Tag: Cryptocurrencies Market

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Crypto

EOS (EOS) Registers Increasing Gains – EOS Is Going To The Moon

The outstanding development of EOS (EOS), the 5th most important cryptocurrency on the market now, will intensify over the weekend as it outshines the two-digit gains of 24.39% in relation to the USD. On the past week, there is only the TRON (TRX) that was able to move nearer EOS with an increase of about 64%.

EOS/USD exceeded its historical maximum

The EOS/USD rose above its historical maximum of $18.50. The EOS market cap gained 300% during April, increasing from $4 billion on April 1st to about $12 billion on April 27th.

It has been a decisive month for the crypto token, which has the goal of decentralizing the cryptocurrency exchanges and facilitating a more user-friendly cryptocurrency trading.

Correspondingly, new events will be following, which might push up rates in the exact same manner as it’s happening as we speak.

EOS (EOS) price

At the moment of this article, EOS cryptocurrency is trading at $20.30 as it gained 7.20% in the last 24 hours.

A long-term prediction says that EOS coin will reach about $44 by the end of 2018. An even longer forecast predicts that EOS will be trading at $107 by the end of 2023. However, the cryptocurrencies market is a highly volatile one, so these values are just based on the current development of the coin.

Good news surrounds EOS

The good news surrounding EOS (EOS) kicked off on April 6th when EOS.io reported a partnership with Michael Cao and Winnie Liu for regarding a $200 million mutual equity. EOS Global will be focusing on strengthening EOS’s position in Asia through the EOS.io portal.

An additional $100 million collaborative project with FinLab AG followed in the same direction. If you combine robust and trust-building crypto forecasts, overtaking cemented holdings like Bitcoin Cash can’t be a long process.

In conclusion, EOS (ESO) is one of the cryptos which has taken the cryptocurrencies market by storm, recording massive gains in the last period, especially during April when the token pushed up to the 5th place on the market, by market cap.

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Crypto Markets

Cryptocurrencies Market Might Have A Free Future In Chile, As The Minister Of Economy Expressed Desire To Work With Blockchain Technology

Chile’s Minister of Economy, Development, And Tourism, Jose Ramon Valente, declared that it is necessary to give the cryptocurrencies market a chance because, in his opinion, the country cannot remain outside blockchain technology.

During the presentation of the new executive vice-president of the Production Development Corporation, Valente stated that cryptocurrencies could be considered as “the economy of the future”. For this reason, he says, the Chilean government does not want to be left out of this innovation.

With this idea in his mind, the minister urged the country’s economic actors not to “artificially hinder” the crypto ecosystem, since its success or failure must be related solely to its functioning.

What we are interested in is basically giving them the opportunity, because they are an important innovation that is happening all over the world […] if we give them a chance and they fail, well, they will fail as many good ideas that are left in the way fail.

Jose Ramon Valente, Minister of Economy, Development, And Tourism of Chile

Cryptocurrencies market in Chile will not face regulations, as the country is still accepting original blockchain technology

However, Valente assured that the Ministry “is not for or against cryptocurrencies market”. The concern is that Chile may be closing in on the technological advances occurring in the rest of the world, namely, the blockchain technology.

These statements come after weeks of tension over the legal dispute between Chilean cryptocurrency exchange houses and banks, as these entities refuse to provide commercial services to the exchange platforms.

A few days ago, the Tribunal for the Defense of Free Competition of Chile ordered 9 banks to reopen the accounts of the cryptocurrencies exchange houses.

The position of the Ministry of Economy could calm down the reprisals against Chile’s Bitcoin (BTC) ecosystem. However, there is still a long way to go to resolve the legal situation of the cryptocurrencies market in Chile, as there is no law for the cryptocurrencies regulation of crypto exchange.

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Crypto

Cryptocurrencies Market: Bitcoin (BTC) Futures Trading Reached Historical Highs

Bitcoin and dollar. BTC market symbol cryptocurrency rising above the united states dollar. Gold metal bitcoin on top of paper currency. Copy space for text and wording.

Bitcoin (BTC) is experiencing a good run in the institutional markets, an event that has been represented in the data of the futures trading platforms led by the Chicago Board Options Exchange and the CME investment group. According to statistics published by the Chicago Board Options Exchange (CBOE), on Wednesday, the BTC trading volume exceeded 3 times the daily average of this platform of agreements for future purchases of Bitcoin (BTC), better known as XBT Bitcoin Futures. Is could benefit the entire cryptocurrencies market.

In this way, the market reached its highest volume in the last five months since the CBOE activated the platform last December 2017, the first Bitcoin futures market in the United States.

Kevin Davitt, CBOE’s lead instructor, noted that the platform’s average daily volume is 6,600 quoted futures contracts per day, an average that was constant throughout the week with 3,881 quotes on Monday, rising to 6,653 on Tuesday and 5,634 quoted B TC contracts on Thursday.

Bitcoin (BTC) is becoming interesting for stock exchange markets, improving the cryptocurrencies market, as a whole

In addition, this Wednesday they reported a total of 19,000 traded Bitcoin futures contracts, trading 18,210 futures for May, some 703 for June, and 87 for July.

Davitt says that Wednesday’s volumes are not related to the expiration of contracts, so the platform will verify whether this is an aberration in market volumes or whether there has been a positive increase in Bitcoin (BTC) institutional market.

No doubt, we will be watching to see if this is a volume aberration or if more and more institutional types are moving into cryptomoney. Overall bullish sentiment continues on XBT Bitcoin Futures.

Kevin Davitt, Lead Instructor, CBOE

On the other hand, the CME Group also presented an increase in operations on Wednesday, doubling its contract volume to 11,000 BTC future operations in one day. A figure that confirmed the interest of institutional investors in cryptocurrencies market.

The international stock markets have begun to consider the possibility of incorporating Bitcoin (BTC) into their marketing platforms, highlighting the projects of the Tokyo Stock Exchange, the Bank of Switzerland, and the Ukrainian Stock Exchange. All these initiatives make cryptocurrencies markets penetrate into the traditional finances and become another common asset for institutional and individual investors.

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Crypto

Ripple (XRP), Bitcoin (BTC), And Ethereum (ETH) – How The Cryptocurrencies Market Looks Today?

The cryptocurrencies are trading mixed this Thursday, with Bitcoin (BTC) remaining at its lowest value against the USD in the last 3 days, Ripple (XRP) showing a slight recovery, along with the Ethereum (ETH).

Bitcoin (BTC) still at around its lowest value in the last 3 days

The Bitcoin is trading at $8,916, dropping by 0.71% in the last 24 hours.

The Chicago Board Options Exchange wants to reduce the increases on its futures contracts, according to a letter to the Commodity Futures Trading Commission. The decision would reduce the increases from 10 to 5 points, with a point equal to $1. Futures contracts were launched in December 2017, when Bitcoin stood at a record high of $20,000.

Among other news, Nasdaq announced yesterday the intention to launch its own cryptocurrency exchange in the future, as the regulatory environment evolves in the cryptocurrencies market.

Ripple (XRP) slightly recovering

The Ripple (XRP), the 3rd crypto coin in the market by market cap, marked a slim appreciation by 0.87% reaching to $0.82, at the moment of this article.

Massive sell orders made Ripple (XRP) lose its support and remained below the $0.85 level. Most probably it will struggle to jump back to around $0.90 in the upcoming days.

Ethereum (ETH) scores a small increase, despite the recent negative news

The 2nd crypto coin on the market by market cap, the Ethereum (ETH), gained about 2%, at the moment of this writing, reaching to $636.78, despite the recent MyEtherWallet hack.

Besides, Parity Technologies stated today that they will not alter the Ethereum (ETH) blockchain by changing the EIP-999 code to recover the $264 million lost due to a coding error in the wallets, back in November 2017.

“We have worked hard to contribute to the development of the Ethereum ecosystem. We’re not going to damage it. We find the right solutions through collaboration,” wrote the company’s representative on Twitter.

In conclusion, the cryptocurrencies market is not doing well since yesterday, mixed tradings being registered, with crypto coins scoring gains, such as Ripple (XRP) and Ethereum (ETH), while others scoring losses, the best example being Bitcoin (BTC) which today hit its lowest in the last 3 days.

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Crypto Markets News

Nasdaq Is Up To Becoming A Cryptocurrency Exchange, According To Its CEO

As the cryptocurrencies market is maturing, more and more important institutions and investors are attracted by crypto assets. Now, it’s the turn of Nasdaq to draw attention, as its CEO, Adena Friedman, admitted for CNBC that Nasdaq is open to becoming a cryptocurrency exchange.

During the today’s CNBC’s talk-show, Squawk Box, Adena Friedman declared that “certainly Nasdaq would consider becoming a crypto exchange over time” but also admitted that a more regulated cryptocurrencies market is necessary to bring in more investors.

Cryptocurrencies market are seen as the next normal step towards cryptocurrencies market complete maturation

As Adena Friedman said that cryptos need well-established regulations, so did other leaders of important trading companies, financial institutions, and central banks. Accordingly, many financial leaders consider that cryptocurrencies regulations are meant to improve the crypto market and bring more stability, facts which might bring more investors.

Besides, regulating cryptos will bring financial institutions and governments in a position of a slight control over this market, a fact that thrills them but which makes the crypto traders and holders from within the cryptocurrencies market fear the possible collapse of the crypto coins values against fiat currencies.

Until Nasdaq will become a cryptocurrency exchange itself, it supports the existing ones

“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,” said Adena Friedman.

Today, Nasdaq has stated that it started a collaboration with the cryptocurrency exchange Gemini, owned by Winklevosses twins, which grants Gemini access surveillance technology of Nasdaq in order to make sure they provide reliable and well-regulated exchange platform.

Adena Friedman also explained that with ICOs, the situation is not as easy as it is in the case of cryptocurrencies market. She said that “ICOs need to be regulated and the SEC is right that those are securities and need to be regulated as such.”

In short, it would be a significant gain for the whole cryptocurrencies market if, indeed, Nasdaq would become a cryptocurrency exchange. However, the Nasdaq’s CEO speech on CNBC represents a very positive news for the crypto market, which has proven, once again, that will be a future reliable and stable market.

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