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From a huge amount of Bitcoin to the adoption of Ripple and XRP, here are some of the stories that open up in the world of Crypto.
Bitcoin
One of the largest wealth managers in the world has accumulated a Bitcoin fortune.
Grayscale Investments now owns over 1% of the total Bitcoin supply for its institutional investors, according to a new Diar report. This equates to over 200,000 BTCs.
In July, the company reported that the pace of investment in greyscale products has reached record levels. Despite the bear market, the company raised a record $ 330 million, the most in its five-year history. The market crisis, however, has now led the shares of its Bitcoin Investment Trust to lose 80% from the all-time highs since the last big Bitcoin rally.
Ripple and XRP
Ripple's senior vice president of product management, Asheesh Birla, says cryptocurrencies like XRP are leaving traditional payment technologies designed over 60 years ago in the dust.
In a new interview with PC Magazine, Birla says that Southeast Asia in particular is "going from cash to digital via mobile payment in a crazy clip." So those countries are now saying that we will build a modern financial product. wire technology of the 50's or SWIFT technology.We will use the blockchain. "
Altcoin Expansion
The Crypto Exchange of San Francisco Bittrex has just launched the encrypted-fiat trading in Texas for a long list of cryptocurrencies.
Bittrex now offers USD trading in 33 states for Bitcoin, Ethereum, XRP, Cardan, Tron, Litecoin, Zcash, Ethereum Classic, TrueUSD, Bitcoin Cash, Tether and Siacoin.
Coinbase Pro
Coinbase Pro is expanding, with four new cryptocurrencies now available for trading.
The platform listed the civic tokens (CVC) ERC20 of Ethereum, district0x (DNT), Loom Network (LOOM) and Decentraland (MANA).
"Our decision to first add the ERC20 tokens is based on the relative ease of integration of the standard with our existing infrastructure, particularly from a security point of view".
The announcement follows the news that Coinbase is considering adding 31 cryptocurrencies in its retail crypt.
Stellar
BitGo has just launched support for Stellar (XLM) in its multi-signature cryptocurrency portfolio. The new addition brings the total number of cryptocurrencies supported on the portfolio to 115.
Today we are pleased to announce support for Stellar! With the addition of lumens (XLM), we now support 115 digital currencies – more information: https://t.co/WxyvLDLcwp @StellarOrg #digitalcurrencies #custodia #XLM
– BitGo (@BitGo) 5 December 2018
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Disclaimer: the opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and operations are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital assets, nor The Daily Hodl is an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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