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Crypto Today: The next Bitcoin's bull run will be led by female investors

Here's what you need to know on Monday

Markets: 
 

  • The BTC/USD pair is currently trading at $7,058 (-0.7%), oscillating inside a narrowing range limited by $7,000 on the downside and $7,300 on the upside.
  • The ETH/USD pair is currently trading at $141.44 (-0.8%). The Ethereum is moving within a downside trend with the support located at psychological $140.00 and the critical resistance ant $150.00.
  • XRP/USD is currently trading at $0.2139 (-1.7%). The XRP has confirmed the move below $0.22 amid growing bearish pressure. The coin is among the worst-performing altcoins out of top-20 on a day-to-day basis. 
  • Among the 100 most important cryptocurrencies, the best of the day are Aurora (AOA) $0.0069 (+40%), Stratis (STRAT) $0.7578 (+19.9%) and Enjin Coin (ENJ) $0.0856 (+15.9%). The day's losers are EDUCare (EKT) $0.0821 (-15.26%), Crypterium (CRPT) $0.3407 (-8.3%) and Bytecoin (BCN) $0.0002 (-5.83%).

Chart of the day:
ETH/USD 


 
Market:
  • Fidelity Digital Assets, The cryptocurrency trading division of the US-based financial services giant Fidelity plans to romp out ETH support in 2020, provided that there is enough demand for it. The news was revealed by the head of the company Tom Jessop during the interview with the industry media outlet The Block.
  • According to the latest Grayscale Investments research, over 43% of investors potentially interested in Bitcoin are women. Moreover, at this stage, female investors are more inclined to buy Bitcoin than men (47% against 39%, respectively).

Industry:

  • Fintech startup Robinhood introduced fractional shares. The new functionality allows users to invest in thousands of stocks and ETFs via Robinhood's mobile app with a minimal investment amount as low as $1, regardless of total share prices.
  • Cardano testnet Shelley has on-boarded over 120 stake pools in just 24 hours after launch. The project behind the 12th largest digital coin (ADA) celebrates the successful start.
  • Tether has financed the development of a new version of Omni, a Bitcoin's tokenization layer. The latest version Omni Core 0.7.0 fixes locking issues and features enhanced network performance.            

Regulation:

  • The Netherland-based mining platform Simplecoin has been forced to shut down due to the new European Anti-Money Laundering (AML) requirements. The company announced that the regulatory requirements to implement full KYC (Know Your Customer) and AML policies are at par with the platform's philosophy. The same decision was made by mico payment service Bottle Pay that has chosen to shut down rather than comply with the new AML Directive.
  • The Reserve Bank of South Africa (SARB) is set to tighten its cryptocurrency regulations to prevent citizens from using digital currencies for evading currency controls. 
  • The New York Department of Financial Services (NY DFS) proposed to allow licensed virtual currency firms (BitLicenses holders or trust charters) to transact in virtual currencies without requesting additional permissions.

Quote of the day: 

BTC is available in this country and many others for almost no cost. The percentage of consumers choosing it as a methodologically for payment or SOV is infinitesimal. It's almost free and few want to use it. We started taking BTC in 2015 and again last yr with 5 total trx.

- Marc Cuban

Author

Tanya Abrosimova

Tanya Abrosimova

Independent Analyst

 

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