bitcoin () and ether () are in red for the twenty-four-hour period, now trading at $3,825 and $136 at the time of writing. Binance Coin () is leading the pack with ten percent gains as the total crypto hovers around $130 billion.
BTC/USD
bitcoin was trading in the $3,763 to $3,943 range on to close at $3,900 with a $4 gain. On , the trading pair moved down to $3,893 after trading in the zone between $3,875 to $3,988 during the session.
The most popular cryptocurrency is still struggling to finds its way following the nine percent drop on February 24. It is, however,12 percent up for the 30-day period, closing the second month of the year in green.
, one of the most prominent private banking groups in Switzerland it would begin offering digital assets to its customers thanks to a new partnership with . The Zurich-based financial giant joins with the crypto startup to build a “bridge between the traditional and the digital asset worlds” according to the official press release. The collaboration comes into effect once SEBA receives its banking and securities dealing license from the Swiss Financial Market Supervisory Authority . As per Peter Gerlach, Head Markets at Julius Baer, digital assets will become a legitimate asset class in the future, and its bank is looking to be the first to offer this investment opportunity to its clients.
As BTCManager reported on , Bahrain authorities allowed cryptocurrency-related entities to work in the country on a trial basis until a regulatory framework is in place.
On , The Central Bank of Bahrain () the much-anticipated set of rules concerning crypto-assets activities including rules for exchange licensing, governance and risk management, Anti-money laundering (AML), trading activity and funds security. to Khalid Hamad, Executive Director – Banking Supervision, the primary goal of the institution is to “develop a comprehensive rule for the FinTech eco-system supporting Bahrain’s position as a leading financial hub in the MENA region.”
On the same day, the local cryptocurrency exchange became the very first to the Regulatory Sandbox.
ETH/USD
fell to $137 on in an extremely volatile session. During the trading day, the pair peaked at $144 on the Bitfinex daily chart then dropping down to $128.
On , it moved a little higher, to $138 closing the month of February with a solid price increase of more than 30 percent.
The and St. Petersburg forks were executed last night at block on the Ethereum blockchain and the price of one of the most popular altcoins reacted positively as it traded at $139 in the early hours of March 01.
and have a new project called Zether, described as a privacy mechanism for Ethereum smart contracts. According to the researchers Zether “is a new smart contract that keeps the account balances encrypted and exposes methods to deposit, transfer and withdraw funds to/from accounts through cryptographic proofs.” The anonymity and confidentiality offered by Zether is similar to that of and and its an improvement on the existing zero-knowledge proof system.
Published at Fri, 01 Mar 2019 10:30:40 +0000
