Synthesis of weekend news - Poloniex Launches Mobile Merchant Opposition - Bitcoin.com Celebrates 2.5 Million Crypto Wallets in Less Than a Year

The crypto market is showing a slight increase, the transaction volumes remain low

Over the weekend, the cripto market reached $ 265.5 billion, and a number of large orders from BTC were recorded on major exchanges, which helped Bitcoin to reach $ 6350. Bitcoin Cash and Ether also recorded increases of over 3%, but the best performances were registered by 0x (ZRX) and Tezos (XTZ), which had 17 or 12% increase on July 15th.

Daily transaction volumes on the market remain low, at about 10 billion (Bitcoin representing $ 3.2 billion) - although for example, a purchase order of over $ 1 million on Bitfinex for BTC was registered on Saturday.

Technical analysts and market analysts believe that the upward trend of cryptocurrencies is hard to sustain at low volumes, which means Bitcoin may not be able to pass the $ 6500 threshold in the coming period.

Coinbase announces that it is possible to list 5 new cryptocurrencies , stimulating substantial increases in their values

On Friday, Coinbase announced that it was considering the possibility of listing Cardano (ADA), Basic Attention Token (BAT), Stellar, Zcash and 0x on the platform, which triggered immediate market reactions - all five cryptocurrencies registered increases between 12 and 33% of their prices.

Although it does not guarantee a positive decision on the listing of these cryptocurrencies , Coinbase said that in the future it will ensure transparency in the decision-making process, announce what tokens are analyzing for listing to both the public and the employees at the same time. This decision is most likely based on the desire to avoid the insider trading allegations that the exchange has experienced in the past.

He also warned that one of the most important selection criteria would be to comply with local laws, which means that some tokens may only be available for trading in certain regions.

Poloniex launches a mobile trading deal

The Poloniex platform announced on Friday that it launched an official cryptomonitoring application available for both Android and iOS. Users can view price trends for different cryptonomics, graphs and statistics, including the option to create price alerts. Those who want to use it must generate an API key on the desktop version of the platform.

The launch of the official application is an important step for Poloniex, which was acquired at the beginning of 2018 by Circle Investment Company and has faced some difficulties since then. Specifically, in May, he forced KYC checks for users with old accounts, although in 2017 he announced that these new rules would only apply to new accounts.

Taking into account the general evolution of regulatory policies on the cryptos market in recent months, the Poloniex decision is in line with the general trends in financial market rules enforcement, which seeks to legitimize cryptocurrencies in the eyes of institutional investors.

Bitcoin.com celebrates 2.5 million crypto wallets in less than a year

The Bitcoin.com wallet was launched on August 25, 2017, after the hard fork that gave Bitcoin Cash Cryptomon and the company's representatives announced that they have registered 2.5 million users for this service.

The mobile version of the wallet supports Bitcoin Core (BTC) and Bitcoin Cash (BCH), is connected to Bitcoin.com for transaction verification and includes the Shapeshift API that allows BTC / BCH conversion. There are currently versions for iOS, Android, Linux, Windows and OS X, and the application is open source.