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The crypto market has faced a lot of downward pressure the past few weeks and, as we reported yesterday, so is everything else. Indeed, the week saw an overall 3+% loss in the Dow Jones Industrial Average, and no other exchanges were performing well, either. It’s just a bad time to be a bull, it
The post Bitcoin on the Brink: Will The Crypto Market Go Under $ 100 Billion? appeared first on CCN
TRON (TRX) announced a massive $ 100 million blockchain gaming development fund on Thursday, designed to spur game development on the TRON network. Proud to unveil #TRONArcade, our 100 Million USD Game Fund! This new initiative will revolutionize both #gaming and #blockchain industries. Let’s build the next generation of games together! $ TRX https://t.co/xl1Ynuminf pic.twitter.com/U5KwZwNcAR — Justin Sun […]
SludgeFeed
In the past seven days, the crypto market has experienced a drop of more than $ 63 billion, as major cryptocurrencies recorded double-digit drops. Bitcoin (BTC), the most dominant cryptocurrency in the market, fell by 12 percent from $ 4.300 to $ 3,800, achieving a new yearly low. At its lowest daily point, on fiat-to-cryptocurrency exchanges like Coinbase
The post $ 63 Billion Deleted From Crypto in 7 Days, Ethereum Drops Under $ 100 appeared first on CCN
It has been more than 24 hours since bitcoin scared investors with a sudden 10 percent drop. But there hasn’t been a concrete recovery action — yet. The bitcoin-to-dollar exchange rate has surged 2.21 percent from its previous low at 5291-fiat, now trading at 5408-fiat. The coin’s market cap has risen likewise but remains below
The post Bitcoin Market Cap Slides Below $ 100 Billion as BCH Fork Spooks Investors appeared first on CCN
Bitcoin looks likely to inch higher toward $ 6,800 in the near-term, as the technical indicators have grown increasingly bullish in the last 24 hours.
CoinDesk
Throughout 2018, the cryptocurrency market has lost 75 percent of its valuation. Yet, crypto hedge funds are raising hundreds of millions of dollars from accredited investors and institutions. On November 1, CCN reported that Grayscale Investments, a subsidiary company of cryptocurrency venture capital behemoth Digital Currency Group, raised more than $ 330 million from both
The post Strong Demand: Crypto Hedge Funds are Still Raising $ 100 Million+ appeared first on CCN
It’s been an ugly year for altcoin traders, as the vast majority of coins have lost close to 95% of their value in the ongoing 2018 bear market. However, the recent string of mainnet launches, coupled with numerous altcoin listings on Coinbase, have worked to partially rejuvenate interest in smaller cap digital currencies. For investors more […]
SludgeFeed
Bitcoin has been trading in the very narrow range of $ 100 for seven days – that’s the longest run at such low volatility since April 2017.
CoinDesk
Ethereum Classic (ETC) is highly likely to trade north of $ 100 by end of the year. This does not require a very bullish Bitcoin (BTC). In fact, if Bitcoin (BTC) trades around $ 10,000, that would do the job for Ethereum Classic (ETC). Considering that we still have approximately eighty days till the end of the year, Bitcoin (BTC) might easily reach that level. These are very conservative targets for both Ethereum Classic (ETC) and Bitcoin (BTC). If we see an influx of new capital in the cryptocurrency markets as expected, the situation could be a lot different. If Bitcoin (BTC) reaches a price of $ 25,000 by end of the year as predicted by Tom Lee of Fundstrat, Ethereum Classic (ETC) could reach a price of $ 500.
Alexander Pack, a crypto asset investor based out of Silicon Valley, has teamed up with Bo Feng, one of China’s most experienced investors, to create Dragonfly Capital Partners, a new $ 100 million venture capital fund targeting the digital asset industry. Our new venture fund for the decentralized economy.https://t.co/2qggpGW2BP — Alexander Pack (@alpackaP) October 9, 2018 According […]
SludgeFeed
A recent report by Bank of America Merrily Lynch asserts that rising oil prices stand as a non-trivial threat to global economic growth. If oil prices head above $ 100 a barrel, it could reduce global growth as much as 0.2 percentage points next year, according to the report. However, this outcome is largely dependent on the […]
SludgeFeed
Some have said Bitcoin’s price has hit its bottom and could only go higher, even being bold enough to say that it could go back to its $ 20,000 highs by the end of the year. However, according to one fintech and forex expert, the price of Bitcoin can only get worse. Polish fintech expert who works with Aforti Exchange believes that the Bitcoin evolution, especially over the period between December last year and February this year, is a classic speculative bubble. Even though there have been recoveries over the year, consumer interest and the accompanying trade volume has been steadily declining.
Blockchain payments giant Ripple has formally announced its social impact program ‘Ripple for Good’, with donations to exceed $ 105 million for a number of projects already underway. In an announcement today, the San Francisco-based fintech firm said the social giving program will focus on educational projects that further financial inclusion around the world. Ripple for
The post ‘Ripple for Good’: Ripple Commits $ 100 Million to Social Giving Program appeared first on CCN
There’s something about a prolonged cryptocurrency market downturn that leaves bears jockeying to be the one to twist the final knife in bitcoin’s battle-scarred back. The latest jab comes from Marek Paciorkowski, a financial market analyst at Polish forex platform Aforti Exchange S.A. Speaking in an interview with Romanian financial publication Business Review, Paciorkowski speculated
The post Bitcoin Price Could Crash to $ 100, Claims Forex Analyst appeared first on CCN
In a supernormal rally that almost lost ethereum its silver spot, ripple (XRP) gained about 100 percent in a week. The maximum difference in XRP’s market cap between the week’s lowest and highest level turned out to be almost $ 19.8 billion. That’s nearly a 184 percent jump. True, the valuation dropped after establishing the weekly
The post More than a Ripple: What Pushed XRP up 100% in a Week appeared first on CCN
WeWork, a shared workspace company that has continuously ridden the line between tech and real estate, is about to begin selling its first software product. The company recently announced that it will acquire Teem, a Salt Lake City-based office management software startup for $ 100 million, according to two sources provided to Wired. The six-year-old company […]
SludgeFeed
San Francisco-based cryptocurrency exchange Coinbase is reportedly planning to hire more than 100 employees for its newly opened New York City office, in an apparent effort to boost its connection with the institutional investors found on Wall Street. According to a recent CoinDesk report, the NYC office currently has 20 employees with a goal to bring the number […]
SludgeFeed
Over the past week, nearly 16,000 Bitcoin (BTC) has been transferred from a wallet allegedly formerly involved in Silk Road-related activity to several major cryptocurrency exchanges, including Binance and Bitfinex While these transactions, which were first uncovered by Reddit user sick_silk, undoubtedly indicate that a large BTC holder is looking to at least partially offload his or her position, […]
SludgeFeed
UPbit, South Korea’s largest cryptocurrency exchange and the subsidiary of the notable Korean tech company Kakao, has reportedly pulled in $ 100 million in profits in the third quarter of 2018 alone. These profits came despite UPbit being raided by South Korean government authorities last May after they received a tip that the exchange was defrauding investors by processing trades […]
SludgeFeed
UPbit, South Korea’s biggest crypto exchange, has seen a profit of $ 100 million in the third quarter of of 2018, despite the bear market and decline in trading volume. According to the data released by Repository of Korea’s Corporate Filings (DART) obtained by mainstream media outlet Yonhap, UPbit saw a profit of just over $ 100
The post Korea’s Biggest Crypto Exchange UPbit Makes $ 100 Million Profit in a Bear Market appeared first on CCN
