Bitcoinist has once again caught up with Mati Greenspan, Senior Market Analyst at eToro, the most popular social trading platform in the world with millions of users. Greenspan keeps a close eye on cryptocurrency markets and shares his thoughts on the recent Bitcoin price plunge and why he believes this current downtrend nothing out of the ordinary. The price could easily reach $2,000 or $20,000 in the next two months. Neither would surprise me very much.
Popular cryptocurrency exchange platform Binance has announced the addition of Siacoin (SC) to its catalog of supported altcoins. The platform announced the token listing via a post on its website on June 14, 2018. This latest addition brings the total number of supported digital currencies on the platform to 354. Siacoin Trading Pairs on the Binance Platform According to the announcement, Binance will open trading for three SC trading pairs – SC/BNB, SC/BTC, and SC/ETH. The
Binance, the cryptocurrency exchange platform behemoth, will support the ICON ICX mainnet token swap. The platform announced the move in a blog post on its website on June 13, 2018. The announcement likely brings to an end the confusion over the status of ICX mainnet and ERC-20 ICX tokens. Details of the Token Swap According to the Binance statement, the platform will suspend all ICX deposits and withdrawals beginning June 20, 2018. ICX holders have
Following the hack of a largely unheard-of cryptocurrency exchange in South Korea and a probe by US government investigators into Bitcoin price manipulation, the cryptocurrency market has once again broken to the downside — and things aren’t looking pretty. Brutality At the time of this writing, the total market capitalization for cryptocurrencies is sitting at roughly $283 billion USD — a number many would’ve found unbelievable following January’s high of over $830 billion. With bears
Binance, the cryptocurrency exchange behemoth has invested in Malta-based chiliZ, a blockchain esports company. ChiliZ revealed the news via a blog post on May 5. This move represents Binance’s first significant investment in Malta since announcing its intention to transfer its operations to the Mediterranean Island country. Binance Teams up with chiliZ According to the blog post, both Binance and chiliZ recognize the immense opportunities in the $110 billion video game industry. The cryptocurrency exchange
TRON (TRX), the tenth largest cryptocurrency by market capitalization, will begin trading on Indonesia’s largest cryptocurrency exchange on June 4. The project’s founder, Justin Sun, has also made the claim that TRON is able to produce Transactions Per Second (TPS) speeds of 2000 TPS. Entering Indonesia Tron (TRX), a “global broadcast platform” which claims to be one of the largest blockchain-based operating systems in the world, will be listed on Indonesia’s largest cryptocurrency exchange, Indodax. The TRX/rupiah trading
Brian Kelly, the CEO of cryptocurrency trading firm BKCM, believes that investors are missing the bigger picture when it comes to Ripple. Speaking with CNBC, Kelly outlined the potential utility for both the Ripple Ledger and XRP. Ripple’s Utility in the Payments Arena The global payments industry is incredibly massive. Advances in cross-border payments and international banking systems have increased the total addressable market — with BKCM’s Brian Kelly claiming that the size of the
In a call for independence, TRON (TRX) launched its long-awaited mainnet. Odyssey 2.0, as the project is called, was announced on May 31st at 12 a.m. UTC. Despite what is supposed to be a game-changing event in the project’s path, altering its existence for good, the price of its native cryptocurrency marked a decline. Justin Sun, the founder of TRON, announced the launch of the project’s mainnet in what seemed like a very celebratory
Verge (XVG), a privacy-focused cryptocurrency, is the news once again as unconfirmed reports suggest that it has fallen victim to another 51 percent attack. If proven to be true, it will be the third such attack on the crypto’s blockchain since April. The previous two attacks resulted in the theft of $1 million and $1.8 million respectively. Details of the Suspected Hack On May 27, a Bitcointalk forum poster with the moniker “CHIEF56” called attention
John McAfee believes the march of the cryptocurrency bulls is at hand. The renowned tech activist and internet security expert has added his voice to the growing crypto institutional investment narrative. Prices Will Go Through the Roof In a tweet on Monday, McAfee urged traders to gear up for the next crypto price rally. He based his assertions on the influx of cash from institutional investors trooping into the market. He also said that with
The price of BNB has rapidly increased following the announcement from Binance that the popular exchange will be doubling its referral commission rewards under certain conditions. Tell Your Friends The Malta-based exchange has announced that it will be doubling its referral commission rewards to 40 percent for qualified accounts. Accounts eligible to receive the increased commission rewards are those which hold 500 Binance Coins — approximately $7355 at the time of this writing. Writes the Binance Team
The fourth annual Consensus conference, Bitcoin’s biggest event of the year, begins today, May 14, 2018. Will bitcoin price surge once again during the event as it has in previous three years? RELATIONSHIP BETWEEN BITCOIN PRICE AND CONSENSUS A look at the previous three Consensus Conferences shows significant crypto price movements during and immediately after. This trend has been maintained in all three conferences so far. Thus, it stands to reason that the pattern could continue
Crypto prices have dipped within the last 24 hours as the market reacts to a series of events over the previous few days. A look at CMC’s rankings shows only a couple of coins posting positive 24-hour price changes. However, in the midst of the general cratering, Bitcoin appears to be the least affected of the lot. South Korea: The Epicenter of Events UPbit, the largest cryptocurrency exchange platform in South Korea, is currently under
Following an announcement that Binance had opened up three trading pairs with Bytecoin (BCN) on their exchange, prices for the coin there quickly shot up over eight times their value. Prices on Poloniex and HitBTC, however, remained stagnant. As I was waiting for my Uber ride home from work this evening, a coworker spotted me as he was leaving and asked me if I’d heard the latest news: “Hey, you hear about that Bytecoin thing
To title this week dramatic in the cryptocurrency space would be an understatement. BTC has seen a price surge with renewed interest from big names like Goldman Sachs while altcoins have major events on the horizon. This is a very exciting period for altcoins like BTC, ZCL, ENJ, and DGB. What a Week It Has Been, What a Week It Will Be The cryptocurrency markets have finally broken out of a multi-month bear slump in brute
Coinmarketcap (CMC) has released its first-ever mobile app. The cryptocurrency price and market capitalization website announced the release of the app on April 30. The launch of the app is part of CMC’s five-year anniversary celebration. The Coinmarketcap App for iPhones The new CMC mobile app is compatible with the iOS smartphone platform. It enables users to view crypto price, market cap and 24-hour price changes on the go. App users can select from a
Ripple has published its performance report for the first quarter of 2018 on the company website. The San Francisco startup reported an increase in sales of XRP tokens. XRP Sales Performance Report for Q1 2018 Ripple sold $167.7 million USD worth of its XRP tokens in the first quarter of 2018. This represents an increase of 83 percent from the sales figures of the previous quarter. The Q1 2018 XRP sales outstrip the Q1 2017
Arbitrage exists as a result of market inefficiencies and would therefore not exist if all markets were perfectly efficient. How does one capitalize on this market phenomenon? A trader who, in 1970, pioneered a computerized trading system once said: The elements of good trading are: (1) cutting losses, (2) cutting losses, and (3) cutting losses. If you can follow these three rules, you may have a chance. This is, of course, Ed Seykota, a former commodities trader.
The Central Bank of Venezuela will receive $1 billion from the proceeds of the Petro sale. Petro Sale Exceeds $3 Billion President Nicolas Maduro made the announcement in a statement to reporters on April 26, 2018. The money is being earmarked for foreign exchange auctions as the country tries to recover from a crippling economic crisis. According to the Venezuelan President, early sales of the Petro cryptocurrency exceeded the $3 billion mark. Thus, he has
Binance has launched a new feature that allows users to convert crypto dust into BNB tokens. Changpeng Zhao (CZ), the Binance CEO made this known via a tweet on April 23, 2018. What is Crypto Dust? Crypto dust refers to a fractional cryptocurrency value. It is usually impossible to trade crypto dust due to the fact that they are less than the transaction fees. Being lower than the minimum trading limit, it usually sits idle
The market has finally turned bullish and there seem to be many diamonds in the rough left for finding. There are many major conferences coming up which is a very positive sign heading into summer. This week has a few specific cryptocurrencies which can yield significant returns in the near future. These cryptocurrencies include ZCL, ARY, and HIRE. State of the Market The price of BTC is still down over 50 percent since the highs
Smart contracts platform Cardano rose 10% April 15 after China-based cryptocurrency exchange Huobi announced it would add its ADA token. Huobi Excites ADA Markets An update specified deposits would become available April 16 on the Huobi Pro international trading platform, with trading itself commencing a day later. Cardano, which founder Charles Hoskinson confirmed had debuted on the exchange, sparked fresh enthusiasm among traders this month after developer IOHK committed to a host of major upgrades.
Each week cryptocurrency traders and investors eagerly analyze the calendar to see which events in the upcoming few days will provide the biggest shifts in momentum for specific altcoins. This week has four altcoins with major events: IOST, XES, KMD, and PRL. State of the Market What goes up must come down, and what goes down will eventually go back up. Markets have trends and these trends are amplified by volatility. For those invested in