On today’s edition of Bitcoin, in Brief, we are going to talk about the approval of Bitcoin Cash, Zcash, and Litecoin Trading.
It was announced on Monday by the New York State Department of Financial Services Superintendent Maria T. Vullo that Gemini Trust Company LLC has been authorized to offer the custody services and trading of Zcash, Litecoin and Bitcoin Cash on its exchange based in NYC.
She added: “This action continues New York’s longstanding commitment to innovation and leadership in the global marketplace. With smart and thorough regulatory oversight, the development and long-term growth of the industry will remain thriving.”
In the last twenty-four hours, the price of Zcash jumped over 40 percent, even though the market was taken by surprise with its addition. The founders of the trading venue revealed in March that adding new cryptocurrency options are high on the company’s agenda this year, with BCH and LTC at the top of the list.
The CEO of Gemini said on Monday: “We are proud to be the first licensed exchange in the world to offer Zcash trading and custody services and look forward to providing customers with a safe, secure, and regulated place to buy, sell and store Zcash, an incredible new form of digital cash.”
The Chief Executive Officer at Chinese-run cryptocurrency exchange Okex, Chris Lee was reported to have left his position with the Hong Kong-based company. He said his departure was due to some personal reasons, seeking to “start a new life”, as the exchange reported on Monday. Lee’s spokeswoman added that it had been the “greatest pleasure and an honor” to work at Okex and that he will return to the blockchain community after a short break to spend time with his family. This move had the online community speculate.
Media from the state of Georgia report that the Forsyth County Sheriff’s Office had found the conspiracy of five men planning to break into a local home and steal close to $1 million in bitcoin. According to reports, their robbery investigation had been going on since January, after a drug seizure. Justin Ellison, Trivette Adams, Matthew Schwartz, Jacob South and Michael McDermott, the five young men involved, have been charged with residential strong-arm robbery and they are now in a detention center without bond.