Latest Market News
U.S. cryptocurrency broker and exchange broker Coinbase has published a list of 31 digital assets they are exploring for a potential listing on their platform. While the list also includes smaller cryptocurrencies such as POE ($12M market cap) and DNT ($6.5M market cap), it also includes larger coins like XRP and EOS.
The U.S. Securities and Exchange Commission is a federal agency of the U.S. government and is the country’s chief regulator of securities and stock and options exchanges. With the emergence of the cryptocurrency and ICO space, the agency has had to find a balance between allowing for innovation and stopping fraudulent or otherwise unlawful activities.
The SEC has once again delayed its decision on whether to approve or reject the VanEck SolidX Bitcoin Trust. This development is not too unexpected, and the review period has been extended to February 27 next year. This is the deadline for the SEC to make its final decision on the proposal.
“When in doubt, zoom out” is becoming a bit of a tired phrase, but it does hold some merit if we consider that extreme price drops are not at all uncommon in the history of Bitcoin. To try and gain a better understanding of Bitcoin’s current woes, let’s take a look at the five largest Bitcoin price drops in history and consider some of the causes and narratives that surrounded them.
The Poloniex cryptocurrency exchange, which was acquired earlier this year by fintech company Circle, has announced the launch of institutional accounts. Institutional accounts differ from standard accounts because they allow higher withdrawal limits and are handled by a dedicated support staff.
From Betamax vs VHS, to Blueray vs HD DVD, recent history is full of format wars, and it seems like we could have another one brewing in the distributed ledger space.
Binance is building a decentralized cryptocurrency exchange for the Binance Chain platform, and the company has released a video giving us a sneak peek into what the exchange will offer, and also showcased a web wallet and a block explorer for Binance Chain.
The U.S. Department of Homeland Security, which was established in 2002 under the George W. Bush presidency, is considering backing the development of a product that would allow it to forensically analyze activity on blockchains of privacy-focused cryptocurrencies such as Monero and Zcash.
The market is currently attempting to stabilize after going through a significant loss of value as the prolonged bear run shows few signs of ending. However, development work continues to progress and the following week’s projects are set to benefit from a number of developments and launches that should result in an increased amount of attention, and strengthen their position during the current downturn.
In a recent interview on CNBC’s Squawk Box, Digital Currency Group CEO Larry Silbert talked about the recent accelerated downturn in the cryptocurrency market and pointed out the rise and fall of ICOs as one of the key factors in crypto’s latest major market cycle.
