At press time, the father of cryptocurrency is still trapped in the $3,600 range. Following a near two-week period of meandering about at $4,000, bitcoin is still struggling to regain traction in the crypto market.
Interestingly, the Federal Reserve Bank of St. Louis has released an argument that seemingly blames altcoins for bitcoin’s latest demise.
At press time, the father of crypto has broken its present resistance level and moved beyond the $4,000 mark (bitcoin is currently trading for roughly $4,043).
The currency has interestingly moved head in price, but it’s also bolstered forth in other ways as well. Many analysts claimed that bitcoin mining was wreaking havoc on our present environment.
The grinch is in town. What started off as a bullish Christmas eve has turned into quite a bearish Christmas day. What we just experienced is a textbook bull trap. Let’s talk about it.
They say a picture is worth a thousand words, that’s why one look at Bitgur’s cryptocurrency heat map is all you need to see exactly what’s going on:
Source: BitgurAs you can see, double digit losses across the board.
Despite the market downturn in digital asset values, cryptocurrency automated teller machines (ATMs) are still in vogue. According to a tweet from cryptocurrency analytics firm DataLight, the number of crypto ATMs doubled in 2018 from 2,025 ATMs in 2017 to 4,051 ATMs, signaling an increase in the adoption of cryptocurrencies in general, despite the slump in price.
The British government has recently released a policy paper clarifying the tax laws on crypto assets.
This fairly straightforward document was released on Her Majesty’s Revenue and Customs’ (HRMC) website, holding a sundry list of important crypto space terms, the relevant tax codes and points of intersection between the two.
The National Assembly in France has recently shot down proposals to ease up the pressure on tax regulations in the crypto space.
As reported by Bitcoin.fr, there recently existed a series of proposals to present a friendlier environment to cryptocurrency firms in France, none of which were able to pass the lower house of the nation’s legislature.
As the Christmas holidays are almost upon us, there will be notable increase in the number of financial scams and phishing attempts. The cryptocurrency industry will be no different in this regard, as there are quite a few new campaigns making the rounds right now. Always be careful when clicking unknown links and receiving messages from people one has never had a conversation with before.
The Christmas Holiday Crypto Scams
No one will be really surprised to learn there will be an increase in the number of cryptocurrency-related scams throughout December 2018.
Blockchain financial service company Unchained Capital will now offer multi-signature and multi-institution cold storage solutions for borrowers who leverage its crypto-collateralized loans service. According to a company statement, the cold storage solution will be multi-institution and collaborative with code-level controls for the safe storage of cryptocurrencies.
Earlier this year, Unchained closed a $2.
Cryptocurrency in Japan has proven to be a rather interesting topic. While the government officially legalized this form of money, the country’s exchanges are trying to introduce more regulation in their own way. A group of 16 registered companies will create a self-regulatory body to generate more trust in this industry moving forward.
Self-Regulation in the Cryptocurrency World
The cryptocurrency situation has unfolded in an interesting direction for Japan as of late.
It seems virtually every person and company aims to create their own cryptocurrency. While that is commendable, it also raises the question as to how viable all of these projects will be in the long run. The co-creator of Uber has officially announced the Eco cryptocurrency, although it remains to be seen who will use it.
What Purpose Does Eco Serve?
It is always interesting to see what newly-announced cryptocurrencies bring to the table.
Blockchain-oriented companies are always looking for ways to gain a competitive edge over others. In some cases, that means switching from one blockchain to another. For its part, Tutellus is switching over from Ethereum’s blockchain to NEM’s chain. It’s a remarkable decision, although it remains to be seen if this creates a precedent for other companies.
From Ethereum to NEM
Over the past few years, we have seen a ton of projects try and build on top of the Ethereum blockchain.
The demise of BitConnect has shown cryptocurrency investors how dangerous this world really is. In hindsight, there were quite a lot of warning signs along the way, though. In fact, most people saw this coming from miles away, yet thousands of people still lost money.
The BitConnect Writing was on the Wall
According to a recent interesting infographic associated with the demise of BitConnect, this project was destined to fail.
The past few days have been pretty interesting for most cryptocurrency markets. The usual suspects are trying to gain momentum, yet failing for the most part. The Monero price, on the other hand, has not been talked about much, yet its gains are more than respectable. Even these past 24 hours, the Monero price gained another 11.82% in value.
Monero Price is Pushing Hard
Similar to what we saw in other cryptocurrency markets, the start of 2018 was not kind to the Monero price whatsoever, In fact, the Monero price saw some of the biggest losses in the entire top 15, even though things are looking up once again.
Word of mouth sent cryptocurrency investment to an all-time high at the end of last year, and Coinbase capitalized on it big time. As one of the easier sites on which to start buying crypto, it should come as no surprise that Coinbase was the platform of choice for thousands of new investors. Coinbase experienced a surge of investors like never before last winter, taking in 43% of its annual revenue in December alone.
With all cryptocurrency markets in a very odd state once again, it will be interesting to see what the future holds. The Bitcoin price is moving up, yet half of the top 15 markets are losing value as of right now. The Litecoin price is one of the few rare exceptions in this regard. More specifically, we see the Litecoin price rise by 3.73% in the past 24 hours, pushing the value to just over $214.
Litecoin Price Tries to Note Positive Momentum
So far, it seems as if this weekend may turn out slightly catastrophic for most cryptocurrency markets once again.
Immediately after a tweet announcing the winners for its Valentine’s Day campaign, Waltonchain created a PR nightmare, publishing a response to the tweet written by an excited winner on their own account. Some responses made light of the posting error, with the first Twitter comment reading “forgot to change accounts? lol”. Others accused Waltonchain of rigging the contest and called out some of the other winners (@Waltonchainbot and @Waltonchainuk) as either bots or fake accounts.
Charlie Lee has always been one of the more intriguing cryptocurrency developers to follow on social media. His involvement with Litecoin has been well documented, and Lee has also been posting some interesting comments regarding other altcoins. Unsurprisingly, some of his recent comments have irritated a lot of Litecoin supporters, as they feel Lee is turning his back on the currency he created.
Charlie Lee Pays Respect to Nano
In the world of cryptocurrency, any semi-positive remark regarding any cryptocurrency project will automatically make you a shill in the eyes of others.
Even though the Waltonchain project is quite popular among cryptocurrency speculators, the company has suffered a major setback. A social media campaign competition was quite successful, but one of the “bounty winners” turned out to be a member of the team itself. This colossal screw-up forced the WTC team to apologize and remove that winner from the list.
WaltonChain Social Media Issues
With so many competing crypto and blockchain projects on the market today, it’s become increasingly difficult to keep one’s product on the radar in between major developments.
Every now and then, some weird things tend to happen in the world of cryptocurrency. Although most people have never heard of Nexus before, its price recent shot up by as much as 300$. Although the gain over the past 24 hours is “just” 63.36% right now, The Nexus price is still close to the $4 mark. It seems maintaining that price will be impossible, though.
Nexus Price Shoots Past the Stars
While it is not uncommon for lesser-known altcoins to surge and decrease in value in spectacular fashion, few people expected to see the Nexus price make such major moves today.
It remains pretty difficult to make sense of the cryptocurrency markets as of right now. While it seems Bitcoin is poised to note some more gains over the weekend, most other top currencies are struggling to reach any degree of momentum. The TRON price is one of the few exceptions in this regard, as it has noted a strong 15.64% gain in the past 24 hours.
TRON Price is on the Move Again
In this world of cryptocurrency we live in today, it is always interesting to see the TRON price go up once again.
Cryptocurrencies have proven to be an interesting way of transfering value. In a lot of cases, people seemingly take a liking to Bitcoin and a few altcoins. In the city of Berkeley, however, a brand-new cryptocurrency will be introduced and issued. This new currency will mainly be used to fund affordable housing in the area.
Berkeley’s ICO is an intriguing Creature
It is quite interesting to see how different people and regions respond to the “challenge” of cryptocurrencies.
Cryptocurrency wallets have always presented a mix of convenience and potential security issues. For the most part, the top cryptocurrency wallets do not suffer from any major vulnerabilities. In the case of Jaxx and Bitcoin.com’s Bitcoin Wallet, things are very different. Cheetah Mobile Blockchain Research Lab recently highlighted some major security flaws affecting both of these wallets.
Bitcoin.com’s Bitcoin Wallet Flaws
The research which Cheetah Mobile Blockchain Research Lab provided us paints a worrisome outlook for Bitcoin.
Israel is a pretty intriguing country when it comes to cryptocurrencies in general. So far, we have not seen any major regulatory actions in that part of the world. That makes it all the more surprising to see the Supreme Court of Israel intervene in a recent spat between one of the country’s banks and a cryptocurrency exchange. The outcome is surprisingly positive and will hopefully set a global precedent.
Israel’s Supreme Court Intervenes in Favor of Cryptocurrency
Bits of Gold, an Israeli cryptocurrency exchange, has seen great success over the years.
With all cryptocurrency markets attempting to transition from a bear market to full-throttle bullish momentum, interesting things will happen in the coming days and weeks. The way things look right now, the Bitcoin Cash price is bound to gain a fair bit of value throughout the day. Thanks to the current 5.4% gain, the Bitcoin Cash price has already surpassed $1,250 once again.
Another leg up for the Bitcoin Cash Price?
Given all of the volatility plaguing the cryptocurrency industry right now, any short-term gain needs to be put into its proper perspective.
Кто знает подойдет ли этот кошелек для постоянного приема в сатоши? Я просто майнить не решился, но написал несколько ботов для того, чтобы они собирали с кранов монеты. Я так понял, что это веб-кошел...