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Cryptocurrencies mixed overnight, Canaan Creative considering IPO

Jan 08, 2019

 

 
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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$4085.8 0.55% 1.22% 8.92% USD$71,379,414,944 USD$5,180,155,749
Ethereum ETH USD$153.37 0.62% -0.12% 13.01% USD$15,990,691,083 USD$2,486,551,895
EOS EOS USD$2.85 1.33% 2.32% 9.79% USD$2,581,674,373 USD$692,096,840
Litecoin LTC USD$40.74 2.51% 6.77% 31.96% USD$2,441,278,080 USD$607,672,061
XRP XRP USD$0.37 0.59% -0.04% 3.22% USD$14,961,637,147 USD$462,463,575

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
TRON TRX USD$0.03 -0.49% 11.15% 35.99% USD$1,738,377,714 USD$321,031,915
NEO NEO USD$9.35 2.87% 8.66% 23.7% USD$607,896,122 USD$150,190,619
Litecoin LTC USD$40.74 2.51% 6.77% 31.96% USD$2,441,278,080 USD$607,672,061
Stellar XLM USD$0.13 4.32% 5.51% 12.19% USD$2,460,865,854 USD$101,313,720
Monero XMR USD$54.07 0.65% 3.33% 16.88% USD$902,757,034 USD$14,448,488

 

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Crypto Market Recap

  • Cryptocurrencies were broadly mixed overnight with Bitcoin (BTC) trading slightly higher, up 0.63% in the last 24 hours to USD$4,055.29. Tron (TRX) is outperforming major coins and is the third-best performing coin among the 100 largest cryptocurrencies, up 11.63% in the last 24 hours to USD$0.02807. Waves (WAVES) and Ethereum Classic (ETC) lagged major coins in overnight trading, down 4.00% and 2.84% in the last 24 hours to USD$2.96 and USD$5.04, respectively.

Crypto Developments in Financial Services

  • Canaan Creative, a Chinese Bitcoin (BTC) mining hardware manufacturer, is considering an initial public offering (IPO), according to a Bloomberg report that cites anonymous sources. Canaan is China’s second-largest BTC mining hardware manufacturer. The Bloomberg report details that an IPO could come as soon as in the first half of 2019. A quote from the Bloomberg article’s anonymous source reads, “deliberations are at an early stage, and there’s no certainty they will lead to a transaction.” 

Crypto Regulatory Environment

  • Japan’s Financial Services Agency (FSA) may be seeking to regulate domestic unregistered cryptocurrency investment firms, according to a report by Cointelegraph Japan. Unregistered cryptocurrency investment firms in Japan do not fall under the jurisdiction of Japan’s Financial Instruments and Exchange Act, but the FSA is reportedly considering closing this loophole.  
  • A new report published by the Bank for International Settlements (BIS) finds that 70% of central banks across the globe are conducting research into central bank digital currency (CBDC) issuances. The BIS, which is based in Switzerland and comprised of 60 central banks, details in its report that motives for conducting research into CBDC issuance vary across central banks.

General Crypto News

  • Cameron Winklevoss, one of the Founders of Gemini, a regulated digital assets platform, discussed in an Ask Me Anything session on Reddit Monday that the company is, “committed as ever to making an ETF a reality!” Cameron Winklevoss added that, “we believe bitcoin is better at being gold than gold. If we’re right, then over time the market cap of Bitcoin will surpass the ~7trillion dollar market cap of gold.”  
  • The Ethereum Foundation has awarded a USD$5mm grant to Parity Technologies, a blockchain development firm based in the United Kingdom. As per an official post on the Ethereum (ETH) blog, the grant was awarded to Parity Technologies for scalability, usability, and security work as a part of, “Parity’s work on Casper, sharding, light clients, developer tools, QA, audits, and infrastructure improvements.” Casper is the Ethereum Network’s prospective proof of stake/proof of work verification protocol hybrid.

 

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

Sources:

https://coinmarketcap.com/ 
https://coin360.com/ 
https://cointelegraph.com/news/japans-financial-watchdog-seeks-to-regulate-unregistered-crypto-investment-firms 
https://jp.cointelegraph.com/news/japanese-fsa-consider-to-regulate-investment-of-cryptocurrency-to-investment-conpany 
https://cointelegraph.com/news/canaan-may-begin-new-york-ipo-by-end-of-q2-2019-anonymous-sources-tell-bloomberg 
https://www.bloomberg.com/news/articles/2019-01-08/bitcoin-mining-chip-maker-canaan-is-said-to-consider-u-s-ipo 
https://www.coindesk.com/bitcoin-miner-maker-canaan-considering-new-york-ipo-report 
https://cointelegraph.com/news/ethereum-foundation-announces-5-million-grant-to-parity-technologies 
https://blog.ethereum.org/2019/01/07/announcing-an-ethereum-foundation-grant-to-parity-technologies/ 
https://cointelegraph.com/news/ethereum-to-combine-casper-and-sharding-upgrades 
https://bitcoinist.com/bitcoin-will-pass-7-trillion-gold-market-cap-winklevoss-twins-say/ 
https://cointelegraph.com/news/winklevoss-twins-confirm-commitment-to-bitcoin-etf-during-reddit-ama 
https://www.newsbtc.com/2019/01/08/winklevoss-twins-bitcoin-surpass-gold-leading-crypto/ 
https://www.reddit.com/r/IAmA/comments/adk0ua/we_are_cameron_and_tyler_winklevoss_cofounders_of/ 
https://www.reddit.com/r/IAmA/comments/adk0ua/we_are_cameron_and_tyler_winklevoss_cofounders_of/edhrqae 
https://cointelegraph.com/news/bis-70-of-central-banks-involved-in-cbdc-research-only-several-have-concrete-plans 
https://cointelegraph.com/news/bis-report-finds-strong-link-between-crypto-prices-and-regulators-actions

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