Daily crypto: Bitcoin trades under $9,000 and Japan wants to stop private coins

Japanese regulators wants to stop private coins from being traded on exchanges.

Image source: Wikimedia Commons/Monero/Bitcoin Private/Shutterstock/Trijo News

Totte Löfström

totte.lofstrom@trijo.co

The crypto markets continue down, as most cryptocurrencies lost in value the last 24 hours. It has also been reported that Japanese authorities have been contacting exchanges to try to stop trading of private coins.

The Japanese financial regulator is said to be pushing cryptocurrency exchanges to stop trading of anonymous cryptocurrencies like monero and zcash. This was first reported by Forbes. The explanation is said to be concerns over money laundering, drug trafficking and other illegal activity. Many in the crypto community are now concerned that this type of discussions will spread to other parts of the world as well.

It has also been reported that the European Union plans to fight fake news with the help of blockchain technology. It is still unclear how they plan to do this, but according to a memo sent by the European Commission, they have high hopes that the traceability and transparency of the blockchain will make it easier for the news consumers to determine what is true online.

Most cryptocurrencies show red numbers as the recent days of decline continues. Bitcoin (-3,94%) is once again traded under $9,000, while all of the top five biggest cryptocurrencies are in the red as well. The biggest loser was eos (-12,03%) and bitcoin cash (-9,02%), but ripple (-5,79%) and ethereum (-4,55%) did not perform much better.

On the top 100 bitcoin private (+30,07%) och verge (+8,82%) gained the most, while the biggest losers was centrality (-14,17%), iostoken (-13,13%) and dentacoin (-13,10%).

Prices the last 24 hours

Asset Price % (24h)
Bitcoin $8 962,21 −3,94%
Ethereum $653,48 −4,55%
Ripple $0,807397 −5,79%
Bitcoin cash $1 280,64 −9,02%
Eos $16,94 −12,03%

Follow Trijo News on FacebookTwitter and Telegram.

Keep up with the latest news

Read more