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Crypto
Crypto Market Growth
The price of Tether (USDT), a crypto stablecoin backed by the US dollar pegged to $1, has fallen by around 4 percent in the past 24 hours to $0.96. As USDT fell, it became more expensive for traders to purchase major cryptocurrencies like Bitcoin and Ethereum with USDT, pushing the premium of cryptocurrencies up on...
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Ethereum Sell-Off in August Shows
According to cryptocurrency analyst Eric Thies, the crypto market may have hit a bottom in September as the price of Ethereum (ETH) declined by more than 50 percent. Since delving below the $180 mark, ETH has since recovered to $230, likely due to the demonstration of massively oversold conditions by the market in late September. ETH...
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Venezuela is reportedly looking to lunch a central bank for cryptocurrencies, as the country’s National Constituent Assembly is preparing to reform the Venezuelan Constitution to include it, along with a court above its Supreme Court. According to Reuters, information on the development was provided by Hermann Escarrá, which the outlet describes as “one of the most...
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Make sure you check out our previous edition here, now let’s go over what happened in crypto this week. Also, make sure you subscribe for this week’s edition of The CCN Podcast on iTunes, TuneIn, Stitcher, Google Play Music, Spotify or wherever you get your podcasts. Price Watch: The bitcoin price is down 12% this week following a loss of 15% last week. Bitcoin had been hovering around $8,000...
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A research which studied user data leaks from cryptocurrency exchanges has revealed that Americans are the main targets for cryptocurrency hacks. The study was conducted by Group-IB, a Russian based computer forensics and information security firm, who revealed their findings in a report titled “2018 Cryptocurrency Exchanges-User Accounts Leaks Analysis.” The firm revealed that in 2017, the...
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Cryptocurrency-collateralized loan provider SALT Lending has announced that it is now operational in 35 U.S. states after receiving regulatory approval to expand its network to 20 new localities. The Colorado-based firm is perhaps the best known of several companies that allow borrowers to stake their bitcoin and other cryptocurrency assets as collateral when applying for a loan, enabling them...
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As the founder of the first U.S. cryptocurrency hedge fund, Dan Morehead has seen his share of bitcoin bear markets. Speaking with CNBC on Wednesday, the Pantera Capital CEO said that he has a simple message for bitcoin investors selling into a market that has already experienced a 67 percent decline from its all-time high: stop overreacting....
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Japan’s primary financial regulator is reportedly looking at updating its regulatory framework for the cryptocurrency sector to curb speculative investments. In April 2017, the Financial Services Agency (FSA) – Japan’s financial regulator – enforced new legislation that revised the Payment Services Act to recognize cryptocurrency as legal tender. The regulatory move was pioneering at the time wherein...
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Argo Blockchain, a UK-based digital coin mining company has become the first cryptocurrency company to be listed on the London Stock Exchange. The company recently completed an initial Public Offering (IPO), placing 156,250,000 ordinary shares accounting for 53.2% of its issued share capital valued at 0.16 GBP each.The IPO raised 25 million GBP ($32.5 million),...
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On August 4, after rebounding from $7,200 to $7,500, the price of Bitcoin fell below the $7,000 mark for the first time since July 18. Over the past three weeks, from July 18 to August 4, the price of Bitcoin has been relatively stable in the $7,200 to $7,500 region, recording limited volatility in the...
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