Month: August 2018

The cryptocurrency market has been largely bearish this year, with Bitcoin having fallen below $6,000 in June. However, cryptocurrency experts who have been observing the market and considering factors other than just speculation, they feel that is a healthy correction of the market, and that the future of the market, driven by adoption, is bright. Willy Woo Still Bullish on Bitcoin Willy Woo, the renowned cryptocurrency analyst, recently tweeted that the cryptocurrency market this year is stronger than it was Read more …

South Korea’s Jeju island is proposing a plan to become a blockchain haven wherein initial coin offerings (ICOs) would be allowed in the autonomous province despite the ongoing ban in the mainland. According to a report by the JoongAng Daily on Monday, the governor of Jeju Island has formally proposed that the central government of South Korea designate the island as “a special zone for blockchain and cryptocurrency” in its interests to become a hub for the blockchain industry. Jeju Read more …

AirSwap is rolling out some pro tools to attract institutional investors to its decentralized exchange (DEX) for ethereum tokens. Revealed exclusively to CoinDesk, the company is this week launching an interface for so-called over-the-counter (OTC) block trading. While to date AirSwap users have been signaling their intent to buy or sell a certain amount of tokens at a certain price on a take-it-or-leave-it basis, the new front end includes a chat feature so traders can negotiate the terms privately. Large, Read more …

Monday hailed in one of the worst days the crypto market has ever seen, with Bitcoin posting a loss of 6%, while altcoins fell even further. However, not all investors are worried, as some see that this nosedive is just another part of the tumultuous cryptocurrency cycle. CoinShares Executive: The Narrative Around Crypto Is Hard To Grasp Meltem Demirors, a Chief Strategy Officer (CSO) at Coinshares, recently appeared on CNBC’s “Fast Money” segment to comment on the state of the Read more …

In the past 24 hours, the crypto market has lost $23 billion, dropping from $217 billion to $194 billion, as major cryptocurrencies including Bitcoin showed a lack of momentum. Crypto market valuation chart, provided by CoinMarketCap.com What Has Happened to the Market? Without any exception, every major cryptocurrency in the market has plunged in value on August 14. Ether, the native cryptocurrency of Ethereum, reached its lowest point in 2018, breaching the $290 mark for the first time since early Read more …

Regulation The Indian government previously planned to submit the proposal for crypto regulations in July. However, a senior official has revealed that the regulatory framework for cryptocurrencies in India has been delayed and will likely be ready by the year’s end. Meanwhile, the government is reportedly considering “launching crypto tokens for financial transactions.” Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Indian Regulations Delayed Subhash Chandra Garg. The Indian government has been working on cryptocurrency regulations. A panel was Read more …

Down two-thirds from its December all-time high of $20,000, bitcoin (BTC) now risks printing fresh 2018 lows below $5,755. The corrective rally seen over the weekend failed to penetrate the key rising trendline hurdle of $6,480 on Monday, allowing the bears to make a strong comeback. As a result, the leading cryptocurrency fell below $6,000 (February low) and extended the slide to $5,859 earlier today – the lowest level since June 29 – according to Bitfinex data. As of writing, Read more …

The Jamaica Stock Exchange (JSE) will soon be offer cryptocurrencies as tradeable assets for clients. The company said Tuesday that it had signed a memorandum of understanding (MoU) with blockchain startup Blockstation for the creation of a new digital assets trading platform. While it is not clear which tokens will be initially listed, the platform is set to go live by the end of the year. In interview, JSE managing director Marlene Street Forrest said that offering cryptocurrencies as investment Read more …

Kim Dotcom, the German-Finnish entrepreneur and the creator of Mega, has publicly stated that gold and crypto are better long-term investments than the US dollar. In a recent statement, Dotcom said: “Trust me. Buy crypto and gold. Your USD will become worthless. With US economic collapse all old money currencies will crash. Times will get tough. But you’ll be fine if you hedge some of your assets in preparation for the crash. The big crash is coming 100%.” Value of Read more …

Thailand’s Crime Suppression Division (CSD) has sought arrest warrants of six more people in an ongoing $24 million Bitcoin scam case. The law enforcement agency has confirmed that among the six wanted individuals, two are siblings of the famous Thai actor Jiratpisit Jaravijit. One of them is the elder brother of Jaravijit, Prinya Jaravijit, while another is a renowned stock exchange investor, Prasit Srisuwan. Police had already arrested Jiratpisit for his alleged involvement in the scam. However, the Criminal Court Read more …

In today’s crypto market drop-off, a majority of cryptocurrencies posted horrendous losses, including Ethereum, which fell further than many of its altcoin brethren. This came to the surprise of many, as Ethereum is normally a force to be reckoned with in ‘normal’ market conditions. Ethereum Moves Under $300 For The First Time In 9 Months Over its relatively short history, Ethereum has grown to become the 2nd most valuable cryptocurrency, becoming the platform of choice for cryptocurrency projects, and dApp developers.  Despite Read more …

This biggest one day dump this year, Ethereum, XRP, Bitcoin Cash, EOS and Cardano dropping double digits The crypto winter is getting colder as markets tanked yet again over night to a new 2018 low. Total market capitalization plunged below $200 billion and kept going to reach its lowest level since the end of October 2017. Bitcoin briefly dipped below $6k once again and is holding the level just above it. With a loss of 6.5% on the day BTC Read more …