Daily crypto: Markets show red numbers and bank make payments using bitcoin

Starting on Monday, an Argentinian bank called Banco Masventas has enabled its customers to send cross-border payments using bitcoin. This has been made possible thanks to a partnership with Latin America-focused crypto exchange Bitex.

“The customers will ask the bank to do an international payment, and the bank uses Bitex as a provider. For the customer, it’s transparent, they don’t touch, they don’t see the bitcoin”, says Bitex chief marketing officer Manuel Beaudroit to Coindesk.

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State regulators launch crackdown

In the United States and Canada, state regulators are launching a crackdown on what they call fraudulent investments linked to cryptocurrencies.

These include for example unregistered securities offerings that promise the investor big returns but do not inform about the risks involved, but also suspicious cases of ICOs. In total, about 70 investigations have been opened in the sweep across North America, Washington Post reports.

Bitcoin heading for $25,000?

The crypto expert Tom Lee from the investment research firm Fundstrat predicted that bitcoin would rally 70 percent during the New York Blockchain Week recently. But the cryptocurrency did not.

However, Lee sticks to his previous prediction that the bitcoin price will reach $25,000 before the end of this year, Cointhud writes.

Red numbers

If we look at the markets we find mostly red numbers. Among the biggest cryptocurrencies, eos (-6.26%) and bitcoin cash (-5.71%) dropped the most.

The ones that performed the best were factom (+11.90%) and cybermiles (+9.93%), while holo (-15.02%) and bitcoin private (-12.01%) were the biggest losers during the last 24 hours.

Prices the last 24 hours

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