JANUARY 10, 2020 / 09:55 UTC
LONDON (Fintech Zoom) – Cryptocurrency Analysis – Report 01.10 – As you can see, Top Cryptocurrencies ,in the last 24 hours, the top 10 cryptocurrencies have been losing out, except for BITCOIN SV which grew + 1.71%.
The main highlight goes to BITCOIN’s -2.08% drop. Since the market realized that the United States will not respond to Iran’s attack on Iraqi-based US bases, Bitcoin’s price has been falling.
Bitcoin’s decline has also dragged the other cryptocurrencies, where ETHEREUM was down -1.70%, XRP -1.62%, LITECOIN -1.78%, BINANCE COIN -1.53% and CARDANO -1.91%.
Military instability in the Middle East has greatly influenced cryptocurrency prices this week, so we should be aware of the ongoing military situation in the Persian Gulf.
A cryptocurrency exchange or a digital currency exchange (DCE) is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies. Crypto Exchange / Exchanges are not currently regulated at a regional level. In certain member states, exchanges will have to register with their respective regulators. A cryptocurrency exchange or a digital currency exchange (DCE) is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies. A cryptocurrency exchange can be a market maker that typically takes the bid-ask spreads as a transaction commission for is service or, as a matching platform, simply charges fees. A digital currency exchange can be a brick-and-mortar business or a strictly online business. As a brick-and-mortar business, it exchanges traditional payment methods and digital currencies. As an online business, it exchanges electronically transferred money and digital currencies. Often, the digital currency exchanges operate outside the Western countries to avoid regulation and prosecution. However, they do handle Western fiat currencies and maintain bank accounts in several countries to facilitate deposits in various national currencies. Exchanges may accept credit card payments, wire transfers or other forms of payment in exchange for digital currencies or cryptocurrencies. As of 2018, cryptocurrency and digital exchange regulations in many developed jurisdictions remains unclear as regulators are still considering how to deal with these types of businesses in existence but have not been tested for validity. The exchanges can send cryptocurrency to a user’s personal cryptocurrency wallet. Some can convert digital currency balances into anonymous prepaid cards which can be used to withdraw funds from ATMs worldwide while other digital currencies are backed by real-world commodities such as gold. The creators of digital currencies are often independent of the digital currency exchange that facilitate trading in the currency. In one type of system, digital currency providers (DCP) are businesses that keep and administer accounts for their customers, but generally do not issue digital currency to those customers directly. Customers buy or sell digital currency from digital currency exchanges, who transfer the digital currency into or out of the customer’s DCP account. Some exchanges are subsidiaries of DCP, but many are legally independent businesses. The denomination of funds kept in DCP accounts may be a real or fictitious currency. Other News: COYYN