Etherium News

Crypto Rises; LINE’s Crypto Exchange to Win Approval

© Reuters.  Major cryptocurrencies traded in the green on Friday morning in Asia
© Reuters. Major cryptocurrencies traded in the green on Friday morning in Asia – Major cryptocurrencies traded in the green on Friday morning in Asia, with surpassing $9,700.

Bitcoin rose 3.75% to $9,708.2 by 11:50 PM ET (03:50 AM GMT). Gaining the strongest momentum this year, the digital coin continues to rally this week to test $10,000.

Sharing the same momentum, added 4.20% to $279.65, edged up 0.69% to $0.43659, and was up 0.45% to $137.72.

The total crypto market cap rose to $298.1 billion from $290 billion.

Japan’s messaging giant LINE is close to winning a regulatory approval to run its cryptocurrency exchange. With the approval, LINE could launch the platform called BitMax in a few weeks, where its 80 million users in Japan can trade crypto coins.

LINE is also waiting for a banking license in Japan, which would allow the messaging giant to create a crypto payment channel for users to shop online. The license is believed to come next year the soonest.

LINE’s crypto exchange in its home country followed the one in Singapore called BitBox, which was launched in July 2018.

The move by LINE and its U.S. peer Facebook (NASDAQ:) signifies a huge interest of social media companies in the crypto space. Facebook is launching its own cryptocurrency called Libra, which it claims to be a stablecoin.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

View original post

Show More

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button