Swiss bank launched four more cryptocurrencies trading

Swissquote bank made Ethereum, Litecoin, Ripple and Bitcoin Cash available for trading additionaly to previously launched Bitcoin 
18 December 2017   722

Swissquote, a Swiss banking group specialising in the provision of online financial and trading services, has made an announcement on December 18 stating that it launched trading of Ethereum, Litecoin, Ripple and Bitcoin Cash in addition to Bitcoin which has been offered for trading since July 2017.

Transaction amount (EUR or USD) Fees (%)
5 - 10'000 1%
10'001 - 50'000 0.75%
50'001 - 500'000 0.5%

Our Bitcoin trading offer and certificate have been a big success and exceeded our expectations. We are expanding our offer to help investors diversify in cryptocurrencies, just like they do in traditional securities. Cryptocurrencies are increasingly popular, more quickly than anyone expected. By offering them on our platform, investing in cryptocurrencies becomes simpler, safer and accessible to all.
 

Marc Bürki
CEO, Swissquote

Cryptocurrency trading is available for the users who hold a Swissquote trading account with cash in EUR or USD, while CHF is not available yet. Custody fees, stamp tax and stock exchange tax are not applied, and performance graph is stated to be added to the resource later.

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   116

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.