Bitcoin exceed $4.2k mark

First cryptocurrency regains its position by growing for more than 7% in last 24 hours
28 September 2017   3255

On the night of Thursday, September 28, the price of bitcoin rose above $ 4200, thus returning to the two-week mark.

Last time at this level first crypto currency was traded on September 12, at the beginning of a period of protracted decline. The lowest point for this time period was reached on September 15, when the bitcoin price fell below $ 3000 on the background of news about the closure of cryptoexchange exchanges in China.

At the moment of press, average Bitcoin price is $4223.56 with market cap of $70,074,562,206 and 24h trading volume $1,898,680,000. 

Bitcoin price chart
Bitcoin price chart

All top ten cryptocurrencies demonstrate the stable price growth. 

Top ten cryptocurrencies
Top ten cryptocurrencies

Also, it worth noting that Zcash had grown for more than 35% in last 24 hours. At some point, it was traded for more than 400$. This is caused by the news about the forthcoming addition of this crypto currency to the largest South Korean exchange Bithumb.

Zcash price chart
Zcash price chart

At the moment of press, average Zcash (ZEC) price is $370.77 with market cap of $845,313,851 and 24h trading volume $205,636,000.

Binance Singapore Unit to Apply For License

Under the new law, aimed at regulating crypto paymetns and trading, firms must register with the Monetary Authority to receive a license
17 February 2020   293

Binance, a Singapore-based cryptocurrency exchange unit, has applied for a license under the new Payment Services Act, which entered into force on January 28.

We have already applied. We submitted the application pretty fast. Binance’s Singapore entity has been in close touch with the local regulators, and they have always been open-minded.

 

Changpeng Zhao

Founder and CEO, Binance

Under the new law, crypto companies in Singapore must register with the Monetary Authority and receive one of three licenses: an exchange of money, a standard or large payment institution. The measure is aimed at regulating payments and crypto trading using requirements for participants in the traditional finance industry. Zhao did not specify which of the licenses Binance Singapore chose.

Binance has been offering crypto-fiat trading services in Singapore since April 2019 and works with eight coins, including Bitcoin, Ethereum and XRP. The trading platform is supported by Vertex Venture Holdings, a venture division of Singapore's Temasek Holdings.