Cryptocurrency News: Bitconnect Ponzi Scheme, Coinbase partners for Futures Trading, and Robinhood opens crypto
Bitconnect investors are moving forward with a class action lawsuit seeking to compensate for the companies operation as a Ponzi scheme that was shut down on January 17th 2018. Six plaintiffs are seeking at least $771,000. The Bitconnect guarantee of a 40% monthly return generated a lot of user interest, but the company was sent a cease and desist order of January 4th by the State of Texas.
Coinbase has announced a partnership with Trading Technologies LLC to deliver spot and derivative markets in a side by side trading platform hoping to launch in March of 2018. This means that next to your bitcoin, ethereum, and litecoin you will be able to access bitcoin futures trading. Since the release of futures trading by the CBOE and CME group, interest skyrocketed to all time highs before the markets self corrected.
The mobile trading platform Robinhood, a popular mobile app amongst millennial users for it’s ease of use in accessing US equity markets via smartphones will offer cryptocurrency transactions starting in Feb for consumers in California, Massachusetts, Missouri, Montana and New Hampshire. Robinhood is boasting a zero commission trading structure, and hoping to lower the associated costs for consumers dealing in cryptocurrency.
MARKET ANALYSIS
Today we’re looking up with numbers at healthy, if not historic high levels.
Bitcoin is at $11,133.90
Ethereum is $1,057.65
Ripple lost about 3% today sitting around $1.23
Bitcoin Cash a surprising buck of the recent dropping trend, moving up, if slowly, to $1,621.40
Walton hit a strong gain of 14% now at $37.36
Substratum also hit a solid 8% gain today up to $1.18c
RaiBlocks is up almost 20% today hitting the $15 mark, and Populous is up 12 and a half percent, at $54.
All in all, after what could be considered an aneurysm inducing 4 weeks of market behavior. We’re looking at numbers that are solid, a little more stable, and a little more boring but consistent than what we’ve been seeing.
Stay Tuned to Cryptocurrently for more news, interviews, and cryptocurrency information.
See you on the blockchain.
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