Top stories in today’s Crypto Roundup:
- Block.one to pay $24 million civil penalty for unregistered ICO.
- Exchange and custody behemoths bank together to classify cryptocurrencies.
- Billionaire investor Mark Cuban voices his concern with bitcoin and other cryptocurrencies.
After a week of heavy downward price action, BTC/USD appreciated throughout Monday (UTC). This carried into early Tuesday morning, with the pair climbing north of $8,400 for the first time since last Thursday.
EOS/USD has stood out in terms of the altcoin market. It could be argued that the market is looking favorably upon Block.one’s $24 million civil penalty—some 0.6 percent of the apparent $4 billion it raised from its EOS token sale—ordered by the U.S. Securities and Exchange Commission (SEC). More on this below.
At the time of writing, bitcoin (BTC) is trading at $8,430.6 (+8.5%) with a daily trusted volume of $1.86 bn. As for ether (ETH) it is trading at $181.6 (+9.4%) with a daily trusted volume of $541.15 mn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 2,891.9 (+1.5%).