Key Facts Of The Day 15.10.2018

Binance Restores Tether Withdrawals, Stability Still Questioned

The crypto exchange Binance temporarily suspended stablecoin Tether’s withdrawal this Monday. According to the information on the portal, the technical works took half an hour and were caused by the need to process the requests that had accumulated against the background of increased volumes. Later, the ability to output Tether with Binance was restored. Binance Telegram сommunity administrator has written about the congestion of USDT network.

But many more questions in connection with the falling rate of Tether have been caused by the crypto exchange Bitfinex. Earlier, the site suspended accepting deposits in US dollars. А representative of the crypto exchange Kasper Rasmussen confirmed the information on the suspension of receiving fiat currencies. And today the platform has released a detailed explanation. Bitfinex representatives said that in the coming days, the exchange plans to launch a new system that will allow to resume accepting fiat deposits.

The USDT, meanwhile, continues to trade below the U.S. dollar, to which its rate is pegged. The wave of rumors about the possible insolvency of Tether issuer and the proliferation of regulated stablecoins have probably lead to the fact that traders are getting rid of the asset, putting negative pressure on its price.

XRP Token Wins Investors’ Sympathy

According to a recently conducted survey by Weiss Ratings, the leading provider of autonomous, impartial, and confided crypto ratings and stocks, a decent number of voters had vouched for XRP as the best shoddy crypto to put resources into. It turned out that the Twitter community considers investing in a digital currency such as XRP from Ripple as the best investment in virtual tokens, worth less than $1. Among 5,726 twitter users that took part in the survey, 64% preferred XRP cryptocurrency, which indicates a clearly positive attitude to the digital token, which until recently was not accepted by the crypto community because of its centralization.

Twitter users preferred to choose XRP among four digital currencies. So, the XRP token won 64% of the vote, while only 25% chose a Cardano (ADA) coin to invest in. At the same time, Stellar Lumen (XLM) became the third most popular token with 8%. IOTA became the last cryptocurrency, with only 3% of respondents voted for it. This result is a sign of a great work done by the Californian blockchain startup aimed at promoting the digital currency XRP, which is currently of interest both to companies and to private investors.

Barclays: Crypto Out in the Cold

Barclays bank stopped the development of crypto trading according to two anonymous sources of Financial News. It looks like the Bank is back to the position it had in May when CEO of Barclays, Jes Staley declared that they will not trade cryptocurrencies, saying that they were being used for criminal purposes. Circumstances of the decision making are not clear; it could be speculated that the bank’s commitment to abandon its plans was made under the pressure of regulators or that the demand for crypto services was miscalculated. It is also possible that the move may be related to the prolonged decline of the cryptocurrency market that has been going on since January, partly due to the fickle attention of institutional investors.

What Else:

At 19:20 (GMT+1) total cryptocurrency market capitalization stands at $211.1 billion

XRP (+5.06%) showed the best growth in the top-10

Aurora (+28.91%) showed the best growth in the top-100

Market Dynamics

The trading volume of cryptocurrencies for 24 hours reached $21.6 billion (+8 billion per day)

Mining Profitability

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