Day: September 29, 2017

The acting U.S. Comptroller of Currency made remarks at an event yesterday that supported new cryptocurrency licensing and regulation.

Craig Wright has said a New York Federal Reserve official is “correct” in rubbishing Bitcoin hodling.

South Korea’s financial regulator has prohibited blockchain token sales today, as well as ordering a halt to cryptocurrency margin trading.

CoinTelegraph

Russia May Ban Bitcoin Payments Entirely: Deputy Finance Minister CoinTelegraph Russia seems to be constantly shifting its stance on Bitcoin and other cryptocurrencies. Just a month ago, Buterin was smiling and signing agreements with the Russian state banks for Ethereum partnerships. Now suddenly, it appears that Russia may ban ... and more »

Just a month ago, Buterin was signing Ethereum agreements with the Russian state banks. Is the honeymoon over?

Initial coin offerings are a big topic of conversation all over the world. Financial institutions and governments have not taken kindly to this concept whatsoever. In South Korea, the current regime revolves around banning ICOs altogether. This decision is not entirely surprising, as the country follows China’s lead in this regard. Companies are no longer … Continue reading South Korea Bans all Initial Coin Offering Activity

The post South Korea Bans all Initial Coin Offering Activity appeared first on NEWSBTC.

The Superintendency of Banks and Financial Institutions of Chile, one of its two banking regulators, is partnering with R3 as a regulatory member.

99.999% of ICOs right now are shit, says Andreas Antonopoulos

We’ve come to the Friday session out of Europe and what a great week we have had in our bitcoin price trading efforts. Things were a bit subdued towards the end of the week (from a price perspective, there was plenty of volume) and it looked as though we might be in for a sustained … Continue reading Bitcoin Price Watch; Here’s What’s On Heading Into The Weekend

The post Bitcoin Price Watch; Here’s What’s On Heading Into The Weekend appeared first on NEWSBTC.

Japanese telecom giant KDDI has become the latest major corporation to join the ranks of the Enterprise Ethereum Alliance.

A lot of things are happening in the world of cryptocurrency on any given day. In most cases, this means the price of Bitcoin and altcoins will certainly be affected for better or worse. Right now the Bitcoin price is going through another small dip thanks to news coming out of Russia and South Korea. However, it is expected this dip won’t last too long. The Bitcoin price will recover to $4,250 sooner rather than later.

Bitcoin Price Dips but Will Recover Soon

Bitcoin price fluctuations can be found every single day. While every financial market or currency is pretty volatile in its own way, Bitcoin has proven to be a slightly different creature in this regard. The market’s volatility has been documented pretty often, and it is a favorite tool for financial experts to discredit cryptocurrency as a whole. Then again, there will always be ups and downs in any market, and Bitcoin will not be different.

Just yesterday, the Bitcoin price surpassed $4,250 once again. Unfortunately, this trend meets some resistance as we speak, although this is not entirely unexpected whatsoever. Any financial gains in the financial sector will always be met with some form of resistance along the way. Do keep in mind the Bitcoin price is still hovering around $4,125 right now, which is well above the $4,000 price mark.

The current Bitcoin drop only represents a 2.83% decline in value. Compared to the past few weeks, such a small retrace is nothing to be concerned about whatsoever. Most of this negative market pressure stems forth from the decisions made by South Korean regulators regarding ICOs and regulating cryptocurrency trading. Additionally, Russia may ban Bitcoin payments, although that is anything but confirmed at this point. Market manipulation comes in many different shapes and sizes, that much is pretty evident.

One thing keeping the Bitcoin price up right now is its trading volume. While slightly down from yesterday’s $1.9bn, the current $1.64bn in volume is still more than respectable. It is good to see demand for Bitcoin not slowing down by a significant margin. Even though China is cracking down on exchanges, trading till occurs in the country through peer-to-peer and even decentralized marketplaces right now. Rest assured no one will be able to prevent people from trading cryptocurrency.

Speaking of the Bitcoin trading volume, Bitfinex is still the top dog in this regard. Bithumb is making some inroads as well, as they have a decent lead over bitFlyer right now. Once again, we see three fiat currency trading pairs dominating the market, which is a positive sign. Altcoins markets are showing an increase in trading volume as well, although it is unclear if people are buying or selling Bitcoin in exchange for alternative cryptocurrencies.

All things considered, this brief Bitcoin price dip is nothing to be concerned about whatsoever. It is a bit troublesome to see the price dip, but this is merely due to external forces attempting to manipulate the Bitcoin market as a whole. China has done so successfully and now South Korea and Russia are trying to do the same. As we see more of these attempts, the dips will become far less volatile over time. For now, things are looking good for the Bitcoin price.

Bitcoin price, Ethereum volatility over Korea was significantly less than from similar China ICO moves.

A former Russian central banker has spun a blockchain startup out of a traditional payments firm, focusing on helping merchants mint cryptocurrency.