Top cryptocoins fall

What stands behind fall of top cryptocurrencies? Let's try to figure out
18 October 2017   3643

According to a CoinMarketCap, all top ten cryptocurrencies (except NEO) showing big price drop.

Top ten cryptocurrencies price chart
Top ten cryptocurrencies price chart

As you can see on the chart above, Bitcoin lost more than 7%, Ethereum - more than 8%, Ripple - more than 13%, Litecoin - more than 10%

As always on the cryptocurrency market, there can be billions of reasons to any price change. But some analytics connects this price drop with The 19th National Congress of the Chinese Communist Party (CCP). Despite the recent exchange and ICO ban, China is still big cryptomarket. 

The first news from Beijing, however, concerns this sphere so far only indirectly. As reported by CNBC, in China, a popular messenger WhatsApp was blocked. Also, there are failures in the work of other social platforms, including WeChat. WeChat is especially popular among Chinese crypto investors.

In the meantime, the TASS agency reports that in the next five years the Chinese leadership will intensify the work on creating a "clean and bright" global network space and, in the end, will provide comprehensive control over it. Such a statement at the opening of the congress was made by Chairman of the People's Republic of China Xi Jinping.

According to him, special attention will be paid to delineating the areas of responsibility of the competent authorities for the appearance on the Internet of one or another informant.

SEC Chairman to Speak About BTC Listing

It looks like Bitcoin listing on the tradional exchanges won't happen in the nearest future
20 September 2019   148

Chairman of the US Securities and Exchange Commission (SEC) Jay Clayton said that bitcoin needs more regulation for listing on large exchanges. It is reported by CNBC.

If [investors] think there’s the same rigor around that price discovery as there is on the Nasdaq or New York Stock Exchange ... they are sorely mistaken. We have to get to a place where we can be confident that trading is better regulated.
 

Jay Clayton

Chairman, SEC

He was talking about listing conditions for bitcoin itself, and not derivatives, such as CME futures.