Bittrex Lets Users Buy Bitcoin With Dollars

The Seattle-based cryptocurrency exchange, Bittrex, was able to forged a banking agreement with a New York-based Signature Bank that will allow some of it users to trade with U.S. Dollars.

Bittrex Chief Executive Officer Bill Shihara reveals that it has been a long path before making it a reality since bigger financial institutions have avoided cryptocurrencies in general as many of them still associate it with criminal activity.

Bittrex is said to have around 3 million customers globally and said to release fiat trading on May 31, 2018 for Bitcoin, Tether and TrueUSD.

For US Users the service will initially be available only to the corporate customers in Washington, California, New York and Montana due to regulatory concerns but will eventually be expanded to retail investors soon.

Weiss Releases New Crypto Ratings

An independent rating agency in the US, Weiss Ratings has published its updated list of 93 cryptocurrency ratings on Tuesday, May 29.

This US rating agency was founded in 1971 and has been rating around 55,000 institutions and investments.

The Weiss cryptocurrency grade scale are interpreted as follows A = excellent; B = good; C= fair; D=Weak and E= Very weak.

It also has the F grade which signifies a failed cryptocurrency or are subject to credible allegations of fraud.

There were no A or B+ rating in the latest Weiss rating list but have around 14 cryptocurrencies which are rated either B or B-. ADA, DCR and EOS are all rated B while BTC,ETH, BTS, IOTA, ONT, NEO, XRP, STEEM, TRX, XLM and Zill are rated B-.

One can obtain a copy of the list online via their website and signing up with your email address.

SEC Told To Keep Innovation In US By Not Classifying Tokens As Securities

There has been an ongoing private deliberation in the US between the Securities and Exchange Commission and proponents of cryptocurrencies.

It has been said that billions or even trillions of dollars are at stake on the said discussion that will decide were tokens will be considered securities or not.

The SEC views tokens as some sort of securities that should be bound by US security laws. In the view of SEC Investor protection is of outmost importance and disclosure takes care of everything.

However cryptocurrency and Blockchain proponents see it otherwise and finds the need to educate SEC about what it really is he next wave of innovation and technology that does not fit in any type of the regulations SEC has in the moment.

It was suggested that there should be a new regulatory agency that can handle Blockchain technology regulations, an agency that understands what Blockchain is capable of.

Asus Announces Next Gen Mining Motherboard

Asus has announced its next generation mining motherboard dubbed as the H370 Mining Master Motherboard.

This is a follow-up product of B250 Mining expert which it released August 2017.

The first generation mining motherboard was seen as hugely successful with sales volumes surpassing all expectations.

The new H370 motherboard has upped the ante by supporting up to 20 graphics card.

The motherboard is set to be release in North America starting in the Third quarter of 2018.

The motherboard will accept LGA 1151 Intel 8th gen core and DDR4 Memory Chips.

With the rise of Mining industry in the recent years demand for mining-oriented motherboards have increase dramatically.

Various hardware makers now produce mining-oriented motherboards to address this new market niche such as Gigabyte, Biostar and MSI

PricewaterhouseCoopers Australia Pilots Blockchain Supply Chain in Port of Brisbane

PricewaterhouseCoopers (PwC)of Australia has collaborated with the Australian Chamber of Commerce and Industry (ACCI) and the Port of Brisbane to develop a new platform that utilizes Blockchain technology to link supply chain information.

The initiative is called Trade Community System which incorporates recommendations from the Australian government’s 2016 infrastructure plan.

PwC partner Ben Lannan said that the platform is initially being tested in Brisbane with the hope of developing it further into a innovative end-to-end supply chain that will digitize the flow of trading information, improve connectivity for all participants, reduce business friction and most of all reduce supply chain cost.

This is a timely initiative as trade volume in Australia will continue to rise from 9 million container movements to 15 million by 2025

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