Bitcoin price is sitting at $5,022
Crypto Market Update (4 April 2019)
Market Analysis Report 04 April 2019 still on the super high a Bitcoin price eventually hit $5,022 representing a gain of 1.03% in the last 24 hours. More than $700M worth of BTC were exchanged in the BTC/USD market representing a 17.5% share of the global daily volume. The pair with most volume was the BTC/USDT with a 67.5% share.
Ethereum Market Update (4 April 2019)
The Ethereum price has dropped 3.31% over the past 24 hours and is currently sitting at $162, with over $280M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 8% market share of the daily trading volume. The largest ETH trading pair was the ETH/USDT with a 51% share.
SEC Issues Guidance to Determine If a Cryptoasset Is a Security
Yesterday, two employees of the U.S. Securities and Exchange Commission (SEC), Bill Hinman, Director of Division of Corporation Finance and Valerie Szczepanik, Senior Advisor for Digital Assets and Innovation, released a public statement, which is intended “to assist those seeking to comply with the U.S. federal securities laws”.
The SEC’s Strategic Hub for Innovation and Financial Technology (FinHub), which is headed by Szczepanik, published a framework to “analyze whether a digital asset is offered and sold as an investment contract (security). Referring to the framework, the statement reads:
“It represents Staff views and is not a rule, regulation, or statement of the Commission. The Commission had neither approved nor disapproved its content.”
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EU Blockchain Group Launches With SWIFT, Ripple Onboard
SWIFT, IBM, Ripple and around 100 other firms and organizations have joined a new blockchain association to promote adoption of the technology across the EU. The new group, called the International Association of Trusted Blockchain Applications (INATBA), was launched yesterday, in Brussels, Belgium.
The association plans to build a framework to encourage public and private sector collaboration, dialogue with regulators and policymakers and “legal predictability,” as well as ensure “integrity and transparency” in blockchain infrastructures. It will also develop guidelines and specifications for blockchain and distributed ledger-based applications.
Jamaica Stock Exchange to Pilot Bitcoin and Ether Trading
The Jamaica Stock Exchange (JSE) is soon to trial Bitcoin and Ether trades with help from Canadian fintech firm Blockstation. Yesterday, the two firms jointly announced that they have entered an agreement to enable live trading of digital assets including security tokens in a “regulated and secured” environment. Marlene Street Forrest, the JSE’s managing director, said in the announcement:
“This is an unprecedented opportunity for the JSE to diversify its product offerings and attract new listings and inbound investments.”