Fintech Mining Review of the Market September 6, 2018

MARKET UPDATE

GOLDMAN SACHS DROPS PLAN TO OPEN BITCOIN TRADING DESK, FOR NOW

According to Business Insider, Goldman Sachs has dropped plans to launch a cryptocurrency trading desk in the near future. Reportedly, the bank has decided to sideline its plans due to the regulatory framework for crypto which is still unclear on several aspects. Despite the recent announcement, Goldman Sachs will still focus on developing its crypto custody service which will allow the bank to hold cryptocurrencies on behalf of large fund clients. The news outlet stated:
“But for now, Goldman is focusing on other projects such as a custody product for crypto, which would mean that the bank holds cryptocurrency and, potentially, keeps track of price changes on behalf of large fund clients. Many market observers have said that for large institutional firms to get comfortable trading bitcoin, there need to be reputable custody offerings to safeguard holdings.”
COINBASE PRO LAUNCHING NEW GBP TRADING PAIRS
Yesterday, the General Manager for Coinbase Pro, David Farmer announced that the company will soon launch new GBP trading pairs for Ethereum (ETH), Ethereum Classic, Litecoin (LTC) and Bitcoin Cash (BCH) in addition to Bitcoin. In accordance with the announcement, the new trading pairs will be added on the 7th of September and will go through three stages to the launch as stated by Farmer:
“Post-only. In the first stage, customers can post limit orders but there will be no matches (completed orders). Order books will be in post-only mode for a minimum of 10 minutes. Limit-only. In the second stage, limit orders will start matching but customers are unable to submit market orders. Order books will be in limit-only mode for a minimum of 10 minutes. Full trading. In the final stage, full trading services will be available, including limit, market, and stop orders.”
TWITTER CEO TELLS CONGRESS IT’S EXPLORING BLOCKCHAIN TO HELP FIGHT SCAMS
Yesterday, Twitter CEO Jack Dorsey, told a Congressional committee that Twitter is exploring blockchain technology to overcome scams and misinformation. When asked about their previously expressed interest in the broad applications of blockchain technology and what potential applications he sees for blockchain, Dorsey answered:
“We haven’t gone as deep as we’d like just yet in understanding how we might apply this technology to the problems we’re facing at Twitter, but we do have people within the company thinking about it today.”
Thank you for reading this FinTech Mining Review of The Market, keep reading for more information.
Bitcoin – is down 13.17% at $6,412.600 with a volume of Ƀ164.0k – $1111.9M on the USD pairs.
Bitcoin Cash – is down 7.94% to Ƀ0.07833 with volumes of Ƀ19.3k and down 20.09% against the dollar at $501.41.
Zcash – is down 5.93% for the day to Ƀ0.01997 per ZEC and down 18.15% against the dollar to $128.09 with an average volume of Ƀ3.0k for the 24 hour period.
Litecoin – is down 18.55% against the dollar for the day at $55.29 and down 6.29% to Ƀ0.008619 on volumes of Ƀ13.6k.
Dash – is down 12.06% at Ƀ0.02617 with Ƀ6.4k volume and down 23.57% against the dollar at $167.51.
Monero – is down 20.77% against the dollar at $110.09 and down 8.55% against Bitcoin at Ƀ0.01721 on volumes of Ƀ5.0k.

Comments

Post a Comment

Popular posts from this blog

FinTech Mining Review — Definitely A Worthwhile Investment

Coming from the world of construction the Digital coin world was uncharted water for me, about 7 months ago I started trading with a few different coins. Around 3 months ago I decided to put it all into Bitcoin because I did not really know what I was doing or what Bitcoin really was. Before I found FinTech Mining I thought that in order to mine you had to buy these big computers that take up most of your house and consume loads of energy, but then I was introduced to cloud mining. And their FinTech Mining Review of the market section also helped a lot to analyze the market. Cloud mining it when you mine for cryptocurrencies using someone else’s computer equipment, this means that anyone is able to mine for Bitcoin and other mineable coins. When I found out about this I instantly wanted to invest with FinTech Mining, but I didn’t have any available funds. I was speaking to someone from FinTech Mining who let me know that I was able to purchase one of the contracts using a Bitcoin a
Read more

FinTech Mining Review — Cloud Mining Company

FinTech Mining is a cloud mining company, yeah I also did not know what that was before I started mining with FinTech Mining. FinTech Mining gave me a change to mine Bitcoin without me having to do anything, which means that I never had to go out and buy all the hardware that is needed for mining. Their easy-to-use platform made monitoring my progress stress-free. I even had one of their representatives call me up to explain how everything works and how to use their website. He also sent me a few emails with videos and articles which explained exactly what Digital Coins and mining is. I was taught the fundamentals of the market and what to expect from it. And their FinTech Mining Review of the market section also helped a lot to analyse the market. At the beginning when I was trying to make my original purchase I was having difficulties with my card, after trying three to four times I got a call from one of the representatives working at  FinTech Mining . She explained to me e
Read more