Let’s check out TradeSanta’s weekly digest. Top news of the past week are here:
- Bakkt plans to launch Bitcoin futures next month;
- Changpeng Zhao, CEO of Binance, announced the date of opening the cryptocurrency exchange for US customers;
- Barclays will no longer work with Coinbase.
Cryptocurrency Market Stats
Total market capitalization of all cryptocurrency assets dropped by 8.66% over the 7-day period. Here are the last week’s results in the table below.
|Stat||Value (7d change)|
|Market Cap||$ 272 433 629 171 (-8.66%)|
|Markets||19 980 (+0.64%)|
|Cryptocurrencies||2 454 (+0.61%)|
|BTC Dominance||68.7% (+0.1%)|
Major Coins’ Price Stats
According to the Coinmarketcap data, cryptocurrency prices dropped: BTC dropped by 10.22%, ETH – by 9.99%, and XRP lost 6.38%. Check out the results below.
|Coin||Close||7d Gains||7d High||7d Low|
|Bitcoin||$10 345.81||-10.22%||$11 426.08||$9 675.32|
Quote of the Week:
Nicholas Colas, co-founder of DataTrek Research: “Bitcoin was one of the few assets that we watched that actually predicted that uncertainty ahead of time. Nothing else was really moving, Bitcoin was.”
In Case You Missed It:
- Bakkt, a subsidiary of the Intercontinental Exchange, which owns the New York Stock Exchange, was granted approval from the U.S. Commodity Futures Trading Commission for crypto-settled Bitcoin futures. Bakkt’s CEO Kelly Loefler announced that “Our contracts have already received the green light from the CFTC through the self-certification process and user acceptance testing has begun.” The company unveiled its plans a year ago, and has been working on regulatory approvals. It intends to offer a daily and a monthly contracts. Bakkt will launch its product on September 23.
- It’s coming: in a new interview with Cheddar, CEO of Binance Changpeng Zhao announced that new cryptocurrency exchange for the US customers will be rolled out in “a month or two.” This new US platform is a result of collaboration with BAM Trading Services, and it will be led by a former Ripple executive, Catherine Coley. BAM will run this exchange, also Binance’s wallet and matching engine technologies will be implemented there.
- The most powerful collaboration between banking and cryptocurrency segments has ended. According to CoinDesk, Barclays, the global bank will no longer work with cryptocurrency exchange Coinbase. The end of the partnership caused problems. Coinbase’s access to the U.K. Faster Payments Scheme was disrupted, and all transactions in GBP for U.K. customers were slowed down.
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