Today we have a Daily Token Review and two really awesome cryptocurrency news segments to share with you.
As seen on CoinMarketCap, bitcoin (BTC) has increased by 2.53 percent. Ether (ETH) still maintains its “second in command” status, with a minor decrease of 0.48 percent.
Now, if I scroll down to the top 20, Monero has increased 3.51 percent, while Tezos experiences some nice gains with a 7.88 percent increase!
Now onto the news! According to a report by Coinjournal, Bitstamp USA Inc., has been granted a virtual currency license by the New York State Department of Financial Services (DFS), which will make it possible to add support for a vast array of cryptoassets.
Interestingly, the new licensure will also allow the firm to facilitate money transfers onto the Ripple blockchain network, issue XRP balances in fiat U.S dollar, as well as a few other fiat standards.
Now, onto the second news item for today! Per a Crypto Insider report, Bitfinex, a Hong Kong-based cryptocurrency exchange has announced the removal of the $10,000 equity limit for new trading accounts in a bid to create a level playing field for everyone.
Now, what does this mean for Bitfinex? With this forward-thinking maneuver, the Bitfinex exchange will now be open to everyday retail crypto traders and it would also significantly boost the lagging trading volume.
So what are your thoughts on this situation?
Are you confident that securing a BitLicense will significantly boost the reputation of Bitstamp?
And what are your thoughts about the latest Bitfinex minimum equity reduction from $10,000 to $0?
Will it usher in more investors into the exchange and the nascent world of bitcoin in general?
Let me know what you guys think below,
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It’s Cindy with CryptoPig, Catch you guys around!