Cryptocurrency news today 11 September
Team Cryptocoins.group presents to your attention our regular column – “the news of the cryptocurrency today”. Recall that in this column we publish news, which influence on the exchange rate of the cryptocurrency of the TOP 100 by market capitalization according to Coinmarketcap.
On Tuesday 11 September cryptocurrency market continues to decline. All of the top ten Coinmarketcap trading in positive territory, although losing most of cryptocurrency are negligible. 5.5% decrease in Cardano, more than 2% lost Ethereum, XRP, Bitcoin and Cash EOS. Other top cryptocurrency has lost less than 1%, and Monero, and all rose 0.5%.
With the decline of capitalization of most altcoins, increasing the index of superiority of bitcoin. Now the first crypto-currency accounts for more than 56% of market capitalization. Analysts attribute this fact with the fact that in the period of market instability investors prefer to keep money in familiar and familiar bitcoin than in more volatile and less liquid altonah. This, to some extent, supports the bitcoin exchange rate, which decreases much more slowly than the rest of the market.
Interestingly, the research firm SharesPost shows investor interest in further investments in the cryptocurrency. More than 2,500 investors (both private and accredited) conducted a study: 72% of respondents plan to increase the amount of funds in their criptoportico. Most investors are willing to wait for the next wave of growth for several years – approximately 2025.
Vice-President of the European Commission Valdis Dombrovskis accepts the fact that cryptocurrency is a serious phenomenon that will not disappear by itself in a few years. According to Dombrovskis, the representatives of the member countries of the European Union are working to create regulatory rules for the market of digital assets. In addition, the Vice-President noted that the ICO sees a promising way of attracting capital for start-UPS.
The cryptanalyst Kevin Hand says that the vast majority of cryptocurrencies are “dead”. In his statement, he is based on the results of the research aggregator OnChainFx. It shows that of all currently existing cryptocurrencies, only 27 have more than 400 active addresses. It should be clarified that the active addresses are wallets through which in recent days has carried out the transaction. In addition, the study OnChainFx does not take into account a number of major cryptocurrencies like Ripple. Due to these factors, many experts considered the study invalid, and the conclusions based on the results.
Bitcoin is often called “digital gold”. But recently, a Twitter user, Nunia Bisnis has provided their own study, which showed a strong correlation graph of bitcoin exchange rate from 2013 until the beginning of 2018, and gold from 1976 to the present. Unfortunately, these graphs cannot be used to predict the bitcoin exchange rate, the more that comparisons are taken in different time intervals.
On 10 September launched a new Protocol for the blockchain-platform Waves. If the new version will be adopted by the majority of miners, in the course of the week are activated smart contracts, and developers to create decentralized apps on the new SOFTWARE. Amid the release, the course of bitcoin Waves grew 15% and the digital asset climbed into the TOP 40 Coinmarketcap.
Team IOTA Foundation continues to partner with the world’s largest corporations. IOTA already previously worked with Bosch, Volkswagen and Motorola, now the parties decided to expand cooperation. For example, Bosch plans to use technology IOTA in the development of sensors of new generation, but Volkswagen uses cryptostroma in their cars.
Company R3 and Ripple announced the termination of the judicial proceedings. All disputes between the parties were resolved, and now the Ripple can concentrate on lawsuits from disgruntled investors led by Ryan Coffey, accusing the company of manipulating the exchange rate of XRP.
One of the largest stock exchanges in the world Nasdaq has developed a web analysis service courses cryptocurrency. The tool will help institutional investors to predict the price movements of the cryptocurrency market. The service is built on the analysis of large amounts of data collected from various social networks as well as on the mechanisms of machine learning. However, the leadership of Nasdaq is in no hurry to announce the launch of cryptocurrency tools, limiting evasive comment about a restrained interest in this area.
China has detained the head of the crypto currency exchange OKEx Old Xu. Police arrested kryptoperidinium of investor complaints for the company WFEE, to which the Old Xu is also relevant. Chapter OKEx not been charged with, the detention was carried out solely for the purpose of interrogation.
Stay tuned not to miss any important event from the world of cryptocurrency!