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Philippines: Central Bank Approves 11 More Exchanges, Coinmarketcap’s First Company Aquisition & more

Philippines: Central Bank Approves 11 More Exchanges

The central bank of the Philippines has approved 11 new exchanges to operate in the country. Currently, 37 exchanges operate from the Cagayan Economic Zone Authority (CEZA). Cagayan is a province in the north of the country in which the government has created a zone in which innovative companies can settle down and operate from the country. With 48 exchanges now approved in the Philippines, the administration of the Philippines hopes to stimulate competitiveness as well as a productive environment for adjacent services.

Coinmarketcap.com Aquires Data Firm to Update Fake Data Detection

Coinmarketcap.com (CMC) has announced on Wednesday that it aquired the data firm Hashtag capital. With this aquisition, CMC hopes to innovate its technology to detect manipulated data from exchanges. The site has been criticized for a long time now to represent faked and manipulated data in an unreflected manner for quite a while now. The step is CMC’s very first acquistion of another company. The company did not disclose the price for Hashtag Capital.

Bitcoin Above $14,000 Declines to Below $11,000

Bitcoin has reached a price level that it did not since the bull run of 2017. But the price of Bitcoin remains typically volatile. However, the last price action does seem a bit extreme: Bitcoin reached the $14,000 level and declined to below $11,000 in less than 24 hours. There are many speculations as to why this is happening. Many people in the crypto space suspect that Tether continues to manipulate the price. However, since breaking above the $10,000 level an unpredictable FOMO has set in. While it currently looks like Bitcoin will recover and possibly reach even higher than before, we have warned in our last technical analysis that much more severe declines could be possible.

 

Review: Lumi Wallet

Lumi Wallet is a crypto wallet that has been designed with an in-built exchange offering support to some of the leading crypto tokens and coins. Lumi Wallet has a nice design as well as a simple interface that can be used by all. It also incorporates a high level of anonymity and security. The wallet works best for both the advanced users and beginners.

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