blog

Latest from the Quantamize Blog

Cryptocurrencies trade mixed, study finds just 14% of global crypto exchanges to be licensed with regulators

Mar 28, 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$4075.19 -0.12% 0.16% 1.26% USD$71,784,658,270 USD$9,406,360,717
Ethereum ETH USD$139.41 -0.21% -0.15% 1.99% USD$14,697,151,751 USD$4,219,921,364
EOS EOS USD$4.28 -0.1% 0.47% 17.33% USD$3,877,847,992 USD$2,244,521,769
Litecoin LTC USD$61.2 -0.21% -0.95% 3.36% USD$3,738,444,483 USD$1,912,861,046
XRP XRP USD$0.31 0.01% 0.3% -0.45% USD$12,946,806,971 USD$683,535,939

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
Qtum QTUM USD$2.7 -0.48% 4.05% 8.95% USD$241,070,639 USD$264,378,951
VeChain VET USD$0.01 -0.72% 3.15% 4.78% USD$324,173,025 USD$11,399,221
Dash DASH USD$96.57 0.45% 1.92% 5.76% USD$841,500,535 USD$277,049,169
NEM XEM USD$0.05 -0.19% 1.62% 6.44% USD$465,911,574 USD$12,828,524
IOTA MIOTA USD$0.31 -0.18% 1.04% 0.56% USD$851,119,165 USD$12,615,021

 

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 are trading broadly mixed this afternoon after rallying yesterday as the price of Bitcoin (BTC) is higher by 0.19% over the last 24 hours to USD$4,076.71. Tezos (ZTZ) is posting the largest gains among top 20 cryptocurrencies by market capitalization, soaring 14.96% over the last 24 hours to USD$0.799745. Cardano (ADA), the 10th largest cryptocurrency by market capitalization, is down the most among major coins, falling 1.74% over the last 24 hours to USD$0.066549.

Crypto Developments in Financial Services

  • Wells Fargo CEO Tim Sloan and Mastercard CEO Ajaypal Banga agreed that blockchain technology has long-term potential that has not been realized to date. The two executives made their comments while speaking to CNBC at the Fintech Ideas Festival on Wednesday. Wells Fargo CEO Tim Sloan specifically discussed that, “If you turned the clock back a few years ago, it should have completely changed the industry – that's just not the way it works.”  
  • Ledger, a French-based crypto wallet hardware manufacturer, is partnering with Legacy Trust, a trust company based in Hong Kong, to offer cryptocurrency custody services to institutions, according to a joint press release. Within the press release, the two companies claim this to be the first launch of an institutional-grade digital asset custody service. The institutional cryptocurrency custody service, dubbed Ledger Vault, will support Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH), Zcash (ZEC), and 12 other major cryptocurrencies.  
  • OK Group, the parent company of exchange services provider OKCoin and the world’s sixth-largest cryptocurrency exchange OKEx, is partnering with Prime Trust, a blockchain-focused trust company. Revealed in a tweet from OK Group founder Star Xu the partnership will involve, “an in-depth collaboration and offer diverse, secure and regulatory compliant services with Prime Trust.” Since the announcement, many have speculated that this partnership will yield a compliant stablecoin to be launched by the two companies.

Crypto Regulatory Environment

  • According to a study published by regulatory technology startup Coinfirm, just 14% of 216 global cryptocurrency exchanges are confirmed to be licensed by regulators. The 216 global cryptocurrency exchanges analyzed by Coinfirm represent over 90% of daily global crypto trading volume in a given day. As a part of its study, Coinfirm considered 7 different categories of risk, including license and authorization, Customer Due Diligence and Know Your Customer compliance, Anti-Money Laundering compliance, sanctions, senior public figures, negative and adverse media, and jurisdiction.

General Crypto News

  • The Tron Foundation is acquiring blockchain application store CoinPlay, according to a tweet from CEO Justin Sun. The acquisition by the Tron Foundation, the firm behind the 11th largest cryptocurrency by market capitalization TRON (TRX), also acquired peer-to-peer client BitTorrent and torrent client Utorrent within the last year. In its current state, CoinPlay offers a variety of blockchain applications on its store, including games, practical guides, and blockchain software.

 

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:

https://coin360.io/  
https://coinfirm-prod.objects.frb.io/assets/Coinfirm_Exchange_Report_March_2019_Non_Appendix.pdf 
https://coinmarketcap.com/  
https://cointelegraph.com/news/ceos-of-mastercard-and-wells-fargo-concur-on-blockchains-long-term-potential 
https://cointelegraph.com/news/hardware-wallet-ledger-opens-new-york-office-to-develop-institutional-custody-offering 
https://cointelegraph.com/news/ledger-trust-company-legacy-trust-to-offer-crypto-custody-for-institutional-investors 
https://cointelegraph.com/news/okex-founder-reveals-ok-groups-partnership-with-us-trust-firm-plan-to-launch-stablecoin 
https://cointelegraph.com/news/study-14-of-major-crypto-exchanges-are-licensed-by-regulators 
https://cointelegraph.com/news/study-14-of-major-crypto-exchanges-are-licensed-by-regulators 
https://cointelegraph.com/news/tron-acquires-blockchain-app-store-coinplay 
https://shop.ledger.com/pages/ledger-vault 
https://twitter.com/justinsuntron/status/1111207114624520192 
https://twitter.com/PrimeTrustCo/status/1111086675394887680 
https://twitter.com/starokcoin/status/1111088408888147969 
https://www.cnbc.com/2019/03/28/wells-fargo-mastercard-ceos-say-blockchain-has-yet-to-live-up-to-the-hype.html 
https://www.coindesk.com/ledger-legacy-trust-to-offer-institutional-custody-of-erc-20-tokens 

 

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