This Week in Cryptocurrency: November 23, 2018

2018-11-24 23:04

And We’re Free, Free Fallin’

Not a good week for the cryptocurrency market, not a good week at all. The total market cap fell from just under $185B down to about $140B. The almost 25 percent fall brings us down to the lowest value we’ve seen in 2018. But, in the spirit of Thanksgiving, let’s take a moment to reflect on the things we should still be thankful for. Even in this economic downturn, Bitcoin continues to make technological strides, Ethereum is one of the fastest growing Github projects, and traditional industries continue to implement new blockchain tech.

Cryptocurrency Market Stats (11/23/18)

Let’s take a look at our top cryptos (Warning – it’s not pretty): 

Bitcoin dove 22.45%, significantly below the $100B market cap floor that previously gave it support.

XRP  maintained its second place positions but still fell 12.49% over the week.

Ethereum continues to get hammered, losing 30.89% of its value since last Friday.

Domestic News

Christie’s Records Millions of Art Sales on Blockchain: Going once. Going twice. Sold! Christie’s in New York recently held an event in which the auction house sold nearly $318 million worth of artwork. One piece of art, Edward Hopper’s Chop Suey, was purchased for over $90 million on its own.

Christie’s worked with technology partner Artory to record the provenance of each work. Artory utilizes a private implementation of the Ethereum blockchain to track information and ownership throughout a piece’s lifecycle. It looks as if Artory’s will continue to partner with the auction house on more events in the future as well.

People Saying Things

Paul Polls: Libertarian bad boy Ron Paul took to the Twittersphere this week to ask his followers on what they believe to be the best store of wealth over the next ten years. The winner: the one and only Bitcoin. Take that, Federal Reserve Notes!

A wealthy person gifts you $10,000. You get to choose in which form you’ll accept the gift. But there’s a catch: You must keep the gift in the form that you choose for 10 years without touching it. In which form would you accept the gift?

— Ron Paul (@RonPaul) November 15, 2018

Snowden Speaks: This week, Ben Wizner, Edward Snowden’s lawyer, published a discussion he recently had with his controversial client about blockchain. Summarizing, they took the time to define blockchain, explain how it works, and talk through the pros and cons of the technology.

What’s New at CoinCentral?

How to Get a Loan in BTC: Sometimes you just want to take out a loan without having to deal with that pesky fiat stuff.

Binance CEO CZ Predicts a Crypto Market Bull Run: It’s almost like asking a barber if you need to get your haircut…

Iran Close to Shifting Rial to Digital Currency Due to Sanctions: First Venezuela, now possibly Iran. Crypto is becoming the new way to dodge foreign sanctions.

The Best Wallet for Ripple in 2018: If you’re holding a substantial amount of XRP, you want to make sure you’re storing in the best wallet possible. Here are a few.

Bitcoin Mining Firm Is Using Green Energy to Realize Impressive Profits: As the market tumbles, more and more mining farms may start looking towards green energy.

What Are X11 Coins? Specialized Mining and the Blockchain Battlefield: Find out why some communities prefer X11 over SHA256 and other popular hashing functions.

Putting Initiative Q on Trial | The Next Big Thing or Complete Scam?: You’ve seen the endless amount of Facebook spam. But, do the claims hold any water?

SegWit Coins Are Gearing up for a Privacy Overhaul: More privacy may be coming to Bitcoin’s (and other SegWit coins’) public ledger soon.

What We Learned from the CTR Coin Scam: Those who don’t learn from history are doomed to repeat it.

How to Buy Cryptocurrency with PayPal: A Step-By-Step Guide: Although not impossible, there are better ways to obtain your crypto.

3Commas Review: An In-Depth Look at the Trading Bot Service: Find out if this trading bot service has got the goods to get you into the three comma club.

Cryptocurrency News from Around the World

Switzerland Announces World’s First Crypto ETP: Those Swiss bankers are at it again. The SIX Swiss exchange will soon list the world’s first cryptocurrency Exchange Traded Product (ETP), called Anum. Simply put, the Anum ETP is like an index fund for the cryptocurrency market. It tracks the top coins by market cap and allocates assets according to market share. So, currently, the ETP would have the highest stake in Bitcoin, followed by XRP, then Ethereum, etc.

Similar to an ETF, this ETP exposes you to the value increases (or decreases) of certain cryptocurrency without having to purchase the underlying asset. Because Switzerland is one of the more progressive nations regarding cryptocurrency, it wouldn’t be surprising to see companies in other countries launching their own ETPs soon.

The post This Week in Cryptocurrency: November 23, 2018 appeared first on CoinCentral.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Global Cryptocurrency (GCC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0002921 (-100%)

cryptocurrency week dips 2018 november covers all

cryptocurrency week → Результатов: 126


Cryptocurrency blood bath – look back at the past week performances

Bitcoin – Significant drop in the price further develops The 36th week was for the Bitcoin a blood bath in which the world’s most popular cryptocurrency lost a little bit over 10% of its value. Bitcoin opened on Monday (3rd of September) at $7,279 and is now traded at around $6,3500 as at the time […] The post Cryptocurrency blood bath – look back at the past week performances appeared first on ZyCrypto.

2018-9-11 10:58


Cryptocurrency blood both – look back at the past week performances

Bitcoin – Significant drop in the price further develops The 36th week was for the Bitcoin a blood bath in which the world’s most popular cryptocurrency lost a little bit over 10% of its value. Bitcoin opened on Monday (3rd of September) at $7,279 and is now traded at around $6,3500 as at the time […] The post Cryptocurrency blood both – look back at the past week performances appeared first on ZyCrypto.

2018-9-10 10:58


Фото:

Vitalik Buterin Proclaims an End to Explosive Growth as ETH Values Plummet: How Will Ethereum Recover?

Ethereum prices have plummeted over the last week, experiencing a drop in value of over 30% amidst a bloodbath that has shaved $50 billion off the cumulative cryptocurrency market cap. With ETH prices hovering around the $200 mark, Ethereum co-founder Vitalik Buterin announced the end of the age explosive growth within the cryptocurrency industry.

2018-9-10 03:40


Фото:

Crypto Flirts With Stock Market: Robinhood Prepares to Go Public, Coinbase CEO Hints Toward Possible IPO

The cryptocurrency market is currently in the midst of a major sell-off, with Bitcoin, Ethereum, and virtually all altcoins plummeting in value. The loss of over $40 billion from the cumulative cryptocurrency market cap over the last week hasn’t deterred some of the largest companies in the blockchain industry from looking toward the future, however, […] The post Crypto Flirts With Stock Market: Robinhood Prepares to Go Public, Coinbase CEO Hints Toward Possible IPO appeared first on CryptoSlate.

2018-9-9 15:18


Фото:

Binance CEO: We Have ‘No Plans for IPO’

Cryptocurrency exchange Binance CEO Zhao Changpeng dismissed rumors he planned to perform an initial public offering (IPO) September 7, following fintech startup Robinhood. Finance Skills ‘Very Much Needed’ After a report by Sludgefeed which suggested Binance’s recent hiring of Wall Street executive Wei Zhou as its CFO this week meant it was seeking to IPO, Changpeng denied this was the company’s goal.

2018-9-7 15:00


Фото:

CNBC ‘Reverse Bitcoin Price Indicator’ Hits Bullseye Again

Less than a week after CNBC forecast an $8000 Bitcoin price, the largest cryptocurrency tumbled close to $6000, leading to ridicule from commentators. ‘$8K Could Be Next’ In another instance of the network proving itself as a so-called ‘reverse price indicator,’ its predictions for BTC/USD completely contrasted with short-term reality, the pair going on to lose almost 13 percent in less than 24 hours.

2018-9-6 15:00


Фото:

Bitcoin (BTC) Falls To $6900 In Market Drop, Analysts Call For Lower Prices

Bitcoin Tumbles By 5% To $6,900 Following a week of positive price action, the cryptocurrency market has finally seen a pullback, with a majority of crypto assets falling by 5% or more. As reported by Ethereum World News just hours ago, on Wednesday morning, trader awoke to a worrisome sight, with Bitcoin (BTC) falling to just […] The post Bitcoin (BTC) Falls To $6900 In Market Drop, Analysts Call For Lower Prices appeared first on Ethereum World News.

2018-9-6 01:41


Фото:

Africa and its Antiquated Banking: Bitcoin The Solution?

Africa has steadily accelerated the switch to modern technologies. But can a continent facing a crisis with antiquated banking technologies, low rate of financial inclusion, poor confidence in the banking system, and high remittance costs become the new battleground for blockchain and cryptocurrency? Also read: Square’s Big Week: Crypto Patent, Shares Leap, and Lightning Plug […] The post Africa and its Antiquated Banking: Bitcoin The Solution? appeared first on Bitcoin News.

2018-9-6 05:55