Crypto Prices: BTC Rises; Nasdaq CEO Backs Crypto
CRYPTO PRICES – On Wednesday, Bitcoin and other major cryptocurrencies increased in Asia. Further, this followed after Nasdaq CEO Adena Friedman stated that “[cryptocurrency] deserves an opportunity to find a sustainable future in our economy.”
Friedman posted in LinkedIn and she wrote, “cryptocurrencies could still be a global currency of the future.” According to her, Nasdaq believes that cryptocurrencies will have a place in the future.
“The invention itself is a tremendous demonstration of genius and creativity,” she stated.
Friedman highlighted the importance of “governance and regulatory clarity.” Moreover, this is in order for cryptocurrencies to become practical, useable invention with stable value.
Nasdaq has been helping cryptocurrencies to attract investors. Moreover, she stated that it offers its technology for trade matching clearing and trade integrity to start-up exchanges.
Elsewhere, Dutch financial regulators are in works to mandate license on crypto exchanges and wallet service. Primarily, this is to prevent money laundering and terrorism financing.
According to De Nederlandsche Bank, the central bank of Netherland, and Netherlands Authority for the Financial Markets cited the need for licenses on crypto exchanges and custody solution providers. As per the two bodies, cryptocurrencies are with “high financial crime risks.”
“These risks must be addressed effectively, which can be achieved as a result of the international coordination of countermeasures that AMLD5 [the Fifth European Anti-Money Laundering Directive] provides,” the two bodies reported.
Crypto Prices: Digital coins hit higher as BTC bounces off its lowest level
On Tuesday, cryptocurrencies climbed higher as bitcoin bounced off its lowest level in 2019. Further, this was amid the numerous problems in the South Korean crypto exchanges as well as further news of attempted regulation.
As of 11:57 AM ET, Bitcoin reached 1.0.6% to $3,582.70. This was well-off the intraday low of $3,465.20, its lowest level since Dec. 18.
There was an increase of 1.02% to $0.32035 in the XRP. Meanwhile, Ethereum surged 1.10% to $118.27. Litecoin climbed 1.81% to $31.42.
Overall, digital coins were higher with the total coin market capitalization at $120.5 billion. Moreover, this was in comparison with last Monday’s record of $119.7 billion.
South Korea received attention following the conviction of two of the Komid executives. This was after they faked trade volume and deceived investors.