The rundown: Bitcoin and all major cryptocurrencies (except Litecoin which was up 2.66%) were down today in the morning; Bart Smith, a Wall Street trader, thinks that Bitcoin is the best bet for crypto investors; India is not going to completely ban cryptocurrencies; the Opera web browser is offering a built-in crypto wallet to Android users; the London School of Economics launches an online cryptocurrency course; and more.
Here is what is happening in the cryptocurrency market on Wednesday.
In the News
Bart Smith, head of digital assets at trading firm Susquehanna International Group, sees Bitcoin as the best bet for crypto investors. Smith told CNBC that: “If you want to own the asset that you can actually use today and that people are functionally using, it’s bitcoin.” He added: “The use case for Bitcoin is valid today, which is the currency of the internet.”
India is not going to completely ban cryptocurrencies. A senior government official told Quartz that the government isn’t “really thinking of banning” cryptocurrencies. “The issue here is about regulating the trade and we need to know where the money is coming from. Allowing it as (a) commodity may let us better regulate trade and so that is being looked at,” according to the source who requested anonymity. The Indian government has set up a finance ministry panel to study virtual currencies.
Opera, a web browser for Windows, macOS, and Linux operating systems, is offering a built-in crypto wallet for android users. The new version of the Opera browser combines easy-to-use crypto wallet functionality with support for Ethereum apps or Dapps. This will make Opera the first major web browser to introduce a built-in crypto wallet.
Starting in August, the London School of Economics is offering an online cryptocurrency course, The Financial Times reported. The course, Cryptocurrency Investment and Disruption, will allow students to “learn the practical skills to interact with cryptocurrency exchanges – including how to use wallets and evaluate the analytics of an ICO (initial coin offering),” the famed school said in a statement.
The American Enterprise Institute, a conservative think tank based in Washington, D.C., believes that cryptocurrency exchanges should be self-regulated, according to CryptoVest. The political think tank says that the market should be given a chance for self-regulation.
GoNumerical Ltd., a Canada’s cryptocurrency exchange known as Coinsquare, and blockchain investment bank DLTA 21 Blockchain formed a strategic partnership to launch a centralized cryptocurrency trading platform in Japan. The partnership will combine Coinsquare’s digital currency trading platform technology with DLTa21’s Japan and Canada based team of experts in trading, compliance, and blockchain / distributed ledger technologies. The new trading platform will be launched under the DLTa21X brand name after receiving all required regulatory approvals in Japan.
Cryptocurrency Prices Today
Bitcoin (BTC) is down 1.49% over the past 24 hours, trading at $6,355.58 (at the time of writing this article.)
Ethereum (ETH) is trading at $437.07 in the morning, down 2.02% over a 24 hour period.
EOS tumbled 7.69% over the past 24 hours, trading at $6.96.
Ripple (XRP) is trading at $0.4456, down 1.26% over a 24 hour period.
Litecoin (LTC) is trading at $77.90, up 2.66% over a 24-hour period.
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