Europe’s First ICO Financed Crypto Asset Manager Licensed in France
A French company with the name the Napoleon Group has become the first ICO financed crypto management firm with an official license in Europe. Even more remarkable about it is that the company is not situated in Estonia or other Eastern European states that have positive regulation on cryptocurrencies. Instead, the company has its headquarters in France, one of the most bureaucratic countries in Europe and possibly in the world. The company’s management consists of BNP Paribas bankers, Jean-Charles Dudek and Stephane Ifrah. Their connection to the financial world of Paris has possibly contributed a lot to this outcome.
Officially Supervised Exchange Gemini lists Bitcoin Cash
After more than a year since the fork of Bitcoin Cash from the main chain of Bitcoin, Gemini will list the cryptocurrency on its exchange. Bitcoin Cash supporters have waited for more than a year for this listing. Gemini is based in New York. The New York State Department of Financial Services (NYSDF) has officially licensed the exchange and supervises it. Essentially, this means for Bitcoin Cash that traders can deal with the exchange now in a trusted environment. Bitcoin Cash under the ticker BCH will have trading pairs in BTC, ETH, LTC, ZEC and in USD. So far, the exchange doesn’t list the rival of BCH, Bitcoin SV.
Coinbase Adds Support for 30 more Cryptocurrencies
The exchangee Coinbase announced that it will add trading pairs for 30 more cryptocurrencies. It currently only supports BTC, XRP, ETH, LTC, BCH, ZRX, ZET and BAT. The full list of the cryptocurrencies is Cardano (ADA), Aeternity (AE), Aragon (ANT), Bread (BRD), Civic (CVC), Dai (DAI), District0x (DNT), Enjincoin (ENJ), EOS (EOS), Golem(GNT), Iost (IOST), Kin (KIN), Kyber(KNC), Chainlink (LINK), Loom (LOOM), Loopring (LRC), Decentraland (MANA), Mainframe (MFT), Maker (MKR), NEO (NEO), Omisego (OMG), Poet (POE), Quarkchain (QKC), Augur (REP), Request Network (REQ), Status (SNT), Sstorj (STORJ), Stellar (XLM), Ripple (XRP), Tezos (XTZ), and Zilliqa (ZIL).
Maduro: Crude Oil Trade in Petro Begins March 2019
Nicolas Maduro announced on Thursday that the trade of crude oil with Venezuela’s national cryptocurrency Petro will begin in March 2019. Maduro stated that this move is a step to get rid of the currency that Washinton uses. Maduro recently talked to Russia’s president, Vladimir Putin. In a similar fashion as Venezuela Russia relies in the international trade with its biggest trade partner China on derivatives and other assets in Yuan. Venezuela will, however, diversify its trade using other cryptocurrencies as well. The US has sanctioned Venezuela for several years now and cryptocurrencies are a way to bypass these sanctions.