|Day's Range||6,410.257 - 6,451.613|
|52 Week Range||5,601.2998 - 18,750.9258|
The Dow reversing higher here, trying to bounce back from a rough week.
The rundown: Bitcoin and all major currencies – except LTC and XRP – were up in the morning; Magic Cube releases the results of its first initial game offering; Cryptic Labs partners with Fractal Platform to solve some fundamental limitations of blockchain; cryptocurrency exchange Bithumb is holding a new registration event for new global cryptocurrency […] The post Bitcoin News Crypto Currency Daily Roundup October 16 appeared first on Market Exclusive.
Nouriel Roubini, the New York-based economist, and professor at the NYU Stern School of Business has a reputation for offering analyses that others may not want to hear. Roubini successfully predicted the 2008 financial crisis at a time when hardly any other economists or analysts expected such a financial disaster. More recently, though, Roubini has made headlines for his outspoken position against digital currencies and the blockchain industry.
Bitcoin prices held on to Monday’s gains but failed to get a further bump after news Fidelity, the financial services giant, would begin offering crypto trading and custody services for hedge funds and sophisticated investors. “This is a huge step forward in mainstream adoption of cryptocurrency,” wrote Bruce Elliott, president of ICOx Innovations, a cryptocurrency rewards and payments system. This is a signal that financial markets and regulators are gaining clarity and comfort on the outlook for trading cryptocurrencies,” he said.
Messaging giant LINE's Bitbox exchange has made its LINK token available for trading against bitcoin, ethereum and tether.
At the Bloomberg Institutional Crypto Conference in New York, Fidelity Investments, a financial services behemoth with assets worth $2.5 trillion under management, announced the launch of Fidelity Digital Assets - a digital assets service business aimed at institutional investors. The new business offers an assortment of services targeted at institutional investors.
Bitcoin prices are trading sharply higher Monday after a credit scare on a major cryptocurrency exchange created a rush for the No. 1 digital currency.
Countries in Latin America and Africa are finding stores of value in Dash, bitcoin, ether and other cryptocurrencies.
Binance suspended tether withdrawals Monday after pushing back against rumors that the exchange would delist the stablecoin.
Fidelity Investments announced Monday it had launched a new company that will offer digital currency services to its customers.
Tether, the company that issued the first and most well-known stablecoin has, not for the first time, found itself in the headlines.
Cryptocurrencies have been turning in a forgettable performance so far this year, with bitcoin — the most widely traded crypto — losing a whopping 56 percent year-to-date after a stellar performance in 2017. The digital currency soared to a high of $6,950, but has since then given back some of the gains and was trading at $6,665.91 at the time of publication, according to CoinMarketCap. The cryptocurrency Tether is making a downward move, losing 2.38 percent against the dollar and 8.08 percent against bitcoin.
The rundown: Bitcoin and all major currencies were up in the morning; Epoch Partners announces the world’s first cryptocurrency IPO; the automotive blockchain market will reach $5.29 billion by 2030 says a new report; Unocoin officially announces plans for crypto ATMs in India; Hong Kong is planning to regulate cryptocurrency trading platforms; Barclays (NYSE:BCS) has […] The post Bitcoin News Crypto Currency Daily Roundup October 15 appeared first on Market Exclusive.
Bitcoin and the equities markets both took a tumble this week, leaving many to wonder if BTC is more safe haven or risk asset.
Bitcoin mining was once, as close as you could get to free money. Now, 10 years on since the first bitcoin was mined, competition to solve these complicated puzzles on the blockchain has surged making that free money not so free. In fact, it’s become so saturated that retail miners who are plugging in their PCs, hoping to earn a quick buck, are now losing money, according to data from Diar, a blockchain and data analytics firm.
Bitcoin prices holds above $6,000 Friday, after a 24-hour selloff results in the price of the world’s largest digital currency trading perilously close to the crucial support level.
After Thursday's range breakdown, the prospects of a deeper drop in BTC prices have increased, the price-volume analysis indicates.