Summary:
- Deutsche Börse creates unit dedicated to blockchain
- Australian Securities Exchange postpones launch of the blockchain-based settlement system
- Bitcoin (BITCOIN on xStation5) struggles to clearly break above the $7300 handle
Tuesday has started equivocally on the cryptocurrency market. Over the past 24 hours cryptocurrencies’ trading was a bit mixed. Ethereum went down, Bitcoin and Ripple stayed almost unchanged and Litecoin jumped about 6%. No wonder that today’s capitalization of the cryptocurrency market stands close to where it was yesterday (a little above $235 billion). The capitalization of altcoins stays a notch above $110 billion. In today’s news flow one can find reports concerning new Deutsche Börse’s blockchain department as well as some information from Australia.
No major price movement occured on the BITCOIN chart since yesterday. The most famous cryptocurrency keeps struggling to clearly break above the $7300 area that has limited upward movement since Sunday. Source: xStation5
Firstly, let’s mention German stock exchange’s new dedicated unit for blockchain and digital assets. The new department, called “DLT, Crypto Assets and New Market Structures”, is aimed at exploring a potential for the application of the blockchain technology. What’s more, Deutsche Börse has been exploring blockchain-based opportunities and projects for some time already as reported in a press release. For this purpose, the German exchange collaborated with some international securities depositories and the Deutsche Bundesbank (the German central bank).
ETHEREUM is trading in the vicinity of the $280 handle at press time after plunging towards the $275 mark over the night. Virtual currency resides around the 8- and 33-period moving averages on the H4 chart (the yellow and purple lines on the chart). Tuesday seems to be another insipid day for this digital asset. Source: xStation5
Secondly, let’s move to Australia. According to the report released on Tuesday, the Australian Securities Exchange (ASX) has delayed an implementation of a blockchain settlement system. The postponement is caused by public feedback as ASX received 41 written concerns from different stakeholders. The pace of implementation was named as a reason in many cases. The Australian exchange has postponed the integration from late-2020 to the first quarter of 2021. The new blockchain system will replace current settlement system, named CHESS (Clearing House Electronic Subregister System), that served ASX for the past 25 years.
LITECOIN broke above its last week’s high localized a notch below the $67 handle. At press time, the digital currency is fluctuating subtly above the mentioned level. Source: xStation5
