Cryptocurrency

Litecoin (CURRENCY:LTC) traded up 0.6% against the dollar during the one day period ending at 20:00 PM E.T. on January 26th. During the last week, Litecoin has traded 0.9% higher against the dollar. One Litecoin coin can now be purchased for $33.14 or 0.00921130 BTC on exchanges including Bittylicious, Coindeal, TDAX and Koinex. Litecoin has a market cap of $2.00 billion and $694.09 million worth of Litecoin was traded on exchanges in the last day. Here’s how similar cryptocurrencies have performed during the last day: Dogecoin (DOGE) traded down 1% against the dollar and now trades at $0.0021 or 0.00000058 BTC. Verge (XVG) traded 1% lower against the dollar and now trades at $0.0066 or 0.00000184 BTC. Bytom (BTM) traded 0.3% higher against the dollar and now trades at $0.0800 or 0.00002223 BTC. Polymath (POLY) traded 0.9% lower against the dollar and now trades at $0.12 or 0.00003301 BTC. Linkey (LKY) traded up 1.4% against the dollar and now trades at $0.76 or 0.00021168 BTC. ...

Ethereum Classic (CURRENCY:ETC) traded 1.4% lower against the US dollar during the one day period ending at 2:00 AM ET on January 12th. One Ethereum Classic coin can now be bought for $4.30 or 0.00119637 BTC on exchanges including Upbit, OKCoin International, CoinExchange and Cryptomate. During the last week, Ethereum Classic has traded 2.9% lower against the US dollar. Ethereum Classic has a total market cap of $463.94 million and $110.94 million worth of Ethereum Classic was traded on exchanges in the last 24 hours. Here is how other cryptocurrencies have performed during the last 24 hours: Ethereum (ETH) traded 1% lower against the dollar and now trades at $116.02 or 0.03225776 BTC. Callisto Network (CLO) traded down 0.1% against the dollar and now trades at $0.0034 or 0.00000096 BTC. Musicoin (MUSIC) traded 4.2% higher against the dollar and now trades at $0.0010 or 0.00000027 BTC. Bitcoiin (B2G) traded down 0.9% against the dollar and now trades at $0.0182 or 0.00000508 BTC....

Cryptocurrency exchanges have closed 2018 with “record transacting volumes,” according to a report by research firm Diar published Jan. 14. In its report, Diar notes that both the number of trades and the trade volume have increased on major crypto exchanges in 2018, compared to 2017 figures. The firm predicts that 2019 will see lower figures for spot markets than in 2017, despite the likely increase in the variety of traded cryptocurrencies. According to Diar’s data, the combined trade volume of the USD markets on major United States crypto exchange Coinbase increased by 21% in 2018 versus 2017. Over the same period, exchanges Kraken and Bitfinex saw increases of 192% and 50% respectively. In addition to growing trade volumes, Coinbase reportedly registered a 14.1% increase in the number of trades: from 82.7 million deals in 2017 to 94.4 million in 2018. Diar has also analysed the results of Bitcoin ( BTC ) mining activity throughout the year. According to the research, BTC ...

Supply and demand are the main influencers of the value of assets in both cryptocurrency and forex trading. But, how do these two different types of investment compare? The Advantages and Disadvantages of Crypto and Forex Trading If you want to gain profits for investing in either crypto or forex , you must have knowledge of how their respective markets operate. Cryptocurrencies and forex are both a digital store of value and can be easily traded, according to Alex Mashinsky, the CEO of Celsius Network. Their high volatility means that profits and losses can be realized within short periods. Mashinsky believes that the dominance exerted on crypto and forex trading by large financial players is beneficial to investors. The financial firepower of such institutions can’t be matched by most individuals, a factor that reduces the risk of manipulation . Alex adds that the BTC market is dependent on retail transactions whereas the forex market relies on institutional investors. This is...

Ethereum Classic (CURRENCY:ETC) traded 3.4% higher against the dollar during the 24-hour period ending at 8:00 AM ET on January 12th. One Ethereum Classic coin can currently be purchased for about $4.64 or 0.00126657 BTC on exchanges including Bitsane, Stocks.Exchange, Coinnest and Kucoin. Ethereum Classic has a market cap of $498.50 million and approximately $128.28 million worth of Ethereum Classic was traded on exchanges in the last day. In the last week, Ethereum Classic has traded 10.9% lower against the dollar. Here is how similar cryptocurrencies have performed in the last day: Ethereum (ETH) traded 1.1% higher against the dollar and now trades at $127.33 or 0.03476759 BTC. Callisto Network (CLO) traded down 1.4% against the dollar and now trades at $0.0038 or 0.00000103 BTC. Musicoin (MUSIC) traded 2% higher against the dollar and now trades at $0.0010 or 0.00000027 BTC. Akroma (AKA) traded 1.5% higher against the dollar and now trades at $0.0115 or 0.00000314 BTC. Bowhe...

Finance Many would argue that comparing cryptocurrency trading with forex is like comparing apples and oranges, but that’s not entirely accurate. On closer inspection, there is a number of similarities between the two. For example, the  underlying market dynamics of supply and demand will usually govern the prices of the respective assets. Here traders share their thoughts on the mechanics of each. Also read: Faced With Cash And Forex Shortages, Zimbabweans Turn To Bitcoin – Even When It’s Banned Crypto vs Forex It takes a certain type of savvy trader to navigate unpredictable market conditions and emerge in profit.  Let’s start with the pros and cons to be found from trading both crypto and forex. Alex Mashinsky, CEO of Celsius Network , notes that crypto and forex both represent a digital store of value and can be purchased and sold with ease. They both have high volatility which creates an opportunity for quick profits going long or short.  “The pro of tradi...

Litecoin (CURRENCY:LTC) traded up 4.9% against the U.S. dollar during the 24-hour period ending at 16:00 PM ET on January 2nd. Litecoin has a market capitalization of $1.99 billion and $409.21 million worth of Litecoin was traded on exchanges in the last day. One Litecoin coin can currently be purchased for $33.22 or 0.00848326 BTC on popular cryptocurrency exchanges including Bits Blockchain, CoinTiger, Bitbns and Koineks. In the last seven days, Litecoin has traded up 8.9% against the U.S. dollar. Here’s how other cryptocurrencies have performed in the last day: Dogecoin (DOGE) traded up 2.1% against the dollar and now trades at $0.0024 or 0.00000062 BTC. Verge (XVG) traded 3.8% higher against the dollar and now trades at $0.0072 or 0.00000184 BTC. Bytom (BTM) traded up 4.9% against the dollar and now trades at $0.0824 or 0.00002104 BTC. Polymath (POLY) traded up 2.4% against the dollar and now trades at $0.15 or 0.00003721 BTC. Linkey (LKY) traded up 4.4% against the dollar a...

Bitcoin attempted a bullish reversal on Friday, marking more than $300 worth of gains in just two hours. That hasn’t exactly changed any longer-term sentiments for the market, especially when it has dropped by more than 80% in 2018. But the intraday volatility has served plenty of opportunities to traders who wish to get in and out of the bitcoin market on decent profits. The bitcoin price is now sitting at close to $3,891, down 3.35% from its Friday’s high, reflecting a consolidation pattern following a highly volatile period. Francis Pouliot , CEO of Canadian Bitcoin startup Bylis, said that this price point is underrated. In a tweet storm, he said: “Looking back at Bitcoin Markets I learned years ago the futility of trading on $BTC market. My strategy: stable $BTC income, business profits in $BTC, not owning fiat. My thesis: $BTC markets have a pattern of discovering the increase in $BTC held by hodlers last resort.” Notably, in 2014, the supporters of Bitcoin claimed victory o...

Francis Pouliot, the CEO and Co-founder of a Canadian firm called Bull Bitcoin, recently posted a series of tweets that discussed the incidents projecting a bullish signal for the cryptocurrency from its early days till the present. Here, the BTC enthusiast made several references to the past and recited the journey of the coin through events such as the slaying of ‘BearWhale’ in 2014 and much more. The original tweet by Pouliot read: “1/ Looking back at Bitcoin Markets I learned years ago the futility of trading on $BTC market. My strategy: stable $BTC income, business profits in $BTC, not owning fiat. My thesis: $BTC markets have a pattern of discovering the increase in $BTC held by hodlers last resort.” In 2014, the supporters of Bitcoin claimed victory over a market manipulator known as BearWhale. In the month of October of the same year, a sell order of 30,000 BTC was placed when the token was valued at $300. This spooked the market in heavy dosage, resulting in the price p...

Litecoin (CURRENCY:LTC) traded 0% lower against the dollar during the twenty-four hour period ending at 11:00 AM E.T. on December 15th. Litecoin has a total market cap of $1.91 billion and approximately $429.08 million worth of Litecoin was traded on exchanges in the last 24 hours. One Litecoin coin can now be purchased for about $32.00 or 0.00828553 BTC on major cryptocurrency exchanges including Koineks, Tripe Dice Exchange, Stellarport and Upbit. Over the last seven days, Litecoin has traded 4.3% lower against the dollar. Here’s how related cryptocurrencies have performed over the last 24 hours: Dogecoin (DOGE) traded 0.9% lower against the dollar and now trades at $0.0024 or 0.00000062 BTC. Verge (XVG) traded 1% lower against the dollar and now trades at $0.0073 or 0.00000189 BTC. Bytom (BTM) traded 1.1% lower against the dollar and now trades at $0.0807 or 0.00002086 BTC. Polymath (POLY) traded down 0% against the dollar and now trades at $0.15 or 0.00003827 BTC. Linkey (LK...

Over the past weeks, the entire digital currency market has been on a downward trend. Even the world’s largest digital currency – Bitcoin (BTC) – has been on a roller coaster ride. The digital currency has been moving between major support and resistance levels. Nevertheless, despite the recent price plunge in the market, crypto investors and enthusiasts have refused to give up on the industry. There have been more developments in the crypto industry lately, and this has grabbed the interest of many investors all over the world. This partially interprets the statement of Anthony Pompliano. Pompliano is an in-house digital currency insider of Morgan Creek. Pompliano said: “ Bear markets get rid of tourists so entrepreneurs can focus on building.” The Crypto Industry Is Not Yet Ready for a Bitcoin (BTC) ETF Since the value of Bitcoin (BTC) started crashing early this year, investors in this industry have been looking for a light at the end of the tunnel. The light investors have bee...

Advertisement CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here . SEC Chairman Jay Clayton has claimed that bitcoin exchanges lack sufficient transparency and monitoring for the market to see approved Bitcoin Exchange Traded Funds (ETFs). According to CNBC , at the Consensus Invest Conference in New York City recently, Clayton said: What investors expect is that trading in the commodity that underlies that ETF makes sense and is free from the risk of manipulation. It’s an issue that needs to be addressed before I would be comfortable. Clayton primarily feels that a Bitcoin ETF would be too easily manipulated and that not enough safeguards are in place to prevent as much. This goes in line with ongoing actions and investigations by the federal government into Tether and Bitfinex , where they may ultimately allege that Tether was used to manipulate the moving price of Bitcoin as a whole. Overall, the Bitcoin...