Cryptocurrency news round up - 4/17/2018

Today in current events Im going to touch on a bit of the well rounded world of Cryptocurrency. Unity here today, doing a bit of reading and touching on a few points of interest that have come about lately.

 

OKEx Is Expanding To Malta Given Country’s Comprehensive Blockchain Initiatives

OKEx, a Hong Kong based cryptocurrency exchange has decided on expansion into Malta. “We are confident in the Malta government’s approach and decided to make Malta a foundation for further OKEx growth,” says the official announcement. OKEx is currently the company is second to only Binance. Chris Lee, CEO of OKEx, said in the announcement: “We look forward to working with the Malta government as it is forward thinking and shares many of our same values: the most important of which are protection of traders and the general public, compliance with Anti Money Laundering and Know Your Customer standards, and recognition of the innovation and importance of continued development in the Blockchain ecosystem.”

Malta has been working to build a name for themselves for being one of the friendliest countries for crypto and fintech. The Malta policy makers have been working on ways to promote their nation as a growing leader in the digital assets network.

 Cryptocurrency Exchange Kraken Withdraws from Japanese Market 

Kraken has announced that on Tuesday they have suspended services to Japanese residents. Though they have not currently announced an exact date, but tentatively the last day for deposits will be around Mid-May. They stated that the last day of trading would be around Mid-June. Kraken stated in their follow up statement that:

This is a localized suspension of service that only affects residents of Japan and does not impact services for Japanese citizens or businesses domiciled outside of Japan. Clients residing outside Japan who have access to our Japan banking partners will continue to have access and will still be able to trade our JPY markets.

 

Crypto Conference for Women Will be Held in Moscow on April 28-29

Moscow has been set as the destination for the Crypto Conference for Women set to be held on April 28th through the 29th. the y have set this event to heighten awareness about cryptocurrencies among interested women of the Bitcoin community. It will be held at the Zolotoe Koltso Hotel in Moscow, Russia. Experts and other Entrepreneurs will be invited to speak as well as 24 female speakers, which will share their insight and advice on cryptocurrency and how it works. Also they will touch on initial investments and the market, along with other useful information and commentary.  Over the upcoming 2 years other guest lecturers have the intention of discussing advancing in crypto perspectives in Russia. You can find more information here:

 

3 ALTCOINS LIKELY TO OUTPERFORM BITCOIN FOR THE WEEK OF APRIL 16

I found a recent article that brings up 3 of the top gainers from last week, which are as follows Ripple(XRP), Komodo(KMD), and HireMatch(HIRE) Ripple is believed to be on this list because of the partnership with The Bank of England, The Royal Bank of Scotland, MoneyGram, Banco Santander, BBVA, and more recently Western Union. HireMatch is on this list because of its endorsements with companies like Monster.com, as well as planning an event in Vegas on April 19th at 11:00am, tickets to this event will cost in excess of $1,200 which they believe will ensure top line investors and marketing management. Komodo ends their line up, the reason they feel KMD will be in the running is the fact it is an anonymous, private, and fungible transactions within an open-source cryptocurrency. KMD runs on a unique platform because of this aspect. The SuperNet ecosystem uses KMD as their official cryptocurrency. Supernet is a decentralized group that develops open source and decentralized tools for crypto markets. They also can include anything from decentralized exchanges to multi-coin wallets.

 

Forget bitcoin. Now is the time to buy bitcoin cash: Crypto trader

And lastly in closing, while i am on the subject of current news, CNBC, though we don't necessarily agree with the notion to “Forget Bitcoin,” he does touch on the interesting point that the drastic dip in crypto prices presents another great opportunity for all of the undervalued alts to compete with Bitcoin for “higher moves”, in this case he represents Bitcoin Cash as the key investment idea, again this idealism is entirely his opinion as we form our own as well, and in the long term also expect you to draw conclusions of your own, after all… It is your money and the coins you choose are your investments.