Cryptocurrencies are tumbling since hitting the peak on Jan 7 when the total crypto market capitalization had touched the level of $813 billion. However, the selloff intensified over the last two days, thanks to China and South Korea who announced to make tough regulations on cryptocurrency trading. Almost $200 billion has been wiped off the…
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 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…
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…
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…
Prices all across the cryptocurrency market are plunging today in what many reports are calling a cryptocurrency ‘bloodbath’. As coinmarketcap shows, almost every coin is down by double digits with only Neblio and Tether managing to stay in the green. Not a pretty sight. Source: Coinmarketcap.com Reports are generally pinning the blame on a swathe…
In 2017, we’ve seen Bitcoin and eventually other cryptocurrencies explode onto the scene and become mainstream. Now, some are wondering if the digital currencies have entered “the next stage”, especially now that more and more investors are paying attention to initial coin offerings (ICO) and placing big money on cryptocurrency. Now the question is, has…
Avid tech entrepreneur and NBA Dallas Maverick’s owner, Mark Cuban, just tweeted that next season the organization will accept both Bitcoin (BTC) and Ether (ETH) as a form of payment for ticket sales. This all started with a fan asking him on the social media platform when fans of the National Basketball Association would be able…
We all know Wall Street makes Billions of dollars every year with Investment Banking, Sales & Trading, and the Financial Quants taking most of the credit. But there’s another less prominent area within the top Investment Banks that quietly makes a lot of money. A LOT OF MONEY! This area was recently exposed in…
Ripple XRP extends the downward trend in Tuesday trade, dropping more than 29% following renewed concerns over the potential ban from South Korea and China. Ripple is the most widely traded cryptocurrency in South Korea. Thus, its price plunged more than the other largest digital currencies on South Korean concerns. In Tuesday trade, bitcoin and…
