Bitcoin price LIVE: BTC inches closer to $ 7k – Recovery of cryptographic market has been recovered? | City and business | Finance



Hello and welcome to our continued coverage of all things cryptocurrency, including price, regulation, innovation and financial crime.

A positive start to the week sees the bitcoin and the rest of the market emerge in the green, while the graphs show bulls pushing up prices.

Bitcoin rose 2.69%, trading for $ 6.916.40, from 7 am this morning.

Ethereum increased by 2.47% traded for $ 285.82.

Ripple rose 3.38% to trade for $ 0.340703.

Litecoin rose 4.01% to trade for $ 60.28.

Confidence seems to be flooding in the market as investors await the response of the Securities and Exchange Commission to the proposed Bitcoin Exchange Traded Fund.

All updates are in British Standard Time.

2:00 UPDATE: Zuckerberg's sister joins the advisory committee in the main exchange of cryptocurrencies

Until now, if you read the name Zuckerberg associated with blockchain and cryptocurrency, it is likely to refer to the creator of Facebook Mark Zuckerberg.

However, it is his sister Randi Zuckerberg who signed up to recommend one of the world's largest cryptocurrant exchanges, according to newsbtc.

In a [19659014] press release of early August, Huobi announced his new "team of expert consultants" and among the listed names was Mark Zuckerberg's sister, Randi Zuckerberg. Other important names include Bitmain Jihan Wu's managing director.

The version states that Zuckerberg will provide the expert opinion on the "public chain of Huobi, from the basic technology of the blockchain to its industrial applications, commercial modeling, etc.," and "It will help "during the Huobi Public Chain Leadership Competition.

"The Huobi Chain project will provide individuals and organizations with a reliable financial protocol for value exchange, fundraising, securitization and more, while both private and public networks are decentralized peer-to-peer networks , the network within the public chains is completely open, so anyone can join and participate. "

12.30 UPDATE: Neon Exchange ICO begins September 3

The NEX team announced that the sale of tokens is scheduled for a week.

The company has obtained regulatory approval from the Liechtenstein Financial Market Authority (FMA), becoming the first regulated security token in Europe and one of the first and few regulated securities in the world.

Round 1 of the sale will begin on Monday 3 September in the first block after 18:00 UTC and will end on Friday 7 September in the last block before 18:00 UTC.

9.40 on: UPDATE: Brave Browser app, downloadable from Crypto, has downloaded 10 million times on Google Play Store

Brave Software has announced that its namesake Web browser has been downloaded from Google Play Store 10 million times, doubling its user base in just four months. [19659004] This was revealed in a post on his official Twitter handle last Friday.

The ad blocking browser, which rewards readers and content publishers with the Basic Attention Token (BAT), aims to revolutionize this model of monetization of internet content, which depends on advertising revenue, monitoring of user behavior and the sale of user data.

7.50am UPDATE: Bitcoin at the end of 2018 with an increase in "explosive" prices, says Thomas Lee

Mr Lee of Fundstrat Global Advisors said that there is an "important correlation" between markets emerging and bitcoin.

Speaking to CNBC, Mr Lee said: "In general, we think the fundamental and mining factors as the network effect really bring to the value of bitcoin.But the macro factors have an effect on the value of the network. "

Mr Lee refers to a chart showing two lines: the MSCI index of emerging markets relating to the S & P and bitcoin price.

He said: "EM actually rallied towards the end of the year we had a huge bitcoin rally and since EM fell, we saw the bitcoin fall sharply.

" You could ask for it & # 39; what is the connection? Why do we think they are connected? & # 39 ;. Well, there are two factors.

"The first is made up of hedge funds, which usually sell emerging market securities, so they risk, they risk, and when they are at risk, bitcoins suffer because they are at risk."

"The second reason has to do with the wealth effect. Wealth effect means that if you are living in an emerging market and you see that your stock market crashes enormously it means you have a lot less money to buy bitcoins in such a way as to affect the net effect because you can not buy bitcoins.

I think there are two reasons why an emerging market index actually affects bitcoin. "

7am UPDATE: BTC skips $ 200 overnight

Bitcoin jumped over $ 200 overnight at an unexplained increase in price. [19659015]

The early hours of this morning saw bitcoins pass from $ 6,766 to $ 6,900 less than an hour.

Analysts have yet to identify the reason for this jump, but follows a bullish trend on the recovery that hit the market in recent days.

A cautious market has caused a significant drop in price, but it seems that prices may be recovering. [19659046] [ad_2]Source link