Ethereum had faced considerable losses in the second half of 2017, declining its market capitalization to the level of $40 billion in early December. Since then, its price and the market capitalization bounced back sharply. The rally in its price was supported by the wide acceptance of ethereum in global financial markets. Mr Nerayoff said:…
Following a sharp rally in the beginning of the year, cryptocurrencies have experienced massive swings in the last five trading sessions, driven by several negative reports and the bearish outlook from major analysts, including the legendary Warren Buffett. Therefore, bearish sentiments held the overall market in the red, resulting in a major loss in the…
So who exactly are the ultra rich and what is the smart money? As detailed in Credit Suisse’s 2017 global wealth report, the ultra rich are the 150,000 people worldwide who sit at the very top of the international wealth pyramid, with a net worth in excess of US$50 million. These ultra rich keep a…
VeChain Now Up 938% Over Past 30 Days, Still Undervalued? While a majority of investors’ favorite cryptocurrencies plunged on Thursday, VeChain continued to shoot up in value, now trading at $6.89 as of 12:30 p.m. CST. The cryptocurrency is now up 938% over the last 30 days from $0.57 per coin, reaching a market cap…
Since Bitcoin (BTC) began to level off in price after its futures contracts launched mid-December, altcoins have become the top trend. Many investors have been on the hunt to discover the next cryptocurrency to make gains above 1000% and compete amongst the top 10 digital tokens. Last week, Tron (TRX) and Stellar (XLM) made significant…
Are you planning on attending the North American Bitcoin Conference this year in Miami? If so, you should probably know that the conference has announced that anyone looking to purchase a ticket for the January 18 and 19 events will no longer be able to pay in the form of cryptocurrencies. What Happened? The North…
Gibraltar Stock Exchange to Launch Its Own ICO, Raise $6 Million Gibraltar Blockchain Exchange (GBX), a subsidiary of the crypto-friendly Gibraltar Stock Exchange, plans to launch its own initial coin offering (ICO), raising $6 million from the sale of up to 60 million “Rock Tokens.” The offering will begin on February 7 and close on…
The entire cryptocurrency market has suffered quite a bit this week but fortunately, things seem to be leveling off. On Monday morning at 12 AM EST, CoinMarketCap decided to take off a few major South Korean Exchanges from its global index, without notifying the public. The market, at the time, was already down-facing and the…
After experiencing a significant growth last year, cryptocurrencies are experiencing a lot of volatility since the start of this year, as prices are swinging both ways depending on the market reports. The majority of cryptocurrencies, including bitcoin and ethereum, lost their market capitalization and their prices dropped in Thursday’s trade, while ripple and bitcoin cash…
Cryptocurrencies slid sharply in early trade on Thursday after the South Korean government started taking strict actions against cryptocurrency trading in domestic stock exchanges. According to the South Korean Justice Minister, the government is looking to ban cryptocurrency trading in domestic exchanges. Moreover, Warren Buffett’s warning yesterday over the future of cryptocurrency also prompted a…
