Traditional financial users such as banks and other institutional clients can now consume market data for over 3,000 cryptocurrency pairs on top exchanges using expanded FIX connectivity provided by CryptoCompare.

Iran’s President Hassan Rouhani has shown he believes a cryptocurrency can help Muslim nations rely less on the U.S. dollar and better deal with international sanctions. The proposal was welcomed by Malaysia’s Prime Minister during a three-day conference.

Users affected by the NiceHash hack of 2017 will have to wait for positive developments in the cryptocurrency space – presumably renewed retail interest – to be fully repaid, as the firm announced it’s freezing its repayment plan to be able to stay in business.

Top stories in the Crypto Roundup today:

• CryptoCompare Launches FIX Connectivity for Over 3,000 Digital Asset Pairs
• Iran Proposes Cryptocurrency for Muslim Nations to Reduce Reliance on U.S. Dollar
• NiceHash Freezes Repayment Program for Victims of Its $60 Million Hack

At the time of writing, bitcoin (BTC) is trading at $7,150.96 (0.29%) with a daily Top Tier volume of $1.51 billion. As for ether (ETH), it is trading at $127.54 (0.20%) with a daily Top Tier volume of $274.13 mn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 2,219.98 (0.12%).

CryptoCompare Launches FIX Connectivity for Over 3,000 Digital Asset Pairs

CryptoCompare is expanding its connectivity infrastructure to allow enterprise users to consume market data via the FIX protocol which is designed for traditional financial users such as banks and other institutional clients. Users can consume market data on over 3,000 cryptocurrency pairs on the top spot exchanges.

The FIX endpoint requires IP whitelisting as well as an API key and is available to enterprise customers and through the BT Radianz Cloud.
Contact data@cryptocompare.com for more info.

Iran Proposes Cryptocurrency for Muslim Nations to Reduce Reliance on U.S. Dollar

During a conference in Malaysia, Iranian president Hassan Rouhani proposed the creation of a cryptocurrency for Muslim nations, as an alternative to the U.S. dollar.

In the event Rouhani reportedly urged attending Muslim nations to deepen financial cooperation to fight what he described as the United States’ economic hegemony. Rouhani claimed that U.S. economic sanctions were being used as the “main tools for domineering hegemony and bullying” of other nations.

Iran has been facing violent protests over the past month, as its citizens are revolting over a sharp rise in gasoline prices that followed U.S. sanctions being imposed on the country. Financial cooperation between Muslim nations. Rouhani said, is a solution to these problems.

Malaysia’s Prime Minister, Mahathir Bin Mohamad, seemed to agree with Rouhani, saying:

“It looks like sometimes when we use the US dollar, there are sanctions that can curb economic development. We can use our own currencies or have a common currency.”

Other nations at the conference included Turkey and Qatar. Overall sentiment seemed to be positive regarding the development of an Islamic financing solution.

NiceHash Freezes Repayment Program for Victims of Its $60 Million Hack

Cryptocurrency hashpower rental marketplace NiceHash has announced that it’s freezing a repayment program launched soon after it was hacked in December of 2017 for around $60 million worth of cryptocurrency.

According to the firm, its repayment program is being frozen after 82% of stolen funds have been reimbursed, meaning its plan to repay users completely won’t be realized in “the foreseeable future.”

The hashpower rental marketplace noted that given market circumstance it isn’t able to fully repay users, writing:

“We have been repaying the old balance to our users through our fees and thus cutting our income. Our income and thus Repayment program assets are subject to taxation. The current state of the Repayment program is at 100,04% of the original loss value in our accounting books.”

The firm added the decision to halt the repayment program was made so it can keep its services running, and that it will resume its repayment plan should the market see a “positive development” next year.

Universe Coin, the Solution That Every Business Has Been Looking For

Universe Coin is a Lisbon-based start-up whose project aims to make cryptocurrency payments easy through an innovative payment system.

Thus, among other things, the project includes a mobile app for users and a Point of Sale terminal for online and physical businesses, as well as a wallet app, usable in both physical stores and online shopping.

Universe Coin will allow merchants around the world to sell products and services in fiat currency, and buyers to pay for their purchases in cryptocurrency.

The key point of this innovative project is that the merchant receives proceeds in their local currency, even though the customer pays in cryptocurrency, as the payment system immediately converts the amount to be received to the chosen currency.

All this, quickly, simply, and completely free of charge to the merchant.

The great difference in their core business is the ease of cryptocurrency adoption for businesses. With Universe Coin, businesses don’t need to adapt their billing and accounting systems. Legal and fiscal concerns are also no longer a factor as transactions are effectively being made in fiat currency.

The “Universe Coin” Wallet app is now available on the Google Play Store, and will soon be coming to the App Store.

Early on in 2020, the start-up will release attractive affiliate and loyalty programs that are sure to get Universe Coin to the next level and launch their UNIS token, now trading on p2pb2b.

Trade UNIS now at https://p2pb2b.io/trade/UNIS_BTC

Learn more at: www.universecoin.io 

Follow Universe Coin on Social Media:

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