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eToro launches new exchange, Hilo adopts ID system, Genesis gains BitLicense – Daily News Roundup

May 18th 2018: In today’s news eToro announces plans to launch new cryptocurrency exchange and wallet services, social media platform Hilo adopts Civic’s brand new ID verification system and Genesis becomes the first New York-based trading firm to be granted with BitLicense.

Written by Rebecca Leighton Published on

When eToro makes millions, they need wallets in which to put the funds

eToro has just announced that they will be launching a new cryptocurrency exchange and mobile wallet in the United States.

Before the exchange is officially launched, users will be able to sign up on the waiting list where they can pre-verify their registration. At launch, the platform will only be supporting ten different cryptocurrencies, namely Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin, EOS, Stellar, NEO, Dash and Ethereum Classic. The company also plan to add more coins by the end of this year.

This announcement comes just after the financial tech trading platform closed its massive $100 million USD series E round of fundraising.

No High-Low’s with Civic’s new ID system for social platform Hilo

Hilo is looking to adopt Civic’s newly launched blockchain verification system into their platform.

The social media network has integrated the system called “ID Codes,” to their website and are offering registrations for all levels of cryptocurrency traders (whether new in the game or a king player) and will be able to provide information on cryptocurrency coins and their prices.

With this initiative, Civic is hoping to reduce false listings of top industry figures as advisors on scam fundraising websites and this exact case point in mind sparked Hilo’s interest.

The CEO of the platform, Monica Puchner said that the team is excited about the ID Codes because is “allows [them] to authenticate [their] team members, [their] investors and [their] advisors on [their] website”.

Genesis first in NY to show their shiny new “license and registration”

Genesis Global Trading has been granted a BitLicense from the New York Department of Financial Services (DFS).

This will make the company the trading firm from New York to work with BitLicense and the fifth company globally. The license will allow Genesis to trade in Bitcoin, Ethereum, Ethereum Classic, Bitcoin Cash, Ripple, Litecoin, and Zcash.

Before gaining the license, the company had to jump through a number of DFS hoops. Genesis CEO of Global Trading Michael Moro said that although they “have operated under a safe harbor provision in recent years, today’s decision is an important step forward”.

Start trading cryptocurrency with Coindirect.

Written by

Internet writer looking to find the right piece. Also presents things on radio and happens to be a chip off the old blockchain. @BeckyRLeighton

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