China to Rank to Cryptocurrency Projects

EOS is still the leader, while the newcomer Ontology, which ranks 28th at CoinMarketCap, suddenly took the fifth place
24 December 2018   531

The China Center for Information and Industry Development (CCID) has released the eighth cryptocurrency asset rating. EOS is still the leader, while the newcomer Ontology, which ranks 28th at CoinMarketCap, suddenly took the fifth place. This is reported by Bitcoin.com.

In total, the new version of the rating contains 34 cryptoactives. As can be seen from the table below, EOS, Ethereum and GXChain are in the top 3. It is noteworthy that the latter occupies only the 106th line of CoinMarketCap and is traded on only a few cryptobirds.

CCID's Index
CCID's Index

Since the publication of the previous version of the rating, Bitcoin has rolled back from the 13th to the 18th line. According to Chinese analysts, the first cryptocurrency is surpassed by such assets as Komodo, Nebulas, BitShares, NEO, Steem, Lisk, Ark, Stellar, Waves, Ethereum Classic, Qtum and Cardano. Close the list of Litecoin, NEM and Decred.

When compiling the ranking, CCID experts rank cryptoactives according to the following criteria: basic technology, innovative potential and practical applicability. Returning to Ontology, note that the analysts highly appreciated the underlying technology of the asset.

Its [Ontology’s] main network was launched in June 2018. In this assessment, Ontology has outstanding performance in basic technology and application, with a composite index of 112.6, ranking fourth in the [overall] list.
 

CCID

The main goal of Ontology developers is to create a network uniting the blockchain and the real economy. The project focuses on digital identification and trust management.

CFTC to Approve LedgerX's Deliverable BTC Futures

At the same time, another platforms such as Bakkt, ErisX and Seed CX still awaiting regulatory approval
26 June 2019   65

Cryptocurrency derivatives provider LedgerX LLC has received a license from the Authorized Derivatives Market (DCM) from the US Commodity Futures Trading Commission (CFTC), which will allow it to launch the country's first bitcoin futures.

Deliveries for deliverable futures are made in the underlying asset, not in fiat funds. Thus, LedgerX outstripped the Bakkt, ErisX and Seed CX platforms, which are still awaiting regulatory approval.

At the same time, LedgerX intends to launch the Omni platform for trading options, swaps, and bitcoin futures for retail investors, since at the moment it does not see enough interest from institutional market participants.

However, it should be added that some experts have already expressed fears that the nature of the license received will not allow LedgerX to provide margin tools to customers, and Bakkt should have such functionality.

Recall about the intentions to obtain the appropriate permission and overtake competitors LedgerX said in April.