Cryptocurrency News
At press time, the price of bitcoin has fallen dramatically, and the currency is now trading for just over $6,700. This is about $900 less than where it stood just 24 hours ago. Investors were excited by the prospects that bitcoin had recently struck the $7,700 mark, and could potentially […]
For those calling for the end of the bear cycle- hold tight a little longer. Following the extended sideways market movements, a price explosion was imminent. Unfortunately, this action took place in favor of sellers, as Bitcoin continues to tumble over the course of the past 24 hours. Altcoins have […]
There have been numerous allegations regarding Bitcoin and cryptocurrencies being used for nefarious activities. Making any of these charges stick has been a bit more difficult than anticipated, although there are some key statistics which all users need to be aware of. Turning illicitly obtained funds into ‘legal’ currency is […]
Up until just hours ago, Bitcoin and altcoins have had a relatively quiet week. An extended sideways trend has kept volatility at impressive lows. However, recent price action on Bitcoin may have awakened the charts back to massive fluctuations that typically define cryptocurrency markets. Earlier today, global cryptocurrency markets were […]
In terms of activity, this past week has been no different than any other in the realm of cryptocurrency. With recent SEC and CFTC statements on cryptocurrency, Ripple’s multi-million dollar research fund, and EOS mainnet launch all taking place this week, the beginning of June has certainly been eventful. However, […]
At press time, the father of cryptocurrencies is standing its ground at $7,600. The coin has undergone no change over the last 24 hours, suggesting that present support levels are holding up, but that resistance at $7,600 is proving difficult to overpower. One source states that bitcoin is “gathering steam” […]
Cryptocurrencies that are developed with the aim of replacing sovereign currencies such as the US dollar or the Japanese yen like Bitcoin are not securities. This is according to Jay Clayton, the chairman of the US Securities and Exchange Commission. In an interview with CNBC, Clayton also stated that most […]
Google searches for Bitcoin have dropped greatly this year, a reflection of the current turmoil in the market. According to a report by CNBC, searches have dropped by 75% this year from their record highs at the peak of the upward price trend in December of last year. Quoting data […]
At press time, bitcoin is trading for just over 7,600. This is a near $60 drop since reaching yesterday’s high of $7,700. Though small, the currency has ultimately failed to defend this new line, leading analysts to wonder if $8,000 is no longer doable in the short-term. One source suggests […]
Regulatory developments involving cryptocurrencies are always worth keeping an eye on. In Indonesia, there has been a lot of confusion regarding the future of Bitcoin and similar currencies. The Trade Ministry’s Futures Exchange Supervisory Board has finally rendered a verdict in this regard. Cryptocurrencies are commodities, regardless of what the […]
While there are many potential benefits to cryptocurrency, one has to acknowledge this new form of money has gotten a bad reputation as well. There are many reasons as to why criminals are drawn to Bitcoin and other similar currencies. Even so, it remains to be seen how long this […]