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Tag Archives: Market

Crypto Market Surges as Tokens Including VeChain Spike 80%

The cryptocurrency market has shown a marked recovery from its bearish mood which saw Bitcoin drop below $6,000 to a near 2018 low. While Bitcoin stands at $6,500 today – an increase of over 2% in 24 hours, crypto analysts say that only an upward movement above key resistance at $6,675 would indicate a bullish reversal. Several other cryptocurrencies have ...

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Tokens Record 50% Gains as Crypto Market Recovers, Bitcoin at $5,000

Over the past 24 hours, tokens such as VeChain, Ontology, and PundiX recorded 50 percent gains against the US dollar, as the crypto market recovered and Bitcoin showed stability. VeChain recorded the biggest jump in value on August 17, spiking by over 50 percent against the US dollar, becoming the best performing digital asset this week. What Does the Strong ...

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Strong US Dollar, Not ICOs, Drove Recent Cryptocurrency Market Decline

The cryptocurrency markets experienced a slight pullback on Thursday but have more or less managed to maintain the midweek recovery that followed Monday’s massive sell-off. As CCN reported, some analysts attributed that decline — which affected ethereum to a far greater extent than bitcoin — to ICO-funded startups cashing out their capital before the market takes an even further dip. ...

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VeChain Price Explodes by 30% as Cryptocurrency Market Plots Recovery

The vechain price (VET) exploded by 30 percent on Thursday, headlining a widespread recovery that raised the cryptocurrency market cap by more than $5 billion over the past 24 hours. The cryptocurrency, which serves as the native token of the smart contracts and supply chain management-focused VeChain blockchain, had traded below $0.008 during Thursday’s early morning hours but began to ...

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Reasons Behind the Crypto Bear Market

Crypto is notoriously a “tough neighbourhood,” as even evergreen Bitcoin bull Tom Lee has put it. After a week in which double-digit losses wreaked havoc on many high-profile cryptos, and Bitcoin (BTC) momentarily fell through the $6,000 support, pitiless bearish sentiment has been circling, with some accusing the top coin of being “exhibit A” in a “permanently impaired or even ...

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Korea’s Largest Cities Want to Become Crypto Capitals, Market Optimistic

Following the release of a new regulatory framework for crypto businesses and blockchain projects, major cities in South Korea have started to build regional policies to fuel the growth of cryptocurrency-related companies. Country’s Second Biggest City Wants to be Like Zug This month, Oh Keo-don, the mayor of Busan, the second largest city in South Korea behind Seoul from the ...

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Ripple Considering Chinese Market to Speed Up Payment Solutions

Ripple is considering breaking into the Chinese market to apply its distributed ledger technology (DLT) to cross-border payments, a Ripple executive told CNBC August 15. Jeremy Light, vice president of European Union strategic accounts at Ripple, said in a phone interview that the company is looking to enter the Chinese market to speed up international payments with its DLT. Light ...

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Ripple Targets China | Large Financial Market to be Discovered

Ripple, the third largest cryptocurrency project by its total market cap, confirmed that it is targeting the large Chinese market with its cross-border blockchain payment technology, CNBC reported this morning. Ripple targets China despite China’s anti-cryptocurrency reputation? Here’s why. Ripple Targets China Jeremy Light, VP of European Union Strategic accounts at Ripple, had a phone interview with CNBC and said, “China ...

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Ethereum Price Claws Its Way Back to $300 as Market Adds Billions

The ethereum price clawed its way back to $300 on Wednesday as the wider cryptocurrency market experienced a double-digit recovery. Ethereum suffered a colossal sell-off during the early part of the week, dipping as low as $249 on Monday and leading many to wonder whether the second-largest cryptocurrency’s status as a launchpad for initial coin offerings (ICOs) made it particularly ...

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