Day: September 15, 2017

Even though every single cryptocurrency market is in the red right now,  some coins are suffering more than others. Litecoin is taking a lot of blows on the chin right now. With the Litecoin price dropping by a whopping 33% overnight, things aren’t looking good at all. Then again, most of Litecoin’s trading volume originates from China, where a storm beyond proportions is brewing as we speak.

Litecoin Price Is Fading Quickly

People will always argue altcoins are losing value due to the falling Bitcoin price. That is 100% correct, but in some cases, that isn’t the only main factor. Litecoin is, unfortunately, a perfect example of how the regulatory changes in China can cripple markets in a heartbeat. Just a week or two ago, the Litecoin price surpassed $85 for the first time in history. Many people expected the popular altcoin would finally reach that illustrious $100 mark.

That trend never materialized, nor will it happen anytime soon. In fact, it appears the Litecoin price is going back to the value it had before the uptrend which started earlier this year. It has been a very good run for Litecoin, but the value is now well below the prices of July. It won’t take much more to push the value down to the June level or even lower if this trend keeps up.

With a Litecoin price of $34.08, it is evident things aren’t going all too well for the silver to Bitcoin’s gold. In fact, things have turned so sour, Litecoin literally lost 33% in value over the course of 24 hours. While these losses reflect a net USD loss – mainly thanks to Bitcoin tanking almost as badly – there is also an 18.63% loss against Bitcoin it. People are seemingly converting everything they have to Bitcoin in an effort to exit the cryptocurrency markets as quickly as possible.

Considering how Litecoin sees most of its trading activity, this decline in price is not surprising by any means. Although no one expected the Litecoin price to drop by so much in just a day, it is evident there will be little to no buy pressure originating from China for the foreseeable future. With $890m in 24-hour trading volume, the vast majority are sell orders and people dumping for whatever price they can get their hands on.

Looking at the current markets by trading volume, Bithumb is leading the charge, although OKCoin is not too far behind. Huobi is also in the top three, followed by GDAX and Bitfinex. What is very interesting here is how OKCoin and Huobi value Litecoin at $29.6 and lower. The rest of the world is still trading at $36 to $39.  Once China is bringing down the price – which will happen eventually due to no exchanges or volume – it will be interesting to see how the markets respond.

For the time being, this negative pressure will continue for quite some time. Although we would all like to see things evolve in a different direction, cryptocurrency is all about taking the bad with the good. Sadly, the bad outweighs the good right now. This is only a trend, though, as it is impossible for the value to keep on going down forever. There is no reason for the Bitcoin and Litecoin price to remain low forever. We have seen how the value can be pushed to $5,000 per BTC without much help from China. Litecoin is a different matter, though, as it mainly “lives” in China in terms of trading.

Blockchain technology is indeed going to revolutionize the internet and world finance as it is. In the last few years, we have witnessed remarkable growth in the adoption of cryptoassets across the world. The industry cap of these assets has grown into hundreds of billions within a few months. Even with all the splendid figures … Continue reading CobinHood Set to Launch a Zero Fee Crypto Exchange

The post CobinHood Set to Launch a Zero Fee Crypto Exchange appeared first on NEWSBTC.

A document leaked on Chinese social media today appears to confirm rumours that all local bitcoin exchanges must close by the end of the month.

The world of auctions can be extremely tedious, no matter how they’re managed. With all of the complex moving analysis that must be accounted for, auction houses are forced to seek new ways to properly manage them. The sensitivity of timing bids for digital or physical bidders and the entry barrier for participants wishing to … Continue reading DomRaider Rethinks the Auction Platform with Blockchain Technology

The post DomRaider Rethinks the Auction Platform with Blockchain Technology appeared first on NEWSBTC.

With the U.S. political field looking ripe for tax reform, the cryptocurrency community could soon get much-needed clarification on IRS guidance.

How do you listen to your audio? Headphones have been around for ages, and although you’ve probably been through a few different styles, little has changed in the actual parts that count, the drivers.

Disclosure: This is a Sponsored Review

The best standard drivers are tuned to sound great and have diaphragms engineered to widen frequency range. With all this tech you still can’t beat the physical limitations of a single driver. When a single driver is pressed to produce a full range, it will distort much easier than if it was only covering a smaller range. The wider the range, the greater the distortion.

Dual Sounds Better. Quality home theater and car audio split the frequency into a Subwoofer, midrange, and tweeter. The same logic is packed into dual driver earbuds.

When dual drivers blend, you have a full-spectrum of sound that a single driver could never replicate. Less distortion, more volume. What you listen to will sound more natural and almost realistic.

Blitzwolf packed dual driver tech into their latest pair of headphones, the BS2. These headphones deliver a mouth-watering sound experience unrivaled to the capabilities of a single driver. Released in mid-2017, they have been rated as excellent value for money and produce sound that rivals much more expensive professional audio equipment.

Unboxing the BS2 is where it all begins, the full package includes a gift box and zipper carry bag.

Both straight mate black and a vibrant accented red versions of the BS2 have a semi transparent case so you can see the drivers in action. From the box to your ears, the BS2 is a quality experience.

BlitzWolf also has an outstanding reputation for speakers, fast chargers, cables, and other phone accessories. Their previous headphones are made with the latest tech including graphene drivers.

Dual drivers are not a new concept, but in the past, they were relegated to the top end. Sound engineers and musicians have been enjoying the wider sound range that dual drivers bring for years. BlitzWolf‘s dual drivers offer excellent sound, and from the gift box to the sound output, the BS2 is an extraordinary set of headphones. Your ears and eyes will be impressed.

Equifax’s “sloppy” security practices are going public.

So, it’s Friday morning and it’s time to put together our first bitcoin price analysis of the day. We are doing so under pretty extreme circumstances. Action overnight brought price to trade just above the $3000 level and it is in and around this level that we find ourselves right now and from which we … Continue reading Bitcoin Price Watch; Stay Strong!

The post Bitcoin Price Watch; Stay Strong! appeared first on NEWSBTC.

Many people are going to be enthusiastic about the environmental award for Microgaming. They’re aware of the fact that this is the sort of thing that is going to tend to bring in a lot of positive publicity to the company. People need to be able to trust a company. A lot of people trust … Continue reading A New Environmental award for Microgaming

The post A New Environmental award for Microgaming appeared first on NEWSBTC.

Some celebrities do not shy away from promoting cryptocurrency ICOs these days. That is a rather risky business model, considering this entire industry faces additional scrutiny on a global basis. Floyd Mayweather is by far one of the biggest ICO endorsers these days. After two successful ventures in this regard, he is now advertising the … Continue reading Floyd Mayweather Promotes yet Another ICO Amid Global Crackdown

The post Floyd Mayweather Promotes yet Another ICO Amid Global Crackdown appeared first on NEWSBTC.