By CCN Markets: Facebook’s cryptocurrency Libra seems to have unsettled governments everywhere. The governor of Banque de France, Francois Villeroy de Galhau, is the latest to announce reactionary measures designed to contain the digital currency. Task Force to Develop Crypto Regulations According to Reuters, Villeroy de Galhau has revealed that France is forming a task force drawn from G7 member countries. The responsibility of the task force will be to ensure cryptocurrencies such as Libra are properly regulated: “We want to combine being open to innovation with firmness on regulation. This is in everyone’s interest.” The task force will be
Comcast Spectacor, a Philadelphia-based sports and entertainment subsidiary of Comcast, announced this week that it has partnered with SK Telecom, the largest mobile operator in Korea, to create a new joint venture: T1 Entertainment & Sport. The new venture will feature SK Telecom’s T1 League of Legends Champions Korea (LCK) team, in addition to new […]
The much-anticipated launch of Black Ops 4 League Play has been delayed until mid-February, according to a recent post by Treyarch. The reasoning behind the delay is seemingly tied to a flurry of last-minute changes to the League Play rules, including improvements to the ladder system and restrictions on restrictions on Specialists, maps, modes, weapons, Equipment, Attachments, Perks, Scorestreaks, Wildcards […]
The case against the crypto banking ban by the Reserve Bank of India (RBI) was unexpectedly heard at the country’s supreme court on Thursday. However, senior advocates for the parties were reportedly absent, so a new date has been set and the crypto case will be “top of the list” on that date.
Caught by Surprise
The Indian supreme court was scheduled to hear the petitions against the crypto banking ban imposed by the country’s central bank, the RBI, on Tuesday after repeatedly postponing it last year.
Bitcoin has tumbled again today as the market continues to see further downward movement shortly after breaking two areas of market support. So far, bitcoin is down 15% on the day — 25% in 1 week:
Figure 1: BTC-USD, Daily Candles, Downward Continuation
This drop below support is starting to display hallmarks of market capitulation. After most of the sellers got out of the market earlier this year, bitcoin managed to consolidate sideways for about 9 months in the form of a descending triangle.
Monero (XMR), a privacy-focused cryptocurrency, recently implemented Bulletproofs, a new cryptography feature that works to reduce blockchain size, transaction times, and ultimately lower fees. However, despite the notable drop in transaction costs, not all cryptocurrency exchanges have updated their fee structure, prompting members of the Monero community to begin a reach-out campaign to push the matter. One Reddit […]
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In an attempt to halt the exodus of financial innovation, Switzerland has reportedly made it easier for companies working in the cryptocurrency and blockchain space to open corporate bank accounts. According to a recent report by Reuters, the Swiss Bankers Association (SBA) issued guidelines on Friday to banks who may want to do business with […]
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, […]
It has always been very difficult to predict the future cryptocurrency market momentum. Especially with the declining overall trading volume, it is impossible to make sense of these recent changes. Right now, it appears most currencies enjoy a positive spell, but looks can be deceiving. Even so, the TRON price is firing on all cylinders, for the time being.
TRON Price Gets in the Green Again
It is always interesting to see how individual cryptocurrencies grow and evolve over time. Even though the year 2018 has been very challenging for a lot of projects in this regard, there are positive spells to take note of as well. For the TRON price, the current market momentum is rather positive. How long this current spell will last, is a very different matter altogether.
In our previous discussion, a strong possibility for a retest of the low volume spring was noted as the market was beginning the early stages of an inverted head-and-shoulders (H/S) reversal (sometimes called a head-and-shoulders bottom). A couple days ago, shortly after testing the left shoulder of the head-and-shoulders reversal (H/S), the market reacted strongly and the price jumped several hundred dollars:
Figure 1: BTC-USD, 1-Day Candles, H/S Bottom
All cryptocurrency markets have taken a surprising turn for the worse, although it remains unclear why this has happened exactly. The Bitcoin price is getting battered right now, which spells a lot of trouble for all altcoins. The EOS price clearly feels the pressure, as it is dropping value a lot faster than most people would have assumed possible.
EOS Price is Heading South
Every time the Bitcoin price loses value, altcoins will be affected in spectacular fashion. So far, these developments have been anything but positive for alternative cryptocurrencies. The EOS price is a good example of how dire things can get in fairly quick succession. Even though the currency has seen a good run throughout early 2018 – despite the overall net losses – finding stability has proven to be a major challenge.
It seems the cryptocurrency markets will close the weekend in the low red. Most currencies have lost value in the past 24 hours, whereas a few others have gained a bit of value in the process. A remarkable trend, yet also an aspect that makes cryptocurrency so appealing. The NEO price, for example, is trying to mount somewhat of a comeback in this regard.
NEO Price Surpasses $ 30 Again
Over the past few weeks, there has been very little focus on NEO or the NEO price among cryptocurrency speculators. With all cryptocurrency markets suffering from unrelenting bearish pressure, it seems some altcoins are on the verge of becoming far less appealing in this regard. For NEO, that situation is seemingly changing again.
With all of the cryptocurrency markets in another interesting situation, it remains to be seen how things will evolve. While most of the markets are in the green once again, it will be interesting to see how long this momentum will remain in place. For the time being, the Stellar price is showing solid momentum, which is interesting to keep an eye on.
The momentum across all cryptocurrency markets has seen many ups and downs over the past ten days. That situation will not come to change anytime soon, even though the current trend is seemingly rather positive. If the Ethereum price is any indication, things may effectively pick up steam from here on out.
Ethereum Price Rise Materializes
Over the past 24 hours, there has been a small Ethereum price increase investors will have taken notice of. More specifically, it seems the market has seen a small influx of fresh capital, resulting in a slightly higher trading volume and an Ethereum price which now sits above $ 600 once again.
The big question this week is whether or not the cryptocurrency markets will recover or continue to suffer from bearish pressure. So far, it seems as if some minor gains will be noted throughout the day, although Bitcoin is still struggling in this regard. The XRP price, on the other hand, is slowly making its way back to the $ 0.75 mark. A positive trend that may effectively spell positive things to come for other cryptocurrencies.