Big data, personal finance, and tech enthusiast. Experience working at midsize NYC startups. History of working in financial technology, digital media, and journalism.
Big data, personal finance, and tech enthusiast. Experience working at midsize NYC startups. History of working in financial technology, digital media, and journalism.
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A Look At The Current Cryptocurrency Market Setback
That's the million dollar question now, as the uncertainty underpinning cryptocurrency all along has played such an integral role in how its markets behave. South Korea, which ranks third for global Bitcoin trading, said the country is currently in discussion about future regulation, yet no date has been announced for its next comment. Read more here: www.cnbc.com/.../...pto-exchanges-after-talks.html
China's stance has been clear on cryptocurrency for some time now, but the potential for further crackdown is now what's in question. Again, it's unclear exactly when upcoming developments might occur, but 2018 will be a very defining moment for the cryptocurrency industry, especially with regards to how it's treated in the far east. Here's more on the recent China news: www.cnbc.com/.../...-cryptocurrency-crackdown.html
Stay tuned for more!
A Look At The Current Cryptocurrency Market Setback
Great questions!
1) Around a month ago in mid-December, Bitcoin's trading value peaked at around $19,800-$20,000 depending on the exchange. It's tough to say definitively how it will fare in the future, as it's part of such a young market where we're awaiting upgrades to the network, potential regulation, new channels of adoption, and more. Until these developments take shape, it is extremely difficult to predict the future trajectory of Bitcoin. Stay tuned to see where it goes next!
2) If the metric you're going by is market capitalization, then Ethereum (ETH) is currently #2 in valuation. However, both Ripple (XRP) and Bitcoin Cash (BCH) have held the runner-up spot as well in the past few months.
The 4 Steps You Should Take Before Investing In A Lower-Tier Cryptocurrency
Ayelet, here's a link to read more about the story: techcrunch.com/.../litecoin-charlie-lee-conflict-of-interest/
The 4 Steps You Should Take Before Investing In A Lower-Tier Cryptocurrency
That's a great question. After reading up on the situation, I personally don't find it to be so worrisome. I believe him (Charlie Lee) when he says the motive behind this decision is due to "conflict of interest" issues that resulted from him holding Litecoin tokens.
The 4 Steps You Should Take Before Investing In A Lower-Tier Cryptocurrency
Glad you found it helpful!
What Bitcoin’s Recent Wild Stretch Means For Other Cryptocurrencies
Hi Susan - This was referring to the SegWit2x upgrade that was suspended, which I describe in more detail a couple paragraphs later in the article. Thanks for reading!