TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. CoinMarketCap debuts liquidity metric. China’s digital currency will offer anonymity features. Lolli is the only crypto company listed on CNBC’s Top 100 startups. Poloniex launches TRON trading, fueling the rumors of an acquisition by Justin Sun. Eligma migrating tokens to the Bitcoin Cash SLP protocol, and Royal Bank of Canada could launch a cryptocurrency exchange.
CoinMarketCap Debuts Liquidity Metric
CoinMarketCap, an important cryptocurrency price site, launched a new setting seeking to better reflect the real trading volumes of exchanges. The feature, called Liquidity, will calculate real numbers and exclude orders and trades suspected to be used to inflate volumes. The difference is notorious: the typical CoinMarketCap index without excluding wash trading gave Coinbene the first spot with $1.2 billion traded on Nov. 10, while the corrected one gave the first spot to Binance, … with half of the trading volume.
China’s Digital Currency Will Offer Anonymity Features
Digital Currency Electronic Payment, the official digital currency China’s central bank, won’t be used to control and monitor people’s information, according to Mu Changchun, head of the People’s Bank of China’s digital currency research institute. “We know the demand from the general public is to keep anonymity by using paper money and coins … we will give those people who demand it anonymity in their transactions,” he declared.” We are not seeking full control of the information of the general public.”
Lolli Listed on CNBC’s Top 100 Startups
Lolli Named to CNBC's List of the World’s 100 Most Promising Start-ups to Watch in 2019 🙏
THIS IS WHAT ADOPTION LOOKS LIKE 🔥
and we’re just getting started 🚀https://t.co/WYdcXLvvHg
— Lolli 🍭 (@trylolli) November 12, 2019
Lolli, the bitcoin rewards company, has been listed on CNBC’s Top 100 startups of the year, being the only cryptocurrency based company included. More than 600 companies were nominated and were rated in several metrics. Lolli just started operating last year, and is showing how its business model of giving bitcoin as cashback for every purchase has merit. It is hoping to scale to greater heights when cryptocurrency payments go mainstream.
Poloniex Lists TRON Amidst Justin Sun Purchase Rumors
Thank you for the support! https://t.co/yOesT8zbnp
— Justin Sun (@justinsuntron) November 12, 2019
Poloniex announced they are listing TRON, the cryptocurrency created by Justin Sun, with full trading being available now. There are three trading pairs available: TRX/Bitcoin, TRX/Tether and TRX/USD Coin. The listing comes after Poloniex separated from Circle, the company that bought the exchange last year, in order to form another company supported by Asian investors. The TRON listing fueled rumors of a possible acquisition, but Sun has vehemently denied this, saying he “is not buying anything.”
Eligma Rebrands Eli Tokens to GoCrypto SLP Tokens
Major news! Our ELI token will soon become GoCrypto Token (GoC) on the BCH blockchain! This means even faster shopping and less fees! How to change your ELIs into GoCs? Find out here. https://t.co/nq8lKU93ku
— GoCrypto (@eligmacom) November 11, 2019
Eligma, the company behind the GoCrypto PoS platform, will migrate its ELI token platform to the Bitcoin Cash blockchain, using the SLP protocol. The new token, ticker GoC (GoCrypto), will be issued November 25, 2019 at 23:00 CET. According to the project’s blog post, they are “aiming to facilitate cheaper and faster transactions and the migration will enable GoC users even quicker in-store payments with many additional wallets.” The statement also hints to the token being added to the Bitcoin.com wallet.
Royal Bank of Canada Could Launch a Cryptocurrency Exchange
The Royal Bank of Canada is considering whether to launch a cryptocurrency exchange and integrate it with their accounts system, letting customers open cryptocurrency-based accounts. The bank would facilitate the use of customer funds to buy cryptocurrencies such as bitcoin. “I can’t think of one of the big banks anywhere in the world that has a patent that directly relates to a crypto exchange,” declared Marc Kaufman, a law partner based in DC.
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