The imbalanced peg between the US Dollar and Tether LLC’s USDT has resulted in a $ 300-spread in Bitcoin price. At the press time, the aggregated Bitcoin-to-dollar exchange rate on non-Tether exchanges is approximately 6430-fiat. Meanwhile, on Tether exchanges like BitFinex, the same forex rate is above 6700-fiat. The strange trading activity, which started surfacing on
German digital currency exchange Bitcoin Group SE reported on Friday a first-half net profit increase of more than 300% to €3.32 million (~$ 3.85 million USD). The company added 86,000 new accounts of people buying and selling cryptocurrency like bitcoin and bitcoin cash in the first six months of 2018.
Bitcoin Group SE Profits Rise 300% on Increased Customer Traffic
Bitcoin Group SE today reported its net profit soared 306% to $ 3.85 million in the first half of the year as more people bought and sold cryptocurrency through the German exchange. A year earlier, profit was at $ 0.95 million.
Ethereum (ETH) is in a strong descending channel since the beginning of the current market correction. The 4H chart above for ETH/USD shows us exactly how Ethereum (ETH) has found support at the bottom of the descending channel in the past and then rallied from there. It also shows us what happened at each point where Ethereum (ETH) failed to break the downtrend resistance of the descending channel. Ethereum (ETH) first ran into the downtrend resistance during the beginning of the correction.
Ethereum (ETH) has deepened problems for itself the last few days as the price has fallen through a series of supports which have now turned into resistances. The price on the 4H chart for ETH/USD above does not seem likely to break above the near term $ 202 resistance any time soon. This does not mean though that the price will fall below the support at $ 191 at this point. It would be very unlikely for that to happen at this point.
According to Kevin Rooke, a cryptocurrency researcher, Ethereum and EOS currently have a combined eight decentralized applications (dApps) with more than 300 active users. Yet, both blockchain networks have multi-billion dollar market valuations with Ethereum at $ 28 billion and EOS at $ 4.6 billion. Are Current dApp Usage Rates Not Important? Last year, Coinbase co-founder and
The post Ethereum and EOS Only Have 8 dApps Combined with 300+ Active Users appeared first on CCN
The ethereum price clawed its way back to $ 300 on Wednesday as the wider cryptocurrency market experienced a double-digit recovery. Ethereum suffered a colossal sell-off during the early part of the week, dipping as low as $ 249 on Monday and leading many to wonder whether the second-largest cryptocurrency’s status as a launchpad for initial coin
The post Newsflash: Ethereum Price Claws Its Way Back to $ 300 as Market Adds Billions appeared first on CCN
Bitcoin prices gained $ 300 in less than one minute August 22 in a leap the cryptocurrency community is broadly attributing to Hong Kong trading platform BitMEX going offline.
Bitcoin Hits $ 6750 In Record Time
Data from various price trackers confirms Bitcoin’s increase to $ 6750 occurred almost simultaneous as BitMEX began a period of scheduled maintenance.
The maintenance ran from 0100 UTC to 0200 UTC Wednesday, during which time BTC/USD 00 hit a peak of $ 6850 before correcting to around $ 6680, where it has since remained.
A bit of an uneasy situation remains present in the cryptocurrency world as of right now. The Bitcoin price momentum appears to be running out of steam, and it is directly affecting most of the altcoins. It seems today will be another tough day for the Ethereum price, as remaining above $ 300 has proven to be an impossible task as of late.
Ethereum Price Struggle Remains in Place
There is no real reason for the Ethereum price to go through an extended period of bearish pressure. Especially now that the value of Bitcoin has risen again, one would expect the world’s second-biggest cryptocurrency by market cap to see similar momentum. Unfortunately, that is not how the cryptocurrency industry works these days, as the Ethereum price has suffered from numerous setbacks in recent weeks.
Even though Canada has become a very important country for cryptocurrency mining, it seems things are changing behind the scenes. The Quebec provincial regulator has decided to allow utility providers to hike electricity prices for Bitcoin miners. As such, the rates will be increased by up to 300%, which might make the mining process unprofitable.
Big Changes Ahead for Hydro-Quebec
It was announced last week that Quebec’s Régie de l’énergie was not too happy about the influx of cryptocurrency mining operations. Although the province has no shortage of renewable energy, there are growing concerns over how the growing number of mining operations are putting a lot of pressure on the power grid. This issue is not unique to Quebec by any means, though, as other regions around the world have voiced similar concerns over the past few months.
Bitcoin’s price is enjoying a healthy, $ 300 spike. After yesterday’s price of $ 6,600, bitcoin is now trading at a solid $ 6,900.
One reason for the jump may stem from new details regarding India’s stance on cryptocurrencies. Over the past few days, several sources have reported that India was entertaining a permanent ban on bitcoin and other digital currencies so it could focus on creating a national cryptocurrency for users to enjoy. This sent bitcoin into a long spiral, and the news was widely blamed for the currency’s drastic fall.
Bitcoin has endured another $ 300 slump. After trading at nearly $ 8,900 and giving many advocates hope that it could potentially reach $ 9,000 in the coming days, the father of cryptocurrencies has ultimately shrunk back.
Overall, both bitcoin and ether fell nearly four percent from yesterday’s “highs” following what appeared to be a steady week of small, yet noticeable growth. Analysts widely claim that the jump may have been a result of bitcoin striving to spike above fear surrounding Binance, the Hong Kong-based cryptocurrency exchange also operating in Japan.
Cryptocurrency advocates woke up to the good news that bitcoin is trading for around $ 8,900. Bitcoin is expected to break $ 9,000 by next week as markets and regulators alike appear to be taking on a more bullish stance.
Bitcoin spent nearly 24 hours hovering in limbo. Stuck at the $ 8,600 mark, traders were unclear about whether the short, sporadic price hikes Fundstrat’s Thomas Lee recently spoke of would occur in the immediate future. Now, it appears the analyst’s predictions are inching closer to reality.
**On today’s episode of The Cryptoverse:**
I do a mini market roundup and an update to date chart reading of the major coins.
Learn how to make money with Bitcoin and cryptocurrencies at:
**Request a video topic here**
**Please Support The Cryptoverse And Boost Cryptocurrency Adoption By Becoming A Patron:**
**Tip Me With Crypto:**
**My Social Channels**
**Here are a few services I recommend:**
Ledger Hardware Wallet: https://www.ledgerwallet.com/r/d1da?path=/products/12-ledger-nano-s