blog

Latest from the Quantamize Blog

Cryptocurrencies post 5th straight day of gains as Bitcoin (BTC) trades above $4,000

Dec 20, 2018

 

 
High Machine Learning Accuracy Rates for CryptocurrenciesHigh Machine Learning Accuracy Rates for Cryptocurrencies

Top 5 Cryptocurrencies sorted by 24 hour Volume

On Mobile/Tablet scroll to the right

Name Ticker Price 1H %Chg 24H %Chg 7D %Chg Market Cap Volume
Bitcoin BTC USD$4084.94 2.37% 8.74% 22.1% USD$71,214,817,548 USD$8,558,254,580
Ethereum ETH USD$115.45 3.37% 12.97% 31.73% USD$11,997,073,743 USD$3,017,540,364
EOS EOS USD$2.66 1.55% 5.65% 41.54% USD$2,414,706,463 USD$1,295,268,847
Bitcoin Cash BCH USD$191.85 7.75% 45.63% 106.72% USD$3,361,582,040 USD$1,170,007,242
XRP XRP USD$0.37 1.54% 4.79% 24.08% USD$15,217,717,911 USD$1,014,292,990

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
Bitcoin Cash BCH USD$191.85 7.75% 45.63% 106.72% USD$3,361,582,040 USD$1,170,007,242
Dash DASH USD$90.59 4.99% 19.04% 45.72% USD$771,462,692 USD$168,909,971
IOTA MIOTA USD$0.34 4.76% 18.44% 44.95% USD$937,349,285 USD$24,298,590
OmiseGO OMG USD$1.6 2.12% 16.65% 31.52% USD$224,984,639 USD$53,688,276
Monero XMR USD$53.35 4.81% 14.08% 27.52% USD$888,818,817 USD$18,847,989

 

AI-Powered Signals for Crypto TradingAI-Powered Signals for Crypto Trading

Crypto Market Recap

  • Cryptocurrencies extended their winning streak to five days and are trading higher through the afternoon with the price of Bitcoin (BTC) up 8.13% in the last 24 hours to USD$4,062.33. Bitcoin Cash (BCH) leads the rally among major coins, up 45.09% in the last 24 hours to USD$191.14 while Bitcoin SV (BSV) lags slightly behind, up 23.04% in the last 24 hours to USD$109.31. While no major coins are negative today, Binance Coin (BNB) is the worst performer, up 3.16% in the last 24 hours to UDS$5.70.

Crypto Developments in Financial Services

  • Western Credit Union’s President claimed in an interview with Reuters Plus earlier this week that the company is, “ready to adopt any kind of currency.” President Odilon Almeida discussed in the interview that there is no notable difference between cryptocurrencies and regular digital payments, the latter Wester Credit Union has handled for years. “We already transact with 130 currencies. If one day we feel like it is the right strategy to introduce cryptocurrencies to our platform, technology-wise, it’s just one more currency,” said Almeida, adding, “I think cryptocurrencies may become one more option of currency or assets around the globe to be exchanged between people and businesses. If that happens, we would be ready to launch.”

Crypto Regulatory Environment

  • Two members of the US House of Representative, Representative Warren Davidson and Representative Darren Soto, have introduced a bill that would effectively exempt cryptocurrencies and other specific digital assets from federal securities laws. The, “Token Taxonomy Act,” would amend both the Securities Act of 1933 and the Securities Exchange Act of 1934 in order to exclude digital tokens from the regulation. The bill specifies that a digital token is not a representation of a financial interest in a company, including an ownership or debt interest or revenue share.” 
  • Templum, a US-based regulated token trader, has sought out the US Securities and Exchange Commission (SEC) in an effort to better understand how digital assets tracked or tokenized on a blockchain network fall within US securities regulations. Additionally, the company filed a rulemaking petition through the US SEC that outlines how cryptocurrency assets and blockchain technology may fit into certain types of securities transactions. The petition reads, “We encourage the SEC to provide more guidance related to post-trade activities in the digital asset space.”
  • The Thai Securities and Exchange Commission (SEC) is planning a public hearing to loosen the rules that initially formed a barrier to Initial Coin Offerings (ICOs), according to local news outlet Bangkok Post. This past May, the government of Thailand issued a royal decree in order to regulate its domestic cryptocurrency market. In its report, the Bangkok Post quoted General Secretary of the Thai Securities and Exchange Commission, Tipsuda Thavarmara, who said, “The proposed guideline is an attempt to find greater equilibrium in the regulatory process and reduce regulatory impediments, while taking risk management and investor protection into account.” 

General Crypto News

  • Coinbase, a major US-based cryptocurrency exchange, has announced the launch of its, “Coinbase Earn,” program aimed to educate users while awarding them cryptocurrencies. Coinbase Earn will begin as an invite-only program, initially focusing on one digital asset, 0x (ZRX), the ERC-20. According to an officially company blog post, Coinbase Earn aims to help users, “understand more about an asset’s utility and its underlying technology, while getting a bit of the asset to try out.”

 

We Crunch the Numbers, You Make the Trade.We Crunch the Numbers, You Make the Trade.

 

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

Sources:

https://coinmarketcap.com/ 
https://coin360.io/ 
https://cointelegraph.com/news/coinbase-launches-program-to-educate-users-about-crypto-beyond-bitcoin 
https://blog.coinbase.com/earn-cryptocurrency-while-learning-about-new-digital-assets-cc2df3537fc7 
https://www.coindesk.com/token-startup-templum-seeks-sec-clarity-on-post-trade-activities 
https://cointelegraph.com/news/thailand-regulator-on-relaxing-ico-rules-we-want-to-find-greater-equilibrium 
https://www.bangkokpost.com/business/news/1597330/ 
https://cointelegraph.com/news/thailand-to-legitimize-first-ico-portal-via-new-regulation-says-sec-head 
https://www.coindesk.com/us-lawmakers-file-bill-to-exempt-cryptocurrencies-from-securities-laws 
https://go.skimresources.com/?id=100652X1574425&xs=1&isjs=1&url=https%3A%2F%2Fwww.scribd.com%2Fdocument%2F396096529%2FToken-Taxonomy-Act-of-2018&xguid=1dd966ae09a9ba1a21a235276be02a53&xuuid=bcbae4287f7249383f772e92b0f1613b&xsessid=&xcreo=0&xed=0&sref=https%3A%2F%2Fwww.coindesk.com%2Fus-lawmakers-file-bill-to-exempt-cryptocurrencies-from-securities-laws&pref=https%3A%2F%2Fwww.coindesk.com%2F&xtz=300&jv=13.12.1-stackpath&bv=2.5.1 
https://www.coindesk.com/a-major-regulatory-effort-is-brewing-to-revive-the-us-ico-market 
https://www.newsbtc.com/2018/12/20/crypto-assets-wont-be-classified-as-securities-with-proposed-u-s-bill/ 
https://cointelegraph.com/news/western-union-considers-crypto-partners-with-ripple-to-test-blockchain-payments 
https://www.youtube.com/watch?v=HVhafPNesHI

Crypto Trading Signals
Break through the crypto babble with AI MACHINE LEARNING Cryptocurrency Buy Signals