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Not a lot has changed since our last markets update four days ago as cryptocurrency markets continue moving sideways in a consolidated pattern. The top five digital assets have seen modest northbound gains this week, with increases between 1-5% over the last seven days. This Sunday, Oct. 21, the entire cryptocurrency economy of over 2,000 digital tokens is valued at $ 214.4 billion.
Also read: New Qart Wallet Gives Bitcoin Cash QR Codes a Personal Touch
South Africa is the most cryptocurrency-friendly country in Africa, according to the 2018 World Payments Report by French banking group BNB Paribas and IT company Capgemini. Compared to other major economies on the continent, South Africa has allowed digital currency-based payments, trades and investments to flourish almost unhindered.
Also read: African Cryptocurrency Exchanges Forced to Step-Up Security
The report, released Oct.17, concluded that digital payments, including cryptocurrencies like bitcoin, have grown sharply all around the world, and “are experiencing a boom, driven by developing markets”, including Africa.
Volatility has quickly returned as the global markets pulled back in a major way Wednesday. Now, the S&P 500 Volatility Index (VIX) is up over 61% in the last 24 hours, bringing it to levels last seen in March of this year. More pain followed after U.S. markets closed as major European indices started trading down […]
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Bitcoin lost almost 5 percent in minutes on October 11th, dragging altcoins down as cryptocurrency markets followed stocks in a fresh tumble.
Data from Coinmarketcap captures a sudden slide for BTC/USD taking the pair down over $ 400 in a 30-minute window beginning around 11:00 p.m. on October 10th.
By 12:00 a.m. EST, Bitcoin (BTC) 00 had reached a low of $ 6087 – a maximum drop of $ 470 – while managing to sustain support to keep trading above the $ 6000 barrier.
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned
The post Cpublic Exchange Ready to Shake up Cryptocurrency Markets with Release of Groundbreaking Exchange and ICO appeared first on CCN
With the crypto markets being inactive for the past few days, it’s no surprise that they hit back with the old rinse and repeat cycle which has become all too common recently. This has left Stellar, Etherum and XRP are miss with the markets heading into a slump.
The latest ‘sell-off’ has resulted in the markets falling back to a total capitalisation of $ 215 billion and remaining in their sideways channel.
After a 2% drop, Bitcoin is worth $ 6,480 at the time of writing.
Continue reading Another Loss For XRP In The Markets at Crypto Daily™.
A lot of cryptocurrency traders are sick of hearing about “manipulation”. They just want to buy and sell bitcoin in peace, without Twitter accounts such as Bitfinexed banging on about unnatural market movements. It was thus with some dismay that New York’s Virtual Markets Integrity Initiative was greeted. The report, which dropped yesterday, predictably contains allegations of market manipulation. But it also contains some fascinating ancillary insights.
Also read: US Confiscates Millions in Cryptocurrencies in Alphabay Forfeiture Case
Evolve Markets has announced the addition of Tezos (XTZ) trading to its platform — which currently allows users to trade Bitcoin, emerging altcoins, and other currencies on the Metatrader 5 platform.
Evolve Markets is a FOREX, commodities, indices, and cryptocurrency trading platform which lets users trade Bitcoin, emerging altcoins and other crypto assets on the Metatrader 5 platform.
Evolve Markets is most commonly known for allowing users the ability to leverage up to 50X, while boasting orderbook trade matching, full depth-of-market, and Bitcoin (BTC) and Litecoin (LTC) base currencies. For Tezos, Evolve offers 2x leverage — and is currently the only platform to do so.
Cryptocurrency prices are back on the mend after a great majority of digital assets plunged last week losing 10-20 percent or more in value. Since then, the digital currency economy has regained some strength bouncing back from a low of US$ 186 billion to $ 205 billion on Saturday, September 15.
Also read: Test Driving the Money Button — Simple Enough for a 9-Year Old
Many altcoins have posted significant losses in recent days, with ETH currently testing price levels not seen in over 12 months after losing 40% in roughly one week. The declining value of altcoins has also driven BTC to continue to establish new highs for market dominance during 2018.
Also Read: Chinese Report Finds 9 in 10 Altcoins to Have Stolen 80% of Their Code
The heavy losses sustained by many leading altcoin markets have led BTC to continue to further its market dominance over other cryptocurrencies. As of this writing, BTC has a market dominance of 57.6% and is trading for roughly $ 6,300 USD.
Tezos on Tuesday appreciated 12 percent against the US Dollar, recovering from the long bearish correction from September 10. XTZ/USD opened today while trading at 1.270-fiat on Gate.io exchange. The pair continued its corrective phase in the early Asian trading hours and formed lower lows towards 1.256. As the session matured, bulls and bears were
The post Tezos Price Nears 12% Spike on a Bearish Day for Crypto Markets appeared first on CCN
According to Coin.dance, the first week of September has comprised the weakest on record for global peer-to-peer (P2P) trade volume on Localbitcoins. The considerable lull in trading activity appears to have pervaded across the vast majority of Localbitcoins markets, with only half a dozen national markets posting volume that is comparable to the trading activity experienced in recent weeks.
Also Read: How to Buy Bitcoin Without Disclosing Your Identity
Coin.dance data claims that only 864 BTC were traded during the week of the 8th of September on Localbitcoins – the lowest on record in the five and a half years in which the company has been compiling data when measuring in BTC.
The U.S. Securities and Exchange Commission (SEC) has halted trading of two foreign cryptocurrency investment products, including one that investors commonly referred to as the “Swedish bitcoin ETF.” SEC Leashes Bitcoin & Ethereum Investment Products The SEC announced the temporary trading suspension on Sunday, while U.S. markets were closed for the weekend, claiming that “there … Continued
The post SEC Halts U.S. Trading of Swedish ‘Bitcoin ETF’, Bitcoin Markets Not Impacted appeared first on CCN
Many investors hoped Bitcoin’s price would rally as pressure increases on emerging market currencies like the Turkish Lira. Instead, Bitcoin is following the downward trend of these currencies.
Economist Panos Mourdoukoutas, writing for Forbes, describes the prospect of Bitcoin replacing national currencies as a myth.
Mourdoukoutas believes that Bitcoin (BTC) 00 is following the crash of emerging market currencies like those in countries like Turkey and Argentina. These countries have massive US dollar debts, and their home investors are seeking new opportunities to protect their wealth. Instead of looking to Bitcoin and other cryptocurrencies as a new investment vehicle as some might expect, these investors are looking elsewhere. This includes traditional investment opportunity of gold.
Malware aimed at Bitcoin ATMs is being sold in underground markets, according to Trend Micro security researchers. For $ 25,000, malware exploiting a service vulnerability allows users to nab bitcoin price equivalent in euros, USD, or British pounds.
Also read: Bitcoin’s Hopeful Numbers: 70% Familiar in the United States
Senior Threat Researcher at Trend Micro, the firm alerting enthusiasts, Fernando Mercês, explained, “Unlike regular ATMs, there is no single set of verification or security standards for Bitcoin ATMs. For example, instead of requiring an ATM, credit, or debit card for transactions, a Bitcoin ATM involves the use of mobile numbers and ID cards for user identity verification.”
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned
The post Official Launch of Liquid, a New Crypto Platform Opening up Liquidity for Crypto Markets Worldwide appeared first on CCN
This week Panda Exchange, a cryptocurrency trading platform, led by the Colombian team Panda Group and CEO Arley Lozano, announced that Panda users now have access to its EUR markets for residents who live in member countries of the SEPA. Panda Exchange has been expanding quite a bit this year and just recently opened a branch in Portugal, which helped bolster SEPA integration. Moreover, the trading platform also offers a Bitcoin Cash (BCH) pairs market with nine other cryptocurrencies.
Also read: Major Indian Bitcoin Exchange Discusses the Aftermath of RBI Ban
Fundstrat’s Tom Lee, a Bitcoin permabull known for his optimistic price targets for the dominant cryptocurrency, has said that Bitcoin will likely end the year explosively higher possibly at $ 20,000. In an interview with CNBC, Lee stated that over the past year, Bitcoin, which has failed to show a correlation with the broader financial market
The post Tom Lee: Bitcoin to Hit $ 20k in 2018 Despite Struggle of Emerging Markets appeared first on CCN
This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned
The post ORBISE Enters New Markets with CoinDeal Listing appeared first on CCN
Emerging market currencies continue to lose ground against the USD, as investors flee the developing markets amidst contagion concerns stemming from the Turkey crisis, looming global debt of approximately $ 3.7 trillion, and fears of an intensified U.S. trade war. The latest victim, the Argentine peso, has recently hit a record low, prompting the country’s central bank […]
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