BTC price drops 8% as cryptocurency market recovery stalls
After a relatively fine three days of recovery in the cryptocurrency markets when most coins went up by around 20% from their 2018 lows, the markets were once again back in deep red.
After a relatively fine three days of recovery in the cryptocurrency markets when most coins went up by around 20% from their 2018 lows, the markets were once again back in deep red.
The U.S. Treasury announced that the Office of Foreign Assets Control (OFAC) will begin adding cryptocurrency addresses to the Specially Designated Nationals (SDN) List.
Things appear to have only gotten worse for Venezuela after U.S. President Donald Trump signed an executive order on Monday, banning all forms of cryptocurrency issued by the country.
Bitcoin Cash, which is now rapidly gaining traction, is expected to reach the psychologically significant $1,000 level on Tuesday if the bull run continues.
At this point there was no need for further cryptocurrency regulation since the total turnover of these currencies have very little, if any, effect on the current financial markets as they are, according to FSB President Mark Carney.
It was yet another turbulent and largely negative weekend for the vast majority of cryptocurrencies as further selling pressures affected prices all over the board.
UK-based cryptocurrency exchange Coinfloor said that it will be launching the world’s first “physically delivered” BTC futures contract from April 18.
The Authorite de Marches Financieres (AMF) in France has come up with a list of websites that offer cryptocurrency services and is advising customers not to engage or trade in these platforms.
There were differing opinions by congressmen on the usability and security of cryptocurrencies. California Rep. Brad Sherman was very direct and dissing about the industry, which he described as “popular with guys who like to sit in their pajamas.”
Some cryptocurrencies are now at their annual lows—similar to the crash experienced in February—with no end in sight to the downturn as bad news continue to affect investor sentiment.
This restriction also applies to platforms like YouTube as well as other third party advertising sites which the internet giant sells considerable advertising space.
Bitcoin Cash is holding above the $1,000 mark having dropped below that psychologically significant level several times although there does appear to be some support at that level