It’s time for the latest TradeSanta’s weekly digest. Here is a short recap:
- China plans to launch its own cryptocurrency;
- 15 countries will develop cryptocurrency tracking system;
- The United Nations: North Korea stole $2 billion in cryptocurrency and fiat from exchanges.
Cryptocurrency Market Stats
Total market capitalization of all cryptocurrency assets increased by 2.22% over 7 days period. Check the last week’s results in the table below.
|Stat||Value (7d change)|
|Market Cap||$ 298 267 698 456 (+2.22%)|
|Markets||19 852 (+0.85%)|
|Cryptocurrencies||2 439 (+0.82%)|
|BTC Dominance||68.6% (+0.9%)|
Major Coins’ Price Stats
According to the Coinmarketcap data, only BTC grew by 5.04% during the last week. XRP and ETH price dropped, and here are the results.
|Coin||Close||7d Gains||7d High||7d Low|
|Bitcoin||$11 523.58||+5.04%||$12 273.82||$11 248.29|
Quote of the Week:
Tim Draper, American venture capital investor: “I thought there would be many more competitors at this point that were really relevant, but people have consolidated towards Bitcoin because it’s decentralized.”
In Case You Missed It:
- Chinese central bank announced that new digital currency will be released soon. According to Reuters, Mu Changchun, deputy director of the People’s Bank of China’s payments department, mentioned that cryptocurrency is “almost ready” for release. It will be launched through a two-tier system, under which both the People’s Bank and commercial banks will be legitimate issuers.
- According to Nikkei report, The Financial Action Task Force will prepare detailed measures for tracking cryptocurrency transactions by 2020. Fifteen countries, including G7 members, will take part in it. This international system will prevent illegal activities (for example, money laundering and terrorism financing), collect and distribute personal data on individuals who conduct cryptocurrency transactions.
- The United Nations accused North Korea of hacking banks and exchanges and funding its weapons of mass destruction. Reuters mentioned in its article, that a U.S. State Department spokeswoman commented on this issue: “We call upon all responsible states to take action to counter North Korea’s ability to conduct malicious cyber activity, which generates revenue that supports its unlawful WMD and ballistic missile programs.”
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