Cryptos somewhat dip on Friday

Posted 26 October, 2018

Cryptos have changed moderately at the end of the week. 

Bitcoin changed hands on the Bitfinex at $6,523. Ethereum quotes on this platform dropped to $203.80. As for XRP and Litecoin were priced at 0.46386 and 51.710 respectively.

It was reported today that India's Supreme Court required that the government submitted its position towards digital coins within two weeks. For reference, local banks are banned from providing any services connected with cryptocurrencies by the country's Reserve Bank.

Earlier, the Supreme Court already applied to the government regarding providing the data collected by the dedicated unit. With this information, it will become possible to get a clearer understanding of the segment and determine the fair regulation and guidelines for it.

A representative of a local crypto trading platform noted, the court process is very slow, so the market is happy to see even small movement.

The chairman of the cryptocurrency committee stated that the report might be posted in September, but the full document would be released till the end of the year. According to the reports, the next hearing is slated for November 20.

Previous story

29 October, 2018 11:39

← Good Q3 GDP supports US dollar

Rates of the US dollar improved on Monday. The greenback is changing hands practically at 2-month peak thanks to good Q3 GDP figures, which turned to be higher than expected. The US Dollar index rose to 96.31 early Monday. The euro-to-US dollar exchange rate decreased $1.1364. The greenback got stronger vs the Japanese currency staying at 111.99. The US dollar rate was at 6.9604 vs yuan on Monday. According to the news reports, the PBOC withdrew CNY 120 billion from the market as it gave up open market operations today. As for the reference rate, it rose by 133 points to 6.9377 (6.9510 last Friday).

Good Q3 GDP supports US dollar

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26 October, 2018 16:32

Bitfinex to launch token sales service →

Bitfinex has announced a token sale service for its trading platform project. The company wrote in its blog that the new service for toke sales will be applied to its Ethfinex project designed for the sales of Ethereum-token. This service is said to be an exclusive one and the users will be selected on a draw method. Bitfinex stated that the new instruments for the draw to make the process more transparent and random in the short run. The token sale draw requires verification via BlockPass.

Bitfinex to launch token sales service
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