Stable cryptos; The co-founder of Ethereum Lubin states that the blockchain can add wealth


The prices of the cryptocurrency are marginally traded higher to start the week.


BTCUSD, + 0.54%

the world's largest digital currency, it was the last to reach $ 6,381.71, up 0.6% from Sunday at 17:00. Eastern Time on the Kraken exchange. Over the weekend, the price of a single bitcoin has slipped below $ 6,300 for the first time since October 31st.

Decentralizing technology will generate wealth, says Lubin

Speaking Monday at the New York Times luxury conference, Joseph Lubin, the co-founder of ethereum, said the blockchain technology that supports all cryptocurrencies has the potential to create wealth.

"We will have more control over our identity and our agency on these different decentralized networks and I think it will create more wealth … more interest in expressing ourselves, and I think there will be more appetite for luxury than less" Lubin said .

Since the founding of the popular blockchain, the Canadian entrepreneur is now the CEO of the ConsenSys software manufacturing company.

To read: Bitcoin could be an unlikely winner in the mid-term elections

What are altcoin and futures doing?

Altcoin, coins other than bitcoins, moved higher in the Monday trade. Ether,

ETHUSD, + 1.00%

rose 1.4% to $ 210.72, Bitcoin Cash

BCHUSD, + 0.98%

rose by 1.4% to $ 526.90, Litecoin

LTCUSD, + 0.44%

had gained 0.3% to $ 50.57 and XRP,

XRPUSD, + 4.68%

rose 0.6% to 50 cents.

After closing last week in red, bitcoin futures opened higher on Monday. The November contract for Cboe Global Markets

XBTX8, + 0.48%

rose 0.6% to $ 6.355 and the CME group's November contract

BTCX8, + 0.16%

it was up 0.4% to $ 6,360.

To read: Bitcoin trapped in a narrower range of the Mexican peso, the Brazilian real and other popular currencies

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