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Market Turns Green

June J, 2017

Market Turns Green The cryptocurrency market takes a turn to the green, led by Ethereum and Bitcoin. After two days of the so-called ‘crypto correction’ in the final days of June, the wider cryptocurrency market is seemingly back on a comeback trial as all top ten cryptocurrencies by market cap make gains over a 24-hour period. According to CoinMarketCap, all but two of the top 50 cryptocurrencies have taken a positive turn during Tuesday’s trading period. At press time, only…

Traders Plan for Correction as Crypto Market Falls Below $100 Billion

June J, 2017

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Traders Plan for Correction as Crypto Market Falls Below $100 Billion The total value of all publicly traded cryptocurrencies may be at an all-time high, but trader confidence isn't keeping pace. After rising more than 1,500% from just over $7bn on 1st January, the market is beginning to show signs that its rapid ascent in 2017 may be slowing. According data from CoinMarketCap, the cryptocurrency asset class fell from a high of $117bn yesterday to just under $100bn today, a…

Crypto Asset Fund looks to raise $400 million to buy into blockchain frenzy

June J, 2017

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Crypto Asset Fund looks to raise $400 million to buy into blockchain frenzy Timothy Enneking started a cryptocurrency fund in 2014, when the market was almost exclusively bitcoin. That's no longer the case. The 58-year-old money manager is now aiming to raise up to $400 million for the Crypto Asset Fund, a diversified pool of digital currencies and assets that he expects to be in the tens of millions of dollars by the end of this year. Enneking filed…

The new cryptocurrency gold rush: digital tokens that raise millions in minutes

June J, 2017

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The new cryptocurrency gold rush: digital tokens that raise millions in minutes New York City About a dozen rain-soaked people were crammed between the revolving doors and security barriers in the lobby of New York University’s Stern School of Business as torrents pelted down outside. All desperately wanted in to the hottest ticket in town, one that promised to make some of them overnight millionaires, if not billionaires. Among them was Dan Morehead, a former Wall Street titan turned…

Will Investing in Cryptocurrency Make You Rich

June J, 2017

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Will Investing in Cryptocurrency Make You Rich Have you heard? Cyptocurrency is so hot right now. Bitcoin's price has been climbing for the better part of a year, topping $2,000 per coin for the first time in May, and rising to a record high above $2,500 — before dropping down just above $2,400 a coin as of Friday afternoon, per CoinDesk. Those numbers mean nothing to you? This one might: If you had made a small investment in bitcoin…

Coinhako Adds Ether for Singaporean and Malaysian Wallet Users

May J, 2017

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Coinhako Adds Ether for Singaporean and Malaysian Wallet Users Coinhako, a Singapore-based Bitcoin wallet supplier declared that it will include bolster for ether (ETH). Clients can now purchase, offer and store ETH in Singapore and Malaysia. Ether tokens are the local coin and installment asset of Ethereum, the decentralized blockchain stage to run savvy contracts not worked by any standardized bank or government. ETH has vaulted to second behind bitcoin in market capitalization and fame. CoinHako.com is a bitcoin…

Cryptocurrency Bubble?

May J, 2017

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Cryptocurrency Bubble ? Some credible sources are citing a possible "cryptocurrency bubble", as the prices of coins and tokens rocket and the fever for initial coin offerings (ICOs) continues unabated. All this stuff involves the technology known as blockchain, so it's all broadly related, but there are also certain distinct phenomena to consider. On the one hand, we are seeing a massive increase in the price of Bitcoin, ether, Dash, Z-Cash, Monero, what have you. Also surging is the…

Cryptocurrency â Looking Forward from May 2017

May J, 2017

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Cryptocurrency – Looking Forward from May 2017 For cryptocurrency enthusiasts, developers and investors, the first half of 2017 has been nothing but exciting. Very few people would have predicted the trends that we are now seeing today: a vibrant and rapidly growing altcoin market, massive all time highs for both Bitcoin and Ethereum and an initial coin offering (ICO) crowdfunding mechanism that is creating enormous investor hype. Among all of this noise are a number of very interesting developments. These…