The MVIS CryptoCompare Top 100 Index has dropped 4.07% in the last 24 hours to 4,277.84
Yesterday, the Japanese Financial Services Agency (FSA) announced that it has suspended two cryptocurrency exchanges. Starting today, the duration of each suspension will be a month and has been ordered as the result of poor security and compliance standards. Bit Station and FSHO were the exchanges that had trading halted for a month, however, 5 other exchanges came under fire from the FSA and must produce and submit a ‘Security Improvement Plan’ by March 22nd. The Agency stated:
“While not yet complete, the FSA inspections have apparently found enough issues with customer protections and anti-money-laundering measures that the agency fears another Coincheck-style hack.”
On March 7th Binance detected abnormal trading activity and the automatic risk management system was triggered, immediately halting all the withdrawals were immediately halted. Changpeng Zhao, Binance’s CEO, said that all fraudulent trades that occurred on Wednesday have been reversed and that the hackers actually lost coins. A post on Twitter reads:
“Binance has reversed all irregular trades. All deposit, trading and withdrawal are resumed. will write a more detailed account of what happened shortly. Interestingly, the hackers lost coins during this attempt. We will donate this to Binance Charity.”
Top 10
Every coin from the top 10 coins by 24-hour volume showed a negative change, ranging from 5.23 to 18.43%, in the last 24 hours. Monero was the top 10 coin by 24-hour volume that showed the biggest loss (-18.4%) and is currently sitting at $260.
Bitcoin Cash ($986) and Ethereum Classic ($21.45) showed losses of around 10%, while Tronix ($0.034) and EOS ($5.65) posted negative changes of 13.23% and 12.13% respectively. Huobi Token recorded the smallest loss (-5.23%) of the top 10 coins by 24-hour volume and is currently valued at $1.52.
BTC
At the time of writing, the Bitcoin price is sitting at $8.950 representing a loss of 10% in the last 24 hours. More than $2.1 B worth of BTC were exchanged in the BTC/USD market representing a 32.3% share of global daily volume. The BTC/JPY pair represents the biggest pair with a 41.6% share.
ETH
The Ethereum price posted a loss of 10.5% over the past 24 hours and is currently sitting at $684, with over $410 M worth of Ether exchanged in the past 24 hours on the ETH/USD pair, the largest Ethereum pair, which has a 36% market share of the global daily trading volume.
LTC
The Litecoin price has dropped 7.7% over the past 24 hours and is currently sitting at $170, with more than $180 M worth of LTC exchanged in the past 24 hours on the LTC/USD pair, the biggest Litecon pair, which has a 38% market share of the global daily trading volume.
XRP
The Ripple price has dropped 9.4% over the past 24 hours and is currently sitting at $0.77, with more than $100 M worth of XRP exchanged in the past 24 hours on the XRP/USD pair which has a 25% market share of the global daily trading volume. The largest Ripple pair is XRP/KRW with a 42.5% share.
