Daily crypto: Green numbers and US suspends trading with Swedish XBT certificates

Daily crypto: Green numbers and US suspends trading with Swedish XBT certificates.

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Christian Ploog

christian.ploog@trijo.co

All the major cryptocurrencies show green numbers in the last 24 hours.

On Sunday, the U.S. Securities and Exchange Commission (SEC) issued an order seeking to temporarily suspend trading with two crypto certificates – exchange-traded notes (ETNs) – issued by the Swedish company XBT Provider.

The certificates have been traded on the Stockholm stock exchange for several years and were introduced in the US in mid-August.

The reason for the suspension is a “confusion amongst market participants” in the United States regarding the nature of the financial instruments. According to the SEC, trading in the XBT certificates on the Stockholm stock exchange will not be affected, Coindesk reports.

Terrorists prefer cash

Although there have been cases where terrorists attempted to collect money via cryptocurrencies, those cases are extremely rare. Instead, they prefer to use regular money. This is what Yaya Fanusie, director of analysis for the Foundation for Defense of Democracies, said recently in a prepared testimony given before the United States House of Representatives Financial Services Committee, Bitcoin News reports.

Markets show green numbers

On Sunday, the bitcoin price rallied – from $6,188 to $6,451 – in just three minutes. On Monday, bitcoin (+1,71%) was traded at the fairly stable level of $6,300.

Almost all of the major cryptocurrencies show green numbers in the last 24 hours. The ones who gained most in value were eos (+5,97%) and ethereum (+3,54%). Xrp (–0,29%) saw a slight dip.

The cryptocurrencies on top 100 that performed the best during the last 24 hours were bitcoin diamond (+14,69%) and dash (–12,45%), and the ones that performed the worst were rchain (–5,07%) and digixdao (–1,17%).

Asset: Price: % (24h)*
Bitcoin $6 342,92 +1,71%
Ethereum $199,36 +3,54%
Xrp $0,277146 –0,29%
Bitcoin cash $483,08 +2,41%
Eos $5,07 +5,97%

*All numbers in this article are from Coinmarketcap.com.

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