Altcoin Arbitrage Today: Making Money With XRP, ETH, XLM, LTC, XMR, ZEC

There is always good money to be made with cryptocurrencies and digital assets. While the current overall market momentum might not necessarily warrant much optimism, there are numerous price gaps affecting a lot of different markets right now. That will undoubtedly allow for some healthy profits to be pocketed, assuming traders are willing to put in some work to achieve this goal.

Monero (Bittrex / Bitfinex)

As has been somewhat of a given over the past few weeks, there is a new Monero arbitrage opportunity to take into account. The price per XMR on Bittrex is 2.58% lower compared to Bittrex, which makes for a rather straightforward trading approach. Both platforms should offer plenty of XMR liquidity as well to ensure traders can take advantage of this price difference. Netting some quick and easy profits is a great way to kick off the new week.

ZCash (Bittrex / Bitfinex)

For users who aptly check out these arbitrage tips, it may have become apparent Monero and Zcash usually offer nearly identical arbitrage opportunities. Today is no different, as the same values and factors affecting XMR also apply to ZEC. Users can flip coins between the exact same trading platforms and expect an identical profit of 2.58% per trade. Combining both options in one go can yield some pretty decent money in very quick succession.

Stellar Lumens (KuCoin / Binance / EXMO)

A fair few XLM price gaps have become apparent over the past few hours, which makes for some interesting arbitrage opportunities. Buying XLM on KuCoin, Binance, or Kraken and selling on Bitexen can yield a profit of up to 1.96%. Using the same exchanges, combined with either HitBTC or Gate, and selling XLM on EXMO will yield higher profits of up to 2.17%. All of these options are well worth checking out, as XLM has been one of the markets with high trading volume in recent weeks.

Ethereum (Many Platforms)

It seems virtually no two exchanges maintain the same Ethereum price at this time. The more lucrative options involving buying on KuCoin, Poloniex, or Gate and selling on EXMO for up to 2.2% profit. There is also an interesting price gap between Bittrex and Sistemkoin, as well as Binance and Sistemkoin, for a nearly identical profit. Users can also flip ETH between Bitstamp and Bitfinex for a 1.93% profit if they prefer to deal solely with bigger exchanges.

Litecoin (Bitstamp / BtcTurk / VeBitcoin)

For those traders and speculators who plan to buy Litecoin on Bitstamp today, it may be worth looking into the following arbitrage opportunities. The Bitstamp price is significantly lower compared to BtcTurk, Koineks, VeBitcoin, and CEX. Potential profits range anywhere from 1.25% to 2.27%, depending on which exchange one decides to use to source liquidity from.

XRP (Pick Your Poison)

Although XRP arbitrage opportunities are nothing new on the market, it would appear the current price gaps are quite numerous in nature. Buying XRP on HitBTC, OKEx, Poloniex, Gate, Kraken, KuCoin, Bittrex, Binance, or Bitstamp and selling on EXMO, or Bitexen will always yield a profit between 1% and 2.3%. Buying XRP on Bitstamp and selling on Bitfinex, BtcTurk, Koineks, Vebitcoin, or Cex will yield a profit of up to 2.09%. Plenty of options to choose from to make money.

Information provided by Arbing Tool

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.

Image(s): Shutterstock.com

Published at Mon, 14 Jan 2019 10:00:17 +0000

January 15, 2018

Nationwide Insurance Rolls Out Proof of Insurance on the RiskBlock Blockchain

The Institutes has announced a new blockchain framework called RiskBlock to provide more streamlined and secure proof of insurance. Nationwide Insurance is the first company to begin rolling out product on the platform.

RiskBlock is the first blockchain framework delivered from the newly formed RiskBlock Alliance and the first of its kind that is designed specifically for the risk management and insurance industry. The Institutes RiskBlock Alliance is an industry-led, insurance-focused consortium that developed the RiskBlock framework.

RiskBlock will provide insurers with real-time verification of insurance coverage; allow law enforcement to verify proof of insurance efficiently without relying on paper forms; provide insurers with a streamlined and cost-effective way to offer proof of insurance; and, in the near future, will allow insured clients to share trusted, third-party verified proof of insurance with a click on their mobile devices.

“The current way that drivers provide proof of insurance is cumbersome and uncertain,” said Christopher G. McDaniel, executive director of The Institutes RiskBlock Alliance in a statement. “Sharing proof of insurance through blockchain is key to streamlining the process of providing proof and marks the start of our efforts to revolutionize many other aspects of the insurance industry. Our collaboration with Nationwide is the first step toward a better overall system.”

The membership of the Alliance includes over 30 companies as members, ranging from the top 10 carriers to brokers and reinsurers. Nationwide Insurance is the first to use the platform in a pilot program to simplify real-time insurance coverage verification, eliminating paper insurance cards and providing a mobile app for real-time verification. ac

The coverage verification is an initial use case and the Alliance anticipates its members will be able to better serve policyholders and reduce costs by streamlining claim payments and premiums, reducing fraud through centralized recording of claims and improving acquisition of new policyholders by validating accuracy of customer data.

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