This past weekend was particularly volatile for the crypto markets, which surged on Saturday before fully retracing on Sunday. The resulting losses have carried over into Monday, with most major altcoins trading flat or down slightly today.Most altcoins are closely tracking Bitcoin’s price action, and one prominent analyst thinks that most major cryptocurrencies are looking slightly bullish on lower time frames.Crypto Markets Could Be Bullish in the Short-TermAt the time of writing, Bitcoin is trading down marginally at its current price of $3,580, which is just slightly above its weekly lows of $3,570.On Saturday, the crypto markets surged as Bitcoin jumped to $3,750. Unfortunately, this surge was short-lived and fully retraced on Sunday when the markets sharply dropped to lows of $3,550.
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.The market data is provided by the HitBTC exchange.Marcus Hughes, the United Kingdom lead counsel for major United States crypto exchange and wallet provider Coinbase, expects huge developments for Bitcoin (BTC) in the next two years.Hughes is confident about the European Union coming up with a more defined regulatory framework for crypto in 2019. After the regulations are in place, Hughes anticipates large investment banks to finally enter the scene.U.K.-based investor and entrepreneur Alistair Milne is confident that Bitcoin will break out of its life...
Recent layoffs at blockchain software technology company ConsenSys did not exceed 10 percent of staff. The company’s Executive Director of Enterprise and Social Impact Vanessa Grellet spoke to Cointelegraph about the recent developments at the Crypto Finance Conference in Switzerland on Jan. 18.Grellet said that the staff cuts were a “natural movement” and mainly affected support staff, while developers and technical employees were largely unaffected. She said:“I’ve been at the company for two years and a half. When I joined it, we were 60, and we grew to a company that has 1,200 employees all over the world. The way we hired people was related to where the opportunities were, projects etc., and we grew a little bit fast.”Grellet also said that dismissals can be treated as part of the “nat
Dutch-based digital currency trading platform and bot Cryptohopper has enabled cryptocurrency traders to buy and sell high-performing trading strategies through its marketplace.The strategies can be bought and sold by people at all skill levels. People buying them can implement them across exchanges they trade on. According to a press release CoinReport received from Moli, Cryptohopper’s communications agency, less-experienced traders on the marketplace can purchase strategies that come with more than 130 Indicators and Candlestick Patterns developed by professionals on the platform. Once bought, users’ hoppers, or bots, will execute the strategy 24/7. Cryptohopper co-founder and CEO Ruud Feltkamp said in the news release we received, “Originally a cryptocurrency trading bot for profession
The price of bitcoin remains firm, gaining two percent week-on-week, amid a mix of positive and negative news. The announcement by Bakkt that it has made its first acquisition shows that the institutional crypto trading venture is on track to become a serious player in the institutional digital asset trading market and has the potential to attract a wave of institutional money to bitcoin. Moreover, Binance has announced its expansion into the UK with its Jersey-based exchange and leading bitcoin payments company BitPay announced that it processed over $1 billion worth of digital currency payments in 2018. Perhaps the biggest news of the week has been the hack of New Zealand-based exchange Cryptopia, which reportedly amounts to over $3.5 million of lost funds. Interestingly, some of the ...
Switzerland-based Falcon Private Bank has introduced support for direct transfers and storage of select cryptocurrencies, according to an official press release published on Jan. 21.The bank announced that both private and institutional investors can now directly transfer a selection of major cryptocurrencies to and from the institution's own “segregated Falcon wallets,” as well as convert crypto into fiat money.To start, Falcon reportedly only supports four major cryptocurrencies, Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC), the press release notes.With the recent move, Falcon claims its has made blockchain assets “fully bankable,” with the select cryptos being included in the bank’s portfolio statements, as well as in tax reporting documents.In the press release
Despite a significant uptick in the creation of decentralized crypto exchanges (DEX) in 2018, their centralized counterparts continue to control the lion’s share of global industry trade volumes. The finding was reported in the 2018 Cryptocurrency Exchange Annual Report from crypto and blockchain research organization TokenInsight, shared with Cointelegraph Jan. 21.TokenInsight’s report, which has reportedly analyzed data from over 400 global crypto exchanges, indicates that DEX account for just 19 percent of the global exchange ecosystem. Further, the trading volumes on DEX amount to less than 1 percent of those on centralized exchanges.Global crypto exchange ecosystem analysis from TokenInsightThe low figures come despite TokenInsight’s analysis that DEX platforms gained significant indu
Monday, Jan. 21: cryptocurrencies are seeing price weakness across the board, with virtually all of the top 100 coins by market cap tipping into the red.Top ten coins have lost between 3 and 7 percent on the day, as data from Coin360 shows.Market visualization by Coin360Bitcoin (BTC) is down about 4 percent on the day to press time, slipping from a 24-hour high of ~$3,755 to its current price point around $3,570.Despite a jagged week of fleeting gains, the top coin has now come virtually full circle on its 7-day chart, and is trading just 0.5 percent down on the week. Monthly losses are nonetheless at a heftier 11 percent, according to CoinMarketCap.Bitcoin 7-day price chart. Source: CoinMarketCapRipple (XRP), currently the largest altcoin by market cap, is down fractionally less, shedding...
Total crypto market cap lost $3 billion of its value since January 19, 2019, and fell to $119. Bitcoin declined to $3,590 while Ethereum dropped down to $116. The much-anticipated Ethereum hard fork has been postponed until late February of this year. This was confirmed by Ethereum developer lead Péter Szilágyi on his official Twitter account. The Constantinople fork is now set to be implemented at block 7,280,000 and will be a “single fork on mainnet and a post-Constantinople-fixup fork on the testnets to get them back in line feature wise with the main network.” The upgrade was initially scheduled for January 16, 2019, but was canceled the night before after receiving reports for vulnerabilities that might leave it open to a possible “reentrancy attack.” Huobi, The seventh largest crypt
Michael J. Casey is the chairman of CoinDesk’s advisory board and a senior advisor for blockchain research at MIT’s Digital Currency Initiative. The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. ___________ With last week’s Constantinople delay offering a reminder that ethereum faces challenges in its long roadmap to migrate from a proof-of-work (POW) consensus algorithm to proof-of-stake (POS), it’s easy to miss the fact that elsewhere in crypto-land, POS is already a thing. A little-discussed ramification is that POS will drive new business and financial models for cryptocurrencies, which will, in turn, give rise to a new regulatory and security challenges. Viewed through the prism of tradition