Security Settles on Ethereum in First-of-a-Kind Blockchain Transaction (CoinDesk.com)
In a first-of-a-kind transaction happening Friday, all it takes to switch from the old world of centralized clearing houses to the frontier of decentralized blockchains was to press a button. A company called Marex is issuing two separate structured notes. Both notes were created using ResonanceX, an investing platform built by Guillaume Chatain, a former managing director at JPMorgan Chase. The first note will be settled the old-fashioned way, on Clearstream, the European clearing house. But the second, otherwise identical note will be registered, cleared and settled on the public ethereum blockchain. All the issuer has to do to change this parameter is select a different option from the drop-down menu on ResonanceX’s dashboard.
Next Following Days To Be Crucial For Ripple (EthereumWorldNews.com)
Ripple has been steadily falling throughout March, although the mid term descending channel was formed well before, in early January 2018, the Chief Analyst at RoboForex Dmitriy Gurkovskiy says. Ripple is trading at $0.6893 on Friday Mar 16. Technically, if the bulls fail to maintain current levels, the next downward target will be at $0.5620 or $0.5630. Previously, an important support at $0.6950 was broken, and this left no hope for the price to come back at $0.8600. In case the price manages to stay at $0.6860 or $0.6885 during the next two days, Ripple may get a chance for some growth.
Bitcoin is Falling Out of Favor with One Key Constituency-Criminals, Says Report (MarketWatch.com)
The price of the No. 1 digital currency, bitcoin, has been on a punishing tailspin of late, falling 40% in 2018 and more than 70% since its peak in December of 2017. And perhaps adding insult to cyber injury, the popular virtual currency finds itself out of favor with another group of users. According to a recent report, illicit activity that is typically associated with bitcoin is on the decline, with the cybercrime industry and money launderers moving away from bitcoin BTCUSD, +2.40% to so-called privacy coins, like Monero-coveted by the underworld for the anonymity of transactions-luring away those who once turned to bitcoin for such features.
Swissquote Expands Cryptocurrency Offering with SIX Multi-Crypto Active Index (FinanceMagnates.com)
Swissquote Group, Switzerland’s leading provider of online trading services, has expanded its crypto offering with an actively managed multi-cryptocurrency Certificate, powered by its machine learning algorithm. The exchange-traded product is listed on Switzerland’s largest stock exchange, the Six Swiss Exchange. Swissquote’s offering removes one of the barriers to the introduction of a Cryptocurrency ETP to institutional investors as the new investment vehicle allows them to buy into the market without directly investing in the virtual asset class, which regulations prohibit them from doing.
US Trade Regulator Shuts Down Crypto Investment Scheme Promoters (CoinDesk.com)
A U.S. district court in Florida has issued a temporary restraining order against four individuals accused of operating a string of cryptocurrency investment schemes following a request from the Federal Trade Commission. The agency announced Friday that three of the four defendants – Thomas Dluca, Louis Gatto, and Eric Pinkston – were involved in two referral schemes, Bitcoin Funding Team and My7Network. A complaint dated February 20 and unsealed today alleged that they promised would-be investors major returns if they made initial payments in cryptocurrency, mentioning bitcoin and litecoin specifically.
