Day: September 9, 2018

Crypto Markets See Sharp Rebound, but Total Market Cap Still Below $200 Billion

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Sunday, September 9: following the bloodbath after this week’s market crash, Bitcoin’s (BTC) price spiked sharply today. Altcoins have mostly followed suit, making markets a mix of red and green, as data from Coin360 data shows. Market visualization from Coin360   Bitcoin (BTC) jumped over 3 percent in under an hour today, proceeding to trade sideways just under the $6,400 mark for several hours, before dropping again in the hour to press time. At press time, Bitcoin is up about 1 percent on the day to trade at $6,241, according…

The potential of Blockchain in the telecoms industry

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In ‘An Introduction to Blockchain’, the MVNOs Series team explores what Blockchain is and what it can do. The report starts with a crash course on Blockchain basics, before moving the focus to its wide-ranging benefits, its synergies with other emerging technologies, and the impact it could have on the telecoms ecosystem across-the-board. In the short space of a couple of years, Bitcoin and other cryptocurrencies have gone from frontier technologies used by shadowy figures on the edges of the World Wide Web to being courted at the highest levels…

Bitcoin Fell Due to Regulatory & Sell Pressure, Will Recover Soon

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According to Jonathan Cheesman, a partner at investment firm Distributed Global, Bitcoin has fallen due to five major reasons: macro trend, speculative dominance, regulatory uncertainty, short selling, and scams. But, as the market and cryptocurrencies as an asset class continue to see improvements in infrastructure and regulation, Cheesman explained that a growing number of investors will recognize cryptocurrencies as robust and legitimate stores of value. He said: “For some, things are even more acute now — Venezuela and Turkey being the most obvious examples — and debt sustainability is a…

How Cryptocurrencies Are Regulated in the Middle East

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On Sept. 4, the government of Bahrain, a constitutional monarchy in the Persian Gulf, emphasized the importance of blockchain for the country’s economy. While the kingdom seems to be taking a rather positive approach toward crypto, the Middle East at large has proven to be a difficult region for virtual currencies, as a large chunk of countries there have banned crypto trading. Nevertheless, the Middle East seems to be on its way to become the global blockchain powerhouse: From Dubai to Tel Aviv, the technology is being thoroughly researched and…

Ethereum (ETH) Continues To Underperform, Are ICOs To Blame?

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Over the past few months, investors of Ethereum have had to fight off bears at nearly every turn, as the price of the asset recently established a new year-to-date low in a bout of acute selling pressure. However, some fear that the worse is yet to come. Ethereum Falls Under $200 For The First Time Since August 2017 As reported by Ethereum World News on multiple occasions, the cryptocurrency market hasn’t had the best week, with the collective valuation of all crypto assets falling by over 20% in a matter of…

Despite Ban, China Keeps Trading Cryptocurrency Thanks to Tether and VPNs, Says Report

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Chinese traders are using virtual private networks (VPNs) as a major tool to circumvent the ongoing government crackdown on cryptocurrency trading, local media outlet South China Morning Post (SCMP) reported September 8. According to SCMP, referencing reports from Beijing-affiliated Shanghai Securities Times, traders have begun leveraging stablecoin Tether (USDT) as a means of entering and exiting cryptocurrency markets. Combined with a VPN, two traders can use an exchange platform notionally registered outside China as an intermediary to swap cryptocurrency for fiat currency and vice versa. “[T]wo individuals who have both…

Crypto, Blockchain Space Won’t See ‘1,000-Times Growth’ Again

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There is no chance that the cryptocurrency and blockchain space will see “1,000-times growth” again, Ethereum (ETH) co-founder Vitalik Buterin stated in an interview with Bloomberg September 8. At an Ethereum and blockchain conference in Hong Kong, Buterin told Bloomberg that the rapid growth of crypto and blockchain industry is now reaching a “ceiling,” and is moving from “just people being interested” to the stage of “real applications of real economic activity.” Buterin explained that the period of explosive growth in the sphere is likely coming to an end because…

Goldman Sachs Says ‘No Thanks’ to Crypto Trading Desk, While India Sends Officials to ‘Crypto College’

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Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week Business Insider: Goldman Sachs Scraps Crypto Trading Desk Plans Goldman Sachs Group Inc. is halting its plans to open a cryptocurrency trading desk, Business Insider reported this week, but will focus on a custody product for crypto, which will allow it to hold…

10 Bitcoin Contributors You Should Know About

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Builders: 10 Bitcoin Contributors You Should Know About September 9, 2018 by William Peaster Bitcoin is nearing the capping of its first decade in existence, and the OG cryptocurrency wouldn’t be where it’s at today, or where it’s going, without the builders who have made it so. Let’s take a look at some of the folks who have put excellent work into progressing Bitcoin and its proposed second-layer scaling solution, the Lightning Network. Also see: Grocery Shopping in the Caribbean and Paying With … Bitcoin? Subscribe to the Bitsonline YouTube channel for great…

Ethereum Co-Founder: “There Isn’t An Opportunity For Another 1000x Growth”

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Vitalik Buterin Questions The Growth Potential For Blockchain & Crypto The cryptocurrency has its fair share of contrasting opinions, some optimists believe that this new asset class will sweep across the world in a matter of years, while the pessimists on the other side of the coin hate this newfangled technology with a blazing passion. But to the shock of many, Vitalik Buterin, one of the foremost co-founders of the Ethereum project, recently spoke with Bloomberg to question and outline the future growth potential for this world-changing industry. Speaking with the…