Bitcoin Cash is one of today’s crypto stars. Many believe that one driving factor behind this is Bitmain’s successful initial public offering filing with the Hong Kong Stock Exchange. Many speculate that Bitmain has a large amount of Bitcoin Cash. And another factor we should keep a close eye is news that bitcoin cash will listed on Winklevoss’s Gemini exchange. The New york based exchange has received regulatory approval to list Bitcoin Cash, but we are still waiting for them to announce the official launch date.
Bitcoin cash gained more than 28% over the past 24 hours. It has been on a dramatic downward trend over the past few months, and it is very far away from the record high we saw in December of over $3,700. This week we saw it drop below $430, but today it is back over $540. This day last year the price was around $454. Bitcoin Cash dominates only around 4% of the total cryptocurrency market.
Let’s take a look at one story that is hitting headlines today. Two former UBS bankers have raised around $103 million to launch a regulated cryptocurrency investment bank in Switzerland. They are hoping to bridge the gap between traditional banking and cryptocurrency world. SEBA Crypto is based in Zug and is hoping to receive a license from Swiss financial market supervisor FINMA. Zug is becoming a very popular destination for blockchain and cryptocurrency start-ups.
Sources: www.coinmarketcap.com
https://www.ft.com/content/97bbbd30-c18b-11e8-95b1-d36dfef1b89a
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