SBI Holdings is interested in blockchain

Japanese company is plannig to build a  "new financial ecosystem based on cryptocurrencies"
27 October 2017   931

SBI Holdings, the financial services division of the Japanese SBI Group, announced its intention to go deeper into the world of blockchain and build a "new financial ecosystem based on cryptocurrencies". This is stated in the company's new financial report and reported by the CoinDesk.

These steps also include collaborative research with partners in order to collect "systematic knowledge" about blocking technologies.

In order to "solve problems" on cryptomarket, SBI Holdings plans not only to buy and mine cryptocurrencies directly, but also to find ways to use them, including creating investment opportunities. Future cases of using crypto currency include money transfers, trade financing and payments.

The SBI Group will endeavor to acquire cryptocurrencies, for the further development of products and services, and to secure market liquidity. This includes the mining of [bitcoin and bitcoin cash], and investments into U.S. Ripple (Ratio of 10.5%).
 

SBI statement

SBI Holdings also confirmed its intention to create a large platform for the exchange and trading of crypto-currencies, the plans for the opening of which was announced as early as 2016.

Bittrex to List LOOM

LOOM is the token of the American startup Loom Network, which launches decentralized applications
18 July 2018   112

Popular cryptocurrency exchange Bittrex listed Loom Network token LOOM. 

As the team of the exchange said, trading with the crypto currency will begin in the near future. On the background of this news, LOOM showed a price jump fo 14%.

LOOM Price Chart
LOOM Price Chart

LOOM is the token of the American startup Loom Network, which is launching decentralized applications.

In January, Bittrex tightened the criteria for listing new tokens. Now, developers need to provide technical information about the token itself, as well as the data of at least one team member. At the moment, the exchange has 290 digital coins.