Latest Market News
In a recent appearance on CNBC’s Fast Money show, Fundstrat analyst Tom Lee shared his thoughts on Bitcoin’s sharp decline from around $8,150 on July 30 to around $6,900 yesterday (August 6). Today, the price has seen a bounce and BTC is back above $7,000.
This week, Bitcoin makes an appearance in our coins to watch list due to ICE, the operators of the New York Stock Exchange, recently announcing they are developing a platform for cryptocurrencies and, more specifically, BTC. In the next 7 days, it’s also worth keeping an eye on the token issued by Binance, the world’s most popular cryptocurrency exchange. If you’re looking for a coin with a lower market cap, you can check out SONM (SNM), a token that’s powering an Ethereum-based platform which allows users to outsource computing power.
Ethereum is a decentralized platform that runs smart contracts written in the Solidity programming language and allows decentralized application (dApps) that runs on the network to be protected against downtime, censorship, fraud or third-party interference. Every time a new application is added to the network, a new token can be created if no appropriate token exists.
ICE, the operator of the New York Stock Exchange, has announced it is planning to launch a cryptocurrency platform called Bakkt in partnership with companies such as Microsoft, Starbucks and Boston Consulting Group.
Germany's second largest stock exchange, Boerse Stuttgart, is increasing its involvement in the cryptocurrency space, as the exchange says it is building a platform for holding initial coin offerings (ICOs). For the tokens issued through the platform, the exchange will also provide trading services, creating a secondary market.
The current bear market has placed a lot of selling pressure on a significant number of coins, and the recent Bitcoin rally inspired by ETF speculation saw most altcoins lose out comparatively to Bitcoin.
A recent vaccine scandal in China that was slowly building over the last nine months and just reached its boiling point past week offers valuable real-time insight into the battle between state-sponsored censorship and the public - by attaching text to a transaction on the Ethereum network, a Chinese citizen was able to side-step heavy censorship from the Chinese government.
Anthony »Pomp« Pompliano, founder and partner at Morgan Creek Digital Assets, is not backing down from his $50,000 Bitcoin price prediction for 2018.
This week’s selection of coins to watch feature a scalable cloud platform, an enterprise-focused decentralized application, and a decentralized information marketplace.
Cryptocurrency has caught the attention of investors, consumers, and governments alike. Businesses and investors have not shied away from recognising the potential of crypto and the technology is becoming more and more accepted. Governments across the globe, however, have taken drastically different approaches towards the emerging sector.
