By CCN.com: This week in crypto saw several interesting developments as regard exchanges, exit scams, and at least one failed ICO-funded company in the form of Giga Watt. Crypto Media Clings to Story of Russian Government Buying Bitcoin, CCN Asks for Proof CCN started the week off by debunking a mythical impending “$ 10 billion Bitcoin
Chainlink (LINK), a decentralized oracle network, has gained significant momentum over the past month as investors continue to make bullish bets on the altcoin’s future. Since December 10, LINK’s price has surged more than 66%, making it one of the top performing cryptocurrencies over the period. Chainlink’s price first took off in December after a series of […]
After a bearish year of perennial price swings that culminated in months of tightly wound sideways movement, the (former) bottom has dropped out for bitcoin and the wider crypto market.
By all rights, it’s a complete reversal of fortune from the explosion of value the market enjoyed this time last year, and mainstream media has had a field day exploiting the irony of the peripeteia bitcoin’s price has suffered when we compare it to the investor euphoria of just a year ago.
The price of Stellar (XLM) has notably outperformed the larger cryptocurrency market over the last month, leading the altcoin to surpass EOS (EOS) in market capitalization. According to data from the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens, XLM now has a $ 5.015 billion market cap while EOS has fallen to $ 4.823 billion. Over […]
Most of the cryptocurrency price action is taking place well outside the top 20 once again. That is not entirely abnormal, as smaller-cap altcoins take far less momentum to note big gains. In the case of MobileGo, its most recent uptrend has pushed the value close to $ 0.8, and it seems $ 1 is a potential target to be hit in the coming days.
In what is a rare, time-sensitive window, bitcoin’s volatility since September 14, 2018 has been less than that of the most popular indexes from traditional finance sectors.
Bitcoin seems to have found a temporary bottom relative to its incredible bull run that saw bitcoin’s price increase more than 1,200% in 2017 alone. 2018, however, has seen a reversal in fortune, as bitcoin started the year in the red and is down over 60% to date.
Bitcoin has been married to volatility ever since the digital currency’s inception in 2009, as bubble-like runs have occurred several times in its nearly 10-year life span.
Bitcoin’s price needs to pass last week’s high of $ 6,810 to revive the prospects of a rally.
Most of the top altcoins are not doing all that great as of right now. Things may improve moving forward, as the IOTA price is slowly carving out some gains over the past few hours. There is still a long way to go to speak of an official uptrend, albeit these early signs appear to be rather promising.
IOTA Price is Moving Up
It is refreshing to see some positive trends forming in the world of cryptocurrencies right now. More specifically, the past week hasn’t seen too much positive momentum, albeit there hasn’t been any real setback either. For IOTA, things have remained at a near status quo for some time now. That is all coming to change, as the value surpassed $ 0.5 again.
In the wake of the bizarre trading activity surrounding most major stablecoins, Goldman Sachs-backed circle has released a report indicating that their USD//Coin (USDC) has seen significant increases in daily trading volumes, a surge in its market cap and widespread adoption across the crypto industry. Since it was launched three weeks ago, USD//Coin (USDC) has seen significant increases […]
REMME CEO Alex Momot spoke with CCN recently about the project’s goal to eliminate the need for passwords and related security problems using something he calls a “digital passport” that operates on a blockchain. Blockchain Tech Can Make Passwords Obsolete Instead of the password/username architecture, each user device is issued an SSL certificate. The certificate
The post Interview: How Blockchain Can Make Passwords a Thing of the Past appeared first on CCN
Chart for ETH/USD (1D)
Ethereum (ETH) and those backing it have some valuable lessons to learn from the past. Of course, the one that tops the list is, “you reap what you sow”. How is this relevant? Well, back when Ethereum (ETH) forked off the original Ethereum chain, for every original Ethereum coin you had, you received two coins, ETH and ETC. Now, most of the miners and developers switched over to the new chain but some stuck to the old chain (ETC) out of respect for principles of immutability and decentralization.
Bitcoin investors who have dutifully monitored cryptocurrency wallets associated with defunct bitcoin exchange Mt. Gox for early warnings of a possible sell-off have been proven justified in their paranoia. Mt. Gox Trustee Confirms $ 230 Million Bitcoin Sale According to a document published on the Mt. Gox website, Nobuaki Kobayashi, the exchange operator’s trustee, sold approximately
The post $ 230 Million: Mt. Gox Trustee Confirms Past Bitcoin Sell-Off appeared first on CCN
Stellar’s native token XLM is one of the few that has been able to keep on its toes and make sure it stays in the green over the past week. Being able to gain over 6.40% within the last 24 hours has put XLM at 1.87% despite some of their competitors being on the double digit negative.
XRP is the third biggest cryptocurrency and has recently faced a increase in competition in the crypto space of cross border payments.
Ripple (XRP) is currently trading within a tight range against Bitcoin (BTC). The price broke the resistance at 45,860 satoshis earlier this month but soon afterwards, it retraced. Initially, the 45,860 satoshis resistance turned into support as the 4H chart above for XRP/BTC shows that Ripple (XRP) formed two red candles after the resistance break. However, both of these candles managed to remain above the resistance turned support line. However, the third candle broke below the 45,860 satoshis resistance turned support and entered a range bound zone once again.
Ethereum (ETH) remains range bound as ETH/USD fails to break the 21 EMA resistance on the daily time frame. The price started trading between $ 324 and $ 250 since August and has yet to break out. EMA alignment for the above chart shows that a breakout is imminent and the price is likely to begin a new rally from here. Wave trend analysis for the above chart also shows that the price could begin another rally at this point but the chances of it breaking past the 200 EMA are very low.
‘Bitcoin is dying’ say the haters. Well actually, it’s not. As a matter of fact, data now suggests that Bitcoin transaction value has finally surpassed that of PayPal’s, closing in on Visa. Let’s face it though, as a world leading transaction facilitator, Visa will take some beating.
Many do argue that Bitcoin as a facilitator for payments is too slow and that scalability problems means it will never be able to cope with the demand seen within the likes of Visa, however, by proving its worth against PayPal, the Bitcoin community now have yet another argument against this.
With each successive crypto bear market, there will more and more industry consolidation. This means that the projects that are essentially vaporware with funds raised through likely-soon-to-be-fraudulent ICOs or airdrops will disappear. So, how should an investor identify projects that have a good chance of recovering from extended bear markets? One way is to monitor technology […]
The price of Nano (NANO), a trustless, low-latency cryptocurrency that utilizes a block lattice architecture, is the best performing top-100 altcoin over the past week after surging more than 40%. Nano’s run-up in price stems from a recent network test that had the Nano blockchain sustaining around 75 TPS over a thirty minute period, with […]
Despite some initial bearish pressure, all cryptocurrency markets are still in a very good place. This situation cannot be sustained indefinitely, but it is a positive sign altogether. Most currencies enjoy a temporary gain, with the IOTA price going up by several percents. As such, its value is pushed back above $ 1.
IOTA Price Makes a Comeback
After a few rough days, it appears the IOTA price is returning to its previous price levels once again. With the value surpassing $ 1, things are looking relatively good for this popular altcoin. This is a direct result of the ongoing positive Bitcoin price trend, which is finally allowing altcoins to gain some lost ground as well.
Over the past year, cryptocurrencies like bitcoin have gained in value and some people have ‘cashed out’ their digital assets in order to purchase cars or a new home. However, some people who have sold cryptocurrencies in the past may have a hard time getting a home loan even though they have the funds to purchase the property. This week on the bitcoin Reddit forum r/btc, a person who attempted to get a mortgage from the U.S. based financial firm, PNC Bank, was denied because he sold cryptocurrencies in the past.