Krypton Software Launches Crypto Market Indices

Krypton Software is rolling out three distinct indices to track different changes in the crypto market
21 February 2018   1246

Krypton Software, a trading technology provider, is launching a new set of indices that are tracking changes on the cryptocurrency market. The company is focusing on three distinct measures that may be interesting to different types of traders and investors.

A proprietary algorithm is tracking the changes of each of the indices and calculates them in real time, updating an API feed which can be distributed to a different set of apps. The value is calculating via using the firm’s own price feed which is connected to over 10 crypto exchanges.

The first type of the indices developed by Krypton Software is focusing on the changes in the value of the market capitalization of the biggest cryptocurrencies. The market cap indices measure the change of the top 5, 10, 30, 50 and 100 cryptocurrencies. The company named those CC05, CC10, CC30, CC 50 and CC100.

The second type of indices which Krypton Software has developed are focusing on volatility. Two products measure the standard deviation of the CC10 on a daily and weekly basis. In contrast to the real-time update on the market cap indices, these generate a new price each 15 seconds.

The third type of indices is still under development and Krypton Software expects it to go live at the end of the month. These products will focus on the different sectors of the cryptocurrency market with the inclusion of coins and tokens that are related to a specific industry. The company has at present defined 9 major categories and 28 sub-categories.

Krypton Software’s team will be making a monthly reconstitution to define which are the top 5, 10, 30, 50 and 100 currencies.

Santander to Deny XRP Token Usage Info

It turned out that bank uses xCurrent in One Pay FX instead of XRP token for international payments, as it stated earlier
25 March 2019   71

Santander, a large Spanish bank, in its Twitter spread incorrect information about cooperation with Ripple.

And although the majority of cryptocurrency holders reacted positively to the statement of Santander, some of them drew attention to the fact that this news had no effect on the growth of XRP trading volume.

It soon became clear that the bank provided incorrect information.

xCurrent allows Ripple customers to make payments using Fiat as well as digital currencies. A similar product, the operations in which are carried out using XRP cryptocurrency, is called xRapid.

Despite the official apology, some commentators suspected the bank of manipulating the market.