Bitcoin price plunged below 16% in Tuesday’s trade alone, driven down by the potential ban from South Korea and China. After a brief rally in yesterday’s trade, the largest digital currency experienced a massive loss in value, amid fresh comments from South Korean minister regarding the possible ban on cryptocurrency trading. Bitcoin price dipped to…
Verge (XVG) Up By 600% In One Month, Could It Be The Next Monero? A cryptocurrency that has been soaring for the past month is Verge (XVG), up by 600% over the last 30 days, now trading at $0.131028 as of 2 p.m. CST. Source: Coinmarketcap.com What Is Verge? Verge is a blockchain-based cryptocurrency that…
As the first Ethereum-based cryptocurrency centered game has all but simmered away, a new more in-depth game has emerged. Cryptokitties showed that there was a market need for gamified crypto assets, as nearly $19 billion USD sold, in these digital cats. However, the game lacked depth and game mechanics and World of Ether seeks to…
After posting big losses in the last couple of sessions, bitcoin gained a lot of momentum in today’s trading, jumping almost 5% from the previous close. It is currently trading above the $14,200 mark with a market capitalization of $236 billion. Source: CoinMarketCap However, three other major cryptocurrencies have been struggling during Monday’s trading, due to…
Many new TRON (TRX) investors seem to be at their wits end with the current bearish fall of the cryptocurrency, that once saw daily gains over 100, a few days in a row, in the first week of January. Justin Sun, TRX’s cryptocurrency founder, has a very impressive resume with being named in Forbes’ 30…
Bitmain Considers Expanding Bitcoin Mining Into Quebec, Canada According to a report by Reuters, Chinese mining giant Bitmain Technologies is looking to expand its bitcoin mining operations into Quebec, Canada as the company seeks alternatives amid expectations of a possible crackdown by the Chinese government on anonymous trading of cryptocurrencies. China is currently home to…
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…
