Tag: Cryptocurrencies Market

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Crypto News

John McAfee, A “Friend” Of Cryptocurrencies, Gave Up Promotin ICOs, Forced By The SEC

The influential businessman John McAfee announced today that he would no longer promote Initial Currency Offers (ICOs) due to “threats” from the US Securities and Exchange Commission (SEC), and said he is working on an alternative model for this type of financing round that would be protected against restrictive regulations.

The announcement was made in response to a previous comment requesting investment advice, which in turn was a response to the reasons McAfee initially offered for blocking more than 800 people in the last 72 hours on his Twitter account, saying that “bad treatment will not be tolerated on my account and there will be no warnings. If someone wants to be blocked instantly, please be rude.”

The SEC has imposed strong regulations against ICOs and has consistently warned for years about the various types of cryptocurrency scams. They went so far that they even created fake ICO to show how fraudulent schemes of this kind affect investors.

John McAfee gave up promoting ICOs, while the US Securities and Exchange Commission (SEC) raised controversial opinions with its last statements

John McAfee has been an influential thinker on investment in Bitcoin (BTC) and various altcoins that have been promoted in the midst of its fundraising campaigns. Also, some of McAfee’s comments may have led to price changes in certain blockchain assets.

Meanwhile, the US Securities and Exchange Commission (SEC) has also set the standard for the cryptocurrencies market, because the regulations imposed have served as a filter for projects that do not meet operational, financial, and security standards. In this way, the markets have responded to these strategies, since the sustainability of those projects that seek to develop and enter the global cryptomarket has depended on them.

Some of the analyses of the recent SEC decision not to consider Ethereum (ETH) as security argue that investor protection is not a determinant in prohibiting the marketing of an asset. Others argue that laws to regulate ICOs should be retroactive.

Meanwhile, the cryptocurrencies market has recovered in recent days, as it seems that Bitcoin (BTC) is the network that is leading the growth of the entire market, while it has been proven that the altcoins are behind it regarding price behavior.

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Crypto Markets

Cryptocurrencies Market Dropped Today As Microsoft Acquired GitHub Code Repository

Mircosoft acquired GitHub code repository and the cryptocurrencies prices fell on Monday, today, as the crypto community is not yet sure how this acquisition will influence cryptocurrencies market. Bitcoin (BTC) fell by more than 2.9% after it had risen to $7,754. However, BTC has dropped below the 7,500 USD mark earlier and now is trading at $7,488.

Most virtual currencies collapsed in May after the U.S. Department of Justice opened a criminal investigation into the possibility that traders are manipulating the Bitcoin (BTC) market.

All major cryptocurrencies have also fallen today as Microsoft acquired GitHub

Besides Bitcoin (BTC), the Ethereum (ETH), the world’s second largest cryptocurrency by market cap, dropped to $587, shedding about 4.65% in the last 24 hours.

The third cryptocurrency by market cap, the Ripple (XRP) has fallen by 1.93% to 0.65, while the Litecoin (LTC) has reached the level of $119 after dropping by 5.30%.

The cryptocurrency community has not taken very well the news that the software giant Microsoft acquired GitHub, a well-known code repository that hosts many blockchain and cryptocurrencies projects.

In fact, on GitHub, the cryptocurrency community’s members can contribute to or gain a deeper insight into the code of the future projects. Now, as Microsoft has been announced that it acquired GitHub, many Twitter and Reddit users are concerned about the impact that a massive company, that is Microsoft, could have on the decentralized blockchain community on GitHub and beyond it.

A new cryptocurrency trading platform has been introduced in Europe

Besides the allegedly bad news that GitHub has been sold to Microsoft, Gibraltar, a British territory, has launched a regulated and licensed cryptocurrency trading platform called the Gibraltar Blockchain Exchange.

This is a subsidiary of the Gibraltar stock market, therefore, it would be one of the first cryptocurrency trading platforms to be regulated by a European Union stock market.

Gibraltar Blockchain Exchange cryptocurrency trading platform has started to operate with limited trading but the platform already has more than 300 retail accounts and even some institutional investors.

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Crypto Markets

Institutional Investors Might Trigger A Bullish Race In The Cryptocurrencies Market

One hypothesis that hints that the crypto market is up for a big uptrend, even bigger than the surge recorded during the last year, arises from the growing cryptocurrency demand. Powered by market’s popularity, connoisseurs forecast that more and more institutional investors will seek to take a part in the action and grab a big piece of this pie.

As increasingly more cryptocurrencies are emerging on the mainstream markets and forming alliances with major investors including PwC, Goldman Sachs, and Santander, among others.

Big institutional investors can’t stay far for too long and this will boost the cryptocurrencies market

The best part regarding these institutional investors is that these entities are not used to deal with low-profile investments. Thus, they will come to the cryptocurrencies market only to place large-scale investments, so helping the market grow in terms of volume of transactions and market cap.

On the other hand, when reviewing the cryptos’ partners, it might be possible to not observe the bigger picture. Therefore, any news regarding the partnerships between big companies and cryptos seem isolated events. However, on the overall, firms like Facebook, MoneyGram, Santander, or Walmart, all of which are already involved in the cryptocurrencies market, to some extent, might influence other companies of the same level to go with the stream and get involved in the cryptos.

And, once it will happen, there will be a competition going on between the institutional investors, which will benefit only the cryptocurrencies market, in the end.

Cryptocurrencies market seeks widespread adoption

In short, the more companies will invest in cryptos, the more the market will stabilize and grow. Basically, this would mean widespread adoption and money infusions of up to $10 billion might be experienced which, eventually, would lead to a significant boost of the cryptocurrencies market.

All these, however, are founded on simple hypothesis and a market that operates in an almost perfect setting but, above all, it could happen if the big institutional investors would see the importance and the bright future of the cryptocurrencies market as both digital currencies and blockchain technologies.

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Crypto Markets

ICON (ICX), Cardano (ADA), And Nano (NANO) Price Analysis

Today, the cryptocurrencies market have benefited from a rapid upward movement. ICON (ICX) has been in full upswing, Cardano (ADA) is also “green”, while Nano (NANO) is dropping, losing about 4.7%. On the other hand, Bitcoin (BTC), the biggest crypto by market cap, has also risen in value against USD yesterday by shed the gains today, currently trading at $7,382.

ICON (ICX) price analysis

The ICON price is currently trading higher than the moving averages on the 30′ chart. In addition, the split between the 50 SMA and the 100 SMA is now starting to shrink to signal that purchasers are recovering their grip.

The bullish traders are struggling to break the $2.60 resistance but are keeping their eyes on the $2.7 and $3.0 levels. The short-term support regions will arrest the downward trend at $2.5 and $2.4 support levels.

Now, ICON (ICX) trades at $2.57

Cardano (ADA) price analysis

The Cardano ADA price has recently quoted the new May minimums after plummeting under $0.20. Yesterday, the ADA/USD pair exceeded the critical resistance level at $0.18 but stood at over $0.17 level.

Also yesterday, Cardano (ADA) chart presented a strong resistance level around $0.20. As Cardano (ADA) moved over this level (trading at $0.204, at the moment of this article) will encounter more resistance at the 78.6% Fiber Retracement level, with a peak at $0.31 and a minimum at $0.172.

However, the sentiment is bullish for the time being.

Nano (NANO) price analysis

The Nano (NANO) price was among the major earners in the cryptocurrencies market yesterday as its value against the USD soared by more than 14%.

Unfortunately, today Nano (NANO) plummeted below the $4 support level as it is now trading at $3.87, as it records a quite massive drop of about 6% in the last 24 hours, at the moment of this review.

Nano (NANO) lost the momentum it gained yesterday when the bulls pumped in the cryptocurrencies market and is now supporting a correction which might force the coin drop even more.

In short, today, May 30th, the cryptocurrencies market is continuing the slight recovery after a long period of turmoil and significant drops.

Categories
Crypto

0x (ZRX) Might Eventually Get On Coinbase Cryptocurrency Exchange

0x (ZRX) is doing very well in the cryptocurrencies market, lately, where all the major crypto coins traded downward until recently today. Refusing to go with the stream, 0x (ZRX) has traded upward and is still pushing up. Even more, ZRX is on the verge to be listed on Coinbase cryptocurrency exchange.

What makes 0x (ZRX) get higher?

In April-May period, this cryptocurrency was among the best-performing digital assets in the world, ahead of the current downturn of the cryptocurrencies market, which slightly reduced today and cryptos trade “green” again.

The more ZRX gained, the more crypto enthusiasts started to wonder why is this crypto gaining so much lately.

At first, they thought it was thanks to the potential 0x (ZRX) listing on Coinbase, the biggest US-based cryptocurrency exchange. However, Coinbase didn’t add ZRX yet. Recently, however, the team behind 0x crypto made significant changes to one of the 0x platforms reigniting the beliefs that 0x (ZRX) is meant to be listed on Coinbase, definitely.

“Proud to build a more equitable future with our colleagues around the world,” stated the 0x team.

So, what makes ZRX grow is the fact that Coinbase acquired Paradex which is built on the 0x network. Furthermore, this Coinbase action triggered a very positive feedback within the 0x community which also helped ZRX increase.

0x (ZRX) Price

At the moment of this article, ZRX trades at $1.27 gaining about 3.44% in the last 24 hours.

On the other hand, 0x (ZRX) is on the 29th position within the cryptocurrencies market with a market cap of about $675 million.

ZRX might eventually get on Coinbase by the end of 2018

Ultimately, all the rumors talking about 0x (ZRX) listing on Coinbase might turn out to be true by the end of the year as this is a great moment for 0x as a whole, not only for its crypto.

Even more, 0x team enjoys the presence of three ex-employees of Coinbase who are working on implementing ZRX on the Coinbase cryptocurrency exchange platforms against the BTC, BCH, LTC, and ETH.

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