Market The cryptocurrency market has added more than $40 billion within the last 48 hours as major digital assets bitcoin, ether, Ripple, and Bitcoin Cash recorded gains in the range of 5 to 10%. As of today, the volume of bitcoin remains above $4.6 billion and the volume of Ether has stabilized at the $1.7 billion mark. The volume of Tether (USDT) has also dropped substantially from its yearly high at $4.5 billion recorded on July 1st, signifying that more investors are trading crypto-to-crypto instead of crypto-to-fiat, which was the case throughout the past month amidst a strong downtrend. Ripple (XRP), Bitcoin Cash (BCH), EOS, and Cardano (ADA) have been the best performing major digital assets. Cardano recorded a daily increase of 16% while EOS saw a 13% rise in value. Worldwide Fiat Withdrawals could become “impossible” in India, warns a major Indian cryptocurrency exchange, following the central bank’s decision to ban cryptocurrency. The move caused a slight price drop. While in Japan, lawmakers want to lower cryptocurrency taxes to around 20% by reclassifying them. Taxes currently stand at anywhere from 15% to 55% depending on income bracket. A survey conducted in Ontario has shed light on cryptocurrency investing habits in the region as well as the views of financial consumers and their understanding of the underlining technology. The study, which was compiled by the Ontario Securities Commission, revealed that at the moment 5% of Ontarians, or around half a million residence of the province, hold crypto assets. Currently, the population of Ontario is estimated to be more than 14 million (over 38% of Canada’s population). At the same time, there is another 4% of the Ontario population that used to own crypto assets. Millennial males aged between 18 and 34 were the demographic most likely to own cryptocurrencies, with 14% of them owning a crypto asset. Coinbase Recently, Coinbase announced that it has officially opened up Coinbase Custody for institutional investors and accepted its first deposit last week. Coinbase Custody is only available for institutions in the United States and Europe, but the company plans to open up the service in Asia “before the end of this year.” With the flow of institutional money, this could be the big push the market needs to start a bull rally.