Crypto Update: Digital Assets Gain Value as Clouds Linger, Ripple above a Crucial Support

The G20 meeting is Argentina has not produced concrete government mandates yet, regarding new regulations in order to curb money laundering via bad players in the cryptocurrency sector.

Cryptocurrencies Show Stability and Put in Gains to Start the Week

The broad cryptocurrency market was able to show stability on Monday and produce gains. The G20 summit underway in Argentina has not produced any substantive regulatory mandates. It is assumed there will be a call for greater transparency and supervision to fight against money laundering by ‘bad players’ via the use of cryptocurrencies, but nothing concrete has been delivered yet from the Buenos Aires meetings.

Ripple Swimming in Dangerous Waters, Perceptions an Important Factor

Ripple’s XRP coin is trading near sixty-six cents this morning. After being pushed to lows last week around fifty-three cents, Ripple has been able to add value. However, XRP remains in dangerous waters as fragile sentiment prevails. While resistance looks to be one U.S Dollar, and perceptions make it feel like the juncture is far away, Ripple was trading near the one dollar ratio in early March. Crucial support remains near fifty-three cents and should that barrier fall, the next critical level lower would be forty-three cents for XRP.

ICO Scrutiny via the SEC Creating Chills in the Marketplace

The Security Exchange Commission’s announcement last week, that it is investigating a broad number of Initial Coin Offerings and the use of their tokens has put a chill into the ICO market. Over seventy percent of ICO’s have dropped in value this year. And investors continue to exhibit signs of concern, this while companies planning on new offerings are pausing as they look over the new regulatory landscape developing in the United States and other global jurisdictions.

TechNova Blockchain Summit at the Millennium Mayfair Hotel in London

A TechNova Blockchain event will take place on the 22^nd of March in London, and will talks on the future of distributed ledger technology and important industry leaders will participate.

• March 22nd, U.K, TechNova Blockchain Summit in London

Yaron Mazor is a senior analyst at SuperTraderTV.

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