We provide you latest cryptocurrency news.
Yahoo Finance integrates Bitcoin, Ethereum and Litecoin trading
As the popularity of cryptocurrency increases, the uses and means of transaction seem to be quite insufficient. To aid these transactions and further provide access to the people, Yahoo finance has decided to make:
Three of the most common cryptocurrencies available for buying, selling and trading.
This has been confirmed by Anthony Pompliano, the founder of Morgan Creek Digital who tweeted saying:
“You can now buy Bitcoin, Ethereum, and Litecoin on Yahoo Finance.”
But the procedure wouldn’t have been possible without the support of TradIt, which designed an (API) Application Programming Interface which “links retail investors and app developers with any online financial broker.” In other words, if your broker is supported by TradeIt, your Yahoo Finance can be linked with your brokerage account.
Lloyd’s of London Ensuring Crypto
Lloyd’s of London, also commonly known as Lloyds, is an insurance and reinsurance marketplace in London, which has been running since centuries. It was founded in 1686, in London, UK.
Due to the increasing interest in cryptocurrencies, the company is slowly seeking to ensure crypto-currencies, becoming the first regulated financial institutions offering to do so. Lloyds would be providing cover against theft, or loss due to natural disaster, for the virtual currency. Kingdom Trust (custodian of over 30 cryptocurrencies) has insured their assets through Lloyd’s of London, for safe keeping.
Eminem Track Shouts Out BTC
It doesn’t come as a surprise that more and more famous figures are mentioning bitcoins. One such example is the famous rapper Eminem shouting out to yet another bitcoin currency, further boosting the fame of bitcoins.
The Shoutout occurred in a song of his recently released album, the song being Kamikaze. The exact lyric stands to be,
‘”Remember everybody used to be bite nickel, now everybody doing bitcoin.”
The rapper, however, does not promote the use of or prohibits the use of bitcoins. He only states its popularity in the sense that everyone is doing them nowadays.
SEC May change Accreditation Laws
It was rumored that U.S. Securities and Exchange Commission might be changing the Accreditation Law for the cryptocurrency. However, the chairman of the SEC emphasized on the matter of security, stating that the agency will not be changing or altering the rules of the cryptocurrency as it is not for them to decide where the security lies in it. Also according to an SEC official, Bitcoin and Ether aren’t securities, which mean they do not necessarily have to comply with the strict US Requirements upon registration.
Morgan Creek Launches Digital Asset Index Fund
The Morgan Creek Capital Management is an SEC-registered investment adviser that provides investment management and advisors to wealthy families or institutions. The firm also suggests customized solutions to target clients and audience.
Morgan Creek Digital backed by Morgan Creek Capital Management launched the Digital Asset Fund. The fund is to provide:
- sovereign wealth funds
Access in the form of cryptocurrency. This is to give investors and others the access and exposure to cryptocurrencies including Bitcoin and Ethereum, although Ripple and Stellar haven’t been introduced or may not be supported by the funding agency, as they were created through a pre-mine (a portion of the tokens were allocated to the project’s founders and investors).