Copyright © 2017-2018 LHCrypto
All rights reserved.

Crypto News

Bitcoin became cheaper, RippleNet and CIMB Bank, SIX blockchain

11/16/2018
|
  • collapse_cryptocurrency
News list

The stock markets collapsed, cryptocurrencies lost up to 15%. RippleNet will use the Malaysian bank CIMB, SIX Exchange will transfer to the blockchain.

Bitcoin is trying to recover from the fall

On Wednesday evening, the price of Bitcoin dropped sharply to the level of 5402.10, setting a record low of 2018. However, the very next day it rose to 5747.30, having won back part of the fall. This happened against the background of global sales of other exchange-traded assets.

Experts cite several reasons for what happened. They are reminiscent of hardfork Bitcoin Cash, which was scheduled for November 15th. It is not excluded that this was a kind of manipulative action of one of the major players. It is known that the price on the BitMEX trading platform first fell, which pulled all other markets along with it. The total capitalization of the cryptocurrency market at the peak of the minimum fell to $ 180 billion.

More bitcoin forecast

Bitcoin is trying to recover from the fall

RippleNet Blockchain and CIMB Bank

Another lending institution connected to the RippleNet platform. This time it was among the five largest banks in Malaysia CIMB. The purpose of cooperation is to improve the quality of services by increasing the speed of payments and reducing costs.

The bank already has its solution, but it wants to expand the possibility of conducting instant transactions in several regional areas. However, Ripple does not say what kind of product the new partner will use. Not all of them are based on the XRP token. Most recently, the head of Ripple Brad Garlinghouse announced that the adoption of cryptocurrency regulation rules will increase their popularity among ordinary and corporate users.

RippleNet Blockchain and CIMB Bank

Swiss stock exchange SIX will move to blockchain

The SIX Swiss Exchange is planning to launch a blockchain-based trading platform in mid-2019. In the transition period, it is planned to use two methods of making payments at once - traditional and digital.

The head of SIX, Thomas Zeeb, said that now cryptocurrency exchanges began to create serious competition to classic sites, and they are forced to look for new solutions. However, it is not yet possible to fully switch to the SIX blockchain. There are some legal aspects that prevent this from happening. Therefore, the site is awaiting clarification from FINMA, the Swiss financial regulator.

Swiss stock exchange SIX will move to blockchain

Are you ready to start?
Open Account Be a Partner

LH-CRYPTO is an online service for crypto-traders

LH-CRYPTO is an online service for crypto-traders. The service is available to everyone, except for the citizens of particular countries and several categories of people listed in the License Agreement. LH-CRYPTO is a free software for making conversion operations with CFDs on various financial assets nominated in cryptocurrencies.

The project does not manage funds and does not guarantee profits. The project only offers a service that allows to make conversion operations with cryptocurrencies on a specially configured software.

This website is maintained and supported by the following legal body:

LARSON AND HOLZ IT LTD

All the settlements in this project are processed solely in cryptocurrencies. Conversion operations are processed on the terms of margin trading without a direct supply of underlying assets. According to the generally accepted term, these operations are called operations with OTC (over the counter) CFDs (contracts for difference).

Trading with OTC CFDs involves considerable risks. We recommend you pay the utmost attention to both theory and practice of margin trading before making any of such operations.

The services provided by this project are not available for: residents of USA, North Korea, Sudan and Syria.