Summary:
- Hong Kong Stock Exchange considers regulating cryptocurrencies under existing rules
- Glassdoor: Cryptocurrency job market grows strongly
- Bitcoin futures on NYSE owner’s platform will start to list in December
Tuesday’s trading in the cryptocurrency market has started with rather slight downbeat moods. However, a majority of the most famous virtual currencies has traded close to their yesterday’s levels. The capitalization of the whole market stands a notch above the $209 billion handle while the most famous virtual currency accounts for 53.6% of the mentioned value. The reports presented today concern topics such as the Glassdoor’s crypto-related report and the Hong Kong Stock Exchange’s research paper.
First of all, the Hong Kong Stock Exchange (HKEX), the sixth largest stock exchange in the world, published its research paper on October 18 in which it considered regulating virtual currencies under existing financial rules. HKEX claimed current laws of finance should be used for FinTech companies as they are similar in many fields to traditional financial services.
Tuesday is another quiet day for BITCOIN as the most popular cryptocurrency is moving rather flat. In general, BITCOIN has been trading within the range between $6325 and $6450 since the beginning of the previous week (excluding the one-off Monday’s jumps). Source: xStation5
Secondly, it is worth noticing that Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, said on Monday that physically settled bitcoin futures contracts would start to list on its crypto trading platform on December 12, waiting for regulatory approval. Intercontinental Exchange revealed this idea some time ago, but now it announces the official launch date. The ICE’s crypto trading platform, called Bakkt, has to be “an open and regulated, global ecosystem for digital assets”, according to the ICE’s press release from August.
LITECOIN, like a majority of major coins, declined over the past 24 hours. The cryptocurrency is fluctuating in the vicinity of the $52 handle and moving a notch below both the 8- and 33-period moving averages on the H4 chart (yellow and purple lines) at press time. Source: xStation5
Last but not least, Glassdoor, the American website gathering employees’ reviews about their past and current companies, published a crypto-related report in which it placed some interesting figures about the crypto job market. According to the Glassdoor’s report based on data from August 2018, blockchain-related job openings in the United States increased nearly 300% on a yearly basis. Namely, 1775 American job openings containing the words “Bitcoin”, “cryptocurrency” and “blockchain” were found compared to 446 job openings over the same period last year. It appears to show a growing demand in the crypto job market.
