Cryptocurrencies
Cryptocurrency News While headline numbers look devastating this week, investors might take some solace in knowing that cryptocurrencies found their bottom at roughly $189.8 billion in market cap—that was the low point. Since then, investors put more than $20.0 billion back into the market. During the rout, Ethereum…
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 Although cryptocurrency prices were heating up last week (Bitcoin, especially), regulators poured cold water on the rally by rejecting calls for a Bitcoin exchange-traded fund (ETF). This is the second time that the proposal fell on deaf ears. (More on that below.) Crypto mining ran into…
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 This was a bloody week for cryptocurrencies. Everything was covered in red, from Ethereum (ETH) on down to the Basic Attention Token (BAT). Some investors claim it was inevitable. Others say that price manipulation is to blame. We think the answers are more complicated than either…
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…
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…