You could ignore this: drop in trading volume and the rise of the stock market
Cryptocurrency Litecoin are now available on the official website, according to the head of the exchange BitMEX, bitcoin price could fall to $2000, the Chinese authorities will introduce a ban associated with a digital money, and other news last weekend
For the last three days in the cryptocurrency market have been several events that have seriously affected the situation in the industry, chief among them — in our traditional review. Most of the digital money went up in November, and the capitalization of the industry increased to $215 billion.
China will impose a ban on airdrop
The people’s Bank of China (PBoC) is planning to tighten the rules for the propagation of tokens through airdrops. Representatives of the Department said that the way entrepreneurs continue to ICO, which is banned in the country from September 2017.
Taiwan’s government began to deal with anonymous transactions
In the laws of Taiwan has introduced amendments to deal with anonymous cryptocurrency transactions. The financial supervision Commission of the country was authorized to collect from the platform to trade digital money data which they receive during the procedure KYC.
Now the local exchanges are required to verify the accounts of their clients. Also, the company should inform the government about all anonymous operations.
AMD will introduce eight new devices for mining
AMD together with companies Sapphire, ASROCK, ASUS, MSI, Biostar, TUL and Rajintek will release eight devices for the production of bitcoin and other digital money. At the moment the price of new equipment is unknown, but it should increase the profit from mining on graphics cards.
Dash has launched a new service to send cryptocurrency via SMS
At the weekend the price of cryptocurrency Dash grew more than 5%, reaching $168. On Tuesday, November 6, it is trading at the same level. The cost Aldona increased after the company announced the launch of a new service, a Text Dash in Venezuela, which allows you to send tokens with SMS messages.
Local users can start to transmit the digital money after they send the word “Dash” to the short number. After this you will have to send another message to create the electronic purse.
Bitfinex added token DigiByte
Major cryptocurrency exchange Bitfinex announced the addition of the DigiByte cryptocurrency. Trade Aldona in pairs with bitcoin and us dollar available on the platform.
Arthur Hayes, BitMEX: Bitcoin could fall to $2000
The head of platform to trade digital money BitMEX, Arthur Hayes stated that the cost of bitcoin could fall to $2000. The expert added that the price of the first crypto-currencies will decrease due to its low volatility.
“For wider adoption of the bitcoin guns. It shows the world that something is happening, and no matter good things or bad,” wrote Hayes.
Trading volumes on cryptomeria fell again
In October the trading volumes of the exchange Binance decreased by 32% in comparison with indicators of September: up to $22.7 billion. Platform OKEx, Huobi and Bitfinex have lost almost 50% of the volume.
The least recently suffered site Bibox and KuCoin, they lost 3% of trading volume. Platform Poloniex lost 56%, Pro Coinbase, Kraken and Bittrex — from 27% to 44%.
The website Litecoin added the function of direct purchase of crypto-currencies
The developers of Litecoin have integrated the function of purchasing it in the official website. Now using the service can be purchased althin in the amount of $50 to $20,000 by using a credit card. According to the company, the whole procedure takes no more than five minutes, and the transfer of funds takes place within 24 hours after carrying out all necessary checks.
Santiment: the stock market has already started to grow
Analytics platform Santiment reported that the market of digital money has started to go up, but many users still did not notice. According to experts, the tokens of the standard ERC-20 broke the connection with Ethereum and rose, despite low volatility, the second by market capitalization crypto-currencies. This may indicate the beginning of a new rise of the blockchain industry, experts say.