Day: September 12, 2017

Is North Korea targeting the South’s cryptocurrency exchanges?

The popularity of cryptocurrencies in Japan continues to grow, with e-commerce and digital services firm DMM moving into the bitcoin mining industry.

Why the mainstream media picks up on ‘anonymous sources’ reporting on “China Bitcoin exchanges ban”

The Chinese ban on ICOs is both understandable and reasonable, argues CoinDesk’s Noelle Acheson. What’s more, it’s probably temporary.

Cryptocurrency mining has become a lot more popular in recent months. While some people still try to mine Bitcoin, a lot of consumers flock to alternative currencies. All it takes is a few graphics cards to start mining profitable currencies these days. It appears Vietnam is a hotbed for cryptocurrency mining right now. Without proper … Continue reading Bitcoin and Altcoin mining is Taking off in Vietnam all of a Sudden

The post Bitcoin and Altcoin mining is Taking off in Vietnam all of a Sudden appeared first on NEWSBTC.

Hedge Token is launching its ICO on September 15th, 2017 at 12:00 PM (GMT+2), creating the first professionally created, rulebook-based Crypto Top 30 Index and Crypto Traded Indices™.

You will be able to buy the Crypto market, with Just One-Click. It’s as easy as email and as secure as Fort Knox.

THE NEXT S&P INDEX OF CRYPTO

The Hedge Token team hope to revolutionize the way investors, evangelists and speculators view and interact with crypto markets. By creating Indices (like the S&P 500), Crypto Traded Indices™ (like Exchange Traded Funds) and a suite of crypto-derivative hedging instruments; Hedge Token is bringing ‘Crypto Street’ to ‘Main Street’, where your average investor has the tools of a Wall Street professional.

Whether you are an active or passive investor, a speculator or long-term investor or simply want-in on the Initial Coin Offering (ICO) and Crypto Mania, Hedge Token is creating crypto-financial instruments, all accessible on one platform. Hedge, go-long or short, you have the power at your fingertips.

Hedge Token not only allows low-cost risk and portfolio diversification but the convenience of accessibility, on one portal.

WE ARE LAUNCHING ROCKETS

Coinciding with our ICO we will be bringing to market, professionally created rulebook-based Indices:

Bitcoin price index – BTCCX
Bitcoin price index is the first commercial implementation of a single reference price of several BTC marketplaces that meet our eligibility criteria and enhance your liquidity and trading capacity.

The Crypto Top 30– CCX30
Cryptocurrency Top 30 Index measures the performance of wider crypto market by consistently tracking the prices of 30 largest cryptocurrencies by market capitalization. The calculation precludes the recent initial coin offerings and represents over 90% of total market capitalization.

TO THE MOON? NAH, THAT’S TOO CLOSE – AIM FOR MARS

Our ambitious roadmap and highly experienced and skilled international team reinforce our commitment to developing additional products to meet the demand and need of the crypto community. We will develop Crypto Asset Index, Crypto Income Index and Sector Specific Crypto Traded Indices™ from Gaming and Media to Anonymity and more. You will no longer need to spend hours reading, searching and constructing a ‘homemade’, costly portfolio, you simply buy the sector, with one click, on one secure platform – it’s that easy.

LET’S GET TECHNICAL

Sign-up for our newsletter or ICO notification reminder and read our Whitepaper so you are ready for September 15th, 2017 at 12:00 PM (GMT+2). We will be raising $15 million, with 30 million tokens to be distributed. Early supporters receive additional bonus tokens. The crowdsale fundraiser will be in ETH only – with 1 HDG = 0.002 ETH.

Just like our platform – it just takes one click.

• Official Website
• Register for Token Sale / Sign Up for Newsletter
• About Us
• Download Whitepaper

This is a sponsored press release and does not necessarily reflect the opinions or views held by any employees of The Merkle. This is not investment, trading, or gambling advice. Always conduct your own independent research.

The past few days have been somewhat troubling for the Ethereum ecosystem. After all, the recent cryptocurrency news coming out of China has spooked all markets and sent prices tumbling. The Ethereum price also saw its fair share of setbacks, dropping from $326 to $268 in the span of a few days. Right now, the Ethereum price is back above $300, which seemingly confirms the market has sufficiently recovered to start moving up once again.

Ethereum Price Rises Above $300 Again

In a way, a lot of cryptocurrency users expected the Ethereum price would suffer even more substantial losses due to the China news. With the banning of cryptocurrency ICO  activity in China, it would have certainly been possible to see the Ethereum price drop to $150 or less. However, ICOs are not the only use case for the Ethereum ecosystem, although some people may disagree on that front.

No one can deny the news has sent some shockwaves throughout the Ethereum market, though. Then again, the same applies to virtually any other cryptocurrency market in existence today. If the Bitcoin price drops significantly, all other altcoins will follow this trend, for some unknown reason. In the case of the Ethereum price, that drop came in the form of a decline to $268 over the past few days. A very long way away from the $400 all-time high and a sharp decline compared to $326 just a few hours prior.

However, it seems as if the Ethereum price has started to rebound once again. With a current value of $302.49, there is no reason to be concerned whatsoever. Ethereum is effectively gaining value in both the USD and BTC market, which shows this trend is not just related to the Bitcoin price recovering. Then again, if the Bitcoin price were to collapse once again, it is certainly possible the Ethereum price will do the exact same. For now, things are looking pretty solid for Ethereum, though, which is a good sign.

This recent Ethereum price recovery is aided by around $600m in 24-hour trading volume. It is not a record in terms of volume by any means, but it goes to show one doesn’t need $1bn in volume to make things evolve in any direction. Litecoin saw a similar price surge yesterday with even less trading volume. A lot of people are keeping their money in Bitcoin for the time being, which means altcoins may see smaller gains moving forward. Then again,  the Ethereum price is up by 4.29% over the past 24 hours, which is a more than respectable trend.

Speaking of the trading volume for Ethereum, Bithumb remains the number one market for the time being. South Korean traders have taken a liking to cryptocurrency in recent months and it appears their demand is nearly insatiable these days. OKCoin and Bitfinex close out the top 3, which is good to see. It is remarkable there is only one ETH/BTC trading pair in the entire top 10 right now. That is highly irregular as far as Ethereum is concerned, but it shows people aren’t willing to part with their bitcoins right now.

With the Ethereum price surpassing $300 again, it is certainly possible we will see a new all-time high at some point. That is, assuming this uptrend is not just a temporary reprieve from the overall bearish attitude plaguing cryptocurrency markets these days. If the trading volume remains stable and dominated by fiat currency pairs, things can get very interesting for Ethereum in the coming days. An interesting market to keep an eye on, that much is certain.

Former CitiGroup trader and current crypto bull Arthur Hayes breaks down his investment thesis for blockchain assets.

Rootstock has unofficially confirmed it will launch in December this year once SegWit2x has played out.