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LyCI – the New Generation of Crypto. Global Access to the Top 25 Cryptos in One Click!

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Zug (Switzerland) – As the global crypto markets move cautiously into 2019 – the demand for a trading platform that offers stability, security and market access have never been stronger.

Combining both traditional investment products as well as crypto assets into one trading platform, Swiss-based firm Lykke is proud to announce the launch of the LyCI Service Token (ticker:LyCI).

Introducing LyCI – Trading Power in a Single Click!

In short, LyCI is a Service Token that allows customers the ability to purchase and trade the top 25 global cryptocurrencies in a single click.

Crucially LyCI is also index linked which means a real-time and rebalanced market-cap-weighted basket of the top 25 crypto assets.  Introduced at the end of 2018 the LyCI Index offers today’s investor peace of mind and flexibility in a single platform.

Mitigating Investor Risk Through the Power of Blockchain.

Pronounced ‘Lucy’ the LyCI Service Token allows both newcomer and professional trader alike the opportunity to participate in the crypto revolution – a diversified risk portfolio is assured as a result of the latest in blockchain technologies.

The sole aim of LyCI is to allow ease of access to the crypto markets and to help mitigate risk in an increasingly turbulent global economy. Formerly of Oanda, Richard Olsen, CEO of Lykke states:

“With the collapse of cryptos in 2018, investors are sitting on losses. They own BTC, ETH, EOS or AltCoins and have to decide if they should just stick with their holdings or switch to another crypto with a better outlook. Buying another crypto is risky, because their timing may be wrong. Instead, it is more efficient to switch to the Lykke Crypto Index (LyCI), a crypto ERC20 token in its own right.

LyCI is rebalanced every minute and profits from the narrow spreads of the zero fee Lykke Exchange. Crypto investors no longer have to index that tracks the winners.

The LyCI service token is the first token of its kind and makes it easy for investors to pick these winners, diversify risk and simplify the management of a broad universe of cryptos”

Available over the Lykke Exchange, LyCI is part of a growing and truly global online marketplace that puts the customer in control of their trading strategy with the option to exchange both crypto and traditional fiat currencies securely and with 0% trading fees.

The first in a series of planned Lykke financial products, LyCI offer security, flexibility and ease of use – combining both traditional assets and crypto in a single platform allows access to a truly global marketplace.

Join the Global Markets Today!

ABOUT LYKKE: Based in Switzerland, Lykke is a company with an international footprint, building a global marketplace for the free exchange of financial assets. Our mission is to not only democratize the financial industry by leveraging the benefits and power of blockchain but also to eliminate the barriers to market entry – we provide equal access to the platform from any global location.

For all press queries, please email or call Marina de Mattos on +41762274163 or visit our website for more information.

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Digital Money Defined and How it Works

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The advancements in modern technology revolutionized the industry such that there emerged digital money. With digital money, international payments are made simpler. The exchange rates are also relatively inexpensive and you are guaranteed with secure payments.

But, What is Digital Money?

In a gist, digital money is an electronic form of payment. Unlike cash, it has no tangible form, and payments or exchanges transpire over computers. Cryptocurrencies such as Bitcoin, Ethereum, and Ripple, are examples of digital money. You can trade in Bitcoin, purchase Ethereum, or buy Ripple through several cryptocurrency exchange platforms. Most of these platforms are relatively easy to use and some even offer a direct link on your electronic wallet accounts.

How Does Digital Money Work?

Blockchain Network

Digital money is created, stored, and exchanged in its individual blockchain network. A blockchain is all about digital information stored in a public database. When a user requests for a transaction, the transaction is broadcast over a peer-to-peer (P2P) network that is composed of computers which are also referred to as nodes. The nodes are integrated with algorithms that can verify the validity of the transactions.

Once the transaction is verified, it is combined with other transactions, which eventually creates a new block of…

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BTC Surged Above $9.5K, will it Continue to Explode Towards $10K?

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After declining as low as $8,600 on May 25, Bitcoin is currently gathering upward momentum and hit near $9,500, representing a 3.5% gain on 1 day. With the price breaking out once again, there is a confluence of signs suggesting BTC could rally past its monthly high of $10,000 in the near future.

However, Bitcoin has seen six lower highs in a row in the past 12 months, which indicates a bearish cycle spanning over a long period of time. If BTC fails to break above $10,000, it increases the probability of the resumption of a correction.

In addition, BTC may be showing a rough inverse head and shoulders pattern, which is regarded as a textbook bottom indicator. Therefore, if BTC failed to break $10,000 this time, it may drop to at least $6,800 to form the pattern.

As a result, we can predict that Bitcoin may soon perform a retracement after hitting the $10,000 and change its direction to the upside movement after retesting the support at around $6,800 – $7,100. So how can we profit from the upcoming huge price volatility? BTC futures trading

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Fireblocks Network Adds DigitalBits, Brings Enterprise-Grade Security to Branded Cryptocurrencies

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DigitalBits, a blockchain protocol and network layer designed for consumer digital assets, is being added to the Fireblocks Network, the most secure digital asset transfer network for institutions, to deliver a safe and scalable infrastructure for the storage and movement of XDB tokens. Integrating the DigitalBits blockchain with the Fireblocks Network enables enterprise-level security support for branded cryptocurrencies.

Branded currencies, inclusive of loyalty and rewards points, and the emerging subcategory of branded stablecoins, account for billions of dollars in value, and have played a vital role in driving consumer behaviour.  As these assets begin the inevitable shift to tokenization, Fireblocks’ novel approach to securing digital assets will prove invaluable to corporate and consumer adoption.

Fireblocks’ Network utilizes a defense-in-depth approach to securing digital assets, combining multi-party computation-based cryptography (MPC) with chip-level isolation technology. This removes the single point of failure from the key-management process and enables hardware-based authentication for counterparty transactions.  Fireblocks innovative approach addresses common attack vectors: cyber attacks, internal fraud and human error, while reducing reliance on archaic, time-consuming practices such as test transfers, whitelisting and hardware wallets.    

“DigitalBits is the first blockchain-focused on servicing branded cryptocurrencies to join the Fireblocks Network” stated Michael Shaulov, CEO & Co-Founder at Fireblocks.  “We are looking forward to assisting…

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