Price for cryptocurrencies softer with Nasdaq ready to consider crypto platform launch

Posted 26 April, 2018

Prices for bitcoin and other cryptocurrencies decreased in the second half of the week. The market became somewhat concerned about  the news that  Nasdaq’s chief expressed certain support for the coins.

As a result, the Bitfinex recorded bitcoin changing hands at $8,818 (almost 6% down d-o-d). The second major coin Ethereum was priced on this platform at 625.99. Ripple on the Poloniex was quoted at $0.79320; Litecoin price decreasd to some $144.82.

According to the media, Nasdaq's CEO  Adena Friedman told CNBC in the interview that they might consider an exchange platform in the long run in case of favourable regulation.

"If we do look at it and say 'it's time, people are ready for a more regulated market, for something that provides a fair experience for investors... I believe that digital currencies will continue to persist it's just a matter of how long it will take for that space to mature. Once you look at it and say, do we want to provide a regulated market for this? Certainly Nasdaq would consider it," commented Nasdaq CEO.

Another matter of interest came from Wisconsin, where some officials expressed intentions to permit political contributions in cryptocurrencies. This raised flags as such donations mean inherent anonymity, while earlier the authorities could trace and money donated via credit cards or cheque and check sources. For reference,  Montana and Washington, D.C. already accept bitcoin campaign contributions.

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26 April, 2018 15:42

← US dollar weakens after recent leap

US dollar has posted some weakening in the second half of the week. The American currency decreased after hitting a multi-month peak early this week as the market took some break.The US Dollar index went down to 90.00, falling below the January high of 91.04. The driver of the recently observed sharp dollar upturn is soaring 10Y US bond yield...

US dollar weakens after recent leap

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