The bellwether cryptocurrency recently hit a low for 2018, dipping below $6,000 but has made a strong showing so far in July, rising to the $6,600 level.
What does this mean for cryptocurrencies’ attempts at recovery in the coming season?
Rod Turner, CEO of Blockchain crowdfunding platform Manhattan Street Capital, predicts “crypto investor interest will rise for stronger cryptocurrency offerings with true large-scale potential.”
On the SEC news, the crypto market responded with a universal exhale as the news drove Bitcoin prices above $6,000.
Further, in an interview with TheStreet, Bitcoin super-bull Tim Draper said he sees a $250,000 price tag for Bitcoin in 2022.
Hackers Stole Almost $1Billion In Cryptocurrencies In 2018: Study Finds Fraud of cryptos through hacking of exchanges and trading platforms rose to $927m in the first 9 months of 2018, up nearly 250% from the level seen last year, according to a report from US-based cyber security firm CipherTrace released on October 10th. The $166 […]
Some of you who are reading this are probably hoping and hodling for a miracle, with portfolios in the…
The post 10 Promising Cryptocurrencies to Watch in Q3 2018 appeared first on Invest In Blockchain.
The EU’s Policy Department for Economic, Scientific and Quality of Life Policies released a report entitled “Virtual currencies and central banks monetary policy: challenges ahead.
2018 Coin Staking Guide Of the various consensus types powering crypto platforms and networks, none has been more recently discussed as the Proof of Stake. This is not surprising given its many benefits and increased preference to bitcoin’s proof of work consensus.
At Crypto Daily, we have been exploring a comparison of cryptocurrencies and video games. The two fields draw interesting comparisons when you consider how both the technology behind cryptocurrencies and video games are similar and, most importantly, how together, the cryptocurrency and video game communities share a lot of common features.
PwC, a world renowned professional services firm have announced some new figures that suggest in 2018, sales figures for cryptocurrencies have doubled since figures recorded in 2017. Whilst this is hardly a surprise, it does provide evidence that cryptocurrencies are still growing, and of course provides a great deal of promise for those who wish to see cryptocurrency adoption enter our societies.
That is, ETFs which – instead of investing in cryptocurrencies themselves – invest in companies developing, or based on, blockchain technology. Blockchain-based ETFs can be viewed by traditional investors as a less risky way to capitalize on the new blockchain economy.
Messaging app Line has become one of the latest companies to get involved with cryptocurrencies. It will be launching its own digital currency exchange BitBox in July 2018. The new platform will support 30 tokens, with four prominent cryptocurrencies already announced, namely: Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
Market action during June has seen a significant slump in trade volume, with the majority of the ten most traded cryptocurrencies experiencing a drop in volume of between roughly 17% and 57% when compared with May.
Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), says they are keeping a close watch on cryptocurrencies and initial coin offerings (ICOs), as stated in the 2017–2018 annual report titled “Regulation for Quality Markets,” released on June 27.
XRP/USD Long-term Trend: Bearish Supply Zone: $0. 50, $0. 55, $0. 60 Demand Zone: $0. 45. $0. 40, $0. 35 The XRP/USD pair was also in a downward trend like the other cryptocurrencies. The price of Ripple was $0.
On June 14, 2018, the Securities and Exchange Commission (SEC) director of corporate finance made waves in the cryptocurrency space when he commented at Yahoo Finance’s All Market Summit: Crypto that ether is not a security.
The total market cap of all cryptocurrencies has lost almost $600 billion since January 2018 - is there a bottom in sight? Let’s see what the charts say
The total market cap of all cryptocurrencies has lost almost $600 billion since January 2018 - is there a bottom in sight? Let’s see what the charts say
This week, the U. S. Department of Justice and other law enforcement agencies banded together to bring down some bad actors on the dark web. EOS is undergoing some growing pains with the launch of its network, exposing the trials and tribulations of an all-too-centralized governance model.
The Maltese Parliament has voted into law three cryptocurrency and blockchain bills, making Malta one of the most desirable locations for setting up blockchain enterprises.
Cryptojacking malware activity rose a staggering 629 percent in the first quarter of 2018, according to a new report published by cyber security firm McAfee Labs June 27. Cryptojacking is the practice of using a computer’s processing power to mine for cryptocurrencies without the owner’s consent or knowledge. The McAfee Labs Threats Report for June
Bitcoin has seen a massive decline in 2018 and it looks like it may get worse before it gets better. It is leaving investors grasping for reasons why the world’s top cryptocurrency is falling so hard, with some wondering – could this be it for Bitcoin? Has Bitcoin Lost Its Way? Interest in Bitcoin – and cryptocurrencies in general – reached a frenzied pitch back in December of last year as mainstream media sources scrambled
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The post Bitcoin Hasn’t Lost Its Way – It’s Just Getting Started appeared first on Bitcoinist.com.
The digital currency slid to about $5,861 early Friday, according to composite Bloomberg pricing, touching the lowest since November. Rival coins including Ethereum, Ripple and Litecoin also retreated.
Last week, Bithumb – one of South Korea’s largest digital currency exchanges – was hacked for $31 million in various cryptocurrencies. Announced on June 28, 2018, Bithumb confirmed the recovery of nearly half the stolen funds.
It is evident the year 2018 has not been kind to Bitcoin and other cryptocurrencies. With the prices still in the dirt compared to late 2017, interest in these assets should be waning. According to some experts, that is anything but the case.
The U. S. Department of Justice, in cooperation with the Immigration and Customs Enforcement’s Homeland Security Investigations (HSI), the Secret Service (USSS), the Postal Inspection Service (USPIS) and the Drug Enforcement Administration (DEA), have apprehended more than 35 dark web drugs and arms dealers in a nation-wide bust.
Social media giant Facebook has officially relaxed its policy on prohibited financial products and services, now allowing Cryptocurrencies to be advertised on the platform if the advertisements do not contain information regarding Initial Coin Offerings (ICO’s) or binary options.
Hip-hop star YG and an all-star cast of rappers, including 2 Chainz, Big Sean, and Nicki Minaj recently dropped the single “Big Bank. ” With lyrics about Bitcoin, Big Sean is the latest rapper to publicly express enthusiasm for cryptocurrencies.
Bitcoin Press Release: The Mazzuma platform enables instantaneous transactions using an application layer transaction processing protocol which solves the scalability issues that has plagued a lot of cryptocurrencies.
The cryptocurrency boom in December 2017 and January 2018 injected cryptocurrencies into the mainstream. Popular news outlets were flooded with news about the price of Bitcoin, yes, whilst Bitcoin did see some impressive momentum, other cryptocurrencies such as Ripple XRP actually managed to make more of an impact, despite only moving up to a value of $3.
BTC pairings were found to comprise approximately 33% of the roughly “$12 [billion] in traded volume at press time for 18 June 2018. ” ETH pairings represented 12% of total volume, followed by BCH with 3%, and XRP and LTC with 2% each.
It’s time to refresh yourself, what’s happened with the markets? What’s happened with the news? If these are the questions you are asking yourself, panic not, the crypto refresh is here.
The crypto refresh is designed to do one thing – that is, to summarise the weeks crypto news into one bitesize chunk.
This week, leading South Korean crypto exchange Bithumb experienced a major hack, while Mt Gox, the most notorious exchange to be hacked in bitcoin history, is also back in the news.
Since the launch of bitcoin by Satoshi Nakamoto as far back as 2009, quite many cryptocurrencies have made their way into the market. Presently, there are more than 1600 blockchain-based digital assets on the market.
The Bank for International Settlements (BIS) dedicated a full chapter to cryptocurrencies in its 2018 Annual Economic report prerelease. The report concluded that design flaws and cumbersome cost of establishing decentralized trust make cryptocurrencies fail as a viable money substitute.
Ripple’s CEO Brad Garlinghouse appeared in an interview on June 21st, 2018 with CB Insights to talk more on the future of FinTech and further discuss his company, Ripple, in detail. This year, XRP price has ranged from about 50 cents to 4 dollars which communicates high volatility.
The European Union, on Tuesday, published its Fifth Anti-Money Laundering Directive (Directive (EU) 2018/843) that strengthens the organization’s rules to detect and prevent illegal routes through which money is laundered in or out of the member nations.
Only a third of these millionaires said they got information about cryptocurrencies from their asset managers. Although the general public is still skeptical about cryptocurrencies like bitcoin, an increasing amount of people express a wish to understand it better.
Yesterday, we saw news of another hack of the South Korean cryptocurrency exchange, Bithumb, the hack, resulted in the theft of over $30 Million. Just over a week ago, we also saw a similar scale hack take hold of (another South Korean cryptocurrency exchange) Coinrail, this time, we saw theft in excess of $40 Million.
Gold Coast, Australia, Friday 22 June 2018 – As a clear sign of the greater adoption of cryptocurrencies by…
The post Merchant Sells Shares in a Land Development Company for Cryptocurrencies Bitcoin and Ethereum on Ecryptostore.com appeared first on Invest In Blockchain.
Tether Ltd. , which issues a stable coin allegedly tied to U. S. dollar reserves, claims it has hired Freeh Sporkin & Sullivan LLP — a law firm co-founded by FBI Director Louis Freeh — to confirm its bank deposits and assure investors that its cryptocurrency is backed by USD.
On June 19th 2018, just before 2PM London time, Bithumb was hacked out of $30 million worth of cryptocurrencies. How the hack happened exactly we do not know. Bithumb has...
The post Ripple Market Sold, LTC Market Bought, Bithumb Hack as the Charts Tell It appeared first on Trustnodes.
Since the beginning of 2018, the entire cryptosphere has been hit with quite many challenges from regulators all over the globe. Recently, social media platforms including Facebook, Twitter and others banned crypto-related adverts and initial coin offerings (ICOs) on their platforms.
The Capgemini World Wealth Report 2018 has revealed the rich are getting richer — and want better advice from their wealth managers on cryptocurrency investments. According to the report published June 19, 2018, high net worth individuals (HNWIs), with at least $1 million to invest outside of their main property investments, aren’t getting enough information about cryptocurrency investing from their wealth managers.
\Chain Accelerator has launched in France. It is the first startup acceleratordedicated to the blockchain that can call Europe its home. Among the organization’s chief operators are Hyperloop Transportation Technologies chairman Bibop G.
On June 29, 2018, Bloomberg will host a half-day, invitation-only "The Future of Cryptocurrencies" event at Bloomberg’s offices in the heart of London, England. The event will focus on the future of cryptocurrencies, where subject-matter experts and leading industry players from the virtual currency market will discuss crypto's regulatory future, the factors driving its volatility and potential trading strategies.
Around Christmas time, investors in the majority of cryptocurrencies thought they were being spoiled and would soon be able to splash out on extravagant gifts as the value of the currencies shot up to amazing highs – but over the past few months, we have seen the market correcting itself back down to typical levels.
The “Future of Cryptocurrencies” is a first-of-its-kind live TV show where key players in the digital currency ecosystem discuss pertinent issues concerning the nascent digital asset space.
Many predictions regarding the price of Bitcoin was made in late 2017 down to early 2018. For those who have followed cryptocurrencies for a while, especially crypto investors, predictions from researchers and experts are very common in the digital space.
Bitcoin Press Release: On June 29, 2018, Bloomberg will host a half-day, invitation-only “The Future of Cryptocurrencies” event at Bloomberg’s offices in the heart of London, England. June 15th, 2018.
Mining With demand for cryptocurrency mining hardware having sharply declined following the onslaught of 2018’s bear market, reports are indicating the companies operating in the supply chain behind mining hardware are increasingly seeking alternative revenue streams to offset falling demand from the mining industry.
Tim Draper, the venture capitalist known for early investments in Skype and Tesla, is once again ruffling feathers with his sky-high Bitcoin prediction. In a recent interview, Draper claimed the world’s most famous cryptocurrency could soar to a mind-boggling $10 million, fueled by widespread adoption and a weakening US dollar. “Now, $250,000 or a million, […]
Tim Draper, a longtime advocate of Bitcoin and blockchain, has quickly become one of the most prominent figures in the blockchain and venture capital world.
The post Tim Draper Crypto Industry Highlight appeared first on CoinCentral.
Advancements in AI have made it possible to create deepfake videos and voices in which scammers write the scripts to try and illegally obtain others' crypto.
Tim Draper elucidates his vision for Bitcoin’s transformative role in redefining the future of currency and commerce. Bitcoin (BTC) has become a focal point of discourse. Esteemed American venture capitalist, Tim Draper, has championed this discourse, asserting that Bitcoin’s emergence…
Standard Chartered Bank has revised its bitcoin price prediction, forecasting a rise to $120,000 by the end of 2024. The renewed push for a bitcoin exchange-traded fund (ETF) by BlackRock and other institutions could potentially propel the cryptocurrency even higher.…