The blockchain division of the global social trading platform eToro is in the latest cryptocurrency news for launching a cryptocurrency exchange for pro traders. According to an official press release on April 16, eToro is taking a big leap forward in the crypto market.
Named eToroX, the new exchange launched by the eToro blockchain division claims to be a secure and regulated trading venue. Currently, there are 37 trading pairs and pro traders can convert six cryptocurrencies to fiat – including US dollars, Euros and Swiss francs.
Leading the coming altcoin news section, eToro also decided to allow users to trade Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Dash (DASH), Bitcoin Cash (BCH) and Litecoin (LTC). As the managing director of eToroX named Doron Rosenblum stated, more pairs will be launched in the coming months.
— eToroX (@eTorox) April 16, 2019
More importantly, the eToro blockchain division eToroX has launched eight stablecoins that are backed by the New Zealand dollar (NZDX), Japanese yen (JPYX), Swiss franc (CHFX), United States dollar (USDEX), euro (EURX), UK pound sterling (GBPX), Australian dollar (AUDX), and Canadian dollar (CADX). All of them will be issued and controlled by eToroX.
The CEO of eToro, Yoni Assia, also said that the platform is ready to bring the crypto world to a larger pool of investors, stating:
“We want to bring crypto and tokenized assets to a wider audience, allowing them to trade with confidence. This is the future of finance. Blockchain will eventually ‘eat’ traditional financial services through tokenization.”
The eToro blockchain division will be led by professionals. According to Assia, the financial services will be transferred to blockchain since the tech brings a new paradigm for asset ownership. He believes that right now, traditional asset classes need to be explored and act as a property that needs to be tokenized.
From an altcoin news perspective, it is also important to mention that in March this year, eToro officially launched the platform and crypto asset wallet – when it also announced that it has acquired the smart contracts development company Firmo so that it can explore and add more tokenized assets.
A lot of best cryptocurrency news sites have reported the new eToro blockchain division, noting that it is definitely something that the market needed right now.
Epic Surge Adds 10% ($25bn.) To Crypto Market Overnight
Something huge and amazing going about #TRON and #BitTorrent. I will share with you after June 1. I think I have 70% to win and nail it. Fingers crossed! $TRX $BTT"The FOMO (fear of missing out) is high after the epic surge which resulted in a lot of gains. When markets are on fire like they are now, it is very possible that the rally will continue, analysts claim.
BSV Price Surges By 33% Due To A Copyright Application
“If Bitcoin or any other monetary system seeks to act outside the rules, it becomes an outlaw system, and once it does, it is easy to stop,” he stated.However, one of the most realistic theories behind the BSV price pump in the latest cryptocurrency news is the one in which Calvin Ayre (Dr. Wright's close associate) claimed that the US copyright office had accepted the scholar's claim of being Satoshi Nakamoto - the mysterious Bitcoin creator. Nonetheless, the authorities later clarified that anybody could claim the same, stating that they do not recognize “anyone for anything.”
BitTorrent Token Surges 20% After Justin Sun Tweets Latest Announcement
BitMex Research Shows BCH Experienced Two-Block Chain Reorganization
“Based on our calculations, around 3,392 BCH may have been successfully double spent in an orchestrated transaction reversal. However, the only victim with respect to these double spent coins could have been the original ‘thief.’”As the BitMex research explains, the three interrelated issues during the hard fork brought up 25 transactions (moving 3,392 BCH) not being into the reorganized chain which led to the double spend effect. As reported in the latest cryptocurrency news, at that time, Bitcoin Satoshi Vision (BSV) blockchain which is a result of the previous BCH hard fork struggled with the large block size and then a series of block reorganizations happened back in April. At the start of this year, In January, a deep reorganization of the Ethereum classic (ETC) blockchain happened as well which also included double spending and $1.1 million worth of crypto was involved. The report states further:
‘’The largest concern from all of this, in our view, is the deliberate and coordinated re-organisation. From one side of the argument, the funds were stolen, therefore the actions were justified in returning the funds to their “rightful owners”, even if it caused some short term disruption. However, the cash like transaction finality is seen by many, or perhaps by some, as the only unique characteristic of these blockchain systems.’’
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