Bitcoin and cryptocurrencies will not be legal tender in the country until fully regulated.
Indian Finance Minister Arun Jaitley has claimed that the government of India is yet to recognize Bitcoin as a legal tender in the country as of late November 2017. He did point out that the recommendations regarding the possible legalization of Bitcoin and other virtual currencies across India are being worked at by the government.
In an interview with the Economic Times, Jaitley said that he has already informed the Indian parliament that the country’s central bank, the Reserve Bank of India (RBI), has yet to issue any licenses to operate with digital currencies within its jurisdiction. He further claimed that the government is still assessing recommendations to regulate the virtual currencies.
"Recommendations are being worked at. The government's position is clear, we don't recognize this as legal currency as of now."
The Indian government has been working to regulate the use of virtual currencies in the country for the past few months.
In April 2017, the government established an interdisciplinary committee to assess the possible drafting of regulations covering digital currencies. The committee is composed of several government agencies including the RBI, the Department of Financial Services and the Ministry of Revenue.
In October 2017, however, the Indian Supreme Court issued a notice to the RBI and other related agencies asking them to provide an answer to the petition filed on the cryptocurrency regulation issue. The original petition expressed apprehensionabout the possible use of Bitcoin and other virtual currencies in untraceable cross-border transactions, making them as attractive tools for cybercriminals and tax evaders.
Part of the petition read:
"The lack of any concrete [control] mechanism pending the regulatory framework in said regard has left a lot of vacuum and which has resulted in total unaccountability and unregulated Bitcoin trading and transactions."
Despite the increasing appetite for cryptocurrencies in the country, regulators have not yet decided how to regulate Bitcoin and other virtual currencies. Until then, Bitcoin will not be considered a legal tender in India. In a previous report, a chief economist predicts that Bitcoin will not become legal in India without the necessarily monitoring from the government.
Blockchain technology in the local transportation is a logical continuation of a centuries-old evolution in the industry.
Blockchain technology in the local transportation or taxi industry is only the continuation of an evolution that has gone on for centuries. Mankind has long sought more efficient technologies both in transport service providing and industrial administration.
From ancient forms of transportation that involved trekking, the use of animals and carts, to the complexity of present-day machines, the transportation industry has developed into an organized ecosystem with basic administrative departments.
The local taxi systems that exist in almost every major town and city across the globe have proven to be quite essential to modern life. Given the importance of commuting in daily life, it’s unsurprising that taxis are in high demand and the industry is exceedingly competitive. It is estimated that the global taxi market fluctuates between 50 and 100 bln dollars.
Traditional taxi management systems have revolved around centralized organizations. For instance, in the city of Lagos, Nigeria, local unions and associations demand that every taxi operator must be registered and pay periodic dues and levies for running the association. This is supposed to be a way of ensuring proper licensing of taxi drivers, but the centralized nature of its management leaves room for misappropriation and poor management.
The introduction of partially decentralized taxi systems like Uber and Lyft introduced some necessary competition into the taxi industries. This has provided commuters with more options, leading to reduced fares and better quality service. However, despite the extent of decentralization that is introduced by these systems, they are still governed by a single database and run by a single company.
As Blockchain implementations are speedily sweeping across every industry, signs of the technology overtaking the taxi industry are clear already. For an industry that has been continually evolving over time and across ages, moving into a new phase will not be a surprising development at all.
According to Tomas Peleckas, Founder of A2B Taxi:
Licensed taxi drivers are essential to the industry for purposes such as security and appraisals. The situation in the market is an inspiration towards the creation of a platform designed to connect customers with professional and accredited drivers directly. Providing a mobile application for customers to find a licensed driver, as well as drivers to manage their business more efficiently will go a long way in creating a sanitized taxi industry. It is an essential tool for both the security of commuters and motivation towards quality services.
Implementing the concept of tokenization, or using Blockchain-based apps to manage local transportation systems is a development that has been long coming. It’s likely that many taxi services based on Blockchain and tokenization will spring up. This is largely due to the various benefits that Blockchain offers, especially in the area of personal control and decentralization.
For example, imagine traveling to a new city where the local currency is totally different from where you are coming from, and you need taxi services to take you from the airport to a hotel. Using a Blockchain-powered service automatically eliminates the need for any form of currency conversion as the value of the token remains the same and is available all over the world.
In many circles, Blockchain is described as the technology for the common man. This is a description that is proving its correctness in by giving regular people more control over their resources. It also services to open up the marketplace in various industries while enabling a level playing field for all involved.
Blockchain implementation will automatically enable a transparent industry; opaque unions and associations will no longer override the will of taxi drivers and commuters. Instead, anyone who holds a Blockchain token will retain full control of all the benefits associated with such tokens, be it in exchange for other tokens or fiat, or for the payment of taxi fares.
P Morgan Chase strategist disagrees with CEO Jamie Dimon, says regulatory approval of CME’s Bitcoin futures market gives the currency legitimacy.
Given the strong views of JP Morgan CEO Jamie Dimon on Bitcoin, it is ironic that a global markets strategist at JP Morgan has come out with a note saying that regulated futures could give legitimacy to Bitcoin
The decision of US regulators to allow Bitcoin futures to trade on the Chicago Mercantile Exchange (CME) has pushed Bitcoin into mainstream finance. CME obtained the regulators’ go-ahead after self certification, having assured the US CFTC that the products will follow existing law. The move could allow financial institutions with restrictive mandates to take Bitcoin exposure.
Nikolaos Panigirtzoglou, a global markets strategist at JP Morgan, also feels that the move could give legitimacy to Bitcoin. In a note to investors, he said:
The prospective launch of Bitcoin futures contracts by established exchanges in particular has the potential to add legitimacy and thus increase the appeal of the cryptocurrency market to both retail and institutional investors
CEO Jamie Dimon has strong views about Bitcoin: he believes the currency is a fraud and has even threatened to fire anybody who is “stupid enough” to buy it. He has ranted that governments will shut Bitcoin down and that the currency is in a bubble which will wreck investors.
Dimon is not alone in his views - other industry titans like Warren Buffett have said that Bitcoin is best avoided. However, that hasn't stopped the currency’s price from climbing to new levels.
Panigirtzoglou seems to have taken a view diametrically opposite to that of his boss, calling Bitcoin a new asset class:
The value of this new asset class is a function of the breadth of its acceptance as a store of wealth and as a means of payment and simply judging by other stores of wealth such as gold, cryptocurrencies have the potential to grow further from here.
In spite of Jamie Dimon's views against Bitcoin, JP Morgan seems to be making the most of the opportunity presented by the currency’s rise. The bank recently invited Bart Stephens, a tech venture capitalist, to give a talk on Bitcoin at JP Morgan San Francisco. Stephens presented to fund managers and clients, even as Dimon slammed Bitcoin.
The comments made by Jamie Dimon against Bitcoin resulted in a dip in its price, which coincided with JP Morgan buying units of a Bitcoin tracker fund. This has resulted in a market manipulation case against Jamie Dimon in a Swedish court. After CME announced the launch of Bitcoin futures, JP Morgan surprised observers by announcing that it may add Bitcoin futures to its own list of offerings. When opportunities for money making exist, there are no untouchables for the big banks.
An increasing number of millennials are investing their hard-earned money in Bitcoin instead of opening traditional bank accounts.
One in four millennials are investing their hard-earned money in the leading digital currency Bitcoin instead of opening traditional bank accounts. They claim that they earn more from their Bitcoin investments and their money is safer, according to a survey.
Based on the survey conducted Blockchain Capital, 70% of the 10,000 millennials who were polled claimed that they are not content with the interest rates offered by banks and almost 65% said that their money is safer in Bitcoin because they personally control it. The survey also showed that nearly two-thirds of female respondents have begun to branch out from Bitcoin and invested in other digital currencies in order to diversify their portfolio.
Despite their preference of Bitcoin as a form of investment, slightly less than 50% of the millennials surveyed said that they are also looking for a more convenient form of banking and 45% stated that they want their banks to integrate Bitcoin wallets in their operation so that they can directly invest in cryptocurrencies through their existing bank accounts.
The survey also estimated that the majority of millennials will invest around two-thirds of their savings into virtual currencies. According to the site founder Andrew Sung, the survey results showed that the younger generation is much quicker to embrace new technologies than their older counterparts.
“The younger generation has been notoriously quicker to act on new technologies, including the latest smartphones, which have enabled millennials to invest in Bitcoin over the last few years, before large hedge funds and financial institutions started to get involved.”
PricewaterhouseCoopers, one of the accounting industry’s “Big Four” firms, is now accepting Bitcoin as payment for services at Hong Kong office.
The Hong Kong office of auditing and accountancy firm PricewaterhouseCoopers (PwC) has started accepting Bitcoin as payment for its professional services. The company noted that the first Bitcoin payments it accepted was from local companies involved in digital currencies and Blockchain technology.
According to PwC Asia-Pacific chairperson Raymund Chao, their decision to accept Bitcoin as a form of payment reflects their move to embrace new technologies. Chao also notes:
"It is also an indication that Bitcoin and other established cryptocurrencies have now developed into more broadly accepted forms of settlement."
The decision by PwC to accept Bitcoin as a method of payment came at a time when the leading cryptocurrency is registering an unprecedented rise in the financial markets. The most popular virtual currency has breached the $11,000 price for the first time in its short history. This phenomenal performance has resulted in the emergence of questions on whether Bitcoin is a true store of value and means of exchange that can be utilized in transactions or just a day trader’s plaything.
PwC has often been an early adopter of new technologies. The company has been involved with digital currencies and Blockchain technology since 2014. Among its activities include the issuance of statements supporting the role of Bitcoin in advancing innovations in various industries, as well as conducting its own research on the virtual currencies.
One of the research initiatives launched by the company is a project to study the possible application of Blockchain in the wholesale insurance industry. The project was advanced in collaboration with the Z/Yen thinktank’s Long Finance initiative. PwC has also established its own consultancy services to offer advice to clients about the new technologies.
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New platform uses machine learning and neural networks to analyze data and make investing decisions.
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BTC is bouncing here and there and everywhere. Insiders weigh in.
Bitcoin had, by all accounts, a remarkably volatile week, losing $3 bln in market cap in just 90 minutes as the price slid from $11,400 to close to $9,000. Nevertheless, within 24 hours, the cryptocurrency has rebounded to over $10,500.
The cause for the sudden slump is not clear, though it appears that the market’s incredible bull run, pushing through over $2,000 in valuation in just a week, made room for profit takers at the peak. As the price rose to dizzying heights, some found an opportunity to sell positions that they had purchased at much lower prices.
The upside, though, as the currency pushed back over $10,000, had a clear cause. The release of the futures decision by the US Commodity Futures Trading Commission (CFTC) which announced Friday that CME Group and CBOE had met the requirements for regulated trading, led to raucous calls for massive gains in the cryptocurrency and pushed the price back toward the highs near $11,000.
While the bulls are back with the major news, it still remains unclear whether Bitcoin will be able to hold on and consolidate the gains above $10,000, and then press on for more. Some (notably billionaire Carl Icahn) have recently called Bitcoin a bubble, decrying any possibility for further gains. Others, though, are not as sure.
For example, Alex Mashinsky, founder of the Celsius Foundation makes a strong case that the sell point could possibly have been a coordinated sell around $11,000, potentially to buy in at lows. He says:
“There seems to have been a coordinated sell around 11,000. Many of the Telegram chat rooms were talking about that as a level to sell. It bounced back because there is too much money coming into the large players like Coinbase, so there is consistent buying pressure which overrides any selling. Also many of the crypto funds use these swings to scoop low-cost BTC from sellers who put limit sell orders as downside protection. There are now over 300 crypto funds which registered with the SEC. Four of them are over $500 mln so they are big enough to control the pricing at any moment.”
However, other industry insiders are convinced that the price movement should be expected to continue northward, particularly with all the current news being opened. As greater levels of finance enter the market, more buyers will drive prices further. Alexandre Tabbakh, CEO of PUBLIQ said:
“Mainstream adoption, institutional flow with the creation of futures and derivatives from the CME and other hedge funds, more statement and regulation from governments and regulators, acceptance of Bitcoin payments from significant corporations (PwC...), the ICO flow is constant and maintains an upward momentum.”
Beyond simply the issues relating to market frenzies, others see problems with exchanges as a potential source, both of the downward and upward pressure. It’s no secret that Coinbase has suffered some technical issues, even restricting transactions because of server overload. This sort of concern could clearly drive markets into a short-term selling panic, only to be reversed when the tech problems were corrected. According to Amos Meiri, co-founder and CEO, Colu:
“The Bitcoin price is influenced by the Nasdaq listing, news and big worldwide exchanges eyeing the opportunity for Bitcoin futures. Adding to that we are usually seeing such a bounce in price when we have many people who want to buy, but couldn't deposit as exchanges closed their gates, while others who wanted to sell are having issues due to the banking system and challenges around tax regulations.”
Regardless, by and large, the news of the day is positive for Bitcoiners, as another massive drop has been followed by a rebound. If the pundits are right, this price should hold stable and may increase.
Bitcoin futures can officially start Dec. 18, US regulators have confirmed, causing widespread celebration.
“It’s an orgy” is how one strategist described the breaking news that US regulators have approved Bitcoin futures to start this month.
The US Commodity Futures Trading Commission (CFTC) confirmed Friday that CME Group and CBOE had met the requirements for regulated trading, while Cantor Exchange would also be able to debut Bitcoin binary options.
*CANTOR EXCHANGE TO OFFER BITCOIN BINARY OPTIONS, CFTC SAYS.
— Jared Dillian (
It's an orgy@dailydirtnap) December 1, 2017
The news quickly rippled out across the industry and media, with a stream of delighted bullish statements gracing Twitter and other platforms.
CME starting trading #Bitcoin futures in 17 days! https://t.co/JLDC59gsd4
— WhalePanda (@WhalePanda) December 1, 2017
Bitcoin prices are reacting in kind as of press time, with a surge towards $11,000 well underway. Bitcoin has gained $700 in a matter of hours, with another $600 to go before all-time highs of $11,360 seen earlier this week are challenged.
Curious alternative responses are meanwhile coming from the likes of Digital Currency Group CEO Barry Silbert.
Speaking on CNBC about the futures approval, Silbert told the audience they should look to take profits from the price rally and put them into Ethereum Classic and ZCash.
CNBC "Do you take some #Bitcoin off the table at 10k?" Barry "You should look to diversify across the asset class into $ETC and $ZEC" #ethereumclassic #zcash @barrysilbert 👍👍 pic.twitter.com/AHaKWlA3zU
— Philip Charles (@PhilCrypto77) December 1, 2017
“I think it is going to enable finally the approval of Bitcoin ETFs, and other digital currency ETFs, which is game-changing,” he added.
Ethereum Classic is currently among the biggest successes of Bitcoin’s huge price increases this week, with today’s reversal generating near 30 percent growth for the altcoin.
The Bank of France goes out on a limb, describing Bitcoin as “neither a currency nor a cryptocurrency.”
Bank of France governor Francois Villeroy de Galhau has said that Bitcoin is not a currency - and not even a cryptocurrency.
In remarks at a Beijing conference, Villeroy stressed the need for “clarity” on Bitcoin’s status, while introducing an unusual angle which so far has not surfaced as part of the mainstream narrative.
“We need to be clear: Bitcoin is in no way a currency or even a cryptocurrency,” he said quoted by Bank of France in various publications.
“It is a speculative asset. Its value and extreme volatility have no economic basis, and they are nobody’s responsibility.”
Repeating bearish warnings more common to central banks throughout the world over the past few years, Villeroy added that the Bank of France “reminds those investing in Bitcoin that they do so entirely at their own risk.”
The concept that Bitcoin is not a cryptocurrency stands out among the more unexpected utterances from famous economic sources this week.
Speaking to Bloomberg, that network’s CEO and Founder Michael R. Bloomberg even confused Bitcoin and Blockchain, coming out with a newly-coined term ‘Bitchain.’
Goldman Sachs CEO Lloyd Blankfein, also present at the interview, was on hand to correct him, before Bloomberg continued that his network basically was, in fact, a Blockchain.
“In fact, the Bloomberg system is a Blockchain; it’s just that instead of having the users control it, we control it,” he said.
“But it has all the attributes of that.”
Secret symbol № 21: Y What is this?
The $2,000 drop in a day sparked the usual fear after the same people were celebrating the up-ride.
When the gates opened on Bitcoin’s post-Thanksgiving rally that saw it top $11,300 in a matter of days, everyone was queuing to get aboard the roller coaster as mainstream individual adoption seemed to be in full swing.
Everything looked rosy as before the confetti had even settled on the $10,000 party the next cake was brought out with a brand new 11,000 candles on it. Wall Street was on board, John McAfee was betting his manhood on the rambunctious digital currency and nothing would end this monumental ride.
All this jubilation obviously triggered something in the volatile beast that is Bitcoin as just when you think you have a handle on things, the monstrous currency bucks the trend. $11,000 turned into $9,000 and suddenly a fifth of Bitcoin, and any investment for the newbies who put in at $11,000 disappeared into the night air. Panic.
There is a rather large sect of the global population sitting with pins held ready behind their backs waiting to pop the Bitcoin bubble and proudly declare it dead. They were there at $800 to $1,000 and they are still here at $8,000 to $10,000, but their pin is a lot more bent and blunt.
Bitcoin continues to die a thousand deaths, but like a cheesy Zombie movie, it is never down. The more things change, the more they stay the same and this latest drop has the same makings of many that have come before it.
Remember the post-chain split rally? Bitcoin had survived the war, and even made a new, very familiar looking friend, but it meant that the coin was invincible. Everyone and their mother was buying Bitcoin and the rally began as that boost of Wall Street money forced its way into the news and people were buying in like drunk partiers on the Las Vegas strip.
Suddenly, the speculative price became unsustainable and the inevitable correction came.
“So it’s just natural and normal for a market to have a correction after a run like that. Historically, Bitcoin corrects anywhere from 30 percent to 50 percent,” Adam Sharp, the co-founder of Early Investing, said in September - but that tidbit of advice is golden in most situations.
Still, weak hands were shook, Bitcoin flooded back into the market at discount prices, and the vultures swooped. One doesn’t need a degree in economics to understand what happens when supply and demand act like this…
Bitcoin’s future in photos. pic.twitter.com/45sMn7kSc1
— Patrick Scott Patterson (@OriginalPSP) November 29, 2017
Me cashing out on bitcoin after the first cryptocurrency crash pic.twitter.com/IVDwfcoB5m
— Errol Spence Jr. Jr. (@Thmpsn) November 29, 2017
Today’s bitcoin crash is the exact reason why i won’t invest. Imagine when bitcoin experiences it’s first economic recession...
— JC🇩🇴 (@nunjc24) November 29, 2017
Does that subheading not ring so true in the world of cryptocurrency? The amount of times Bitcoin has rallied, corrected, dipped and sprung back up to go even higher is too many to count on all your fingers and toes combined.
Redditor Exotemporal gives a boots-on-the-ground opinion that feels a little more real than those sprouted from billionaires who dabble in cryptocurrency.
“They don’t remember the past because they weren’t there to witness the previous dips,” the redditor wrote. “I can see why someone would think that a 20 percent drop that happens within minutes is scary as hell. They’ll learn that these dips that aren’t accompanied by bad news are just transfers of money from the weakest to the strongest hands. Dips are a regular occurrence and an opportunity for newcomers to buy discounted Bitcoins.”
Another, little greener user, also gave his personal feelings on the wild whiplash of a ride.
“I bought in at $8,250 and it stayed constant till the 9-11k big push,” wrote user Leathermanhelppls. “I was worried for a couple days that I bought at the all-time high and I’d lose out….now the real fun begins! This is the exhilaration whiplash that I was promised. Going to [hold] for all it’s worth!”
Secret symbol № 20: 9 What is this?
What is going on with the crypto market’s top currencies?
The views and opinions expressed here are solely those of authors/contributors and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
The huge volatility in Bitcoin on Nov. 29 caught a number of novice investors off-guard. This serves as a reminder to the traders that cryptocurrency trading should be taken seriously.
Additionally, this fall is likely to renew the debate among the believers and the non-believers.
Joseph Stiglitz, the Nobel Prize winner, went as far as to demand a ban on Bitcoins. On the other hand, John McAfee, founder of McAfee Associates, has gone ahead and raised his target on Bitcoin to $1 mln by the end of 2020.
Nonetheless, other than for the long-term investor, these sky-high targets are unlikely to be of much use. The trader is more concerned about the next 20-40 percent move. So, let’s try to jump into the charts and attempt to forecast the next direction.
On Nov. 25, I had forecast a rally to $9,969, which proved to be a very conservative target. Bitcoin launched a vertical rally on Nov. 24, which peaked on Nov. 29 at $11,420.82 levels.
Vertical rallies are unsustainable and lead to a crash. Hence, it is good that the rally stalled. The present correction is likely to find support at the resistance line of the ascending channel. The trendline, green color on the chart, also coincides with the channel support. So, I expect the zone of $8,750 to $9,100 to act as a formidable support.
If, however, the bears succeed in breaking down this support, the 20-day EMA at $8,530 will act as the next support, below which a decline to $8,000 is possible.
On the upside, yesterday’s high of $10,570.49 and the lifetime high of $11,420.82 will act as a stiff resistance.
The volatility is likely to remain high for another four to five days when both the bulls and the bears will try to establish their supremacy. Thereafter, I expect the volatility to subside.
The risk to reward ratio in the current volatile environment is not conducive for trading. Hence, I don’t recommend any trade today. It is better to stay safe and preserve capital than lose money in the whipsaws.
Luckily, we had booked 50 percent profits on the existing positions in Ethereum at $483 levels. I had been expecting a retest of the breakout levels, but I had not envisaged a fall below $393. Therefore, I had recommended an SL of $390. Nevertheless, I was proven wrong and the SL was hit yesterday.
However, the ascending triangle pattern is still intact. If Ethereum manages to stay above the $393 levels, it is likely to resume its uptrend and attempt a rally towards its pattern target of $652.
On the other hand, if the digital currency breaks down of $390, it is likely to slide to $350. Below this, a fall to $290 is also possible.
I will prefer to stay on the sidelines and watch the setup develop over the next two days before any trade.
I had forecast a rally to $1,827 and $2,056 on Bitcoin Cash in my previous analysis. However, the digital currency could not breakout of the $1,758 levels.
After trading within a range of $1,507 to $1,758, the virtual currency broke down on Nov. 28.
Currently, the bulls are attempting to take support at the 20-day EMA. If this level breaks down, a fall to $1,150 is likely. This is the final support, below which, the decline can extend to the 50-day SMA at $827.
On the other hand, if the buyers step in at the 20-day EMA, a retest of $1,507 and $1,758 is likely.
A very risky trade setup is a buy above $1,420 with a stop loss of $1120. The target objective on the upside is a retest of $1,758 levels. Only aggressive traders should take a shot at this trade and with only 50 percent of the normal position size.
I had anticipated a rally to $0.3 on Ripple; however, it could not cross the $0.28 mark. From there, it plunged back to the critical support of $0.22.
I expect the $0.22 levels to hold, at least in the short-term. The rebound is likely to face a stiff resistance at $0.25 levels, which is the 50 percent Fibonacci retracement of the fall from $0.281 to $0.2195. Just a few days back also, $0.25 had acted as a strong resistance.
Once above this level, a rally to $0.28 and thereafter to $0.3 is likely.
Contrarily, if the $0.22 level breaks down, it can sink Ripple to $0.18 levels. Aggressive traders can attempt to go long at $0.251 and keep a stop loss of $0.218. The target objective on the upside is $0.28 and $0.3. This is a risky trade; hence, the position size should be less than 50 percent of usual.
In my previous analysis, I had suggested a probable retest of the lifetime highs, which proved to be correct.
However, only the nimble-footed trader would have benefitted from the rise, because the digital currency plunged to about $76 levels on the same day.
The positive news is that the 20-day EMA has not broken down, which keeps the uptrend intact.
The next rally will face resistance at the $93 levels and at the lifetime highs. On the other hand, a decline is likely to take support at the 20-day EMA. However, if this support breaks, a fall to $64, to the 50-day SMA is possible.
I will wait for the volatility to subside before recommending any trade.
I had forecast a price target of $650 for Dash in my previous analysis, which was easily surpassed. In fact, this is one of the rare cryptocurrencies that was left untouched in the overall cryptocurrency market Nov. 29.
Currently, Dash is at the resistance line of the ascending channel, which is likely to be a difficult level of cross.
I expect a couple of days of consolidation before the bulls attempt to resume the uptrend.
The breakout and close above the ascending channel gives it a pattern target of $960.
On the other hand, any correction is likely to find support at the trendline of the ascending channel, around the $680 mark.
However, at the current levels, I don’t find any setups on the charts that offer a good risk to reward trading opportunity. Therefore, I have no recommendations a trade on it so far.
* BTC/USD, ETH/USD, LTC/USD and BCH/USD market data is provided by the HitBTC exchange.
