Cryptocurrency news today 3 October
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.
Wednesday 3 October the downtrend on the stock market increased. All of the top ten Coinmarketcap is still trading in the red zone, and losing some cryptocurrency has worsened. 6,5% a day lost XRP, 5,5% – Stellar. 4.5% decrease in litecoin, 4% ether. The smallest loss of Monero – a cryptocurrency trading almost to zero. The rest of the top coins fell by 1-3%.
The Wall Street Journal, the journalists who last week “exposed” laundering of money through cryptocurrency services, has put forward a new conspiracy theory. They are, citing some experts, argue that the price of the cryptocurrency market set trading robots. This is possible due to the lack of proper regulation of the market and this is why the SEC is in no hurry to encourage the launch of a bitcoin ETF and open the doors to the stock market for institutional investors.
One of the leaders of Virgil Capital Stephen Keane confirms the theory of the Wall Street Journal, claiming that one of these bots, manipulators brought the company significant losses in a number of transactions with ether. Virgil Capital even had to create their own bot to counter hostile program. And the trader Kjetil Ahlersten even created his own software Quatloo Trader for market speculation. However, the existence of advanced trading robots and has not previously been a mystery, but their ability to manipulate the price with billions of dollars of trading volume raises some doubts.
The head of the CFTC’s Christopher Giancarlo, speaking on CNBC, said he did not doubt the prospects of bitcoin and kriptonyte. He noted that he understands the irrelevance of some of the laws regulations that apply to the stock market. Laws that remain unchanged from the 30-ies of the last century, we need to change and adapt to contemporary reality, says Giancarlo. He also noted that the cryptocurrency technology could bring many useful innovative ideas in many areas of the economy, but to displace Fiat currency to the digital assets most likely will not succeed.
The head of the Ripple brad Garlinghouse not miss the opportunity to comment on the recent successes of the company and its cryptocurrencies. Despite the fact that XRP is reduced by 6-7% for the second day in a row, previously cryptocurrency managed to grow more than doubled on the news about the product launch xRapid and the beginning of cooperation with a number of new corporate partners. At the conference Swell in San Francisco Arlinghaus once again compared the cryptocurrency a bitcoin, noting that the transaction XRP 1000 times faster and cheaper. Despite the fact that the control volume of coins XRP is controlled by Ripple, Arlinghaus said that his cryptocurrency is more decentralized than bitcoin.
The average annual volatility of bitcoin continues to decline. Analysts Teas Naval and Kevin Lu admit that the absence of sharp fluctuations of the main cryptocurrency testifies to greater transparency in the formation of supply and demand. The majority of investors as if waiting, not daring to make the first move. There is, however, of the opinion that the trade of bitcoin in large amounts is out of the market, the results of the transactions are not recorded anywhere and do not affect the official rate.
The Agency Bloomberg reported that, in connection with the problems of Noble Bank, the Tether is actively engaged in the search for a new Bank to service Fiat accounts. Data from Puerto Rico indirectly confirmed the fact of transfer of money from Noble. In the current quarter the volume of deposits on Bank accounts of companies in the category Tether fell more than 18%.
The representatives of the NEO announced the launch of a new token CNEO and CGAS, which are the upgraded version of the classic NEO and GAS. These tokens were launched to improve the functionality of the ecosystem, in addition, a blockchain platform has been updated to version NEO-CLI 2.9.0. Standard tokens can be exchanged for CNEO and CGAS in the ratio 1:1.
Company Coinbase is at the final stage of negotiations on raising an additional $500 million in funding. After that, the largest cryptocurrency company in the U.S. is estimated at $ 8 billion. The company remains profitable, despite the fact that in 2018 the cryptocurrency market has declined more than 50%.
According to research of experts of the portal ICO Rating, more than half of cryptocurrency exchanges are experiencing problems with security. The main problem is the trading platform allows users to make too easy passwords (e.g., comprise less than 8 characters or consisting only of letters). In addition, every twentieth crypto currency exchange allows you to create accounts even without the confirmation e-mail, and on each thirtieth is no possibility to connect two-factor authentication. The experts also ranked the most secure cripture: the first place it took Coinbase Pro, followed by Kraken and BitMEX.
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