Friday, February 21, 2020

FATF’s new regulations: A threat to privacy coins, Crypto’s fate to be decided on 24th September- Crypto In-Shorts

The Takeaway:

20th September 2019: Are you tired of scouring the web for the latest crypto-updates? Enter the world of Crypto In-shorts on Chaintimes and find all you need!

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Crypto bulletin

SEC and congress will decide crypto’s faith on 24th September

Libra’s representatives recently met with SEC and central bank officials to discuss the currency’s future. SEC also announced a hearing-“Oversight of the Securities and Exchange Commission: Wall Street’s Cop on the Beat,” on 24th September, before the House of Representatives Committee to discuss stocks, bonds, cryptocurrencies, and digital and traditional investments.

Ripple files a dismissal motion against unregistered security lawsuit

Ripple has filed a motion to dismiss the “unregistered security” lawsuit against them. Jake Chervinsky, on Twitter, brought Ripple’s dismissal to the public’s attention and explained how they made 12 arguments for it but none addressed whether it was unregistered security or not.

OCBC joins JP Morgan’s IIN 

JP Morgan’s IIN (Interbank International Network) blockchain’s latest addition is from Singapore- OCBC. Currently, around 343 banks are a part of IIN.

Liquidity crisis looms over privacy coins

FATF’s latest travel rule has led to the delisting of privacy coins like Monero, Dash, and Zcash from exchanges like Coinbase and OKEx. They at the risk of a liquidity crisis but the coin developers are insisting that they’ll fully comply with FATF’s guidelines.

TON scams on Facebook

Scammers are using the anticipated TON launch to swindle investors. They’re using Telegram’s CEO Pavel Durov’s picture to promote a fake public offering of Telegram’s cryptocurrency Gram on Facebook. 

 

Bitcoin Price

Current Bitcoin Price – $10,160.57

Yesterday, Bitcoin opened at a price of $10,200.50. The fluctuations drove it to the lowest value of $9,851.69 and the highest value of $10,295.67 in 24 hours. Bitcoin closed at $10,266.41 and saw an increase of 0.65% throughout the day. The crypto coin is still below its all-time high value of $20,089.00 by 48.74%.

 

Ethereum Price

Current Ethereum Price – $216.82

Yesterday, Ethereum opened at $211.25. The fluctuations drove it to the lowest value of $204.69 and the highest value of $222.87 in 24 hours. Ethereum closed at $221.28 and saw an increase of 4.75% throughout the day.

The crypto coin is still below its all-time high value of $1,432.88 by 84.44%.

 

Ripple Price

Current Ripple Price – $0.294836    

Yesterday, Ripple opened at $0.313740. The fluctuations drove it to the lowest value of $0.287051 and the highest value of $0.313814 in 24 hours. Ripple closed at $0.302441 and saw a decrease of 3.60% throughout the day.

The crypto coin is still below its all-time high value of $3.84 by 91.82%.

 

Litecoin Price

Current Litecoin Price – $75.50

Yesterday, Litecoin opened at $77.92. The fluctuations drove it to the lowest value of $73.38 and the highest value of $78.05 in 24 hours. Litecoin closed at $77.06 and saw a decrease of 1.10% throughout the day.

The crypto coin is still below its all-time high value of $375.29 by 79.20%.

 

Cardano Price

Current Cardano Price – $0.051733

Yesterday, Cardano opened at $0.053296. The fluctuations drove it to the lowest value of $0.049907 and the highest value of $0.054614 in 24 hours. Cardano closed at $0.053296 and saw a decrease of 1.49% throughout the day.

The crypto coin is still below its all-time high value of $1.33 by 95.89%.

 

Bitcoin Market Cap

The day ended with $182,349,278,053 for the Bitcoin Market Cap.

Ethereum Market cap

The day ended with $23,377,054,470 for the Ethereum Market Cap.

Ripple Market cap

The day ended with $12,694,165,411 for the Ripple Market Cap.

Litecoin Market cap

The day ended with $4,779,029,042 for the Litecoin Market Cap.

Cardano Market cap

The day ended with $1,341,292,319 for the Cardano Market Cap.

 

Bitcoin Trading Volume

The 24-hour trading volume of Bitcoin – $17,309,428,311    

Ethereum Trading Volume

The 24-hour trading volume of Ethereum – $9,684,184,905    

Ripple Trading Volume

The 24-hour trading volume of Ripple – $1,833,671,916    

Litecoin Trading Volume

The 24-hour trading volume of Litecoin – $3,324,652,446    

Cardano Trading Volume

The 24-hour trading volume of Cardano – $110,390,298    

 

Whale alerts

Crypto enthusiasts beware of these whales

  1. 4,923 BTC ($50,127,850) transferred from an Unknown wallet to another Unknown wallet. Transaction ID: d7bbbcff89b15033426e32477b6e8dd2980817b3d21b8576feb40ccf8860e073
  2. 4,800 BTC ($49,122,920) transferred from an Unknown wallet to another Unknown wallet. Transaction ID: 3a7a5d9096bca98a45399508b2e2fc4ed7216ad6a5ffe2e131694fedaa70d3af
  3. 4,000,000 EOS ($15,627,586) transferred from an Unknown wallet to another Unknown wallet. Transaction ID: 2357da871068a1e40a61975d4f875f68931555b802cc9f9f50b796605b07d330

 

Crypto controversy

EA or Electronic Arts, one of the biggest video companies asked people to invest in crypto

What to expect today?

Bitcoin was bullish today despite the crash to $9,800 yesterday. It is currently trading at $10,100 and is failing to go beyond the 10,300 resistance. Will tomorrow be green or red for BTC?

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

William Botello
William Botello
William is a market research coordinator who believes that blockchain technology and cryptocurrencies can revolutionize the financial landscape. He completed his studies in Arts and Sciences from Arizona State University.

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