Yesterday, Venezuela’s president Nicolas Maduro, ordered various consular services, as well as several other services and gas stations to accept any cryptocurrency, including the nation’s own cryptocurrency, the Petro. This announcement was broadcasted nationwide from the Miraflores Palace and also reported on the website of the Superintendency of Cryptocurrencies. The president stated:
“I order the payment of consular services in all embassies and consulates of the Bolivarian Republic of Venezuela in the world, and all consular services in the country, in the petro currency or in any cryptocurrency.”
The new development from Venezuela may be the start of a new trend for governments and companies alike, giving more credibility to cryptocurrencies.
The MVIS CryptoCompare top 100 index has dropped 5.06% in the last 24 hours to 4,762.52.
Seven of the ten top coins by 24 hour volume have posted positive changes, ranging from 0.59 to 7.47%, in the last 24 hours.
Ethereum Classic ($35.11) showed a 24 hour gain of 7.47%, while Bitcoin Cash ($1,271) and EOS ($8.26) posted a gain of 3.57% and 4.03% respectively. NEO also recorded a positive change of 2.46%, and is currently sitting at $118.3
Both Huobi Token (-7.52%) and Tronix (-0.83%) posted losses in the last 24 hours, and are currently sitting at $2.26 and $0.0417 respectively.
France’s markets regulator (AMF), says that Bitcoin derivatives are subject to the European Union’s Markets in Financial Instruments Directive (MiFID II) which forces a new set of rules and authorizations. Yesterday, in its published missive, the agency argues:
“The AMF considers that the offer of cryptocurrency derivatives requires authorisation and that it is prohibited to advertise such offer via electronic means. The notion of “derivative” is not defined in EU legislation.”
At the time of writing, the Bitcoin price is sitting at $10,057 representing a loss of 1.01% in the last 24 hours. More than $1.7B worth of BTC were exchanged in the BTC/USD market representing a 31.7% share of global daily volume. The BTC/JPY pair represents a 34.6% share.
The Ethereum price has risen 5.24% over the past 24 hours and is currently sitting at $860, with over $380M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 31% market share of the global daily trading volume. The largest Ethereum pair was ETH/BTC with a 31.5% share.
The Litecoin price has risen 0.59% over the past 24 hours and is currently sitting at $203, with over $290M worth of LTC exchanged in the past 24 hours on the LTC/USD pair, the largest Litecoin pair, which has a 37.3% market share of the global daily trading volume.
The Ripple price has risen 1.8% over the past 24 hours and is currently sitting at $0.945, with more than $120M worth of XRP exchanged in the past 24 hours on the XRP/USD pair which has a 20.6% market share of the global daily trading volume. The largest Ripple pair is XRP/KRW with a 50.7% share.