Majority of crypto investors would like to receive salary in cryptocurrencies

14 September 2018

This content has been created by X-Trade Brokers Dom Maklerski S.A.

Summary:

  • Hong Kong’s jeweler to launch blockchain-powered diamond verification app
  • Two thirds of crypto investors are eager to receive salaries in virtual currencies
  • Ethereum (ETHEREUM on xStation5) trades in the vicinity of $200 handle

Investors launched Friday’s trading rather calmly as major cryptocurrencies (except Ethereum) have not experienced any major movements so far. Ethereum, yesterday’s top gainer, has moved just a 1.5% higher today. The capitalization of the whole market struggles to break above the $200 billion mark, and it stands a notch below this level at press time. Furthermore, the Bitcoin market capitalization sits at levels similar to yesterday’s. Today, we cover news concerning blockchain-based jewellery app as well as another survey conducted among crypto investors.

ETHEREUM has surged from around $160 to nearly $220 during the past two days. The cryptocurrency with the second largest capitalization is trading a notch above the $200 handle at press time. Source: xStation5

The first piece of news comes from Hong Kong, where Chow Tai Fook, a local jewellery company, has reached agreement with Gemological Institute of America (GIA) to launch a blockchain-powered app. The mentioned system will allow customers to verify origin and authenticity of diamonds. What’s interesting, De Beers, the famous international diamond company, has also started implementing blockchain technology to verify such type of precious gems.

BITCOIN experienced a significant decline from around $6550 to below $6350 earlier today but the cryptocurrency has recouped a part of losses since. The virtual currency is fluctuating around the $6425 handle and a notch above its 8-period moving average on the H4 interval (a yellow line) at press time. Source: xStation5

Secondly, let’s mention a survey conducted among cryptocurrency investors. Namely, Chronobank, the startup company, has asked 445 crypto enthusiasts whether they would like to be paid in cryptocurrencies. According to the results of the survey, 66% of crypto investors would like to receive salaries in virtual currencies. However, only 30% of surveyed think that companies in their countries will pay employees with digital assets. Additionally, 52% of respondents are willing to pay taxes related to their crypto revenues.

DASH has plunged towards the $180 mark today. During the downfall the coin surpassed both 8- and 33-period moving averages on the H4 interval (the yellow and purple lines). At press time, the cryptocurrency trades in the vicinity of $185. Source: xStation5

This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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