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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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Fasttoken to Become the First to Publicize its State Channels

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Despite the introduction of effective solutions like “state channels”, scalability has always been a major cause of concern when it comes to solving complex problems on most major blockchain networks.

Fasttoken State Channel is Here to Stay

Fasttoken, a blockchain-based platform, which has been developing several blockchain-based casino games for the past six months, has recently presented them casino at the gambling industry’s largest event — ICE London, an event with the main agenda of fusing the offline and online gambling ecosystems.

At the ICE London event, the Fasttoken team announced that the platform will be providing unrestricted access to all underlining codes pertaining to their state channels implementation. These codes are said to be streamlined to suit the gambling industry.

The state channels, just like Raiden and the Lightning Network, further ameliorate some critical aspects, which are detailed below.

  • Scalability – Transactions per second are in the range of millions.
  • Speed – With the state channels, the time consumed during blockchain is reduced to seconds or milliseconds.
  • High Costs – Apart from boasting significantly reduced fees during rare blockchain updates, gas fees are also eliminated in state channels. This has however not had any negative effects on transactions. In fact, transactions were reported to be highly transparent and secure.

The Lightning Network which has its primary use focused on payment and the transfer of funds has…

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Neteller to Launch a Crypto Exchange

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The way to make sure that the cryptocurrency momentum continues and that cryptocurrency credibility occurs is when big companies begin offering services based around cryptocurrency and other features of blockchain. This was certainly the case when Neteller recently announced it will offer a cryptocurrency exchange service in addition to its digital wallet services. The company announced that the 28 currencies compatible with the fiat wallet were able to buy, sell, and hold cryptocurrencies – including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. It makes sense to begin with Bitcoin and Ethereum as they are seen as the originators of what cryptocurrency and blockchain can do and also the future of how blockchain can be used, despite news that Ripple may be set to topple them all. Neteller’s move into cryptocurrency shows it has its sights set on a bright future of cryptocurrency and making it more accessible. But where do they stand now?

Neteller and Cryptocurrency

Neteller are optimistic about the exchange features of the digital wallet, claiming that they plan to add more cryptocurrencies in the near future. Neteller’s benefit is the ease at which one can begin their cryptocurrency trading journey. Not only do a range of banks offer services to fund the wallets and exchanges, but so do a variety of online payment options. This helps remove the barrier to entry that exists in…

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Understanding the Uses of Different Types Of Cryptocurrencies

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Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

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