Connect with us

News

The lull in the cryptocurrency market: do we need to wait for strong volatility ahead?

Published

on

Today, the cryptocurrency market pleases investors with early signs of recovery. Bitcoin and main altcoins are traded in green, however, the upward shift looks unconvincing. The total value of the coins remains above $ 120 billion after a short fall to $ 119 billion.

As long as the market slumbers in narrow ranges, investors should be alert, because long periods of low volatility are usually accompanied by strong movements.

Bitcoin (BTC) is trading at $ 3,603, adding almost 0.77% in the last 24 hours. The first digital coin cannot break out of a narrow range from the beginning of the week, and so far there are no signs of an upcoming breakthrough.

Nevertheless, many experts believe that the short-term risks of Bitcoin skewed downward.

Ripple (XRP) is below $ 0.32. The second largest market capitalization of $ 13 billion shows an increase of 0.67%, despite the fact that a steady move below $ 0.3200 worsened the technical picture.

Ethereum (ETH) at the time of this writing restored the level at $ 117. The coin floats synchronously with Bitcoin and other altcoins, since there are no new catalysts that could cause ETH movements.

What do you think about the situation in the cryptocurrency market?  

News

Wells Fargo Banking Holding creates stablecoin pegged to US dollar

Published

on

U.S. financial giant Wells Fargo is working on a cryptocurrency pegged to the dollar. The company announced this in its press release .

According to the company, the future stablecoin will be used as part of its own blockchain platform. Its main focus will be cross-border payments between the company and its partners around the world. Moreover, other companies outside the US will be able to use cryptocurrency to complete transactions between themselves.

The decision to issue cryptocurrency in the company is explained by the need to reduce the cost of payments between different countries, as well as the acceleration of this process. The current mechanisms cannot be called bad, but they are already outdated: high commissions, terms of several days per transaction – all this cryptocurrency can leave in the past.

Wells Fargo assures that their stablecoin will provide almost instant payments, and the process of their implementation will become much simpler. Next year, the company will begin a pilot project during which the cryptocurrency will be tested in test mode. Initially, only dollars will be available for transfers, but in the future it is planned to add support for many other currencies.

Wells Fargo is not the first bank that intends to launch its cryptocurrency, but it is not only one of the largest banks in the world and in the USA, but also one of the most expensive companies in the world. The arrival of such a player will show other companies that without their own digital currencies and blockchain ecosystems, they will have nothing to do in this market.

Publication date 09/19/2019
Share this material on social networks and leave your opinion in the comments below.


Continue Reading

News

North Korea plans to launch its own cryptocurrency

Published

on

North Korea is creating a cryptocurrency with which the country will be able to avoid international sanctions.

It is assumed that the cryptocurrency development project is at an early stage. Its goal is the same as that of the Venezuelan project – last year the topic of developing the state’s national digital currency, Petro, was actively discussed. A cryptocurrency that does not yet have a name will be similar to the technology used by BTC or altoins. Currently, the team that is working on the project is studying products that could be tied to cryptocurrency. It is known that the payment instrument will not be exactly supported by the national currency of North Korea.

Experts believe that North Korea has enough opportunities and developments to present a good cryptocurrency. So, we can assume that the state will be able to improve its position in this way.

Continue Reading

News

The head of the SEC said when Bitcoin will appear on large traditional exchanges

Chairman of the US Securities and Exchange Commission (SEC) Jay Clayton said that bitcoin needs more regulation for listing on large exchanges. It is reported by CNBC. “If investors believe that Bitcoin pricing is as strict as on the Nasdaq or the New York Stock Exchange, then they are very mistaken. We must get to the point where we are sure […]

Published

on

Chairman of the US Securities and Exchange Commission (SEC) Jay Clayton said that bitcoin needs more regulation for listing on large exchanges. It is reported by CNBC .

“If investors believe that Bitcoin pricing is as strict as on the Nasdaq or the New York Stock Exchange, then they are very mistaken. We must get to the point where we are sure that trade is regulated correctly , ”he stressed.

We are talking about listing conditions for bitcoin itself, and not derivatives, such as CME futures.

Recall, Clayton said earlier that some progress on Bitcoin ETFs has been achieved. VanEck and SolidX have withdrawn their application.

Subscribe to BlockchainJournal news on Telegram: BlockchainJournal Feed – the entire news feed, BlockchainJournal – the most important news and polls.

<< aside id = "unisender_subscribe_form-10" class = "widget unisender_form">

BlockchainJournal.news

BlockchainJournal.news

Continue Reading
Advertisement

Name Price24H (%)
Bitcoin (BTC)
$10,246.49
0.65%
Ethereum (ETH)
$220.65
3.94%
XRP (XRP)
$0.302920
-4.24%
Bitcoin Cash (BCH)
$320.11
-2.13%
EOS (EOS)
$3.97
-3.54%
Stellar (XLM)
$0.081211
-1.62%
Litecoin (LTC)
$76.37
-3.25%
Cardano (ADA)
$0.052666
-2.59%
Tether (USDT)
$1.00
0.32%
Monero (XMR)
$75.74
-7.00%
Advertisement

Trending

Copyright © 2018 blockchainjournal.news