Course summary week 15 — 22 October: Tether and Stellar – troublemakers
Strieltsova Course overview for the week 15 — 22 October: Tether (USDT) forgot that he stablein, and Stellar (XLM) pleased with the technological news.
Largest by capitalization of cryptomonad 15 – 22 Oct 2018
The price 15.10.2018 09:20 UTC+3, $
The price 22.10.2018 09:05 UTC+3, $
Change within the week
The third week of October 2918 year began with a scandal: on the morning of Monday 15 Oct Tether fell to 0,925$. At the same time on the Korean and Chinese markets there was feverish buying amount of cryptocoins grows faster all highly liquid BTC. Clearly these swings were seen on the stock exchange Bitfinex, which is affiliated with the Tether team: there BTC as opposed USDT soared to $7700. On any other exchange, such a sharp shot was not observed, although Bitcoin and tried to break through the resistance level of $7000.
By Tuesday the rush verse. Tether returned to $0.97 for the coin, and the market is in a sideways trend, albeit at a fairly high speed.
On Thursday there’s a new troublemaker – Stellar. Rumor has it that a rally of this coin there are just three good reasons. First, rumor has it that exchange Coinbase’s going to add Stellar to the list of traded cryptocurrencies.
Secondly, they say that platform Fidelity is planning to use the blockchain XLM (Stellar Lumens) for transactions with the digital asset. Fidelity is a newly created institutional investment platform for the amount of cryptocoins Bitcoin and Ethereum. The emergence and launch of this platform captainvalor think one of the factors that can trigger the long-awaited strong rebound on the stock market until the end of 2018.
And finally, third: launched in Sydney (Australia) October 22 Sibos conference scheduled to premiere payment system on the blockchain Stellar, developed by IBM. We wrote about this earlier. So rally XLM may well continue.
Other popular coins remain sideways with low trading revs. And, by the way, no sensible investigation regarding the collapse of the Tether is still not published. Although stabilin is the second speed cryptomonas and its high liquidity plus volatility is able to drink a good amount of blood to the investors.
Markets await decisions from the securities Commission of the United States, whose consideration is a new pack of applications to open ETF-funds. Closer to 5 November is one of the deadlines for consideration of the next group of applications — I hope that will start leaks that will cause the market to move.
But with the news from the FATF, which was back in September to publish the framework document about coordinated policy AML/KYC (anti-money laundering and “know your customer”), it’s vague. The deadline for issuing a policy paper again officially perenesli. “By June 2019, we will publish a standard for combating money laundering to cryptorhynchus and instructions for its use,” said 19 October 2018 the President of the FATF, Marshall Billingsley.
So the big positive news on the horizon. What else is needed to continue the sluggish side trend?