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Cryptocurrency is headed for a weekly downtrend

2019-01-11 02:16 pm | Resource: News | No Views : 12

Cryptocurrency is headed for a weekly downtrend Cryptocurrency recorded a decline during Friday's trading to continue the decline for the second session in a row

 Bitcoin's market value fell to $ 64.350 billion, or 52.23% of the total market capitalization of Cryptocurrency

 While the total market capitalization of the market was $ 13.684 billion, or 11.11% of the total market value of Cryptocurrency.

Cryptocurrency trades
 
  • Bitcoin shares rose slightly to trade at $ 3.731 at 2:16 CET.
  • While Bitcoin cash   ABC continued its decline, down 3.08% to $ 131.99 previously.
  • Bitcoin Cash SV fell 2.40% to sell at $ 74.96 at 2:16 CET.
  • Litecoin traded at $ 32.458 by 02:26 (07:26 GMT), down 10.01% during the day. The biggest one-day loss since Jan. 10.
  • The XRP was trading at 0.32791 on the Investing.com index, with a loss of 6.61%.
  • Etherhere traded at 126.47, down 5.93% on Friday.

 Coincheck gets permission to work in Japan

The cryptocurrency platform said in a statement on Friday that the Japanese currency encryption platform ( Coincheck ) had obtained an equivalent currency exchange license almost a year after its $ 532 million breakthrough.

The Japanese Financial Regulatory Authority (FSA) has granted a license to the Japanese currency coding platform (  Coincheck), allowing it to continue operating in the country.

In an official communication, the Japanese financial regulatory body elements of risks associated with digital assets.

 Cryptocurrency trades are not "legal currencies where countries guarantee value such as the Japanese yen or the US dollar", but simply "electronic data exchange on the Internet."

The  Coincheck stock exchange suffered from a $ 500 million theft, raising concerns about Japanese regulation

However, its response was praiseworthy, as it reopened trading and customer recovery over the past year.

With the full authorization of the Financial Services Authority,  Coincheck is now well placed to become one of the most reputable exchanges in Japan, and currently facilitates about $ 15 million in daily trading volume.

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