It was a mixed week for cryptocurrencies as major tokens such as Bitcoin and XRP were able to recover from sharp drops at the start of the week to end the week trading green. Conversely, others such as Ethereum and Cardano did not recover well and ended the week deeply red. An emerging story in…
Bitcoin (BTC) recovered a little over 10% in a recent rally, having established a local bottom on August 13th, but is currently down 68% from the record high in December. The market cap stands at US$109.93 billion, with US$1.65 billion traded in the past 24 hours. The number of Bitcoin transactions per day has been…
As we start out the fourth week of August, we see most of the cryptocurrency market fall. Bitcoin (BTC) is trading just below $6,500 and Ethereum (ETH) has once again dipped below $300. This weekend, the market took a slight rise and almost peaked over $225 billion, but has since been corrected. Let’s take a…
In today’s edition of Crypto Daily News, we’ll cover the new Bitcoin Cash (BCH) futures just launched in London and the details of the 21-year-old Californian that was charged for Bitcoin money laundering. Crypto Daily News: August 20th, 2018 Bitcoin Cash (BCH) Futures On Friday, Bitcoin Cash (BCH) took a step into the big leagues…
Ethereum co-founder Joseph Lubin has spoken about the recent slump in the cryptocurrency market and it seems he is undeterred by it. In a recent interview with Bloomberg Television, Lubin said that price collapses have been part-in-parcel of the “blockchain ecosystem since 2009” and as a whole, the market won’t be affected by the slump. He…
While this trend is nothing new it isn’t going to abate any time soon either; the devaluation of emerging market (EM) currencies has been happening for the past eight years and is part of a far bigger picture. In 2008 emerging market countries borrowed billions in USD-denominated debt when USD was going cheap as the…
After telling Bloomberg at the Players Technology Summit on Monday how Coinbase grew from a simple wallet into a fully-fledged cryptocurrency platform, Coinbase CEO Brian Armstrong then turned to the ‘future of cryptocurrency’. Armstrong stated that economic crises taking place around the world over the next 3-5 years could be the catalyst to the organic…
Fidelity offers access to Bitcoin ETN on Swedish exchange (med-low impact) Fidelity Investments, which has some $2.4 trillion assets under management, has begun offering its customers the ability to buy Bitcoin Exchange Traded Notes (ETN) offered by XBT Provider on the Nordic Nasdaq, based in Sweden’s Stockholm. This means the ETN, listed as CXBTF on…
Bitcoin has been on a roller coaster ride in its price, its value reached as high as $20,000 in late 2017 to as low as $6,000 within a time frame of just six months. The highly volatile nature of Bitcoin is certainly a blotch on its reputation and certainly this could be why Goldman Sachs’…
Basic Attention Token (BAT) is an ERC20 token and the native utility token for the Brave web browser, and is currently 40th on the BNC market cap table. The market cap currently stands at US$197.6 million with US$3.5 million in trading volume over the past 24 hours. Brendan Eich, founder and CEO of BAT, is the creator of Javascript and…
