top-5 are: application sales executive, machine learning specialist and professional medical representative.

The cities with the highest demand for blockchain specialists are New York, San Francisco and Atlanta, and the top industries involving such workers are IT and computer software. The salaries absolutely correspond to the popularity of the profession.

We remind you:

Facebook Is Once Again Looking for Blockchain Specialists

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