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Korea Joongang Daily reports that a group of fraudsters that operated a cryptocurrency ponzi scheme in South Korea were arrested last week. According to the report, the scammers stole $18.7 million from 56,000 victims.
Bitcoin hit $5,300 today with choppy price action. A drop may be witnessed while BTC is trading at the overbought area. Ethereum has managed to climb to the $185 area while struggling to pace along with the BTC move. The reverse is the case for the XRP, as the bears continue to be gaining control of the market with the price still relatively low. XRP has increased by 14.7% in the last months, while BTC and ETH more than doubled this performance with around 35% gains apiece.
As the first quarter of the year ends and Q2 gets underway, this week’s selection of coins to watch is set to benefit from significant launches and developments that should strengthen their market positions.
Not long after, new coins began popping up, following in Bitcoin’s footsteps. These would become known as altcoins, and soon they numbered in the hundreds. Inspired by Bitcoin, not all of them were its simple copies. A lot of them were designed with a different approach and philosophy, some even radically so. One of the bunch is Ripple (XRP).
2019 has been a positive year so far for most cryptocurrencies, and Litecoin is no exception. The coin’s value has skyrocketed by 185% since January 1, and this bullish reversal is significant on the daily MACD.
In our previous Bitcoin analysis, we had highlighted that the market had broken above the 100-day moving average and a long term descending trend line. It has appeared that this proved to be a strong catalyst as the market then continued to surge above the $5,000 level over the following days.
For the past two weeks, Bitcoin Cash had been trading within the range of a tight wedge with choppy price action before seeing a significant price surge yesterday.
After the Great Crypto Bull Run of 2017 and the following market crash in 2018, cryptocurrencies have been hardly mentioned in mainstream media outlets in the past few months. To a casual observer, it may seem that the bubble has burst and brought the crypto industry down along with it. However, the reality is much more boring.
We had the opportunity to ask a few questions to Shaun Djie, who is a co-founder and COO of Digix. Here's what he had to say about where Digix is right now and what we can expect from the project in the future.
For the past two days of trading, Monero has been following a bullish move after testing the yellow trend line and leading to a more significant trend. Earlier today, XMR closed on a long wick following the rise-up at the $69 area.
