quora Bitcoin to Test $8,000 & Other Crypto Arises

Bitcoin to Test $8,000 & Other Crypto Arises

Tuesday morning, Bitcoin (BTC) test $8,000. The digital coin grew more than 10% in Asia. Aside from that, other cryptocurrencies surged gains despite the bullish sentiment.

As of 11:52 PM ET (3:52 AM GMT), Bitcoin traded above 1.45% to $7,949.9. It attained more than $8,000 twice on Tuesday morning. The digital coin gained 34.62% over the past seven days. And it marked its biggest upward momentum this year.

On the other hand, the cryptocurrency Ethereum was up by 8.46% to $210.22. Then, XRP added 11.53% to $0.37254. And Litecoin rose 5.30% to $91.61.

Last Friday, the total market cap was $190.4 billion. And now, it climbed to $234.4 billion.

The U.S. Securities and Exchange Commission’s (SEC) Advisor for Digital Assets and Innovation, Valerie Szczepanik once again gave her remarks on initial exchange offering among the investors.

The advisor stated that there might be regulatory hurdles for platforms that want to list IEO tokens for a fee since they are supposed to engage in a broker-dealer activity.

Szczepanik also added, “If they are not registered they will find themselves in trouble in the U.S., if they have a U.S. issuer or U.S. buyers, if they are operating on the U.S. market.” She also cited TokenLot, cryptocurrency broker-dealer, after the remark. Valerie said that this platform helps to bring buyers to ICOs.

Blockchain Bond

Meanwhile, Germany will present a blockchain bond regulations. It will allow bonds to be issued as virtual tokens on a blockchain.

The German government’s blockchain correspondent, Thomas Heilmann said, “We bring blockchain technology forward for Germany, specifically in 2019.”

Also, crypto exchange Binance intends to completely resume deposits and withdrawals on Tuesday following the hack-situation last week.

Binance said in a statement, “We have made significant overhauls to our system, with a large number of advanced security features added and/or completely re-architected.”

The said crypto exchange lost about 7,070 Bitcoins from its hot wallets last May 7. The lost digital coins are worth more than $40 million at the time.

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