Hey ninjas, how’s the trading going? At press time the majority of the top 20 cryptocurrencies are in the red zone (reporting losses). The largest cryptocurrency Bitcoin is trading at $8,096 and is reporting 1.37% losses in the last 24 hours.
Berlin-based fintech start-up Centrifuge is an open decentralized platform. On the 23rd of September, it was reported that the platform received funding from the European Regional Development Fund and the public investment bank berlin to further develop its platform. Centrifuge aims to develop its own Blockchain called centrifuge chain, the platform will receive a $430,000 grant as well as a loan of $1,100,000.
In other Crypto related news in Germany, a technical meeting was held by the German Bundestag on the 27th of September. During the meeting, institutional representatives and experts gave warnings on the consequences that would accompany the release of Facebook’s cryptocurrency Libra. They also discussed the potential of Blockchain technology and the idea of creating a digital Central Bank.
Crypto-financial services provider YouHodler announced on the 24th of September that the company would be moving its operations to the Alpine Republic of Switzerland. The company stated that it has completed its transformation from a fintech startup to an international fintech provider of crypto-fiat services.