Also note that Grayscale investment firm has excluded the XRP token from its Digital Large Cap fund. A new lawsuit was filed against Ripple this week, this time by Tetragon Financial Group, which demands that Ripple buy USD 200M of their preferred shares from the group. ![]() XRP remains the main outsider of the market however, the fall in its price has now stopped. Also, the price is supported by a shortage of supply due to the blocking of part of the coins in the Ethereum 2.0 network. Interest in the coin is supported by the imminent launch of ETH futures by the Chicago Mercantile Exchange (CME), which is scheduled for February 8. The leader of the week's growth was ETH, the price of which reached a three-year high, rising above 1150.00. For example, former Merrill Lynch economist David Rosenberg noted that such a rapid rise in the price of BTC in such a short time is not normal, and investors can observe the formation of a new bubble in the cryptocurrency market. At the same time, experts expect that such growth will be caused by the movement of investments from gold to cryptocurrencies. The management of the American division of the Binance exchange said that by 2022 the value of BTC could reach USD 100K, and experts at JPMorgan Chase named the level of USD 146K as a long-term goal for the growth of the first cryptocurrency. Most experts believe that the long-term growth of the market will continue. In general, the cryptocurrency market maintains an upward trend, supported by the activity of institutional investors seeking to preserve their funds during the period of global economic instability and increasingly turning to digital assets for this. Bitcoin's market share decreased to 69.2%. ![]() The total market capitalization during the week increased to USD 967B. LTC moved to the fourth place in terms of capitalization this week, while XRP dropped to the fifth place, as the asset continues to experience pressure related to the claim of the US Securities and Exchange Commission (SEC). The Financial Ombudsman Service or the Financial Services Compensation Scheme do not apply to the cryptoasset activities carried on by Automata ICO Limited.Jan 6, 2021, 11:59:58 AM Cryptocurrency Market ReviewĪt the beginning of this week, the cryptocurrency market attempted a downward correction, but then most digital assets resumed their growth and won back all lost positions, and BTC again renewed its all-time high, rising above 35700.00. While Automata ICO Limited does have certain financial crime control obligations under this registration, cryptoasset services remain largely unregulated. ![]() It is important to note that a registration as a VASP is a registration for Anti-Money Laundering (AML) and Combatting the Financing of Terrorism (CFT) purposes only. Whilst the application is ongoing we are permitted to continue business as a Virtual Asset Service Provider in line with the Central Bank of Ireland's regulatory disclosure statement as required under section 106L of the CJA 2010 in relation to registered VASPS. Traditional currency will be safeguarded by a licensed bank in segregated accounts in accordance with regulatory requirements.Īutomata ICO Limited, Reg number 690280 and incorporated in Ireland has applied for a Virtual Asset Service Provider registration with the Central Bank of Ireland. ![]() Traditional currency is safeguarded as e-money in accordance with our regulatory obligations. Traditional currency will be safeguarded by a licensed bank in segregated accounts in accordance with regulatory requirements.Īutomata Pay Europe Limited, Reg number 69028 and incorporated in Ireland is the registered agent of Modulr FS Europe Limited, a company registered in Ireland with company number 638002, authorised and regulated by the Central Bank of Ireland as an Electronic Money Institution (Institution Code C191242). Automata Pay Ltd, Reg number 12208424 and incorporated in the United Kingdom is the registered agent of Modulr FS Limited, a company registered in England with company number 09897919, authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573).
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