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On Monday, cryptocurrencies demonstrated mixed performance, with Bitcoin standing still because trade was still thin because of the American holiday.
As a matter of fact, on the Bitfinex exchange Bitcoin managed to ascend by 0.02% coming up with an outcome of $7,2327.40. By the way, the trading session was anticipated to be light enough, as market participants in America celebrated the Labor Day holiday.
In general, crypto assets turned out to be a bit lower. The coin market cap of the total market capitalization accounted for $235 billion at the time of writing versus Sunday’s outcome of $239 billion.
The number two crypto asset by market cap, Ethereum went down by 1.03% ending up with $287.87. At the same time XRP, which appears to be the third largest digital coin, slumped by 1.17% showing $0.33441. As for Litecoin, it reached $64.762 adding 0.14%.
Japan’s Financial Services Agency is rolling out stricter registration rules for crypto exchanges. Tha’ts what the Japan Times informed on Sunday. As for the rules, they’re expected to supervise whether crypto exchanges are conducting risk management in the right way or not. The changes include, minutes of board meetings, more application questions as well as reviews of the companies’ shareholders.
Japan turned out to be the first country in the world to officially legalize crypto exchanges with the licensing regime started in 2017. After a number of exchange hacks, the watchdog has closely watched currently existing crypto companies and has provided business improvement orders to some of them.
In addition to this, web-browser Mozilla Firefox is expected to block crypto mining malware. Well, as crypto assets are getting more popular, security still appears to be one of the greatest hurdles to the industry. Future versions of Firefox are going to have crypto mining practices blocked by default.
Reportedly, the ECB is analyzing the possibility of the change of the current inflation target of "below but close to 2%". It weakened the EUR
What is important today?
USD/SGD rises as the indicators disappoint the market.
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…
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