Day: September 29, 2019

Markets Looking Grim, Bitcoin Lingers Above $8,000 Mark

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Sunday, Sept. 27 — All of the top-20 cryptocurrencies by market cap continue to struggle following the sudden nosedive on Tuesday, Sept. 24. Cryptocurrency market daily overview. Source: Coin360 Bitcoin (BTC) has not been able to recover from Tuesday’s painful correction, which saw double-digit losses across the board. The most popular crypto coin continues to trade sideways, down by 1.75% over the last 24 hours to trade at around $8,050 at press time, while having seen an intraday high of $8,255.  BTC found some support above the lower-$8,000 region during the…

2 Key Indicators Hint that a Bear Market is on the Cards

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Last week was a tough week for Bitcoin (BTC) as sentiment shifted from bullish to bearish after the price fell from just under $10,000 to below $8,000 in a matter of hours on Sept. 24. After a brief bounce, Bitcoin hovered around $8,400 for 48-hours before the final drop to $7,740 came.  This produced a storm of tweets from bulls like Anthony Pompliano and bears like Peter Schiff took the opportunity to gloat about the cyclical misfortune Bitcoin frequently provides is supporters. Weekly Crypto Market Performance. Source. Coin360.com However, the…

Crypto News From Japan: Sept. 22–29

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In this week’s selected cryptocurrency- and blockchain-related news from Cointelegraph Japan, Bitflyer adds the Ether (ETH)/yen pair to its trading platform, the official website Ethereum.org adds a Japanese language version, while Monex CEO Oki Matsumoto says that Facebook opened Pandora’s box with its stablecoin project, Libra. Here is the past week of cryptocurrency and blockchain news in review, as originally reported by Cointelegraph Japan. BitFlyer adds Ether/Japanese yen pair to its trading platform On Sept. 25, Cointelegraph Japan reported that the Tokyo-based cryptocurrency exchange BitFlyer was adding the Ether/yen pair…

JP Morgan on What Caused Bitcoin Price Crash to $8,000

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Bitcoin (BTC) hasn’t had the best week. In fact, the cryptocurrency is set to close down some 20% on the week, which is one of the asset’s worst performances since the bearish capitulation seen in November of last year. A bit late to the party, JP Morgan recently came out with its analysis of the recent price crash, trying to explain to clients the cause behind Bitcoin’s precipitous plunge off a price cliff. What Caused Bitcoin to Crash? In a research note obtained by Bloomberg, JP Morgan analyst Nikolaos Panigirtzoglou…

North Korea Wants Its Own National Crypto, CBDC Fever Spreads in Asia

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It seems that a movement to create a national cryptocurrency is gaining momentum in Asia. Following China, the North Korean authorities announced their readiness to issue digital money and even indicated the availability of all required resources — both technical and human — to implement this task.  Will the government of the most isolated country in the world go further than its Asian neighbor, or is this just another attempt to scare the United States? Among the reasons for issuing a North Korean digital coin, experts name the circumvention of…

North Korea Needs Its Own National Crypto, CBDC Fever Spreads in Asia

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It seems that a movement to create a national cryptocurrency is gaining momentum in Asia. Following China, the North Korean authorities announced their readiness to issue digital money and even indicated the availability of all required resources — both technical and human — to implement this task.  Will the government of the most isolated country in the world go further than its Asian neighbor, or is this just another attempt to scare the United States? Among the reasons for issuing a North Korean digital coin, experts name the circumvention of…

A Clear Path for Ethereum

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This article provides an overview of Ethereum’s rise, from conception through its initial coin offering (ICO) and beyond. Coinciding with the ICO came attempts to regulate and classify digital currency by multiple governmental and nongovernmental bodies — including the United States Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), the Uniform Law Commission, the Internal Revenue Service (IRS) and the Financial Crimes Enforcement Network (FinCEN). Each has its own opinion on the matter, and as of yet there has been no uniform definition, law or guideline. However,…

Veteran Trader Shares Tips on how to Profit from Bitcoin and Altcoin investing

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Successful traders treat trading like a business and part of treating your trading like a business involves keeping a journal. While everyone has a different format and preference, I generally use an Excel spreadsheet to help with calculations and provide organizational clarity. Crypto investors are always curious about each other’s positions and typically these conversations take place in private DMs and telegram chats. The goal here is to provide some transparency on my trading routine and I hope traders find the process of observing each step of every trade educational. …

Top-5 Crypto Performers: LEO, LINK. MIOTA, XRP, XTZ

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Chinese fintech stocks have surged this year on hopes that the launch of a digital currency by the People’s Bank of China will increase demand for security and payment services. Morgan Creek Digital co-founder Anthony Pompliano said that if the digital yuan becomes a reality, it might threaten the dollar’s reign as the global reserve currency. However, he said that even if central banks issue their own digital currencies, people were likely to opt for a currency which cannot be manipulated, seized or censored.  European Central Bank (ECB) president Mario…

Crypto Carnage, Zuckerberg Admission, Royal BTC Scam: Hodler’s Digest, Sept. 23–29

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Coming every Sunday, Hodler’s Digest will help you 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 Crypto carnage: Bloodbath for altcoins as Bitcoin crashes It’s been a week to forget in the crypto world. Bitcoin (BTC) prices crashed hard on Tuesday — rapidly dropping from $9,800 to $8,150 over the course of the day. The double-digit percentage losses saw the overall…