Circle OTC: $24 billion in 2018 – January 4

Current Bitcoin Price: $3824 (as of 9:00 AM PST)

Cryptocurrency prices haven’t nudged much today, although most tickers are still trading red. Bitcoin, for example, is down less than half a percent, while Ethereum and XRP are up 1% and down 2% respectively.

A good handful of coins, like Litecoin, EOS, and Monero, haven’t moved in price by more than one or two tenths of a percent, which makes Bitcoin SV’s 3% drop all the more worrying for holders of the coin.

Top Bitcoin & Crypto News Stories for 4th January 2018

Circle OTC: $24 billion in 2018

Towards the end of 2017, crypto finance firm Circle launched an over-the-counter (OTC) trading desk, called Circle Trade, which would facilitate private transactions between large institutional clients.

In 2018 alone, Circle’s dedicated OTC trading desk clocked more than $24 billion in cryptocurrency trades, showing that interest in the space has remained despite a prolonged market winter.

AAPL loses Bitcoin’s market cap

Apple is the world’s largest technology company. At the all-time-high for its stock, AAPL, the tech multinational had a total valuation of over $1100 billion. However, AAPL stock has been struggling in recent months.

Today alone, AAPL lost more than $60 billion in total valuation, almost surpassing the market capitalization of Bitcoin. A Twitter user used this reasoning to suggest that Bitcoin adoption is still in its baby stages.

Ethereum Nowa revealed as scam

A new Ethereum fork, Ethereum Nowa, was announced not too long ago under the ticker of ETN, despite another project (Electroneum) having already used the same.

So, what’s their team like? A post on BitcoinTalk.org reveals that the project’s entire team is represented by stock photos pulled straight from paid image sites, leading many users to believe the project is a dirty scam.

Leave a Reply

avatar