Daily Cryptocurrency News – 4th October 2018

As always, we are here to keep you updated with the latest important news in the world of cryptocurrency. Today there has been exciting news, and we would like to present it to you.

Prominent Wall Street Investor Joins Crypto Craze, Says Cryptocurrency Is Here to Stay and Bitcoin ETF Is Coming

Wall Street adviser Ric Edelman has decided to invest in Bitwise Asset Management, creator of the world’s first cryptocurrency index fund.

Edelman, who is a best-selling author, is also serving as an adviser to the company. His entrance sets a big step forward for bankers and financial advisers that plan on entering the crypto space and giving it the kind of legitimacy it will need to attract millions of trending investors and adopters.

Edelman says that the future is cashless, and the growth of the cryptocurrency market should not be ignored. With revolutionary technologies such as Ethereum or Ripple – there’s a potential of reconfiguring huge portions of the financial industry.

Ethereum and Litecoin Futures on the Horizon as TD Ameritrade Backs New Crypto Exchange

TD Ameritrade, the first brokerage firm in the world to launch online trading for traditional assets, presented today ErisX. ErisX is a new cryptocurrency exchange for spot and futures trading opened by Eris Exchange, a Chicago-based derivatives market.

ErisX was developed to offer traders access to cryptocurrency spot contracts and future contracts in a single exchange. Jessica Darmoni said that it will allow investors to trade Bitcoin, Bitcoin Cash, Ether, Litecoin and future contracts in cryptocurrencies. TD Ameritrade says that its retail clients “are seeking to access and trade digital currency products in the same way they do with traditional capital markets – through a legitimate, regulated and transparent exchange.”

Reuters has reported that ErisX will give TD Ameritrade clients the ability to trade “other cryptocurrency futures, such as Ethereum and Litecoin,” according to J.B. Mackenzie, TD Ameritrade’s managing director of futures and foreign exchange.

This new investment from part of TD Ameritrade will surely allow ErisX to expand. It will be interesting to see the results and how ErisX will grow as a cryptocurrency exchange.

Gemini Announces “Digital Assets Insurance”

Gemini has just announced that they obtained secured insurance coverage for their assets that they hold on behalf of its users in their online hot wallet.

According to the report, this furthers Gemini’s mission to build the future of money by bolstering our commitment to providing its users with a safe and secure platform to buy, sell, and store digital assets.

Insurers indeed have been hesitant about the crypto industry. Mostly, due to a large number of high-profile hacks that have resulted in significant losses over the years, due to internal controls, policies and bad security standards. However, Gemini, New York Trust company has been able to prove successfully insurers about the safety of the platform.

This news is both great for Gemini customers, and also for the future of cryptocurrency when it comes to further consumer protection. As more cryptocurrency exchanges implement reliable and better security measures, more people will be interested to enter into the world of cryptocurrency.

Ripple and XRP: TransferGo Reveals 90% Cost Savings with Ripple, Crypto Visa Card Platform Adds XRP

Crypto.com has just announced the integration of XRP to its wallet and card payment app. The company is also working to launch visa credit and debit cards that will allow users to spend their crypto anywhere Visa is accepted.

Meanwhile, at Ripple’s Swell 2018 conference, the payment company TransferGo revealed great news regarding cost savings, thanks in part to Ripple’s blockchain-based payment solutions.

TransferGo has reported that the company costs had lowered by up to 90% in some areas at the same time reducing transaction times to less than 30 seconds, according to its CEO Daumantas Dvilinskas. Moreover, TransferGo is now leveraging Ripple’s xCurrent to boost transactions from Europe to India.

“We just launched our first xCurrent transactions from everywhere in Europe to India through a partnership with Access Bank. Ripple helped us build and manage this relationship,” said Dvilinskas.

But they won’t stop here. The company wants to grow its user base from one million to 100 million. To gain that, they will be making cross-border payments utterly free to customers around the world.

The adoption of blockchain-based payment solution seems to have a great potential for cost savings in companies. TransferGo, thanks to this implementation, has seen a 315% growth in just one month. Can cryptocurrency become the payment solution of the future?

New Platform Lets You Send and Receive Cryptocurrency on Telegram

The platform ParJar is now live, and it comes with a very innovative feature, now you can send and receive cryptocurrency without any fees and in the matter of just a few seconds. This means there is no need for the traditional wallet-to-wallet wire transfer and users can trade crypto with just a swipe.

There are many cryptocurrencies available on the platform, such as Bitcoin, Ethereum, Litecoin, Binance Coin, Parachute, Dogecoin, etc. (More information here)

If you missed yesterday news, you can check them here: Daily Cryptocurrency News – 3rd October 2018

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