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The Problem with Fidelity’s Crypto Trading Platform

October 16, 2018

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Crypto Market Update (11 March 2019)

March 11, 2019

 

General Market Outlook

 

The market slowly climbed over the weekend, but has since begun a downtrend. There is little consistency among coins in positive or negative growth, and trading volume has remained high, trending between $30 billion and $32 billion in 24 hours. Revain (R), KuKoin Shares and Qubitica (QBIT) are the major stand outs of the top 100 coins by market cap - up over 20%, 11% and 11% respectively in the past 24 hours. The value of Bitcoin (BTC) is trending just below $3,900 for -1.0% and a total market dominance of 51.6%, and the value of Ethereum (ETH) is just over $130 for -2.5?% change in the past 24 hours. Market cap for the overall cryptocurrency market is trending just below its position on friday, dropping $1 billion in the past 24 hours to $133 billion total.

 

 

Major Headlines

 

eToro Expands Services

 

One of the more novel approaches to a cryptocurrency trading platform is highlighted by eToro. Their “social investing” platform allows users to copy other users’ trades precisely. The company was formed in Israel in 2017 as a multi asset brokerage company that has gained registered offices in Cyprus, Israel and the United Kingdom - with now expanded service to 32 to U.S. states. The company has plans to expand to the entire country within 12 months. The platform allows social networking as well, where users are invited to collaborate with each other to make more informed decisions on their buying and selling options. The eToro multi-signature crypto wallet in the U.S. supports bitcoin (BTC), bitcoin cash (BCH), ether (ETH), litecoin (LTC), XRP and Stellar (XLM), but the company plans to expand these offerings as well. 

 

ConsenSys Invests In Privacy Coin

 

Privacy coins gained a great deal of attention in the past years, because of their ability to produce anonymous transactions. Many argue that this is a problem with cryptocurrencies, that it will increase illicit monetary transactions. Little data has surfaced to show that it has increased or decreased illegal transactions. Monero and Zcash have remained the most popular, but now ConsenSys is taking an opportunity to invest in Ligero. The Philippines based company is using zero-knowledge proof technology similar to that of Zcash. “We continue to see privacy and the accessibility of exchanges to be two of the major pain-points for broader adoption of digital assets and blockchain technology. Both of these companies are taking unique approaches to solving these problems.” - Kavita Gupta, founder of ConsenSys Ventures

 

Most UK Consumers Confused By Cryptocurrencies

 

The Financial Conduct Authority of the UK released the results of a survey about cryptocurrency recently. The most notable result is that 73% cannot define what a cryptocurrency is, and only 3% had ever purchased a cryptocurrency. This includes those who answered that they knew what one was. For individuals who were able to define a cryptocurrency, it was males aged between 20 and 44. The survey was conducted through a pool of 2,132 British consumers in association with London-based market research firm Kantar TNS. “Despite this lack of understanding, the cryptoasset owners interviewed were often looking for ways to ‘get rich quick’, citing friends, acquaintances and social media influencers as key motivations for buying cryptoassets,” the FCA said.

 

 

Top 5 Gainers

 

Groestllcoin (GRS) +70.04% at $0.427090

Qbao (QBT) +43.46% at $0.023512

Hdac (HDAC) +40.79% at $0.065737

Huboi Pool Token (HPT) +39.42% at $0.005761

WeShow Token (WET) +31.39% at $0.013035

 

 

Top 5 Losers

 

Happycoin (HPC) -59.14% at $0.092484

WeToken (WT) -42.87% at $0.000908

HedgeTrade (HEDG) -37.99% at $0.194476

Centrality (CENNZ) -32.46% at $0.013699

Aergo (AEAGO) -31.74% at $0.106915

 

 

New Coins Listed

 

Tether (USDT) listed to Bitfinex

PIVX (PIVX) listed to OnePageX

EthereumX (ETX) listed to ECEX

 

 

 

By: BGN Editorial Staff

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