Cryptocurrencies stronger by week's end

Posted 04 May, 2018

Prices for bitcoin and other cryptocurrencies went up at the end of the week. Ethereum, the second major coin, hiked by more than 12%. In South Korea, some officials proposed a ruling that may help to settle uncertainties with regulation in the global crypto market. 

On the Bitfinex, bitcoin was priced at $9,745.5, followed by Ethereum reaching $795.4 on this platform. 

Ripple on the Poloniex changed hands at some $0.91000 (some 4% up). Litecoin rose to $162.6.

According to the news reports, officials from the Democratic Party of South Korea tabled a bill to regulate the creation of new cryptocurrencies and ICO in the country. With the proposal, new startups may become able to attract capital via token sales instead of foreign ICOs.

The bill is aimed at legalizing ICOs under the government’s supervision,” said an official. “The primary goal (of the legislation) is helping remove uncertainties facing blockchain-related businesses. Under the bill, ICOs would be under tight supervision by the Financial Services Commission (FSC) and the Ministry of Science and ICT,” he added.

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04 May, 2018 17:24

← US dollar higher vs euro on released labor market data

The US dollar is rising against the European currency, though loses grounds against the Japanese yen during the Friday trading driven by the US labor data. According to the released figures, jobs in US economy rose just by 164,000 in April 2018, while the forecast was set at 193,000. The unemployment rate was at 3.9% over the period under review.

US dollar higher vs euro on released labor market data

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04 May, 2018 11:54

Bitcoin banknotes see the light in Singapore →

Singapore's Tangem has issued bitcoin banknotes, called smart-banknotes, according to the developers. Still, these banknotes are not actually made from paper and represent a hardware cold storage with integrated Samsung  S3D350A chip. According to the news reports, the innovation also has some similar features with traditional banknotes.

Bitcoin banknotes see the light in Singapore
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