Peruvian Central Bank Warns Of Bitcoin And Crypto Market Volatility Risks

2018-11-21 10:52

One of the advantages of the cryptocurrency marketplace is that it simply does not follow the trends of the regular stock market. It moves with the popularity of social media and other factors, and the various changes to regulatory measures can impact specific areas without moving the market as a whole. Still, it is a volatile place, which is something that Peru’s central bank recently took to warn their consumers about.

In a Twitter post on Friday, the bank linked an image from Bloomberg, showing the drastic changes in Bitcoin prices from December last year to now.

Along with the image, they commented,

“Cryptocurrencies are not supported by central banks and pose risks due to the high volatility in their price, fraud cases and their possible use in illicit activities. Bitcoin’s price fell 56% as of October 2018 and has lost an additional 13% percent in November.”

Right now, Peru is not interested in working on cryptocurrency regulation in their country, based on a report from crypto outlet Criptonoticias. However, blockchain technology has been on their mind for a while, since the Superintendency of Banking and Insurance (SBS) became a part of the R3 group in September last year. Their joining was an effort to support research on this budding technology, examining how it can be integrated into Peru’s economy.

Throughout the year, participants in cryptocurrency trading have expanded. In fact, based on data offered by Coin Dance from LocalBitcoins, the average amount trade in Peru by the week in January 2018 was about 17 BTC. By the end of September, that amount had risen to nearly 150 BTC a week, which is almost a nine-fold increase.

However, since Wednesday last week, there has been a major drop in the market. Bitcoin has reached a price tag of less than $5,000 for the first time this year, which has caused other cryptocurrencies to drop as well. Right now, based on data provided by CoinMarketCap at 11:00am PST on November 20th, Bitcoin is trading at $4,622.79, which is the result of an 8.43% drop in the last 24 hours. Bitcoin Cash has suffered a 30.2% drop in the last 24 hours as well.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

onG.social (ONG) на Currencies.ru

$ 0 (+0.01%)
Объем 24H $4
Изменеия 24h: 1.02 %, 7d: 3.02 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0117762 (-100%)

market regulatory changes factors popularity social media

Источник: bitcoinexchangeguide.com

market regulatory → Результатов: 126


Retail Investing Behemoth Is ‘Closely’ Looking at Crypto Market; Awaiting ‘More Regulatory Clarity’

Operating nearly 32 million brokerage accounts with over $7 trillion in client assets, Charles Schwab says they will be highly competitive and disruptive when that comes. The post Retail Investing Behemoth Is ‘Closely’ Looking at Crypto Market; Awaiting ‘More Regulatory Clarity’ first appeared on BitcoinExchangeGuide.

2021-4-23 17:35


The Bahamas is issuing cryptocurrency regulations to fight fraudulent ICOs

Regulators from all over the world have been waking up to cryptocurrency regulation this year and it seems the Bahamas are the latest to open their eyes. The Central Bank of the Bahamas (CBOB) has published a regulatory framework in preparations to integrate cryptocurrency-based assets into its financial services industry, according to the Nassau Guardian.

2018-11-9 18:06


Фото:

Bakkt Launch Next Month May Not End Bear Market

Intercontinental Exchange’s “regulated ecosystem” for Bakkt should launch December 12, but “lingering concerns” remain, industry figures warn this week. ‘Lingering Concerns’ Over Long-Term Plans In a series of tweets, securities lawyer and regular social media commentator Jake Chervinsky summarized the gaps in public knowledge about Bakkt, which is still awaiting regulatory permission to begin operations.

2018-11-8 21:00


Фото:

A Week of Satoshi Pt.4: Big Bitcoin Moments (2013 – 2018)

The period 2013 to 2018 was, in many ways, Bitcoin’s coming-of-age. It featured everything from exchange hacks worth tens of millions of dollars, law enforcement busting a seedy darknet website offering illegal goods and services for bitcoin, to newfound regulatory spotlighting all around the world, and an all-time high market price that not even the most optimistic bitcoin believer could.

2018-11-2 21:00


Distributed Ledger Technology (DLT) Fails to Meet Demands of the Current Financial Market

Although digital payments have seen a massive boom, driven mostly by developing markets the innovation landscape in payments is uncertain as BigTech entrants make their presence felt, and incumbents face technical and regulatory complexity in the development of new collaborative payments ecosystems between themselves and FinTechs. World Payments Report 2018 finds that it will take […]

2018-10-19 09:42


Blockchain Business in Crypto Valley Has Doubled Since Last Year: Report

The number of blockchain-related companies in Switzerland and Liechtenstein has doubled in the last year, according to a new study published by CV VC. The Zug-based firm, in partnership with Strategy& (PwC’s global consulting arm) and inacta, compiled information about the top 50 blockchain and digital asset companies between the two countries.

2018-10-11 00:18


Coinbase Awaits Regulatory Licence Approval in Japan, Calls Japan’s Crypto Crackdown ‘Good for Us’

Leading US cryptocurrency exchange Coinbase has said that tighter scrutiny on the part of regulators in Japan gives Coinbase an advantage entering into the East-Asian market. Despite being traditionally considered a hotbed for cryptocurrency activity, local news outlet Nikkei Asian Review reports that enthusiasm surrounding cryptocurrency in Japan has fallen off as regulatory oversight has… The post Coinbase Awaits Regulatory Licence Approval in Japan, Calls Japan’s Crypto Crackdown ‘Good for Us’ appeared first on UNHASHED.

2018-10-10 20:49


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Crypto market's weekly winners and losers – HYPE, BGB, WIF, APT

Movement, Hyperliquid, and Bitget Token were the biggest winners in the past week. Dogwifhat, Gala, and Aptos were the biggest winners from the other end of the table. In this week’s cryptThe post Crypto market's weekly winners and losers – HYPE, BGB, WIF, APT appeared first on AMBCrypto.

Ethereum whales purchase $1B worth of ETH: Market recovery ahead?

Whales bought 340,000 ETH in the last 3 days worth more than $1 billion. ETH might have completed its correction as the Long Term Trend Directions is strongly bullish. Ethereum's ([ETH] whalThe post Ethereum whales purchase $1B worth of ETH: Market recovery ahead? appeared first on AMBCrypto.

Is the Altcoin party over? Bitcoin dominance threatens alt sector!

Positioning for altcoins? These bearish signals call for caution.  The altcoin season index slipped below 50%, marking a new monthly low.  Altcoins are in massive discounts after the recenThe post Is the Altcoin party over? Bitcoin dominance threatens alt sector! appeared first on AMBCrypto.

Fantom breaks $1: Will FTM continue its bullish trend towards $1.50?

Fantom’s price surge is supported by strong network growth and key resistance targets near $1.50. Technical indicators and market sentiment highlight cautious optimism for sustained upward moThe post Fantom breaks $1: Will FTM continue its bullish trend towards $1.50? appeared first on AMBCrypto.

Why Ethereum Classic could be setting up for a 20% price jump

On-chain metrics revealed that exchanges have experienced a substantial $22.85 million worth of ETC outflow. ETC long/short ratio indicating strong bullish sentiment among traders. ETC, the The post Why Ethereum Classic could be setting up for a 20% price jump appeared first on AMBCrypto.