USD Is an Absolute Leader in Crypto to Fiat Trading

According to the report published by CryptoCompare, the US dollar is involved in exactly one half of all the crypto/fiat transaction.

Source: CryptoCompare

The second and third places belong to the Asian market (Japanese yen – 21%, Korean won – 16%). The other fiat currencies that also made it to the rating were British pound, Euro and, surprisingly, Polish zloty.

The report suggests that this top is not likely to change drastically in the nearest future, although the number of transaction between BTC and KRW has lately increased, meaning that won might soon outrun its Japanese “opponent”.

We remind you:

What is Fiat Money?

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SoFi Partners With Coinbase To Provide Crypto Trading

The California-based online financial company SoFi plans to cooperate with Coinbase to launch cryptocurrency trading on its platform in Q2 of 2019.

Social Finance Inc., abbreviated as SoFi, plans to add a new feature to its platform – cryptocurrency trading, to allow its customers buy and sell crypto anywhere they want. This function will be backed by Coinbase exchange, one of the biggest crypto exchanges in the world with its value of $8 billion. The date of the launch is still unknown, but supposedly it will come out in Q2 of 2019.

According to the CEO of SoFi, Anthony Noto, people nowadays are willing to know more about crypto, in particular, its rate. He stated:

“Our target audience wants to see what the price of cryptocurrency is, and to buy it. They have a desire to do that and in many cases they already are.”

Unfortunately, he did not mention the details of available digital coins, but their transactions will be conducted by Coinbase, it also provides the ability to follow prices, buy or sell digital assets.

Crypto trading will be led by SoFi Invest, while SoFi Money will enable an Annual Percentage Yield (APY) cash account with no fees. The former is a newly-opened branch of SoFi which provides different options. The branch allows users to trade shares from the app on their device. Moreover, there are no management and even transaction fees, yet, some fees involving trading stocks are still charged.

The SoFi company has also announced that they will not file for IPO this year, as it is not their biggest priority. Though in long-term perspective, an initial public offering is still on the roadmap. The current worth of SoFi is $4.4 billion with having raised about $1.9 billion up to now.

Coinbase itself has not made any official statements yet, therefore, we just have to wait and see. But for now, we remind you that at the end of the 2018, Coinbase transferred significant share of its funds onto a cold wallet, where the money is being stored safely.

Coinbase Made a Huge Crypto Transaction to the Cold Wallet

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The Trading Terminal Superorder Is Launching Its Beta Version: New Possibilities for Traders

Crypto trading has become extremely popular in the last couple of years. With the increase of the demand, the supply also goes up: new digital assets come out and, obviously, new places emerge where these assets can be traded and exchanged.

Currently, there are dozens, if not hundreds of various platforms that offer crypto trading services. But there is always a catch. Some trading platforms are too hard to comprehend and have an atrocious interface, others have ridiculous limitations as of trading, most of them charge quite high commission fees for each transaction.

It is very difficult to find a place to buy or sell assets, where you can actually understand how to proceed and where there is a chance of making some profit. Sometimes, it will take ages to find a suitable one. Such platforms are truly rare, and today we will speak about one of them.

Superorder is not just a regular cryptocurrency exchange. It is a trading terminal. Technologies move forward, and people should too. Most sophisticated crypto traders now switch on to trading terminals, because it’s faster, easier and more convenient.

Superorder lets you trade on multiple exchange of your choice at one place. It has a user-friendly interface, it is secure and the orders can be placed much quicker than at a regular crypto exchange.

Unlike other trading platforms with their only options of Limit and Stop orders, Superorder provided for a feature of advanced orders where all the logic is taken care of at the servers, as well as the feature of cross-exchange orders.

We could not miss out the Strategy Builder, a feature which allows you to create your own custom strategy using a drag-and-drop editor in order to put actions or smaller strategies into the sequence as you please. For instance, you can create a strategy where all your assets are sold as soon as BTC hits a particular price point, or make set of order that follow one another (a ping-pong strategy).

Moreover, Superorder creates personalized strategies for any cryptocurrency. Also, using the Portfolio Tracker feature, you will be able to see your balance on each exchange that you traded at.

The other unique and useful features include Trailing Sell & Buy (an advanced type of order that allows traders to purchase and sell their coin at the most profitable price, regardless of the level of volatility), Limit Sell & Buy, Market Sell & Buy (the orders can be placed at the market price or at a specific price), Wait for Rate (this feature allows the user to set a specific price or any other condition which needs to be considered by the system when conducting transactions), Rate Change (it is directly connected to the orders which are already placed and collects the data on these orders for the following ones), tradingview charts, extended chart timeframes.

At the beginning, the partner exchanges of the project are going to be the following ones: Bittrex, Binance, and Coinbase, then KuCoin, Bitfinex, Poloniex, and Bitmex.

Superorder services with 1 strategy are free of charge, but you can always upgrade to a Pro Plan which costs $15.90 a month. The first 2 weeks are free as a trial period.

The terminal released its beta version. All the newcomers willing to participate will get 2 months free from the Superorder team. Trading terminals are truly the new generation of cryptocurrency trading, and those who join in will experience all of its benefits themselves.

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Interview with Mati Greenspan: What Will Happen to the Cryptocurrency Market in 2019?

The crypto industry is going through a hard period. The crypto community have so many question, e.g: “What will happen to the crypto market next?”,”Is it worth selling BTC?”. Well, only the experts can answer on this questions.

Mati Greenspan is a member of Business Insider, he is often cited by financial media, a regular participant of investing.com, FX-Street, hacked.com and etc., co-author of “The Complete Guide to Fintech, Trading, and Investments”.

He will be our financial guide in the latest events in the world of cryptocurrency.

Good day, Mati! In your opinion, the collapse of the crypto market and subsequent investors’ financial losses in October-November 2018, is it a sudden phenomenon or is it just certain historical events which lead to this end?

Hi Coin Shark. Thanks for having me. Actually, I’m pretty sure this is just a continuation of the pullback we’ve been seeing throughout the year. The break below $6,000 per bitcoin was a serious psychological blow as the barrier that was holding up for months was broken quite suddenly.

Do you consider cryptocurrency more like an investment tool or do you really envision the near future, in which we will be able to buy a Coca-Cola for BTC in a store at any place on Earth?

Great question! Bitcoin specifically is a form of global money and the levels of awareness and adoption is growing at a rapid pace but what we’re talking about here is programmable money.

There are many different types of cryptos that serve many different functions. As we go forward, more types of crypto assets will be developed. Some will be designed for investment purposes and some will be more practical and some may serve functions that we haven’t even thought of yet.

In your view, do cryptocurrencies have any real value?

Yes, of course! They’re worth whatever the market is willing to pay for them. Some will rise in value and some will fall.

Which new cryptocurrencies (that appeared in 2018) do you consider to be worth investor’s attention?

2018 saw a lot of new stable coins hit the market, which is a trend that might not be exciting for to-the-moon investors but it is worth watching closely. We need to think of these new stable coins as digital versions of their fiat counterparts. This will pave the way for the next level of tokenized assets that is coming soon.

Briefly, what does a cryptocurrency investment portfolio look like? What are the main rules for investor not to lose all their money?

Just one rule. Diversification!

Not just crypto either. There are all kinds of investments you can make. Stocks, commodities, currencies, ETFs. The more you learn about different types of markets the better off you’ll be.

What is your personal forecast for the financial world in 2019 in general and for cryptocurrency in particular?   

This last year was extremely volatile and even a bit harsh for many different assets including stocks, crypto, commodities, and even currencies. There’s fair a possibility that this could continue into next year but I’m hoping that things will relax and regain composure by the second quarter of 2019.

We’ll see how it plays out.

Learn more here:
https://twitter.com/MatiGreenspan
https://www.linkedin.com/in/matisyahu/

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The UN Will Use Blockchain to Develop Healthcare in Africa

The United Nations division, the Office on Drugs and Crime is going to cooperate with the blockchain company doc.com in order to provide free and accessible healthcare and medical services in the Eastern regions of Africa.

Doc.com is a company that specializes In telemedicine and telepsychology. It uses blockchain to let the customers exchange their personal data for tokens, which will open access to various healthcare services.

The company is functioning in over 20 countries with around 130 thousand customers. The United Nations has been researching the ways to use blockchain for humanitarian causes, thus, this collaboration might become the salvation for poor African countries.

We remind you:

The UN Will Cooperate With the IOTA to Increase the Productivity of its Work

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Bithumb Won the Trial in the Case of a Major Crypto Attack

As reported by the Korean subdivision of CoinDesk, a customer of the South Korea-based cryptocurrency exchange Bithumb suffered a tremendous money loss at the end of 2017 due to a hacker attack.

Back in November of 2017, the hacked victim placed 478 million Korean won (426,600 dollars) to his account at Bithumb. Only a couple hours later, an unknown hacker broke into his account, exchanged the money to Ethereum and stole it. As a result, the poor Bithumb user was left only with 11 cents at his account.

In the attempt to bring his funds back, the victim tried to sue Bithumb. However, the exchange management used the Electronic Financial Transactions Act, according to which the exchange is not a financial company, thus, it is not responsible for the hacker attack and money loss. The court found Bithumb innocent.

We remind you:

Bithumb Outruns BitMEX in the Crypto Exchange Battle

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Bitcoin’s Lightning Network Is Growing: 500 BTC Has Been Passed

The Lightning Network of BTC, which is an emergency measure aimed at solving the problem of scalability is growing by leaps and bounds, passing more and more milestones on its way.

We have already reported about the previous successes of the Network:

Lightning Network of Bitcoin Blew Up: A 1600% Increase Since Last February

Today we have more exciting news. According to the data from 1ML, the Lightning Network has passed the point of 500 BTC in capacity, which is worth more than 2 million dollars. The number of available nodes has also skyrocketed. It is now 25%, which almost twice as much as it used to be before.

The Lightning Network is developing technically and gaining more popularity. In the recent couple of months, it has truly skyrocketed, judging by all the statistics.

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