Ripple (XRP) has recovered strongly after a dropping to a low of US$0.25 on August 13th, but is down 92% from the all time high set in January. However, the market cap is still the third largest, at US$12.6 billion, with US$233 million in trading volume over the past 24 hours. Until regulatory guidelines define…
Both Bitfinex and Ethfinex have just announced that they have added three new coins to their platforms today: Autonio (NIO), Banyan Network (BBN), and Digix Gold (DGX). Bitfinex The world’s fourth-largest cryptocurrency exchange by its trade volume has just added three new coins to its platform. The cryptocurrency exchange was founded back in 2012 in Hong Kong…
Why is China banning cryptocurrency events? The country has put in place a ban on venues hosting all events related cryptocurrency in the Chaoyang district of Beijing. China Banning Cryptocurrency Events; What’s Going On? The report comes from the local news outlet, The Paper, which states that all public spaces have been prohibited from hosting cryptocurrency-related…
Why is China banning cryptocurrency events? The country has put in place a ban on venues hosting all events related to cryptocurrency in the Chaoyang district of Beijing. China Banning Cryptocurrency Events: What’s Going On? The report comes from the local news outlet, The Paper, which states that all public spaces have been prohibited from hosting…
Bithumb made around $35 million USD for the first half of 2018, despite its recent hack, says local South Korean local news agency Yonhap. Bithumb Success Despite its hack back in June of this year, the South Korean crypto exchange came out on top the first half of 2018. “The sales amounted to 33,060 million…
The US Securities and Exchange Commission (SEC) has rejected nine applications for Bitcoin ETF proposals. The SEC published three separate orders yesterday, highlighting the rejections from the three different applicants. SEC Says No to Bitcoin ETF Proposals This ruling is a blow to Bitcoin bulls who’d hoped the products would have provided a breakthrough for institutional adoption.…
Lisk (LSK) is another addition to the burgeoning list of decentralized application hosting blockchains, challenging the likes Ethereum, Cardano, EOS and Ziliqa. Launched in 2016 by Max Kordek and Oliver Beddows, it raised 14,000 BTC via ICO, making it the 2nd largest public token raise at the time. Lisk has a few features that allow it to stand out from its competitors.…
Despite the recent SEC decision to not approve the ProShares, Direxion or the Winklevoss Bitcoin ETFs, I believe that the time is almost right for approval of such products. There is, however, at least one structural impediment that should be addressed first: Crypto exchanges should allow the unfettered ability for data providers to consolidate and redistribute quote information.…
Ethereum (ETH) has dropped 15% over the past week and is currently down 81% from the record high set in January. The market cap stands at US$27.9 billion, with US$1 billion traded in the past 24 hours. The number of transactions per day has ranged between 60,000-70,000 over the past few weeks. Pending transactions have…
The cryptocurrency market is trending upwards today as most coins within the top 100 are currently trading in the green. Bitcoin (BTC) is currently trading over $6,600 and Ethereum (ETH) is just below the $300 mark. Let’s take a closer look at Ripple (XRP), EOS, and Litecoin (LTC) today and the latest movements with each…
