Bitcoin rallies as China’s mining company considers American listing

Bitcoin rallies as China’s mining company considers American listing

On Tuesday, crypto assets were quite mixed against the backdrop of news that a Chinese Bitcoin mining firm relishes a thought of making a public listing in America.

Eventually, Bitcoin managed to leap by up to 0.8% ending up with a result of $4,012.20 on the Investing.com Index.

China’s number two maker of hardware utilized by miners, Canaan is currently considering an initial public offering having given up an idea of listing in Hong Kong. That’s what Bloomberg revealed.

As Bloomberg informed, the listing might take place in the first half of this year.

In general, digital coins dived a bit, with the overall coin market capitalization at about $136 billion in contrast with $138 billion recorded on Monday.

Additionally, Ethereum slumped by 0.4% being worth $150.61. As for Litecoin, this digital currency hit $39.425, adding 4.6%. Meanwhile, XRP gained 0.2% reaching $0.364.

In addition to this, on Tuesday, the Bank for International Settlements told that most major financial institutions are reluctant to have e-currency issued any time soon.

The poll from the BIS discovered that the vast majority of financial institutions are uncertain about crypto assets. The BIS stressed that banks aren’t assured that costs will be outweighed by benefits.   

The report came with responses from up to 63 major financial institutions. Only five banks have started some type of e-money pilot program. For example, these are the banks of Uruguay and Sweden, the Bank of England, the Bank of Japan as well as the European Central Bank. More than 85% of financial institutions polled told they were reluctant to issue any type of digital asset in the next three years.

The Swiss-based BIS told that physical cash won’t be the key answer to meet the payment needs of the future.

Similar

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera