Daily Berminal Brief (9/17/18): The Market Slowly Recovers as Binance Beta Tests a Crypto-Fiat…

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The State of the Market: The cryptocurrency market has pulled back slightly and given back hard fought incremental gains as Bitcoin dropped below $6,400 and Ethereum briefly dropped to $200. On Saturday, Binance CEO Changpeng Zhao, announced that they will beta test a crypto-fiat exchange in Singapore. Meanwhile, SBI Ripple Asia is set to launch a banking and payments app called ‘MoneyTap’ in the fall of 2018. The app is expected to revolutionize Japan’s legacy banking system. Currently the cryptocurrency market capitalization stands at $196 billion.