|Day's Range||6,410.257 - 6,493.507|
|52 Week Range||2,044.4099 - 18,750.9258|
Recent regulatory clarity from the U.S. Securities and Exchange Commission had digital currency evangelists claiming victory. Not so fast says the Bank for International Settlements. While hard-core proponents like the Winklevoss twins say those who can’t see the potential of bitcoin and other digital currencies as a global currency, lack imagination, the BIS, which provides services to the world’s central banks, concluded that adoption of decentralized technology lacks one crucial component: trust.
Tech tycoon couples were heavy hitters in charitable giving in 2017Adam Berry / Facebook CEO Mark Zuckerberg and Priscilla Chan were among the top donors to charity in 2017. The U.S. cleared a generous milestone in 2017, with Americans donating a record amount to charity. Charities raked in $410.2 billion from generous Americans last year, but much of that money came from the richest households, according Giving USA’s annual report on philanthropy.
Trade War Escalates, Consumers Lose, Greenspan Worried Nonagenarian Alan Greenspan, all of 92 and still kicking, doesn’t like where the trade war is going and believes that the notion that foreigners are “ripping us off” is “complete nonsense” since the people that buy imported goods are American citizens, who do not really tend to feel […] The post Market Morning: Alphabet, JD Ignore Trade War, Oil Down on OPEC Spat appeared first on Market Exclusive.
While they are different asset classes, price movements for the broader equity markets and bitcoin began tracking each other after the cryptocurrency exploded in popularity last year. Similarly, both bitcoin and cryptocurrencies reached lows during February and March amid a sell-off.
Bitcoin prices tumbled after news of yet another major crypto theft broke June 10. Week after week in 2018, cryptocurrency investors have been hit by a stream of negative headlines about increasing regulation and cryptocurrency-related thefts, hacks and scams. Last month, a study by the Anti-Phishing Working Group revealed that a staggering $1.2 billion in cryptocurrency has been stolen in the past year alone, not including the 30 percent of digital currency recently stolen from Coinrail.
The cryptocurrency market ended a brutal week on a low note on Friday, with most major cryptocurrencies trading down more than 2 percent on the day. Here’s a look at some of the headlines that were moving ...
Blockchain technology is what powers and supports the digital currency space, and many analysts believe that it contains numerous viable applications and uses beyond cryptocurrencies as well. You may have heard about financial institutions and even mainstream corporations around the world beginning to explore ways that they can integrate blockchain technology into their traditional practices. Beyond that, though, it can be a bit of a mystery as to what blockchain is exactly and as to how it works.
It's been a rough week for digital currencies. Starting over the weekend, when news of the theft of $40 million in tokens from South Korean exchange Coinrail may have contributed to a loss of $25 billion for the industry as a whole, digital currencies have continued to plunge in value. As is common, many of the other largest digital currencies followed suit, generally declining across the course of the week.
Digital currencies are trading marginally lower Friday, giving back some of yesterday’s gains that came after a prominent SEC official said both bitcoin and Ether shouldn’t be classified as securities. While market consensus was that bitcoin wasn’t a security, Ether, because of its use in most initial coin offering (ICO) sales, was unclear. “Based on my understanding of the present state of ether, the ethereum network and its decentralized structure, current offers and sales of ether aren’t securities transactions,” said William Hinman, director of corporate finance at the Securities and Exchange Commission.
When they were first introduced, bitcoin futures were expected to boost prices and demand for the cryptocurrency. According to a recent report from well-known crypto markets analyst Fundstrat’s Tom Lee, bitcoin futures are the cause of “gut wrenching” weakness in the cryptocurrency’s price. Specifically, bitcoin prices demonstrate downward volatility around the expiration date of futures contracts as traders, who are long on bitcoin and short its futures contracts, sell their bitcoin holdings to generate “a handsome profit” for their futures bet.
Bitcoin was trading at $6,525.40, rising 0.53% the Bitfinex exchange, as of 8:39 AM ET (12:39 GMT), but was still down 24% over the week.
The crypto industry is buzzing about NFTs, non-fungible tokens, because it's clear CryptoKitties and its clones just might make the tech mainstream.
In an interview with the New York Times, Stephen Bannon, former chief strategist to President Trump, disclosed that he has a “good stake” in the cryptocurrency. Bannon, who founded the rightwing publication Breitbart and is infamous for reportedly crafting the so-called Muslim ban, is also considering starting a new venture associated with the cryptocurrency. The venture could take the form of investments in initial coin offerings (ICOs) using his business Bannon & Company or developing a new crypto coin called “Deplorables Coins” (a reference to Hillary Clinton’s description for President Trump’s supporters) or, even, helping countries develop new cryptocurrencies.
Investing.com – Ethereum surged, while other major cryptocurrencies also rose on Friday on the news that U.S. regulators has spared transactions involving Ethereum from federal securities rules.
The price of ethereum classic surged by 25% in half an hour on Tuesday, following the news that it is being added to Coinbase's trading options.
Like Warren Buffett, Jim Chanos is an expert in his domain, which is traditional finance, not crypto. And he's getting it wrong too.
The price of bitcoin, the world's largest cryptocurrency by market capitalization, fell to its lowest point since April 1 on Tuesday.
An indicator meant to measure the rate at which an asset is being bought or sold may foretell a future bump for the price of bitcoin.
The Canadian mass media and information giant, Thomson Reuters, is expanding its sentiment analysis to track 100 of the world's top cryptocurrencies.