Latest Market News
This week’s selection of coins to watch features a cryptocurrency developed by a Japanese financial technology firm, an enterprise blockchain platform with a number of interesting events planned for this week, and a blockchain-as-a-service platform with ties to Disney.
When discussing the reasons for any market movements, there is always considerable amount of guesswork present, since it is basically impossible to be completely certain of the exact reasons why any given market acts the way it does. Even though it is hard to assess the underlying forces that are responsible for the bearish trend we are currently experiencing in the crypto market, we can still try to identify the factors that are most likely to have had an impact on the market.
Cryptocurrency exchange operators Huobi Group have acquired 66.26% of Pantronics Holdings, a company that is listed on the Hong Kong Stock Exchange. The deal was done through two Huobi Universal and Huobi Capital, two subsidiaries of Huobi Group. In total, about $70 million worth of shares changed hands.
The Bittrex cryptocurrency exchange is continuing its gradual rollout of fiat currency trading. The two newest assets that will be tradeable against USD on Bittrex are Cardano (ADA) and Zcash (ZEC). The trading pairs will become available on September 5.
This week’s coins to watch are three tokens designed to power their respective blockchain platforms – a high-performance blockchain on the verge of launching its mainnet, a blockchain platform focused on the creative industry, and a controversial yet popular blockchain project that’s in the process of releasing virtual machine functionality on its mainnet.
The world of cryptocurrency can be perplexing for newcomers, as they are constantly bombarded with unfamiliar terms and concepts. On the internet, there are countless resources that can help people get a better foothold in the cryptocurrency and blockchain space – in this article, we will be covering podcast medium, which is growing in popularity due to its low barrier of entry and a high level of flexibility for the audience.
The largest liquidation in history went down last month, with over $460 million worth of Bitcoin futures being margin called. The only problem problem was, a massive $416 million was left unfilled by the market.
In an appearance on CNBC’s Fast Money show, analyst Brian Kelly said he expects September 30 to bring another postponement for the VanEck SolidX Bitcoin ETF, and said February 2019 is the earliest time for a Bitcoin ETF to have a realistic shot at receiving the green light from U.S. regulators.
Despite the cryptocurrency market going through a long-term bear run, the ICO sector continues to move ahead and July saw just under 100 projects conduct Initial Coin Offerings. The total amount collected by ICOs is down compared to June; however, a significant amount of ICO activity still took place as close to $1B in funding was raised.
The rapidly destabilizing economic situation in Venezuela has resulted in an increased demand for cryptocurrency, as Venezuelans are desperate to obtain any means of exchange that is remotely stable.
