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Cryptocurrencies break out and return to November levels, Bitcoin tests $5,000

Apr 05, 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 7 Day Price Percent Change

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Name Ticker Price 1H %Chg 24H %Chg 7D %Chg Market Cap Volume
Bitcoin Cash BCH USD$287.75 -0.27% -1.42% 69.4% USD$5,096,537,207 USD$2,053,586,585
Litecoin LTC USD$87.7 0.14% 2.16% 43.35% USD$5,368,157,157 USD$3,885,330,458
NEO NEO USD$13.17 0.67% 0.42% 38.47% USD$855,973,853 USD$371,579,754
Dash DASH USD$130.05 -0.57% 3.24% 32.93% USD$1,135,972,976 USD$318,730,222
NEM XEM USD$0.07 -0.28% 3.11% 29.64% USD$637,026,293 USD$30,927,354

Developments in Financial Services

  • The SIX Swiss Exchange, Switzerland’s principal stock exchange, has officially listed a Ripple (XRP)-based  Exchange-Traded Product (ETP). After the exchange confirmed that it would list the ETP, dubbed Amun Ripple (AXRP), back in March, trading of AXRP has launched. According to Amun CEO Hany Rashwan, the company has already received approval to launch four other ETPs that track major altcoins, including Bitcoin Cash (BCH), Litecoin (LTC), Stellar (XLM), and EOS (EOS).   
  • San Juan Mercantile Exchange (SJMX), a cryptocurrency trading platform based in Puerto Rico, has officially launched banking operators through its new San Juan Mercantile Bank & Trust subsidiary. San Juan Mercantile Bank & Trust receive its first official deposit on Thursday and the bank will offer services mainly to institutional clients. Nick Varelakis, President and COO of San Juan Mercantile Bank & Trust, said in the press release, “Intuitional market participants in the digital asset space now have access to a licensed, fully regulated and operational banking partner that provides a secure environment for matching and settlement of digital asset trades.”  
  • PayPal, the global online payments giant, has made its first investment in a blockchain company with a Series A investment in startup Cambridge Blockchain. The investment by PayPal is as part of an extension in Cambridge Blockchain’s initial USD$7mm Series A funding round that closed in May 2018. As per a report by Forbes, filings through the US Securities and Exchange Commission (SEC) reveal that USD$3.5mm of fresh equity has been invested in Cambridge Blockchain in the nine months beginning May 2018.

 

Better Research, Better Investments.Better Research, Better Investments.
Better Research, Better Investments.Better Research, Better Investments.

Regulatory Environment

  • The Malta Financial Services Authority (MFSA), the country’s regulator for the financial services industry, officially approved its first 14 crypto assets agents who previously sought out a license, according to a statement published Tuesday. The news comes 5 months after Malta, also known as Blockchain Island, adopted the Virtual Financial Assets Act (VFA) that resulted in more than 250 applications filed by lawyers, accountants, and auditors. According to a statement from the MFSA on Tuesday, only 28 of the more than 250 initial applications finally succeeded in applying for a license, with only 14 being approved with, “minor details,” to be fixed. 
  • The State Bank of Pakistan, Pakistan’s central bank is targeting the launch of a digital currency by 2025. According to a new report published by news outlet Dawn on Tuesday, State Bank of Pakistan said that the country is working on researching a conceptual digital currency to, “promote financial inclusion and reduce inefficiency and corruption.” According to the report, the State Bank of Pakistan will target 2030 to make the prospective digital currency’s services, “fully digitized and technology equipped.”

 

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

 

General News

  • China is currently leading the world in the number of blockchain projects going on in the country, that is, according to a new report published by China-based English news outlet China.org.cn. Citing a report from Blockdata, the current 263 ongoing blockchain projects in China represent about 25% of those going on across the globe.

 

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

Sources:

http://www.china.org.cn/business/2019-04/02/content_74636929.htm 
https://coin360.io/  
https://coinmarketcap.com/  
https://cointelegraph.com/news/major-swiss-stock-exchange-six-lists-xrp-exchange-traded-product 
https://cointelegraph.com/news/malta-financial-regulator-approves-first-14-crypto-assets-agents 
https://cointelegraph.com/news/paypal-invests-in-digital-identity-focused-blockchain-startup-in-apparent-first 
https://cointelegraph.com/news/puerto-rico-sees-new-crypto-bank-accept-first-client-deposit 
https://cointelegraph.com/news/report-blockchain-and-crypto-firms-in-malta-face-difficulty-in-finding-banking-services 
https://cointelegraph.com/news/report-china-leading-world-in-blockchain-projects 
https://cointelegraph.com/news/swiss-stock-exchange-six-to-reportedly-list-xrp-exchange-traded-product 
https://www.coindesk.com/a-new-bank-for-crypto-traders-has-opened-in-puerto-rico 
https://www.coindesk.com/pakistan-central-bank-eyes-digital-currency-launch-by-2025 
https://www.coindesk.com/paypal-makes-its-first-ever-investment-in-a-blockchain-startup 
https://www.coindesk.com/six-exchange-may-list-xrp-exchange-traded-product-in-two-months 
https://www.coindesk.com/xrp-exchange-traded-product-goes-live-on-swiss-six-exchange 
https://www.dawn.com/news/1473310/state-bank-eyes-issuance-of-digital-currency-by-2025 
https://www.forbes.com/sites/michaeldelcastillo/2019/04/02/paypal-targets-identity-ownership-with-its-first-blockchain-investment/#4c99a1c85561 
https://www.mfsa.com.mt/wp-content/uploads/2019/04/PR-VFA-Agents-In-Principle-Approvals-02-04-20191.pdf 
https://www.prnewswire.com/news-releases/san-juan-mercantile-bank--trust-international-commences-banking-operations-in-support-of-digital-asset-trading-300821970.html

Crypto Model PortfoliosCRYPTO INVESTING MADE SIMPLE
Crypto Model PortfoliosCRYPTO INVESTING MADE SIMPLE