Bitcoin Cash price is finding no edge to grab on while the price continues to decline as this is written. Despite its very promising start when it launched which showed a very solid value surging, the price now is acting totally in contrary as what holders were hoping. For quite some time BCH price against the US Dollar was hovering between the major levels of $400.00 and $600.00 before and after...
The major bitcoin German marketplace – Bitcoin.de, will be making it possible Ethereum to be traded on its services. Sep 27 – The development team behind Bitcoin.de through an email have revealed to the users and costumers that Ether trading will be made possible in the next weeks. Being interviewed by a local bitcoin-concentrated news outlet (BitcoinBlog.de) an employee of Bitcoin.de...
Edward Snowden – NSA whitleblower who weighed in on anonymity-centric virtual currencies, naming Zcash the “most interesting Bitcoin Alternative”. The former U.S. intelligence contractor that leaked out National Security Agency (NSA) data showcasing that the agency was taking notes (spying) on citizens that were not part of any investigations, is now serving as the president of...
The recent stage-entered crypto-coin NEO (formerly known as Antshares before rebranding) experienced major price upward climb on Monday Sep 25 after an interview of the director – Da Hongfei (NEO’s creator) was made public by Dutch news outlet Het Financieele Dagblad.
Initially comments on the China regulation event were given out by the founder as the official were consulted with him about the ICO ban suggestions.
That was followed on a statement that there is a possible collaborative future between NEO and the Chinese Gov:
“I do not expect the government to call me in the short term and say, ‘Let’s use Neo as the blockchain technology infrastructure in China.’ But in the medium term? Why not? I think it’s possible.”
The significant steam hoisted the price up to $27.00 in a couple of hours with 25% gain in only 24-hours. This could be NEO’s highest price for around 20 days now since it continual declining pattern started the moment the value reached its all time high – approx $51.00.
The market capitalization of the 10th on the list reached $1.3 billion with the recovery and the trading volume is on the rise for the moment being around $100 million.
The $20.70 resistance level was very important to be cleared as it opens doors for more gain and changes the descending flow created for more than a month now.
Even that the collaboration is sometime in the future and might not take materialization form for the holders but keeping the part of the network share and believing in the team behind it is a way to start.
One of the most promising coins on the market with its idea and enthusiasts supporting it. Let’s wait what future holds for NEO.
Jamie Dimon, the chief executive of JP Morgan Chase – has put on another strong support on his previous criticism towards bitcoin, saying that the crytocurrency leader is a “fraud” and he would choose firing anybody who would trade it.
During an even hosted by Barclays, based on the information from Bloomberg and CNBC J Dimon did announce out his feelings for Bitcoin. In November 2015, the long-time critic of the digital currency, stated that Bitcoin will not be able to survive when it was trading at around $400.
“I’m not saying ‘go short bitcoin and sell $100,000 of bitcoin before it goes down,” he said. “This is not advice of what to do. My daughter bought bitcoin, it went up and now she thinks she’s a genius.”
He hoisted up for remark those that have said the cryptocurrency in the market is at a bubble territory. Dimon was quoted saying:
“It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed.”
During the same appearance he did add up that Bitcoin will “be blowing up” and that he would find stupid anybody trading it and terminate them.
After the news spread, based on the data from Bloomberg, many have noticed a drop in bitcoin price. Tanking the price value is still the fear that China will move to close domestic virtual currency exchanges.
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The post Bitcoin is a Scheme and “Fraud”: Jamie Dimon BTC Criticism appeared first on Ethereum World News.
Litecoin, together with the complete market recovery, was taking good steps towards price gain, however in a matter of minutes the pair LTC/USD declined for 20 percentage points.
The major sell-off as its happening quite often, was lead by Bitcoin then Ethereum and so on. Litecoin did drop from $79 to $63, which mark has not been met since Sep 5 of another minor value crash. The market cap experienced proportionally the same descending for almost $1 bln: from $4.1 billion high to $3.3 bln low – According to Coinmarketcap.
A 13.73 percent loss in the last 24-hours, third highest decline after Bitcoin Cash and Ethereum Classic.
The price trade as paired with US Dollar right now is just hovering below the $70 level while it did break it once but the buyers could not withstand the quick-term selling pressure made on the particular resistance point.
There will be continually attempts to get the price over the $70 and keep it there with stable ground but mind the sellers that want to book some profit in case there could be a near term market drop like Today morning.
Overall, the price of Litecoin and each of every-coin develops depending on the popularity, demand and network upgrade but for now the market has a whole for two weeks now is shifting between ascending and descending – following the leaders Bitcoin first movement.
The post Litecoin Price 20% Drop in a Couple of Minutes – LTC Analysis Sep 9 appeared first on Ethereum World News.
Litecoin just drastically with no-stop increasing climbed past the $80 mark with a 15 percentage surge in the last 24-hours. All following the total cryptocurrency market declining which happened in a very short amount of time that took place after Litecoin was testing the resistances around and over the $90 level against the US Dollar.
The major correction and sell-off happened while China declared its position against Initial Coin Offerings (ICOs) while tanking in any possible way the price of Ethereum, Bitcoin Cash, Bitcoin and Litecoin, as the “Silver Coin” did fall low to the $59 mark which has not happened for more than a week.
The monthly increase of Litecoin against the USD is around 75 percent while weekly it is quite unchanged. Among the top-ten virtual currencies it has the 3rd highest upward climb in the last day just behind Bitcoin Cash for 18.41% so hitting the $637 mark and IOTA for 14.27%.
The price soar is not happening as an island just for Litecoin but more a surge in interest for all cryptocurrencies in a global scale and institutional so it is being dragged by the market as a whole.
While its known as “The Silver to Bitcoin’s Gold,” the team together with Charlie Lee – the creator of Litecoin, is aiming to widespread the idea of LTC being used as a payment method, in which function the leader and dominator of the pack – Bitcoin is quite lacking.
As Lee did put it:
“Litecoin will provide a niche where it will be more used for payment, whereas bitcoin will be more used for storing.”
For the quick term traders – a lot not to say everything depends from Bitcoins next movement, while for the longer understanding it all depends on what kind and how efficient the niche creation by Litecoin will be done on the next year and so on. However, its technology in contrary with its smaller market is looking quite advanced and optimistically forwarding.