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Google makes a call for crypto-advertising but in part. Ripple Craziness continues as the new Coinbase registration policy could pave the way for XRP listing. Among the companies, Walmart says to suppliers, "Blockchain or Bust". Responding to Stablecoin Circle's request launches Stablecoin (USDC). Among the regulatory news, Crypto executives are meeting with Capitol Hill to discuss the future of cryptocurrency. Among the exchanges, Mt. Gox Trustee reports the sale of cryptocurrencies worth $ 230 million since March 2018. Internationally, the eminent exchange of Indian cryptocurrency Zebpay becomes the first calamity of the Indian encryption ban then that the case in the Supreme Court against the ban should be heard this week
Google announced this week that its general ban on cryptocurrency advertising will end in October. The updated policy does not mean that it will be free advertising for all, however. Advertisements for ICOs, portfolios and marketing tips are still blacklisted and approved ads may only be shown in the United States and Japan. Following Facebook's initiative, cryptography companies must complete an application to advertise their products or services.
XRP prices are rising as the US Bitcoin Exchange Coinbase company prepares to list more cryptographic assets, the company said. Coinbase currently offers Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin. In its blog, the company announced that it is currently working on compliance and regulatory issues, which would pave the way for the mobilization of new assets. "The new process begins with a form allowing issuers to submit assets for listing on Coinbase, which we will evaluate against our digital asset system. The application form and the digital asset repository will be updated regularly and our form will indicate the latest version of the framework we are evaluating. "
The XRP also has another news in its name since the price drop over the past two weeks was tied to the XRP sold by Jed McCaleb. The digital token saw its price drop significantly over the previous weeks and company co-founder Jed McCaleb "accelerated" the sale of XRP during the process, selling up to 40,000 chips a day until July. He then sold nearly 500,000 XRP per day in August. Now that the price of the wave has gone up in recent days, we could expect McCaleb to change his strategy. However, he continued to sell about $ 150,000 of this token each day. McCaleb did not disclose his strategy other than telling the Wall Street Journal that he "does not sell more than [he has] agree with Ripple. "
This week, Walmart informed its partners that suppliers of California products must join their distribution system or lose their business. Moving to product traceability should help Walmart reduce the scope of recalls for contamination. Walmart Vice President of Food Safety Frank Yiannas told reporters that Walmart has been experimenting with blockchain technology for two years. Therefore, this requirement "should not really surprise."
Stablecoins is back in the news that Circle launches Stablecoin (USDC). Among the strangest trends in cryptocurrency, Boston-based payment firm Circle launched its US dollar, the US dollar. This release follows the launch of Gemini's Stablecoin Cryptocurrency Exchange (GUSD). Although these stable companies are not in direct competition, as they are likely to originate only from each exchange (Circle = Poloniex), they should lose part of the market share to the leader of the stable facility, Tether (USDT).
More than fifty participants attended Tuesday's roundtable hosted by Rep. Warren Davidson, R-Ohio, to discuss the future of the cryptocurrency world. A key point was raised: Regulatory uncertainty will weigh on innovation, as companies will be afraid to over-commit their resources to commit legal infractions due to misinterpretation of laws.
In addition, read: Bitcoin & Crypto Market all prepared for a bullish rally, experts explain why
According to the recent publication on the Mt Gox website, Mt. Gox Trustee, Kobayashi has reportedly sold $ 230 million in Bitcoin and Bitcoin Cash since March 2018, a report on Mt. Gox site. Gox was without a doubt the most popular Bitcoin exchange in the world before being hacked in 2014.
India's leading encrypted currency exchange operator Zebpay terminated its foreign exchange operations as of September 28th. In a statement posted on his blog, Zebpay said, "We are not able to find As a result, we are stopping our trading activities. Today (September 28, 2018), at 4 pm, we will cancel all crypto unencrypted orders and credit your cryptographic coins / tokens to your Zebpay wallet. No new orders will be accepted until further notice. However, the Zebpay wallet will continue to operate even after the end of the exchange. It is also possible to deposit and withdraw coins / tokens in his wallet.
Still from India, the Supreme Court could have a hearing in the coming weeks about the ban by the Reserve Bank of India's encryption companies. Speaking about the case, Koinex's co-founder and CEO, Rahul Raj, told reporters, "According to the verdict of the Supreme Court, there will be some kind of feeling or movement in the regulatory framework, Regulators or users will find themselves in much clearer situations about how this space will look in the coming weeks or months.
Bitcoin (BTC)
After being in the greens for the past few weeks, BTC has announced minor sales this week ending down 2%. Prices reached the high point of USD 6,785.03 and the lowest point of USD 6,381.86 during the week. In addition to outliers of BitMEX with volumes of 19.31%, the most active exchanges, in volume, with BTC on several pairs this week, were Bithumb (3.00%), Binance (2.57%) and DOBI Trade (2.31%). ,
Among the most prominent figures, Fundstrat's Tom Lee said Bitcoin's stability at $ 6,000, regardless of its lows, is optimistic. Lee Blooomberg said "$ 6,000 is a higher level than we have achieved. Earlier this year, we reported a break-even point of $ 6,000 for Bitcoin mining, so this level should be maintained. The fact that Bitcoin is here is very good news. I think there are catalysts at the end of the year, so I think that despite the highest levels, we started to reverse the trend "
Ethereum (ETH)
Ethereum was once again seen trading with XRP on the list of the largest cryptocurrencies by marketcap. Although it has regained its place, XRP is still at a threatening distance. Ether prices, at the top, were this week at 245.11 USD and were at troughs of 206.49 USD, which corresponds to a decrease close to 200 USD a hedge. The most active markets, in volume, with the ETH in different couples this week were DOBI Trade (5.82%), Binance (4.78%) and Huobi (4.40%).
Like Bitcoin, but also Ethereum, Tom Lee told CNBC that this time, four times out of four, he was lagging behind his peers. Of two standard deviations, Ether saw a "major trend reversal". towards ETH was too negative and that the underperforming token of two peers compared to its peers was a "sign of surrender".
Ripple (XRP)
Ripple's XRP program is still going wild this time, with the hope that Coinbase's policy change will open doors to the XRP program as part of a renowned exchange. At the top, this week, XRP prices were $ 0.587431 and, down, $ 0.441519. The most active exchanges, by volume, with XRP on different couples this week were Bitbank (12.65%), Upbit (12.55%) and Binance (11.10%).
CoinField, Canada's most advanced cryptocurrency and cryptocurrency exchange, announced this week that it is exploring the possibility of making XRP its base currency.
Other actors
The other pieces that reached the top and bottom this week according to Coin Market Cap (accessed Sept. 30 at 11:30 pm PT) were
The movers
- ETERNAL TOKEN – 714.23% increase
- EJOY – 390.55% increase
- NGO – up 220.57%
Shakers
- Concierge Room – Showing a 69.69% drop
- Coin2Play – Shows a 57.31% drop
- Banyan Network – 39.07% decrease
What do you think would be the feeling of crypto markets next week? Let us know your point of view on the same thing.
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Bitcoin, Ethereum, Ripple Price Analysis for the week of September 24 to September 30
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Google makes a call for crypto-advertising but in part. Ripple Craziness continues as the new Coinbase registration policy could pave the way for XRP listing. Among the companies, Walmart says to suppliers, "Blockchain or Bust".
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NILESH MAURYA
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COINGAPE
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