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Cryptocurrencies continue winning streak as BTC trading in Venezuela hits an all-time high 

Nov 07, 2018

Top 5 Cryptocurrencies sorted by 24 hour Volume

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Name Ticker Price 1H %Chg 24H %Chg 7D %Chg Market Cap Volume
Bitcoin BTC USD$6529.33 0.02% 1.25% 3.28% USD$113,380,786,791 USD$5,027,363,044
Ethereum ETH USD$217.87 0.35% 0.53% 10.33% USD$22,453,547,606 USD$1,986,084,572
Bitcoin Cash BCH USD$621.39 1.49% 1.13% 46.88% USD$10,840,685,476 USD$986,018,056
EOS EOS USD$5.67 0.35% -0.08% 9.0% USD$5,140,219,136 USD$727,101,591
XRP XRP USD$0.54 0.79% -0.58% 20.02% USD$21,603,680,931 USD$664,110,641

 

Top 5 Cryptocurrencies sorted by 24 hour Price Percent Change

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Name Ticker Price 1H %Chg 24H %Chg 7D %Chg Market Cap Volume
Qtum QTUM USD$4.09 -0.29% 2.88% 7.22% USD$363,807,643 USD$206,284,007
Bitcoin BTC USD$6529.33 0.02% 1.25% 3.28% USD$113,380,786,791 USD$5,027,363,044
Bitcoin Cash BCH USD$621.39 1.49% 1.13% 46.88% USD$10,840,685,476 USD$986,018,056
Ethereum ETH USD$217.87 0.35% 0.53% 10.33% USD$22,453,547,606 USD$1,986,084,572
NEM XEM USD$0.1 -0.15% 0.12% 6.8% USD$868,548,192 USD$6,451,237

 

Crypto News

  • Bitcoin (BTC) trading in Venezuela reached record levels last week, signaling continued adoption of cryptocurrencies in a country that just launched a state-back digital currency. For the week ending November 3rd, 2018, Venezuelans traded 1,075 BTC on peer-to-peer trading platform Localbitcoins.  Prior to the week ending November 3rd, 2018, Venezuelans set two additional all-time highs for BTC trading on Localbitcoins for the week ending October 20th, 2018 and the week ending October 13th, 2018, signaling growing levels of adoption.  
  • Blockstream has released a new tool, dubbed the Blockstream Block Explorer, that allows users to track transactions on its Liquid Bitcoin sidechain. The Blockstream Block Explorer is now available online and offers support for SegWit and bench32. The release of Blockstream Block Explorer allows any user to conduct peer-to-peer transactions using the Liquid sidechain with an option to implement “confidential transactions”, which hide private data associated with the transaction.  
  • Cryptocurrency exchange Gate.io was forced to remove its web analytics tool, StatCounter, from their website after cybersecurity firm ESET reported a breach. ESET issued a security notice about suspicious behavior on Gate.io’s StatCounter traffic stat services, causing Gate.io to remove its StatCounter. Since removing its StatCounter, Gate.io has scanned its website with 56 antivirus products and found no traces of suspicious behavior -- Gate.io has still left the StatCounter off its website in order to protect users’ holdings.  
  • Citizens of the United States have elected two pro-cryptocurrency candidates to governor positions in the country’s mid-term elections yesterday. In California, Democratic candidate Gavin Newsom received 59% of the state’s electoral votes to seal the governorship, while in Colorado, Democratic candidate Jared Polis received 51.6% of the state’s electoral votes to become Colorado’s governor. In the past, Governor Jared Polis served in the House of Representatives and advocated for cryptocurrency legislation -- Polis campaign website has a page devoted entirely to blockchain policy while his campaign accepted cryptocurrency donations in Bitcoin (BTC) and Bitcoin Cash (BCH) through Bitpay. 
  • J. Christopher Giancarlo, a Chairman of the Commodity Futures Trading Commission (CFTC), said that he believes distributed ledger technology (DLT) can be leveraged to automate various regulatory processes -- specifically, Giancarlo highlighted potential applications in “quantitative regulation”. Automation in regulatory processes would allow regulators to more efficiently oversee markets while cutting costs. Primarily, DLT would allow regulators to more effectively interpret real-time data.  
  • The Financial Services Commission (FSC) of the Republic of Mauritius released a draft of regulatory framework for cryptocurrency custodian services. The FSC’s draft regulation details that custodians will require a custodian service license in order to operate as a holder of digital assets and a safe keeper of digital assets. The draft regulation also requires that custodians uphold anti-money-laundering (AML) and counter-terrorism-financing (CFT) standards. Custodians in the Republic of Mauritius will also be required to hold at least 500,000 of Mauritian rupees in reserves, worth about USD$14,000.  
  • Trading platform, eToro, announced in a press release on Wednesday plans to launch a blockchain-driven social project to address global wealth inequality, called GoodDollar. The press release details that eToro has already invested USD$1 million of funds into GoodDollar with the trading platform seeking additional partners to join the project. In October, eToro made headlines when it became the first cryptocurrency trading platform to offer a fiat trading pair against Binance Coin (BNB). 

 

*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio

Sources:

https://bitcoinist.com/venezuela-record-bitcoin-october/ 
https://bitcoinist.com/blockstream-unveils-new-block-explorer-liquid-sidechain-full-node/ 
https://cointelegraph.com/news/crypto-exchange-gateio-removes-statcounter-service-following-report-of-security-breach 
https://www.coindesk.com/hackers-breach-popular-web-analytics-site-to-target-crypto-exchange/ 
https://cointelegraph.com/news/mauritius-financial-commission-releases-draft-regulation-for-crypto-custodian-services 
https://www.coindesk.com/cftc-chair-says-distributed-ledger-tech-can-aid-market-watchdogs/ 
https://cointelegraph.com/news/two-pro-crypto-candidates-score-wins-in-us-midterm-gubernatorial-elections 
https://bitcoinist.com/pro-bitcoin-congressman-jared-polis-is-colorados-new-governor/ 
https://www.newsbtc.com/2018/11/07/cryptocurrency-markets-find-stability-as-us-elects-multiple-pro-crypto-politicians/ 
https://www.coindesk.com/crypto-friendly-governors-won-big-in-yesterdays-us-midterm-election/ 
https://cointelegraph.com/news/trading-platform-etoro-unveils-blockchain-solution-to-tackle-economic-disparity