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Cryptocurrency markets are losing some gains today, as most digital assets are down between 3-15 percent during this morning’s trading sessions on May 16, 2018. The overall cryptocurrency market cap has shaved a few billion in losses since our last markets update, leading to the valuation of all 1,600 cryptocurrencies hovering around $374Bn today. During … Read more
Chinese state media outlet, Voice of China, has published reports criticizing the efforts of Chinese cryptocurrency exchanges and initial coin offerings (ICOs) to continue operations in spite of the central government’s 2017 crackdown. Also Read: Markets Update: BTC Resistance at $10,000 Holds, Gains Dwarfed by Alternative Markets State Media Criticizes Cryptocurrency Exchanges’ Defiance of Crackdown Voice … Read more
Ethereum’s smart contract bugs just keep on coming. Exchanges including Okex, Poloniex, Coinone, and Hitbtc today suspended deposits of ERC20 tokens following the discovery of a batch overflow bug written into the smart contracts governing numerous coins. The news comes in the same week that the ethereum community voted against restoring the lost ether that … Read more
OKEx is the latest cryptocurrency company to plan a European expansion. There are plenty of reasons as to why cryptocurrency firms are moving to this particular continent, as local regulatory efforts have made it a lot easier for enterprises to set up offices there. For OKEx, the country of interest is Malta, which has attracted a fair … Read more
The Maltese government’s plan to bring more international cryptocurrency business to booster the local economy, by positioning itself as a hospitable jurisdiction within the EU, appears to be paying off. Following Binance moving to the island just last month, Malta has now succeeded in attracting yet another exchange, Okex. Also Read: Australia’s Digitalx Launches Cryptocurrency … Read more
Okex has made another announcement regarding its decision to roll back futures contracts after clients were hurt by massive liquidations. The company apologized again for the inconvenience, tried to address rumors regarding the incident and threatened to sue anyone spreading them. Also Read: OTC Cryptocurrency Desks Trade Billions Over Skype BTC Futures Manipulated Okex, the … Read more
If the crypto winter has placed your altcoin trading on ice, you were never a trader to begin with. Any fool can make money in a bull market, but bear markets are where knowledge is gained and future profits are carved. Also read: Wendy McElroy: How Centralized Exchanges Intend to Devastate You Bear Markets Are Best … Read more
Bitcoin’s price has incurred a small jump. After yesterday’s trading lows of $6,600 – $6,900, the current mark for bitcoin’s price is just under $7,100 – a small, but noticeable step forward after what can be labeled a very tumultuous week. For the most part, however, cryptocurrencies remain in the red, with major bitcoin competitors … Read more
Bitcoin’s price is currently hovering at around $6,900. This is a $500 drop from where it stood yesterday, but about $300 stronger than today’s low of $6,600. At press time, most cryptocurrencies appear to be in the red. Ethereum has grazed a new low, and is presently trading at about $376, while Ripple has lost … Read more
Okex has promised to roll back futures transactions after irregular activity saw bitcoin plunge to under $4,800. The incident triggered massive liquidations, wiped out hundreds of contracts, and saw one trader threaten to commit suicide in front of Okex’ Hong Kong offices. Also read: Hacked Cryptocurrency Exchange Youbit Re-Emerges Amid Insurance Controversy Okex Reverses the Rekoning … Read more
