Market Update 12.31.18 – Survey Shows Interest Towards Crypto
Market News
Survey Shows Interest Towards Crypto
A Chinese survey of 4,200 respondents has shown that 40 percent are willing to invest in crypto in the future. It was PANews that conducted the survey. According to the answers gathered during the crypto-related survey, about half of all the respondents had heard of the following terms: cryptocurrency, digital currency, or Bitcoin (BTC).
On the other hand, 63 percent of the respondents believe that there is no necessity for crypto as a means of payment. As well, only 22.2 percent of the surveyed individuals were aware of the concept of blockchain-powered tokens.
Read the full report here.
Houbi Launching Own Crypto Exchange
Huobi Group plans to launch the company’s first cryptocurrency exchange — which will be dedicated to EOS — in the first quarter of 2019. The exchange will be reportedly launched by Huobi Pool, the group’s cryptocurrency mining arm. Cao Fei, the CEO of Huobi Pool, described the launch of the EOS exchange as “the next logical step in our support” as an EOS Block Producer (BP).
The release states that the exchange will allow clients to trade in the altcoin EOS against several other cryptocurrencies. Huobi is currently the third-ranked crypto exchange based on the volume on CoinMarketCap, with around $774 million in 24 hour volume at press time.
As reportedly previously, the exchange recently also announced support for EOS on its derivative market. The daily traded volume on Huobi’s cryptocurrency derivative market also reportedly recently broke $1 billion.
Read the full report here.
FSA Receives Crypto Exchange License Applications
The Japanese Financial Services Agency (FSA) has received 190 cryptocurrency exchange license applications. It has given the local crypto industry self-regulatory status, certifying the Japanese Virtual Currency Exchange Association (JVCEA) to oversee the space. The JVCEA is now expected to develop anti-money-laundering (AML) policy and providing guidelines to crypto exchanges.
According to the official report, such a license was recently granted to cryptocurrency exchange Coincheck. Following a hack at the exchange in January, it received two business improvement orders from the FSA. Those improvement orders were mainly focused on setting higher standards for customer protection and anti-money-laundering measures. The FSA sent “punishment notices” to seven crypto exchanges in March.
The commissioner of Japan’s FSA said in August that the agency wished the crypto industry to “grow under appropriate regulation.” He further reassured that the agency has “no intention to curb [the crypto industry] excessively.”
Read the full report here.
Total Market Cap: December 31
The volume of trade in the crypto market sat at $15.92 billion. The market’s capitalization, on the other hand, reached $130.60 billion.
Bitcoin Price Analysis: December 31
In the past 24 hours, Bitcoin fell 0.37% to trade at $3,876.18. The leading cryptocurrency’s trade volume trickled to $4.95 billion, while its market slid to $67.65 billion.
XRP Price Analysis: December 31
XRP’s price fell 0.75% to trade at $0.367467. As for the altcoin’s trading volume, it reached $528.47 million; whereas its market capitalization hit $14.99 billion.
State of the Top 10 Cryptocurrencies: December 31
In the past 24 hours, most prices were down. Meanwhile, TRON continues to dethrone Cardano at the 10th spot.
- Bitcoin’s market price fell 0.37% to $3,879.18, and its value in the market is $67.65
- XRP’s market price fell 0.75% to $367467, and its value in the market is $14.99 billion.
- Ethereum’s market price jumped 2.04% to $82, and its value in the market is $14.45 billion.
- Bitcoin Cash’s market price fell 79% to $163.20, and its value in the market is $2.86 billion.
- EOS’ market price jumped 27% to $2.67, and its value in the market is $2.42 billion.
- Stellar’s market price fell 78% to $0.118124, and its value in the market is $2.26 billion.
- Litecoin’s market price jumped 61% to $32.00, and its value in the market is $1.91 billion.
- Tether’s market price fell 0.46% to $1.02, and its value in the market is $1.90 billion.
- Bitcoin SV’s market price fell 43% to $89.04, and its value in the market is 1.56 billion.
- TRON dethroned Cardano at the 10th spot, with its market price jumping to 0.03% to $0.020134. As for its value in the market, it is $1.34 billion.