Vinny Lingham, a general partner at Multicoin Capital and the CEO of Civic, believes the crypto market won’t recover any time soon. He said: The crypto market will rise again, but most likely only when the pain of the recent fall becomes a distant memory. Don’t underestimate the power of psychology in free markets. Why
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With an unprecedented 17.68 percent drop on Thursday, Macy’s may possibly fuel a short-term decline of all retailers in the United States. Following the plunge in the stock price of Macy’s, other major retailers in the likes of Target have started to demonstrate a lack of momentum from the strong corrective rally the U.S. stock
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Earlier this week, Morgan Stanley strategist Mike Wilson said on CNBC Fast Money that the stock market is still vulnerable to a short-term drop. Although the stock market has shown extreme levels of bearish sentiment and an intense sell-off throughout December 2018 that may be a signal for the establishment of a bottom, Wilson said that
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The government of Pakistan is reportedly using a blockchain platform developed by Alibaba’s Alipay. But, cryptocurrencies like Bitcoin remain banned in the country for payments. The initiative of the Financial Action Task Force (FATF) of Pakistan to utilize a blockchain application to combat money laundering demonstrates the typical “blockchain not Bitcoin” narrative pushed by central
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On December 15, the Bitcoin price dropped to a new yearly low at $3,122, following a two-week sell-off from mid-November. The intense sell-off the cryptocurrency market occurred on January 10 has led the price of BTC to drop below the $3,600 mark, which may put an end to the corrective rally the market has been
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In the last 4 hours, $9 billion were wiped out of the crypto market as Ethereum and Bitcoin Cash recorded a 14 percent drop respectively against the U.S. dollar. The Bitcoin price dropped to $3,750, back to last week’s levels following a promising corrective rally on January 6 when BTC increased from $3,753 to $4,090.
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This week, a major crypto exchange ShapeShift was forced to lay off 30 percent of the company’s workforce, letting go 37 employees. In a letter to the company and to the users on the platform, ShapeShift founder and CEO Erik Voorhees said that the crypto winter had left the firm with no other viable choice
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According to several reports, the U.S. and China are making progress on establishing a trade deal between the two major economies and analysts suggest that a potential trade agreement could have an immense impact on the stock market. Following up on China’s suspension of tariffs on U.S. car exports, the U.S. government has increased the
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While the crypto market maintained stability in the $135 billion to $137 billion range, TRON and NEO recorded seven and ten percent gains respectively as the two best performing major digital assets on the day. Bitcoin has shown decent volume at around $5 billion throughout the past two weeks but has struggled to show signs
The post Crypto Market Stable at $137 Billion as TRON Surges 7%, Still Bear-Biased? appeared first on CCN
On January 9, CCN reported that 13 financial institutions have started to utilize the Ripple blockchain through RippleNet, bringing the total number of banks in the Ripple ecosystem to 200. Fintech applications and banks in the likes of Euro Exim Bank, SendFriend, and JNFX have integrated RippleNet for liquidity and instant settlement of payments that
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