Cryptocurrencies trade mostly higher as EToro announces crypto trading services
Mar 07, 2019
Top 5 Cryptocurrencies sorted by 24 hour Volume
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Top 5 Cryptocurrencies sorted by 24 hour Price Percent Change
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Crypto Market Recap
- Cryptocurrencies are trading mostly in the green as the price of Bitcoin (BTC) inched higher by 0.48% over the last 24 hours to USD$3,921.19. Binance Coin (BNB) posted significant gains in afternoon trading today, appreciating 6.64% over the last 24 hours to USD$15.23. NEO (NEO) and Litecoin (LTC) are also notable movers in today’s trading both gaining 5.36% and 3.65% in the last 24 hours to USD$9.26 and USD$57.48, respectively. TRON (TRX) lags major cryptocurrencies in trading today, falling 1.31% over the last 24 hours to USD$0.023217.
Crypto Developments in Financial Services
- EToro, an exchange and social network platform with over 10 million unique registered users, officially launched cryptocurrency trading services for US users, according to a press release Thursday. EToro will offer trading services for 13 major cryptocurrencies, although the company has yet to specify which. EToro will also release a multi-signature wallet available to customers in 31 different US states and territories, which will support Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Stellar (XLM), and Ripple (XRP).
- Fidelity Digital Assets has no plans to rush its roll out of trading support for Ethereum (ETH), the world’s largest altcoin, according to comments made by Fidelity Digital Assets President Tom Jessop. Jessop told CoinDesk in an interview on Thursday, “We’re currently supporting bitcoin, we have designs to support other coins over the balance of the year center to various criteria including our [in-house selection framework], where we obviously look at client demands and other things.”
Crypto Regulatory Environment
- The United Kingdom Financial Conduct Authority (FCA) published two pieces of extensive cryptocurrency research on Thursday that examines the attitude of citizen’s attitude towards cryptocurrencies. In the first study conducted by research firm Revealing Reality, 31 crypto consumers were interviewed with 17 of those being selected for follow-up interviews. According to the results of those interviews, most UK crypto investors see cryptocurrencies as a way to, “get rich quick,”. The second survey, conducted by research firm Kantar TNS in December 2018, surveyed 2,132 UK consumer and found that about 25% of respondents, most of whom were men aged between 20-44, could identify what cryptocurrencies are.
- The South Korean Supreme Prosecutors’ Office (SPO) announced that it will for a task force specifically aimed at combatting cryptocurrency-related fraud and other crimes, according to an article published by Korean Broadcasting System. The launch of a crypto crime-focused task force comes after a nearly 9x increase in fraud cases and counterclaims related to cryptocurrency investments from 2016 to 2017. According to a report by Money Today published on Tuesday, reports of crypto related crimes in South Korea increased to 4,591 cases in 2018, a more than tenfold increase from the 453 in 2017.
General Crypto News
- Bangchak Corporation Public Co. Limited (BCP), a large Thai petroleum refining company, will test a blockchain-based energy trading platform and commercial microgrid at one of its stations in Bangkok, according to a report published by news outlet Microgrid Knowledge. The new microgrid generation and distribution blockchain platform will be responsible for generating, distributing, and storing energy for shopping hall tenants in Bangkok. According to comments made by Wuthipong Suponthana, Managing Director of Leonics, the designer of the blockchain system, “Our customer, Bangchak Petroleum Co., wants their people to gain know-how regarding the design and implementation of microgrid systems, as well as know-how regarding the operation of microgrids as a business.”
*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio