Bittrex to Launch New Trading Platform

The Bittrex Global jurisdiction is Liechtenstein due to that fact this country has a favorable regulatory environment
01 October 2019   147

Bittrex, the U.S. cryptocurrency exchange, will launch the new Bittrex Global platform, headquartered in Liechtenstein, in late October, the Cointelegraph reports.

Bittrex Global will offer a “wide range of tokens”, as well as customer reward programs, credit card payment support, the sale of private tokens in accordance with EU law and a mobile application for trading cryptocurrencies.

The exchange chose the jurisdiction of Liechtenstein because of the favorable regulatory environment regarding the crypto industry.

In May, Liechtenstein authorities adopted the so-called blockchain law.

Despite the fact that the blockchain in the document has a broader definition - “technology based on trust”, the law regulates the issue and circulation of digital assets, as well as the activities of service providers.

Nasdaq to Launch Index, Based on 100 Crypto Assets

Neural network, considering 200 different factors, helped to create the list of the assets tracked by the CIX100 index
16 October 2019   84

Nasdaq, the world's second largest stock exchange, has added the CIX100 index based on 100 crypto assets, reports CoinTelegraph.

When building a basket of hundreds of leading digital assets, the tool from uses neural network algorithms that take into account more than 200 different factors. Such a comprehensive analysis allows, in particular, to exclude coins with fake volumes.

It is also known that the index draws data on transactions on the nine largest bitcoin exchanges, and also analyzes information from social networks and the media. Only those coins that last in the top 200 for at least three months can become components of the CIX100. The composition of the index will be reviewed monthly.

According to the developers, the index will be useful for both newcomers to the industry and professionals.