Coins, Markets, News

Cryptocurrency Market Snapshot

  • Bitcoin is up 7.01% at $8,969.740 with a volume of Ƀ126.5k – $1122.6M on the USD pairs.
  • Ether is up 2.44% against Bitcoin at Ƀ0.06389 per Ether and up 9.83% against the dollar to $572.43 with average volume Ƀ31.9k on the ETH/BTC pair.
  • Bitcoin Cash is up 0.7% to Ƀ0.1156 with volumes of Ƀ14.2k and up 8.06% against the dollar at $1039.49.
  • Ripple is down 3.49% to Ƀ0.00007677 with volumes of Ƀ9.2k and up 3.5% against the dollar at $0.6886.
  • Zcash is up 6.69% for the day to Ƀ0.03028 per ZEC and up 14.34% against the dollar to $273.72 with an average volume of Ƀ2.2k for the 24 hour period.
  • Litecoin is up 9.12% against the dollar for the day at $171.59 and up 1.7% to Ƀ0.0191 on volumes of Ƀ13.6k.
  • Dash is up 1.09% at Ƀ0.04823 with Ƀ5.4k volume and up 9.13% against the dollar at $437.29.
  • Iota is down 0.13% to Ƀ0.0001557 on Ƀ3.0k volume.
  • Ether Classic is up 6.56% to Ƀ0.002307 with volumes of Ƀ7.5k and up 14.33% against the dollar at $20.74.
  • Monero is up 11.4% against the dollar at $232.1 and up 3.76% against Bitcoin at Ƀ0.02569 on volumes of Ƀ4.0k.
  • Neo is up 2.88% for the day to Ƀ0.008327 per NEO and up 10.77% against the dollar to $74.77 with an average volume of Ƀ5.3k for the 24 hour period.
  • Waves is down 0.28% to Ƀ0.000566 on Ƀ2.2k volume.
  • Stratis is up 6.75% to Ƀ0.000588 on Ƀ791.647 volume.
  • Cardano is up 9.15% to Ƀ0.00002314 on Ƀ5.0k volume.

Source: Cryptocompare.

Coins, Markets, News, Scams, Trends

NEWS: Twitter follows Google and Facebook, the Future of Cryptos in Buenos Aires and more

Twitter followed Google and Facebook and is about to ban cryptocurrency-related ads. As with Facebook and Google, the policy-in-development will affect ICOs, wallets and so-called investment advice.

Without a doubt, the situation was getting out of hand. “Easy money” (there is no such thing as easy money) attracted a lot of dishonest operators to the market. Some ICOs exist only in form of a website, “investments” are usually ponzi-schemes. Unfortunately, the markets can irrationally react to headlines, but the storm will eventually settle.

To all those promising a “financial revolution” through an issue of another ERC20 token: hey, if you can revolutionise the whole financial system, you surely have enough brainpower to revolutionise product placement strategies?

From our subjective point of view, the best investment opportunities are rarely advertised aggressively.

Rather than focusing on Twitter and Facebook imposing restrictions upon advertisements of fake wallets, one should take note on Financial Stability Board officially issuing a statement that no new regulations will be imposed upon the cryptocurrency market.

“Cryptocurrencies do not pose risks for global financial stability.” – Mark Carney, Governor of the Bank of England.

One would expect the price of Bitcoin to be affected by a greater degree following the positive macro news, however it seems that the market is amidst a storm of uncertainty. Maintaining clarity of thought during times like these is pivotal.

bitcoin price reacts to g20

Coincheck, the Japanese exchange which suffered heavily due to the NEM hack drops DASH, Monero and ZCash.

Reminder: About 523 million NEM coins were stolen from the exchange. Access to the private keys for the NEM wallet resulted in a theft of over $500 million out of the exchange.

We can see a clear segregation between a coin’s anonymity and willingness to integrate with the establishment. MasterCard’s officials are cautiously saying that they are willing to work with cryptocurrencies as long as they are not anonymous. Although Coincheck is not a market leader by far and is dropping the said currencies as a precautionary measure and, is a great divide to be expected in the future?

Sources:

https://www.coindesk.com/twitter-will-ban-cryptocurrency-ads-in-two-weeks-says-report/

https://www.ft.com/content/9afa9f4c-2772-11e8-b27e-cc62a39d57a0

https://www.ccn.com/bitcoin-spikes-7-to-8460-overnight-as-cryptocurrency-market-rebounds/

https://www.usethebitcoin.com/mark-carney-g-20-watchdog-focuses-on-cryptocurrency-rules-review/

https://cryptona.co/coincheck-drop-monero-dash-zcash/

https://globalcoinreport.com/litecoin-makes-appreciable-gains-as-the-litecoin-core-upgrade-gets-announced/