Month: September 2018

Ethereum, Bitcoin Cash, Neo and Nem got smashed while VeChain, Dogecoin and Nano survived the red month. August will probably go down as the worst month in crypto for 2018. There were few survivors of the massive rout that dumped the prices of many altcoins to their lowest levels for over a year. Following gains in July things turned south rapidly and the bears pummeled the markets to a low of below $200 billion. In the first two weeks of Read more …

Exchanges You might not have traded on Fcoin or Bitforex, but you’ve probably heard their names mentioned in crypto trading circles. These exchanges are at the forefront of a relatively new business model known as transaction fee – or trans-fee – mining. While innovative, the token model deployed by these platforms is not without its controversies. Also read: How Coinmarketcap Incentivizes Exchanges to Report Fake Volume What Exactly Is Transaction Fee Mining? With a conventional cryptocurrency exchange, a maker and taker Read more …

The charges on famous Thai actor Jiratpisit “Boom” Jaravijit and his sibling, Thanasit Jaravijit were heard earlier this week in court concerning an alleged bitcoin fraud worth nearly a billion baht (about $24 million), according to a local news outlet. The popular soap actor showed up at court well ahead of schedule but tried to avoid reporters who kept asking about his siblings and his involvement in the scam. According to the news outlet, Boom continues to maintain his innocence in Read more …

Volatile or not, there’s growing public demand for retailers and businesses to accept payment in cryptocurrency. According to a survey published in June by the United Kingdom-based crypto-exchange CreditCoin, 75 percent of American consumers want the option to use cryptocurrencies to pay for items they purchase in stores. Sadly, the proportion of stores providing this option doesn’t seem to have reached three-quarters yet. However, the number of merchants accepting Bitcoin (BTC) and other coins is nonetheless steadily increasing, with the number Read more …

The Daily Wallet solution Mycrypto has raised $4 million to build a platform allowing users to create new wallets, the full details of which are in this edition of The Daily. Also, the wallet advertised by software guru John McAfee, Bitfi, is removing the ‘unhackable’ claim from its branding, an Islamic crypto exchange applies for a license in Malta, and Eminem’s new album features bitcoin. Also read: Cboe Close to Ether Futures, Brave Boasts Millions of Downloads Mycrypto Raises $4 Read more …

In the past 24 hours, despite the negative predictions of many traders, bitcoin price has remained above the crucial $7,000 resistance level, allowing the crypto market to add $8 billion to its valuation. Dash, Verge, Monero, and EOS are the best performing cryptocurrencies of September 1, recording strong gains in the range of 7 to 12 percent. Tokens with large daily trading volumes like Ontology, ICON, VeChain, Binance Coin, Tron, 0x, and Zilliqa have not demonstrated massive gains against Bitcoin. Read more …

Markets recovering slowly; Dogecoin, EOS, Dash and Monero doing well. Things are looking brighter as we enter the weekend in crypto land. Green is across the board as markets head back over $230 billion and are poised for further gains. Bitcoin made it back across the $7k barrier and has posted a 1.4% gain on the day to trade at $7,070 and further bullish moves are expected. Ethereum is still oscillating between $280 and $290 and cannot seem to make Read more …

New to crypto trading? Read CoinDesk’s full set of guides. Fibonacci retracement. Sounds sophisticated? But what does it do? And does it work? Luckily for traders, Fibonacci retracements are far more than just a nifty word. In fact, it’s the name of a tool used to predict potential support and resistance levels for price action. First, let’s define what this so-called “Fibonacci” is so you have a better idea as to why it is a concept relevant to trading cryptocurrencies. Read more …

The South Korean province of Gyeongsangbuk has become the unlikely location for the latest government-sanctioned crypto experiment, with the news that it plans to set up its own cryptocurrency. The move is emblematic of South Korea’s marked shift in regulatory position on cryptocurrency, from reportedly considering a China-style ban on crypto trading barely nine months ago. Gyeongbuk Coin As reported in Joongang Daily, the new cryptocurrency, called Gyeongbuk Coin is intended to replace gift cards at merchants all over the province, Read more …

Bitcoin may be hard to use even with consumer-friendly tools, while running its core infrastructure is even harder. However, this isn’t stopping efforts to change that. The global, volunteer developer group behind the most popular implementation of the software, Bitcoin Core, is soon to debut its 17th major software release, one which puts to code a number of highly-anticipated changes. Of particular emphasis is improving the software’s default wallet, where user’s bitcoin private keys are stored. Perhaps the most interesting update Read more …

In any nascent market, the price of an asset is often uncorrelated to the success of the underlying industry. And for crypto, it seems to be much of the same, with this budding space seeing its fair share of unrelenting growth, adoption, and success, even though prices may say otherwise. Crypto Sees Rapid Development, Even In The Middle Of Summer In a recent CNBC appearance, Arthur Hayes, BitMEX’s CEO and co-founder, noted that Q3 of 2018 is when the “(crypto) party is going Read more …