Market making is part of life in the cryptocurrency sphere – but while traditional markets are able to protect investors through a ‘separation-of-powers’ rule, crypto markets have no clear guidelines that define and enforce restrictions on how market makers operate.
Take the case of TokenPay, an ambitious blockchain project that aims to bring crypto into mainstream use among retailers.
What would it take for economies to be transformed? From measuring the worth of assets in fiat currencies — pounds, euros, dollars, and so forth — to a digital currency system that values every good, service, and commodity in Bitcoin?
The task of overseeing and implementing such a monumental shift would be overwhelming… yet it’s not without precedent, at least on a national scale.
Factom is an enterprise-grade blockchain layer. It acts as a crosschain solution that allows independent nodes to communicate with Bitcoin through the Factom protocol. Instead of storing entire records on the blockchain, it acts as an encrypted, immutable directory. Factoids (FCT) are the native cryptocurrency coins used by the Factom blockchain.
Ripple has a bearish short-term trading bias
Horizen Labs, a blockchain tech company which builds DLT sidechain solutions, has just announced the completion of its seed funding round. Led by Digital Currency Group (DCG) Liberty City Ventures, and independent investors, Horizen was able to raise over $4 million in capital, twice as much as the startup had hoped for.
Horizen aims to offer blockchain enhancements to companies seeking to leverage DLT without months of development or breaking the bank.
Qtum, a blockchain token for dApps and smart contracts, is now available for trading on Quantfury, a mobile trading app supporting several cryptocurrencies and other investment assets.
According to a joint announcement, Quantfury offers assets at exchanges’ best bid and ask prices with no commissions, leverage fees, or maker and taker fees. Instead, Quantfury uses its own trading strategies by leveraging machine learning software and analyzing user data.
Coinbase has announced new debit cards, allowing users to spend Bitcoin, XRP, Litecoin, and Ether directly from the users’ Coinbase account. The new “Coinbase Card,” to debut in the United Kingdom, will allow holders to spend their favorite cryptocurrencies “as effortlessly as the money in their bank.”
Bitcoin
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