Mitsubishi UFJ Financial Group to launch own crypto

April 10, 2019

Cryptocurrency assets consolidated on Tuesday at previously achieved levels. The price of Bitcoin has not changed at all and has remained near the level of $ 5,200. Ethereum fell to a level of 177 dollars, and XRP to a mark of 0.3510 dollars.

Yesterday, Facebook announced its intention to attract funding in the amount of a billion dollars to develop its own cryptocurrency. This amount of funding will require Facebook to provide stablokina real money. According to some reports, a new steablockcoin will be tied not to a specific fiat currency, but to a whole basket of currencies, which will reduce the token volatility. The emergence of Facebook Coin may cause additional interest in the cryptocurrency market and attract a large number of new members.

The main cryptocurrencies on Wednesday continue to grow gradually amid the news that the largest bank in Japan, Mitsubishi UFJ Financial Group, is preparing to launch its own cryptocurrency by the end of the year. Against the background of this news, Bitcoin, according to Libertex, at 9.30 a day went up by 1.22% - to 5259 dollars with a capitalization of 92.8 billion dollars. Ethereum by this time added to the price of 2.31% and rose to 181.9 dollars with a capitalization of 19.2 billion dollars. XRP has strengthened by 1.41% - to $ 0.354, its capitalization has reached the level of $ 14.9 billion. Litecoin grew by 0.56% to $ 88.8 with a capitalization of $ 5.4 billion.

The largest bank in Japan, Mitsubishi Financial Group, also announced plans to launch its own cryptocurrency by the end of 2019. The token will be tied to the Japanese yen, the opportunity to exchange fiat money for a new cryptocurrency via the bank's application will be realized. In February of this year, the bank announced the launch of the Global Open Network payment blockchain platform, and now plans to become the first Japanese bank to issue its own cryptocurrency.

The China National Development and Reform Commission has recommended that the authorities ban the Bitcoin mining in the country. At the moment, the Commission identifies Bitcoin mining as an undesirable industry and recommends that it be completely banned along with similar industries. The statement of the Commission is advisory in nature and it is unclear how much it can affect the real mining sector in China, which remains the largest in the world.

The total market capitalization has reached $ 182.8 billion. From a more significant growth cryptorok keeps a message about a possible ban mining cryptocurrency in China. The country has banned ICO operations as far back as 2017. Probably, in the short term, cryptocurrency will continue to grow moderately, financial scouts believe. In our forecast for today, we assume further strengthening of the Bitcoin price to the levels of 5230, 5250 and 5300 dollars, growth of Ethereum to the levels of 178, 180, 183 dollars, and growth of the XRP price to the levels of 0.3550, 0.3580 and 0.3600.

Cryptocurrency: Bitcoin

Cryptocurrencies grow on the partial cancellation of advertising ban
Cryptocurrencies grow on the partial cancellation of advertising ban

On Friday, the main cryptocurrencies are actively growing, and Bitcoin has risen above $ 6,000 first since November...

Binance Coin rate dropped the most on hacker attack
Binance Coin rate dropped the most on hacker attack

The attack had a slight effect on the top ten cryptocurrency quotes, and the Binance Coin rate dropped the most. The largest cryptocurrency exchange, Binance...

Cryptomarket declines after hacker attack on Binance
Cryptomarket declines after hacker attack on Binance

On Wednesday, the main cryptocurrency is declining in price amid reports of a hacker attack on the Binance stock exchange on...

Bitcoin rose to the level of $6000
Bitcoin rose to the level of $6000

The sharp rise in the price of Bitcoin, which almost reached a key resistance level of $ 6,000, continued on Tuesday. Observers are confident that as soon as institutional capital begins...


Ethereum leads the crypto market up
Ethereum leads the crypto market up

Ethereum is supported by rumors about the forthcoming launch of regulated futures on Ethereum. According to market information, the United States Commodity Futures...

Bitcoin overcame $5700 resistance level
Bitcoin overcame $5700 resistance level

The price of Bitcoin has overcome the resistance level of $ 5,700 and reached the mark of 5,770. At the same time, the Bitcoin domination index reached 55%...

XRP drags down cryptocurrency market
XRP drags down cryptocurrency market

The main cryptocurrencies on Monday are slightly decreasing in price against the background of a number of negative news for XRP. In particular, the Central Bank of Singapore...

Tether supported by only 74% dollar reserves
Tether supported by only 74% dollar reserves

The company Tether officially confirmed that stablecoin supported by cash reserves only 74%, and customers deliberately were not informed. At the moment...