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Cryptocurrencies soar, Litecoin (LTC) leads as Bitcoin (BTC) appreciates 8%

Feb 08, 2019

 

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

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$3686.23 5.26% 8.12% 5.73% USD$64,609,030,867 USD$6,821,279,488
Ethereum ETH USD$119.13 6.43% 13.7% 10.93% USD$12,482,474,942 USD$3,313,557,699
Litecoin LTC USD$42.73 8.45% 28.59% 30.38% USD$2,579,963,552 USD$1,435,507,256
EOS EOS USD$2.74 5.13% 16.31% 16.83% USD$2,479,295,082 USD$941,357,600
XRP XRP USD$0.31 2.78% 6.67% 1.51% USD$12,882,805,680 USD$585,384,702

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
Litecoin LTC USD$42.73 8.45% 28.59% 30.38% USD$2,579,963,552 USD$1,435,507,256
EOS EOS USD$2.74 5.13% 16.31% 16.83% USD$2,479,295,082 USD$941,357,600
Ethereum ETH USD$119.13 6.43% 13.7% 10.93% USD$12,482,474,942 USD$3,313,557,699
Cardano ADA USD$0.04 3.07% 11.22% 5.1% USD$1,056,292,152 USD$28,153,908
NEO NEO USD$7.67 4.04% 10.79% 9.42% USD$498,408,384 USD$142,853,524

 

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Crypto Market Recap

  • Cryptocurrencies are soaring as the broad market is seeing a flush of green and the price of Bitcoin (BTC) is up 8.34% in the last 24 hours to USD$3,693.76. All of the top 100 cryptocurrencies by market capitalization are in the green in the last 24 hours as Litecoin (LTC) is leading the rally, up a massive 29.73% in the last 24 hours to USD$43.12. Among the top ten cryptocurrencies by market capitalization, TRON (TRX) is posting the most modest gains, up 5.62% in the last 24 hours to USD0.027168.

Crypto Developments in Financial Services

  • Invstr, a mobile investing application, announced the launch of a cryptocurrency index on its platform that will allow users to expose their portfolios to crypto markets. According to an official press release Wednesday, “Traditional indices measure impact on the asset class not an investor’s portfolio... This is not a relevant consideration for smaller investors who want to know what the impact will be on their portfolios. The Invstr Crypto Index addresses this by using weightings that optimize risk-reward based on the volatility of the constituent assets.” 
  • Credit Suisse, a global investment bank, and Banco Best, a Portuguese bank, have partnered to successfully complete end-to-end mutual fund transactions on a blockchain. According to a press release by Credit Suisse, the two financial institutions successfully processed every part of a fund trade by leveraging blockchain-based platform FundsDLT. FundsDLT is designed to reduce time between requests and settlement in trading by leveraging blockchain and smart contract technology.  
  • Joyce Chang, the global research chair at JPMorgan Securities, said in an interview with Bloomberg that blockchain technology is still far from institutionalization. Chang also discussed that blockchain must overcome several key hurdles before the industry can adopt the technology at scale. In the interview, Chang also discussed, “We’ve moved beyond experimentations, it’s still in use case form, but we are seeing more adoption of the technology.”

Crypto Regulatory Environment

  • The US Securities and Exchange Commission (SEC) will likely approve a Bitcoin (BTC) exchange-traded fund (ETF), that is, according to comments made by SEC commissioner Robert J. Jackson Jr. in an interview with political journal Congressional Quarterly leaked to Twitter. In the interview, Jackson discussed, “Eventually, do I think someone will satisfy the standards we’ve laid out there? I hope so, yes, and I think so.” Jackson is the SEC’s only democratic commissioner.  
  • Japan’s Financial Services Agency (FSA) released 4Q2018 data that shows a decline in the number of enquiries about cryptocurrencies. Publish on Friday, the report details of 788 enquiries regarding digital assets in 4Q2018, down nearly 50% from the 1,231 enquiries in 3Q2018. The report highlights that, of the 788 cryptocurrency enquiries in 4Q2018, 235 were related to general questions while 228 were related to individual transactions.

General Crypto News

  • According to a report published by the Wall Street Journal (WSJ), the USD$145mm in digital assets that are allegedly stuck in QuadrigaCX cold wallets may actually be missing altogether. The founder and CEO of QuadrigaCX, Gerald Cotton, passed away in December from Crohn’s disease and was reportedly the sole executive with access to the exchange’s cold wallets.  The WSJ article cites James Edwards, a crypto analyst who frequently publishes research on Zerononcense, who claims, “It appears that there are no identifiable cold wallet reserves for QuadrigaCX.”

 

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

Sources:

https://coin360.io/  
https://coinmarketcap.com/  
https://cointelegraph.com/news/crypto-exchange-quadrigacx-missing-145-mln-after-death-of-founder 
https://cointelegraph.com/news/investing-app-invstr-launches-a-cryptocurrency-index-for-investors 
https://cointelegraph.com/news/japanese-financial-regulator-data-shows-queries-about-crypto-continues-to-decrease 
https://cointelegraph.com/news/japan-queries-about-cryptocurrencies-steadily-decline-financial-regulator-reveals 
https://cointelegraph.com/news/jpmorgan-securities-exec-blockchain-is-still-far-from-institutionalization 
https://cointelegraph.com/news/sec-commissioner-jackson-thinks-regulator-will-approve-btc-etf-leaked-interview-shows 
https://cointelegraph.com/news/wsj-expert-claims-quadrigacx-funds-not-stuck-but-missing-altogether 
https://twitter.com/propelforward/status/1092781181555355648 
https://www.bloomberg.com/tosv2.html?vid=&uuid=1378ee20-2bb8-11e9-b301-ab69f74be8e4&url=L25ld3MvdmlkZW9zLzIwMTktMDItMDcvanBtLXMtY2hhbmctb24tdGhlLWV2b2x1dGlvbi1vZi1ibG9ja2NoYWluLXRlY2hub2xvZ3ktdmlkZW8= 
https://www.finextra.com/pressarticle/77193/invstr-publishes-cryptocurrency-index 
https://www.fsa.go.jp/soudan/2018soudan10-12/2018_10-12.html 
https://www.wsj.com/articles/a-crypto-mystery-is-140-million-stuck-or-missing-11549449001

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