Today in the headlines, Razer gaming encouraged ZCash mining, as a major German stock exchange reported plans for crypto. Also, a study showed added crypto interest, PAX touted notable popularity, and Weiss Ratings said it was time to buy bitcoin.
Here’s the scoop:
The Razer SoftMiner Scheme Is Not What It Seems
Gaming computer giant Razer has started an interesting new customer loyalty initiative. Users can reportedly mine ZCash on their computer when it is not in use, via a downloadable app.
Customers can earn Razer reward points on the app to spend on things like games and hardware from the Razer store.
The catch however, is that customers cannot utilize whatever ZCash is mined. And even though the computer app is mining while the computer is idle, significant power is still being used.
Major German Stock Exchange To Launch Crypto Trading Platform
Yesterday Boerse Stuttgart Group announced plans to start a crypto trading operation sometime in the first two quarters of next year.
Boerse Stuttgart Group is the second-biggest stock exchange in Germany, and will collaborate with a company called SolarisBank for the operation. The trading platform will be open to institutions as well as individuals.
“Initially, trading for bitcoin and ether will be enabled on the platform, with support for other tokens expected once its initial coin offering (ICO) platform – also currently under development – goes live,” CoinDesk reported today.
Number of Crypto Users Nearly Doubled In 2018, Study Says
Apparently people are still coming into the crypto space, even after a difficult year overall in the price category. The Cambridge Centre for Alternative Finance released a study yesterday, showing the crypto space to have netted an additional 17 million “verified users” in 2018.
CoinTelegraph noted from the study that “in the first three quarters of 2018 the number of ID-verified cryptocurrency users nearly doubled, climbing from 18 million to 35 million.”
The study also made an interesting note about self-regulation, stating, “[i]ndustry actors are pro-actively adopting measures that appear to comply with existing regulation despite not necessarily being explicitly subject to regulations.”
PAX Stablecoin Exceeds $5 Billion In Transactions In First 3 Months
In a race to gain stablecoin dominance, the Paxos Standard (PAX) token recently reported over $5 billion in transaction volume.
According to a press release given to CoinTelegraph today, “the coin [PAX] has as of today has been used in $5,245,958,124.65 worth of transaction volumes, with a market cap of over $174 million (as of press time, slightly down to $159.5), of which the trust company has redeemed ‘over $136 million.’”
PAX is reportedly the second-most used stablecoin on the market, and included proof of backed funds in its press release.
Now Is The ‘Best Opportunity Of The Year’ To Buy Bitcoin, Says Weiss Ratings
Weiss sent out several tweets this week, stating the longevity of bitcoin, as well as indicating now as the time to buy.
Weiss basically stated bitcoin to be a good buy this week because prices were the lowest of the year.
The Weiss tweet also included that “[a]s a store of value, [bitcoin] is here to stay. We truly think it’s the least speculative investment a person can make in [crypto] right now.
Bitcoinist noted a change of sentiment for Weiss, as the rating company gave bitcoin only slightly above an average rating earlier this year.