Yahoo Finance Crypto Steady as Bitcoin Hovers Around $6,600
Investing.com - Cryptocurrencies were mixed on Thursday, with Bitcoin inching forward and XRP pulling back from earlier gains.
Bitcoin increased 2.13% to $6,663.30 on the Bitfinex exchange, as of 10:24 AM ET (14:24 GMT).
Cryptocurrencies overall were slightly higher with the coin market cap of total market capitalization at $221 billion at the time of writing, compared to $218 billion on Thursday.
Ethereum,or Ether, rose 3.31% to $226.04 and Litecoin was at $61.835, down 1.60% while XRP rose 1.08% to $0.53338.
Meanwhile, a new aggregation tool will allow investors to trade digital currencies on platforms without creating an account. Known as Coinswitch, traders can compare exchange rates before they buy. The company serves as a noncustodial and investors only have to provide the address of wallets to trade coins.
As trading platforms face increased scrutiny from regulators, traders and virtual currency companies are looking for ways to bypass increased Know-Your-Customer rules.
In other news, Italy’s Member of Parliament Mirella Liuzzi will sign the European Blockchain Partnership, a collaboration of 26 EU countries, aiming to exchange information on technology. She said the government plans to hire talents in blockchain to develop a national strategy of the crypto-related sector.
“Joining the partnership will allow Italy… to define its own line in the development of [blockchain] technology – a practice which the previous government had never implemented,” she said.
The partnership started in April this year, first joined by 22 EU countries. Later it extended to include 26 countries with the entries of Greece, Romania, Denmark and Cyprus.
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