Cryptocurrency prices wavered on Wednesday following the biggest 24-hour devaluation in months, leaving little guarantee of a swift recovery in the near term.For Ethereum (ETH), the grind lower has been much more extreme when valued against bitcoin (BTC). While the ETH/BTC exchange rate has been in recovery throughout September, the year-to-date picture is grim. How ether performs relative to the 'king of cryptocurrencies' offers eye-opening insights into the broader altcoin market.Crypto...
Read More »What Could Have Made Bitcoin Sink So Dramatically?
Well, after yesterday’s crypto bloodbath, probably the biggest thing enthusiasts and traders are asking themselves is, “What the heck could have made bitcoin and its altcoin cousins fall so badly like that?”Bitcoin and Crypto Falls HeavilyBitcoin, with virtually no signs whatsoever, lost more than $1,000 in just a matter of minutes, falling from about $9,480 at this time yesterday to roughly $8,110. By the mid-afternoon, the currency had jumped back up to $8,600, but at press time, it has...
Read More »Bitcoin SV: Jimmy Nguyen visits Zurich
Bitcoin Association President Jimmy Nguyen to Keynote the IADC’s International Corporate Counsel College in Switzerland October 24 Noted Bitcoin and blockchain expert Jimmy Nguyen, Founding President of the Bitcoin Association, a business organization that seeks to return the Bitcoin and blockchain field to its roots in the Satoshi Vision of the original Bitcoin via Bitcoin SV (BSV), will speak at the International Association of Defense...
Read More »Ethereum Price (ETH) Plunges 33% in 5-Day Spiral After 2019’s Strongest Rally
The Ethereum price (ETH), which recorded arguably its strongest rally in 2019 from September 7 to 19 fell by nearly 33 percent within a five-day span against the U.S. dollar as the cryptocurrency market corrected. Following a strong rally, the Ethereum price dropped by more than 30 percent against the USD as the cryptocurrency market corrected (source: coinmarketcap.com)After surging from $168 to $224, the Ethereum price has retraced back to $168, erasing all of its gains throughout the past...
Read More »So Fi Is Bringing Some Mainstream Cryptocurrenices to Its Table
So Fi has announced that it will be adding bitcoin, Litecoin and Ethereum to its investing platform now that it’s joining hands with Coinbase, arguably the biggest and most popular cryptocurrency trading platform in the United States. People will now be able to participate in exchange-traded funds (ETFs), stock trades and cryptocurrency transactions through one company. So Fi Is Growing Like CrazyApproximately 40 different coins are available for purchase and trade via So Fi, and customers...
Read More »Crypto Exchange Giant Binance Finally Launched US Trading
Malta-based cryptocurrency exchange Binance has finally opened up it’s long-awaited “store” in America’s part of the crypto-space, by launching trading on its new exchange for U.S. users. Today, on September 24, Binance.US has been officially launched.https://t.co/AZwoBOy3iq Opens Trading For BTC, ETH, XRP, BCH, LTC, BNB and USDThttps://t.co/Sc8MkzYkn4 pic.twitter.com/wlv9SCshlM— Binance.US (@BinanceAmerica) September 24, 2019The company hopes that by doing so, it could enlarge its influence...
Read More »Blockchain is the Catalyst for the Supply Chain and Logistics Industry
The logistics and supply chain industry has been topsy-turvy since the dawn of the new millennium. So many issues have made many logistics and supply chain systems to change from being simple down-to-earth and easy to use to becoming complex and most times incomprehensible.This has made many nightmares come true for organizations with losses ranging from thousands to millions of dollars. This has however changed over time with the introduction of solutions that have changed the outlook of the...
Read More »Bitcoin and Altcoins Lose Steam as Bakkt Records Poor Start Amidst Today’s Crypto Congress Hearing
When Bakkt was first announced last year, the entire crypto community welcomed it as a great addition to the sector, hoping that it will have enough power to propel the industry considerably higher. However, even though many think it’s still a little too soon to judge, the first day of Bakkt’s launch has not exactly been encouraging as the overall market has dropped in valuation in response to Bakkt’s weak first day.After the first hour, Bakkt recorded only about five contracts and even 9...
Read More »Top German Stock Exchange Boerse Stuttgart Launches Digital Asset Exchange
Innovative and top tier German stock exchange Boerse Stuttgart is the second largest in terms of trading volume and number of deals and has introduced a digital asset exchange called BSDEX, which goes live today. Currently, the platform offers Bitcoin spot trading. The platform will be open to German residents this year and early next year the exchange will be open to the residents of the European Union. Immediately though only a few chosen traders are allowed to trade on the platform. Retail...
Read More »Ethereum Price Analysis: ETH Testing Key Support, Can It Bounce Back?
Ethereum price started a downside correction after trading as high as $225 against the US Dollar.ETH price is currently trading below the $210 support and is testing the $200 handle.There is a crucial bullish trend line forming with support near $198 on the 4-hours chart (data feed from Coinbase).The price is likely to bounce back as long as there is no daily close below $198 and $193.Ethereum price is closing in towards major support near $198 against the US Dollar. ETH price could bounce...
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