Cryptos Mixed as Bitcoin Stays at Three-Day Low
Investing.com - Cryptocurrencies were mixed on Thursday, as Bitcoin remained near a three-day low.
Bitcoin was trading at of $8,899.50, falling 2.77% as of 8:24 AM ET (12:24 GMT) on the Bitfinex exchange.
The Chicago Board Options Exchange wants to lower the increments on its futures contracts, according to a letter to the Commodity Futures Trading Commission. The move would lower increments from 10 points to five points, with one point worth $1.
The futures contracts were launched in December 2017, when Bitcoin was at an all time high of $20,000.
In other news, Nasdaq is open to launching a cryptocurrency exchange in the future as the regulatory environment evolves.
"I believe that digital currencies will continue to persist...it's just a matter of how long it will take for that space to mature," said Nasdaq CEO Adena Friedman. "Once you look at it and say, 'do we want to provide a regulated market for this?' Certainly, Nasdaq would consider it."
Meanwhile rival Ethereum, the world’s second largest cryptocurrency by market cap, rose 1.22% to $636.24 on the Bitfinex exchange, after news that the developer has no intention of causing a blockchain split to recover lost coins.
Parity Technologies said on Thursday it would not change the code of Ethereum through a code change named EIP-999, which would recover $264 million lost from a code fault in wallers in November 2017.
“We have worked hard to help develop the Ethereum ecosystem; no intention of harming it. Let's find the right solutions through collaboration,” the company wrote on Twitter.
Other cryptocurrencies were down, with Ripple, the third largest virtual currency, falling 2.03% % to $0.80394 while Litecoin was at $146.79, a decrease of 1.07%.
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