Market Update 11.25.18 – GBX Wins Blockchain Subsidiary License
Market News
GBX Wins Blockchain Subsidiary License
The blockchain subsidiary of the Gibraltar Stock Exchange now has official approval from the island’s financial regulator. GBX announced that the Gibraltar Financial Services Commission (GFSC) has granted it a license under the jurisdiction’s new regulatory framework for distributed ledger technology (DLT), claiming to be the first stock exchange to own a regulated blockchain exchange.
The GBX was first launched in July as an “institutional-grade” token sale platform and digital asset exchange. It currently offers U.S. dollar onboarding and a number of trading pairs against USD. More fiat options and trading pairs are planned in the future.
Read the full report here.
Alleged Bitcoin Launderer On Hunger Strike
The lawyer for Alexander Vinnik, the alleged former operator of defunct cryptocurrency exchange BTC-e, said his defendant will go on a hunger strike. According to Timofey Musatov, the head of the lawyers representing Vinnik, the reason given for the hunger strike is that “he [Vinnik] was stripped of the right for defense in France and, consequently, in Greece.”
The lawyer also noted that “it became clear that the [French-issued] European arrest warrant expired.” In 2017, Greece’s Supreme Court ruled to extradite Vinnik to the U.S., where he faces charges of money laundering and fraud. In June, a Greek court ruled to extradite Vinnik to France. The Greek Supreme Court discussed Vinnik’s extradition to France on Nov. 19, but postponed the ruling to Nov. 29.
“The Greek Supreme Court’s judge completely ignores the work of lawyers who cannot even file a petition. She does not give them an opportunity to speak or do it.”
Read the full report here.
Battle For Bitcoin Cash Name Finally Ends
Billionaire Entrepreneur and Bitcoin Cash SV (BCH SV) supporter Calvin Ayre has declared that the coin “no longer want[s] the name Bitcoin Cash [BCH].” The statement claims that Bitcoin Cash SV will continue to exist independently from Bitcoin Cash (BCH), and that the coin is in fact the “original” Bitcoin (BTC)
“Bitcoin SV is the original Bitcoin not the original Bitcoin Cash.”
Ayre calls on Bitcoin Cash ABC – the Roger Ver-backed coin created in BCH’s recent hard fork – to “permanently split” the two chains for a “win-win solution.” The author also accuses supporters of both Bitcoin, which he refers to as “Segwit BTC,” and Bitcoin Cash of having “tinkered it [Bitcoin] to death.” Namely, according to Ayre, Bitcoin and BCH ABC have “abandoned Bitcoin’s core principles by abandoning Nakamoto consensus and trust in miners’ Proof of Work.”
Read the full report here.
Total Market Cap: November 25
The volume of trade in the crypto market sat at $11.97 billion. The market’s capitalization, on the other hand, reached $136.36 billion.
Bitcoin Price Analysis: November 25
In the past 24 hours, Bitcoin fell 1.37% to trade at $4,277.79. The leading cryptocurrency’s trade volume trickled to $3.99 billion, while its market slid to $73.53 billion.
XRP Price Analysis: November 25
XRP’s price fell 1.18% to trade at $0.396467. As for the altcoin’s trading volume, it reached $493.07 million; whereas its market capitalization hit $15.99 billion.
State of the Top 10 Cryptocurrencies: November 25
In the past 24 hours, all prices were down except for Tether. Meanwhile, Monero continues to dethrone TRON at the 10th spot.
- Bitcoin’s market price fell 1.37% to $4,277.79, and its value in the market is $73.53 billion.
- XRP’s market price fell 1.18% to $0.396467, and its value in the market is $15.99 billion.
- Ethereum’s market price fell 0.06% to $120.90, and its value in the market is $12.50 billion.
- Bitcoin Cash’s market price fell 1.68% to $199.82, and its value in the market is $3.49 billion.
- Stellar’s market price fell 1.65% to $0.174086, and its value in the market is $3.33 billion.
- EOS’ market price fell 1.62% to $3.47, and its value in the market is $3.15 billion.
- Litecoin’s market price fell 0.87% to $31.15, and its value in the market is $1.85 billion.
- Tether market price jumped 0.28% to $0.987326, and its value in the market is $1.78 billion.
- Cardano market price fell 2.51% to $0.041442, and its value in the market is $1.07 billion.
- Monero dethroned TRON at the 10th spot, but its market price fell 0.94% to $63.50. As for its value in the market, it is $1.05 billion.