Nasdaq Dives Into Crypto Trading Q2 2019?
The secret meeting between crypto business representatives and NASDAQ which took place a month ago continues to stir minds of the community. Some of the latest and freshest gossip — NASDAQ expects to be the first major exchange to join the full-fledged trade of cryptocurrencies. And Winklevoss brothers who never stopped their attempts to go on the regulatory arena will help NASDAQ in achieving this.
WHY IS IT IMPORTANT?
- NASDAQ is one of the first large exchanges that has become interested in cryptocurrency derivatives and has embodied their curiosity in specific exchange products. Two weeks ago Exchange notes (ETN) for bitcoin available for purchase in dollars were presented by Nasdaq Stockholm. At Nasdaq Stockholm, ETNs for bitcoin were launched in 2015, but previously they were only available in euros and Swedish kronas.
- The ICE stock exchange conglomerate officially announced the opening of its own platform for digital assets Bakkt, which will begin its work in November 2018. It is planned that at the initial stage customers will be offered one-day contracts for the bitcoin supply with physical storage, which the US Commodity Futures Trading Commission should approve.
- Now that the situation with Chicago Board Options Exchange (CBOE) bitcoin-ETF applications remains a relatively open topic even after its rejection by the US SEC, the competition among traditional exchanges for the second place in the race forces events. And a semi-secret meeting with representatives of the crypto industry such as the leadership of Gemini to discuss opening the trading in cryptocurrencies fits this scenario perfectly.
Bitcoin, Ethereum, LTC Now Trading on Yahoo Finance
Yahoo! Finance platform announced an integration of buying and selling option for three cryptocurrencies: Bitcoin, Ethereum and Litecoin. Users of the Yahoo! Finance platform will be able to buy and sell the above cryptocurrencies using the most popular trading platforms, including Coinbase and Robinhood.
WHY IS IT IMPORTANT?
- Yahoo! Finance is a popular economic portal where one can also purchase traditional financial assets. The ability to buy cryptocurrency through the application will help retain the audience and attract new users, for whom it will be easier to track rates and perform operations on the same platform.
- Perhaps in the future, the service might add functionality to perform transactions with Bitcoin Cash, Ethereum Classic and EOS. Yahoo Finance regularly updates information on the rates of these cryptocurrencies.
Dash Community Demands Resignation of CEO
The CEO of Dash, Ryan Taylor, got under the avalanche of the recent collapse of cryptocurrencies. Turns out some members of the community are very unhappy with him, demanding his resignation. The proposal to dismiss Taylor from the position of general director came from the user under the nickname "SavingPrivateDash". He claims that Taylor should be transferred to an advisory position. According to him, Ryan Taylor destroyed the market confidence in Dash, repeatedly violating promises. He also stressed that the general director did not fulfill the promises made to them in 2016, despite the millions of dollars available to him. It should be noted that the community did not support the SavingPrivateDash proposal. Only 154 users voted for this offer, while 960 against and 25 abstained.
WHY IS IT IMPORTANT?
- Such a proposal may seem a little tough, but it should be borne in mind that the market as a whole is in a state of recession and all the cryptocurrency projects are lagging behind various given promises.
- Ryan Taylor worked in the financial services and technology market for 15 years. Before joining Dash, he was a stock analyst at a New York investment company. He moved to the crypto sphere, because he considers it a prospect. Taylor is confident that this is a very young industry with a huge potential for intelligent projects. He also believes that this technology can change the world for the better by giving people from the most unprotected layers greater financial freedom.
RBI Warns of Crypto Speculation, Plans Own Token
The Reserve Bank of India (RBI) published its annual report for the years 2017-18 on their website. A long report covers several warnings and predictions regarding cryptocurrencies.
The report indicates a growing volume of global crypto usage and potential effects such as peer-to-peer trading becoming widely used, which may involve an increased turnover of cash. RBI warns that this has to be closely inspected. Moreover, there is a potential situation where RBI might lose its control over crypto. The reason is the migration of crypto exchanges abroad where they can operate without being taxed, controlled and watched by RBI.
WHY IS IT IMPORTANT?
- India has a big potential to become a crypto hub of the world, if regulations are placed and the crypto ban is lifted.
- RBI can foresee that crypto exchanges might give up in India and move abroad from where they can cause more harm than RBI tries to prevent by banning.
California Governor to Decide on Blockchain Work Group
A working group on the study of blockchain will appear in the United States by July 1, 2019. The bill calling for the creation of a working group to study blockchain technology has been passed by both houses of U.S. California legislature. Now California Governor Jerry Brown has 30 days to approve or veto the law. If the the Assembly Bill (AB) 2658 enters into force, the working group should be created before July 1, 2019.
WHY IS IT IMPORTANT?
- According to the public records, both the state senate and general assembly have passed the bill with an overwhelming majority, giving it more chances to avoid the potential veto from the Governor.
- A similar bill has been signed in another state. In June Connecticut Governor approved and signed SB 443 into law, enabling the creation of a blockchain working group in their state. A plan of blockchain expansion in the state is also expected.
At 18:30 (GMT+1) total cryptocurrency market capitalization stands at $222,4 billion
Dogecoin (+17,97%) showed the best growth in the top-100
Market Dynamics
The trading volume of cryptocurrencies for 24 hours reached $12,2 (-1,6 billion per day)
Mining Profitability
- BTC $2,6 for 10 TH/s
- ETH $0,21 for 10 MH/s
- BCH $0,25 for 1 TH/s
- LTC $3,25 for 1 GH/s
- DASH $0,11 for 1 GH/s
Ongoing ICOs:
Expected ICOs:
- 31 August BetOnChart
- 5 September Cryptocean
- 8 September AEN Token
- 15 September COTI
- 15 September GOODWORK