blog

Latest from the Quantamize Blog

Cryptocurrencies are mixed as Nasdaq announces the launch of two crypto indices

Feb 13, 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

On Mobile/Tablet scroll to the right

Name Ticker Price 1H %Chg 24H %Chg 7D %Chg Market Cap Volume
Bitcoin BTC USD$3634.62 0.17% -0.47% 6.59% USD$63,737,280,638 USD$6,602,677,261
Ethereum ETH USD$122.44 0.11% 0.35% 17.37% USD$12,837,471,205 USD$3,410,321,275
Litecoin LTC USD$42.07 0.62% -3.42% 27.96% USD$2,542,989,286 USD$1,122,587,995
EOS EOS USD$2.88 0.7% -1.53% 22.88% USD$2,605,522,451 USD$1,069,291,867
XRP XRP USD$0.3 0.12% 0.35% 4.45% USD$12,560,315,187 USD$530,836,495

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
NEM XEM USD$0.04 1.36% 4.19% 18.09% USD$367,086,760 USD$11,853,224
Monero XMR USD$50.3 -0.09% 2.95% 17.46% USD$844,626,044 USD$60,403,802
Ethereum ETH USD$122.44 0.11% 0.35% 17.37% USD$12,837,471,205 USD$3,410,321,275
XRP XRP USD$0.3 0.12% 0.35% 4.45% USD$12,560,315,187 USD$530,836,495
Bitcoin Cash BCH USD$122.91 -0.01% 0.33% 6.48% USD$2,165,717,813 USD$249,204,818

 

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

Crypto Market Recap

  • Cryptocurrencies remained broadly mixed in afternoon trading as 5 of the top 10 cryptocurrencies by market capitalization are in the red in the last 24 hours with Bitcoin (BTC) down 0.52% to USD$3,631.38. Ethereum (ETH) and Ripple (XRP) are moving against BTC, slightly positive by 0.49% and 0.34% in the last 24 hours to USD$122.49 and USD$0.304626, respectively. Maker (MKR) is posting the largest gains among major cryptocurrencies, up 10.44% in the last 24 hours to USD$544.51. Litecoin (LTC), meanwhile, is down the most among major cryptocurrencies, falling 3.50% in the last 24 hours to USD$41.99.

Crypto Developments in Financial Services

  • Nasdaq will launch two new indices to track the prices of major cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) on February 25th, according to an official company press release. The Bitcoin Liquid Index (BLX) and Ethereum Liquid Index (ELX) will offer a way for investors to track real-time price updates for two of the largest cryptocurrencies by market capitalization. The two new indices are enabled through a partnership with US blockchain and crypto asset market data firm Brave New Coin.  
  • According to a Bloomberg report, cryptocurrency miners and investors are using derivatives in an attempt to survive the crypto bear market. Bloomberg highlights in the article that crypto derivative instruments, such as options, are beginning to gain popularity as a means to generate short-term cash. The report by Bloomberg quotes Sam Bankman-Fried, CEO of quantitative digital asset trading firm Alameda Research, who said, “Anyone sitting on a stockpile of tokens saw in the bear market of 2018 that their business is at the mercy of crypto prices. It can be crucial for those players’ survival to have some cash if digital asset prices go down.”

Crypto Regulatory Environment

  • In a research report published on Monday, the New York Federal reserve argued that cryptocurrencies will not become an international monetary phenomenon in the coming years that challenges the dollar. In its report, the New York Fed commented, “Cryptocurrencies, set up to challenge the conventional structure of payments in official currencies, thus far are unlikely to meet criteria for international roles in the near to medium term.”

General Crypto News

  • QuadrigaCX, the Canadian cryptocurrency exchange that owes CAD$250mm (USD$190mm) to its users following the death of its founder and CEO, reportedly lost another CAD$500,000 by mistake last week. In an initial report by court-appointed monitor Ernst and Young (EY), the Big 4 auditing company said that QuadrigaCX moved more than 100 Bitcoin (BTC) into a cold wallet it cannot access. EY wrote in its report, “On February 6, 2019, Quadriga inadvertently transferred 103 bitcoins valued at approximately $468,675 [CAD] to Quadriga cold wallets which the Company is currently unable to access. The Monitor is working with Management to retrieve this cryptocurrency from the various cold wallets, if possible.”eThe  
  • University of California, Berkeley (US Berkeley) is set to launch a 12-week accelerator program aimed at blockchain startups in their early stages, according to an official announcement. Dubbed the Berkeley Blockchain Xcelerator, the accelerator program is sponsored in part by venture capital fund Berkeley X-Lab Fund. Gloria Zhao, president of Blockchain at Berkeley, discussed the reasoning behind the accelerator program, saying, “With such a nascent technology as blockchain, we see that a lot of subject matter experts and people make an impact in the blockchain space are students.” 
  • Busan, the second-largest city in South Korea, signed Memorandum of Understanding (MoU) with blockchain firm Hyundai Pay, as per an official press release published Monday. As part of the MoU, Busan and Hyundai Pay will promote the development and growth of blockchain startups and jobs in the South Korean city.

 

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

http://www.nasdaqtrader.com/TraderNews.aspx?id=fpnews2019-3 
https://bitcoinist.com/new-york-fed-cryptocurrency-wont-challenge-dollar-in-near-or-mid-term/ 
https://bitcoinist.com/san-francisco-fed-head-crypto-is-not-a-currency/ 
https://coin360.io/  
https://coinmarketcap.com/  
https://cointelegraph.com/news/bloomberg-investors-miners-turn-to-derivatives-to-survive-crypto-winter 
https://cointelegraph.com/news/nasdaq-to-add-brave-new-coin-bitcoin-and-ethereum-indices-this-month 
https://cointelegraph.com/news/south-koreas-second-most-populous-city-signs-mou-with-blockchain-firm-to-promote-fintech 
https://cointelegraph.com/news/uc-berkeley-launches-accelerator-for-early-stage-blockchain-startups 
https://documentcentre.eycan.com/eycm_library/Quadriga%20Fintech%20Solutions%20Corp/English/1.%20Monitor's%20Reports/2.%20First%20Report%20of%20the%20Monitor/First%20Report%20of%20the%20Monitor%20dated%20February%2012,%202019.pdf 
https://libertystreeteconomics.newyorkfed.org/2019/02/the-us-dollars-global-roles-where-do-things-stand.html 
https://scet.berkeley.edu/uc-berkeley-launches-accelerator-to-support-blockchain-startups/ 
https://twitter.com/cryptomanran/status/1091711938411806720 
https://www.bloomberg.com/tosv2.html?vid=&uuid=9641a5e0-2f73-11e9-9b0e-a5504e605686&url=L25ld3MvYXJ0aWNsZXMvMjAxOS0wMi0xMy9jcnlwdG8tc3Vydml2b3JzLWZpbmQtYS1yYXJlLWxpZmVsaW5l 
https://www.coindesk.com/nasdaq-to-add-bitcoin-and-ethereum-indices-to-global-data-service 
https://www.coindesk.com/quadriga-inadvertently-sent-btc-to-dead-ceos-cold-wallet-ey-report 
https://www.hdactech.com/en/News/news.do?mode=view&articleNo=20458

 

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