Even as Blockchain tops $17,000 today and is rumored to hit $20,000, I still believe cryptocurrency as a currency doesn’t have much there. I don’t think blockchain is a “real” investing opportunity, unless you’re an institutional hedge fund betting on the momentum trade. There is a real likelihood that bitcoin will crash and lose 80% of its value, Read more »
Bitcoin continued its upward climb today. As of this morning, single-coin prices were around the $17,000 level, with momentum strong on this latest bull run. The BTCC exchange had it at $19,400, which would be an all-time high.
The bitcoin effect is having an impact on other lesser-priced cryptocurrencies as well,
Blockchain security company BitGo has raised $42.5 million in a Series B funding round, led by Valor Equity Partners. The round also saw the participation of Chicago-based trading firm DRW, David Sacks and Bill Lee.
The company said the funds will be used to expand its business outside the US to help more companies dive into the nascent digital coin market.
The US Securities and Exchange Commission (SEC) has ordered a California company to refund tokens sold in a $15 million initial coin offering (ICO).
Munchee was envisioned as a “Yelp Meets Instagram” that would be used to source restaurant reviews. The MUN token would be an incentive for activity on its network.
Litecoin is making its move. The digital currency markets may have seen skyrocketing prices, but the “silver” of cryptocurrency is finally awakening, no doubt driven by the unusual number of new investors pouring into the market.
Litecoin traded between $134.12 and $208.03 today,
Bitcoin futures trading is underway on Wall Street, bringing government regulation and oversight to the cryptocurrency market for the first time. The advent of trading by CBOE and CME Group should give new vigor to trading in the coming weeks, as opportunities expand and perhaps lure more institutional money on board.
Cent Routing Exchange (CENTRE), a subsidiary of blockchain startup Circle, has raised $20 million in a Simple Agreement for Future Tokens (SAFT) sale. A SAFT is an instrument employed to allow partners and participants to establish early stakes in the network ahead of a future public sale of tokens that will enable use of the network.
Gamified micro-task platform StormX has raised over $32 million in its initial coin offering (ICO). Over 11,500 people registered to participate in the ICO and nearly 9,500 were approved. The StormX ICO saw participants from all over the world, with individuals across 143 different countries contributing to the token sale.
The air is coming out of the bitcoin bubble. As most anticipated, the incredible run-up of the last five days is gradually deflating, with bitcoin standing at the $15,500 mark this morning.
While down pricing is never good news, the hyper-inflation of BTC seen over the last two weeks couldn’t be sustained by any logic.
The digital currency markets continue to rumble, led by large price fluctuations in Litecoin and bitcoin over the past 24 hours.
A notable low volatility outlier was Ethereum Classic, which traded between $22.93 and $33.73 today, with an average price of $28.18.
Our proprietary Block Tribune Volatility Index is a measure of daily price variability compared with variability over the prior 30 days.