The Marshall Islands | Issues its Own Legal Tender Cryptocurrency

The Government of the Marshall Islands is becoming a world reference in the adoption of cryptocurrency thanks to the official promulgation of the Declaration And Issuance Of The Sovereign Currency Act. A legal tender cryptocurrency that could change the current situation regarding the valuation of cryptocurrencies. According to information revealed by Ran Neuner, Host of Crypto Trader, a show broadcasted by CNBC Africa, the document was signed on March 1, 2018, as a final step in a series of efforts made by the country to migrate to cryptos, mitigating its…

Bitcoin Price Falls to $7,800 as Cryptocurrency Market Drops $27 Billion Overnight

Join our community of 10 000 traders on Hacked.com for just $39 per month. On yesterday’s report, CCN emphasized that if the bitcoin price falls below the $8,200 resistance level once again, a reentry into the $7,000 region is inevitable. Over the past 24 hours, the bitcoin price dropped by around 4 percent from $8,300 to $7,850. Bitcoin Price Trend As CCN previously reported, the recent correction of the cryptocurrency market can be attributed to three major factors: Mt. Gox sell-off in early May, Bitfinex taxation policy, and scandal involving…

Asian Cryptocurrency Trading Update: Zcash Investment Keeps it Climbing

The sideways market is over and the bears are in full control. A wave of panic selling seems to have washed across crypto land once again and markets have hemorrhaged $27 billion in 24 hours. Bitcoin has plummeted below the psychological $8k barrier and shed 4.6% on the day trading at $7,930 at the moment. Further losses look inevitable. Altcoins as usual have all collapsed, many losing double figures in the last few hours. Only one is in the green in the top 50 at the time of writing and…

Cryptocurrency Market Volatility | Too Dangerous for Future Prospects

Cryptocurrency market volatility: Cryptocurrencies are the most volatile asset in the world. Because of this, the global financial system finds it difficult to consider them as viable alternatives to fiat currencies. The crypto market has the potential to generate or wipe-off billions of dollars in few hours alone. Bitcoin (BTC), for instance – which is the leader of the cryptocurrency market – has produced huge upside and downside volatility in the last five quarters. The BTC coin rose from $1,000 level at the beginning of fiscal 2017 to an all-time high…

No Investors Affected, Hard to Charge Cryptocurrency Exchange UPbit

Join our community of 10 000 traders on Hacked.com for just $39 per month. Experts in the cryptocurrency sector of South Korea have stated that it will be difficult for the government and local financial authorities to file charges against UPbit, South Korea’s biggest cryptocurrency exchange, given that no investors were affected. Funds Real, No Investors Affected Last week, CCN reported that UPbit was raided and investigated by local police, Korea Financial Intelligence Unit (KIU) and Financial Services Commission (FSC) due to suspicions of fraud. Local financial authorities accused UPbit…

Asian Cryptocurrency Trading Update: Only Decred Showing a Gain

It appears that we’re in for another week of yo-yoing on crypto markets, Monday up, Tuesday down. Momentum could not carry markets over $400 billion and they’ve fallen back today in the same pattern we’ve seen for the past week. The buying starts in Asia and the selling starts in America and the cycle repeats. Bitcoin failed to push past $8,500 and has retreated back 2% to $8,340. All altcoins have mirrored the slide and are in the red at the moment. We have to go outside the top 25…

The Necessary Evil Of Cryptocurrency And How To Handle It

Part of what has cemented cryptocurrencies on the map since they exploded into the mainstream investor market has been their volatility. Investors flooded to the likes of Bitcoin when, through November and December 2018, the value of the cryptocurrency increased in value exponentially. However, such volatility is a two-edged sword, and the cryptocurrency market has shown that in 2018 with Bitcoin’s price shedding more than 50 percent at times from its year end price of $13,000. The cryptocurrency market has also felt the ill effects of Bitcoin’s volatility because as…

Former OKEx Chief Joins Rival Cryptocurrency Exchange Huobi

Chris Lee, the former CEO of Hong Kong-based crypto exchange OKEx, has announced he is joining rival platform Huobi as its vice president of global business development. According to an announcement by Singapore-based Huobi on Monday, Lee will head the group’s global mergers and acquisitions strategy and supervise international development as the exchange moves towards global expansion. “I am a big believer in blockchain technology and view exchanges as the heart of the industry,” Lee said in the announcement. The new appointment comes just a week after Lee announced his resignation…

Asian Cryptocurrency Trading Update: Tron Trounces Other Altcoins, Surpasses Iota

Another Monday morning in crypto land brings us a little more hope as markets are once again climbing back towards $400 billion. Bullish technical signals are aplenty and Bitcoin is currently 2.9% up on the day at $8,500. The weekend has been flat with no news or momentum in either direction. Altcoins are pretty much all in the green this morning making steady gains. The altcoin everybody loves to hate is shooting off again this morning, Tron. Take a look at any social media crypto group and you’ll see posts…

Asian Cryptocurrency Trading Roundup: Indian Exchange Listing Lifts Zilliqa

While crypto markets are still open on weekends things predictably slow down a little. Activity has been relatively flat over the past two days and no momentum has built in either direction. Fortunately there has been no crash back down to early April levels, but on the flip-side the bulls could not push total market capitalization back over $400 billion either. Bitcoin has wallowed around $8,300 for a few days with no gains or losses on yesterday’s levels. Altcoins have been a mixed bunch, some falling further while others have…