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.
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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 $220 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 purple 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. At press time, the cryptocurrency trades in the vicinity of $185. Source: xStation5
