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Paxtradings Crypto Minute: May 15, 2018

PAX Trading > Crypto Minute > Paxtradings Crypto Minute: May 15, 2018

Gemini Is Now the World’s First Licensed Zcash Exchange

Gemini continues to be a trailblazer by expanding the breadth of accessibility to the crypto market. Furthermore, the NYSDFS in conjunction with Gemini, is now the first regulatory agency in the world to supervise Zcash. This signifies further cooperations between crypto exchanges and regulatory bodies, which can be seen as a positive trend.

Bezant ICO Pre-Sale Raises $16.8 Million in Under One Hour

Bezant looks to disrupt the digital e-commerce arena by allowing anyone to open their own online store. Interestingly enough, Bezant has quietly raised over $15 Million with very little marketing spend, and little social media hype (a metric some use to gauge community engagement). This is rather odd, given that most ICOs spend considerable amounts of marketing dollars in order to generate investor interest. Furthermore, the public sale is still open!

China Gov’t Will Publish Cryptocurrency Analysis Amid ‘Lack Of Independent Ratings’

China has decided that there is a lack of objective information surrounding the crypto market. In response, the government with provide public research in order to “evaluate the technological capability, and usefulness of the protocols and distributed applications.” It is quite interesting how this analysis could be used to sway potential investors into investing in specific projects, or non at all.

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