Cryptocurrencies keep softening

Posted 01 August, 2018

Prices for cryptocurrencies have kept sliding in the middle of the week.

On the Bitfinex, bitcoin changed hands at $7.595 (about 5% down), while a week ago it peaked at $8,281. Ethereum on this platform was quoted at $422.86. Ripple was priced at $0.44920 and Litecoin – $77.940.

The market capitalization posted another decline. For now, the crypto market cap stands at some $272 billion ($281 billion a day before).

It should be mentioned, that this week has been marked by the report about the acquisition of wallet company Trust Wallet by one of the major exchange Binance. As the company stated, they intend to expand the services and boost user protection in such a way.

In addition, the Mistertango survey showed that about 88% of the surveyed players stated the crypto payment segment requires regulation, which can help to eliminate risks here. At the same time, others believe that extra tight rules can put the main pressure on the market. With cryptocurrencies expansion worldwide, the regulators are taking measures to develop an effective way for regulation to fight against money laundering in particular.

As it was reported earlier, last week bitcoin soared on rumours that SEC would greenlight bitcoin-ETF fund of the Winklevoss twins, though later this application was rejected.

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02 August, 2018 11:38

← Bithumb suspends virtual accounts registration on lack of contracts with banks

Cryptocurrencies keep South Korea's trading platform Bithumb has reportedly suspended the registration of virtual accounts dye to expired contract with the bank. The registration has become unavailable since August 1. The exchange has reportedly failed to renew the contracts with the banking partner as well as failed to find new ones. 

Bithumb suspends virtual accounts registration on lack of contracts with banks

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01 August, 2018 16:04

Radar Relay finishes $10 million investment round →

On Wednesday, August 1, the decentralized exchange – Radar Relay – announced the completion of the Series A investment round having generated $10 million. The company spokesperson stated that the funds will be spent for community expansion and new R&D activities. This is the second investment round held by the company – the previous one took place last December with $3 million. 

Radar Relay finishes $10 million investment round
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