The rundown: Bitcoin and all major currencies were down in the morning; New Zealand’s crypto platform Vimba introduces its crypto savings service in the U.K.; Pundi X launches the QEX fund in partnership with Quantum Energy Asset Management; Amazon announces two blockchain related services; and Vakt Global offers the “first enterprise grade” blockchain solution within the oil and gas market.
Here is what is happening in the cryptocurrency market on Thursday.
In the News
New Zealand’s crypto platform Vimba is expanding its crypto savings service to the United Kingdom. The service will “provide everyday investors with the opportunity to engage with crypto assets in regular intervals and in smaller increments, as part of an overall strategy to weather the bear market and encourage the long-term growth of the industry,” the company said in a press statement, adding that it will provide UK residents with a dollar cost average investment strategy, involving scheduled purchases of Bitcoin and Ethereum, starting at £10 a month.
Pundi X has launched the QEX fund in partnership with Quantum Energy Asset Management at Consensus: Invest 2018 in New York. The new fund, QEX Fund SP (QEX), is a hybrid fund open to accredited investors. “We’ve chosen to establish the fund following strong interests from investors and companies seeking collaboration with Pundi X,” Pundi X CEO Zac Cheah said in a press statement.
Amazon Web Services has launched two blockchain related services to help companies manage business transactions that require full auditability. Amazon QLDB is a transparent, immutable, and cryptographically verifiable ledger for applications that need a central, trusted authority to provide a permanent and complete record of transactions. Amazon Managed Blockchain allows businesses to to create and manage scalable blockchain networks using the popular, open source Ethereum and Hyperledger Fabric frameworks. Using the AWS Management Console, customers can set up a blockchain network that can span multiple AWS accounts and scale to support thousands of applications and millions of transactions.
Vakt Global, a consortium venture set up by major firms including Shell and BP, has built a blockchain platform to bring new efficiencies to energy commodities trading, CoinDesk reports. On Twitter, the platform is now ready to facilitate the trade in crude oil between commodity firms. The company claims that platform is the “first enterprise grade” blockchain solution within the oil and gas market.
Cryptocurrency Prices Today (As of 9:00 AM EST)
Bitcoin (BTC) is up 0.81% over the past 24 hours, trading at $4,285.53.
Ethereum (ETH) is trading at $117.48 in the morning, down 2.47% over a 24-hour period.
Bitcoin Cash (BCH) is trading at $212, down 3.36% over the past 24 hours.
Ripple (XRP) is trading at $0.3776, down 4.43% over a 24-hour period.
Litecoin (LTC) is trading at $34.22, down 2.92% over a 24-hour period.
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