Cryptocurrency capitalization exceeded $ 300 billion

The total value of the digital currencies on the market exceeded the $ 300 billion mark
27 November 2017   245

According to the analytical service of Coinmarketcap, at present the capitalization of the cryptocurrency is $ 304.9 billion; the cumulative daily turnover of trades - $ 12.4 billion. Such a rapid growth in market capitalization is largely due to the recent rally of the first digital currency, whose price is confidently approaching the mark of $ 10,000.

The index of dominance of the first cryptocurrency is still relatively high and is 53.5%. Also bitcoin is the undisputed leader in the daily trading volume ($ 5.8 billion). Recently many other cryptocurrencies have demonstrated strong growth too, which could not but affect the growth of the market.

On the first day of 2017, the total value of digital currencies hardly exceeded the $ 18 billion mark. Mark of $ 200 billion market cryptocurrency overcame at the beginning of November. Since the beginning of the year, the cryptocurrency market has grown more than 16 times.

SEC Suspends Trading in 3 Companies

On Friday The U.S. Securities and Exchange Commission temporarily suspended the trading of three companies as they made the purchase of cryptocurrency and blockchain-related assets
17 February 2018   121

According to the announcement, the trade of  Cherubim Investments, Inc., PDX Partners, Inc., and Victura Construction Group, Inc. will be suspended between 9:30 a.m. EST Friday and March 2. The notice was dated Feb. 15.

SEC stated that its trading suspension orders state that recent press releases issued by CHIT, PDXP, and VICT claimed that the companies acquired AAA-rated assets from a subsidiary of a private equity investor in cryptocurrency and blockchain technology, among other things.

The release also indicates additional reasons for the suspensions. The agency’s orders also say there are questions regarding the nature of the company's business operations. In case of CHIT, the Commission suspended trading in the securities because of its delinquency in filing annual and quarterly reports.

In August 2017, the SEC  issued a warning for investors about the companies that may publicly announce ICO or coin-related events to affect the price of the company’s common stock.

Fraudsters often try to use the lure of new and emerging technologies to convince potential victims to invest their money in scams. 

U.S. Securities and Exchange Commission