Markets Update: Volume Is Weaker as BTC Prices Push Past $10,000

Over the past two days, BTC/USD markets dipped below the $10K price region to a low of $9,260 on February 25. The following day the price per BTC has since bounced back on Monday morning, jumping over $700 in value and touching a high of $10,400. Also Read: China Censors Cryptocurrency Ads on Search Engines and … Read more

Global Market Stagnant Despite Bitcoin Gains

While it is widely agreed that past trends cannot predict future markets, today’s cryptocurrency market movements suggest a similar trend to what has been observed multiple times throughout 2017. Today, we see money flowing away from altcoins, back to Bitcoin, as sentiments towards the grandfather coin continue to turn bullish. Bitcoin (BTC) has climbed close to … Read more

Markets Update: Bitcoin Recovers to Test $10,000 Area

The BTC markets have ramped up to test the $10,000 USD area on leading exchanges following a break above resistance at $9,000. Bitcoin has recovered by more than 60% since testing the $6,000 area on February 6th. Also Read: Coinbase Develops Bitpay Competitor Supporting BTC, BCH, ETH and LTC Bitcoin Tests $10,000 Bitcoin has produced bullish … Read more

New Crypto Exchanges Launch in South Korea Despite Lack of Fiat Deposits

A number of new cryptocurrency exchanges are launching in South Korea despite being unable to provide full service due to regulatory challenges. Since the Korean government enforced the real-name system on cryptocurrency accounts, banks have only been providing fiat deposit services to the country’s four largest crypto exchanges. Also read: Japan’s DMM Bitcoin Exchange Opens for … Read more

NY Regulator Demands Vigilance Against Market Manipulation from Bitlicense Firms

Accusations, rumors and fears of manipulation in the cryptocurrency market have been around for a long while now. The most recent one involves Tether supposedly artificially propping up the price of bitcoin by printing USDT. Now one regulator demands that companies in its jurisdiction will take action against such possible risks. Also Read: Weiss Ratings … Read more

Grayscale Plans to Launch a Cryptocurrency ‘Large Cap Fund’

This Wednesday Grayscale Investments, the sponsor of the Bitcoin Trust (OTCQX: GBTC) has announced a new cryptocurrency investment vehicle is coming. The company plans to launch the ‘Grayscale Digital Large Cap Fund’ (the “Fund”) that intends to hold the top digital assets within the cryptocurrency economy. Also Read: Phony PBOC Email Sent to U.S. Media Aimed … Read more

Forbes’ Inaugural Crypto Rich List Is Crass Yet Compelling

Ogling the fortunes of the filthy rich is a popular pastime with the poorer segments of society. It’s been that way for centuries, with 1849 marking the debut of Who’s Who, a 250-page guide “of living noteworthy and influential individuals, from all walks of life, worldwide.” In more recent years, Forbes has picked up the … Read more

New Research Suggests Ripple Is Even More Centralized Than Previously Thought

Despite being associated with cryptocurrencies such as bitcoin and ethereum, ripple’s status as a decentralized currency is a matter of dispute. Critics have taken aim at XRP for years, claiming that Ripple exerts an unprecedented degree of control over transactions, something the company has always denied. A new report from Bitmex Research, whose cryptocurrency analysis … Read more