The price of bitcoin has fallen below $10,000 for the first time since early December. According to CoinDesk’s Bitcoin Price Index (BPI), the cryptocurrency’s value has hit a low of $9,714.02 as of press time. The last time bitcoin’s price was below $10,000 was on Dec. 1, BPI data shows. Market analysis suggests that the price could shift in either direction and recent regulatory developments – out of South Korea and China in particular – could roil markets further, according to Read more …
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Mitsubishi UFJ Financial Group, the largest bank and financial institution in Japan by assets, is planning on launching a bitcoin and cryptocurrency exchange targeting institutional and retail investors. Launching Cryptocurrency Exchange Japan’s Mainichi Shimbun, one of the major newspapers in the country, and South Korea’s national public news publication KBS, reported that MUFG is preparing resources and a team of developers to establish a cryptocurrency exchange for Read more …
The Enterprise Ethereum Alliance (EEA) has just appointed its first executive director. The open-source blockchain consortium today announced that Ron Resnick, previously president and chairman of the AirFuel Alliance, will now head the organization. According to a press release, Julio Faura, chairman of the board at EEA, said: “Ron’s task as our first Executive Director is to build-out the organization, engage with members and foster the continued development of technical content. … Ron has the experience and background to guide EEA through Read more …
Markets and Prices Anyone glancing at their Blockfolio app on Tuesday morning would have been in for a rude awakening. With every single cryptocurrency drowning in a sea of red, newcomers could have been forgiven for feeling a little queasy. A drama-filled day, dominated by negative news from South Korea and China, saw bitcoin fleetingly kiss four figures on some exchanges before rebounding sharply. On Wednesday, BTC fell to $10k once again, joining altcoins that are mired Read more …
Japan’s Mitsubishi UFJ Financial Group (MUFG), the fourth largest bank in the world, will launch its own digital currency MUFG coin, local news publication Mainichi.jp reported Sunday, Jan. 14. MUFG is the largest financial company in Japan and is set to become the first Japanese bank to issue a virtual currency, Mainichi.jp reports. The bank had plans to develop a cryptocurrency as far back as 2016. According to Mainichi.jp, the launch date has now been finalized and is intended to Read more …
Tuesday morning, Jan. 16, a South Korean petition against the regulation of virtual currency reached the amount of signatures required to compel a response from the government. The online petition calling the government to reconsider its stance on cryptocurrency regulation was started on the website of the South Korean presidential office on Dec. 28. On January 16, the petition obtained more than 212,700 signatures. According to the website of the presidential office, the minimum required for a government response is Read more …
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The bitcoin price plunged below $10,000 on Wednesday as this week’s comprehensive market correction intensified. Bitcoin Price Plunges Below $10,000 The cryptocurrency markets have been in a free-fall this week, and the downward spiral continued this morning. The cryptocurrency market cap dove below $500 billion, and the bitcoin price sunk as low as $9,663 on Bitfinex, marking the first time it has dipped below $10,000 since Dec. Read more …
Bitcoin looks like it might soon test near-$8,000 levels, as December’s record-breaking rally continues to unravel. With major losses over the last few days seemingly brought about by negative regulatory news from China and South Korea, bitcoin (BTC) is trading at $10,280 levels at time of writing, according to Coindesk’s Bitcoin Price Index. A slight recovery from the 1.5-month low of $10,064 hit yesterday ran out of steam at $11,698 at 00:20 UTC today, and price once more started to Read more …
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Bitcoin price plunged to a six-week low on Wednesday amid a continued downturn in wider cryptocurrency markets. It has been a turbulent week for cryptocurrency markets and bitcoin, the world’s first cryptocurrency and largest by market cap, struck a low of $9633 (Bitfinex). Bitcoin’s price chart in January, so far. Credit: Bitcoinwisdom Data from CoinMarketCap shows the total value of all bitcoins mined at $170 billion at Read more …
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Early blockchain tech mover IBM and Danish shipping giant Maersk have announced a joint venture to digitize and enhance global trade efficiency and security using blockchain technology. One of the world’s oldest industries that has long been notoriously averse to adopt modern technologies is getting a blockchain revamp. In an announcement yesterday, IBM and A.P Moller – Maersk confirmed their intent to launch a new as-yet-unnamed company Read more …
Tom Goldenberg is chief technology officer at Commandiv, a combined stock and crypto trading platform providing investors with automated trade recommendations and rebalancing tools. To hear all of the bluster and hype about bitcoin and blockchain these days, you would think that it will solve all of our modern world problems. Web 3.0 is coming – a new digital age. No industry will avoid disruption, whether healthcare, government, finance or retail. Yet this may be, to quote the author Antonio Garcia Read more …
Economics Online classifieds and community website, Gumtree South Africa, has reported a significant increase in the number of listings posted specifically asking to trade items for bitcoin. In particular, the website reports a proliferation in the number of listings for luxury vehicles that are asking for bitcoin as payment. Also Read: Markets Update: The Top 68 Cryptos Dive During the January Slump Gumtree South Africa Reports Significant Increase in Luxury Items Listed in Exchange for Bitcoins The head Read more …