Bitcoin
BTC$43 122.17

0.96%

Ethereum
ETH$2 962.21

0.70%

Cardano
ADA$2.26

-3.91%

Tether
USDT$1.000745

-0.03%

Binance Coin
BNB$340.66

-3.81%

XRP
XRP$0.936744

-0.87%

SEC should regulate cryptocurrency assets


#Bitcoin

Cryptocurrency assets traded with a slight decrease on Friday. Bitcoin fell to around 4025 dollars, Ethereum fell to a level of 137 dollars, the price of XRP reached the support of 0.3125.

Bitcoin hash rate reached its highest level this week since November 2018. The indicator assesses the total computing power of miners that provide network security. Meantime, the power of the hashrate continues to grow. The growth rate is largely due to the release of a new generation of miners Bitmain Antiminer S17. The high hashrate reduces fears that the mining industry is in decline. Today's hash rate is four times higher than in December 2017, when the price of Bitcoin was at a maximum of about $ 20,000. Sales of new equipment will raise the rate even higher.

A month ago, the Gram token derivative was launched on the Xena Exchange cryptocurrency exchange. During this time, the exhange rate of the coin has quadrupled from 2.2 to 8.25 dollars. Now the daily trading volume of derivatives on the Xena Exchange is $ 100,000. By the end of 2019, the total capitalization of Gram tokens could reach $ 29.5 billion.

The report of the American Analytical Center of the Brookings Institution states that more effective regulation will benefit the cryptocurrency industry. The study noted that the regulation of cryptocurrency assets is not yet under the jurisdiction of any government agency, and that the US Securities and Exchange Commission (SEC) should assume this role. The report assumes that the cryptocurrency technology itself is unsafe and must be regulated.

The report's authors believe that the regulation of cryptocurrency companies "will benefit cryptocurrency investors, further develop new technologies, reduce the use of cryptocurrency assets for illegal payments, and also reduce the risk of cyber attacks." According to their opinion, Bitcoin does not provide the reliable ecosystem that was promised. Analysts say that cryptocurrency assets "created" new financial intermediaries who are less responsible than large banks.

The company Lightning Labs has informed about the release of a new solution, the task of which will be to make the process of accepting bitcoins in the second level network Lightning Network more simple. The development was named Lightning Loop. The initial launch of this innovative solution is aimed at facilitating the acceptance of payments, and for this aim uses a mechanism called Loop Out. It lets customers to widen the bandwidth of receiving funds, unloading their funds from the network, but keeping the channels open. In the following release, the developers are going to to add the feature Loop In, which will allow customers to replenish Lightning channels with the usage of on-line transactions from their wallets or exchanges.

In our forecast for today, we assume a further decrease in Bitcoin to levels 4010, 4000 and 3070 dollars, Ethereum to marks 135, 132 and 130 dollars, and XRP to support 0.3100, 0.3075 and 0.3050.


Related

The Reasons Behind the Current Popularity of Play-to-Earn Games
The Reasons Behind the Current Popularity of Play-to-Earn Games
The Best Composition For Your Cryptocurrency Portfolio in 2021
The Best Composition For Your Cryptocurrency Portfolio in 2021
The Biggest Ponzi Schemes in the History of Crypto
The Biggest Ponzi Schemes in the History of Crypto
The Reasons Why 90% of Crypto Traders Lose Money
The Reasons Why 90% of Crypto Traders Lose Money
Crypto Volatility Index (CVIX): An Essential Risk Management Tool in Crypto Trading
Crypto Volatility Index (CVIX): An Essential Risk Management Tool in Crypto Trading
The Best Cryptocurrency Trading Bots in 2021
The Best Cryptocurrency Trading Bots in 2021
Top Cryptocurrency Exchanges to Trade on in 2021
Top Cryptocurrency Exchanges to Trade on in 2021
The Biggest Misconceptions About Cryptocurrency Markets
The Biggest Misconceptions About Cryptocurrency Markets
Bitcoin Price Prediction for 2025 and 2030. Is One Million Per BTC a Realistic Target?
Bitcoin Price Prediction for 2025 and 2030. Is One Million Per BTC a Realistic Target?

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap Volume 24h
1 Bitcoin (BTC) BTC Bitcoin predictions 82.8% 35 $43 122.17 0.96% -10.21% $811 845 197 142 $32 979 366 396
2 Ethereum (ETH) ETH Ethereum predictions 72.8% 49 $2 962.21 0.70% -13.01% $348 594 526 258 $21 804 823 841
3 Cardano (ADA) ADA Cardano predictions 62% 80 $2.26 -3.91% -4.61% $72 247 803 034 $5 934 309 942
4 Tether (USDT) USDT Tether predictions 90.8% 1 $1.000745 -0.03% 0.18% $68 594 041 542 $78 531 944 846
5 Binance Coin (BNB) BNB Binance Coin predictions 67.6% 69 $340.66 -3.81% -16.81% $57 277 129 248 $1 824 922 046
6 XRP (XRP) XRP XRP predictions 74.8% 52 $0.936744 -0.87% -12.84% $43 762 466 306 $3 480 602 653
7 Solana (SOL) SOL Solana predictions 67.2% 73 $133.73 -5.17% -16.25% $39 755 230 580 $2 355 486 237
8 USD Coin (USDC) USDC USD Coin predictions 92.8% 1 $1.000354 -0.02% 0.15% $30 960 831 356 $3 856 410 295
9 Polkadot (DOT) DOT Polkadot predictions 67.2% 69 $28.93 -5.79% -14.59% $28 569 978 013 $2 497 931 662
10 Dogecoin (DOGE) DOGE Dogecoin predictions 65.2% 77 $0.203541 -2.93% -14.83% $26 754 819 985 $1 484 621 745
11 Avalanche (AVAX) AVAX Avalanche predictions 61.6% 87 $67.70 -4.70% -6.71% $14 914 226 366 $1 215 382 304
12 Terra (LUNA) LUNA Terra predictions 68% 59 $36.55 -4.62% 2.04% $14 617 138 870 $1 673 809 615
13 UniSwap (UNI) UNI UniSwap predictions 66% 74 $22.46 14.19% -8.01% $13 735 517 239 $963 138 296
14 Binance USD (BUSD) BUSD Binance USD predictions 92.8% 1 $1.000428 -0.01% 0.16% $13 695 184 249 $5 414 111 970
15 Chainlink (LINK) LINK Chainlink predictions 65.6% 70 $24.43 6.38% -13.70% $11 115 873 690 $1 892 923 557

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2021 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.