Maduro Raises Petro’s Value By 150 Percent Amid Ongoing Inflation

Venezuelan president Nicolas Maduro has raised the reference value of the national cryptocurrency, Petro, against the background of the country’s ongoing hyperinflation, the president’s official Twitter tweeted Nov. 30. According to major Latin American television channel TeleSur, Maduro first announced the new Petro rate on Thursday. Nov. 29. The value of the Petro is now set at 9,000 sovereign bolivars, instead of the previous 3,600 bolivars. Speaking in Caracas that day, Maduro also ordered an increase in the monthly minimum wage by 150 percent, which is the sixth increase in…

Bitcoin Briefly Breaks Over $4,000, Bitcoin Cash Sees Gains Near 20 Percent on the Day

Monday, Nov. 26: crypto markets have seen a strong flush of green amidst the recent news that the U.S. state of Ohio is poised to become the first state to accept Bitcoin (BTC) for tax payments. Virtually all of the top 100 cryptocurrencies by market share are seeing a sufficient rebound over the past 24 hours, with Bitcoin Cash (BCH) growing the most by almost 20 percent on the day. Market visualization from Coin360 Yesterday, Nov. 25, Bitcoin dipped below the $4,000 threshold for the first time since September 2017,…

New Crypto Exchange Will Be ‘100 Percent Owned By Users’

A hybrid community-owned digital asset exchange is hoping to simplify trades and investments while driving down the cost of transactions. DAREX’s hybrid model enables users to trade utilities and securities – and the revenue generated from these transactions is subsequently shared with token holders. In time, the exchange hopes to become a “truly beneficial and democratic exchange platform for all.” The startup is set to be “the first exchange of its kind” thanks to how it blends the benefits of centralized exchanges with a decentralized ownership structure. The platform is…

Bitcoin Hits Lowest Since October 2017 as Bitcoin Cash Drops 40 Percent

A “panicked” twenty-four hours in cryptocurrency markets saw Bitcoin (BTC) hit fresh lows not seen in over a year Nov. 20 as assets across the board shed millions. Data from Cointelegraph’s price tracker, Coin360, CoinMarketCap, and Bitcointicker captured frenetic activity into Tuesday as BTC/USD dropped up to 17 percent, at one point reaching $4,237. Market visualization from Coin360 Bitcoin’s daily losses currently total 15.5 percent after a correction to around $4,500, while the situation remains highly volatile as the pair tests new resistance levels. Bitcoin 7-day price chart. Source: Cointelegraph…

Bitcoin Tumbles By 12 Percent As Bitcoin Cash Hash War Spooks Investors

The price of bitcoin broke away from its “stablecoin mark” in the mid-6,000s and dropped by over twelve percent as a result of the bitcoin cash (BCH) hash war that has spooked investors and highlighted how fragile and volatile the digital currency sector still is. On Thursday, the bitcoin cash (BCH) network split into two after disagreements among critical stakeholders of the BCH community. Now, there is the BCH Bitcoin ABC chain and the BCH Bitcoin SV chain, both of which are being mined. While the Bitcoin ABC side, backed…

CoinShares CSO Demirors Urges Calm Among Bitcoin Investors as Prices Slide 12 Percent

Institutions “taking money off the table” was a major factor contributing to Bitcoin’s (BTC) and altcoins’ sudden price drop, the CSO of CoinShares told CNBC Nov. 14. Speaking on the network’s Fast Money Segment, the cryptocurrency exchange-traded products firm’s Meltem Demirors said volatility was a given in the run-up to the Bitcoin Cash (BCH) hard fork. “Any time there are hard forks things tend to trade weird and strange, so I think people are trying to take some risk off the table,” she explained. Markets began tumbling Wednesday, Cointelegraph reported…

Bitcoin Cash Spikes 20 Percent in the Wake of Upcoming Hard Fork Backed by Binance

  Sunday, Nov. 4: crypto markets have seen a lot movement today, with most of the top 20 coins by market cap seeing significant growth, and with Bitcoin Cash (BCH) spiking almost 21 percent by press time. Market visualization from Coin360 Bitcoin Cash, the fourth top cryptocurrency by market capitalization, has grown sharply from $473 at the beginning of the day to as high as $573 as of press time, which is the highest trading point of the cryptocurrency over the past month. Trading around $420 for the most part…

‘Ruff’ Month? Dogecoin’s Price Slid 36 Percent in October

Market data shows that the meme-themed dogecoin was the worst-performing coin out of the world’s largest 25 cryptocurrencies by capitalization for the month of October. The cryptocurrency – derided as a joke by some, beloved by others – first hit the market in 2014 and has since been through a series of boom-and-bust cycles ever since in terms of overall market performance. The cryptocurrency’s most recent price boom began at the end of August and extended into early September, when its price surged over 160 percent to reach a six-month high…

Volumes Dry Up as Monthly Losses Rise to 23 Percent

Even as traders and investors maintain a bullish outlook, XRP/USD monthly losses are high. Because of Oct 29 losses, we shall revert back to neutral, holding off trading now that our stops at 45 cents were hit on Monday. Encouragingly, the hype around Ripple’s achievement, XRP may find support at 40 cents and perhaps steer a comeback. Latest Ripple News Clearly, digital assets are not like stocks. The latter are more stable and react to prices—fast! Unlike stocks, XRP is a sought after assets. The coin became a talk in…

Cardano (ADA/USD) Shed 18 percent as Bear Momentum Pick up

At the face of bears, Cardano (ADA/USD) pair losses are steep. It’s down 18 percent in the last month as LTC/USD sink deeper into loss making territory despite market building announcements. This divergence between technical candlestick formation and fundamentals could temper prices. But first we need to see strong rejection of lower lows. Let’s have a look at these charts: EOS/USD Price Analysis EOS Nation, a group of well-meaning developers drawn from different block producers shall vote today and decide on whether they shall release a tool, EOS Referendum that…