Daily Cryptocurrency News – 13th December 2018

Here are the most important cryptourrency news of 13th December 2018:

Opera Offers Crypto Support With Built-in Cryptocurrency Wallet 

Opera recently announced the “Web 3-ready” Android web browser, which also have a cryptocurrency wallet built-in the browser. As it appears, the September’s beta was a success and users had a lot in interest in this new feature. Opera for Android supports Ethereum (ETF) and other ERC-20 tokens. There’s also a support for crypto collectibles ( ERC-721) such as CryptoKitties. Using the wallet, users can also access dApps. Charles Hamel, Opera Crypto Product Manager declared:

“Until now using cryptocurrencies online and accessing Web 3 required special apps or extensions, making it difficult for people to even try it out. Our new browser removes that friction,”

According to Coindesk, the Opera team improved the user interface significantly and made it really user friendly. There aren’t so many steps needed to set up the wallet and the step-by-step process is easy to use by any crypto enthusiasts or even someone who’s not related to crypto at all:

The company declared that the support for Ethereum was thanks to the argest community of developers building dapps and has gathered a lot of momentum behind it,. The crypto wallet also integrates Ethereum Web3 API which allows users interact with different dApps. The company claims this is a  “tool to access information, make transactions online and manage users’ online identity in a way that gives them more control.” But they couldn’t have done it without the major support from the dApps developers. They wanted to make sure the app will work properly in the browser and thanks to that the wallet “have better stability and better dapp compatibility,”.

You can download and test the app from the Google Play store. OPera further plan to add similar updates to its desktop browser for Windows, Mac and Linux in 2019. A developer version is already available there for testing purposes. Regarding an iOS app, the company declared that the strict environment are making things harder and they don’t see one in the short future.  Vice President for Browsers at Opera, Krystian Kolondra, stated:

“Our hope is that this step will accelerate the transition of cryptocurrencies from speculation and investment to being used for actual payments and transactions in our users’ daily lives.”

German Stock Exchange To Launch Crypto Trading Platform In 2019

It appears that Bakkt will have some competition in 2019. Boerse Stuttgart Group, Gemany’s Second-largest stock exchange, will create and launch a cryptocurrency trading platform in the first half of 2019. The company announced today that by a partnership with the fintech company solarisBank – an engineering infrastructure for the digital assets trading will be created. As solarisBank operates with a banking license in the country, it will also stand as Boerse’s banking partner for the future venture.  Alexander Hoptner, Boerse Stuttgart CEO, declared

“With its combination of technology and banking expertise, solarisBank is a great partner for us to offer central services along the value chain for digital assets,”

In the first months, the platform will offer trading Bitcoin and Ethereum. For other cryptocurrencies, they need to wait until its Initial Coin Offering platform will go live. The platform will be available for both individuals and institutional investors and will work in a similar way to a stock trading platform. This means that open order books, execution and everything else will be in compliance with the local laws. Right now, the company seeks a reulatory approval to offer multilateral trading facility (MTF) for its crypto trading marketplace. MTF is a trading system that allows buyers and sellers of financial instruments trade using electronic systems.

The plans for the stock exchange were revealed last year, and the ICO token trading ones in august this year. The trading app , Bison, will be launched by Sowa Labs ( a subsidiary of Boerse’s) and will offer fee-free trading at launch. Yesterday, SolarisBank teamed up with Bitwala payments startup to help the offer crypto baking services in Germany. More details about that can be found on Coindesk.

Razer’s ‘SoftMiner’ for Gamers – Mining Cryptocurrency for Razor Store Credits

It appears that Razer is stepping on the Asus’s footsteps. The company recently announced a SoftMiner program that miners can use to mine digital currencies when their computers are idle. The profit generated will be contributed to Razer’s GammaNow and users would receive loyalty points which they can use the get discounts on Razer Products.

The partnership between GammaNow and Razer is pretty recent. The management of digital currencies will be GammaNow’s main duty. As they claimed, the miner will mostly mine Ethereum (ETH) and a few others by rotating basis. GammaNow will manage the cryptocurrencies and will offer Razer a fee for the users brought. The users on the other hand, will receive Silver loyalty points in exchange for their mining power. Kevin Allex, Razer spokesperson declared:

“The cryptocurrency that’s being mined through this program is not touching Razer’s hands nor the user’s hands. We get a fee from the third party for generating cryptocurrency.”

GammaNow is a gaming focused platform which users could use to mine cryptocurrencies when their computers are in the ‘idle’ mode. They are then rewarding the users with Gamma points. These points can be used for a variety of digital goods – such as esports tickets and skins. This model could be beneficial for the gamers with a low electricity cost – but not for anyone. Some mining devices won’t even break-even in the current state of the market.

The initiative wasn’t appreciated by the cryptocurrency community. As most of them claims, Razer wants you to mine for a worthless digital currency that expires in one year. You’d better do your own research here and preferably use a pool that actually mine cryptocurrencies instead of using Razer’s SoftMiner.

ErisX Raises $27.5 Million From Fidelity, Nasdaq, Bitmain

ErisX was founded in 2010 to offer cash settles swap futures. Right now, the platform shifted its focus to cryptocurrencies and secures a $27.5 Million in its Series B funding round. The partners that invested in this are the following: Fidelity Investments, Pantera Capital, Nasdaq Ventures, MonexGroup, Consensys, Bitmain, Valor Equity Partners, DRW Venture Capital and Digital Currency Group. ErisX, who operated a regulated Designated Contract Market (DCM) for the past 7 years is now moving its experience to digital currencies and assets.

ErisX wants to launch their crypto spot trading platform in Q2 of 2019 and Futures in the second half of the year.

Starting with Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC), the ErisX solution provides trading, deposits and withdrawals on a stable capital markets technology infrastructure.With a regulated, liquid and accessible offering, ErisX will enhance the digital asset space for institutional and retail traders alike.

The CEO of ErisX, Thomas Chippas claimed that the funding will be used for development and growing the ErisX team.

“With increasing financial support from leading edge firms, ErisX stands to provide the most robust, secure and regulated digital asset offering available to both institutional and individual participants.”

More details about this can be found on Litecoin’s Official website

Other Important News

If you’ve missed yesterday’s news, you can read them here: Daily Cryptocurrency News – 12th December 2018

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