In the latest cryptocurrency news, we are seeing a lot of positive movements as another weekend unfolds. Currently, the crypto market cap is back over $180 billion as it approaches the previous highs for 2019, according to data from CoinMarketCap.
The big question is – are new highs on the horizon for 2019?
A lot of analysts think so when seeing the total cryptocurrency market capitalization and the major cryptos surging. Obviously, the main point for the future is the $200 billion mark which needs to be established quickly – which will be the case if the positive sentiment continues.
Over the past day, Bitcoin (BTC) has managed to climb 1.5% and contributed to the growth of the crypto market cap. The most dominant cryptocurrency is now closer to its highest price for the past 24 hours at $5,330 – in fact only a few dollars below that.
Ethereum (ETH), on the other hand, is in the coming altcoin news and part of the growing crypto market cap for its return to $175 which is a crucial level for the coin. The ETH chart looks like a mirror of the Bitcoin momentum. Ethereum managed to gain more than 5% since last weekend but the gains have been slow going.
Right now, the top ten coins are contributing to the crypto market cap with small yet important gains. The Asian trading session saw all of the top ten coins in the green, with only Binance Coin (BNB) going massive and reaching a new all-time high at $24.80
All of the signals now are that BTC will retest the 2019 high of $5,400 and many analysts sharing their thoughts on the best cryptocurrency news sites are confident that the resistance will be broken as well.
Bitcoin Cash (BCH) is also up 3.5% as it climbs above $307 – however, the rest of the market made only marginal movements over the past 24 hours. The top twenty sees minimal rises which on a wider scale, ramp up and contribute to the growing crypto market cap.
There are no big dumps occurring today. However, at the bottom of one hundred largest cryptocurrencies, Bitcoin Gold is perhaps one of the losers, dropping 3.5%. Right now, the total cryptocurrency market cap is $180.5 billion and is heading for the $181 billion mark.
Binance Removes US Resident Ban: Launching In “A Month Or Two”
“3. Prohibition of use By accessing and using the Services, you represent and warrant that you are not on any trade or economic sanctions lists, such as the UN Security Council Sanctions list, designated as a “Specially Designated National” by OFAC (Office of Foreign Assets Control of the U.S. Treasury Department) or placed on the U.S. Commerce Department’s “Denied Persons List”. Binance maintains the right to select its markets and jurisdictions to operate and may restrict or deny the Services in certain countries at its discretion.”When comparing the wording to the one uploaded in June, it is clear that Binance removes US resident ban. The previous text read that "Binance is unable to provide services to any U.S. person," - which is why the difference is obvious.
China’s Digital Fiat Currency Is Not A Real Cryptocurrency
“Since last year, the staff at the Digital Currency Research Lab have been working 996 to develop the system. We can say the CBDC is now ready to launch at one’s call," was his speech, later shared by many best cryptocurrency news sites.The CBDC with this aims to replace MO, meaning cash in circulation through a two-tier system. The central bank will issue the digital yuan only to commercial banks, who will further issue it to the public. Meanwhile the PBoC and its Digital Currency Research Lab are the ones standing behind China's digital fiat currency - along with more than 50 patent applications which are all either invented or co-invented by Yao Qian. One patent application reads:
“The emergence of digital currency is an inevitable trend. So far, privately issued digital currency bears the features of anonymity and volatility. Central banks must take their impacts on the payments, monetary systems and financial stability seriously. As such, it’s inevitable for central banks to push for digitized fiat currencies to optimize their circulation.”However, physical cash is still arguably the only form of fiat money inside China that can remain anonymous. We can see that China's digital fiat currency is not close to cryptocurrency - and the only third-party methods which are compared to bank wire can be offered by companies like Alibaba or WeChat - both requiring real-name verification authenticated by users' IDs as well as additional banking information.
“Existing M0 (banknotes and coins) are subject to counterfeit and money laundering risks. … The [CBDC] system should follow the existing rules about anti-money laundering and anti-terrorism financing imposed on cash, and should report to the PBoC on large amounts and suspicious transactions,” Mu emphasized in a speech.
Market With Mixed Signals As Ether And Bitcoin Record Minor Gains
XRP Will Defy The Altcoin Apocalypse: Ripple Chart Analysis
"Although many of the technicals like RSI, and position relative to moving averages looks like XRP is severely oversold and could bounce, traders should be cautious because the token has been falling out of favor with many crypto market participants, and there are many competing projects with similar characteristics and arguably a much better value proposition that have come to market."
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