Bitcoin and other cryptocurrencies rise in price

Posted 01 June, 2018

Despite possible trade regulation tightening worldwide, cryptocurrencies have increased by Friday. Spain's Parliament voted for the regulation of blockchain and cryptos, along with International Monetary Fund calling for crypto segment regulation.

The leading currency, bitcoin, changed hands on the Bifinex at $7,553; Ethereum on this platform gained some 3% reaching $586.10.

Ripple prices on the Poloniex went up to $0.61298. Litecoin was quoted at $119.40.

According to the news reports, Spain's Congress approved the legislation aimed at the blockchain and crypto regulation this Wednesday. Under the document, the rules for crypto trading were revised. As a result, blockchain and cryptocurrency technologies must be put in the Spanish market within the controlled trial environment.

In addition, it is proposed that the government might cooperate with the State Securities Commission and Bank of Spain in order to develop the single policy for the crypto segment.

Meantime the International Monetary Fund reportedly claimed that the central banks in the world should boost the attractiveness of the fiats in the digital era. The IMF official has noted the need to regulate crypto segment to prevent an abuse of power of the regulators as well as any unfair practices.

Previous story

01 June, 2018 14:51

← imToken wallet receives $10 million financing

The crypto wallet – imToken – has reportedly managed to attract $10 million investments from China's IDG capital during the Series A funding round. Earlier, this investment company provided funds for Circle, Ripple and Bitmain. The company CEO and founder said that the received funds will be spent on business expansion, entering new markets and upgrades of imToken 2.0. 

imToken wallet receives $10 million financing

Next story

01 June, 2018 11:40

Bittrex expands services adding fiat US dollar →

The US-based trading platform Bittrex has become able to accept fiat US dollar. For that purpose, the company has reportedly entered into an agreement with Signature Bank in New York. The company said that with this cooperation they would be able to expand provided services. Specifically, platform's corporate clients from some states can buy cryptocurrencies for US dollar.

Bittrex expands services adding fiat US dollar
Write a comment
 
Prove you’re not a bot + 18 = 31