Nexo NEXO

$0.0724
Market Cap $ 40.546 MM (#78)
24h Volume $ 1.561 MM
Chg. 24h: -3.60%
Algo. score 4.3/5  (#10)
Show Quick Stats

Nexo News

@JimClare85 @bithomp Yes, we offer both loans and repayments...

@JimClare85 @bithomp Yes, we offer both loans and repayments in AUD. Nexo services loans in 40+ currencies across… https://t.co/h0yiSZTokL

3 days ago

@DrCrypto20 They are acquired by Nexo on exchanges or collec...

@DrCrypto20 They are acquired by Nexo on exchanges or collected from loan interest repayments using NEXO - as of co… https://t.co/bihqd2CHiB

3 days ago

Reminder: 100% of crypto assets received by Nexo during the ...

Reminder: 100% of crypto assets received by Nexo during the Private Token Sale were converted to fiat in Feb-Mar 20… https://t.co/hup1joaByA

4 days ago

NEXO is now trading on Coinbit! The South Korean community h...

NEXO is now trading on Coinbit! The South Korean community has always been very important to Nexo - we have secured… https://t.co/WpcVjxPleS

6 days ago

Nexo (NEXO) Crypto Loan Platform Announces First Dividend of $912,000

The cryptocurrency-backed loan platform Nexo (NEXO) has released the details for its first dividend distribution that will be made NEXO holders this month, showing that $912,071 will be distributed to investors who have stored their Nexo tokens on the platform by December 5th. If the total supply were stored on the platform, the payout per token would be roughly $0.0017. This actual amount distributed is likely to be much higher due to a large token supply still out in circulation. The current price of Nexo is $0.1045. (JF)

7 days ago

6 Crypto Assets Not Rising as Quickly as Bitcoin

Even though all major currencies seem to be on the mend once again, the market is responding in funny ways. While most currencies are in double-digit gains, some other assets are struggling to stay in the green. The following six projects are currently struggling, primarily because they can’t gain in either BTC or USD value. Bitcoin Cash SV It was somewhat to be expected the Bitcoin Cash SV price would not necessarily respond kindly to this new uptrend. This altcoin tends to rise when Bitcoin is struggling badly, yet can’t catch a break when the situation improves. There is still a net double-digit percentage loss in BTC value for BCHSV, and one that will not be overcome anytime soon. Tezos Although one would expect big things from Tezos, the price has not necessarily responded in kind. This token has been battered well before the market onslaught began last week and is somewhat slow to recover. A net 7.5% gain in USD value is a promising start, but it pales in comparison to most other currencies on the market. Bitcoin Diamond Another clone of Bitcoin, Bitcoin Diamond also tends to rise when Bitcoin itself is bleeding value. This is a very peculiar trend in the cryptocurrency world, although it is not necessarily something to pay too much attention to either. Over the past 24 hours, BTCD has gained just 7%, which is lower than one would expect to see. Revain Although Revain is a bit of a mysterious altcoin to most people, it has gone through numerous pump phases recently. As such, it is not gaining all that much now that the momentum has gotten really bullish. A nice 6% increase is still nothing to sneeze at, but it is not necessarily the gain most people are looking for at this time. Nexo Another altcoin recently enjoying a hefty price increase, Nexo is something cooling off right now. With its trading volume, a further price increase should certainly be possible, but it is not happening as of yet. The current 8.3% increase is a promising start, though, but a push to $0.12 might be a stretch too far at this time. Huobi Token Although exchange tokens always seem to follow their own trend, it is safe to say Huobi Token is not enjoying the current uptrend all that much. Although there is nearly a 9% net gain, it is one of the currencies not rising as spectacularly as all others. As such, one has to wonder how this will play out moving forward. The post 6 Crypto Assets Not Rising as Quickly as Bitcoin appeared first on NullTX.

13 days ago

Cryptocurrency Market Update: No Recovery From Recent Rout

FOMO Moments Markets are still flat showing no sign of recovery; Monero, Iota and Bitcoin Gold making small gains. The weekend situation on crypto markets remains grim. There has been no recovery from an epic dump down to a new yearly low yesterday as total market capitalization is still around $140 billion. Bitcoin has clawed back a couple of percent on the day to take it to $4,360 after dumping to a new low of $4,195 yesterday. The predictions are not pretty however and many expect BTC to drop to $3,000 in the coming months. Ethereum has made no recovery and is still at its lowest level for 18 months, trading at $125. Altcoins are largely green today as they small gains from a huge loss over the week. In the top ten Monero is making the most headway as it adds 4% to take it to $66, Bitcoin Cash has also managed to pull 3% back on the day. The rest are up a percent or two aside from XRP which hasn’t moved. There are a couple of movers in the top twenty right now, Iota is adding 6% but it is still at a very low level of $0.322. Bitcoin Gold has made it to $20 with an 8% gain on the day and Neo has made almost 5% back. These gains are very insignificant however as most altcoins have lost as much as 40% over the past week or so. There are only three cryptos with double digit gains in the top one hundred during the Asian trading session this morning. Revain is getting some fomo with a 19% pump, Bitcoin Diamond and Nexo are also performing well at the moment with 16 and 12 percent gains respectively. At the messy end of things is ODEM dumping 15% on the day. At the time of writing total crypto market capitalization was $140 billion which has climbed 1.5% since its all-time low for the year of $136 billion yesterday. Over $40 billion has been lost since last weekend resulting in a 23% market slide. On the month markets have shrunk by a third as $70 billion has left the space. Bitcoin’s dominance is creeping up towards 54% as all of the altcoins keep bleeding. Further losses look likely as Bitcoin finds its bottom, the crypto winter is far from over. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Cryptocurrency Market Update: No Recovery From Recent Rout appeared first on NewsBTC.

16 days ago

It might be Sunday and markets are indeed down but for us at...

It might be Sunday and markets are indeed down but for us at Nexo it is a day like any other, so we are working on… https://t.co/qUN7RKLuG3

16 days ago

The First Nexo Dividend payout is on December 15, 2018! As ...

The First Nexo Dividend payout is on December 15, 2018! As a profitable enterprise from the start, we are excited… https://t.co/3S2zYa5KTA

17 days ago

Servicing the Turkish lira along with 40+ currencies allows ...

Servicing the Turkish lira along with 40+ currencies allows Nexo to help millions of crypto fans in countries that… https://t.co/KvRQnUMofI

22 days ago

Nexo Now Exploring xRapid after Supporting XRP as Collateral for Crypto-backed Loans

After supporting XRP as collateral for crypto-backed loans, Nexo, the world’s first instant crypto-backed loans provider is exploring xRapid. Recently, Ripple partner TransferGo also admitted looking into xRapid. Instant crypto-backed loans provider Nexo Looking into xRapid Nexo, a new platform that offers the world’s first instant crypto-backed loans is exploring another of Ripple’s products called xRapid. It was revealed when XRP enthusiast, EDadoun asked Antoni Trenchev, co-founder and managing partner at Nexo, “It’s really exciting to see the work and support that you guys are showing towards $XRP. Does @NexoFinance have any intention of adopting $XRP usage, either directly or via @Ripple products, beyond its current loan/collateral functionality?” As Trenchev asked further clarification, “Can you clarify exactly what you mean by XRP usage via Ripple products?” EDadoun specified in part, “I’m referring to an XRapid or XVia integration.” To this Trenchev replied, “We have been talking to Ethan about Xrapid, will keep you posted.” Tweet in relevance is this, I’m referring to an XRapid or XVia integration. If I’m barking up the wrong tree then forgive me 🙂 I’m a big fan of the nexo project regardless! — ecent (@EDadoun) November 13, 2018 So, exploration and talks are definitely going on and we can expect Nexo getting involved in xRaid in the future as well. According to its website, “xRapid uniquely uses a digital asset, XRP, to offer on-demand liquidity, which dramatically lowers costs while enabling real-time payments in emerging markets. Built for enterprise use, XRP offers banks and payment providers a highly efficient, scalable, reliable liquidity option to service cross-border payments.” Recently, TransferGo replied on Twitter that it is looking into xRapid that already is in partnership with Ripple to provide its customers real-time money transfers. With the objective, “Don’t sell your crypto. Don’t lose the upside potential. Keep it and get an Instant Loan from Nexo,” the crypto backed loan platform supported XRP for the same just at the end of last month. The official announcement he shared at that time read, “XRP is the third largest cryptocurrency and is one of the fastest and most scalable digital assets, aiming to enable real-time global payments anywhere in the world. Nexo continues to push the boundaries within the crypto-lending space by becoming the first lender ever to start accepting XRP as collateral for crypto loans, thus providing an incredibly powerful utility feature to the cryptocurrency.” The platform already provides its services in more than 40 fiat currencies and over 200 jurisdictions. As for the security, it has partnered up with “SEC-approved custodian and Goldman Sachs-backed custodian,” BitGo that means clients can avail loans of up to $2 million per individual account. At the time of writing, XRP has been trading at $0.50 with 24-hours loss of 4.39 percent. The $20 billion cryptocurrencies is constantly adding clients and exchanges to its name. The post Nexo Now Exploring xRapid after Supporting XRP as Collateral for Crypto-backed Loans appeared first on Coingape.

a month ago

@HammerToe @haydentiff @Entricity @YassinMobarak Once loan i...

@HammerToe @haydentiff @Entricity @YassinMobarak Once loan interest repayments using NEXO are enabled (a few weeks… https://t.co/uvc4iJxvIO

a month ago

The Ripple Effect: Crypto Backed Lending Platform Exploring XRP-Powered xRapid

The crypto lending platform Nexo says it’s exploring Ripple’s xRapid, which uses XRP to boost the speed and lower the cost of cross-border payments. The announcement comes from Antoni Trenchev, the co-founder and managing partner of Nexo. We have been talking to Ethan about Xrapid, will keep you posted 🙂 — Antoni Trenchev (@AntoniNexo) November […]

a month ago

If you want to buy the dip, you can do so with the only inst...

If you want to buy the dip, you can do so with the only instant crypto-backed loan provider on the market. Nexo has… https://t.co/Cfe3Xgh7wB

a month ago

Overall Crypto Market Sees a Slight Dip

The overall crypto market has seen a slight dip over the past 24-hours as the entire market cap has decreased by more than $2 billion. At the time of writing, Bitcoin (BTC) is trading at a price of $6,362, a decrease of 0.23%, while Ethereum (ETH) is down 1.58% and trading at a price of $206.69. The best performing coin out of the top 100 coins is Nexo (NEXO), currently up 7.38% and trading at a price of $0.1556. (JF)

a month ago

Instead of waiting for weeks on end to get your fiat from ex...

Instead of waiting for weeks on end to get your fiat from exchanges, Nexo offers you instant loans against your cry… https://t.co/KnDy9PvKDZ

a month ago

Agora é possível comprar um Avião com criptomoedas

Por: Livecoins É correto dizer que o mercado de criptomoedas é especulativo, várias pessoas compram ativos digitais na esperança de uma valorização futura. Uma das motivações para acreditar nessa valorização é a adoção a longo prazo. Isso é, quanto mais as pessoas e empresas aceitarem as criptomoedas como meio de pagamento, mais elas terão valor. Conforme o Livecoins relatou, um estudo recente revelou que o dinheiro total atual no mercado de criptomoedas representa “míseros” 0,013% do total de dinheiro e ativos do mundo. O mesmo estudo revelou que se este número subisse para 1%, teríamos algo em torno de US $ 8 trilhões no mercado de criptomoedas. Muito dinheiro para um percentual pequeno. Muitos especialistas acreditam que a criptoeconomia vai continuar a crescer, as criptomoedas vão continuar a serem adotadas de forma massiva nos próximos anos, tanto por comerciantes, quanto por grandes instituições. Já existem mais de 5.000 criptomoedas criadas, e uma média de 20 novas são anunciadas todos os dias. Quando falamos em adoção, podemos entender que todo comercio, pessoa ou empresa que passe a aceitar criptomoeda como forma de pagamento faz parte da revolução. Já é possível comprar muitas coisas com criptomoedas, desde roupas até carros. Agora é possível comprar um avião! Na última quinta-feira (9), a Startup Aeron anunciou que estava vendendo uma avião através da Pilot Shop. A aeronave (Modelo Columbia 350 de 2007) pode ser comprada com Tokens Aeron (ARN) ou Binance Coin (BNB). Para comprar, o interessado deverá desembolsar 31.603 BNBs, algo em torno de R$1.132.144 na cotação da Binance Coin Hoje. #useBNB to buy airplanes. https://t.co/SPve0D8b4h — CZ Binance (@cz_binance) November 9, 2018 O proprietário não identificado do Avião não está sozinho na decisão de aceitar BNB como pagamento, já que vários estabelecimentos estão apoiando o ativo digital nativo da Binance como um modo viável de pagamento. A Hublot, uma marca de relógios suíços de renome mundial, também revelou suporte para pagamentos com criptomoedas, lançando o exclusivo relógio “BIG BANG P2P”, um relógio inspirado no Bitcoin, criado para comemorar o décimo aniversário da criptomoeda. A Remixpoint também divulgou um plano para integrar pagamentos com Bitcoin, Bcash e Ethereum em seus serviços de transporte. E ainda, segundo a Bloomberg, a Hinomaru vai aceitar pagamentos cripto para viagens de limusine entre os 23 distritos de Tóquio, Haneda e Narita, e dois dos aeroportos mais populares da região. Entusiastas de criptomoedas podem então comprar relógios artesanais, passeios de limusine e um avião para quatro pessoas através do ecossistema de ativos digitais descentralizado. E não se esqueça da mansão de Roy Niederhoffer em Nova York, que o gestor de fundos de hedge anunciou recentemente por um valor de US $ 15,9 milhões, ou o equivalente em Bitcoin. O CEO da Binance, CZ, veio ao Twitter para anunciar: “#UseBNB para comprar aviões”. A Binance tem mostrado esforços para tornar a BNB mais que um token para pagamento de taxas na plataforma. Outras plataformas que aceitam ou utilizam a BNB incluem PundiX, Rede Kyber, Coinbates, Nexo e, é claro, a própria Binance. A Binance publicou uma imagem (abaixo) mostrando “casos de uso para a BNB que estão surgindo a cada dia”. O artigo Agora é possível comprar um Avião com criptomoedas apareceu primeiro em Livecoins.

a month ago

Crypto Investors Can Now Buy Aircraft With Binance Coin (BNB)

Although many pundits disagree on the short-term prospects for digital assets, the push for adoption is a bandwagon that crypto investors, insiders, and leaders alike can easily hop onto. Hence why many were over the moon, so to speak, when Changpeng Zhao revealed that Binance Coin (BNB), an ERC20 token on Ethereum, could be used to purchase an aircraft. Binance CEO: “#UseBNB To Buy Airplanes” On Thursday, Aeron, a startup with aspirations of “saving people’s lives” through blockchain technologies, revealed that one of its ventures, Pilot Shop, had listed an aircraft for sale. Interestingly, while the plane, a well-kept Columbia 350 from 2007, was listed for 268,000 Euros, Pilot Shop revealed that it would accept Aeron tokens (ARN) and Binance Coin (BNB) in exchange for the hunk of metal. At the time of press, prospective buyers will need to fork over ~31,603 BNB or 446,666 ARN tokens to purchase the aircraft, which is currently based in Austria. Zhao, who once explained that he would “personally shill projects that integrate BNB into their ecosystem,” took to Twitter to relay the crypto-friendly development, issuing a short, but sweet message highlighting this interesting and unexpected case of adoption. #useBNB to buy airplanes. https://t.co/SPve0D8b4h — CZ Binance (@cz_binance) November 9, 2018 The announcement comes just days after Tokyo-based Hinomaru Limousine, in collaboration with Remixpoint, reportedly released a plan to integrate Bitcoin, Bitcoin Cash, and Ethereum payments into its transportation services. Per Bloomberg’s insider sources, Hinomaru will likely be enabling crypto payments for limousine rides between Tokyo’s 23 wards and either Haneda or Narita, two of the region’s most popular airports. Hublot, a world-renowned Swiss watchmaking brand, also unveiled limited support for crypto payments, releasing the exclusive “BIG BANG P2P” watch, a Bitcoin-inspired timepiece created to celebrate the cryptocurrency’s 10th anniversary. Related Reading: Bitcoin Turns Ten: Today And What’s Next? So now, affluent crypto enthusiasts will be able to purchase artisanal timepieces, limousine rides, and a four-person aircraft through the decentralized digital asset ecosystem. And don’t forget Roy Niederhoffer’s New York mansion, which the hedge fund manager recently listed on the open market for a jaw-dropping $15.9 million, or the equivalent in BTC. Binance Coin Gains Traction In Payments It is important to note that the aircraft’s unnamed owner isn’t alone in his or her’s move to accept BNB, as a quickly swelling number of outlets have unveiled that they will be supporting Binance’s native digital asset as a viable mode of payment and utility. Crypto.com, for example, recently shipped the first batch of its Monaco Visa cards to consumers in Singapore. The program, which was anticipated by over 100,000 crypto investors, allows users to purchase real-world items for Bitcoin, Ethereum, Litecoin, Monaco, and Binance Coin. Monaco, which also offers cashback rewards in crypto, travel benefits, free ATM withdrawals, and tap-to-pay functionality, somehow comes in at a staggering $0, which is likely a price point that has consumers clamoring. And ultimately, a price point that will only bolster the adoption of crypto assets and blockchain technologies. Other prominent platforms that accept or utilize BNB include PundiX, Kyber Network, Coinbates, Nexo, and, of course, Binance itself. Binance, releasing a message of excitement to accompany this adoption-accentuating list (seen above), noted that “new use cases for BNB are popping up every day.” This, interestingly, underscores the theme of this nascent industry’s continual steps towards maturation, even in spite of the crypto market’s dismal performance in 2018. Featured Image From Shutterstock The post Crypto Investors Can Now Buy Aircraft With Binance Coin (BNB) appeared first on NewsBTC.

a month ago

A flurry of Stablecoins find listing of COBINHOOD

The demand for stablecoins doesn’t seem to be ending as nearly all exchanges are adding them to take advantage of the stablecoin craze among its users. The recent addition to the list of exchanges is Cobinhood which has added four stablecoins to its platform. GUSD, DAI, PAX and TUSD now available on Cobinhood Cobinhood, a cryptocurrency service platform, and exchange, in order to satiate the growing demand of stablecoins among the users announced that it is adding four (4) stable coins on its exchange: the Gemini Dollar (GUSD), MakerDao (DAI), Paxos Standard Token (PAX) and TrueUSD (TUSD). THe exchange believes that each of these stablecoins has a unique set of features that achieve same end result: increased market stability and user flexibility. On this latest addition, the Co-Founder of Cobinhood, Wei-Ning Huang, was quoted saying “The biggest flaw in the market right now is uncontrolled fluctuations in the value of many customary cryptocurrencies. We are increasing the presence of stablecoins on the COBINHOOD exchange so the community understands that their voices have been heard and stability is being made possible. Our mission is to make the space more approachable for anyone who wants to participate.” Stablecoins have been the recent trend among the crypto enthusiasts apart from providing stability they also seem to be a bridge between the traditional financial world and the cryptoshpere. Over past month or so a lot of exchanges have added stablecoins. Last month Huobi also had announced it would list four U.S. dollar-pegged cryptocurrencies this week. In the announcement then, the Singapore-based exchange which currently has the fourth-largest by trading volume had said that it would open deposits and withdrawal for TrustToken’s TUSD, Circle’s USDC, and two regulator-approved stablecoins: the Gemini exchange’s GUSD and Paxos’ PAX, on Oct. 19. Another exchange, Liquid, which known to be a trading platform that bridges fiat and crypto, this week had added a couple of stablecoins. The exchange had announced that it has added multiple stablecoins including Gemini Dollar (GUSD) and Circle’s USDC. In early November Circle, in its official blog post, had said that not less than 12 exchanges have expressed their plans of joining the ecosystem for the incorporation of the USD coin. Some of the exchanges that were named in the blogpost were The exchanges are BitMart, Fcoin, Gatecoin, Hanbitco, Hotbit, SWIFT, OCP Capital, DDEX and Bit-Z. Others that had shown interest for USDC also included Nexo a crypto loans provider and crypto wallets providers BitKan and Tokenary Looking at the recent listings of Stablecoins one can definitely say their demand is at the peak now and if the inference of them being a bridge between the crypto world and traditional financial world is true, we can be sure that this money would soon be converted to cryptos. What is your view on this Stablecoin frenzy. Is it a fad or are these coins here to stay? Do let us know your views on the same. The post A flurry of Stablecoins find listing of COBINHOOD appeared first on Coingape.

a month ago

Nexo services thousands of instant crypto loans worldwide, i...

Nexo services thousands of instant crypto loans worldwide, is profitable & will pay the first-ever dividend on the… https://t.co/R4UfuP5pjR

a month ago

Cryptocurrency Trading Update: Crypto Market Cap Reaches Monthly High

FOMO Moments More midweek momentum pushes markets higher; Bitcoin Cash racing ahead, Zcash, XRP and ETH doing well. Markets are on the move. Yesterday’s momentum has grown during Asian trading on Wednesday morning and total crypto capitalization has made it back over $220 billion for the first time in almost a month. Bitcoin has awoken and has shifted gear, climbing 1.4% on the day to $6,515. The jump came two hours ago when BTC added almost $100 in one movement. Trade volume has increased almost a billion dollars and is now at just under $5 billion on the day. Ethereum is also risen from its torpor and shifted 5.5% on the day to $220. It is the highest level ETH has been at for four weeks. Trade volume is up almost 25% as it races to keep second spot from XRP which is closing up. In the top ten Bitcoin Cash is nailing it with almost 11% on the day taking BCH to almost $620. This upsurge has been predicted due to the upcoming hard fork and associated coin distribution. Solid gains have been seen by XRP adding 6% on the day to $0.536, Stellar close behind with 5.5% taking XLM to $0.262. EOS and Cardano are both up over 4% and Monero is the only non-mover at the moment. Good gains also in the top twenty with Zcash taking the lead on 7% to $130. Neo, Ethereum Classic and Nem are all doing well today gaining over 5% right now. Following Bitcoin Cash the top performing altcoins in the top one hundred right now are Holo, Aurora, Qtum and MOAC, all adding 7-8 percent to their prices today. Nexo and Ravencoin are still dropping though, losing 3-4 percent when all of their siblings are making moves in the opposite direction. Total crypto market capitalization has seen its largest daily gain for three weeks as 3.8% brings it to $220 billion. Over $7 billion has been added over the past 24 hours and over $16 billion over the past seven days. A smooth upswing has started to form on the weekly chart, have the bulls finally awoken? Bitcoin dominance continues to decline, largely at the expense of BCH and XRP, it is currently 51.5%. FOMO Moments is a section that takes a daily look at the top 20 altcoins during the current trading session and analyses the best performing ones, looking for trends and possible fundamentals. The post Cryptocurrency Trading Update: Crypto Market Cap Reaches Monthly High appeared first on NewsBTC.

a month ago

Ripple’s On Fire: XRP Surges 20% In 24 Hours (Here Is Why)

Ripple is unstoppable after having the past few months full of positive events for the project. The cryptocurrency has increased its value from $0.46 to a current daily high of $0.57 - which is nearly a 20% rise - in a matter of 24 hours. Ripple’s current market cap is $21.6 B, very close to replacing Ethereum for the second biggest cryptocurrency, following last month’s flippening. XRP-USD Chart. Source: TradingView Ripple’s latest hype (as reported on CryptoPotato) On our report from 10 days ago, Ripple has achieved significant progress in boosting its ecosystem with new partnerships, solutions, and more. On October 23, the organization’s cryptocurrency has got a dedicated exchange, which is entirely XRP-based. A day before, a digital currency loan platform - Nexo - has added the coin as a collateral option for the service’s instant crypto loans. While the cryptocurrency exchange Changelly has added support for XRP and another exchange Coinbase has been provided an NYDFS license for custody services for the third largest coin, Ripple has been on the rise with new partnerships. The most significant of them all is the organization’s rumored partnership with the National Bank of Kuwait. However, other institutions, such as Sri Lanka’s ComBank and the Texas-based Catalyst Corporate Federal Credit Union, are exploring Ripple’s payment services. More reasons for the current hype A few days ago, Ripple’s xRapid - the company’s low-cost and fast cross-border payments solution - enriched with a new partner, SendFriend. Although its still in early access, several organizations - including cryptocurrency exchanges Bittrex and Bitso as well as the currency specialist Mercury Fx - have requested access to Ripple’s cross-border payment solution. While most of Ripple’s xRapid partners are running centralized solutions, SendFriend is a remittance platform based on the blockchain. SendFriend seeks to reduce the costs as well as the time it takes to send a transaction to friends and families for people working in overseas countries. To improve its services as well as the overall experience for its customers, SendFriend has joined as a partner to xRapid. SendFriend’s solution is backed by prominent names, including MIT Media Lab, Barclays, TechStars, MasterCard Foundation, Mahindra Finance, and Deloitte. SendFriend CEO David Lighton stated that their partnership with Ripple would allow a higher efficiency with capital on the backend of his company. According to Mr. Lighton, xRapid would allow SendFriend to conduct real-time settlements without any pre-funding and without the need to manage foreign exchange fees. Ripple opens new office in Dubai During the Global Islamic Economic Summit 2018 last week, the company behind the third largest cryptocurrency announced plans to open an office in the United Arab Emirates - more precisely in Dubai - at the end of the year. Ripple’s Global Head of Infrastructure Innovation Dilip Rao stated that his company seeks to fully enter the Asian and the Middle Eastern market in the near future, and they will open up the Dubai office to serve as the base of operations for these two markets. According to Mr. Rao: “Ripple’s cost-efficient, flexible, and cheap solutions will allow his company to align with the UAE’s plans on implementing blockchain tech for a wide range of applications.”, He emphasized that it is “fantastic” that the UAE government seeks to move half of its transactions to the blockchain by 2020, which is expected to encourage innovation. “If you want to send this money, particularly you’re not clear about what the fees are going to be that the bank is going to charge on the other end. And therefore, what you’ll receive might be substantially less than what you sent out. And if you’re sending money for blue collar workers, this often can be a small amount of money, $200, and the fees for these kinds of small payments can be as high as 5 to 10%. So this is hurting the people who can afford it the least,” Mr. Rao added about the importance of cost-efficiency for blue collar workers. According to Mr. Rao, the Middle Eastern market is of high importance for Ripple since there is a high demand for cost-efficient and fast cross-border payment solutions as many of the workers are foreigners who send a part of their salaries back to their families and friends. He added that Ripple is fully entering the Middle Eastern market - where they have numerous institutions as partners, including Saudi Arabia’s Al-Rajhi Bank and the Kuwait Finance House - will support the economy. The post Ripple’s On Fire: XRP Surges 20% In 24 Hours (Here Is Why) appeared first on CryptoPotato.

a month ago

The NEXO Token is now trading on @BithumbOfficial DEX. This ...

The NEXO Token is now trading on @BithumbOfficial DEX. This leading global cryptocurrency exchange will provide abu… https://t.co/HyhCyiUJ6T

a month ago

Meet The Top 5 Crypto Loan Platforms

Featured Content - In November-December of 2017, the majority of late crypto adopters found themselves on the very top of the crypto hype that seemed, back then, like an easy opportunity for anyone to multiply one’s capital. The hype went down, and those who invested at the peak of the hype had to face the inevitable consequences. Some sold Bitcoin shortly after the price went down. Others decided not to give up, and they continued to HODL up until this very moment. What to do if you need cash but don’t want to give up on your crypto? The demand for instant cash sparked the need for a new type of financial services - “crypto loans.” Crypto loan platforms are a type of service that allows one to put his/her crypto down as collateral and borrow fiat at a ratio. Below are some of the most notable crypto loan services that currently exist on the market. SALT Lending SALT Lending is a blockchain-backed loan platform that allows you to get cash deposited directly into your bank account. The company has over $50M in loans serviced, 30 lendable jurisdictions worldwide, and over 64,000 platform users. On the downside, SALT is limited to a low number of cryptocurrencies that can be used as collateral. Additionally, the loan-to-value ratio is relatively low (up to 60%). Nexo Nexo calls its services “The World’s First Instant Crypto-backed Loans.” Loan amounts are from $1,000 to $2,000,000. Nexo uses Onfido (trusted by Coinbase and others) for its regulatory compliance. Moreover, the platform has over $1 billion in instant crypto-backed loan requests. On the down side, Nexo is known for its hidden fees, limited number of collateral crypto wallets and limitations when it comes to cash withdrawals. Unchained Capital Unchained Capital is a service that offers dedicated collateral addresses on blockchain for easy monitoring. The site offers 12-18% APR over a length of 3-60 months. The site does not perform hard credit checks. Interest rates will vary by state. On the down side, the site offers BTC/ETH loans only. Also the company’s loan to value ration is pretty low - 35-50%. ETHLend ETHLend is a platform for digital asset-backed loans, allowing the LEND token to be used as the medium of exchange where fees can be reduced to 0. The digital assets that are used as loan collateral are stored in a public Ethereum blockchain to obtain high network security with the use of a non-custodian depository smart contract. Because the transactions are broadcasted on a public Ethereum blockchain ledger, the transactions are transparent and auditable by the public. On the downside, ETHLend is limited to 1 crypto collateral only - ETH. YouToken Loan Perhaps one of the youngest and most promising crypto backed loan platforms, YouToken Loan is a service platform with bank accounts in Switzerland. The platform allows for someone to lend crypto as collateral with a high loan-to-value ratio of up to 70%, for up to $10,000 in fiat/cash (bigger loans are offered to selected borrowers). YouToken Loan has its own fund and accepts all major cryptocurrencies as collateral (BTC, ETH, LTC, BCH, XRP, etc.). In addition, the platform accepts all major Cards (Visa, MasterCard, Maestro, American Express, etc.) and all major types of web payments (Qiwi, PayPal, Apple Pay, Skrill, etc.). Unlike the majority of other crypto backed platforms, YouToken offers transparency and absolutely no hidden fees. No credit checks are required. YouToken’s interface is simple and sexy. On the downside, YouToken Loan does NOT serve U.S. citizens, as well as citizens of China and Korea. Conclusion Today, we live in a period of time after the crypto market fell. The demand by crypto investors for instant cash has built the foundation for the crypto loan industry. It seems that crypto HODL-ing is an ongoing trend, and one of its symptoms is the rise of crypto loan service platforms. Will we see investors still HODL-ing in 2018 and 2019? Only patience and time will tell. The post Meet The Top 5 Crypto Loan Platforms appeared first on CryptoPotato.

a month ago

Earn now up to 6.5% per year on your stablecoins! Protect yo...

Earn now up to 6.5% per year on your stablecoins! Protect your assets and get paid for it by becoming a Nexo Liquid… https://t.co/WgpgZ0zrZT

a month ago

GK Group’s KAMBO Platform Launches To Put Idle Cryptocurrency To Work

UK-based fintech and financial services conglomerate Global Kapital Group (GK Group) has formally released its dedicated cryptocurrency loan platform KAMBO.io as the sector quickly diversifies. Bitcoin And Ethereum As Loan Collateral In a press release dated October 30, GK-Group, which has operated various brokerage, consumer and business finance services since 2010, said it planned to level the playing field for private investors looking to use their cryptocurrency holdings as collateral. Instant loans are available in the modest range between $1000 and $10,000, while larger sums are reviewed and approved within 48 hours. Collateral can come in the form of either Bitcoin or Ethereum (though more cryptocurrencies are planned to be added soon). “We believe cryptocurrencies and novel fintech concepts will liberate the financial ecosystem, and more tools a system has healthier it becomes,” co-founder Can Gulec explained. “Our goal is to build those tools, starting with giving people basic freedoms to use their cryptocurrencies as they please.” The platform makes money by charging 14 percent APR on all loans, a model similar to other actors set to launch in the fledgling cryptocurrency loans market. No ICOs Amid the ongoing bear market across crypto-assets, KAMBO and others see a desire among consumers to put their cryptocurrency to work while waiting for markets to pick up. Unlike competitors such as Salt Lending and Nexo, GK Group has taken steps to avoid raising funds via an ICO. Pointing to statistics showing the extent of losses taken by investors in token sales since 2017 prior to the launch, KAMBO suggested conducting an ICO of its own could prove counterproductive, adding it did not need to raise funds to build and operate a lending platform. “...People have seen through the smokescreen and realize, like many governments and regulators, that ICOs are mostly big and empty promises,” executives wrote in a blog post. “Our mandate is to rather underpromise, and then over deliver.” What do you think about KAMBO.io? Let us know in the comments below! Images courtesy of Shutterstock. The post GK Group’s KAMBO Platform Launches To Put Idle Cryptocurrency To Work appeared first on Bitcoinist.com.

a month ago

GK Group’s KAMBO Platform Launches To Put ‘Idle’ Cryptocurrency To Work

UK-based fintech and financial services conglomerate Global Kapital Group (GK Group) has formally released its dedicated cryptocurrency loans platform KAMBO.io as the sector quickly diversifies. Bitcoin And Ethereum As Loan Collateral In a press release dated October 30, GK-Group, which has operated various brokerage, consumer and business finance services since 2010, said it planned to level the playing field for private investors looking to use their cryptocurrency holdings as collateral. Instant loans are available in the modest range between $1000 and $10,000, while larger sums are reviewed and approved within 48 hours. Collateral can come in the form of either Bitcoin or Ethereum (though more cryptocurrencies are planned to be added soon). “We believe cryptocurrencies and novel fintech concepts will liberate the financial ecosystem, and more tools a system has healthier it becomes,” co-founder Can Gulec explained. “Our goal is to build those tools, starting with giving people basic freedoms to use their cryptocurrencies as they please.” The platform makes money by charging 14 percent APR on all loans, a model similar to other actors set to launch in the fledgling cryptocurrency loans market. No ICOs Amid the ongoing bear market across crypto-assets, KAMBO and others see a desire among consumers to put their cryptocurrency to work while waiting for markets to pick up. Unlike competitors such as Salt Lending and Nexo, GK Group has taken steps to avoid raising funds via an ICO. Pointing to statistics showing the extent of losses taken by investors in token sales since 2017 prior to the launch, KAMBO suggested conducting an ICO of its own could prove counterproductive, adding it did not need to raise funds to build and operate a lending platform. “...People have seen through the smokescreen and realize, like many governments and regulators, that ICOs are mostly big and empty promises,” executives wrote in a blog post. “Our mandate is to rather underpromise, and then over deliver.” What do you think about KAMBO.io? Let us know in the comments below! Images courtesy of Shutterstock. The post GK Group’s KAMBO Platform Launches To Put ‘Idle’ Cryptocurrency To Work appeared first on Bitcoinist.com.

a month ago

New crypto leader in the crypto-backed loan market

As HODLing became popular among cryptocurrency enthusiasts possessing large amounts of undervalued digital coins, companies like Nexo and SALT lending started showing up in the crypto market and offering a new type of service: crypto-backed loans. For those who are not familiar with the term, a crypto-backed loan is a type of loan that is given to a borrower in exchange for cryptocurrency collateral. Some crypto-backed loan services offer more competitive rates, while some just approve applications at faster rates. Up until now, there was no absolute leader in the market. However, it looks like a new player, YouToken Loan [aka YouHodler], is about to dominate the industry. Why YouToken Loan is Better Than Its Competitors Unlike its competitors, YouToken Loan has a wide list of competitive advantages on offer. Some of the most notable advantages are listed below. Low-Interest Rate and Full Transparency: Companies like Nexo and SALT Lending tend to trick their clients by not mentioning many of the hidden fees and nuances that clients should know. From paid memberships that are meant to suck you in, to withdrawals that must be $1000+, this list is only getting bigger. Many crypto loan providers are not running a fair and transparent game. YouToken Loan is all about long-term collaboration. Clients are treated with respect and privilege. The average interest rate is 5% and there are NO mandatory memberships and/or hidden fees. High Loan-to-Value Ratio: A high loan-to-value ratio [LTV] is another significant competitive advantage that the company has to offer. Typically, LTV offered by other crypto loan companies varies from 35% to 50%. At YouToken Loan, it offers up to 70%, the highest LTV on the market. Free YTN Tokens for Early Adopters YouToken Loan is offering one more benefit to its early adopters. This extra benefit is depicted in the form of free YTN tokens. Only this month, every user who takes a crypto loan will receive 1 YTN token for free, in exchange for $10 worth of collateral. YTN is an ERC-20 token representing the YouToken platform. According to the company’s CEO, the token is expected to be tradable in 10 months. How to Take a Crypto Loan Taking loans is as easy as using Coinbase, Binance, or any other crypto exchange. Just visit the website and you will figure out what to do next. The post New crypto leader in the crypto-backed loan market appeared first on AMBCrypto.

a month ago

The Daily: Nexo to Pay Interest on Stablecoins, Startups Launch Bank Services

In this edition of The Daily, we cover Nexo’s recent decision to pay interest on stablecoin holdings, as well as a project by two Swiss cryptocurrency companies to offer exchange and custodial solutions for financial institutions that handle digital assets. We also look at Bitfinex’s newly updated app for “on-the-go” traders. Also read: Security Startup Raises $30M, Crypto Used to Fight Plastic Pollution Nexo Announces 6.5 Percent Interest Rate on Stablecoin Holdings Nexo, a cryptocurrency loans service, said this week that it’s going to offer interest payments on several leading stablecoins. When stored on the platform, trueusd (TUSD), gemini dollar (GUSD), paxos standard (PAX), Circle’s usdcoin (USDC), and Maker’s dai (DAI) will generate a 6.5 percent interest rate for those holding the currencies. According to an announcement on Twitter, Nexo will also guarantee a one-to-one conversion to U.S. dollars on any major stablecoin for all liquidity providers. The company claims this is a unique service on the market. After recently adding bitcoin cash (BCH), litecoin (LTC) and ripple (XRP), the cryptocurrency lending platform now supports seven digital currencies, including bitcoin core (BTC), ethereum (ETH) and binance coin (BNB), as well as its own token, Nexo. It accepts the coins as collateral for instant cryptocurrency-backed loans. The APR for the loans is set at 16 percent, but a preferential rate will be applied when the native token is used as collateral. The platform will distribute 30 percent of its profits to Nexo holders, as part of the company’s first dividend payment in December. Metaco and SCX Offer Exchange and Custodial Services to Banks Two fintech companies in Switzerland have teamed up to launch new exchange and custodial services for digital assets. Metaco, a provider of secure blockchain infrastructure, and trading platform Swiss Crypto Exchange (SCX) plan to offer their solutions to banks and other regulated custodians. The new system developed by SCX is designed to directly connect banks in order to eliminate risks associated with the storage of assets on cryptocurrency exchanges. Silo, Metaco’s custodial infrastructure solution, is integrated with SCX and is expected to enable secure and reliable cryptocurrency trading. The two companies claim there is no central point of failure with its new system. While SCX is still a centralized marketplace, it will now work with decentralized custody providers. The cryptocurrency exchange will provide liquidity and technology to new ecosystems built by banks. The traditional financial institutions will be responsible for maintaining their custodial activities through Silo. Metaco’s cryptocurrency storage solution, which was announced in January of this year, has been developed in cooperation with data security agency Guardtime. Bitfinex Releases Updated Mobile Trading App Cryptocurrency exchange Bitfinex has launched its updated mobile application, which supports the latest features of the iOS and Android operating systems. In terms of functionality, the developers have tried to provide users with an experience that’s similar to the one they expect from the platform’s main website. The app now offers two landing pages, for trading and funding, respectively. Users can customize their favorites, orders, pairs and trading history, as well as the widgets on each page. The Hong Kong-based trading platform said in a blog post that the updated software supports both vertical and horizontal layouts, as well as iPhone X and other smartphones with notches running across the top of their screens. “On-the-go” traders can run the app on multiple devices and their settings will be preserved. Bitfinex promises a more tablet-friendly experience and has said that users can now unlock the app with a fingerprint and face scan. What are your thoughts on today’s news tidbits? Tell us in the comments section. Images courtesy of Shutterstock, Nexo, Bitfinex. Make sure you do not miss any important Bitcoin-related news! Follow our news feed any which way you prefer; via Twitter, Facebook, Telegram, RSS or email (scroll down to the bottom of this page to subscribe). We’ve got daily, weekly and quarterly summaries in newsletter form. Bitcoin never sleeps. Neither do we. The post The Daily: Nexo to Pay Interest on Stablecoins, Startups Launch Bank Services appeared first on Bitcoin News.

a month ago

Nexo Entices Non-USDT Stablecoin Holders to Provide Loan Liquidity

The cryptocurrency world has seen an influx of stablecoins. While their initial purpose is to provide a stable asset value, Nexo sees merit in this concept for different reasons. The crypto-oriented loan platform will offer hefty interest rates to users storing major stablecoins on this platform. Nexo has Unusual Plans The purpose of a stablecoin is to create digitized versions of existing assets. In this case, they usually represent 1 US Dollar in digital form. These digital currencies can be traded freely across many exchanges supporting Bitcoin and altcoins. However, it appears they will also provide an interest-bearing alternative to traditional bank accounts. Nexo, the loan platform focusing on cryptocurrencies, sees merit in these new assets. Holders of such coins can earn interest rates of up to 6.5%. Those rates are high, especially for currencies which do not fluctuate in value. This is a rather surprising development for a company trying to position itself in the world of cryptocurrency lending. The company confirms they are looking for owners of the “major” stablecoins. That list includes TUSD, USDC, GUSD, PAX, and DAI. One notably absent currency is Tether’s USDT. That asset has not been able to maintain a $1 valuation for nearly two weeks now. All other stablecoins have no problems in this department, which makes them of greater interest to Nexo. Crypto Lending Slowly Becomes Successful Volatile currencies such as Bitcoin lend themselves perfectly to lending service providers. The fluctuating value of this asset seems to attract a lot of attention. Nexo also supports Ethereum, Binance Coin, NEXO, and XRP as collateral options. The addition of these major stablecoins brings the total to 10 different supported assets. These new rates put an interesting spin on crypto lending as a whole. Extending such a loan carries certain risks. The recipient of a loan can back out of the deal and never refund the lender. That has been a problem for platforms such as BTCJam in the past few years. How Nexo will address such potential situations, remains to be determined. Using a stablecoin for loans seems counterproductive. It is virtually the same as obtaining a cash loan, but in digital format. This new decision may improve the overall liquidity of all supported stablecoins accordingly. None of them comes close to rivaling Tether’s USDT in terms of supply and market cap. This high interest offered by Nexo may help change that situation over the coming months. Why do you think Nexo is offering such high interest gains for stablecoin holders? Let us know in the comments. Images courtesy of ShutterStock The post Nexo Entices Non-USDT Stablecoin Holders to Provide Loan Liquidity appeared first on Live Bitcoin News.

a month ago

Coinbase will Raise $300 Mln in Series E Financing Round and Warren Buffett’s Berkshire Hathaway Invests $600 Mln in Fintech Firms

The State of The Market — October 30, 2018 BTC: $6,342.73 (-0.12%) ETH: $197.61 (-0.03%) XRP: $0.4461 (+0.85%) Yesterday the overall cryptocurrency market took a downturn and shed more than $6 billion from the overall market cap which currently sits around $203 billion. Bitcoin has struggled to recover above $6,350 and Ethereum remains below $200. On Monday Tether (USDT) briefly regained parity with the U.S. dollar and currently the stablecoin trades for $0.9946. In other news, Warren Buffett’s Berkshire Hathaway has invested $600 million in two fintech firms. Both firms focus on mobile payment systems and are located in emerging markets. Also, the UK’s Financial Conduct Authority will have the final say on a proposal to ban cryptocurrency derivatives. A recent statement by the Financial Conduct Authority (FCA) indicates that consultations on whether to ban cryptocurrency derivatives will begin at the start of Q1 in 2019. Cryptocurrency derivatives, futures, options, and contracts could be fully prohibited if the proposal is approved by the FCA. 1) Today Coinbase revealed that it will add an additional $300 million through a Series E financing round led by Tiger Global Management. Y Combinator Continuity, Wellington Management, Andreessen Horowitz, and Polychain are also involved in the fundraising. A Medium post from Coinbase President and COO Asiff Hirji explained that the funds will be used to build infrastructure between fiat and crypto in regulated markets worldwide. The funds will also allow Coinbase to offer additional crypto assets and support institutions seeking to invest in cryptocurrency. The current round of Series E fundraising brings Coinbase’s post-money valuation to over $8 billion. 2) Nexo (NEXO), a cryptocurrency-backed loan platform, announced Monday that it will soon offer 6.5% interest on major stablecoins stored on their platform. The qualified stablecoins include TrueUSD (TUSD), Circle’s USDCoin (USDC), Gemini Dollar (GUSD), Paxos Standard Token (PAX) and Maker’s Dai (DAI) will qualify for 6.5% when stored on the Nexo platform. Nexo, currently, is holding a $101.5 million market cap and is gearing up for its first dividend payment on December 15, when it will distribute 30% of the platform’s profits to NEXO holders. At the time of writing, Nexo is trading at $0.18, up 0.78% in the last 24 hours. 3) IBM and Smart Dubai have rolled out the Dubai Blockchain Platform, a blockchain-as-a-service platform that is backed by the government. The BaaS will run on IBM’s cloud, which is based in the UAE. The Dubai Blockchain Platform is compliant with the Information Security Regulation of the Dubai government and will allow private companies and government entities to shift to DLT testing and development in a quick manner. According to IBM’s Amr Refaat, this new service will assist organizations in using blockchain technology cost-effectively by freeing them of platform integration problems and security issues. It will also allow transparency and more efficient collaboration between government organizations and private entities. (RS)

a month ago

@Alex_Faliushin Borrowers can lower their interest APR to 8%...

@Alex_Faliushin Borrowers can lower their interest APR to 8% when they use NEXO tokens for loan interest repayments… https://t.co/IFntHVNEOn

a month ago

Smart Valor Joins Enterprise Ethereum Alliance (EEA)

Smart Valor, a blockchain company that bridges the gap between asset issuers and investors from around the globe, announced on Reddit that it has become the new member of the Enterprise Ethereum Alliance (EEA). EEA reportedly is a joint effort of big and small businesses and institutions, aiming to put blockchain into mass adoption. The big name members include JPMorgan Chase, Microsoft, Infosys, Cognizant, CME Group, Deloitte, Nexo and Ledger. The news comes after Hyperledger’s recent addition to EEA. (RL)

a month ago

Nexo Announces 6.5% Interest for Holding Major Stablecoins

Nexo (NEXO), a cryptocurrency-backed loan platform, announced Monday that it will soon offer 6.5% interest on major stablecoins stored on their platform. The qualified stablecoins include TrueUSD (TUSD), Circle’s USDCoin (USDC), Gemini Dollar (GUSD), Paxos Standard Token (PAX) and Maker’s Dai (DAI) will qualify for 6.5% when stored on the Nexo platform. Nexo, currently, is holding a $101.5 million market cap, and is gearing up for its first dividend payment on December 15, when it will distribute 30% of the platform’s profits to NEXO holders. At the time of writing, Nexo is trading at $0.18, up 0.78% in the last 24 hours. (RL)

a month ago

Triangular Arbitrage Today: QKC, QTUM, DENT, NEO and More

In the world of cryptocurrency, different exchanges often maintain slightly different prices. That allows for some interesting arbitrage opportunities, even though it often requires the use of at least two exchanges and potentially multiple trading markets. The following options are very interesting, albeit also a bit time-consuming. #6 POLY to QKC When a triangular arbitrage opportunity presents itself, one has to be willing to look well beyond the more traditional markets. In this particular trade, there is a chance for a near 20% gain when buying POLY on Koinex and converting it to QKC on the Binance exchange. Said obtained funds can then be transferred to WazirX, a relatively small exchange, for a healthy profit, due to its high QKC price. #5 DENT to QKC DENT is the native currency of the project focusing on making mobile data globally tradeable. Its value on WazirX - in INR value - is very low, which would allow DENT to be sent to CoinDCX for a conversion to QKC. Once the QKC is obtained, it should be transferred back to WaxirX for a profit. This is a bit of a back-and-forth trade for those with access to Indian Rupees, but it can yield a decent profit. #4 QKC Cross-Platform Multi-currency It seems there are numerous opportunities to make money with QKC these days, depending on overall market liquidity. Buying QKC from CoinDXC with BTC and selling it on WazirX for INR can result in a 10% profit. This would also give users access to INR balance to explore the other arbitrage opportunities listed above, which can be well worth checking out for those willing to take a gamble. #3 KNC to NEO It doesn’t happen that often NEO is involved in triangular arbitrage opportunities, though today is a bit different. Buying KNC on Binance with Bitcoin and sending it to Kucoin for a NEO conversion will open a new arbitrage opportunity. Selling that NEO balance on EXMO can yield a profit of up to 9%, depending on overall liquidity. #2 NEXO to NEO The NEO arbitrage opportunity on EXMO can be explored through other trading pairs as well. For those willing to buy NEXO with Indian Rupees through BitBns, will allow them to convert this funds to NEO on CoinDCX before sending it on to EXMO. It is a slightly alternative route to explore, although that doesn’t make it less viable by default. #1 CMT to QTUM This particular arbitrage opportunity makes for an exciting trade. Users can buy CMT on OKEx with Bitcoin. If they move their CMT to CoinDCX and convert it to QTUM, a new arbitrage option will present itself rather quickly. All that is left is moving the QTUM to BitBns and selling it on whichever trading pairs offers the most advantageous pricing. Disclaimer: This is not trading or investment advice. NullTX does not endorse any of the exchanges or cryptocurrencies mentioned in the article. Always do your own research before dealing with any cryptocurrency exchange. The post Triangular Arbitrage Today: QKC, QTUM, DENT, NEO and More appeared first on NullTX.

a month ago

Crypto-Backed Lender Nexo Launches Liquidity Feature that Pays 6.5% Interest on Stablecoins

Swiss-based crypto-backed lender Nexo has unveiled a new feature that capitalizes on the popularity of stablecoins. Nexo is giving crypto investors the opportunity to become liquidity providers by staking their stablecoin holdings and earning 6.5% in annual interest, which is calculated daily. The company offers a 1:1 conversion to USD for the leading stablecoins: Tether (USDT), TrueUSD (TUSD), Gemini Dollar (GUSD), USD Coin (USDC) and Paxos Standard Token (PAX), which liquidity providers can withdraw at any time. It offers investors stability at a time when the USD reserves of stablecoin Tether have been in question. Separately, Nexo recently added support for XRP-backed loans and reportedly plans to add loans backed by Bitcoin Cash (BCH) and Litecoin (LTC) in November. (GT)

a month ago

@Pravi_ToJeIvan The Nexo Oracle takes into account multiple ...

@Pravi_ToJeIvan The Nexo Oracle takes into account multiple variables. Market depth and liquidity are among them, a… https://t.co/BVjssIgbrP

a month ago

Nexo Shares Positive Testimonials From XRP Users One Week After Launching Lending Service

Crypto lending service Nexo became the first to accept Ripple’s XRP as collateral on October 22. By the end of that week, Nexo had listed a few of the happy testimonials it had received in a new blog post. The service claims that it is overwhelmed by the response it has received from the blockchain community and suggested crypto users to #HODL their investments. Happy Customers for Nexo! The lender shared some happy testimonials from its customers on its blog and shared the news on Twitter. It wrote: “As the first-ever crypto lender to start accepting #XRP as collateral, we have been swamped by positive feedback from the #Ripple community. Here is a collection of the testimonials of some of the instantly happy XRP holders and clients! #HODL” XRP Loans for Crypto Users Nexo writes that it has received a huge inflow of corporate as well as individual XRP users who sought Nexo loans by keeping their crypto holdings as collateral. The loans ranged between $1,000 to $2,000,000. The service provider goes on to suggest that it is humbled as well as thrilled by the recognition it has received from the XRP community. The firm went on to share some testimonials by clients. One customer praised being able to get a loan of 30 percent on his holdings in just one day. He also some SEC compliant NEXO ERC20 tokens. Another user praised the firm for helping to remove the selling pressure from HODLing and providing a more tax efficient model. Nexo is an advanced crypto loan providing platform that currently provides services in over 200 jurisdictions and over 40 fiat currencies. The security of the funds is guaranteed by BitGo, the only SEC-approved custodian in the space. Account with the firm can fetch users a loan of between $1000 and $2,000,000. The firm first allowed users to get a loan against their XRP holdings earlier this week. The loans are disbursed instantly and help users to HODL. Whenever the users need cash, they can collateralize their crypto holdings with Nexo and get the necessary loan without selling their coins. Nexo Shares Positive Testimonials From XRP Users One Week After Launching Lending Service was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

a month ago

Earn 6.5% interest on your stablecoins! Nexo is introducing...

Earn 6.5% interest on your stablecoins! Nexo is introducing the only protection for stablecoins on the market by g… https://t.co/xaYmfcQRhV

a month ago

Nexo (NEXO) Continues Adoption Campaign with LiveCoinWatch Integration

The team at Nexo (NEXO) posted the following announcement on their Twitter feed, showing their continued push for adoption and partnerships: “The #NexoEverywhere campaign marks a great integration with leading cryptocurrency research platform @LiveCoinWatch. With this awesome development Nexo engages a new audience of 20+ million users for the last six months and growing.” This announcement follows numerous recent partnership and integrations that have seen the Nexo project gain awareness in some of the most visited web pages in the crypto space. NEXO is currently trading at $0.178 (JF)

a month ago

Does the latest Ripple news mean it’s going mainstream?

TL;DR In the past few days, Ripple has made significant progress, creating multiple partnerships along with other major events. Some of the above include XRP as collateral on a loan platform, Changelly users being able to buy XRP with credit cards, an exchange dedicated to Ripple, a U.S.-based financial institution testing Ripple’s xRapid, Coinbase getting a license for XRP custody services, a partnership with Sri Lanka’s ComBank, and a rumor where the National Bank of Kuwait is eager to try the organization’s cross-border payments platform. There’s been hype around Ripple news in the past few days with multiple significant events surrounding the cryptocurrency and the organization behind it, including new partnerships, a new XRP-based exchange, a loan provider taking XRP as collateral, and Coinbase custody services allowing support for the coin. Crypto loan platform Nexo adding XRP as collateral On October 22, cryptocurrency loan provider Nexo has added XRP as the newest collateral option for the platform’s instant crypto loans. According to the organization, users with XRP balances are now able to borrow against their asset instantly. Nexo, which uses the SEC-approved custodian BitGo for the platform’s loans, provides services in over 40 fiat currencies to customers globally. Nexo stated in its Medium post that the organization “continues to push the boundaries within the crypto-lending space by becoming the first ever lender to start accepting XRP as collateral for crypto loans.” Changelly adding support for XRP A few days ago, the instant-transfer cryptocurrency exchange Changelly announced that it had opened up fiat currencies to be exchanged for XRP on the company’s platform. As Changelly allows its users to buy selected cryptocurrencies with credit and debit cards, this means that they can now conveniently purchase XRP in a matter of a few minutes. “Time to buy XRP now! Convert USD or EUR to Ripple. Big news for Ripple fans and wise investors! You can seamlessly buy XRP on Changelly via our partner Simplex from now on. Give it a shot! Best investments, Changelly,” the cryptocurrency exchange stated. In addition to Changelly, Bittrex has recently announced that the digital currency exchange is providing options for USD-XRP trades for its users. While these two exchanges are supporting XRP, a third one, CoinField, said that they are considering adding the coin as their platform’s base currency for both crypto and fiat pairs. XRP United The cryptocurrency exchange dedicated to the third largest coin, XRP United, went live on October 23. The platform uses XRP as the base currency and offers three live trading pairs: BTC/XRP, ETH/XRP, and BCH/XRP. XRP United is also planning to add support for XMR/XRP. According to the creators of the exchange, they have made XRP their standard currency to increase the use cases of the coin. The creators are striving to make the digital currency the global standard and claim that XRP will provide faster and cheaper transfers than any other currency on the crypto market. Ripple’s xRapid used by Catalyst Corporate The Texas-based wholesale cooperative financial institution, Catalyst Corporate Federal Credit Union, is reportedly exploring Ripple’s xRapid cross-border payment solution. The COO of Catalyst Corporate, Brad Ganey, said that the average payment from the United States to Mexico takes less than three minutes on Ripple’s platform. According to Mr. Ganey, his company plans to send its first international transaction via xRapid. The COO added that “blockchain transactions could offer credit unions additional opportunity, as well, considering cross-border e-commerce transactions are expected to reach almost $1 trillion by 2020.” Xrapid. Source: Ripple.com Coinbase and XRP custody On October 23, the New York State Department of Financial Services (NYDFS) issued a license to cryptocurrency exchange Coinbase granting custody services for BTC, ETH, XRP, BCH, and ETC. This announcement may come as a surprise for many as Coinbase has not yet added XRP to its platform. Therefore, this could mean that the cryptocurrency exchange is considering support for the coin. ComBank - Ripple partnership According to Tokentops, Ripple has signed an agreement with the Sri Lanka-based Commercial Bank of Ceylon (ComBank). The financial institution is said to join RippleNet (the company’s network) to allow cross-border transfers via Ripple’s blockchain-based protocol. The news outlet reported that the partnership was concluded between S. Renganathan, the managing director of ComBank, and RippleNet’s Vice President of Global Sales, John Mitchell, while the representatives of both companies were witnessing the agreement. The National Bank of Kuwait rumor CryptoBriefing reported that one of its sources has claimed that the National Bank of Kuwait (NBK), one of the largest banks in the Middle East, will be using Ripple’s xCurrent cross-border payment service in the “coming weeks.” The rumor w

a month ago

Is the latest Ripple news indicating on its way to going mainstream?

TL;DR In the past few days, Ripple has made significant progress, creating multiple partnerships along with other major events. Some of the above include XRP as collateral on a loan platform, Changelly users being able to buy XRP with credit cards, an exchange dedicated to Ripple, a U.S.-based financial institution testing Ripple’s xRapid, Coinbase getting a license for XRP custody services, a partnership with Sri Lanka’s ComBank, and a rumor where the National Bank of Kuwait is eager to try the organization’s cross-border payments platform. There’s been hype around Ripple news in the past few days with multiple significant events surrounding the cryptocurrency and the organization behind it, including new partnerships, a new XRP-based exchange, a loan provider taking XRP as collateral, and Coinbase custody services allowing support for the coin. Crypto loan platform Nexo adding XRP as collateral On October 22, cryptocurrency loan provider Nexo has added XRP as the newest collateral option for the platform’s instant crypto loans. According to the organization, users with XRP balances are now able to borrow against their asset instantly. Nexo, which uses the SEC-approved custodian BitGo for the platform’s loans, provides services in over 40 fiat currencies to customers globally. Nexo stated in its Medium post that the organization “continues to push the boundaries within the crypto-lending space by becoming the first ever lender to start accepting XRP as collateral for crypto loans.” Changelly adding support for XRP A few days ago, the instant-transfer cryptocurrency exchange Changelly announced that it had opened up fiat currencies to be exchanged for XRP on the company’s platform. As Changelly allows its users to buy selected cryptocurrencies with credit and debit cards, this means that they can now conveniently purchase XRP in a matter of a few minutes. “Time to buy XRP now! Convert USD or EUR to Ripple. Big news for Ripple fans and wise investors! You can seamlessly buy XRP on Changelly via our partner Simplex from now on. Give it a shot! Best investments, Changelly,” the cryptocurrency exchange stated. In addition to Changelly, Bittrex has recently announced that the digital currency exchange is providing options for USD-XRP trades for its users. While these two exchanges are supporting XRP, a third one, CoinField, said that they are considering adding the coin as their platform’s base currency for both crypto and fiat pairs. XRP United The cryptocurrency exchange dedicated to the third largest coin, XRP United, went live on October 23. The platform uses XRP as the base currency and offers three live trading pairs: BTC/XRP, ETH/XRP, and BCH/XRP. XRP United is also planning to add support for XMR/XRP. According to the creators of the exchange, they have made XRP their standard currency to increase the use cases of the coin. The creators are striving to make the digital currency the global standard and claim that XRP will provide faster and cheaper transfers than any other currency on the crypto market. Ripple’s xRapid used by Catalyst Corporate The Texas-based wholesale cooperative financial institution, Catalyst Corporate Federal Credit Union, is reportedly exploring Ripple’s xRapid cross-border payment solution. The COO of Catalyst Corporate, Brad Ganey, said that the average payment from the United States to Mexico takes less than three minutes on Ripple’s platform. According to Mr. Ganey, his company plans to send its first international transaction via xRapid. The COO added that “blockchain transactions could offer credit unions additional opportunity, as well, considering cross-border e-commerce transactions are expected to reach almost $1 trillion by 2020.” Xrapid. Source: Ripple.com Coinbase and XRP custody On October 23, the New York State Department of Financial Services (NYDFS) issued a license to cryptocurrency exchange Coinbase granting custody services for BTC, ETH, XRP, BCH, and ETC. This announcement may come as a surprise for many as Coinbase has not yet added XRP to its platform. Therefore, this could mean that the cryptocurrency exchange is considering support for the coin. ComBank - Ripple partnership According to Tokentops, Ripple has signed an agreement with the Sri Lanka-based Commercial Bank of Ceylon (ComBank). The financial institution is said to join RippleNet (the company’s network) to allow cross-border transfers via Ripple’s blockchain-based protocol. The news outlet reported that the partnership was concluded between S. Renganathan, the managing director of ComBank, and RippleNet’s Vice President of Global Sales, John Mitchell, while the representatives of both companies were witnessing the agreement. The National Bank of Kuwait rumor CryptoBriefing reported that one of its sources has claimed that the National Bank of Kuwait (NBK), one of the largest banks in the Middle East, will be using Ripple’s xCurrent cross-border payment service in the “coming weeks.” The rumor w

a month ago

Is latest Ripple news indicating on its way to going mainstream?

TL;DR In the past few days, Ripple has made significant progress, creating multiple partnerships along with other significant The major events include XRP as collateral on a loan platform, Changelly users being able to buy XRP with credit cards, an exchange dedicated to Ripple, a U.S.-based financial institution testing Ripple’s xRapid, Coinbase getting a license for XRP custody services, a partnership with Sri Lanka’s ComBank, and a rumor where the National Bank of Kuwait is eager to try the organization’s cross-border payments platform. There’s been hype around Ripple news in the past few days with multiple significant events surrounding the cryptocurrency and the organization behind it, including new partnerships, a new XRP-based exchange, a loan provider taking XRP as collateral, and Coinbase custody services allowing support for the coin. Crypto loan platform Nexo adding XRP as collateral On October 22, cryptocurrency loan provider Nexo has added XRP as the newest collateral option for the platform’s instant crypto loans. According to the organization, users with XRP balances are now able to borrow against their asset instantly. Nexo, which uses the SEC-approved custodian BitGo for the platform’s loans, provides services in over 40 fiat currencies to customers globally. Nexo stated in its Medium post that the organization “continues to push the boundaries within the crypto-lending space by becoming the first ever lender to start accepting XRP as collateral for crypto loans.” Changelly adding support for XRP A few days ago, the instant-transfer cryptocurrency exchange Changelly announced that it had opened up fiat currencies to be exchanged for XRP on the company’s platform. As Changelly allows its users to buy selected cryptocurrencies with credit and debit cards, this means that they can now conveniently purchase XRP in a matter of a few minutes. “Time to buy XRP now! Convert USD or EUR to Ripple. Big news for Ripple fans and wise investors! You can seamlessly buy XRP on Changelly via our partner Simplex from now on. Give it a shot! Best investments, Changelly,” the cryptocurrency exchange stated. In addition to Changelly, Bittrex has recently announced that the digital currency exchange is providing options for USD-XRP trades for its users. While these two exchanges are supporting XRP, a third one, CoinField, said that they are considering adding the coin as their platform’s base currency for both crypto and fiat pairs. XRP United The cryptocurrency exchange dedicated to the third largest coin, XRP United, went live on October 23. The platform uses XRP as the base currency and offers three live trading pairs: BTC/XRP, ETH/XRP, and BCH/XRP. XRP United is also planning to add support for XMR/XRP. According to the creators of the exchange, they have made XRP their standard currency to increase the use cases of the coin. The creators are striving to make the digital currency the global standard and claim that XRP will provide faster and cheaper transfers than any other currency on the crypto market. Ripple’s xRapid used by Catalyst Corporate The Texas-based wholesale cooperative financial institution, Catalyst Corporate Federal Credit Union, is reportedly exploring Ripple’s xRapid cross-border payment solution. The COO of Catalyst Corporate, Brad Ganey, said that the average payment from the United States to Mexico takes less than three minutes on Ripple’s platform. According to Mr. Ganey, his company plans to send its first international transaction via xRapid. The COO added that “blockchain transactions could offer credit unions additional opportunity, as well, considering cross-border e-commerce transactions are expected to reach almost $1 trillion by 2020.” Xrapid. Source: Ripple.com Coinbase and XRP custody On October 23, the New York State Department of Financial Services (NYDFS) issued a license to cryptocurrency exchange Coinbase granting custody services for BTC, ETH, XRP, BCH, and ETC. This announcement may come as a surprise for many as Coinbase has not yet added XRP to its platform. Therefore, this could mean that the cryptocurrency exchange is considering support for the coin. ComBank - Ripple partnership According to Tokentops, Ripple has signed an agreement with the Sri Lanka-based Commercial Bank of Ceylon (ComBank). The financial institution is said to join RippleNet (the company’s network) to allow cross-border transfers via Ripple’s blockchain-based protocol. The news outlet reported that the partnership was concluded between S. Renganathan, the managing director of ComBank, and RippleNet’s Vice President of Global Sales, John Mitchell, while the representatives of both companies were witnessing the agreement. The National Bank of Kuwait rumor CryptoBriefing reported that one of its sources has claimed that the National Bank of Kuwait (NBK), one of the largest banks in the Middle East, will be using Ripple’s xCurrent cross-border payment service in the “coming weeks.” The rumor was

a month ago

Daily Cryptocurrency News - 25th October 2018

Here are the most important cryptocurrency news of October 25: Forbes Just Launched CryptoMarkets, a Platform That Could Become Serious Competition for CoinMarketCap Forbes has made an excellent announcement for crypto-enthusiasts. Today Forbes has licensed its brand to Forbes CryptoMarkets, a new website that is going to compete with CoinMarketCap. The platform has been developed along with the private investment company NewCity Capital and the blockchain startup trade.io. Features The platform is going to provide real-time information for the top 200 cryptos such as pricing data and market cap. Alongside the real-time information, there will be a news section on the right side. The news section will provide the most important stories from significant crypto publications. During the press release, experts explained that the website will display info and insights from crypto exchanges all over the world such as: Available trading pairs Prices Volume This new platform has the potential to become a strong competitor of the very popular CoinMarketCap. CEO of Forbes Media Mike Federle said: “Forbes CryptoMarkets, a newly licensed business, represents a natural extension of our powerful brand into a new venture that promises to deliver immense value to investors, traders and market watchers.” The platform will also be able to track the performance of crypto-based indices. This feature will be limited to Forbes’s “own offerings” at the moment. There is no doubt this is potentially a revolution on the coin market data sector. We will keep you updated about the progress of this new important platform. New Platform Ethereum Profiles 1.0.0 is Live 3Box just announced the release of Ethereum Profiles 1.0.0, the new simple, user database API for Ethereum. Ethereum Profiles makes it much easier for users to create a reusable profile for their Ethereum Address. This same profile can easily be shared with DApps to simplify the onboarding experience and create a more frictionless, social web3 dapp ecosystem. Ethereum users can also collect and control their information on the distributed web using their existing Ethereum Wallets. 3Box works with all standard Ethereum wallet software such as: MetaMask Coinbase Wallet Trust Wallet Vault And more! For more information, you can visit the 3Box Medium post here. Wirex Debit Cards Will Allow Users to Spend their BTC, ETH, LTC, and XRP; Will Soon Launch in the US Source: Crypto Mining Blog Wirex, a digital cryptocurrency wallet platform has just announced that their prepaid VISA debit cards will soon start being available in the US. The platform teamed up with i2c and thanks to this partnership the cards will be available in the US. 🇺🇸 We will soon be launching Wirex prepaid cards in the USA! 🇺🇸For the first time, US-based Wirex users will be able to instantly buy and convert #XRP #BTC #LTC #ETH into USD - letting you spend your digital tokens seamlessly in everyday life.👇https://t.co/Rthxj0Q4cj — Wirex (@wirexapp) October 22, 2018 There is no exact launch date yet for the Wirex Debit Cards. However, we might see new details soon. Any merchant that allows VISA or Mastercards will accept this debit card as a form of payment, therefore, users can spend their crypto in most places. Users will also be able to withdraw USD from ATMs. Wirex aims to solve this crypto spending problem by allowing cryptocurrency users to spend their crypto in the same way as using a debit card. They want to promote cryptocurrency mass adoption with VISA and Mastercards and integrating with the traditional financial system. Wirex Debit Cards could have a competition with the recently launched Monaco Debit Cards, which have been recently launched in Singapore. As we mentioned before, there is not a date yet for the launch of the Wirex Debit Cards, but they might soon give us one. If you are interested in a Wirex Debit Card, you can go to this link. Cryptocurrency Loans Service Nexo Just Added Bitcoin Cash Support Source: SFOX The cryptocurrency loans service Nexo has recently announced that it will add Bitcoin Cash Support (BCH) Nexo is well known for providing its users crypto-flat loans of more than $10.000, with no credit checks being required as collateral. BCH holders will be able to stake their cryptocurrency as collateral and obtain instant funding in more than 40 fiat currencies. Nexo has been expanding at a fast speed. It recently added support for XRP, and it confirmed support for Bitcoin Cash (BCH) and Litecoin (LTC). Now cryptocurrency holders can borrow anywhere between $1000 to $2 million. Users can now rather than selling BTH when they need access to capital, users can lock BCH into the Nexo platform, before retrieving their coins once their loans have been repaid. Nexo’s cryptocurrency assets are going to be safe thanks to Bitgo, a blockchain security company. Bitgo just closed a Series B funding round from investors including Goldman Sachs. The company has also attracted many i

2 months ago

Nexo Price Surge Elevates Altcoin Into Market Cap Top 65

In the world of cryptocurrencies and altcoins, currencies often tend to rise in value for no apparent reason. In the case of Nexo, the current price increase is quite steep, primarily because the platform is offering some new features. All of these developments seem to spark an interest in the project’s native token all of a sudden. Nexo Price Rise is Becoming Steep It is quite interesting to see how altcoins tend to thrive when Bitcoin is going through an extended rough patch. Although not much is happening in the top 20, it has become apparent the top 100 is quite different in this regard. Nexo is such an interesting example, even though it is doubtful this uptrend will remain in place for very long. In the past 24 hours, the value of Nexo has risen by over 24% in the USD, BTC, and ETH departments. That is a very interesting trend, especially when considering how nearly no other currencies note any gain whatsoever. Even so, the overall trading volume of just over $31.m might not be sufficient to sustain this uptrend for very long. The biggest news today is how the value of Nexo is primarily influenced by XRP-related news. The project itself focuses on instant crypto-backed loans. Now that the parent company supports XRP as a currency for such loans, it is getting a lot of attention all of a sudden. A peculiar correlation. #XRP-Backed #Crypto Loans Now Offered by #Nexo https://t.co/AmvJ50DFl3 — Mr (@LinleyHermance) October 25, 2018 At the same time, there is a lot of speculation as to whether or not Nexo is an option worth keeping an eye on right now. Fly Guy Ethereum is convinced Nexo is a “shitcoin”, which is a pretty harsh label to contend with. At the same home, its value has risen significantly, and the current gains over the past three months are adding up quite nicely already. #nexo $nexo why smell #bitcoin roses when you can party with a #shitcoin ? pic.twitter.com/2s4HYloGkb — Fly Guy #ethereum (@FlyGuyInTheSky) October 25, 2018 Those who do like Nexo, on the other hand, are quite happy to see Nexo in the top 100 ranked by total market cap. This current uptrend caps off a 200% gain in the past month alone, which is pretty interesting, all things considered. As such, it will be interesting to see what the coming days offer for this altcoin, as this bull run appears to be unsustainable. $NEXO now ranked #67 in the top 100 in the #cryptocurrency market cap! Up over 200% in the last month! @NexoFinance #NEXO https://t.co/KIjTCKjE2O pic.twitter.com/1rtCfikHTm — CryptoCurrency (@crypto_goat_) October 25, 2018 Although Nexo offers a more than welcome reprieve in the world of cryptocurrencies, one has to keep in mind steep gains often lead to even bigger corrections. Some profit-taking will kick in for Nexo sooner or later, which can easily send the price below $0.15 in quick succession. A lack of overall trading volume isn’t helping matters much either in this regard. The post Nexo Price Surge Elevates Altcoin Into Market Cap Top 65 appeared first on NullTX.

2 months ago

XRP-Backed Crypto Loans Now Offered by Nexo

Cryptocurrency loans startup Nexo has announced that effective immediately, XRP is being added to the platform as a collateral option following the result of a community poll which indicated that more and more users are now holding XRP. In the announcement on its official blog on October 18, 2018, Nexo also revealed that it is looking into integrating litecoin (LTC)...Read More. The post by Priyeshu Garg appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

2 months ago

The New Blockchain Finance Sector — 3 Companies That Will Find Their Niche

Blockchain will be just way superior to traditional business models in just about every industry sector. Ok, I say ‘will be’ because blockchain and cryptocurrency are still in their infancy and there is a little way to go before businesses start leaping onto the blockchain wholesale. It has taken time for blockchain startups to get financed (ICOs) and to build their tech. Also, no one is sure just how regulation will play out so big Wall Street investment is still on the sidelines looking in. One thing is for sure though, replacement of existing business models with blockchain will happen sooner rather than later. One sector where things are really starting to happen is in Finance and this essay is written from the perspective of disruption of this sector and the companies that will flourish in three of the finance niches. Lendingblock — Cross-chain crypto to crypto lending “Lendingblock, a cross-chain professional trading exchange that specialises in crypto to crypto loans. They are focused on bringing the securities lending model to the digital asset economy.” Lendingblock has a hugely competent team with vast experience in banking and fintech. They have been under the radar for a long time now and they are unique in that they are not looking to attract your average retail investors which other lending companies such as Nexo, Ethlend and Moneytoken are focussed on. In fact, Lendingblock has far bigger fish to fry and is targeting the really big players such as hedge funds, institutions and exchanges. A really big competitor, Genesis Capital, is one of the biggest institutional OTC providers and has now become the first institutional provider for borrowing and lending cryptocurrencies with more than $500 million in loans flowing through its platform since launch. However, Lendingblock differs in that it’s platform is electronic whilst Genesis Capital’s is manual — making Lendingblock’s platform infinitely more scalable. If that wasn’t enough, both companies have now partnered and Genesis Capital was among the first of about 25 or so institutional lenders and exchanges to sign up for Alpha group testing of the Lendingblock platform. The Lendingblock platform will be using real capital and real Lnd in Q4 after the Alpha group testing and is then set to launch for all investors in Q1 2019 and so the price should be ticking up quite soon. A small market cap of only $3 million means that there is plenty of room for growth and the present price is about a quarter of what it was at listing. Do the maths... Polymath — the ‘Ethereum’ for security tokens “Let the stampede begin” The rallying cry from a platform that seeks to be the link between Wall Street and the blockchain. Polymath is a dApp built on Ethereum that tokenises securities. If you consider that ICOs raised over 7 billion this year in capital to mainly fund utility tokens you might get a little excited to think that STOs (Security token offerings) can potentially tokenise trillions of dollars of securities. Imagine the whole of Wall Street tokenised! When we are talking securities we are talking regulation and compliance. How Polymath gets around the problem of allowing any business to tokenise their assets is that they have built KYC and regulatory requirements into the token itself so that it can only be transacted by verified and authorised holders. This does sound problematic for small time investors wishing to buy tokenised assets and only being able to buy certain ones because of the country they come from and as to whether they are accredited or not. Proponents of decentralised cryptocurrencies would probably take umbrage with this system. However, holders of the Poly token would look to see huge gains in growth as more and more businesses pay in Poly in order to launch their own STO. Also, another part of the service Polymath offers is to take care of legalities in order to ensure that businesses are totally compliant — again, paid in Poly. Polymath has huge partners backing it and has one of the biggest communities out there. The Poly token price at present is fairly near its bottom. Look for this to rise as security tokens become the next big thing in the world of crypto. Digitex Futures — The commission free futures exchange The US futures market was estimated to have a value of $27 trillion in 2017! When even a part of this arrives on the blockchain well... Futures are a contract to buy or sell an asset on a given date with an agreed price. Futures typically earn (or lose) money much faster than trading stocks given that price volatility is a lot greater. They are also highly leveraged with the requirement to put up only 10% to 15% of the actual contract. The Digitex Futures token sold out at ICO in only 17 minutes — giving a feel for how highly rated this platform is. We are now very near the actual launch of the platform in Q4 and traders will be able to make short term trades for 0% commission, something that is not available anywhere e

2 months ago

Nexo is honored to have a dedicated button for our instant c...

Nexo is honored to have a dedicated button for our instant crypto loans on @coingecko, the amazing service that pro… https://t.co/M1k3VwmFQq

2 months ago

Nexo (NEXO) Added to the Ethos Universal Wallet

Nexo (NEXO), a cryptocurrency-backed loan platform, has been added to the Ethos Universal Wallet, a mobile crypto wallet product of Ethos (ETHOS). Instead of selling your crypto, #HODL with an instant loan from @NexoFinance, the leading crypto-lending platform. Get cash in 40+ currencies + a 50% off on the interest with $NEXO tokens, which you can now store, track,

2 months ago

This Loan Provider Takes Ripple (XRP) as Collateral

Crypto loans provider Nexo has announced that XRP is now accepted as a collateral option for users to access instant loans. Announcing the move on its official blog last week, Nexo revealed that the decision was taken following the outcome of a community poll which indicated that users wanted XRP added as an option. The The post This Loan Provider Takes Ripple (XRP) as Collateral appeared first on CCN

2 months ago


News courtesy of berminal.com
Enjoying our data? We have spent over 4000 hours on Platform Development and Coin Research. Donations are welcome!
Trading and investing in digital assets is highly speculative and comes with many risks. The analysis / stats on CoinCheckup.com are for informational purposes and should not be considered investment advice. Statements and financial information on CoinCheckup.com should not be construed as an endorsement or recommendation to buy, sell or hold. Please do your own research on all of your investments carefully. Scores are based on common sense Formulas that we personally use to analyse crypto coins & tokens. We'll open source these formulas soon. Past performance is not necessarily indicative of future results. Read the full disclaimer here.
Dark Theme   Light Theme