CryptoCorner: Nasdaq (NASDAQ: NDAQ) Adds XRP Index, ErisX Launching Crypto Spot Market, Quebec Publishes Electricity Provisions for Crypto Mining
Point Roberts, WA and Delta, BC - April 30, 2019 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news, in partnership with Fit Pay, Inc.'s (subsidiary of NXT-ID (NASDAQ: NXTD) crypto payment tech, Flip and the Genesis Exchange and Wallet App bring you today's edition of the Crypto Corner podcast and commentary on what's driving the cryptocurrency market.
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#CryptoCorner: Nasdaq ($NDAQ) Adds XRP Index, ErisX Launching Crypto Spot Market, Quebec Publishes Electricity Provisions for Crypto Mining and Japan's Liquid to Expand to U.S. Market
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Stocks discussed: (NasdaqGS:NDAQ)
Nasdaq (NasdaqGS:NDAQ) has announced that it will be adding an index for XRP, and will feature real-time index information in collaboration with crypto market analysis firm Brave New Coin (BNC), effective May 1. The XRP Liquid Index (XRPLX) joins the previously added BNC indices for Bitcoin (BTC) and Ethereum (ETH). The BNC website explains the index:
BNC has developed the XRP Liquid Index (XRPLX) to meet the marketplace requirement for a single, reliable and fair USD price for XRP - based on live real-world trading activity. The index is designed to report a market price at which liquidity could enter or exit an XRP position. The XRPLX captures a comprehensive, global sample of liquidity on the highest volume and quality exchanges. Ideal for settlements and accurate spot pricing, the XRPLX API includes 30 second Intraday pricing, End-of-Day OHLCV and Time & Volume-Weighted-Averages.
Finance Magnates reports that U.S. crypto exchange ErisX has today announced the launch of its crypto spot market. This follows the conclusion of the company's Series B funding round, which added $20 million to its total, according to CoinDesk. Thomas Chippas, CEO of ErisX, said:
"We took a disciplined and methodical approach to the launch of the ErisX spot market. As experienced market professionals, we know that a launch such as this is a process, not a one-off event...and will continue to work with our partners, investors, and regulators to expand access."
Canadian power provider Hydro Quebec published a press release yesterday outlining their new rules for crypto miners in the province of Quebec. The province's Régie de l'énergie, which roughly translates to energy authority, has allocated an additional 300 megawatts (MW) to the blockchain industry. The piece reads:
This 300 MW will be in addition to the 158 MW already granted to existing customers approved by Hydro-Québec, and to the 210 MW granted to existing customers approved by municipal distributors. The result is a total of 668 MW of electricity for the blockchain industry.
Japanese crypto exchange Liquid.com has partnered with venture capital group Virtual Currency Partners (VCP) to expand into the U.S. market as a new entity, Liquid Financial USA Inc. VCP Chairman Barry Schiffman said:
"After nearly a year of studying the cryptocurrency space and researching a number of players, we were extremely impressed with Liquid and the strong foundation it built for itself as Japan's first FSA-approved cryptocurrency exchange and one of the top 5 cryptocurrency exchanges in the world. I am pleased to be working with Mike [Kayamori - Liquid CEO] again, building upon our relationship from Globespan. We are excited to join the Liquid family and to lead its expansion into the US."
Sam Mowers, Investorideas
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