Newsflash of May 15, 2020

Market Cap at 9:36 (UTC) – $261,308,909,970

Bitcoin dominance: 67.6 % 

BTC $9,614.99 (0.28%)

ETH $199.81 (-0.78%)

XRP $0.201111 (-0.73%)

PwC found significant changes in crypto market

PwC recently published a research about crypto market from 2018-2020. Per the paper, the most common type of investors are family offices and high-networth individuals while VC only made up a very small percentage in the market. Moreover, there is a decline in new crypto funds in 2020 compared to 2018 and 2019. However, the number of crypto hedge funds with $20 million AUM have increased from $1billion to $2 billion. Addtionally, BTC remains the most-trade asset followed by ETH and XRP. Further details can be found here (https://www.pwc.com/gx/en/financial-services/pdf/pwc-elwood-annual-crypto-hedge-fund-report-may-2020.pdf).

Binance accepts South Africa ZAR

Per the blog post (https://www.binance.com/en/blog/421499824684900577/South-Africa-ZAR-Deposit–Withdrawals-Live-+-ZAR-Trading-Competition), Binance has added South Africa Rand to the exchange allowing African to deposit their money quickly. Moreoever, from May 13th to May 20th, Africans who trade ZAR pairs may have the chance to win $1000.


Stay safe and happy trading.

Yours,

4C-Trading

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