The total capitalization of the cryptocurrency market over the past 30 days has decreased by approximately two times. Data: CoinMarketCap So, if on November 8 the total market value of cryptocurrencies was $ 215 billion, now this figure is at $ 109 billion. In relation to the historical maximum recorded on January 8 ($ 826 billion), the market volume shrank almost eight times. Recall, on January 7, the price of Bitcoin once again updated the minimum , and Ethereum's market value fell to the values of May last year . Subscribe to the BlockchainJournal channel on YouTube ! << aside…
Author: BlockchainJournal
The Bloomberg material on how the cryptocurrency market crash affected startups, notes that Sirin Labs intends to abandon the development of hardware solutions and focus on software for smartphones. “Sirin Labs, for example, raised $ 158 million last year to create a smartphone that allows you to use and trade in cryptocurrency. The company, which in December will deliver the first batch of several thousand phones, is currently considering the issue of completely abandoning hardware and reorienting software supplies for other smartphone makers , ”said Bloomberg, quoting the words of CEO and co-founder of start-up, Moshe Hogeg. The head of…
The hardware wallet team Ledger announced that on December 10, the Chrome application for Ethereum will be deactivated. On Monday, 10 December 2018, the Ledger Ethereum Wallet Chrome app will be deactivated. Users are using the Ledger Live app. Learn more here: https://t.co/lVmUTrKMT2 – Ledger (@LedgerHQ) 8 breasts 2018 р. According to representatives of the French company, when launching the application, users will be “kindly asked to use Ledger Live” to manage Ethereum assets. The company also stressed that since ETH and other cryptoactive assets are stored in blockchain networks, in order to switch from a Chrome application to Ledger…
Most banks traditionally bypass the cryptocurrency side, preferring the motto: "Blockchain – yes, cryptocurrency – no." “This is extremely difficult. The legalized marijuana industry is going through far less difficult times than our cryptocurrency clients , ” said Joe Chiccolo, president of the BitAML Compliance Service Provider. But while many giants "matured" only for the introduction of blockchain platforms, some players are no longer afraid to declare warm relations with crypto projects. Silvergate Bank On November 30, during the BlockFS conference in New York, Silvergate Bank CEO Alan Lane recalled the long way Silvergate was in the crypto space. Lane…
The technology company United American Corp (UnitedCorp) sued Bitmain, Kraken, Bitcoin.com, Roger Vera, and others involved in a “well-planned scheme to seize control of the Bitcoin Cash network.” This is reported on the website of the corporation. Representatives of UnitedCorp argue that the actions of the defendants caused the "global collapse of Bitcoin Cash capitalization." These actions, the company believes, were aimed at enriching the above market participants to the detriment of others. The company’s website also contains a diagram of the actions of the above market participants: The events described are related to the recent hardfork Bitcoin Cash ,…
Less than a week after adding the anonymity-oriented Zcash (ZEC) coin to its professional trading platform Coinbase Pro, the cryptocurrency exchange Coinbase announces the opening of cryptocurrency trading for its retail customers. Coinbase announced Wednesday that customers using coinbase.com or Android and iOS apps can buy, sell, send, receive or store Zcash. At the same time, access to the anonymous cryptocurrency Zcash is now closed for residents of the state of New York, USA and users from the United Kingdom. This announcement follows Coinbase Pro’s decision to add support for Zcash, announced on November 29th. It was then reported that…
Over the past 24 hours, the weighted average rate of the first cryptocurrency decreased by 11.36%, once again updating the minimum of 2018. As usual, along with Bitcoin, most of the other top 10 CoinMarketCap representatives fell in price: The exception was the resulting Bitforin Bitcoin SV. Currently, Bitcoin is trading at $ 3,400 (Bitstamp Exchange), which corresponds to the values of August-September 2017. Compared with the historical maximum at $ 19,781, Bitcoin fell in price by 84.28%. Now its market capitalization is at $ 59.5 billion. The total market capitalization currently stands at $ 108 billion . Earlier, CoinDesk…
In 2007, the head of Berkshire Hathaway and the legendary investor Warren Buffett put $ 1 million to the fact that the stock index S & P 500 surpasses the dynamics of a group of five hedge funds over 10 years. Now the venture capital firm Morgan Creek has decided to put the same amount on the fact that cryptocurrencies will surpass the S & P 500 over the same period. Attention crypto critics …. time to put skin in the game 🙂 The S & P 500 over the next 10 years. $ 1,000,000 on the line. Who will…
On Thursday, December 6, the number of short positions on Bitcoin on the popular Hong Kong exchange Bitfinex updated the six-week maximum, reaching 37,891 , reports CoinDesk . The last time the figure reached such high values on October 15 at around 36,996. Note that over the past three weeks the number of shorts has increased by 95%. At the same time, the number of short positions did not fall below 35 thousand, even when the price of Bitcoin tried to get out of the deep oversold zone, showing an increase from $ 3,500 to $ 4,400. At the moment,…
Today, Bitcoin is close to the lowest level of 2018. At the time of this writing, BTC has recovered slightly and is trading at a price of $ 3,821. Despite the growth correction, Bitcoin continues to move within the short-term bearish trend, which is well marked on intraday charts. The area above the current price is limited to technical resistance levels, including SMA 50 (1 hour), which stopped the most recent recovery attempt. The next obstacle is created at the level of 3,900 – 3,920 USD and SMA100 (1 hour), followed by an important psychological level of 4,000 USD.…