After yesterday’s initial excitement regarding the cryptocurrency markets yesterday, it seems most of the momentum has evaporated once again. Most of the top currencies are in the deep red again as we speak, even though the EOS price is the sole exception right now. Unlike the other currencies, the EOS price has risen by 11.41% in the process, which is interesting to keep an eye on. EOS Price Momentum is Still Bullish To put all of this into perspective, yesterday was an extremely positive day for all cryptocurrency markets. We saw Bitcoin and the likes rise by 5% or more,Powered by WPeMatico
Regulatory pressures and a broadening bank clampdown have seriously affected cryptocurrency exchanges in India. Their representatives claim bitcoin trading has dropped as much as 90 percent in the last two months. Cryptos are not considered legal tender in the country and authorities have demonstrated a negative attitude towards their use. At the same time, leading […]
Decentralized exchanges are gaining a lot of traction in the cryptocurrency world these days. Kyber Network is one of the platforms a lot of people are showing great interest in. With centralized exchanges being scrutinized and targeted by hackers, it is evident that decentralized solutions are the way forward. Kyber Network Goes Live Even though Kyber Network is nothing new under the sun, the project has been in development for quite some time now. A lot of people were excited about the launch of this platform, although it remained unclear if and when the platform would go live. It now seems
In the global downtrend that has extended for a majority of 2018, ICON (ICX) is among the coins that have taken the biggest hit, seeing a loss in value of more than 80% from January highs to recent lows. In the past week, however, ICX has more than doubled, and in the past day alone, has seen a price increase of over 40%. In the eyes of many speculators and supporters, ICON is a sleeping giant. While this is a large project, with a market cap of close to US$1.3 billion, many suggest the true value of the project seeking
There have been numerous discussions as to whether or not Amazon will ever accept cryptocurrencies such as Bitcoin and Litecoin. So far, the company is not even remotely inclined to do so. A recent survey by LendEDU shows that Amazon could easily become the go-to company for various financial services, including its own native currency and banking. It will be interesting to see if the e-commerce giant will ever explore these options moving forward. Amazon and Finance Seem Like a Good mix This particular survey conducted by LendEDU hints at an interesting future for Amazon in the world of financial services. Even
Most cryptocurrency enthusiasts are well aware that the SEC is cracking down on initial coin offerings. This is not entirely surprising, as the industry raises a lot of questions regarding the legitimacy of creating value out of thin air. The SEC’s website has recently been updated with a page dedicated to initial coin offerings, which is pretty interesting. The ICO Section on SEC.gov It was only a matter of time until the SEC dedicated a portion of its website to initial coin offerings. With dozens of investigations being launched against companies trying to raise money in unique ways, it is only normal that
A lot of people are confident about the Bitcoin price as of right now. Despite the mounting volatility in the market, it has become evident there is some positive momentum looming overhead. Some experts even claim this is the moment at which the Bitcoin price trend will reserve. An optimistic view, as there is a stable level of support for Bitcoin as of yet. The Bitcoin Price Past $9,000 As we have seen last week, the Bitcoin price took a nasty tumble and hit a low of $7,400. Although most people had expected $8,000 would be the new normal for
It has been a pretty interesting few days for all cryptocurrency markets. With most currencies noting small to medium gains, a trend reversal appears to be on our hands. As of right now, some coins are nothing some big gains as of right now, including Cardano. With the Cardano price shooting up by nearly 19% in the past 24 hours, things are looking good once again. Cardano Price is Moving Up Nicely It has become evident there are a few currencies out there which will rise in value quicker than the rest. This is especially true where lower-cap currencies are
Not too long ago, Bitmain unveiled its new Antminer X3 ASIC miner. This particular device will let users mine CryptoNight-capable currencies at a higher than normal pace. One currency notably absent from the list of coins to be mined is Monero, as its developers introduced an emergency hard fork to address this problem well in advance. All of this makes one wonder how long Bitmain has been using the new ASIC. The Use Cases for Bitmain’s X3 ASIC While it is evident there are plenty of CryptoNight cryptocurrencies on the market today, most people would buy the Antminer X3 to mine Monero. Out
A lot of people are concerned that the G20 will crack down on cryptocurrency and potentially even ban Bitcoin and altcoins. So far, it seems those concerns are unnecessary, as the group has no immediate plans to intervene in this industry. In fact, the group has rejected the call for regulation, which is an extremely bullish signal for the industry as a whole. G20 Rejects Crypto Regulation Whenever the topic of cryptocurrency regulation comes up, there will be a wide variety of opinions. To some people, regulation is irrelevant, as cryptocurrencies can’t be regulated in the first place. With no central