CoinMarketCap excluded indicators of S. Korean exchanges

This led to the panic sell and huge price drop of top 10 cryptocurrencies
09 January 2018   1016

On Monday, January 8, the popular analytical resource CoinMarketCap excludes from the calculations of average bitcoin rates and other cryptocurrency data of South Korean exchanges without any prior notification. This is reported by the media and users in social networks.

This situation led to the huge price drop of the majoity of cryptocurrencies. 

Top Ten cryptocurrencies
Top Ten Cryptocurrencies

Coinmarketcap team reported about this issue only after all happened. 

Nevertheless, if you look at other analytical resources, for example, Cryptocompare or Livecoinwatch, the average rate of bitcoin and many other cryptocurrencies is slightly lower than on CoinMarketCap.

Also, it should be noted that in the "Markets" section, the data of South Korean exchanges are still present.

As is known, on the South Korean platforms, crypto-currencies are traditionally traded at prices, often 10-15% higher than those at other global exchange sites. At the same time, arbitration when working with them is difficult due to the need to indicate when registering the telephone number of the South Korean telecom operator and other information that can be obtained only from South Korea.

tZERO to Launch Bitcoin Trading App

Application itself is being developed by Bitsy; it may also begin to support Ethereum in the future
22 March 2019   142

The security tokens platform tZERO announced plans to launch a mobile application for buying and selling bitcoin. In the future, the application may also begin to support Ethereum,  CoinDesk reports.

According to Saum Noursalehi, CEO of tZERO, applications for iOS and Android devices should be launched in June. Bitsy is developing it, a cryptocurrency start-up that is part of the portfolio of the Overstock venture division of Medici Ventures.

That’s part of the reason we acquired Bitsy — to accelerate time to market for our mobile app. They have an app for trading crypto, primarily bitcoin, in a beta-phase, they built a wallet and key recovery mechanism, and this will be the foundation of the mobile app for tZERO. They are also working on some cool stuff like biometric login. 

Saum Noursalehi

CEO, tZero

According to him, the application will allow you to store cryptocurrency without the need to trust third parties and it will be connected to the network of exchanges through the API. The implementation of this plan will occur through partner tZERO, the institutional trading platform SFox.

In the future, the head of tZERO added, the platform also intends to create its own cryptocurrency vault to meet the demand from users.

The public beta testing of Bitsy wallet started in November 2018. With his help, the Overstock retailer plans to launch Bitcoin sales on its website.