Mohammed A. El-Erian and Roger McNamee are in agreement: as we enter the new year, the Bitcoin market is at a critical point in its development. In separate articles, both financial experts expressed their beliefs that, following a meteoric rise in 2017, the near future will define how history views Bitcoin in hindsight. Time for a New Paradigm? “ the waning days of 2017,” Mohammed A. El-Erian writes in an op-ed for Bloomberg, Bitcoin’s “market is at a crucial juncture.” A chief economic adviser at Allianz, El-Erian argues that “the market finds itself at an important juncture – perhaps even aPowered by WPeMatico
The cryptocurrency markets are treading water right now. Bitcoin has continued its downtrend, slipping even closer to the US$10,000 mark. And with a few exceptions, the other markets are following at its heels, as portfolios the world over are turning red. On the Come-Down Plenty of folks, especially here in the States, went to bed with the unpleasant knowledge that Bitcoin was struggling to retake US$14,000. Well, king crypto has slouched even lower on his throne, sitting at US$12,766 at the time of writing. This price puts it about US$700 away from reaching the floor on which it bottomed out during last week’s
Chicago Mercantile Exchange (CME) has launched a market simulation tool that allows newcomers to practice trading bitcoin futures without risking any capital. The free tool has been added to the company’s ‘CME Institute Suite’. Also Read: Thailand’s Year of Bitcoin Ends With Central Bank Education Push CME Tweeted About the New Simulator on December 27th – […]
The global peer-to-peer (P2P) bitcoin markets have seen record trading volume as a consequence of last week’s major price retracement. According to data provided by Coindance, numerous national markets saw historically unprecedented trade volume throughout December – suggesting that many investors may have been taking profits following bitcoin’s dramatic bull run up to the $20,000 […]
The rise of ripple (XRP) over the past eight months has been interesting to many digital asset spectators and the network also has its fair share of controversy. At the moment XRPs are trading at an average of $2.20-2.40 per token and ripple’s total market valuation has captured $91Bn this week. Many skeptics are wondering […]
South Korean exchange Youbit filed bankruptcy last week but has now come up with additional options to pay back its members. The exchange is asking them to vote between three options. Also read: Russian Regulators Draft Law to Restrict Crypto Mining, Payments, and Token Sales Youbit’s Bankruptcy Filing Youbit exchange’s operator Yaffian filed bankruptcy on December […]
