Morgan Stanley to Allow Bitcoin Derivatives Trading?
Morgan Stanley Banking Holding will provide its customers with an opportunity to trade swaps for the total revenue from the dynamics of the bitcoin exchange rate, Bloomberg reports today citing the source familiar with the situation. Representatives of Morgan Stanley have not yet confirmed or denied the report from Bloomberg.
WHY IS IT IMPORTANT?
- Such a step has been made six months after information that Morgan Stanley will follow the example of Goldman Sachs and begin to deal with clearing bitcoin futures.
- Morgan Stanley cautiously approaches short and medium-term prospects of bitcoin and other cryptocurrencies. In particular, Mike Wilson, an analyst at the company, expressed his fears about the possible continuation of the bearish trend in 2019.
Google Play Store Removes Bitpay
The application of one of the most popular wallets for BTC and BCH, Bitpay, has been removed without any warnings from Google Play Store. Bitpay has not reported any updates or service interruptions lately, which could have been the reason for such a move from Google’s side. Therefore, the disappearance of the wallet application from the store was a complete surprise.
Bitpay is also famous for its services aimed at sellers and service providers who want to accept cryptocurrency as payment alongside with fiat money. Bitpay has a number of unique features, such as integration with Coinbase, Glidera, and Shapeshift, the ability to buy Amazon and Mercado Livre Brazil gift cards, as well as integration with Visa credit cards (only in the U.S.).
HitBTC Upgrades EOS to Quote Currency
Global Crypto Exchange HitBTC has announced upgrading EOS to a quote currency. HitBTC added EOS and included this information to their 1.196.0 September 11, 2018 changelog.
WHY IS IT IMPORTANT?
- Crypto community mostly thinks that adding more altcoin trading pairs to the exchanges will reduce the dominance of Bitcoin on the market. At the moment Bitcoin dominance is around 56%.
- While the crypto storm ha decreased almost all prices on the market, EOS had a relatively consistent pricing which at the moment stands at $5.07 according to the Coinmarketcap.
Bittrex Opens International Division & Malta Site
Bittrex Exchange has created an international division. It will deal with the company's activities outside the United States. The company has also announced the opening of a crypto exchange in Malta, which will work according to the rules of this country and the European Union.
Each digital asset based on the Maltese platform will be available for the Bittrex network of partner platforms and will be run in compliance with the local laws. Bittrex statement says that it will promote a wider acceptance of the blockchain in the world.
McAfee: Bitcoin No.1 for Processing Payments
The founder of the antivirus McAfee states that Bitcoin is a cryptocurrency number 1 for processing payments. The famous Scottish-American programmer John McAfee remains faithful to his vision for the future of Bitcoin. Despite a sharp decline in the market capitalization of the сryptocurrency, he still believes that Bitcoin is the No.1 crypto in the ecosystem. His opinion contradicts others who deny the nature of a peer-to-peer electronic system for calculations.
John McAfee believes that based on the mathematical point of view, the cost of bitcoin should be close to $1 million by 2020. This conclusion can be drawn from the data on the total number of bitcoins already mined and the difficulty of their mining process. Analyzing this information, McAfee believes that the number of rewards for the block will be reduced by 2 times and will reach 6.25 BTC per block.
WHY IS IT IMPORTANT?
- McAfee is one of the most influential people in the crypto community. His extensive knowledge in this field, as well as an open and outspoken personality, make his opinions highly respected, despite the fact that some of them are very controversial. Each of his arguments can be confirmed by concrete facts.
At 18:30 (GMT+1) total cryptocurrency market capitalization stands at $201,2 billion
Ethereum (+19,96%) showed the best growth in the top-10
Nano (+39,98%) showed the best growth in the top-100
Market Dynamics
The trading volume of cryptocurrencies for 24 hours reached $13,8 (+2 billion per day)
Mining Profitability
- BTC $2,2 for 10 TH/s
- ETH $0,17 for 10 MH/s
- BCH $0,19 for 1 TH/s
- LTC $3,11 for 1 GH/s
- DASH $0,09 for 1 GH/s
Ongoing ICOs:
Expected ICOs:
- 18 September eMusic
- 1 October Open Packaging Network
- 1 October Tiberius
- 2 October CryptoCasher