Summary:
- House Republican leader proposes using blockchain in the US Government
- CBOE will not add Bitcoin futures in March
- Bitcoin closed yesterday’s trading higher
Thursday’s trading produced a quite mixed picture of the cryptocurrency market. The largest virtual currency Bitcoin managed to reach a gain, but Ripple dropped slightly. However, major digital currencies have moved slightly higher during the first part of Friday’s trading. According to CoinMarketCap, the capitalization of the whole cryptocurrency market stands a little below the $167 billion handle whereas the market capitalization of virtual currencies excluding Bitcoin sits a little above the $67 billion mark at press time.
Bitcoin (BITCOIN on xStation5) managed to produce a gain during yesterday’s trading. Moreover, the largest digital currency has launched Friday higher, and it is moving a little above the $3880 handle at press time. Source: xStation5
Republican Party’s McCarthy proposes using blockchain in the US Government
The House Minority Leader Kevin McCarthy called to assess whether blockchain technology could improve the US Government’s processes. McCarthy said during a speech before the Select Committee on the Modernization of Congress that “blockchain is changing and revolutionizing the security of the financial industry”. The House Minority Leader encouraged to check whether this technology could also make the transparency of our legislative process better, as the McCarthy’s website reports.
Ethereum (ETHEREUM on xStation5) was moving quite flat yesterday. However, the second largest cryptocurrency has increased slightly so far today. Note that Ethereum has not distanced more significantly from its 50-period moving average (a light green line) on the daily chart. Source: xStation5
CBOE won’t add new Bitcoin futures this month
The Cboe Futures Exchange (CFE) announced yesterday that it would not add new Bitcoin futures in March 2019. The CFE “is assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading”, as the CFE’s release says. While the company does not want to add new future it also said that currently listed Bitcoin futures contracts would remain available for trading.
Ripple (RIPPLE on xStation5), unlike Bitcoin, did not manage to produce a rise during Thursday’s trading. However, the virtual currency has experienced a slight increase during the first part of Friday. As a result, Ripple is trading a little above the $0.31 handle at press time. Source: xStation5
