Start up your day with our morning update, which will provide you with all the main information and events on the crypto markets for the previous day.
Crypto market update
Bitcoin bounced back from the crash below 30 000 USD and crypto market is now mostly in the green numbers.
Bitcoin (BTC) Bitcoin managed to add almost 4% since yesterday and now is trading at 30,811 USD (all data from Coingecko.com).
Ethereum (ETH) followed the lead of BTC, adding more than 6%, now above 1,800 USD.
Total marketcap gained as well, added more than 4% and is currently at $1.294 trillion.
Bitcoin mining: New data from Cambridge University shows that the geography of Bitcoin mining has drastically changed over the last six months in the wake of China’s massive crackdown. CNBC has been gathering the opinions of industry experts to get their take on the great miner migration and how it has altered the environmental impact of the industry. They have come to the consensus that crypto mining is now environmentally friendlier than it was when China dominated global hash power.
JP Morgan: JPMorgan says a lot of its asset and wealth management clients think cryptocurrency is an asset class and they want to invest in it. “Our job is to help them to put their money where they want to invest,” said the CEO of J.P. Morgan Asset & Wealth Management.
MasterCard:MasterCard has announced a pilot program in partnership with Circle’s USDC stablecoin and others to enable cardholders to pay merchants using cryptocurrency anywhere MasterCard is accepted, according to a company press release.
Ark Invest: Cathie Wood’s ARK Invest bought an additional 140,157 shares of Grayscale Bitcoin Trust for its ARK Next Generation Internet ETF on Tuesday, according to its trading records that get published on a daily basis.
EC: The European Commission plans to ban anonymous cryptocurrency wallets, Reuters reports. It aims to force service providers to collect data about those who transfer cryptocurrencies, such as the customer’s name, address and age, as well as the name of the recipient. This is part of the commission’s effort to fight terrorism financing and money laundering.