Crypto markets still falling; Ethereum, BCH and Cardano dropping, Eternal Token gets epic pump. Things are in decline again in crypto land as the selloff continues and the recent rally unravels. More losses can be seen across the board and total market capitalization is heading back towards $125 billion. Bitcoin is falling back from an intraday high of $3,875 it made a few hours ago. The $4,000 resistance level can no longer be reached and BTC is extending losses. At Read more …
SkyBridge Capital Senior Portfolio Manager Robert Duggan Following a troubling performance on Christmas Eve, on December 26, the Dow Jones recorded a 5 percent increase of more than 1000 points, avoiding a bear market. Technology stocks in the likes of Amazon have recorded strong daily gains possibly due to the oversold conditions the market demonstrated. During Christmas, the e-commerce giant said that it reached record high sales, pushing the stock price of Amazon up 7.1 percent on the day. Investors Read more …
Mining 2018 was a crazy year in regard to the price of cryptocurrencies losing more than 80 percent of their values since they touched all-time highs. Interestingly enough, even though the prices of major digital assets plummeted, the hashrate for SHA-256 coins skyrocketed during the months of August through October. Although the hashrate has declined significantly since the price was severely impacted negatively this past November. Also Read: Crypto Bear Market Triggers Rise in M&A Activity A Look at the Hashrates Read more …
Key Points Bitcoin price failed to correct higher above the $3,840 and $3,900 levels against the US Dollar. There is a major bearish trend line in place with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is currently at a risk of a downside break below the $3,660 and $3,600 support levels. Bitcoin price is consolidating losses above the $3,600 support against the US Dollar. BTC may continue to struggle and Read more …
Taylor Monahan is the founder and CEO of MyCrypto, a free, open-source interface for interacting with the blockchain. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. Last year, I ended my 2017 Year in Review piece with the following statement: “Those who change the world don’t always set out to do so. All it takes is a decision to do something today, do it better tomorrow, and to not stop doing it…ever. One day, you’ll lean back, Read more …
Regulation In an exclusive interview with news.Bitcoin.com, Japan’s top financial regulator revealed its expectations for the self-regulation of cryptocurrency exchanges in Japan. The agency has approved a self-regulatory organization, which it is working closely with to ensure compliance. All 16 regulated crypto exchanges in Japan are members of this self-regulatory organization. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Working Together The Japan Financial Services Agency (JFSA), the country’s top financial regulator, granted the Japan Virtual Read more …
Key Highlights ETH price recovered a few points, but it failed to clear the $130 and $131 resistances against the US Dollar. There is a major bearish trend line in place with resistance at $130 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to struggle near $130 and it may decline further in the short term. Ethereum price is facing an uphill task against the US Dollar and bitcoin. ETH/USD may continue to face Read more …
In December, traders’ investment in the cryptocurrency market has been comparatively better than what it was on Wall Street, as demonstrated by the relative performance of the Bitcoin price and S&P 500 index. S&P 500 Slumps Below Bitcoin Price on 30-Day Chart Bitcoin underwent an impressive bullish correction after falling almost 85% from its all-time high near $20,000. The price at the beginning of December established an interim bottom level at $3,127 before jumping towards its monthly high near $4,237. Read more …
Regulation The committee charged with providing recommendations for the regulatory framework surrounding cryptocurrencies in India is reportedly evaluating the legalization of the asset class under strong regulation. According to a recent report, “There is a general consensus that cryptocurrency cannot be dismissed as completely illegal.” Also read: Report: Indian Government Panel Submits Crypto Recommendations Legalizing With Strong Riders An article published by the New Indian Express on Wednesday claims that the second inter-ministerial committee appointed to discuss the country’s stance on Read more …
Willy Bot in Human Form, former Mt. Gox CEO Mark Karpeles The Wall Street Journal published an article on Tuesday, the gist of which was that computerized trading by quantitative hedge funds is to blame, if blame is to be assigned, for the downturn in the overall market. Leave out a geopolitics that might as well be alien to anyone who didn’t just enter the workforce. Leave out alternative investment opportunities the globe over, including cryptocurrencies. Leave out everything: just Read more …
The United Nations Office on Drugs and Crime (UNODC) will reportedly partner with blockchain-based telemedicine and telepsychology firm doc.com to expand free basic healthcare services across Eastern Africa. News of the partnership was shared with Cointelegraph in an email on Dec. 26. In an officially sealed letter signed on Dec. 20 by Amado Philip de Andres, Regional Representative for UNODC’s Regional Office for Eastern Africa (ROEA), de Andres wrote that the organization is “willing to cooperate […] in a new Read more …
News Madison Holdings Group Ltd. has agreed to buy 67.2 percent of Japanese cryptocurrency exchange Bitocean for 1.68 billion yen ($15.12 million). Inclusive of fees, the wines and alcoholic beverages company will pay a total $30.12 million. According to local media reports, the deal is to be completed through a subsidiary, Madison Labs. Also read: Cryptocurrency Exchanges Delist Dozens of Struggling Altcoins Acquisition to Diversify Operations and Expand Income Sources Madison is an investment holding company popular for selling top-end French Read more …