Crypto markets crash, BTC drops to below $9,000
After a relatively quiet day where the major cryptocurrencies had seen good gains and consolidation, a steep drop on Thursday afternoon saw the whole gamut of currencies go down by large margins.
After a relatively quiet day where the major cryptocurrencies had seen good gains and consolidation, a steep drop on Thursday afternoon saw the whole gamut of currencies go down by large margins.
A combination of bad news, FUD and a general negative sentiment pulled the cryptocurrency market down yet again on Tuesday, with BTC dropping further to flirt with the $9,000 mark.
U.S. regulators are set to decide the regulatory fate of ETH and XRP, a decision that will definitely affect most cryptocurrencies in existence—except Bitcoin.
All major currencies were down, with BTC experiencing another drop to below the $9,000 mark after having briefly flirted with $9,500 over the weekend.
A glitch in a multi-sig wallet smart contract library last year was responsible for the funds being locked, a factor which had led some to speculate on a potential fork in the Ethereum blockchain to recover the money.
The smart contract bug, called "BatchOverFlow," allows an attacker to create tokens from thin air and then deposit them into a verified Ethereum wallet.
New details have emerged in the DNS attack that mimicked MyEtherWallet.com, ultimately stealing about $150,000 in ETH.
The wallet address linked to the attack has already conducted some 180 scam transactions, totalling as many as 215 ETH worth over $134,000 based on current trading prices.
Citing the Howey Test, former Commodity Futures Trading Commission chief Gary Gensler said Ethereum and Ripple tokens could be “operating outside of U.S. laws.”
Thursday could have been the defining point in the end of the three-month bear market for cryptocurrencies as a huge revival pushed the price of SegWit-Coin BTC up of around 18% in just 30 minutes.
Cryptocurrency exchange Bithumb kicked off the second day of the Deconomy 2018 with an overview of South Korea’s growing cryptocurrency market, considered to be the largest in the world.
After a relatively positive Monday morning where all major cryptocurrencies were on the rise including SegWit-Coin BTC, the rest of the day was negative with steep losses covering a wide swath of cryptocurrencies.