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Cryptocurrencies edge lower as CoinMarketCap announces crypto indices on Bloomberg, Nasdaq, Reuters, and more

Mar 20, 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$4070.02 0.09% 0.08% 4.09% USD$71,633,430,538 USD$9,820,772,337
Ethereum ETH USD$139.49 0.06% -0.52% 4.58% USD$14,690,413,752 USD$4,533,791,250
Litecoin LTC USD$60.51 0.04% 0.54% 7.92% USD$3,689,373,702 USD$1,945,018,585
EOS EOS USD$3.72 -0.18% -1.41% 2.83% USD$3,368,825,231 USD$1,408,315,654
XRP XRP USD$0.32 -0.0% -0.11% 1.15% USD$13,281,696,258 USD$788,023,887

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
VeChain VET USD$0.01 0.45% 4.04% 9.46% USD$313,306,369 USD$18,978,692
OmiseGO OMG USD$1.55 0.43% 2.69% 8.67% USD$218,045,326 USD$54,698,543
Monero XMR USD$56.19 0.28% 2.24% 8.28% USD$947,608,948 USD$89,430,085
NEM XEM USD$0.05 0.13% 1.6% 9.36% USD$454,677,873 USD$17,800,320
Cardano ADA USD$0.05 -0.46% 1.32% 14.26% USD$1,383,193,452 USD$47,495,026

 

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Crypto Market Recap

  • Cryptocurrencies are trading mostly lower this afternoon as the price of Bitcoin (BTC) edged down by 0.08% over the last 24 hours to USD$4,064.19. Litecoin (LTC) is moving against top cryptocurrencies, up by 0.56% over the last 24 hours to USD$60.55 -- LTC is the only top 10 cryptocurrency by market capitalization in the green today. Stellar (XLM) and Binance Coin (BNB) continue to lag the broad crypto market, down 2.19% and 2.29% over the last 24 hours to USD$0.11607 and USD$15.19, respectively.

Crypto Developments in Financial Services

  • CoinMarketCap will soon launch two cryptocurrency benchmark indices on notable financial data platforms Nasdaq Global Index Data Service, Bloomberg Terminal, Thomson Reuters Eikon, and Borse Stuttgart, the crypto data website announced in a release on Wednesday. The two crypto indices will be launched in partnership with German index provider Solactive, who will calculate and administer the indices. Both crypto indices will track the top 200 cryptocurrencies by market capitalization; the first including Bitcoin (BTC) and the second excluding the benchmark crypto.   
  • JPMorgan’s Ron Karpovich, the financial institution’s Global Head of eCommerce Solutions, claimed in an interview with CNBC that cryptocurrency firms will have to ultimately use banks to move funds. “Ultimately behind the scenes, they are going to have to use a bank to move funds. There’s more partnership instead of competition in that space.”

Crypto Regulatory Environment

  • The US Securities and Exchange Commission (SEC) has received 7 comments on the proposed rule change that would allow a VanEck/SolidX Bitcoin (BTC) exchange-traded fund (ETF), most of which are negative. All comments available to date were submitted between February 13th, 2019 and March 12th, 2019. Of the 7 comments submitted to the SEC regarding the proposed rule change, 6 strongly urge the regulator not to allow the BTC ETF.

General Crypto News

  • The trend of growing staked cryptocurrencies appears to be continuing, according to the latest industry newsletter published by Diar earlier this week. According to Diar, total aggregate staked cryptocurrencies now equate to roughly USD$4bn, led by major coin EOS (EOS) with about USD$1.8bn worth of staked tokens. Dash (DASH) maintains the second-most staked coins among cryptocurrencies with USD$431mm worth of tokens, closely followed by newly-launched Cosmos (ATOM) with USD$309mm worth of staked tokens.  
  • SeriesOne, a popular US-based crowdfunding platform, is partnering with security token protocol Polymath to build a digital securities offering ecosystem on the former’s platform, according to a joint press release. The prospective platform will enable crypto developers to create and manage regulatory-compliant security tokens, no matter how young or mature the coin may be. Polymath’s unique ST-20 token protocol is regulatory compliant as it, “embeds regulatory requirements into the tokens themselves, restricting trading to verified participants only.”

 

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

Sources:

https://blog.coinmarketcap.com/2019/03/20/coinmarketcap-cryptocurrency-benchmark-indices-to-launch-on-nasdaq-bloomberg-and-thomson-reuters-today/ 
https://coin360.io/  
https://coinmarketcap.com/  
https://cointelegraph.com/news/coinmarketcap-launches-crypto-indices-on-nasdaq-bloomberg-others 
https://cointelegraph.com/news/funding-platform-seriesone-partners-with-polymath-to-use-its-security-token-protocol 
https://cointelegraph.com/news/jpmorgan-chase-exec-crypto-innovators-will-ultimately-have-to-use-a-bank-to-move-funds 
https://cointelegraph.com/news/most-respondents-file-negative-comments-for-secs-review-of-vaneck-solidx-bitcoin-etf 
https://cointelegraph.com/news/proof-of-stake-cryptocurrencies-have-4-billion-in-staked-funds-diar 
https://cointelegraph.com/news/sec-set-to-begin-fresh-consultation-period-on-cboe-vaneck-bitcoin-etf 
https://diar.co/volume-3-issue-9/ 
https://www.cnbc.com/video/2019/03/20/blockchain-enables-payments-to-be-faster-and-cheaper-jp-morgan.html 
https://www.prnewswire.com/news-releases/seriesone-and-polymath-partner-to-deliver-an-end-to-end-solution-for-security-token-issuers-300814899.html 
https://www.sec.gov/comments/sr-cboebzx-2019-004/srcboebzx2019004.htm 

 

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