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Cryptocurrencies Stabilize with BTC at $5,500 and XRP Ahead of ETH

Nov 15, 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$5496.97 -0.37% -12.34% -15.17% USD$95,523,196,691 USD$8,350,612,567
Ethereum ETH USD$175.24 -0.43% -12.52% -18.19% USD$18,087,923,727 USD$3,112,013,697
EOS EOS USD$4.47 0.03% -12.58% -19.42% USD$4,053,506,481 USD$1,309,602,434
XRP XRP USD$0.45 -0.57% -9.16% -11.43% USD$18,145,774,729 USD$1,178,085,556
Bitcoin Cash BCH USD$428.94 -1.5% -10.99% -27.74% USD$7,489,022,227 USD$1,081,645,711

Top 5 Cryptocurrencies sorted by 24 hour Price Percent Change

On Mobile/Tablet scroll to the right

Name Ticker Price 1H %Chg 24H %Chg 7D %Chg Market Cap Volume
XRP XRP USD$0.45 -0.57% -9.16% -11.43% USD$18,145,774,729 USD$1,178,085,556
Stellar XLM USD$0.23 -0.63% -9.5% -11.51% USD$4,260,446,684 USD$110,161,073
Bitcoin Cash BCH USD$428.94 -1.5% -10.99% -27.74% USD$7,489,022,227 USD$1,081,645,711
Bitcoin BTC USD$5496.97 -0.37% -12.34% -15.17% USD$95,523,196,691 USD$8,350,612,567
Ethereum ETH USD$175.24 -0.43% -12.52% -18.19% USD$18,087,923,727 USD$3,112,013,697

 

Crypto News

  • A new poll conducted by Russian payment service Yandex.Money in partnership with the Moscow Information Technology Department (ITD) reveals that 5% of Moscow residents who use non-cash methods of payment are open to using cryptocurrencies. The poll surveyed 1,000 Moscow residents by way of phone. Of the Moscow residents who already use non-cash forms of payment, just 1% already use cryptocurrencies. Ivan Buturlin, ITD’s head of analytics, provided some context to the survey, saying, “34% of Moscow residents use primarily non-cash methods of payment, wherein 63% conduct electronic transactions at least once a day.” 
  • Ahead of an initial coin offering (ICO) round aimed towards raising funds for an opposition political movement in Malaysia, Fahmi Fadzil, a Malaysian lawmaker, urged the government to delay the ICO in due to a need for proper regulation and guidelines in the cryptocurrency space. While speaking to a crowd of reporters, Fadzil said, “The anonymous nature of cryptocurrency may open us up to some issues, and we need to wait for guidelines from Bank Negara Malaysia (BNM) in regard of cryptocurrency.” Specifically, Fadzil believes that clearer guidelines need to be outlined concerning crypto-based political funding, which happens to be the main purpose of this ICO funding. 
  • Binance, currently the world’s second largest cryptocurrency exchange by adjusted daily volume, announced in a blog post today that it would begin listing USD Coin (USDC), Circle’s USD-pegged stablecoin, with deposits and trading beginning immediately. USDC, which was announced in May and launched in September of this year, will trade against Bitcoin (BTC) and Binance Coin (BNB). In its blog post, Binance detailed why it chose to list USDC, saying, “For increased transparency, USDC has engaged a top-ranking auditing firm to release monthly balance attestations of the corresponding USDC and USD balances held/issued.” 
  • Brad Garlinghouse, CEO of Ripple, discussed that the introduction of regulation will drive adoption of blockchain and cryptocurrency with Ross Leckow, Deputy General Counsel of the International Monetary Fund (IMF).  Garlinghouse’s comments came while participating in a discussion at the Singapore Fintech Festival that pertained to regulatory frameworks that are emerging in the Association of Southeast Asian Nations (ASEAN) -- some nations included in the ASEAN are Singapore, Indonesia, Thailand, Malaysia, and the Philippines. In the discussion, Garlinghouse said, “Regulatory clarity has a huge ability to drive digital asset and blockchain adoption. It is surprising how many markets still have uncertainty.” 
  • KuCoin, a Hong Kong-based global cryptocurrency exchange, generated Series A funding worth roughly USD$20 million lead by IDG Capital, Matrix Partners, and Neo Global Capital, as per a Wednesday press release. The Series A capital will be used to facilitate the development and launch of KuCoin’s 2.0 platform, research, expansion into new markets, and more. The funding and future expansion of KuCoin comes as the cryptocurrency community continues to observe a harsh divergence between Hong Kong’s flourishing cryptocurrency industry and mainland China’s increasingly draconian cryptocurrency sector. 
  • Point95 Global, a Shanghai-based digital asset management firm, is reportedly planning to launch a new multi-strategy cryptocurrency-quantitative fund in partnership with a yet-to-be-named licensed asset manager in Hong Kong, as per news outlet China Knowledge. The unconfirmed private crypto fund will leverage complex algorithms to identify and capitalize on arbitrage trading opportunities across different facets of the cryptocurrency sector. The fund size is expected to cap at around USD$30 million. According to the report by China Knowledge, Point95 Global will act as the fund’s sub-advisor while the unnamed Hong Kong-based licensed asset manager will serve as the fund manager and distributor.  
  • The government of Gyeongbuk, a South Korean province, is launching a Blockchain Special Committee with a focus on developing a blockchain hub for the region, as per a report by local news outlet Daily News. The government of Gyeongbuk has invited 40 domestic and foreign experts to consult on the development of the blockchain hub. In explaining the goals of the blockchain hub, Lee Cheo-uoo, a former member of National Assembly of South Korea and governor of the Gyeongbuk province said, “In order to nurture the blockchain industry, we will work with the special committee, composed of domestic and international experts, to preemptively respond and establish strategies.” This past summer, the Gyeongbuk province announced plans to issue its own local cryptocurrency, called the Gyeongbuk Coin.

 

 

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

Sources:

https://cointelegraph.com/news/poll-interest-in-crypto-as-payment-method-makes-small-inroads-among-moscow-residents 
http://www.forbes.ru/finansy-i-investicii/369085-poryadka-1-moskvichey-rasplachivayutsya-za-tovary-i-uslugi 
https://coinmarketcap.com/rankings/exchanges/+ 
https://cointelegraph.com/news/top-crypto-exchange-binance-adds-circles-usd-coin-in-latest-stablecoin-support-move 
https://support.binance.com/hc/en-us/articles/360019828831 
https://cointelegraph.com/news/breaking-circle-internet-financial-launches-stablecoin-usd-coin 
https://www.ccn.com/malaysian-lawmaker-urges-govt-to-delay-ico-launch-in-call-for-regulation/ 
https://www.thestar.com.my/news/nation/2018/11/14/fahmi-fadzil-urges-caution-over-cryptocurrency/ 
https://www.ccn.com/ripple-chief-regulatory-clarity-will-drive-crypto-blockchain-adoption/ 
https://ripple.com/insights/blockchain-and-digital-asset-use-in-asean-ceo-brad-garlinghouse-in-convo-with-imfs-ross-leckow-at-singapore-fintech-festival/ 
https://news.kucoin.com/en/kucoin-raises-series-a-round-of-funding/ 
https://cointelegraph.com/news/hong-kong-exchange-kucoin-nets-20-million-investment-from-major-vc-firms 
https://cointelegraph.com/news/skirting-the-great-wall-the-chequered-saga-of-crypto-in-china-2013-2017 
https://cointelegraph.com/news/hong-kong-issues-new-rules-to-regulate-cryptocurrency-funds-and-exchanges 
https://coinjournal.net/singapore-crypto-exchange-kucoin-raises-us20-million-series-a/ 
https://www.chinaknowledge.com/News/DetailNews/82209/Shanghai-based-cryptocurrency-company-to-set-up-hedge-fund-with-HK-asset-manager 
https://bitcoinist.com/cryptocurrency-trading-fund-30m-shanghai/ 
https://cointelegraph.com/news/south-koreas-gyeongbuk-province-launches-special-committee-to-create-blockchain-hub 
http://www.m-i.kr/news/articleView.html?idxno=469866 
https://cointelegraph.com/news/south-korea-province-to-issue-own-coin-as-govt-says-crypto-should-be-accepted