cryptocurrencies

Bitcoin record mark

Crypto Corner: Bitcoin Extends Losses

Adam Vettese (eToro) | Bitcoin has extended its losses this morning, with the cryptoasset losing another 0.5% to add to yesterday’s 4.5% fall. The key resistance level of $10,000 is proving to be a difficult hurdle to overcome, with several failed attempts this month. It is now back trading close to the $9,000 mark. Bears could see this as a sign the momentum may be shifting following the two month price rally.


Cryptocurrencies turn ten years; 2019 could be the year of tokenization

While coronavirus rages, bitcoin has made a leap towards the mainstream

Iwa Salami via The Conversation | Bitcoin and other cryptocurrencies will probably not be killed off by the COVID-19 crisis or indeed any other market event. With the growing market in crypto lending, these services look pivotally positioned to replace traditional banking services in the coming years. If more countries make similar moves to the ones I’ve highlighted above, crypto-assets could even become entrenched in the financial mainstream very soon.


Cryptocurrencies like bitcoin have grown in popularity

Cryptocurrencies recover and increase capitalisation by 159%

Funcas | The capitalisation of cryptocurrencies increased 159% in the first half of 2019 and went from 125 Bn$ at the end of 2018 to 325 Bn$ at the end of June, according to the Report on “Cryptomarkets and Blockchain” by the Observatory of Financial Digitalisation (OFD) of Funcas and Finnovating.


Cryptocurrencies turn ten years; 2019 could be the year of tokenization

Cryptocurrencies Turn Ten Years; 2019 Could Be The Year Of Tokenization

On 3 Jan 2008, Satoshi Nakamoto set in motion his plan to create a new form of money that is independent of any government or bank. The evolution of bitcoin and blockchain over the last decade has been so remarkable that even Satoshi himself could not have imagined the impact of his work. Year 2018 has been a marathon year for cryptoassets, and despite current crypto bear market, Mati Greenspan, Senior Market Analyst at eToro believes it disguises some positive news for 2019.


The Bitcoin Bubble: Invaluable but Overvalued

Ignacio de la Torre and Leopoldo Torralba (Arcano Partners) | Regarding Bitcoin, we are reaching a point where there is great confusion between the price and the value. If I buy a Bitcoin at $6,000 I would expect a higher value that justifies the greater risk that comes with it (it is extremely volatile, over 60%; while the volatility of currencies like the euro or dollar are less than 3%).

 



Gold vs bitcoin

Why To Pick Up Gold Instead Of Bitcoins

Despite bitcoin has plunged below $10,000, almost halving in value from its peak price near $20,000 in late December, it is undeniable that alternative currencies are gaining attention against fiat currencies. However, as reported by Flossbach von Storch they all lack one characteristic absolutely necessary for money to have value over the long term: its existence as a commodity that has intrinsic value or can be changed into one that does.



Bitcoin record mark

Bitcoin And Other Cryptocurrencies, Under Suspicion of A Bubble

The People’s Bank of China (PBoC) issued last week a statement banning ICOs, while also planning to shut down local cryptocurrency exchanges. In order to combat capital flight, money laundering and other fraudulent activities, Chinese authorities have decided to disallow trading between fiat currencies and digital currencies within China. This has led to prices of cryptocurrencies such as bitcoin sliding over the weekend.