Market Analysis Report (13 Sep 2018)

Bittrex Launching USD Markets for TRON (TRX) and Litecoin (LTC)

Yesterday, U.S. based cryptocurrency exchange Bittrex announced that two new USD trading pairs were launched. According to the official Tweet, the company launched US dollar (USD) markets for TRON (TRX) and Litecoin (LTC), following the Ethereum (ETH), Cardano (ADA) and Zcash (ZEC) to USD trading pairs recently added. The company also announced that Bittrex accounts created before 4th of September are already enabled for USD trading, as stated:

“We’re rolling out more USD pairs. On Sep 17 we’re launching US dollar (USD) markets for TRON (TRX) and Litecoin (LTC). Eligible accounts created before Sep 4 are already enabled for USD trading. New user or want to deposit/withdraw USD? Details: …”

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Malta is Eying the Waves Cryptocurrency to Tokenize Financial Assets

The team from Waves met with Joseph Muscat, Malta’s prime minister, and representatives of the Maltese government, to discuss potential scenarios for the use of the Waves platform in the state’s government and corporate sectors. Sasha Ivanov, founder, and CEO of the Waves platform and Vostok, attended a meeting with government representatives and other interested parties on the island to discuss technological cooperation in the fields of healthcare, land registry, voting, and others, as well as proposals to use Waves as a platform for tokenized financial instruments. Prime Minister Muscat stated: 

“Over the last months, the Maltese government has actively solved how to position Malta as a major hub in terms of the digital economy, which will play a central role in the economic sustainability of the years to come. The Maltese government has legislated three acts that will provide legal certainty to this space, involving DLT and digital financial products and services such as virtual currencies and ICOs.”

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U.S. Ask Indian Authorities to Seize Property of BitConnect Promoters

Authorities of Illinois and Arizona, have asked the Criminal Investigation Department (CID) in India to seize the property of several BitConnect promoters, per reports from the Times of India news. BitConnect was an open-source cryptocurrency and an investment program accused of running a Ponzi scheme before ceasing operations in January of this year. The CID investigators assigned to the case reported that they have since learned that the alleged suspects, Satish Kumbhani and Divyesh Darji, two local promoters of BitConnect, began their cryptocurrency-based investment in Dec. 2016 and allegedly defrauded investors of Rs 41,000 crore (around $5.6 billion). CID crime investigator said:

At the time, one BitConnect coin was worth about $360, and people invested their Bitcoins due to the attractive returns promised. While Darji was arrested from the Delhi airport on his way back from Dubai, Kumbhani is still absconding.”

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John McAfee Bound For Malta Blockchain Summit

John McAfee, the famous British-American programmer and businessman is now confirmed as a speaker for the Malta Blockchain summit. McAfee has been ranked as one of the top 5 cryptocurrency personalities by the Bithemoth Exchange along with Vitalik Buterin, Roger Ver, Changpeng Zhao, and Satoshi Nakamoto. Eman Pulis, Founder and CEO of the Malta Blockchain Summit, stated:

“We are extremely excited to have with us the legendary John McAfee on the Blockchain Island this November. As one of the most prominent characters in the crypto space, we are certain that McAfee will provide a monumental contribution to the gravity of the show and the overall excitement around the Summit,”

To date, the entire expo floor plan of the summit is sold out, the ICO Pitch is almost filled, and over 2000 tickets have been issued. With three months to go, starting on the 1st of November, the Malta Blockchain Summit is already on its way to filling its promise to becoming a landmark event in the global blockchain calendar.

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