Half of the 100 coins are slightly up over the past 24 hours, while most of the other altcoins are seeing a mix of red and green in the latest cryptocurrency news. According to our team of experts, the current crypto expert analysis is that the market is relatively stable despite these (mixed) signals – and that Bitcoin is solidly rising.
The daily trade volume has declined, seeing a relatively sharp drop from around $15 billion yesterday to a $13.8 billion as it is at press time.
Bitcoin has been hovering around the $6,600 mark for most of the day. It is currently trading at $6,617 with a new 0.21% increase, while Ethereum, Ripple and Bitcoin Cash are all seeing red, with XRP seeing the biggest one (2.59%) and now trading at $0.584.
The total market cap has slightly increased, currently at $223 billion and up about $2 billion since the same time yesterday. The altcoin NEM (XEM), which is currently the 17th largest cryptocurrency, is now closer to the $0.1 mark, trading at $0.097 with a new 2.3% increase.
Even though the crypto prices remain fairly volatile and without a clear trend, one group of lawmakers from the US Congress recently addressed the Securities and Exchange Commission (SEC) and asked them to provide more regulatory clarity for the crypto industry. They further asked the SEC Chairman Jay Clayton to provide criteria for identifying digital tokens as securities – a decision that analysts expect to be a potential surge in the crypto markets.
Line Messenger And Its Plans To Launch An Exchange For 80 Million Users
"LINE has built its reputation on providing a great social experience for our users, and now we intend to bring that know-how to the world of digital tokens with our BITBOX exchange. With BITBOX, we intend to have an exchange that is easier to use, while also ensuring we provide extremely strong levels of security."As he also mentioned, BitMax will use the exact same technology that is used in BITBOX. His statement made the latest cryptocurrency news now that Line is expected to obtain a license and operate BitMax in Japan in the near term. The launch of a crypto exchange by Line Messenger, which is a major tech giant in Japan, definitely restores a lot of confidence - especially by local investors and users following the high profile security breaches and the names associated with them (Coincheck and Zaif). Native exchanges may definitely be the future of a new crypto revolution - and Line Messenger could definitely be pioneering it.
Amazon Pay VP Shows That There Are No Current Plans For Crypto
“It’s fresh, it’s speculative; at Amazon, we don’t really deal with the speculative, in the now,” the Amazon Pay VP said.Facebook continues to cause a stir in cryptocurrency, financial and government circles after the first publicity material around Libra went live. Billed as a network that is designed to allow users to send money like messages or pictures on social media, this scheme has attracted a lot of talks because of its technical setup and roadmap. Some lawmakers have already gone as far as to request the company halt development altogether. The altcoin news also show that there is a potential alternative to fiat money and central banks. Many commentators have suggested that some governments such as Russia, will seek to block Facebook and any other product supporting Libra. As of recently, the United States Senate Banking Committee revealed that it will hold a dedicated hearing on the cryptocurrency next month, as we reported in our coming altcoin news. As the Amazon Pay VP noted, the company has so far steered clear of many cryptocurrency implementation despite the various rumors in recent years. Depending on the future evolvement of the space, the retail giant may reconsidered the Libra-style crypto option in the mid to long run. The cryptocurrency community honestly hopes that this will be the case - mostly because everyone expects a decent rival to Facebook with its cryptocurrency project.
“At Amazon, we deal with data a lot, so I’ll be happy to have that conversation two or three years from now,” Gaulthier finalized, delaying the topic about cryptocurrencies once again.
Altcoins Suffer And Remain Sideways, Bitcoin Goes Higher
Libra Testnet Peeks At The Crypto Future That Facebook Is Building
“Libra is built on a secure, scalable, and reliable blockchain. It is backed by a reserve of assets designed to give it intrinsic value and is governed by the independent Libra Association tasked with evolving the ecosystem.”With this, developers will be able to write programs in the Move language which can run on the Libra blockchain. As the Libra testnet also notes, anything that you can imagine would be possible - from opening a savings account to opening a merchant account to maybe even some kind of lottery system, the latest cryptocurrency news show. It is evident that Facebook plans to build an economy outside of the regular government view - and a digital currency which could open many doors around the world. From another perspective, it is definitely not absurd for governments to consider the Libra testnet and accept the coin for certain services. As the Libra whitepaper shows:
“For too many, parts of the financial system look like telecommunication networks pre-internet. Twenty years ago, the average price to send a text message in Europe was 16 cents per message.3 Now everyone with a smartphone can communicate across the world for free with a basic data plan. Back then, telecommunications prices were high but uniform; whereas today, access to financial services is limited or restricted for those who need it most — those impacted by cost, reliability, and the ability to seamlessly send money.”The big question that everyone has is the following... Are we on the verge of a new era of peer-to-peer commerce?
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- Italian Banking Association (ABI) To Deploy Blockchain For Reconciliations
- Line Messenger And Its Plans To Launch An Exchange For 80 Million Users
- Amazon Pay VP Shows That There Are No Current Plans For Crypto
- Altcoins Suffer And Remain Sideways, Bitcoin Goes Higher
- US Congresswoman Wants Facebook To Pause Its Crypto Plans
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