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   730

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.

Cryptocurrency to be Regulated in France

French Ministry of the Economy and Finances creates working group to regulate cryptocurrency
22 March 2018   119

Bruno Le Maire, the French Minister of the Economy, announced the government initiative to constitute the instructions and regulations towards cryptocurrency. The group is also aimed to decrease the influence of Bitcoin and altcoins to the formal system of economy with the help of required concept. These measures would help French government to prevent tax avoidance and some other criminal activities (such as money laundering).

In an op-ed that was published in French media this week the Minister of the Economy Bruno Le Maire made a promise not to miss the blockchain revolution. He refined the reasons of the French authorities`decision to regulate the technology. According to his point of view, it is impossible for any consumer or entrepreneur to carry out a transaction, invest, develop in business being in a regulatory vacuum. The Minister also put this position on the top among the rest questions to be discussed at G20 Summit in Buenos Aires. Bruno Le Maire is sure that the role of France is to be a driving force in “building the world of tomorrow”.

The Minister is going to present his case at the G20 Summit in 2018 in Argentina. He hopes that the framework can help in decreasing illegal activity in cryptocurrencies. Le Maire also explained that the sphere of digital funds is extremely attractive for criminals.

The leader of the working group is Deputy Governor of the Central Bank of France Jean-Pierre Landau. The French Central Bank supports the Government and hopes there would be no negative impact and consequences for the traditional economy system.

The key object of cryptocurrency regulation is to limit various negative factors in the financial sphere caused by digital money, such as the price volatility. Le Maire claims that at the same time the regulation of the cryptocurrency can support the development of the technology and can even lead to the economic growth. As blockchain can destroy not only traditional daily practices in banking and financial markets, but also patents and certified acts, the French Minister of Economy urges that the working group should foresee all these changes and become “actors of this revolution”, instead of simple viewers.