Whilst you may see NEO as a little stagnant at the moment, the actual NEO ecosystem is seeing fantastic growth. At the time of writing, NEO is valued at just $ 18.54, down 1.28% from yesterday. Ranked 14th for market cap according to Coinmarketcap, NEO is slowly slipping back into the background, though with the addition of another two tokens onto the NEO ecosystem, we could see NEO take a sudden change in direction. Is NEO about to rise once again?
Veteran business journalist Jeffrey Gogo has joined the news desk at Bitcoin.com. Regular readers count on news.Bitcoin.com to bring them coverage from all over the world, and that world now extends to Africa – Zimbabwe to be exact. Zimbabwe as an emerging crypto market is a critical part of the continent to have on-the-ground coverage. Meet the news desk’s man in Africa, Mr. Gogo.
One of Canada’s largest cryptocurrency exchanges, Coinsquare, is expanding into the European market. This is the exchange’s first international expansion under its own brand. Its previous expansions were through partnerships with other companies.
Ontario-based cryptocurrency exchange Coinsquare announced on Thursday, August 23, its plan to expand into the European market in the fourth quarter of this year. The company wrote:
Customers across Europe will have access to Coinsquare’s entire suite of coins – bitcoin, bitcoin cash, ethereum, litecoin, XRP, dogecoin, and dash.
When PornHub announced they would be accepting Verge XVG payments, the cryptosphere erupted, not because the announcement was a huge deal, but because Verge had allowed for a massive hype to build around a mystery announcement that was set to totally change the world of cryptocurrency adoption. The announcement also came off the back of a very expensive crowdfunding campaign, so, PornHub did leave a lot of investors feeling a little spent and a little hard done to with this announcement.
129-year old Northern Trust has long been a stalwart in the financial services world. Now, the company is turning its eyes to the future and is working on projects that incorporate blockchain and cryptocurrency.
Headquartered in Chicago Illinois, Northern Trust has been working with different clients, including corporations and institutional investors, for more than a century. Currently, Northern Trust has offices across the United States and in 23 different countries. As of June 30, assets under management totaled more than $ 1 trillion dollars.
Now the financial services entity is opening itself up to blockchain and cryptocurrencies by involving the nascent technology across a variety of new projects.
One of South Korea’s largest cryptocurrency exchanges, Bithumb, is expanding into Japan and Thailand. The exchange is working on obtaining regulatory approval from the financial regulators of both countries. The new locations are part of the exchange’s global expansion plan.
Expanding into Thailand
Bithumb is currently working on obtaining regulatory approval from the Thai Securities and Exchange Commission (SEC), local media reported Friday. The exchange is the second largest in South Korea at the time of this writing, with a 24-hour trading volume of about $ 358 million, behind only the Kakao-backed Upbit with a $ 582 million trading volume during the same time period.
The Institutes RiskBlock™ Alliance is joining forces with Accenture in a move that will see both companies expand the use of blockchain technology within the insurance sector. Accenture joins the Alliance as the lead framework architect responsible for developing a “production-grade platform” to create and implement blockchain use cases.
The Institutes RiskBlock Alliance is a consortium of industry experts who seek to advance “insurance-specific use cases via RiskBlock’s interoperable blockchain architecture.” RiskBlock was created by The Institutes, a leading and trusted insurance knowledge group committed to developing the risk management and insurance industry.
In this week’s editions of Bitcoin in Brief we’ve covered a number of interesting developments in the crypto space. Several prominent exchanges have announced plans to increase their presence in new markets and locations, while a newly launched platform aims to rate them according to their liquidity, security, and volume. The weekly roundup also mentions a $ 300 million venture fund launched by Andreessen Horowitz, a new crypto vault offering safe storage in Switzerland, a patent promising to prevent the next Mt. Gox, and more.
Cryptocurrencies and exchanges were the focus this week. Coinbase is getting into the decentralized exchange business with its acquisition of Paradex, potentially opening up thousands of ERC-20 tokens to traders, depending on what the SEC ends up doing with regulations. The parent company of the New York Stock Exchange, Intercontinental Exchange, continues work to implement a system to allow large investors to trade bitcoin directly. And Germany’s Deutsche Boerse is looking at getting into the cryptocurrency game. Finally, the city of Memphis had its first blockchain conference, which included keynotes from FedEx and a hackathon for various market segments that included some great prizes.
Israeli-based social trading platform eToro is expanding to the U.S. If all goes according to plan, U.S. citizens will be able to trade cryptocurrencies on the company’s platform sometime later this year.
The announcement, which eToro made today, May 15, 2018, at Consensus in New York City, comes on the heels of a $ 100 million funding round that eToro received in March 2018, bringing its total funding to $ 162 million. The company said at the time it would use the funds to expand into new markets.