The rundown: Bitcoin and all major virtual currencies – except Ripple and Litecoin – were up in the morning; some enthusiasts believe Bitcoin could match its high of $10,319 by the end of the year; Blockchain technology may disrupt the financial sector, says cryptography expert; before Congress, Matthew Allen of the U.S. Immigration and Customs Enforcement reveals that cryptocurrency transactions are traceable; the European Securities and Markets Authority will spend €1 million to monitor crypto assets and fintech activities.
Here is what is happening in the cryptocurrency market on Friday.
In the News
Some crypto enthusiasts still see good days ahead for Bitcoin. According to the experts on personal finance comparison site Finder.com’s Cryptocurrency Predictions Survey, the price of Bitcoin could hit its previous high of $10,319 by the end of the year. Meanwhile, nine panelists believe that BTC could reach as high as $20,000 by the end of 2018, according to a report from Business Report.
Talking with Express.co.uk, cryptography expert Toni Nijm said that blockchain technology is going to disrupt the financial sector. Nijm believes that the blockchain, which powers Bitcoin and other virtual currencies, can benefit digital transactions and online businesses. “What the internet did to data, Blockchain will do to assets,” Nijm told the publication.
While in the United States, Matthew Allen of the U.S. Immigration and Customs Enforcement (ICE), told Congress that cryptocurrency transactions are can be traced. Allen, assistant director of domestic operations, stated that the crypto transactions can help law enforcement agencies trace and capture criminals.
The Binance exchange says that Binance Coin (BNB) is one of the top 20 cryptocurrencies. The exchange, in a recent tweet, claimed that BNB is now the 14th most valuable cryptocurrency by market capitalization, boasting more than $1.2 billion in market cap.
Goldman Sachs-backed Circle Internet Financial has added a new feature to its crypto investment app Circle Invest, according to a report by Coin Telegraph. The feature, dubbed Collections, allows users to invest in one or more collections of crypto assets. The collection categories are: Platforms, Payments, and Privacy.
The European Securities and Markets Authority plans to spend €1 million to monitor crypto assets and fintech activities. Under the 2019 Annual Work Program, the authority will oversee new financial activities, focusing on fintech and crypto assets.
Cryptocurrency Prices Today (As of 7:40 AM EST)
Bitcoin (BTC) is up 0.22% over the past 24 hours, trading at $6,576.56.
Ethereum (ETH) is trading at $223.17 in the morning, up 0.38% over a 24 hour period.
EOS is up 1.59% over the past 24 hours, trading at $ 5.76.
Ripple (XRP) is trading at $0.5184, down 2.43% over a 24-hour period.
Litecoin (LTC) is trading at $58.15, down 0.51% over a 24-hour period.
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