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Bittrex to Pair Ethereum Classic (ETC) and Ripple (XRP) with Fiat - Global Coin Report
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Bittrex to Pair Ethereum Classic (ETC) and Ripple (XRP) with Fiat

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Ripple
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A big announcement involving Ripple (XRP) and Ethereum Classic (ETC) came this Wednesday, August 8, when Bittrex announced plans to add fiat pairing to these two cryptos.

New trading pairs to be introduced on Bittrex

Back on May 31 of this year, Bittrex stated that it offers fiat trading for all corporate customers. Additionally, the exchange hinted that it might soon be adding new crypto/fiat pairs. At that point, the exchange only paired Bitcoin (BTC), TrueUSD (TUSD), and Tether (USDT) with traditional currencies.

However, the exchange said that this list might expand soon, in order to establish better quality control and make sure that the customers are getting the best service that the exchange has to offer. Back then, Bill Shihara, the exchange’s CEO, said that Bittrex is considered to be one of the leading advocates of the blockchain technology. As such, the exchange commits a lot of its efforts to listing new tokens with the best applications in the sphere of business.

However, they also need to be among the most innovative blockchain projects in order to be considered. By adding new crypto/fiat pairs, the exchange hopes to help the adoption of crypto technology, and it aims at allowing more options for its customers in their crypto trading.

Only two weeks after that, on June 14, the exchange announced rolling out what they called the ‘next phase’. The plan was to invite additional groups of customers from the retail industry to become participants in the USD markets. Finally, almost two months after that, the exchange decided to finally add two new crypto/fiat pairs. And so, on August 20, they are expected to launch XRP/USD and ETC/USD pairs.

According to the exchange’s announcement, they are very excited about adding these new pairs. The statement also said that they are not only allowing new pairs that would make their purchase and exchange more direct and practical but are also the only exchange that is currently offering them. Additionally, they plan to continue adding tokens to this market, so that the customers would have access to even more secure, convenient, and fast trading options.

Bittrex plans expansion one step at the time

With the addition of these two coins, the exchange’s customers will now have access to BTC, USDT, ETH, TUSD, ETC, and XRP. Initially, this will only be applied to those customers that are invited to be participants of the rollout. When asked who can apply for the rollout, Bittrex stated that, for now, that list is limited to personal and corporate account customers. There are two different forms for applying, one for corporate customers, and another for personal account customers, which need to be filled.

The exchange’s customers that are currently located outside of the locations that are currently approved will also receive access over time. The exchange has only started with its plan to expand and develop further, and each new phase will bring new updates, additional information, and more.

This is a big move that will significantly increase the liquidity of ETC and XRP, especially within the United States. Not only that, but it also indicates that Bittrex has finally moved on from considering Ripple a security, and is confident that the SEC will do the same.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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VOLUM uncorks its track and trace platform for global alcoholic beverage producer ISBG

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VOLUM onboards global wine and spirits producer, ISBG, to simplify its supply chain process with a track-and-trace platform that digitizes and reduces traditional paperwork

 

ESTONIA — March 2019 — VOLUM, the blockchain ecosystem for enterprises, is announcing that ISBG, a global producer of alcoholic beverages incubator, is partnering with VOLUM to implement its platform into its sales and distribution process. The VOLUM platform digitizes and simplifies both traditional paperwork and the supply chain process, using its operational smart contracts.

 

A supply chain can be a difficult process to track and trace. A comprehensive system of organizations, activities, information, and resources have to be accounted for, not to mention the overwhelming amount of paperwork. So, what’s a large corporation to do, if it truly wants to accelerate its supply chain while cutting back on paper waste? VOLUM has developed a blockchain framework that allows enterprises to convert traditional paperwork into a digital process while safeguarding all transactions and steps within a company’s supply chain.

 

VOLUM leverages blockchain technology with an ecosystem that is specifically designed for farmers, manufacturers, distributors, public utilities, governing agencies, financial institutions, and IoT data hosts. The VOLUM…

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Blockchain-Focused ETF Arrives on London Stock Exchange

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blockchain-focused ETFs
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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Jeff Bezos
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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

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