NanoNano NANO news

NANO is a DAG-powered cryptocurrency with instant and zero-fee transactions, enabled by assigning each user their own blockchain.
Price, 24h
0.9389 USD / 0.00023640
1.75% / 1.75%
Volume, 24h
1,099,406 USD
14.54%
Marketcap
121,542,465 / 0.09%
Emission
100%
Chart price/vol/NIS 7d
Asset details

World latest news

Ledger Nano S is Now Supported by the Binance DEX Testnet

The appeal of Decentralized Crypto Exchanges stems from user having full control to their private keys. With multiple cases of exchanges getting hacked and funds being stolen, having 100% access to ones digital assets will be a driving force for the popularity of the Binance Decentralized Exchange when it is fully launched at a yet-to-be-announced date. One can already see the excitement present with the availability of its testnet to the public. Ledger Nano S Now Supported With the testnet of the Binance Chain currently live and running, owners of the Ledger Nano S hardware wallet can now access the platform by installing the Binance Chain app through Ledger Live (developer mode). The team at Ledger made the announcement of Binance DEX supporting the hardware wallet via the following tweet. We’re thrilled to announce that Ledger is supported on the @Binance_DEX Testnet! You can now install the @binance Chain app through Ledger Live (Developer Mode) to access the decentralized exchange testnet with the Ledger Nano S. Read more here: https://t.co/2nfAGjrnaV#BUIDL pic.twitter.com/ZryDlwcHxp — Ledger (@Ledger) February 20, 2019 Ledger and Binance Partner on the DEX The official announcement by Ledger explains that they have partnered with Binance on its Decentralized Exchange project. The team at Ledger states the following: Ledger, a global leader in security and infrastructure solutions for cryptocurrencies and blockchain applications, is thrilled to partner with Binance, one of the largest cryptocurrency exchanges, on its decentralized exchange solution. This entails being able to keep your private keys offline, stored on your Ledger Nano S yet still be able to access the Binance DEX’s trading services. As earlier mentioned, having access to private keys is essential for any crypto owner who wants to keep his funds secure and away from hackers who have on numerous occasions struck crypto exchanges and got away with millions of funds. The most recent being the New Zealand based Cryptopia exchange that is yet to fully recover from its recent hack. There is also the isolated case of QuadrigaCX’s founder and CEO passing away without making available the private keys to the exchange’s crypto wallets. This has then created a situation where millions of users’ funds are inaccessible. With a DEX, this risks are tremendously reduced. Extra Responsibility By Users of Decentralized Exchanges With users have full control of their assets on Decentralize Exchanges, there is it the added responsibility of keeping their recovery phrases secure in the event they lose their hardware wallets. Without the recovery phrases, neither Ledger nor Binance can help access the locked up funds. What are your thoughts on the Binance DEX testnet supporting the Ledger Nano S from day one? Will you be using the decentralized exchange? Please let us know in the comment section below.  [Feature image courtesy of @CHalexov2016] Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Ledger Nano S is Now Supported by the Binance DEX Testnet appeared first on Ethereum World News.
Ethereum World News

What Is Nano? | A Guide to the Instant, Zero-Fee Cryptocurrency

What Is Nano? Nano hopes to become what Bitcoin, at times, struggles to be: an efficient, viable alternative to fiat currencies. In Nano’s white paper, the cryptocurrency’s development team raises concerns over the practicality of Bitcoin as a common currency. The concerns are as follows: Scalability issues have users facing high transaction fees, with a median fee of $10.38. Bitcoin’s high computational latency makes for an average transaction time of 164 minutes. Bitcoin’s proof of work consensus uses an estimated 27.28TWh annually, an average of 260KWh per transaction.   Using its own block-lattice structure, Nano wants to succeed where Bitcoin has fallen short. The cryptocurrency promises to deliver zero-fee transactions in real time without the same work-intensive overhead and energy consumption as Bitcoin. If you think this all sounds too good to be true, pinch yourself and keep reading. In this guide we’ll go over: How Nano Works The Perks of a Block-Lattice Infrastructure Trading History Where to Buy Nano Where to Store Nano Nano Past, Present, and Future Final Thoughts Additional Resources How Nano Works Block-Lattice Structure Like IOTA, Nano uses a directed acyclic graph (DAG) algorithm, but instead of using DAG for the tangle, the project employs its own novel tech called the block-lattice. The block-lattice infrastructure operates like a blockchain but with a few key differences. To start, each account on Nano’s protocol has its own blockchain, called an account-chain. Only an account-chain’s user can modify his/her individual chain, and this allows each account-chain to be updated asynchronously of the rest of the block-lattice network. In effect, this means that you can send and update blocks on your account-chain without relying on the whole network. To achieve this, any funds you send on Nano’s block-lattice require two transactions: a sender transaction and a receiver transaction. In order for a transaction to be settled, the receiving party must sign a block confirming that the funds were received. If only the sending party’s block is signed, a transaction is pended as unsettled. All transactions are sent in User Datagram Protocol (UDP) packets, which keep computing costs low and allow senders to transfer funds even if a receiver is offline. Block-Lattice Ledger One of the block-lattice’s more attractive features is how its ledger handles and stores transactions. Each Nano transaction is its own block, and each new block replaces the one before it on its user’s account-chain. In order to maintain a proper account history, new blocks take a record of the account holder’s current balance and factor it into the processing transaction.   To illustrate this, if you were sending NANO to someone, the transaction is verified by taking the difference between the send block and your current balance on the preceding block. On the other end of the transaction, the receive block would then add the amount to its account chain’s preceding block. The end result is a new block that records the updated balance of each user. Under this system, Nano keeps a record of an account’s balance on its ledger, not a full history of all transactions like traditional distributed ledgers. This means that the Nano network only has to keep a record of each account on its full ledger. Instead of maintaining a record of all prior transactions, the network only stores account balances. If you haven’t grasped why this may present a solution to Bitcoin’s latency and scalability issues, we’re about to go over some of its benefits below. The Perks of a Block-Lattice Infrastructure Improved Latency Thanks to account-chains, each account and its chain can be updated asynchronously of the entire network. By implementing a dual-transaction mechanism, it’s up to both the receiver and sender of funds to verify a transaction. This eliminates the need for miners entirely and paves the way for instant and feeless transactions. Scalability Solutions All transactions on Nano are handled independently from the network’s main chain. They also fit into a single UDP packet and are recorded in their own blocks. Effectively, this does away with blocksize issues because nodes are not responsible for maintaining a comprehensive record of all network transactions. Instead, they only need to store the individual account balances of each account-chain rather than their entire ledger.   With Bitcoin’s traditional distributed ledger, a transaction cannot be cleared until an entire block is built into the blockchain. These blocks act as comprehensive ledgers for the network’s financial information and include Bitcoin’s entire transaction history. As more information is stored, we’ve seen sluggish transaction times and high fees. Nano’s account-chains make for a lightweight infrastructure. And as a result, the block-lattice offers improved scalability compared to legacy blockchains. Energy Efficiency and Decentralization Nano keeps its network secure using a delegated proof of stake model (DPoS) similar to Ark. If any discrepancies arise with conflicting transactions, Nano delegates vote on which transaction to verify as valid. The DPoS offers a number of benefits compared to Bitcoin’s proof of work mechanism. For one, without miners, Nano safeguards itself from mining attacks and the defacto centralization large mining pools have brought to Bitcoin’s network. Nano delegates hold a stake of its currency, so they are deterred from abusing their power lest they compromise the entire network’s legitimacy and thus their own investment.   Further, because of the block-lattice structure, delegates only need to verify transactions if a problem arises. As a result, running a node on the Nano network consumes much less energy than if the nodes were operating under a proof of work model. Delegated nodes only validate conflicting transactions. Trading History Nano had an impressive rise up, from a price standpoint, at the end of 2017. But the coin has since fallen from grace. During the last two weeks of December that year, the Nano price skyrocketed from around $2.30 (~0.000114 BTC) to an all-time high of about $35.00 (~0.00248 BTC). We’ll do the math for you: a jump of over 1,400 percent in half a month. Unfortunately, the Nano price has quickly and steadily fallen since reaching that high. You can pick some up for just over $0.95 (~0.00024 BTC) baseUrl = "https://widgets.cryptocompare.com/"; var scripts = document.getElementsByTagName("script"); var embedder = scripts[ scripts.length - 1 ]; (function (){ var appName = encodeURIComponent(window.location.hostname); if(appName==""){appName="local";} var s = document.createElement("script"); s.type = "text/javascript"; s.async = true; var theUrl = baseUrl+'serve/v3/coin/chart?fsym=NANO&tsyms=USD,EUR,CNY,GBP'; s.src = theUrl + ( theUrl.indexOf("?") >= 0 ? "&" : "?") + "app=" + appName; embedder.parentNode.appendChild(s); })(); As a cryptocurrency that’s directly competing with Bitcoin, it’s hard to imagine Nano recovering. The success of Bitcoin’s scaling solutions would most likely mean the end of the coin. Where to Buy Nano A good chunk of Nano’s trading occurs on Binance with either BTC or ETH. You can find BTC/NANO and ETH/NANO trading pairs with lower volumes on KuCoin and HitBTC, as well. Where to Store Nano The coin currently features two online wallet options (NanoWallet, NanoVault) and three mobile options (NanoWalletCompany, Canoe, NanoBlocks). If you’re looking for additional security, the Ledger Nano S is another great option. Nano Past, Present, and Future Since its launch in 2015 and re-branding in early 2018, the Nano team has made concerted efforts to develop their project and keep the community updated with their progress. The less-than-ten-person team is led by Colin LeMahieu, a software engineer with ten years experience under his belt. In March 2018, the team accomplished an important milestone with their creation of Universal Blocks. Previously, the project used four types of blocks. Universal Blocks consolidate those four types into one block type. This milestone brought improved efficiency, more scalability, and opened up the possibility for several other features. In April 2018, the team re-structured its long-term roadmap.  The web page includes thorough and ever-changing information on Nano’s development in four areas: experience, adoption, wallets, and protocol. Final Thoughts Nano could very well provide a working solution to Bitcoin’s scalability and latency issues. It could also significantly cut back on the energy consumption that has come to define proof of work mining. If cryptocurrency truly wants to become a viable alternative to fiat currency, then we have to stamp out or reconcile the problems Bitcoin presents. If Nano functions as well in practice as it does on paper, you may be buying your pumpkin spiced latte with Nano in the coming years. Editor’s Note: This article was updated by Steven Buchko on 2.19.19 to reflect the recent changes of the project. Additional Resources Website Twitter Discord Github Reddit Medium The post What Is Nano? | A Guide to the Instant, Zero-Fee Cryptocurrency appeared first on CoinCentral.
Coin Central

Ledger Will be Working to Increase Nano S Storage Capacity After Issues With a Firmware Update

Ledger, the popular hardware wallet manufacturer, will be increasing storage capacity on its Ledger Nano S devices after a recent firmware update decreased their storage. The information was released by the company in a blog post on February 14. According to the firm, they released a firmware update for the Ledger Nano S with the intention to create new cryptographic algorithms and introduce a series of critical security enhancements. Although it was possible to achieve the expected results, they also had an unintended consequence that they did not plan for: impacting Ledger Nano S storage. The blog post released by the company reads as follows: “When planning for this update we didn’t anticipate the impact it would have on Ledger Nano S capacity. This was not planned obsolescence, simply put, we messed up. We apologize and we’re committed to making it right.” Now, the team is working to restore the Nano S capacity back to a similar level before the update. As the company explains, the process would not be easy, since the company will have to be sure that the security improvements made during the update remain in place. According to the firm, the intention is to have this done during the second quarter of this year. Moreover, Ledger informed that they are currently working on new features for the nano S. The recently launched Ledger Live mobile app will also soon be compatible with the Ledger Nano S for Android users. They have also informed that they are adjusting their organization and processes to be sure that these things do not happen again in the future. At the end of the blog post, they explain that they take responsibility for this situation and are going to be taking action to solve this problem. Ledger offers a wide range of products and services for users to store their digital currencies in a safe way. One of the most popular products sold by the company is the Ledger Nano S device. A few weeks ago, the firm released the Ledger Nano X, which is very similar to the Ledger Nano S but with a new design, more storage and a larger screen. Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), and BCH Price Analysis Watch (Feb 15th)
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Price Analysis: The Rising of the NANO Market

Resistance Levels: $0.92, $0.98, $1.02 Support Levels: $0.86, $0.080, $0.75 NANO/USD Medium-term Trend: Bullish NANO/USD is on the bullish trend on the 4-Hour chart. NANO was under the pressure of the bears for more than ten days started on January 26 at the resistance level of $1.09 and the coin was making lower lows down the market, the bearish momentum was exhausted on February 6 at the support level of $0.75. NANO price consolidated for a few days, the bulls gained pressure and the coin pushed up to break the resistance level of $0.86 and then rallied towards the $0.92 resistance level where it was rejected to carry out pullback and then continue its bullish trend. NANO is already exposed to the resistance level of $0.92 and it is currently trading above the 21-day EMA and 50-day EMA. The 21-day EMA is crossing the 50-day EMA upside confirming the upward movement of the coin. The Relative Strength Index period 14 is above 60 levels with the signal line pointing downward which implies a sell signal.   The increase of the bullish momentum will lead to the breakup of the $0.92 resistance level which may place the NANO price at the high of $0.98 resistance level. Should the former mentioned resistance level holds, NANO price will range towards $0.86 – $0.80 price level. NANO/USD Short-term Trend: Bullish NANO/USD is on the bullish trend on the short-term outlook. Sideways movement on the NANO market started on February 10 – February 12 within the range of $0.86 and $0.80. The bullish engulfing candle formed triggers the bullish momentum which broke up the $0.86 price level, the coin rallied towards the $0.92 price level but unable to break up the level. As at now, the coin is carrying out price retracement before it resumes its uptrend.   The 21-day EMA has crossed the 50-day EMA upside and the NANO is currently trading above the two EMAs which indicate a bullish momentum on the NANO market. However, the relative strength index period 14 is below 60 levels pointing down which connotes sell signal. The post Price Analysis: The Rising of the NANO Market appeared first on ZyCrypto.
ZyCrypto
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Nano (NANO) news by Finrazor

HIGHLIGHT

The cryptocurrency market has been anything but stable in recent days. But we, the Finrazor team, do not let the spikes and free falls distract us from work. For the past few weeks, we’ve been preparing a series of educational beginner-friendly articles about some of the more established as well as newer technologies

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ESSENTIAL

The Beginner’s Guide to Nano

Nano is a digital currency that uses cryptography to enable peer-to-peer transactions. The project seeks to address blockchain limitations by implementing the innovative block-lattice structure and a delegated Proof-of-Stake consensus system.

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Cryptocurrency and Blockchain - Industry News (02.15.19 - 02.22.19)

Total Market Cap, as of 02.21.19 at 5:30pm (PST): $133,778,212,242 (+11.11% from last week) Missed last weeks update? Click here STORY OF THE WEEK •A developer in the community released Tippin.me, a Chrome and Firefox browser extension that enables Bitcoin (BTC) tipping on Twitter via the Lightning Network. CRYPTOCURRENCY EXCHANGES •Binance launches the test-net of its allegedly decentralized exchange, Binance DEX. Users can now manage their own private keys and the associated wallet. •Binance de-lists 5 projects – CloakCoin (CLOAK), Modum (MOD), Salt (SALT), Substratum (SUB) and Wings (WINGS). •Huobi.com lists 3 projects – Stellar Lumens (XLM), Monero (XMR) and Steem (STEEM). •Coinmama, a Slovakian based exchange suffers a security breach which leaked 450,000 user email and passwords. •KuCoin releases version 2.0 of its platform. The update introduces new interfaces across the web and mobile applications, additional 2FA options and order types for users. REGULATION •The U.S. state of Wyoming passed 3 bills that involve digital assets. Digital assets owned by consumers are now categorized as intangible personal property. Banks can now issue digital custodial services and issue securities in tokenized forms, provided they comply with accounting, control and other standards. •The U.S. Securities and Exchange Commission (SEC) settles unregistered securities charges against Gladius Network, whom have conducted an ICO near the end of 2017. There is no penalty as a result of self-reporting. •$430,000 USD worth of cryptocurrencies seized by Belgian law enforcement will be auctioned off on Feb.28 at 12:00pm GMT by Wilsons Auctions – the largest auction company in the UK and Ireland. •The Central Bank of Bahrain’s (CBB) is launching a regulatory sandbox for blockchain and crypto companies. This will allow firms to test solutions and expedite new companies entrance into the market. •2 Bitcoin ETF’s registered by financial firms VanEck/SolidX and Bitwise await approval from the U.S Securities and Exchange Commission (SEC). This kicks off a 45 day countdown to an initial decision. TECHNOLOGY •Samsung’s flagship phone, the Galaxy S10 will introduce “Samsung Knox”, a hardware security feature to store private keys for blockchain applications. •Facebook’s CEO Mark Zuckerberg considers utilizing a blockchain to allow users to login to other sites without going through an intermediary on its existing “sign-in with Facebook” feature, dubbed Facebook Connect. INSTITUTIONALIZATION •Eurex, a derivatives exchange operated by German financial giant Deutsche Boerse is looking to launch futures contracts tied to digital assets such as Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP). •Latin America’s largest investment bank Banco BTG Pactual SA is releasing its own blockchain-based security token dubbed “ReitBZ”. The token’s value is backed by real estate assets within Brazil. PEOPLE •Ethereum loses Afri Schoedon, a core developer for the open-sourced project since 2015. •TrueDigital, a provider of institutional products for digital assets hires Thomas Kim – previously COO of Bridgewater Associates. Bridgewater is a U.S based asset management firm with currently $124.7 billion USD under management. •Digital Asset, a distributed ledger company for financial services loses head of business for Europe, Oliver Hugh-Jones. Key executives continue to depart from the firm. TWITTER •@jack – “I hooked [tippin.me] up and already got tipped some satoshi’s.” •@alecziupsnys – “Taxi reform didn't come from taxis, but from Uber. Hotel reform didn't come from hotels, but from AirBnB. Finance reform didn't come from banks, but from Bitcoin.“ •@cryptoshillnye – “We are either really early or really stupid. $crypto” •@jackdwagner – “If your boyfriend needs to be taken down a notch just start casually asking him how his bitcoin is doing.”
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Dogecoin / USD Technical Analysis: Failing To Capitalize

Dogecoin is neutral in the short-term after the recent rally in the pair failed to break above a former key swing-high DOGE / USD is bearish in the medium-term with price still trading below the neckline of a sizeable head and shoulders pattern Large amounts of bullish MACD divergence seen on the daily time frame Dogecoin / USD Short-term price analysis   In the short-term, Dogecoin is neutral due to the pair failing to move above a former key swing-high during its most recent upside rally. The cryptocurrency is starting to turn lower in the near-term, although price is still above the pair’s 200-period moving average on the four-hour time frame. Technical indicators on the mentioned time frame are turning lower with further scope to push the DOGE / USD even pair lower.     DOGE / USD H4 Chart                                                                         (Source: TradingView)     Pattern Watch The recent rally has created a bullish inverted head and shoulders pattern on the four-hour time frame, which should be monitored closely over the short-term.   MACD Indicator The MACD indicator is trending lower on the four-hour time frame with a bearish crossover underway.   Relative Strength Index The RSI indicator has turned bearish, with push bears taking control below the neutral line. Dogecoin / USD Medium-term price analysis   Dogecoin remains bearish over the medium-term, with buyers unable to move price above the neckline of a large head and shoulders pattern on the daily time frame. A long-term technical bottom has yet to be confirmed in the cryptocurrency, as price remains relatively close to the pair’s multi-year trading lows, despite the broader market rally. Interestingly, Dogecoin is showing bullish MACD divergence on the daily time frame from November of last year.     DOGE / USD Daily Chart                                                                         (Source: TradingView)     Pattern Watch The bearish head and shoulders pattern is the major theme to watch on the daily time frame.   MACD Indicator The MACD indicator remains neutral and is currently failing to generate a clear trading signal.   Relative Strength Index The Relative Strength Index has recently started to recover after an extended period of downward pressure. The indicator is showing that bullish momentum is growing across the daily time frame. Conclusion   Dogecoin is likely to remain under slight downside pressure over the short-term, while its medium-term outlook is decidedly bearish as buyers continually struggle to stage a rally above the neckline of the head and shoulder pattern. Some caution is advised in the medium-term, especially if the broader cryptocurrency market continues to trade higher, as Dogecoin shows a sizeable amount of bullish MACD price divergence that has yet to be reversed on the daily time frame.   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Dogecoin(DOGE) Price $0.0020 Market Cap$241,941,083.92 #ccpw-ticker-24522 .ccc-chart-header { background: #1c71ff} #ccpw-ticker-24522 #ccc-chart-block .exportBtnTop, #ccpw-ticker-24522 a.tabperiods.tabperiods_active, #ccpw-ticker-24522 .coin_details { color: #1c71ff; background: rgba(28,113,255,0.15); } #ccpw-ticker-24522 .coin_details { border: 1px solid rgba(28,113,255,0.16); } .ccpw-container_chart #ccpw-ticker-24522 .coin-container:after, .ccpw-container_four #ccpw-ticker-24522 .coin-container:after {border-color:#ccc !Important;} Join the conversation on Telegram and Twitter!   Decentral Media, Inc., the publisher of Crypto Briefing, is not an investment advisor and does not offer or provide investment advice or other financial advice. Nothing on this website constitutes, or should be relied on as, investment advice or financial advice of any kind. Specifically, none of the information on this website constitutes, or should be relied on as, a suggestion, offer, or other solicitation to engage in, or refrain from engaging in, any purchase, sale, or any other any investment-related activity with respect to any transaction. You should never make an investment decision on an investment based solely on the information on our website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an investment. The post Dogecoin / USD Technical Analysis: Failing To Capitalize appeared first on Crypto Briefing.
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Latin America’s Biggest Investment Bank Launches Security Token

Banks once refused to work with blockchain companies in Brazil. Now, BTG Pactual, Latin America’s largest standalone investment bank, is launching a security token of its own. A Wave of Change in Brazil There seems to be a wave of change happening in Brazil. Bitcoinist reported just a few days ago that Santander Bank was ordered by a Court to keep open Bitcoin Max’ checking account. Banks that were once hesitant to work with cryptocurrency exchanges are being forced to eat humble pie. That marked a small victory for the cryptocurrency space in this part of the world. And now, it seems that financial institutions here are realizing the worth of digital assets within their own portfolios. Banco BTG Pactual SA Is Leading the Way Brazil’s Banco BTG Pactual, the largest standalone investment bank in the region, has announced that it will be entering the cryptocurrency space with its own security token, the ReitBZ. With a plan to raise up to $15 million in its token sale, STO, initial offering, or whatever terminology you prefer, the bank will launch a security token backed by distressed real estate assets in Brazil. The ReitBZ token will use blockchain technology. And investors will be able to buy it using the Winklevoss twins’ Gemini Dollar or ETH. The token is indisputably a security token since investors will receive dividends periodically from the recovery of the distressed assets. Hold Up, What Are Distressed Assets? A distressed asset is one that is put on sale at a reduced price because its owner has been forced to sell it. This may be due to excessive debt, bankruptcy, or regulatory constraints. And it’s especially common when it comes to real estate, a market in which during times of financial crises, people often fail to make their mortgage payments. Distressed assets are an excellent opportunity to buy into a devalued asset and make gains as the market recovers. They’re not so awesome for the person forced to sell, of course, but this is capitalism, after all. The BTG distressed real estate assets will be managed by a BTG subsidiary called Enforce. The ReitBZ token will be available worldwide. With the notable exception of the U.S. (surprise, surprise), and Brazil. Wait, so investors around the world will be able to profit from the rising housing crisis in Brazil–but not the Brazilian people themselves? Right. How’s that for messed up? BTG, however, assures that once the regulatory landscape clears up in Brazil, the ReitBZ will be open to its country’s citizens and maybe even the United States as well. The Opportunity for High Yearly Returns According to the bank, investors can expect yearly returns from these assets between 15-20 percent. Moreover, BTG will be providing market-making services for its token to ensure that investors have sufficient liquidity to sell when they want to. CTO Gustavo Roxo told Bloomberg: BTG is deploying its own capital to provide liquidity because it really believes in the crypto business… We came up with this structure because we think investors in the digital world have a higher risk-taking appetite. By using a crypto asset, BTG can maximize returns from its distressed assets and allow investors to enter the market in a cheaper way. The initial sale period of ReitBZ will last for approximately 90 days and proceeds will be reinvested into the portfolio. Banks and Cryptocurrencies Starting to Gain Momentum The announcement comes off the back of the news last week that JPMorgan became the first U.S. bank to launch its own ‘cryptocurrency.’ With CEO Jamie Dimon well-known for ‘Bitcoin bashing’, JPMorgan introducing its own digital coin to accelerate payments was a shock to many in the industry. However, JPMorgan and BTG are not the only horses in this race. It seems that the banks haven’t been falling asleep at the wheel when it comes to cryptocurrency after all. Japanese Mitsubishi UFJ Financial Group started working on plans for their own token back in 2016. And now Brazil has stepped up to the plate. BTG’s partner and initiative head of the ReitBZ Andre Portilho said: We knew we needed to dominate this technology, so we started experimenting with it a few years back… We thought Bitcoin and other currencies were turning too volatile, but we saw an opportunity with this token to try something new–but also with our skin in the game. The question now isn’t whether other banks will launch their own digital currencies, but rather which ones? Will more banks follow with their own virtual currency? Share your thoughts below! Images courtesy of Shutterstock The post Latin America’s Biggest Investment Bank Launches Security Token appeared first on Bitcoinist.com.
Bitcoinist

Korea Exchange Official: US Decision on Bitcoin ETF Will Set Tone for Local Crypto Market

Korea Exchange Official: US Decision on Bitcoin ETF Will Set Tone for Local Crypto Market An official at South Korea’s sole securities exchange operator, the Korea Exchange (KRX), says the bourse is closely eyeing developments from United States regulators in regard to Bitcoin (BTC) exchange-traded funds (ETFs). The official, reportedly speaking on condition of anonymity, […] Cet article Korea Exchange Official: US Decision on Bitcoin ETF Will Set Tone for Local Crypto Market est apparu en premier sur Bitcoin Central.
Bitcoin Central
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