November 25, 2020

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Crypto news of the Day (6.2.) | CME CEO: People use Bitcoin as they use gold • CoinFlip launches Stellar on its 450 crypto ATMs • and more

3 min read
Crypto news of the Day (6.2.) | CME CEO: People use Bitcoin as they use gold • CoinFlip launches Stellar on its 450 crypto ATMs • and more

Here you can find an overview of the most important crypto events in the last 24 hours.

 

Markets

Bitcoin and all other cryptocurrencies continue to grow, with some altcoins showing growth of over 5%. Bitcoin’s dominance continues to decline in favor of altcoins. The mood in the markets swung to Greed, ie people want to buy rather than sell.

 

You can monitor the current cryptocurrency prices – here.

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Cryptocurrencies

 

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Blockchain / Technology

 

Regulations

 

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CEO CME: People use Bitcoin just like they use gold

 

Terry Duffy, CEO of CME Group, revealed during the interview that people are now “using bitcoins similar to using gold” as an asset to a safe haven. In an interview with CNBC’s Closing Bell, Duffy compared the flagship cryptocurrency with precious metal, which has been considered a safe haven for thousands of years. While the price of BTC is rising, stock markets are shaken. Duffy’s words responded to the question about BTC’s price performance this year, as the cryptocurrency increased by 30% in January. This is the best performance in the first month of the year since 2013. Some analysts believe that the price of BTC has risen due to the outbreak of coronavirus, which has shaken the markets, especially in Asia.

 

Trader says we’ll regret if we don’t buy ETH for $ 200

 

Kryptotrader and commentator Josh Rager pointed out that with all the bull news around Ethereum, the price of $ 200 is now absolutely nothing. The bulls can now rejoice again, because ETH has finally recovered above the psychological level of $ 200, after 5 long months. Veteran merchant Josh Rager pointed out that at $ 200, ETH is still 85.88% lower than the record highs of $ 1,417.38 in January 2018 and could be a great purchase in the long term.

 

 

CoinFlip introduced Stellar on its 450 crypto ATMs

 

According to co-founder and CEO Daniel Polotsky, CoinFlip customers can now purchase Stellar Lumens (XLM) on CoinFlip ATM machines. CoinFlip operates about 450 crypto ATMs at gas stations and convenience stores throughout the United States, allowing customers to purchase various cryptocurrencies using credit cards. It also operates 40 bidirectional ATM locations where users can exchange their cryptocurrencies for cash (USD).

 

Transparent Systems raised $ 14 million in the second round of funding

 

Transparent Systems, a Seattle-based fintech startup that develops a decentralized real-time crypto currency payment network, closed the second round of funding and raised $ 14 million. Companies such as Pantera Capital, Jack Dorsey Square, IDEO Colab Ventures and CMT Digital participated.

 

If you want to provide crypto services in Germany, you need to register

 

In his last instruction issued in January, the German regulator stated that companies that already deposit digital assets in the form of custody services to Germans will not be penalized for not having a license. But these companies must also announce their intention to apply for a license by March 31 and apply for a license by November 30. Germany has proposed a law in response to the European Union’s fifth Anti-Money Laundering Directive (AMLD5), which requires crypto companies to demonstrate compliance with enhanced know-your-customer (KYC) and money laundering (AML) procedures.

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