Cryptsheets Recap - 26 Jan
Japanese cryptocurrency exchange Coincheck has suspended all withdrawals as a Ripple payment worth $123mln left its wallet. Unconfirmed reports additionally allege $600 mln of NEM has left the exchange.
Robinhood launches cryptocurrency trading with zero fees. Initially only Bitcoin and Ethereum will be available, however a ‘listing committee’ has been established to analyse altcoins on factors such as security, functionality and demand before a decision to include them is made. Over 300,000 people have already signed up for early access.
Coinbase’s GDAX exchange has partnered with trading software provider Trading Technologies in an effort to meet demand from the institutional trading community.
Russia’s ministry of finance legalises cryptocurrency trading.
Brisbane Airport in Australia has pledged to become the first cryptocurrency friendly airport, with all stores and restaurants accepting Bitcoin, Ethereum and Dash.
The lightning network continues to grow rapidly with now over 200 nodes and 662 channels on the mainnet. Andreas Antonopoulous shares his insight on what lightning will be like on the latest edition of Lets Talk Bitcoin.
Decentralised exchanges are becoming increasingly common and will enable the crypto economy to move away from centralised exchanges. Nugget’s News have put together tutorial videos for RadarRelay and Etherdelta which I found helpful. In a recent talk by Binance CEO Zhao ChengPeng he states that he is worried about the rise of decentralised exchanges but believes the matching speed of his centralised trading engine will always give it a competitive advantage.
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