Request (CURRENCY:REQ) traded up 2.4% against the US dollar during the one day period ending at 8:00 AM Eastern on August 29th. One Request token can currently be bought for about $0.0390 or 0.00000340 BTC on major cryptocurrency exchanges including Gate.io, Binance, CoinExchange and Koinex. Over the last seven days, Request has traded down 6.2% […] Торговая платформа CFD № 1 в Европе (по количеству новых трейдеров за 2018 год). Торгуйте на самых популярных мировых рынках: CFD на валюту, криптовалюту, акции, сырьевые товары, индексы, ETF и опционы. Former White House chief of staff under U.S. President Donald Trump Mick Mulvaney is running a hedge fund. Since 2014 Mulvaney has been recognized as a pro-Bitcoin (BTC) official, encouraging practical regulation of cryptocurrencies. The new fund called Exegis Capital was announced during a podcast with S&P Global Market Intelligence. Mulvaney would collaborate with former … Grayscale launched two new cryptocurrency funds last week, a litecoin trust and a bitcoin cash trust, with demand driving one of the funds to a staggering 1,000% premium… Bitcoin (BTC) is currently being overtaken by DeFi with the price of the YFI which came close to USD 45,000 last night, but also by robots. Young people are taking over the oldest crypto in the short term; He even managed to join a select club, so coveted by Bitcoin, but which the latter could …
Request (CURRENCY:REQ) traded up 2.4% against the US dollar during the one day period ending at 8:00 AM Eastern on August 29th. One Request token can currently be bought for about $0.0390 or 0.00000340 BTC on major cryptocurrency exchanges including Gate.io, Binance, CoinExchange and Koinex. Over the last seven days, Request has traded down 6.2% against the US dollar. Request has a market capitalization of $34.06 million and approximately $537,465.00 worth of Request was traded on exchanges in the last 24 hours.
Here is how other cryptocurrencies have performed over the last 24 hours:
REQ is a token. It launched on August 31st, 2017. Request’s total supply is 999,966,002 tokens and its circulating supply is 873,641,660 tokens. Request’s official website is request.network. Request’s official Twitter account is @RequestNetwork. Request’s official message board is blog.request.network. The Reddit community for Request is /r/RequestNetwork and the currency’s Github account can be viewed here.
Buying and Selling Request
Request can be bought or sold on the following cryptocurrency exchanges: Bancor Network, Koinex, KuCoin, CoinExchange, CoinPlace, WazirX, Gate.io, IDEX, DDEX, Radar Relay, Binance, Bitbns, Huobi Global, Kyber Network, GOPAX, COSS, Ethfinex, Mercatox and Coineal. It is usually not possible to buy alternative cryptocurrencies such as Request directly using U.S. dollars. Investors seeking to acquire Request should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Request using one of the exchanges listed above.
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Author: Marion Hillson
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Trump’s Former Pro-Bitcoin Chief of Staff Now Runs a Hedge Fund
Former White House chief of staff under U.S. President Donald Trump Mick Mulvaney is running a hedge fund. Since 2014 Mulvaney has been recognized as a pro-Bitcoin (BTC) official, encouraging practical regulation of cryptocurrencies.
The new fund called Exegis Capital was announced during a podcast with S&P Global Market Intelligence. Mulvaney would collaborate with former Sterling Capital Management portfolio manager Andrew Wessel.
At the 2014 “Bitcoin Demo Day” conference, Mulvaney said he would like to see the government take its time in regulating Bitcoin.
He said the top cryptocurrency has the potential to become a medium of trade and a means of payment. Mulvaney said at the time:
“My interest in it is to just try and make sure that government doesn’t act too soon in such a fashion that curbs the potential for Bitcoin. Because I see potential for Bitcoin as a medium of trade and as a transactional tool, and I’d hate to see the government make decisions early that sort of retard its growth.”
Since then, he has continuously encouraged the government to efficiently regulate the cryptocurrency market. When Mulvaney was initially appointed as the White House chief of staff, the sentiment among cryptocurrency industry executives was generally positive.
It remains to be seen whether Mulvaney’s enthusiastic stance towards Bitcoin would lead the fund to get involved in the cryptocurrency market.
In recent weeks, the Bitcoin market has seen a spike in the inflow of institutions. Most recently, Fidelity Investments filed an application with the U.S. Securities and Exchange Commission to operate a Bitcoin fund.
As Cointelegraph reported on Aug. 26, Fidelity Investments President Peter Jubber filed the Form D for a Bitcoin index product with a $100,000 minimum investment.
Previously, Fidelity said in a paper entitled “Bitcoin Investment Thesis: An Aspirational Store of Value” that Bitcoin has the properties of a store of value. The paper reads:
“Many investors consider Bitcoin to be an aspirational store of value in that it has the properties of a store of value but has yet to be widely accepted as such.”
The growing institutional activity in the Bitcoin market naturally raises the speculation on whether more hedge funds would enter the cryptocurrency space.
In the near term, Mulvaney is unlikely to actively consider Bitcoin and cryptocurrencies due to his ties with the administration.
While Mulvaney is no longer the White House chief of staff, he still remains a special envoy. Given the Trump administration’s negative stance towards Bitcoin, the probability that Exegis Capital would seek exposure to cryptocurrencies remains low, at least for the foreseeable future.
Grayscale, The World’s Largest Bitcoin And Crypto Asset Manager, Has A Massive ‘Premium’ Problem
Grayscale, the world’s largest bitcoin and cryptocurrency asset manager, has taken the investment world by storm and helped propel crypto onto Wall Street.
New York-based Grayscale, owned by Barry Silbert’s expanding Digital Currency Group, currently boasts over $5 billion in assets under management—up around 40% since its last quarterly report in June and largely driven by its flagship bitcoin trust.
Grayscale launched two new cryptocurrency funds last week, a litecoin trust and a bitcoin cash trust, with demand driving one of the funds to a staggering 1,000% premium—sparking suggestions some investors might be “unaware” they’re paying significantly above the token’s market rates and causing doubt that the cryptocurrency market has much matured since bitcoin’s 2017 boom and bust.
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Grayscale’s flagship Bitcoin Trust Fund has proven very popular with investors since it was launched … [+] five years ago.
Both the Grayscale Litecoin Trust and the Grayscale Bitcoin Cash Trust began trading publicly almost two weeks ago and have seen consistent triple-digit premiums since. The litecoin fund was briefly trading at a premium of over 1,200% on the underlying litecoin price, data produced by analysts at Arcane Research showed.
The funds have collected almost $50 million from accredited investors over the last two years and can now be traded like stocks, allowing over-the-counter investors to gain exposure to the cryptocurrencies without having to deal with clunky bitcoin and crypto exchanges that can appear risky.
Elsewhere, the Grayscale Bitcoin Trust, which debuted as the Bitcoin Investment Trust in 2013, has this year consistently traded at a premium of around 20% on bitcoin, while the premium for the ethereum fund, created in December 2017 during the height of the crypto bubble, recently fell under 100% for the first time this year—down from over 800% in June.
“These trusts are based solely on single assets, and should thus not outperform its underlying asset over time,” Arcane Research analyst Vetle Lunde wrote. “The excess return should be arbitraged away.”
The funds’ premiums emerge as public investors buy into existing shares of the fund, with the original accredited investors being the sellers.
“For accredited investors, the custody provided by Grayscale is most certainly of value,” Lunde said via email.
“Setting up self custody is a complicated process, and over time Grayscale has gained confidence in their services as a custody provider.”
However, the huge and wildly swinging premiums have caused some concern for bitcoin and cryptocurrency market watchers who fear investors might be unaware of the premium they’re paying.
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The Grayscale Litecoin Trust has been trading at a triple-digit premium since it launched, climbing … [+] to a 1,200% premium last week, with the company’s bitcoin and other funds also trading at big premiums.
“Bitcoin exposure as an inflation hedge amidst the current financial instability seems to be a trending topic among some of the most renowned macro investors,” Arcane Research analyst Vetle Lunde said via email.
A number of high-profile investors, led by famed hedge fund manager Paul Tudor Jones in May, have named bitcoin as potential hedge against the inflation they seem coming as a result of the unprecedented central bank stimulus measures put in place to blunt the economic damage wrought by the coronavirus pandemic.
“This could make new investors more open to allocate some of their portfolio into bitcoin, and thus lead to an increased demand for bitcoin exposure,” Lunde added.
Grayscale’s managing director Michael Sonnenshein accepts that the funds’ shares are high but argues the asset manager “has no control over that market.”
“We’re creating the ability for these markets to happen,” Sonnenshein said, speaking over the phone. “But it’s not something we’re directly making or facilitating.”
The public demand for exposure to cryptocurrencies via Grayscale’s funds has led to fresh calls for a fully-fledged bitcoin and cryptocurrency exchange-traded fund (ETF)—a financial product that allows people to buy shares in indexes that track baskets of assets.
However, the U.S. Security and Exchange Commission (SEC) has repeatedly rejected proposals for a bitcoin ETF, arguing the bitcoin and crypto market is vulnerable to manipulation.
“The addition of more financial products widens asset exposure,” Sonnenshein said, adding “investors are eager.”
While Arcane Research’s Lunde argues that Grayscale’s “premiums show that the public demand for crypto exposure is high, and that the market is ripe for an ETF,” the SEC still has concerns.
“We were trying to get the bitcoin fund registered as an ETF but the regulators still had a criteria,” Sonnenshein said. “They wanted to see change in the underlying bitcoin market before they were comfortable.”
The bitcoin price remains highly volatile, bouncing from over $10,000 per bitcoin earlier this year to under $4,000 during the March coronavirus crash—only to sharply rebound along with stimulus-inflated stock market. But Sonnenshein remains upbeat.
“It’s a question of when these market dynamics improve, not if,” Sonnenshein said.
Author: Billy Bambrough
Polkadot Ecosystem (DOT) – The crypto that soared to $ 100,000 on Uniswap – Cryptocurrencies
Bitcoin (BTC) is currently being overtaken by DeFi with the price of the YFI which came close to USD 45,000 last night, but also by robots. Young people are taking over the oldest crypto in the short term; He even managed to join a select club, so coveted by Bitcoin, but which the latter could not join until the end of 2021.
For some analysts, Polkadot is among the most promising crypto projects in the cryptosphere.
The token price DOWRY has increased by nearly 200% since its renaming and listing on Binance and Kraken.
The projects that make up the ecosystem of Polkadot, Are experiencing significant expansion in parallel with the announcement of the upcoming launch of its mainnet.
This is the case with tokens XRT and RWS related to the project Robonomics, a robotics project based on blockchain and the Internet of Things (IoT).
The price of the utility token XRT of the project was multiplied by 10, while the token Robonomics Web Services (RWS) is the first crypto to trade over $ 100,000.
RWS is described as a decentralized service infrastructure built through Ethereum (ETH), IPFS and Polkadot for the development of robotics and smart cities.
The token RWS is traded exclusively on Uniswap and recently recorded a transaction volume of 350,000 USD in 24 hours; its market capitalization is estimated at $ 4.65 million.
The explosion in the price of the RWS token is partly due to its minimal offer set at 100 units: 50 units were distributed on Uniswap through the pair XRT/RWS, the remaining tokens will be intended only for universities and non-profit organizations.
Each token RWS guarantees the execution of one transaction per second between the parachain Robonomics and the IoT devices of its holders, ie a volume of 2.5 million transactions per month.
RWS is currently in alpha, a beta version would be available in Q4 2020.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.
The RWS at 100,000 USD: not a forecast, but a reality. The combination of rarity and utility appears to be an explosive bomb to the delight of token holders with such a characteristic. A Bitcoin caught up in speed by a robot-token: RWS, the token that runs faster towards the 6-digit club than Bitcoin.
Litecoin, welcome in the Silver Age