Money Thanks to Bitcoin soaring: crypto market rises to 400 billion dollars
Ripple threatens with consequences if the regulatory climate for cryptos in the USA does not improve
Ripple, one of the most famous crypto companies worldwide based in the USA, is becoming increasingly frustrated with the US government and the US Securities and Exchange Commission deals with crypto companies. © Provided by Finances.net DANIEL ROLAND / AFP / Getty Images • Current debate on the role of central banks and digital currencies • Ripple frustrated with regulatory climate in the US • Is Ripple turning its back on the US? At least that's what Chris Larsen, CEO of Ripple , told Fortune.
The price of Bitcoin has risen to over 13,000 dollars. As a result, the capitalization of the crypto market will regain its old strength.The Bitcoin rally (BTC) continues at the beginning of the week. With a plus of 0.8 percent, the crypto reserve currency is currently trying to bottom out above the hard-won 13,000 US dollar mark. At the time of going to press on Monday, Bitcoin was trading at $ 13,063, around $ 1,500 higher than a week ago. Bitcoin pulls capitalization up on the overall market
The latest Bitcoin rally has brought fresh capital into the market, the total capitalization of which, currently at 393 billion dollars, is again approaching the threshold of 400 billion dollars. At the beginning of September, the capitalization of the crypto market briefly scratched the symbolic mark, but fell back to 320 billion dollars over the course of the month. However, with growth of around 70 billion dollars to date, capitalization has been rising again since the beginning of October and underlines the upward trend in the crypto market.
Kurt Busch faces must-win to reach NASCAR Championship 4 after early Kansas exit
The likelihood that Kurt Busch would need to win a race in the Round of 8 to reach the Championship 4 became a reality after a blown engine at Kansas.Busch exited the Hollywood Casino 400 just shy of the 200-lap mark when the power unit in his Chip Ganassi Racing No.1 Chevrolet detonated going into Turn 1. A few laps prior, Busch, who was running inside the top five, had begun telling his team he could smell something in the car and felt he was losing power as he lost positions on the leaderboard.
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As can be seen in the above graphic ofBack chairs on the futures market , the big sale in mid-March had left a deep ditch and the total capitalization was just below Crash 130 billion dollars. In other words: In the last seven months, around 260 billion dollars have flowed into the market, and the total capitalization has more than doubled since the Corona crash.
After a relatively quiet previous month, the increasing trading volumes in Bitcoin futures are pointing to a stormy end of the year. The total volume of open interest aggregated on all exchanges, i.e. all open positions, amounted to 5.2 billion dollars on October 25, according toand thus ties in with the trading level of mid-August, when the started The initially unsuccessful attempt to break out above the US $ 12,000 barrier started.
Bitcoin rises sharply after PayPal's entry
The digital currency Bitcoin rose to its highest level since July 2019 on Wednesday. The payment service provider PayPal wants to make the purchase and sale of so-called cryptocurrencies possible. © Jens Kalaene / zb / dpa Paypal customers in the USA will in future be able to trade and store Bitcoin and other cryptocurrencies via the Paypal platform. The price of the oldest and most famous cryptocurrency rose 8 percent to $ 12,854. At the beginning of the week, Bitcoin had cost around $ 11,500.
In the competition for market share, the Chicago Mercantile Exchange has meanwhile achieved a stage victory. With a current volume of $ 791 million, the exchange has moved into second place in the ranking of futures trading venues, ahead of Binance, whose trading volume is $ 707 million. While OKEx still ranks well above the competition with just under a billion dollars, CME has continuously taken over more market shares in recent weeks.
The recent adversities at BitMEX may have contributed a not insignificant part to this. The operators of the exchange are suspected of having circumvented compliance requirements such as know-your-customer (KYC) and anti-money laundering guidelines and ultimately operating an unregistered trading platform. After it became known that both the US Department of Justice and the Commodity Futures Trading Commission (CFTC) were investigating the BitMEX executive floor, the BTC stock exchange reserves collapsed by 27 percent within a few days. The trading volume in Bitcoin futures has also collapsed since then. While open interest was still on average between $ 700 and 800 million in September, it has fallen to around $ 600 million. The author of the article is Moritz Draht.
Staten Island, Trenton blast Yankees' decision to abandon minor-league affiliates .
The Yankees made the decision last week to move their minor-league affiliates from Staten Island and Trenton, and the latter two are not happy.“We were unaware of the final decision and learned about it by reading the statement on Yankees social media," the Staten Island Yankees said, in part, in a statement released Monday.