Friday, October 12, 2018
The aggregate market of cryptocurrencies suffered significant "bloody" losses in the first quarter, having lost 59% of market capitalization since early January.
On the night of Friday, March 30th, the price of the first cryptocurrency fell below $7,000, approaching the lows that were reached in early February this year. Now we are experiencing a rebound of around 8% and the Bitcoin price is again over $7,000.
The mobile payment operator Korea Pay has announced a partnership with the Bithumb exchange, which is the second largest trading volume in the country (after Upbit).
The Lithuanian gateway for cryptocurrency, Coingate signed an agreement with the e-commerce application Prestashop. The partnership will allow more than 80 thousand European shops to accept bitcoin and other crypto-currencies as a payment method.
1,000 Americans were interviewed within the framework of a research conducted by LendEDU. Most popular cryptocurrencies have become a frequent response among millennials.
Last week, the capitalization of the crypto market was steadily declining, reaching the lower level of $275 billion on March 18. However, soon the market began to show a fairly confident recovery. Currently, the market capitalization is slightly higher than $350 billion.
Head of Fundstrat Global Advisors, Tom Lee is convinced that the bearish trend in the market of altcoins is coming to an end, but the best investment, in his opinion, remains Bitcoin.
Crypto market was a massacre for the most of the investors and traders in the last few weeks and after the G20 some positive signals started to show up.
CEO of the Hong Kong blockchain company IOHK, Charles Hoskinson, who is a co-founder of Ethereum and the creator of Cardano, said that over the past two months he lost $2 billion due to the collapse of the cryptocurrency market.
The New York blockchain startup Chainalysis analyzed the reasons for the more than 70 percent drop in the price of bitcoin from $20,000 to $6,000 in the report "The Great Bitcoin Price Dip: Its Causes and a Way Forward".
Abra announced support for 20 cryptocurrencies and 50 fiat currencies in a new version of their mobile app that includes a real-time exchange service across all 70 currencies.
Google has decided to follow the example of Facebook and Instagram and, if not block, at least significantly tighten the rules for advertising various crypto-currencies and, in particular, the initial offers of coins (ICO).
On Tuesday, March 13, the number of active nodes on Lightning Network (LN) in the main bitcoin network exceeded the mark of 1000.
Thanks to a partnership with the largest South Korean exchange Bithumb, the online hotel booking service Yeogi Eottae will accept cryptocurrencies payments.
Over the past two weeks, bitcoin, and altcoins - the whole crypto market showed significant growth. The price of the first cryptocurrency increased from $9,300 to $11,500.
CEO of the Hong Kong blockchain company IOHK, Charles Hoskinson believes that the Cardano project he created has all chances to get around Bitcoin and Ethereum in competition - the two leading crypto-currencies in the world.
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