2017 was a monstrous year for cryptocurrency, as it became adopted more mainstream and many investors began jumping in on the emerging assets. In January 2017, the total cryptocurrency market cap was around $7 billion and by July, the market was worth around $110 billion, growing nearly 1,600%. Currently, the total market cap of all…
After ending the last week on a higher note, Cryptocurrencies dipped largely in Monday’s trade, with bitcoin and ripple leading the downward trend. Bitcoin declined close to 8.37% to $14,806, while Ripple dipped 11% to $2.40. Litecoin also plunged 6.4%, but Ethereum prices moved higher by 4.7% to $1,143.56. “The reason ripple is surging so…
Last year, Chinese market researchers Redpulse launched one of the most interesting cryptocurrencies in the world. And it’s growing. Fast. The Redpulse (RPX) token experienced a slow start from its release on October 8th, 2017, but in the last 24 hours the value of the coin has skyrocketed to $0.71; an increase of 61.45%. Let’s…
As reported last week, TRON (TRX) will be launching its own version of crypto kitties, with dogs, as it closed a deal with Game.com on January 3rd. Tron’s creator and founder, Justin Sun, was premature about the release of the game and tweeted on his personal twitter, which has 266K followers, on the first of…
Ethereum (ETH) had a comeback weekend, this past weekend and has now reclaimed it’s long-time #2 spot on the cryptocurrency market, passing Ripple. Source: CoinMarketCap At press-time, ETH is trading at $1,115.24 a coin, down -1.47% in 24 hours. However, it grew nearly 44.4% in just a week’s time, as its fourth-quarter report performance was…
2017 has been an incredible year for the cryptocurrency market. Bitcoin went mainstream as an alternative investment, the initial coin offerings (ICO) market exploded to raise over $4 billion dollars for blockchain startups, and by the end of the year, it seemed like everyone wanted to jump onto the crypto money train. 2018 will bring…
Clearing However, netting benefits come at the cost of intraday credit extension, explicitly or implicitly. Clearing mitigates the twin risks that arise from the necessity of post-trade settlement. The most salient one is principal risk, where one counterparty to a trade pays but the other fails to. This risk materialized spectacularly in the 1974 bankruptcy…
Five days from now, BitConnect, which is a financial system startup, had plans to commence a token sale, and if you were looking forward to this, I have some bad news. The Texas State Securities Board, which has served to protect investors in Texas since 1957, has terminated these plans. Why? The Texas State Securities…
The consolidated value of cryptocurrencies has recently crossed the $750 billion mark. Bitcoin, the most popular among cryptocurrencies, accounts for almost 40% the total market capitalization of crypto markets. Market capitalization is always considered as a major valuation metric that multiplies the value of an asset by the value of that security in movement. As…
Bitcoin (BTC) has had a rocky 30 days since its futures contracts launched on Wall Street. Despite that, there’s no denying that it was a phenomenal year for the world’s first digital currency. Source: coinmarketcap.com At press-time, Bitcoin is trading at $17,372.10 a coin, up 13.06% for the day. The digital currency has stayed under the…
