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Bitcoin Hits Nine-Month High Amid Global Financial System Worries
This Monday, as worries about a lingering banking crisis spread, the price of Bitcoin jumped by as much as 4%, reaching its highest level in nine...
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Here are the most important news from the crypto world during the past 24 hours.
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.
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.
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.
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.
Asset: | Price: | % (24h) |
Bitcoin | $8 335,18 | -2,21% |
Ethereum | $695,13 | -3,12% |
Ripple | $0,677646 | -3,14% |
Bitcoin cash | $1 199,57 | -5,71% |
Eos | $13,08 | -6,26% |
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