Zulu Republic to Launch WhatsApp Crypto Transfer Bot

Lite.im is already available for Telegram and Facebook Messenger; it allows to send and receive BTC, ETH, LTC and ZTX (Zulu Republic own token)
20 May 2019   1019

Lite.im WhatsApp bot is now available. Thanks to it, the users of the popular messenger got the opportunity to send each other transactions in Bitcoin and Litecoin.

In addition to BTC and LTC, the new service also supports Ether (ETH) and ZTX, the native token of the Zulu Republic platform, developers of the bot.

WhatApp Lite.im Bot
WhatApp Lite.im Bot

To start sending transactions, users simply install the Lite.im and the follow further instructions. In particular, you can determine the coin to be used by default, the language (at the moment you can choose between English and Spanish), and also set a password.

Earlier, Zulu Republic launched a similar service for Telegram, and added support for Facebook Messenger later. In addition, Lite.im allows to carry out cryptocurrency transactions using SMS messages.

Now Lite.im also supports WhatsApp, whose user base is estimated at more than 1.5 billion people around the world.

BTC Futures Didn't Collapse Market in 2017, - CME

According to the managing director of CME Group, they "didn’t have that wherewithal, that ability to drive that impact"
14 November 2019   154

Tim McCourt, managing director of CME Group, has denied the widespread theory that the alleged launch of regulated bitcoin futures caused a market crash after the 2017 rally.

A lot of times, people ask us, ‘Did futures cause the price to decline from $20,000 to $3,000?’ And the answer is ‘no,’.

Tim McCourt

Global head of equity index and alternative investment products, CME Group

He recalled that at first the turnover of bitcoin futures on CME was 1,100 contracts, which is equivalent to 5300-5500 BTC or about $ 100 million at prices at the end of 2017.

There is no way over that period of time, given the size of the Bitcoin market, in terms of spot trading or the ability to mine Bitcoin, that futures could cause that impact. These things are governed by the law of supply and demand. We just didn’t have that wherewithal, that ability to drive that impact.

Tim McCourt

Global head of equity index and alternative investment products, CME Group

Chicago Mercantile Exchange (CME) Bitcoin Futures was launched on December 18, 2017. A day earlier, the price of bitcoin reached a historic high in the region of $ 20,000, but soon plummeted.

Despite the sharp change of mood and the bear market, the volume of bitcoin futures trading on CME grew - by May of this year, the average daily turnover reached 13,600 contracts, corresponding to 68,000 BTC or $ 515 million at the exchange rate at that time.

We certainly play a role in the price discovery because people can freely express their demand to buy and sell at CME and transact with one another, but I wouldn’t necessarily say we are impacting price.

Tim McCourt

Global head of equity index and alternative investment products, CME Group

Among other things, a CME representative said that he is an ardent supporter of Bitcoin ETF and hopes to see such products on the market soon.

ETF providers and asset managers are our customers at CME. They use our futures products to create other ETFs, to hedge structure projects, and we’re certainly trying to enable them to do the same type of strategy on Bitcoin. We want to make sure they have the risk-management tools they need to be successful in managing their risk. We’re working with them to make sure they have what they need for trying to introduce products such as an ETF.

Tim McCourt

Global head of equity index and alternative investment products, CME Grou

Recently, Christopher Giancarlo, the former head of the Commodity Exchange Commodity Trading Commission (CFTC), said recently that the launch of the CME Bitcoin Futures was a targeted action by the Donald Trump administration to eliminate the bubble in the cryptocurrency market.