Cryptocurrencies continue to take a beating in China and South Korea – two major markets – as preventative legislation is ramped up to combat what they see as tax evasion and excessive speculation. China has today announced the banning of centralised trading of Bitcoin and other cryptocurrencies amid an ongoing crackdown, targeting websites and apps…
Bitcoin price reversed some of the earlier losses in Monday’s trading, currently trading above the 14,000 level thanks to the trading strategy of buying the digital currency after the dip that some people use. Bitcoin lost considerable value last week, amid uncertainties related to the Chinese and South Korean governments. However, Bitcoin price jumped more…
After a terrible week last week, Ripple has extended the downward streak in Monday’s trade. Ripple is one of the most volatile cryptocurrencies since the start of this year. After rallying massively to an all-time high of $3.84 and claiming the second spot in the crypto charts with a market capitalization of $123 billion on Jan…
Just Like Stocks, Cryptocurrencies Have Risks Although no one could predict the patterns in which cryptocurrencies move with the same kind of precision that we do with stocks, these assets do share certain common traits with equity investments. First, like some stocks, cryptocurrencies are volatile and sensitive to any kind of related news (like how…
If you mentioned cryptocurrency in a conversation with someone in passing last year, most people just assumed you were talking about Bitcoin, but now it seems those times have changed. Altcoins have strongly emerged in the mainstream light after Bitcoin futures contracts began trading on major exchanges in mid-December. The price of Bitcoin has now…
The most cost-efficient Bitcoin miners are application-specific integrated circuits (ASICs) which are specifically designed for mining. The largest ASIC producer is currently Bitmain, a Chinese company headed by Jihan Wu. Bitmain Antminers account for a large percentage of the total hash rate. Both the S9 and L3+ models are currently sold out. A new contender for…
Using Bitcoin to send donations is a well-worn and proven concept, and 2017’s unprecedented bitcoin gains have enabled various early adopters to launch philanthropic endeavours. Wikileaks became the first to take advantage of bitcoin for donations in 2010, and has championed its use ever since. The first rush of mainstream charities accepting donations was in…
The cryptocurrency market has taken a beating this week after CoinMarketCap unexpectedly removed South Korean exchanges from its index, which in turn caused major but temporary uninformed panic sell-offs. Source: CoinMarketCap What started out as a scary week for cryptocurrency has begun to make its way back. Like any market, corrections are inevitable but this…
Bitcoin has gained significant price appreciation last year with few shortfalls, hitting the peak of $19,343 in mid-Dec. However, bitcoin price started tumbling since then and fell to around $12,000 level at the end of the last year. It is currently trading just below $14,000. The price of bitcoin declined more than $2,000 compared to…
2017 has been an important day for both Bitcoin and cryptocurrencies in general. While hopefully not as tumultuous, 2018 is looking like it will bring us a lot of interesting innovation in the space. Here are some of the things I’m personally looking forward to seeing unfold in the new year. ICO Securities After the SEC’s investigative…
