$10 Billion Bet on Bitcoin and Crypto Launches, Plus Ripple and XRP, Ethereum, Tron, Litecoin, EOS: Crypto News Flash
From a new trading desk for institutional investors to the expansion of XRP, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin, Ethereum, Litecoin, 0x, Basic Attention Token, Bitcoin Cash, Ethereum Classic
Coinbase has launched its new over-the-counter (OTC) crypto trading desk for institutional investors.
The platform is a key part of the company’s plan to attract $10 billion of Wall Street capital sitting on the sidelines.
It allows investors with deep pockets to make large trades at a fixed price, which often happens between an investment bank and its clients. As reported by Cheddar, the trading desk currently offers BTC, ETH, BCH, LTC, ZRX, BAT and ETH.
Ripple and XRP
The McCombs School of Business at the University of Texas at Austin is working with Ripple’s campus-based Blockchain Initiative. You can check out the details here.
Read how @UTAustin is working with @Ripple's University Blockchain Research Initiative to expand interdisciplinary study and research into #blockchain. https://t.co/DeS2OHEYUU pic.twitter.com/RSQ1Psrv2I
— Ripple (@Ripple) November 28, 2018
Meanwhile, the popular London-based crypto-to-fiat exchange Skrill just added XRP to its list of cryptocurrencies available for buying and selling.
Thank you to everyone who has asked about @Ripple. It's here!
— Skrill (@skrill) November 27, 2018
Ethereum and MakerDAO
More than 1.4% of the total supply of Ethereum is now locked in MakerDAO smart contracts, according to Long Hash.
MakerDAO is the creator of Dai, which is a decentralized stablecoin tied to the US dollar and used for Ether-backed loans.
Over 1.4 million ETH is locked in @MakerDAO smart contracts as collateral right now.
That's 1.4% of total ETH supply.
That number is also growing at 12% weekly, and up 58% in the last month.
— LongHash (@longhashdata) November 28, 2018
The creators of EOS are teasing a number of “revolutionary new products” coming to the network. However, requests for a new roadmap look like they won’t be fulfilled anytime soon.
We modify our open source code in the public, but treat our inventions the same way Apple and other corporate leaders do; we release them when ready.
We have lots to share and it’s coming soon – there’s nobody more excited than us to deliver our revolutionary new products.
— BrendanBlumer (@BrendanBlumer) November 28, 2018
The Bad Crypto Podcast just released a new interview with Tron founder and CEO Justin Sun.
The interview focuses on the company’s plans for creating a new wave of decentralized applications.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.