WTO Study: Blockchain to Change World Trade
The World Trade Organization (WTO) issued a research on the possible effects on international trade from the implementation of blockchain technology, according to the report published by the organization. Thus, it was stated by WTO that blockchain’s economic value-add on a global scale trade market could reach almost $3 trillion by 2030.
The study considers the technology’s effect on industries such as trade finance, customs clearance, logistics, and transportation. It was also noted that the main benefit from blockchain adoption is cut trade and transactional costs due to increasing transparency and facilitating processes automation and the further removal of trade barriers.
SEC Head: Bitcoin ETF Rejected Due to Manipulation
Chairman of the U.S. Securities and Exchange Commission (SEC), Jay Clayton, said that he didn’t see the possibility of approving a bitcoin ETF until the problem of market manipulations was resolved.
In this case, Clayton explained that he doesn’t know exactly how this problem will be solved, but this issue should be closed. At the same time, the prices of crypto assets should not be free from volatility, but free from manipulation. However, the official stressed that he spoke on his own behalf, and not on behalf of the department he headed.
Bitcoin Going Down? Chinese Rating Says Otherwise
China’s Center for Information Industry Development (CCID), part of the Ministry of Industry and Information Technology of the country, has published an updated version of its cryptocurrency rating project — already the seventh in a row. The number of estimated projects was 33 and did not change from the previous release.
33 crypto-projects were evaluated on the basis of their technological component, practical significance, and ideological potential, and in the end received the total index — the summed result of three indicators on the basis of which a place in the rating was awarded. In terms of ideological potential, bitcoin takes the leading position. EOS became the best from the technological capabilities point of view, while ethereum is the chosen winner for its practical value. It is worth mentioning that this round saw two cryptocurrencies at the same time ranked 16th.
Crypto Market Outlines Positive Trends
After a strong recession in the cryptocurrency market, which began on November 14, a positive price correction of all large cryptocurrencies is observed.
Coinbase to Launch OTC platform for Institutional Investors
Coinbase, doesn’t abandon plans to launch an over-the-counter platform in response to demand from large investors.
CLS Announces Success of its Blockchain System
Representatives of the CLS reported that their system is working successfully. “We have matched and confirmed the first transactions and successfully issued a netting report to the counterparties,” Ram Komarraju, managing director for technology at CLS.
CFTC Releases Guide on Smart Contracts
Commodity Futures Trading Commission (CFTC), has released the second guide about the nature and opportunities of smart contracts, with a reminder that the technology is covered under financial rules.
At 17:45 (GMT) total cryptocurrency market capitalization stands at $137.5 billion
Litecoin (+17.39) showed the best growth in the top-10
Verge (+43.16%) showed the best growth in the top-100
The trading volume of cryptocurrencies for 24 hours reached $19.31 (+2.34 billion per day)
- BTC $1.60 for 10 TH/s ↗️
- ETH $0.13 for 10 MH/s ↗️
- BCH $7.35 for 1 TH/s ↗️
- LTC $2.91 for 1 GH/s ↗️
- DASH $0.03 for 1 GH/s ⏸