Price Bitcoin seems to be trapped in a vicious cycle with a short range of motion when a strong growth engine has not yet been found.
The past hours, prices Bitcoin Positive movements when approaching the threshold of 9,000 USD. Besides, the altcoin market is also recovering.
Today's bitcoin exchange rate (March 3) recorded at 10:05 at $ 8,866, up 2.91% from the previous 24 hours. Bitcoin's market capitalization increased to US $ 160.97 billion, with Bitcoin's market dominance (market share) at 63.8% – according to the BTA's bitcoin exchange rate (https://blogtienao.com/ty-gia/BTC/bitcoin/)
Today, many green markets have emerged, with 88/100 cryptocurrencies rising over the past 24 hours.
In the top 10, 9/10 digital currencies have risen from 2-7% over the past 24 hours.
The total market capitalization of the digital currency recorded at 10:05 at 252.69 billion USD, an increase of 6 billion USD compared to the past 24 hours.
24-hour trading volume increased sharply to US $ 187.14 billion, an increase of US $ 59 billion compared to March 2.
The Russian central bank accepts the Atomyze coin
Russia is still an unusual country when it comes to digital currencies. After Atomyze launches, the situation may change in a short time.
Everyone was surprised when Vladimir Potanin introduced his vision of Atomyze.
Atomyze is a digital currency for metals recently approved by the Russian central bank. Through this new platform, the goal is to increase transaction speed and reduce the amount of paper related to metal trading.
The approval of this currency by the Russian central bank comes as a surprise when the government is opposed to bitcoin.
Atomyze will operate in regions such as Switzerland and the US, but the platform will still restrict access at the company level instead of the individual. If all goes well, the platform will be available by the end of 2020. And at that time, maybe new laws for digital currency will be launched in this country.
Wilshire Phoenix responded to the SEC for rejecting the Bitcoin ETF
Wilshire Phoenix, a fund management company in the US, has just responded to the US Securities and Exchange Commission SEC about denying trading funds on the bitcoin ETF.
The company affirmed “very disappointed” about the SEC, confirming that it devoted much effort to meeting the SEC's expectations:
"We have made every effort to get the SEC's attention on this important issue, including assessing the impact on SEC employees, making key data, and being ready to release information. Additional information to list regulated bitcoin ETFs is essential in the US. Unfortunately, the above command shows that all this effort didn't get the full attention of the SEC. "
Before that, Wilshire Phoenix filed with the SEC in January 2019 and was rejected by the SEC on February 26 after 13 months of trying to meet SEC requirements.
The reason given by SEC is to control the market and concerns about investor protection.
Australian judges say digital money is a legal means of investment
In a case in New South Wales, judge Judith Gobson authorized the use of digital money as collateral.
“This is considered a form of investment,” he said of the digital currency, also talking about its volatility, according to the Australian Associated Press.
In the case, the court ruled the company had to guarantee 20,000 AUD, about US $ 13,000 in the account managed by the court. If the company withdraws or loses the case, the fund will be used to pay court costs.
Instead of a bank account, the court allowed the use of digital money accounts on the exchange.
And with cryptocurrency being volatility, the court is required to report the monthly value balance of this digital money account.
Although the use of digital currencies as collateral is not the most convincing application, it shows that the industry value is increasing from the perspective of the authorities in the world.