Markets

Rally Fatigue? Low Bitcoin Volumes Could Cap Upside

9 months ago admin2 Comments Off on Rally Fatigue? Low Bitcoin Volumes Could Cap Upside
Bitcoin prices are at their highest ever, but there may be a chink in the cryptocurrency’s armor. Just a week ago, the bitcoin-U.S. dollar (BTC/USD) exchange rate hit lows near $5,500. Then, by Friday, prices were flirting with fresh record highs around the $8,000 mark. With bid tone remaining intact over the weekend, bitcoin rose Read More

Survey: Institutional Traders Are Split on Bitcoin’s Price, Wary of ICOs

9 months ago admin2 Comments Off on Survey: Institutional Traders Are Split on Bitcoin’s Price, Wary of ICOs
A plurality of respondents to a new survey from brokerage firm Triad Securities said they believe bitcoin is in a bubble that’s primed to crash. The survey was conducted earlier this month by New York-based Triad as well as Datatrek Research, garnering responses from 317 institutional traders. Of those, just over half work for buy-side Read More

NEO Boom or Bust? New Announcements and FUD

9 months ago admin2 Comments Off on NEO Boom or Bust? New Announcements and FUD
Blockchain company NEO has had a spectacular weekend, by any accounting. The company made a number of important announcements, resulting in a significant price jump, with more announcements to come. The first announcement that sent the coin price hurtling up more than 15% was the use of NEO on the Ontology platform, a new distributed trust Read More

Roger Ver Declares Bitcoin Cash to Be True Bitcoin, Market Forces Bring More Attention

9 months ago admin2 Comments Off on Roger Ver Declares Bitcoin Cash to Be True Bitcoin, Market Forces Bring More Attention
Earlier this year, divergent groups within the original Bitcoin community could not agree on a particular protocol to be implemented in scaling the platform. Those who sought bigger blocks therefore hard forked away from Bitcoin and created Bitcoin Cash (BCH). Battle for supremacy Since the creation of Bitcoin Cash in August 2017, there has been Read More

Brokerage Chief: Bitcoin Futures Must Be Quarantined

9 months ago admin2 Comments Off on Brokerage Chief: Bitcoin Futures Must Be Quarantined
A well-known electronic brokerage firm is issuing dire warnings against the CME Group’s plan to launch a bitcoin futures contract next month. But Interactive Brokers, in a comment letter dated Nov. 14, suggested a way to mitigate the risk it sees from such activity: The Commodity Futures Trading Commission (CFTC), under the auspices of J. Read More

Bringing IPO Success to the ICO World

9 months ago admin2 Comments Off on Bringing IPO Success to the ICO World
Initial coin offerings, more commonly referred to as ICOs, are all the rage this year. Yet despite all the hoopla surrounding this new phenomenon, not everyone is impressed. Fundamentally, ICOs fail because the company is often unable to launch a viable product and reach their objectives. One upcoming ICO that is catching everyone’s attention is Read More

Developers Begin Turning to Hard Forks for Fundraising Rather Than ICOs

9 months ago admin2 Comments Off on Developers Begin Turning to Hard Forks for Fundraising Rather Than ICOs
Companies who wanted to raise money for developing their projects in the cryptoworld traditionally did so through Initial Coin Offerings. Now another trend has emerged for those wanting to do so – the hard fork Not strictly a fork A fork, in its strictest sense, implies a change in the protocol of a cryptocurrency resulting Read More

Bitcoin Demand Surges in Zimbabwe Following Successful Coup

9 months ago admin2 Comments Off on Bitcoin Demand Surges in Zimbabwe Following Successful Coup
The price of Bitcoin surged by as much as 10% on the Zimbabwean exchange Golix in mid-November 2017 after the military successfully staged a coup d’état. The country is already known not to have a strong economy; Zimbabwe’s peak month of inflation was November 2008, when the rate of inflation hit an estimated at 79.6 Read More

Ripple Makes a Splash: XRP Price Looks Up on Amex News

9 months ago admin2 Comments Off on Ripple Makes a Splash: XRP Price Looks Up on Amex News
Ripple’s XRP cryptocurrency is trading on the front foot again. Having hit a 4-week high of $0.27 at 14:00 UTC yesterday, the Ripple-U.S. dollar (XRP/USD) exchange rate is back to at $0.2324 at press time – up 7 percent on the day, as per CoinMarketCap. And though the spike has faded somewhat, there are reasons Read More

Up and Away? Bitcoin Price Eyes $8,000 Or Higher

9 months ago admin2 Comments Off on Up and Away? Bitcoin Price Eyes $8,000 Or Higher
Bitcoin is still looking upwards, having achieved fresh record highs overnight. As per CoinDesk’s Bitcoin Price Index (BPI), the world’s largest cryptocurrency by market capitalization rose to an all-time high of $7,990 at 01:18 UTC.  As of writing, bitcoin is trading at around $7,850. According to CoinMarketCap, the cryptocurrency has gained 4 percent in the last Read More