Coinbase Pro Supports XRP

U.S.-based cryptocurrency exchange, Coinbase has recently added support to XRP on its Coinbase Pro platform.

XRP is the third largest cryptocurrency by market capitalization.

According to the firm it enabled full trading for XRP/BTC. XRP/USD and XRP/EUR order books.

Coinbase Pro is Coinbase’s professional trading platform.

A transfer-only mode is initially activated in which traders can only deposit tokens to begin with.

After a minimum of 12 hours or enough liquidity has been reached before trading is activated.

XRP trading will be enabled to Coinbase Pro customers in the U.S. (except New York State), The United Kingdom, European Union nations, Canada, Singapore and Australia.

Additional jurisdiction will be added in the future depending on the regulatory landscape.

Fetch.AI Token Sold Out In Ten Seconds In Binance’s Launchpad

Another project has shown the world that Initial Coin Offering is still alive and kicking and investors are still willing to engage this new type of capital-raising model.

Although the enthusiasm in this new model has significantly decreased since its peak in 2017 platforms like Binance’s launch pad have shown naysayers that it is still a viable way of fund raising.

Fetch.ai, the second token that has used Binance’s platform to launch their token offering sold out in just a matter of seconds, 10 seconds to be exact.

The demand for the token of a UK-based artificial intelligence and digital economics company was so high that it even ended faster than the immensely popular BitTorrent Token of Tron which barely lasted 15 minutes.

Fetch.Ai describes itself as the first decentralized infrastructure for Autonomous Economic Agents to find communicates and trade with each other.

Its token will serve as a medium of exchange allowing autonomous agents to exchange token for data, services and other goods within the network.

Cisco Opens Development Center In Singapore

Technology giant Cisco System has recently opened a new center in Singapore which is aimed to stimulate the development of new technology in the region.

It is one Cisco’s 14 technology centers around the world, dubbed as the Co-Innovate Center in Singapore it will concentrate on cyber security, the internet of things (IoT) and blockchain technology.

The center will showcase the Rotterdam Project which showcases the different aspects of port operation which can be used in developing ports in Singapore and Thailand.

According to Cisco it has been actively developing blockchain technology in recent years since it joined the Enterprise Ethereum Alliance (EEA).

Industry giants and governments from around the world have been actively pushing for the development of blockchain technology hoping to discover different use cases that can be leveraged to spur a more efficient and cost effective way of doing their business such as administration, supply chain, documentation and other business related applications.

Ukrainian Tram Advertises Pro-Bitcoin Signs

Roman Petrov, an options trader at the Chicago Mercantile Exchange (CME), have shared pictures of a pro-Bitcoin advertisement on a Tramway car located Vinnytsia City of Ukraine.

The picture was shared in facebook showing an LED advertisement sign saying “Bitcoin to the moon,” which serves as a battle cry or cheer for Bitcoin to surge in coin value.

The tramcar is a 32-meter long rail vehicle manufactured locally and equipped with Wi-Fi connectivity.

No one is sure who is behind these advertisement but we can say that the crypto scene in Ukraine is very much alive despite the government’s complex relationship with the nascent industry.

The ads came at a time when the National Bank of Ukraine (NBU) has completed a pilot project for the digital equivalent of the national fiat currency hryvnia.

This was announced by Alexander Yablunivky, the director of the department for payment and innovations at NBU.

According to the bank e-hryvnia should not be confused with cryptocurrencies as it is not, it is digital currency.

A spokes person also reveals that they are not yet decided if the central bank will be using permissioned or permissionless blockchain.

It has been revealed that the bank has not yet decided to use a centralized or decentralized ledger.

Nasdaq Now Showing Bitcoin and Ethereum Prices

Last week, Nasdaq has announced the launching of its first crypto-related indices.

Now it has begun the live feed indices of the top two cryptocurrency by market capitalization.

The price indices come from United States blockchain and crypto market data company Brave New Coin (BNC).

The integration of BNC’s Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELN) will open up new data for clients using NasDaq’s Global Index Data Services (GIDS).

BNC will also be launching a separate index tracking for the price of Ripple (XRP).

However it is not yet clear if this will also be hosted by Nasdaq.

According to Fran Stajnar, the LX (Liquid Index) program was created to address the need for a clear and transparent price discovery of liquid cryptographic asset.

It seems that these new indices coupled with the Nasdaq’s own suite of crypto-related monitoring technology products to help track illegal market activities is intended to address concerns of SEC.

The agency has cited proper price discovery and monitoring difficulty as one of the primary reasons why they cannot approve financial vehicles for the space such as Bitcoin ETF.

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