Summary:
- HTC launches its first blockchain-based smartphone
- Taiwan prepares regulations concerning ICOs
- Bitcoin (BITCOIN on xStation5) jumps to above $6400 once again
Investors in the crypto market kicked off Wednesday’s trading rather calmly as most of major virtual currencies have not experienced any more noticeable price movements. However, major cryptocurrencies slightly increased over the past 24 hours. Moreover, Ripple (RIPPLE on xStation5) and Dash (DASH on xStation5) saw the significant rises around 3% since yesterday. The capitalization of the cryptocurrency market sits a notch above the $210 billion handle while the market capitalization of the most popular digital currency stands nearly the $113 billion mark. Today, we present news concerning remarks of the chairman of the Taiwanese securities regulator as well as a new blockchain-based HTC’s smartphone.
BITCOIN has seen the slight increase recently. The cryptocurrency is trading around the $6400 handle and moving a little above 8- and 33-period moving averages on the H4 interval (yellow and purple lines on the chart) at press time. Source: xStation5.
The first report concerns Taiwan where Wellington Koo, the chairman of the national securities regulator, revealed that Taiwanese regulations concerning ICOs were being drafted. According to the Taipei Times, the regulations will be completed by June 2019. What’s interesting, Koo claimed the new national standards will make initial coin offerings (ICOs) as easy and liquid as investing in stocks. However, the Taiwanese regulations will not probably concern all types of tokens as the Taiwan’s Financial Supervisory Commission (FSC) has not the intention to regulate utility tokens.
ETHEREUM has been oscillating around the $200 mark for the week. On Wednesday morning the virtual currency, with the second largest market capitalization, is fluctuating in the vicinity of the mentioned handle which coincides with both the 8- and 33-period moving averages on the H4 chart (yellow and purple lines). Source: xStation5
Another piece of news also comes from Taiwan as HTC, the Taiwanese tech giant, officially announced the early access of the new crypto-related smartphone, called Exodus 1, which is based on blockchain technology. What’s more, the new HTC’s phone can be purchased only using two cryptocurrencies, Bitcoin and Ethereum, for 0.15 BTC or 4.78 ETH. Exodus 1 is available in over 30 countries, including the United States, the United Kingdom, Hong Kong, and Singapore. However, the blockchain-based phone is not available in China where cryptocurrency trading is forbidden.
DASH has seen one of the largest increase so far today. Source: xStation5
