Here's what you need to know on Thursday


BTC/USD is currently trading at $8,700 (-1.00%) in the afternoon in U.S. hours, as the bulls lose further momentum, faltering ahead of $9000. 

ETH/USD is currently trading at $161.95 (-2.98%), another session in the red, as profit-taking kicks in after Tuesday’s rally.

XRP/USD is currently trading at $0.2250 (-4.37%), price struggling with supply $0.2200-0.2400. 

Among the 100 most important cryptocurrencies, the best of the day are REP $16.02 (+41.60%), MANA $0.038645 (+13.49%) and RLC $0.668204  (+10.97%) and The day's losers are BSV $312.70 (-13.90%), MAID $0.076475 (-13.05%) and SXP $1.35 (-11.60%).

Chart of the day: XRP/USD daily chart


The for-profit developer behind Zcash (ZEC), Electric Coin Co. (ECC), has released a set of resources to facilitate the implementation of shielded transactions on mobile. This builds on early tests in 2019 conducted after the Sapling upgrade. The developer released a complete set of Software Development Kits (SDK) versions for both Android and iOS.

The Sacramento Kings basketball team is releasing an Ethereum-based sports memorabilia auction platform, which uses Consensys-backed Treum to establish a trail of records for auctioned items


Malaysia has tightened its regulations around token sales to reduce the risks faced by investors. As per SC’s new guidelines, the nation would only allow tokens that meet the strict assessment standards set by the agency would be allowed for sale in the country. As such, a token’s worth can be determined with assistance from the guidelines which would help both regulators and IEO platforms in operating.


Australian Reserve Bank (RBA) recently revealed that it simulated the use of central bank digital currency (CBDC) in a wholesale payment system based on the Ethereum network, with interesting results. Their plan was to see whether a system where banks settle customer payments between themselves would be able to operate on a permissioned Ethereum-based network.

Binance’s Japanese support website, the exchange revealed it would restrict access to residents of Japan at an unspecified later date. The restriction is said to be implemented gradually, with details to be revealed later, according to the announcement. Currently, there are no restrictions in place and Japanese users are able to operate the exchange normally. 

The Winklevoss’ Gemini Exchange has launched an insurance company to cover up to $200 million for Gemini Custody — reportedly the largest amount for any crypto custody service in the world.

Garanti BBVA has announced that it is the first and only private bank to join Turkey’s digital asset blockchain network. The BiGA Digital Asset Transform Platform was developed by Istanbul Clearing, Settlement and Custody Bank (Takasbank), and was officially launched just before the New Year.

Major South Korean cryptocurrency exchange Bithumb has decided to litigate a near $69 million (80 billion won) tax bill levied by the National Tax Service (NTS).

Quote of the day:

Bitcoin is going to disrupt payments. Returns since the first Bitcoin transaction in Jan 2009... Visa: 1,462% Mastercard: 2,139%

Charlie Bilello


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

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