Crypto Markets See Slight Growth, Total Market Capitalization Nears $392 Bln

May 20: Crypto markets saw some growth over the past 24 hours, with all of the top ten cryptocurrencies listed on Coinmarketcap currently in the green and total market capitalization approaching $392 bln. Market visualization from Coin360 Bitcoin (BTC) is up around 3 percent in 24 hours to press time, currently trading at $8,520. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index Ethereum (ETH) has crossed the level of $700, currently trading at $719 with an increase in value of about 3% over the past 24 hours. Ethereum price chart.…

JP Morgan Announces Prototype Blockchain Platform to Streamline Capital Markets Infrastructure

J.P. Morgan Chase & Co presented a prototype of its blockchain platform for capital markets, which aims to cut costs and enable smoother securities transactions. The announcement took place at NY’s Consensus conference Wednesday, the Wall Street Journal reported May 16. Christine Moy, executive director of J.P. Morgan’s Blockchain Center of Excellence, told WSJ that blockchain “has the potential to be transformative” for the capital markets infrastructure. She explained that capital markets – in which vast amounts of capital are transacted – involve multiple systems and information flows between many…

Bitcoin Loses $9K Support As Markets React To S. Korea Investigation, Mt.Gox Sell-Off

Bitcoin prices fell to three-week lows of around $8,540 on May 11, as markets reacted to a flash investigation of South Korean exchange Upbit and a fresh Mt.Gox funds liquidation. Data from Cointelegraph’s price tracker and Coin360 shows BTC/USD dipping sharply over the past 24 hours, with major altcoin assets posting considerably higher losses of up to 18 percent. Traders appeared to deliver a knee-jerk reaction to news that Upbit, Korea’s largest cryptocurrency exchange and a subsidiary of communications giant Kakao, had received a visit from the country’s Financial Supervisory…

S. Korea’s Largest Crypto Exchange Upbit Investigated By Police, Markets React

Upbit, South Korea’s largest cryptocurrency exchange, is being investigated by local police and ten investigators for alleged fraud, local news outlet Chosun reports today, May 11. Upbit is a crypto-only exchange run by a subsidiary of Korean tech giant Kakao, and currently the fourth largest crypto exchange globally by 24-hour trade volume. Chosun reports that police believe the exchange has faked its balance sheets and deceived investors. South Korea’s Financial Supervisory Commission (FSC) reportedly sent ten investigators to the exchange’s head offices in Seoul at 10 am this morning, and…

Crypto Markets See Mix Of Green And Red After Weekend Selloff

May 9: crypto markets are seeing a mix of green and red after Bitcoin (BTC) challenged $10,000 on Saturday, May 5, only to be followed by a subsequent drop to as low as $9,000 during the weekend. The markets have since retraced their losses somewhat, with Bitcoin and Ethereum (ETH) showing gains of around 2 percent each over 24 hours to press time. Bitcoin Cash (BCH) has displayed the largest growth among top 10 cryptocurrencies, up 6 percent over 24 hours, according to Coinmarketcap data. Market visualization by Coin360 In…

$35 Bln Wiped Off Crypto Markets As BTC Tests $10k, Only To Retreat

May 7: more than $35 bln dollars were wiped off the crypto markets this weekend, as Bitcoin (BTC) tantalizingly tested the $10,000 resistance, only to retrace Sunday, May 6. Total market capitalization, which came close to half a trln on Saturday, is now down to $429 bln as of press time, as per Coinmarketcap data. All but one of the top ten coins are in the red, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) is trading at $9,226 as of press time, down about 3 percent…

BTC Tantalizingly Close To Smashing $10K Globally, Already There On Asian Markets

Saturday, May 5 : All eyes are on the markets this week as they consolidate a rally to levels not seen since early March, with Ethereum (ETH) and Bitcoin (BTC) leading the way, as data from Coin360 shows. Market visualization by Coin360 Bitcoin (BTC) has been tantalizingly close to breaking the $10,000 threshold, trading at $9,942 to press time, and as high as $9,991 over the 24 hour period. Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index Crypto commenter Joseph Young has pointed out that looking beyond the global markets’…

Crypto Markets Keep Experiencing Mainly Green After Last Week’s Market Corrections

Thursday, May 3: after a week of some small dips and small growth, the crypto market is firmly back in the green, with Bitcoin (BTC) and Ethereum (ETH) back over the psychological price points of $9,000 and $700 respectively today, May 3. BTC is currently trading around $9,336, up around 1.5 percent over a 24 hour period by press time. ETH is up around 9 percent over a 24 hour period by press time, trading around $742. ETH’s jump back over $700 comes despite the news that the US regulators…

Crypto Markets Showing Positive Signs, With Gains For Top Ten Coins

Wednesday, May 2: the crypto markets are reasserting their recovery from recent corrections, with all of the top ten coins by market cap showing percentage gains today, as Coin360 data shows. Bitcoin (BTC) is reclaiming a level above the $9,000 mark, trading at $9,142 to press time, up almost 2 percent in the 24 hour period. Ethereum (ETH) is up almost 4 percent over the 24 hour period, holding ground just above $675 since early morning, after it took a hit yesterday, trading as low as $637. Yesterday’s dip may…

Crypto Markets Experience Slight Correction, But BTC Still Close To $9,000

The crypto markets are seeing a slight correction, with Bitcoin (BTC) dropping below $9,000 today, May 1, according to data from Cointelegraph’s price index. The markets followed suit, with all but one of the top 10 coins in the red. Market visualization from Coin360 BTC is currently trading at around $8,995, down just over 2 percent over a 24 hour period to press time. Ethereum (ETH) is slightly down as well, trading at around $664 by press time, down over 3 percent over a 24 hour period. Of the top ten…