Bitcoin News Summary – November 19, 2018

Here’s what happened this week in Bitcoin in 99 seconds.    Markets moved sharply to the downside to a new low for 2018. The $212 billion market cap moved down to $183 billion with Bitcoin falling almost $1,000. Ethereum lost its second place position in market cap rankings to Ripple. The messaging app Kik announced it will migrate its ICO token, Kin, from Ethereum to the Stellar blockchain. Kin raised nearly $100 million in Ethereum tokens and it cites Ethereum scaling issues as the reason for the switch. Bitcoin…

Bitcoin News Summary – November 12, 2018

Here’s what happened this week in Bitcoin in 99 seconds.    A strong move in Bitcoin Cash price comes in the run-up to the Bitcoin Cash SV hard fork, scheduled this week. On this date, Bitcoin Cash will split into Bitcoin Cash ABC, backed by Jihan Wu, Amaury Sechet, and Roger Ver, and Bitcoin Cash SV, backed by Calvin Ayre and Craig Wright. If you hold BCH, ensure that you’re prepared. Pure Bit, a South Korean crypto exchange has completely shut down after raising $2.8 million in Ethereum from…

Bitcoin News Summary – November 5, 2018

Here’s what happened this week in Bitcoin in 99 seconds.  Former US congressman and famous Libertarian, Ron Paul, advocated for the abolition of all taxation on cryptocurrencies. Paul said such a move may prevent recession. He also supported President Trump’s recent criticism of the Federal Reserve. Venezuela’s state cryptocurrency, the Petro, was officially launched. However, reports indicate that only Petro certificates are currently being sold, not actual crypto coins. South Korea’s central district court ruled that banks may not terminate partnerships with crypto exchanges without good reason. The country’s…

Bitcoin News Summary – October 29, 2018

Here’s what happened this week in Bitcoin in 99 seconds.  Crypto markets remain steady this week. Markets were largely unchanged from last week, with Bitcoin holding the $6,400 level, Ethereum keeping its $200 level, XRP steady at 45 cents and BCH holding the $440 range. The total crypto market cap is now at around $209 billion, of which Bitcoin’s value comprises 53.6%. Japan’s Sony Corporation announced a new crypto hardware wallet. The wallet uses contactless technology, meaning that it doesn’t have to be plugged into a PC or mobile…

Bitcoin News Summary – October 22, 2018

Here’s what happened this week in Bitcoin in 99 seconds.  US investment giant Fidelity, which has over $7 trillion under management, announced its new crypto custody and order execution service, Fidelity Digital Asset Services. Fidelity aims to make Bitcoin trading accessible to major institutions, such as hedge funds. Major exchange Bitfinex re-opened fiat deposits for its 4 support currencies: Dollars, Pounds, Yen and Euros. Bitfinex claim their new system is more reliable. This funding mechanism was on hold for about 11 days. This raised concerns, especially regarding Tether, the…

The Inevitable Bull Run with Hints from Coil, Omni News

Ripple is on a partnership spree. Perhaps that’s why there are a lot of fundamental developments propping XRP as a viable investment. From Coil, Omni and news of The Bill and Melinda Gate Foundation probable use of the RippleNet as they deploy Mojaloop, the foundation is set for XRP. On a technical front, prices are stable and bullish from a top down approach. Therefore, despite the recent lower lows, bulls stand a chance and could edge higher in days to come. Latest Ripple News Ripple as a company has an…

Bitcoin News Summary – October 8, 2018

Here’s what happened this week in Bitcoin in 99 seconds.  China’s longest-running technology magazine, Beijing Sci-Tech Report, will accept Bitcoin payments for annual subscriptions. Starting in 2019, readers will can pay 0.01 BTC to receive the publication. Some crypto industry research by Diar pointed to a bullish future. According to their report, venture capital inflow into crypto companies has already increased by 280% over last year. Nearly $4 billion has been raised in the year to date, with over a quarter billion going to “stablecoin” projects. Major US exchange,…

Bitcoin News Summary – October 15, 2018

Here’s what happened this week in Bitcoin in 99 seconds.  Major exchange and Tether operator, Bitfinex, has imposed a temporary ban on all fiat deposits. Clients are no longer able to deposit Euros, Dollars, Yen or Pounds to the exchange. Withdrawals are reportedly working normally. Bitfinex has said that they expect the issue to be resolved in the coming week. Venezuelans will have to use the country’s new Petro cryptocurrency in order to purchase new passports. While the move is clearly aimed at anchoring the Petro in real-world usage,…

Tron React to Partnership News as Gemini Supports Litecoin

Overly, bears are in control. Despite the recoveries especially in Tron, Litecoin and EOS, sellers should be actively unloading at spot rate. Tron prices are buoyant because of Justin Sun shills but could crash if the said partnership doesn’t meet the community’s expectations. Furthermore, there are news of Gemini accepting Litecoin deposits beginning today. This is positive for price. Even if trading begins three days later, it could inject extra liquidity from investors keen on regulation and insurance. Let’s have a look at these charts: EOS Price Analysis Often, the…

Crypto Markets Stay Mostly Stagnant Despite This Week’s Major News for Industry

Saturday, Oct. 6: crypto markets keep remain fairly stable on the day, despite this week’s major news in the industry, including institutional investments and an update from the SEC on their highly-anticipated Bitcoin ETF decisions. CNBC’s CryptoTrader host Ran Neuner commented on Twitter today that all of this week’s “good news” – such as retail brokerage firm TD Ameritrade and Ivy League U.S. university Yale moving into crypto – are “related to investment & speculation.”  Neuner suggested that perhaps such news was not moving the market because the market is…