Leading bank JP Morgan has launched JPM Coin, a blockchain-based token that is used as a settlement layer for their wholesale payments business. The lender’s wholesale payments business moves over $6 trillion daily around the world.
The G20, an international forum for governments and central banks, has recently signed a declaration to regulate cryptocurrencies. The declaration was signed in Buenos Aires and covers many topics involving tax evasion, anti-money laundering, anti-terrorism, and public policy.In Section 25, the declaration explicitly mentions cryptocurrencies:“We will step up efforts to
As the cryptomarket progressed through much of this year, a jump in volatility and a wave of bearish sentiment, following December’s broad-based cryptomarket rally, led to plenty of debate on whether Bitcoin and the broader market gains to record highs back in December was just a bubble ready burst.Certainly, when
Ethereum (“ETH”) has been having a tough time of it of late, with ETH/USD falling by 0.45% on Monday, following on from a 0.19% fall on Sunday, to end the day at $208.77.
The volatility seen through the much of the year contributed to the uptick in volumes as investors and traders from other asset classes were drawn in to trade the daily swings that were sizeable when comparing to even the more exotic currencies and the global equity markets.
Following a mixed week last week, a bearish start to the week could weigh should the majors fall below key levels.
Tron led the way in what was a relatively bearish week last week and things have not got much better for the broader market at the start of this week… More losses or a rebound on the cards?
Can increased adoption across a number of the crypto majors restore some faith in the broader market and deliver the beginnings of a recovery?
It’s a bearish start to the week for the majors, a recovery by mid-week needed to avoid heavier losses and slide through the week’s major support levels.
There’s upward momentum mid-week, with Ethereum needing a move back through to $140 levels to support a run at $160 later in the week.
|Williams %R (14)||-62.6423|
|Stochastic RSI (14)||33.3333|
|Ultimate oscillator (7,14,28)||48.2823|
|Stochastic Fast (14)||37.3577|