Prices for cryptocurrencies soften

Posted 30 July, 2018

Prices for bitcoin have decreased on Monday, though the coin is still available above $8,000 despite the reports of bitcoin-ETF rejection in the USA.

On the Bitfinex, the major coin changed hands at some $8,142 (about 0.22% down). Ethereum on this platform dropped to $460. Ripple prices lost 0.5% falling to 0.44983. Litecoin was quoted at $82.850 (0.80% down).

Last week, bitcoin hit $8,000 driven by the rumours that SEC might approve bitcoin-ETF. For reference, the coin strengthened by almost 40% over July. However, as it was reported, the regulator rejected the application of the Winklevoss twins for bitcoin exchange trading fund citing that such form of the fund would not prevent fraud and manipulation practices.

The total crypto market capitalization changed just slightly. Today, it amounts to some $294 billion ($299 billion last Sunday).

IBM reportedly launches blockchain financial platform. The IBM project called LedgerConnect will be aimed at banks, fintech companies and providers of software for joint access to the blockchain network (users', marketing data, derivative trading, etc).

Notably, according to the Wells Fargo data, investors are barely interested in cryptos. Specifically, the figures show that only 2% of US-based investors hold assets in bitcoin. 

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31 July, 2018 10:54

← IBM about to launch blockchain service for financial sector

IBM and CLS in cooperation with 9 financial corporations, including Barclays PLC and Citigroup Inc, are testing the new blockchain project aimed at optimization of banking and financial operations. The LedgerConnect project, a kind of blockchain application store, is designed to enable the financial institutions to get access to DLT solutions.

IBM about to launch blockchain service for financial sector

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30 July, 2018 15:53

Huobi considers P2P business in India →

Following the global expansion targets, the Huobi exchange has announced a new P2P platform for INR-crypto trading. The company has sent the corresponding e-mail notice to its Indian users.  As the local media reported, the new business is said to provide commission-free trading and exchange services (bitcoin, Ethereum and Tether).

Huobi considers P2P business in India
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