#CryptoCorner; Gemini Supports #Zcash, CME Partners to Launch #Ether Index and Thailand #Crypto Laws in Effect
#CryptoCorner; Gemini Supports #Zcash,
CME Partners to Launch #Ether Index and Thailand #Crypto Laws in Effect
Point Roberts, WA, Delta BC – May 14, 2018 - Investorideas.com,
a leader in crypto and blockchain investing news reports on what’s driving the
cryptocurrency markets with today’s edition of Crypto Corner.
Read this in full at http://www.investorideas.com/news/2018/crypto-corner/05141GeminiZcashCMEEtherThailand.asp
Gemini Supports
Zcash, CME Partners to Launch Ether Index and Thailand Crypto Laws in Effect
Gemini announced today that it is now licensed to support Zcash (ZEC). The exchange,
founded by Tyler and Cameron Winklevoss, said: “Starting on Saturday, May 19th at 9:30am EDT customers
will be able to start depositing Zcash into their Gemini accounts” and that
“trading will begin on Tuesday, May 22nd at 9:30am EDT.”
The press release indicated that
Gemini is the first cryptocurrency exchange to secure licensing for Zcash and
that they will provide a secure trading experience for investors.
“Our approval makes
Gemini the first licensed Zcash exchange
in the world. It also makes the NYSDFS
the first regulatory agency in the world to supervise Zcash, reaffirming
their position as the leading financial regulator in the area of digital
assets. Regulatory certainty and oversight are critical for both fostering
innovation and protecting consumers — and we’re excited to provide our customers
with a safe, secure, and regulated platform to buy, sell, and store Zcash. We
are proud to be supporting this new and incredible technology, and contributing
to the next generation economy and the future of money.”
Derivatives marketplace CME Group has
partnered up with crypto trading platform Crypto Facilities Ltd. to launch an
Ether Reference Rate and an Ether Real Time Index. The press release indicates that the launch “will provide a daily benchmark price in U.S. dollars”:
“"The Ether Reference Rate and
Real Time Index are designed to meet the evolving needs of this
marketplace," said Tim McCourt, Managing Director and Global Head of Equity
Products and Alternative Investments at CME Group. "Providing price
transparency and a credible price reference source is a key development for
users of Ethereum."”
Cryptocurrency regulation is now in
place in Thailand, according to a report in the Bangkok Post. This comes after Thai finance minister Apisak
Tantivorawong called for laws governing the space in March to “prevent money laundering, tax avoidance and crime.”
The 100-section law was published in the Royal Gazette.
According
to CoinMarketCap,
the cryptocurrency market has gone from around $440 billion USD on Thursday to
about $409 billion USD at press time. Bitcoin (BTC), which accounts for around
37 percent of the total market share, went from roughly $9300 USD to about
$8800 USD in the same time frame.
Sam Mowers, Investorideas.com
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