Welcome to my Cryptocurrencies Market Overview for Thursday, January 04, 2018.
Today in the news:
- Ripple hits $3.72 (+165% in 7 days) and Ethereum is above $1,000.
- TRON price jumps 150% as founder teases major partnership.
- And more crypto news below...
24 Hour Change
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Month-to-Date Change
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Latest Crypto News - January 04, 2018
Down But Not Out: Bitcoin Holds Onto Bullish Territory
Bitcoin has come under pressure today amid sharp gains in alternative currencies, but the charts are showing no signs of panic.
Read more: coindesk.com
Ripple (XRP) Price Surpasses $3.6 as Bulls Remain in Control
As we had expected yesterday, the XRP price has continued its uptrend without too many problems. With every XRP worth over $3 as we speak, it is evident this digital asset is of great interest to investors and spectators all over the world. As is the case with any sort of growth in the world of finance, there will be a correction at some point in the future. For now, the bullish uptrend is still in place as we speak.
Read more: themerkle.com
Other sources:
Ethereum Price hits $1,000
Things are progressing nicely in the world of Bitcoin and altcoins these days. While the Bitcoin price is still on the bend, most altcoins are further solidifying their position in the market. Ethereum, for example, is looking to hit that $100bn market cap in the coming weeks. Moreover, the Ethereum price has increased to over $977, which means reaching $1,000 may happen sooner than expected.
Read more: themerkle.com
Other sources:
- Ether Price Climbs to New Record High (Coindesk)
Merrill Lynch Bans Clients from Investing in Bitcoin Fund
Merrill Lynch, the brokerage arm of Bank of America, has blocked financial advisers and clients from trading in bitcoin-related investments.
Read more: coindesk.com
Other sources:
Korean Law Firm Appeals Against Govt’s Cryptocurrency Trading Rules
A law firm in Seoul, South Korea has filed an appeal against the government’s new cryptocurrency trading rules. Anguk Law filed the suit which claims regulating trading through administrative guidance has no legal basis and infringes on property rights, according to The Korea Times.
Read more: ccn.com
Chinese Cryptocurrency Exchanges Delay Launching in South Korea Due to Regulation
Two major Chinese cryptocurrency exchanges have delayed their launches in South Korea due to uncertainties surrounding the government’s regulation. The regulators are currently working on a real-name identification system that will end the anonymous trading of cryptocurrencies in the country.
Read more: bitcoin.com
SEC Seeks Comment on CBOE Bitcoin ETF Filings
The SEC is asking for public comment on two proposed rule changes that, if approved, would lead to the listing of the first-ever bitcoin-based exchange-traded funds.
Read more: coindesk.com
McAfee Warns of Advanced Hacking After Twitter Account Hijacking
Cybersecurity Expert John McAfee has warned of advances in hacking methods after his personal Twitter account was hijacked to promote a number of alternate cryptocurrencies last week.
Read more: cointelegraph.com
Maduro Recruiting Miners For Venezuela’s Oil-Backed Cryptocurrency, Petro
Only days after announcing on national TV a formal decree launching the country’s asset-based cryptocurrency, the Petro, Venezuelan President Nicolas Maduro is hiring miners across the country to harvest the digital currency from the Petro mining farms.
Read more: cryptovest.com
Other sources:
Bitcoin Is a Hit in Countries Where Locals Face Currency Troubles
In Sudan, a young woman wants her dowry paid in bitcoin. In Kenya, students are using it to bet on English soccer games, and use of the cryptocurrency in South Africa has surged amid political turmoil. Around the world, investors are piling into bitcoin, sparking talk of a gigantic bubble after the virtual currency notched a 1,375% gain last year.
Read more: wsj.com
TRON Price Jumps 150% as Founder Teases Major Partnership
The TRON price exploded by 94 percent on Thursday after the decentralized content distribution platform’s founder teased a major partnership with a publicly-listed company. Its token, TRX, is up 150% in a 24-hour period at press time.
Read more: ccn.com
What would Bitcoin's price be when it is really used by the masses?
