The seventeenth installment in a weekly column, A Power of Facing looks at the prospects for freer enclaves, societies, build on the power of cryptocurrency and its underlying tech. It’s no longer a fantasy.
Contrary to popular belief, many initial coin offerings (ICOs) had the foresight to sell their Ethereum (ETH) and profit off their holdings before the price of the coin fell, according to a new report by BitMEX Research.
The cryptocurrency markets continued to lose momentum on Wednesday as most of the major currencies experienced a considerable downtrend with the drops being from 5 to 7% in most cases.
The cryptocurrency markets continued to stabilize after a relatively torrid day on Monday, when most of the coins reached yearly lows.
The Gemini cryptocurrency exchange announced yesterday that it plans on establishing a stablecoin built on the Ethereum blockchain and backed by the U.S. dollar.
The cryptocurrency markets registered a slight revival on Friday with most of the major currencies showing a small increase overall. Bitcoin Cash registered a 5% increase to trade at around $520 at press time, but turnover appeared to be weak with selling pressure probably putting the price down further.
In what seems to be another case of déjà vu, the cryptocurrency markets wiped out two weeks of positive gains in a matter of a few hours with the value of the entire market dropping by no less than $40 billion.
Bitcoin Cash held up well on the $630 level and was making small pushes upwards towards the $650 level with a possible breakout towards the $700-$800 levels appearing possible in the next 24-48 hours.
Bitcoin Cash was relatively stable trading between the $620 and $640 mark on Tuesday morning at press time—it practically remained in the same price levels all day with only minor movements up or down.
David Schwartz, chief technology officer at Ripple Labs, has published a paper claiming XRP cryptocurrency is actually more decentralized than Ethereum and BTC, in the latest attempt to persuade the skeptics.
Google has taken steps to try and control the amount of extraneous and questionable cryptocurrency-related applications found on the Play Store.
The cryptocurrency market experienced another downturn on Wednesday afternoon and Thursday morning, with most major currencies seeing the gains made on Tuesday vanish within a matter of a few hours.
