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…
Justin Sun, the founder of Tron (TRX), just announced that his game “Tron Dogs” will be releasing an English version next Monday. Source: twitter As first reported, Tron Dogs is similar to that of the late Ethereum based Cryptokitties game in which players are able to purchase pets with cryptocurrency and breed them with other…
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…
The fourth largest bank in the world, Mitsubishi UFJ Financial Group, Inc (NYSE:MTU), just made major headlines as it announced that it plans to launch its own cryptocurrency exchange this year. According to the report, MUFG has already taken the steps to notify the Financial Services Agency (JFSA) in Japan on its decision to move…
It has been a rough week for new cryptocurrency investors and day traders, as many cryptocurrencies have dropped over 50% in value in just a few days time. Currently, Bitcoin (BTC) is trading at just over $10,000 a coin, down over $4,000, in just 48 hours and at one point it dipped below the $10,000…
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…
