Cryptocurrency

Cryptocurrency News Even though the cryptocurrency news was upbeat in recent days, the market tumbled after the U.S. Securities and Exchange Commission (SEC) rejected calls for a Bitcoin (BTC) exchange-traded fund (ETF). That news came as a blow to investors, many of whom believe the ETF would open…

Cryptocurrency News Cryptocurrencies traded sideways since our last report on cryptos. However, I noticed something interesting when playing around with Yahoo! Finance’s cryptocurrency screener: There are profitable pockets in this market. Incidentally, Yahoo’s screener is far superior to the one on CoinMarketCap, so if you’re looking to compare…

Cryptocurrency News & Market Summary Investors finally saw some light at the end of the tunnel last week, with cryptos soaring across the board. No one quite knows what kicked off the rally—as it could have been any of the stories we discuss below—but the net result was…

Another Crypto Hack Derails Recovery Since our last report, hackers broke into yet another cryptocurrency exchange. This time the target was Bithumb, a Korean exchange known for high-flying prices and ultra-active traders. While the hackers made off with approximately $31.5 million in funds, the exchange is working with…

Cryptocurrency News On the whole, cryptocurrency prices are down from our previous report on cryptos, with the market slipping on news of an exchange being hacked and a report about Bitcoin manipulation. However, there have been two bright spots: 1) an official from the U.S. Securities and Exchange…

Ripple vs SWIFT: The War Begins While most criticisms of XRP do nothing to curb my bullish Ripple price forecast, there is one obstacle that nags at my conscience. Its name is SWIFT. The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the king of international payments. It…

Trust Is Growing... Before we get to this week’s cryptocurrency news, analysis, and our cryptocurrency price forecast, I want to share an experience from this past week. I was at home watching the NBA playoffs, trying to ignore the commercials, when a strange advertisement caught my eye. It…

XRP Prices Hang in the Balance Ripple bears like to claim that XRP “serves no purpose” in its technology, but recent success with the "xRapid" software says otherwise. That—plus the continual “Is XRP a security?” debate—drove Ripple prices round and round in circles last week. I see these…

Bitcoin Prices Are Less Independent Than You Think Inside the world of cryptocurrencies, some truths go unquestioned: 1) centralization is terrible, 2) fixed money supplies are great, 3) cryptocurrencies are uncorrelated from stocks. The last “truth” is now in question. Many analysts, myself included, have raised questions about…

Cryptocurrency Rally Holds Strong Rallies are important, but holding a rally is even more important. Thankfully, that’s what cryptocurrencies have done over the last two weeks. Our favorites either stuck close to their previous levels or they exploded to the upside. Siacoin (SC), for example, rose more than…

XRP Prices: Patience Is Warranted 2017 was a great year for investors, where the market environment was characterized by a constant barrage of new all-time highs, low volatility, and a number of high-flying sectors taking center stage. 2018 is turning out to be a whole different beast; a…

Ripple News Update Although XRP prices are flashing red this morning, Ripple is actually net positive for the weekend. From its Friday lows to the time of this writing, the XRP to USD exchange rate advanced 5.55%. But that’s not the biggest story in today’s Ripple news update.…

Ethereum News Update Investors tend to panic when international organizations talk about cryptocurrency regulation, but is that really the nightmare scenario? What we have at the moment seems worse. With each country or state striking its own path on crypto regulation, investors are left without a clear sense of…

Ripple News Update The myth of Ripple controlling the XRP Ledger has haunted XRP prices for years, but an upcoming initial coin offering (ICO) might shift those perceptions. What am I talking about? Well, a small Brazilian company called Allvor is launching its own token on the XRP…

Ethereum News Update The first quarter of 2018 was historically bad for ETH prices, according to a recent CoinDesk report, but there’s a silver lining embedded in the data: namely, that ETH recovered from these types of slumps in the past. For instance, Ethereum prices lost 40% in…