Cryptocurrency Market Review 02.03.2018

Bitcoin has been trading around the $11,000 mark all day. The cryptocurrency overcame the psychological barrier at night, for the first time in several days, but could not hold onto it for long and rolled back.

Japan’s 16 crypto exchanges to establish self-regulatory body. Japan’s 16 government-registered cryptocurrency exchanges will set up a self-regulatory body this spring to bolster trust in an industry, Reuters reported. The organization’s name and the exact date for registration with government are undecided.

Newsagents in Australia now offer cryptocurrency buying service. Australians can now purchase Bitcoin and Ethereum in-store from more than 1,200 newsagents around the country. The service is being provided by cryptocurrency exchange bitcoin.com.au.

Maduro says Petro has raised $3bn from investors in 127 nations Venezuela claims Petro cryptocurrency has raised $3bn 171,015 Certified Purchases from 171,015 certified purchases from investors in 127 countries. Speaking on State TV, Venezuelan President Nicolas Maduro said 40.8 percent of the offers were placed in US dollars, 33.8 percent in Bitcoins, 18.4 percent in Ethereum, 6.5 percent in Euros and 0.2 in Yuans.

Uber co-founder planning new cryptocurrency Eco. Uber co-founder Garrett Camp has revealed plans to launch his own virtual currency called Eco. No ICO will be held to raise money for the project. Instead, the trillion units of the Eco cryptocurrency will be distributed to people for free through its website, as well as to the universities chosen to support the network.

Stolen Coincheck cryptocurrency traced to Canada. Some of the funds stolen from Coincheck Inc. in the $500 million heist have been traced to a cryptocurrency exchange in Canada, according researcher BIG Blockchain Intelligence Group Inc. (BIG). BIG used a combination of public ledger information available to anyone and proprietary knowhow to trace the coins.

For the full list of ongoing ICOs click here.