n This week in the Hodlers Digest, Goldman Sachs turns up its nose at a crypto trading desk, while Alibaba and IBM battle for most blockchain patentsn
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India Sends Officials to US, Japan and Switzerland to Study Cryptocurrency and ICOs
n While the Reserve Bank of India struggles to ban crypto, officials travel to other countries to learn more about itn
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Report: CFTC Sends Subpoenas to Bitfinex, Tether
The CFTC has subpoenaed Bitfinex and Tether, according to a new report from Bloomberg.
CoinDesk
Report: India’s Government Sends Tax Notices to Cryptocurrency Traders
India has sent tax notices to tens of thousands of cryptocurrency owners within its borders.
CoinDesk
Coinbase Sends Customers Notice of Exchange Delays, Cautions on Risks of Cryptocurrency Investment
n In email to all customers, Coinbase warns investors of risks of trading digital currencies, addresses platform issues during large growth time.n
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Bitcoin Price Behemoth Sends Altcoin Markets in Gloomy State
For those holding Bitcoin it is party time, the King of crypto smashed another record today as it approached ,000. Yesterday’s news that the world’s largest derivatives exchange group, CME Group, will be introducing a Bitcoin-based futures contract sent the currency skyward as Wall Street woke up. The hype and hysteria have done wonders for Bitcoin and its recognition and ascension to mainstream trading.
For those holding altcoins, it is another story altogether, the BTC bull has bashed them all. The thing with the majority of altcoins is that you need Bitcoin to buy them, not many exchanges will let you use fiat, some of the major ones such as Bittrex only deal in Bitcoin so you have to go through two exchanges in order to buy altcoins. The Bitcoin gold rush has caused the flow to reverse, traders, are dropping altcoins like hot rocks in order to buy back into Bitcoin which has risen by over a thousand dollars in a week.
Ethereum has taken a hit, finally breaking out of its two-week channel between 0 and 0. Support levels were broken and ETH has started a downwards motion towards 0. Some may see it as a buying opportunity but that depends on how far further Bitcoin will go, it is eating its siblings alive.
Other altcoins are suffering a similar fate; NEO has collapsed from a high of almost in mid-August to around today. News from China that exchanges may reopen only produced a short-lived spike in the chart for this crypto. Also losing over 50% of its value is OmiseGO which has fallen from highs of around in early September to just over today. Its impressive roadmap released last week was not enough to prevent the downward slide.
Litecoin has seen likewise action, South Korea’s move to enable trading on Coinone, the country’s second-largest exchange, did nothing to help Bitcoin’s smaller sibling to gain traction. It too has been in a sideways channel and has now dropped towards . Ripple has fared no better and has fallen below .20 to its lowest level for two and a half months.
Only a few have managed to ride the wave with Bitcoin and these include Bitcoin Cash and BitConnect which are both trending upwards. For those holding altcoins, the picture may look bleak, but a phrase commonly used in crypto circles applies more than ever right now – HODL – Hold On for Dear Life.
The post Bitcoin Price Behemoth Sends Altcoin Markets in Gloomy State appeared first on NEWSBTC.
Bitcoin Price Behemoth Sends Altcoin Markets in Gloomy State
For those holding Bitcoin it is party time, the King of crypto smashed another record today as it approached ,000. Yesterday’s news that the world’s largest derivatives exchange group, CME Group, will be introducing a Bitcoin-based futures contract sent the currency skyward as Wall Street woke up. The hype and hysteria have done wonders for … Continue reading Bitcoin Price Behemoth Sends Altcoin Markets in Gloomy State
The post Bitcoin Price Behemoth Sends Altcoin Markets in Gloomy State appeared first on NEWSBTC.
Tezos Team Spat Sends Futures Price Diving 75 as Investors Panic
n Tim Draper is nowhere to be heard, 0 mln Tezos funds still locked as team starts fightingn
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Block Size Debate Turns Violent as Trolls Sends SWAT Team to Home of BitGos Lopp
&8230nThe post Block Size Debate Turns Violent as Trolls Sends SWAT Team to Home of BitGo&8217s Lopp appeared first on CryptoCoinsNews.n
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