Crypto Market Continues Slow Bleed Out But Tokens Record 20% Gains

Over the past 24 hours, the crypto market has lost about $4 billion of its valuation against the US dollar. Major cryptocurrencies like Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Ripple (XRP) extended their losses by 2 to 8 percent. The price of BCH dropped from $236 to $215, by nearly nine percent. In The post Crypto Market Continues Slow Bleed Out But Tokens Record 20% Gains appeared first on CCN

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Stablecoin Wars: Coinbase Token Attracts Capital But PAX Dominates Trading

It’s now been nearly two months since Winklevoss-led cryptocurrency exchange Gemini fired the first shot in the stablecoin wars through the launch of its USD-pegged crypto token, the eponymous Gemini Dollar. That same day, Paxos — like Gemini an NYDFS-regulated firm — made a similar announcement, and before long, crypto unicorns Circle and Coinbase revealed The post Stablecoin Wars: Coinbase Token Attracts Capital But PAX Dominates Trading appeared first on CCN

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86% of ICO Tokens Now Worth Less than Initial Cryptocurrency Exchange Listing Price

Global professional services firm Ernst & Young (EY) has released a report on the performance of ICOs over the last year, and in keeping with the bear market for cryptocurrency assets, the trend was predictably downward. Just 10 Tokens Count for 99% of All ICO Gains EY released a report on ICOs back in December 2017, The post 86% of ICO Tokens Now Worth Less than Initial Cryptocurrency Exchange Listing Price appeared first on CCN

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0x Surges 30% after Coinbase Listing, Which Crypto is Next?

0x (ZRX), better known as the 0x protocol, experienced a 30 percent increase in value within mere minutes after Coinbase, the world’s largest crypto brokerage, officially integrated ZRX. In an official announcement, Dan Romero, Coinbase vice president and Coinbase Consumer general manager, wrote: “Starting today, Coinbase supports ZRX at Coinbase.com and in the Coinbase Android The post 0x Surges 30% after Coinbase Listing, Which Crypto is Next? appeared first on CCN

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Did Ethereum Bottom Out at $170? Worst Part of ETH Drop May be Over

On Sept. 12, Ethereum (ETH) dipped below the $170 mark, dropping to $166 to hit its lowest point of the year. Since then, within a 30-day period, ETH has shown promising recovery in its volume and momentum, rebounding from $166 to $230. Last week, on Sept. 23, the Ethereum price achieved $255. Worst Part of The post Did Ethereum Bottom Out at $170? Worst Part of ETH Drop May be Over appeared first on CCN

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Gemini Can Freeze its USD-Pegged Cryptocurrency at Any Time: Researcher

Much has been made in recent days about how Gemini dollar (GUSD), a USD-pegged stablecoin created by the Winklevoss-founded Gemini cryptocurrency exchange, can help regularize cryptocurrency as a mainstream asset class. However, decentralization hardliners may be dismayed by the details of this grand bargain. GUSD Smart Contract Gives Gemini Broad Control Writing on tech publication The post Gemini Can Freeze its USD-Pegged Cryptocurrency at Any Time: Researcher appeared first on CCN

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Dash Breaks Bear Paralysis as Strong Fundamentals Add 25% Gains

Dash on Saturday continued to trend upwards amid a strong buying sentiment phase that started mid-week. The DASH/USD pair on Wednesday has established its weekly low towards 156.60-fiat. After that, the pair underwent a decent recovery towards 186.70-fiat intraday high, crossing through crucial resistance areas during the Thursday’s trading session. The sentiment continued to flourish The post Dash Breaks Bear Paralysis as Strong Fundamentals Add 25% Gains appeared first on CCN

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Tron Price: The 12th-Largest Cryptocurrency Continues to Range Trade

On Friday Aug 31, Tron (TRX) crept higher than the day before, but the momentum was already fading out by noon. The crypto is now trading at $0.0247, which is lower than early this week, says Dmitriy Gurkovskiy, chief analyst at RoboForex. Technically, the overall long-term trend is still descending, and it will be this The post Tron Price: The 12th-Largest Cryptocurrency Continues to Range Trade appeared first on CCN

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