Bitcoin, Ethereum, and Ripple Bounce Back After the Plunge

Bitcoin, Ethereum, and Ripple Bounce Back After the Plunge

Due to the volatile nature of cryptocurrencies, they have a habit of making enormous swings during a single trading session. Cryptocurrencies fell dramatically during early trading on Wednesday, wiping off almost $2 billion from the total market capitalization. At the top of the selloff, the total cryptocurrency market capitalization plunged to $450 billion, sharply lower…

BitConnect Officially Shuts Down — Ponzi Scheme Confirmed?

BitConnect Officially Shuts Down — Ponzi Scheme Confirmed?

BitConnect Officially Shuts Down — Ponzi Scheme Confirmed Just one week after the proposed date of its initial coin offering (ICO), England-based financial startup BitConnect officially announced on its website that it is shutting down its cryptocurrency lending and exchange platform. This decision was made following warnings issued earlier this month by regulators in Texas…

Alibaba Launches Crypto Mining Platform Despite Chinese Government Restrictions

Alibaba Launches Crypto Mining Platform Despite Chinese Government Restrictions

Alibaba Launches Crypto Mining Platform Despite Chinese Government Restrictions, Says Report According to reports in China, e-commerce giant Alibaba (NYSE:BABA) has now launched its own cryptocurrency mining platform despite the Chinese government’s continuous push to curb crypto mining operations by restricting miners’ power and land usage. Source: Twitter The platform — called P2P Nodes —…

Bitcoin Fell below $10,000 Mark – Here’s Why?

Bitcoin Fell below $10,000 Mark – Here’s Why?

Bitcoin extends the dramatic selloff in Wednesday trade, declined below $10,000 mark for the first time since November 28. The broader selloff was observed in cryptocurrency markets in the last two days, amid concerns over regulators.  Bitcoin lost more than half of its value since hitting the highest level of $20,000 on December 17.  Currently…

5 Ways to manage crypto market ups & downs

5 Ways to manage crypto market ups & downs

2. Invest long term and buy the dip The volatility of cryptocurrencies isn’t necessarily a bad thing. First, the downturns are an opportunity to augment your wealth. Buying the dip is a philosophy that institutional traders are all too familiar with and it applies to cryptocurrencies. Everyone loves a discount and that’s exactly how you…

5 Ways to Manage Crypto Market Ups & Downs

5 Ways to Manage Crypto Market Ups & Downs

2. Invest long term and buy the dip The volatility of cryptocurrencies isn’t necessarily a bad thing. First, the downturns are an opportunity to augment your wealth. Buying the dip is a philosophy that institutional traders are all too familiar with and it applies to cryptocurrencies. Everyone loves a discount and that’s exactly how you…