Cryptocurrency news today 22 Sep
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 Saturday, the cryptocurrency market is experiencing a pullback after Friday’s explosive growth. However, even in recent days the air could grow by nearly 5% and the litecoin – 1.5%. Other cryptocurrencies in the Coinmarketcap top ten record minus: lost Stellar (-8,5%), followed by Cardano and yesterday’s growth leader XRP, decreasing by 6%.
Cryptocurrency analyst John Block published an article in which he criticized the attitude of bitcoin as a means of savings. According to Block, many “experts” were recommending to use bitcoin as a safe-haven currency only because it became unsuitable as means of payment. However, the Unit believes that the ineffectiveness of BTC as a payment means does not make it a valuable investment asset. Gold has value, and “digital gold” – there, says cryptoexpert. And he does not see anything critical that bitcoin loses relevance. Thanks to him appeared cryptocurrency that offer quick and cheap transaction which is already available for all parameters to compete with Visa and MasterCard.
Conducted by company Crypto Inferno of the crypto community survey showed that most members expect the growth rate of bitcoin to the end of the year. According to 29.5% of the respondents at the end of 2018 bitcoin exchange rate will fluctuate around 8000-10000 dollars. 18,9% of respondents are more optimistic: they believe that bitcoin will rise to $10 000-$12 000. 13,5% users believe that the course of the first cryptocurrencies will not change significantly, and even as many predict a fall of up to 3000 dollars.
Trader and analyst Tone Weiss believes that the most popular stablon Tether will soon disappear from the stock market. He believes that the USDT as other stabilini – it’s the same Fiat currency with its disadvantages. Weiss believes that the Tether could be in trouble regardless of, provided he is a real dollar or not. If the provision exists, the government may at any time confiscate the capital of the parent company under the pretext of combating illegal financial activities. If security is not, then the rate can fall sharply as soon as the creators of the Tether will not be able to provide sufficient demand. Weiss also commented on the situation with a bitcoin ETF, suggesting that the SEC is likely to take a positive decision within two years.
And at the portal ScienceDirect, a study was published, which refutes the statement that using cryptocurrency can Tether to manipulate the exchange rate of bitcoin. Author Wang Chun Wei has identified the only thing on his mind, the relationship of bitcoin and USDT: the overall weight of the Tether is increased when the rate of bitcoin is on a decline. And the next day after the issue increase in trading volumes on the stock market as a whole. But to confirm or deny podkreplennost USDT titanim dollars author of the study failed.
Brian Bishop from Bitcoin Core, the former head of Morgan Stanley Calling long and a few well-known in financial circles of individuals wrote an official letter to the SEC. In it they warned the Commission about a number of nuances related to the launch operator of the new York stock exchange platform for digital assets Bakkt. According to experts, the SEC should make allowances for the fact that cryptocurrencies differ from traditional financial assets. Some of the rules, the management of traditional assets, such as the requirement to hold all client funds in one account do not apply to cryptocurrencies. Experts called on the SEC commissioners to shape new rules for the new category of assets, rather than trying to “cram” them into the existing framework.
The Binance crypto currency exchange has announced the launch of a rating platform Info 2.0, which will be used to collect information about the popular blockchain projects. For an estimation of perspectivity of the project the platform will be based on data from more than 50 agencies and the media.
A Waves has announced the launch of a decentralized trading platforms for security-tokens. Bidding on a new crypto currency exchange will start towards the end of the year.
Stay tuned not to miss any important event from the world of cryptocurrency!