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On Wednesday, crypto assets managed to rally. However, they’re still staying below all-time maximums this time 2017.
As a matter of fact, the most popular crypto asset Bitcoin tacked on by up to 1.2% being worth $3,437.80 on the Investing.com Index.
For recent weeks crypto assets have tumbled drastically because market participants are greatly concerned about increased regulatory scrutiny as well as volatility.
In general, digital coins leapt, with the overall coin market capitalization accounting for $110 billion at the time of writing, in contrast with $107 billion recorded on Tuesday.
Besides this, Ethereum, or Ether for short, managed to inch up by up to 1.9% trading at $89.26, while Litecoin ending up with $24.21, surging by 4.5%. As for XRP, this digital currency rallied by 2.3% demonstrating a reading of $0.30462.
Furthermore, ex-CEO of defunct Bitcoin exchange Mt. Gox, Mark Karpeles, could face a 10-year prison sentence, as Japanese officials uncovered.
In 2013, Karpeles reportedly thieved up to $3 million of client money kept in a bank account. So, Karpeles had the funds transferred to his own account. By the way, he hasn’t pleaded guilty.
Mt. Gox was used to handling up to 70% of all Bitcoin transactions worldwide at its height and turned out to be the world’s number one crypto exchange.
In addition to this, the major bank of the UAE is currently working on a joint project with Saudi Arabia. The purpose of the project is to issue a crypto asset between the two countries. That’s what the governor of the UAE major financial institution informed on Wednesday.
The two countries are currently studying the promising topic and the crypto asset would be between the two key banks, and not for consumers. Both financial institutions have already warned their customers against investing and utilizing crypto assets due to its speculative nature.
For the last week, crypto assets jumped, backed by a 25% leap in Bitcoin Cash, in contrast with a backdrop of further indications of sluggishness in fiat currencies, including the evergreen buck…
On Monday, the evergreen buck slumped to a two-and-a-half week minimum because market participants pulled back ahead of the Fed’s meeting a bit later in the week…
On Friday, key crypto assets showed mixed performance in Asia, with mild movements because the trading week drew to its end…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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