Cryptocurrencies directed downwards

Posted 12 July, 2018

Prices for the main cryptocurrencies are generally down on Thursday.

On the Bitfinex, Bitcoin plunged to some $6.184, followed by Ethereum priced on this platform at $429.85. Bitcoin has remained depressed lately and lost more than 70% after touching the peak of $20,000. 

Ripple prices dropped to $0.43300; Litecoin changed hands at $76.180. 

The total market cap stays near its a week bottom. For now, it stays at some $245 billion ($254 billion early this week).

According to the news reports, the US Justice Department established the force team to supervise the integrity of the market and fight against the frauds, including the crypto cases. This team will pay close attention to the protection of seniors, military and veterans.

Meanwhile, in India, there are rumours that the government will not ban cryptocurrencies. The Minister of Finance reportedly ordered to launch an investigation into cryptos. One of the officials commented that digital coins should be regulated as exchange commodity rather than banned. However, the main issue is how to regulate crypto trading.

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13 July, 2018 11:05

← Binance participates in first ever decentralized bank project

The major crypto exchange – Binance – reportedly announced investments into the project of the regulated bank Founders Bank in Malta. The bank will be financed by crypto investors. The company spokesperson stated that it has 5% stake in the new bank with EUR 133 ($155 million) pre-money valuation, like other main investors.

Binance participates in first ever decentralized bank project

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12 July, 2018 17:42

CEZA expects crypto exchange certification to generate $67 million →

The Cagayan Economic Zone Authority (CEZA) in the Philippines reportedly intend to get $67 million from the crypto licenses. As stated CEZA spokesperson, Hon Kong-based Golden Millennial Quickpay Inc. trading platform was the first to receive one of 25 licenses. Applications were submitted by 70 companies in total, with six firms having paid the certification fee.

CEZA expects crypto exchange certification to generate $67 million
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