Key Facts Of The Day 20.09.2018

SEC Takes Time to Think on Bitcoin-ETF

The U.S. Securities and Exchange Commission (SEC) announced the beginning of a formal process for considering the application for creating a bitcoin-ETF from New York companies VanEck and SolidX but contacted the community for more information.

The Office published an "order instituting proceedings to determine whether to approve or disapprove a proposed rule change" issued by CBOE BZX. At the same time, the head of the department underlined that the beginning of this process does not mean that the Commission came to any conclusions on the issues raised. The regulator needs more input from parties interested in approval to reach a decision.

Crypto to See Anti-Laundering Standards Soon

The Financial Action Task Force (FATF) will present anti-laundering standards for the digital financial asset market in the very near future. No such standards exist for cryptocurrency as of now. This way, FATF recognizes organizations that provide services related to digital assets, a full-fledged segment of the financial market. This means that operations with digital currencies will be removed from the shadow and the operations parties will get legal status.

It also implies that cryptocurrencies will need to be accounted for and a legal status within the framework of the legislation of each country has to follow. As a result, digital assets will be subject to local legislation when it comes to combating money laundering. The main requirements for companies involved will be presented based on strict adherence to the KYC procedure.

Canadians To Invest in Blockchain Through ETF

While the U.S. is deciding on the issue with the launch of bitcoin-ETF, its Northern neighbor, Canada, is pleased with the news. Coincapital, a division of the Bitcoin Stock Exchange of Coinsquare, launched two exchange-traded funds (ETFs), Coincapital STOXX Blockchain Patents Innovation Index Fund (LDGR) and Coincapital STOXX B.R.AI.N (THNK), on the Canadian TSX Venture Exchange.

The tools will allow Canadian investors to gain access to companies working in the field of blockchain and other innovative technologies. Representatives of the company believe that Canadians know that innovative technologies such as blockchain change their way of life and work. At the same time, access to high-quality investments in this sector without deep knowledge can be quite difficult to obtain.

First Australian Dollar-Backed Stablecoin Coming Soon

The Bit Trade team, one of Australia's oldest bitcoin exchanges announced a partnership with Emparta, the blockchain platform for headhunting. In the joint forces, the companies will create and launch the first Australian stablecoin backed 1:1 by the Australian dollar. The launching is scheduled for the next year.

A new coin, which has not yet received a name, is being developed for the implementation of direct cryptocurrency payments between the blockchain- infrastructure of Emparta and the Bit Trade services.

According to the managing director of Bit Trade, Jonathan Miller, the stablecoin provided by the Australian currency eliminates the gap in the market, will act as a buffer that mitigates fluctuations in the rates of the cryptocurrency.

Novogratz: Crypto Market Hit the Bottom

CEO of Galaxy Digital and famous crypto enthusiast, Michael Novogratz said on Yahoo Summit that cryptocurrency markets are finally reached the bottom. In addition, the expert noted that bitcoin’s price drops that we experienced this year demonstrates the new stability of the coin.

At 20:00 (GMT+1) total cryptocurrency market capitalization stands at $225,6 billion

Bitcoin (EXANTE: Bitcoin) $6762 (+5,2%)

Ethereum (ETH/USD) $244 (+15,95%)

XRP (XRP/USD) $0,58 (+54,88%)

Bitcoin Cash (EXANTE: Bitcoin.Cash) $429 (+14,74%)

EOS (EOS/USD) $5,91 (+11,89%)

MonaCoin (+61,58%) showed the best growth in the top-100

Market Dynamics

The trading volume of cryptocurrencies for 24 hours reached $24,4 (+12 billion per day)

Mining Profitability

BTC $2,3 for 10 TH/s

ETH $0,20 for 10 MH/s

BCH $0,25 for 1 TH/s

LTC $3,41 for 1 GH/s

DASH $0,10 for 1 GH/s

Ongoing ICOs:

Expected ICOs:

Click here for the full list of ongoing ICOs.