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Weekly Update: SEC / Poloniex / JP Morgan / BoA / Wellington / Marshall Islands / Rakuten

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This video is a recap for the cryptocurrency market for the week ending March 3, 2018. For more on this week's developments, please visit: https://crushcrypto.com/cc-weekly-march-3-2018/ Download the PDF version of the presentation: https://crushcrypto.com/wp-content/uploads/2018/03/2018-03-04-Crush-Crypto-Weekly.pdf _______________________________________ Highlights: - The cryptocurrency market moved sideways for most of the past week, while the overall market cap expanded 6% to $459 billion. - Bitcoin prices moved up 8% to just below $12,000. Bitcoin dominance is back to over 40% - a sign that people shift to safer coins during uncertain times. The market has been pretty steady at $400-500 billion for a few weeks now. This could mean that there has not been much new money coming in with investors shifting their existing altcoin holdings into bitcoin. - Monero led the major coins with a 21% weekly gain while IOTA also outperformed well with a 10% increase. - The SEC issued subpoenas to as many as 80 companies and individuals in relation to their investigation into ICOs. - The mobile payments company, Circle Internet Financial, announced that it has acquired Poloniex, one of the largest crypto exchanges. According to Fortune magaizine, the deal was valued at around $400 million dollars. - Both JP Morgan and Bank of America added a segment on cryptocurrencies in their 2017 annual reports that was filed with the SEC a few days ago. According to JP Morgan, both financial institutions and their non-banking competitors face the risk that payment processing and other services could be disrupted by technologies, such as cryptocurrencies, that require no intermediation. - According to Bloomberg, Wellington Management, is the latest asset management firm to consider including cryptocurrencies in their portfolios. In a report published by the company, the company’s systems were upgraded to enable trading in Bitcoin derivatives, and they have started taking positions related to cryptocurrencies. - The Marshall Islands is the latest country to issue its own cryptocurrency which will be considered as legal tender. The new cryptocurrency is called SOV and will be issued to the public by way of an ICO. - Japan's Rakuten, one of the largest e-commerce platforms in the world, announced that it will be launching a cryptocurrency-based rewards program. The token will be called Rakuten Coin, which will replace the company's current "Super Points" program. Please subscribe to our YouTube channel and our email newsletter to get our latest updates. _______________________________________ Disclaimer The information in this video is for educational purposes only and is not investment advice. Please do your own research before making any investment decisions. Cryptocurrency investments are volatile and high risk in nature. Don't invest more than what you can afford to lose. Crush Crypto makes no representations, warranties, or assurances as to the accuracy, currency or completeness of the content contained in this video or any sites linked to or from this video.
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Text Comments (12)
Crush Crypto (6 months ago)
Video Content: 00:08 Cryptocurrency movements 00:48 Token movements 01:18 Developments in the cryptocurrency world
Best coin TEL! x50 in this year. Official airdrop telcoin.pro/coins
Tobias Klebus (6 months ago)
Voice volume up music down, thanks for the update :)
Martin Back (6 months ago)
Annoying background music
norttone norttone (6 months ago)
Way better when no music in the background
Crypto Poids (6 months ago)
Hi Victoria, Your sound has been low in the last few videos. Are you guys able to increase it? Thank you
2 THE MOON AND BACK (6 months ago)
Always great and most of DRAMA free. Love it.
Can you review COTI?
Paul Ashworth (6 months ago)
Could you please do a review on THETA
5038david (6 months ago)
Great videos. But could you puh-lease turn up the volume!
oO0OoPs (6 months ago)
love your videos !! keep up the great work, you're awesome :D!
Ryan Marsolan (6 months ago)
Thank you!

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