Thursday, Oct. 18: Crypto markets are seeing continued stability, with few of the major cryptocurrencies budging in price, as Coin360 data shows. Market visualization by Coin360 Meanwhile, Tether (USDT) has seen marked movement for a “stablecoin.” Having slipped from its U.S. dollar peg to trade well below its historical price range last week, the asset has today seen around 0.7 percent growth as it stakes an attempted recovery. Bitcoin (BTC) is trading at $6,545 at press time, seeing negligible price change on the day according to CoinMarketCap. Despite a short-lived spike Oct. 17, which correlated with Tether’s price drop, Bitcoin …
Decentralized Internet project TRON (TRX) and China's largest Internet search provider Baidu will cooperate on cloud computing resources, according to an official tweet from the TRON Foundation posted yesterday, October 17. The tweet confirms a series of unofficial reports that have been circulating since Oct. 13. The first indication that the nature of the Baidu-TRON cooperation would be specifically centered on cloud service provision surfaced earlier this week, in the same report from local news source ODaily that TRON has today retweeted, sealing its official confirmation of the news. ODaily’s text states that Baidu Cloud and TRON have closed a …
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 17
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. While crypto markets have given up much of their Oct. 15 gains, they are still trading well above the recent lows, which is a positive sign. A knee-jerk reaction to a news event can propel the markets only to a certain level, after which fundamentals take over. The next leg of the up move …
Tuesday, Oct. 16: Crypto markets are seeing some stability today following yesterday’s market upsing, with virtually all of the major cryptocurrencies seeing only minor price changes, both red and green, as of press time. Tether (USDT) has meanwhile seen a recovery, having yesterday slipped from its U.S. dollar peg to trade well below its historical price range, briefly dipping as low as $0.925. Market visualization by Coin360 Bitcoin (BTC) is trading at $6,580 at press time, down close to 1 percent on the day, according to CoinMarketCap. During a short-lived spike yesterday, which correlated with Tether’s price drop, Bitcoin traded …
The unconfirmed “partnership” between decentralized internet project TRON (TRX) and China's largest internet search provider Baidu will center on cloud computing resources, not blockchain, according to a report published by ODaily October 15. The report, as cited and translated by local crypto news source CNLedger, states that Baidu Cloud and TRON have closed a deal to cooperate in terms of “basic cloud business”; it claims that both parties will work to maximize intercompatibility and “to build, operate and debug blockchain products” based on Baidu Cloud. However, according to the report, the partnership remains focused on the purchase and use of …
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 15
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Stable coin Tether is being cited as one of the main reasons for the spurt in crypto prices that pushed total market capitalization above $221 billion on Monday (UTC time), but it was not a new issuance of Tether that was the catalyst for upward market movement. There was news circulating about Tether (USDT) …
Monday, Oct. 15: Crypto markets are seeing solid growth, with virtually all of the major cryptocurrencies seeing green as of press time. An outlier in the space is “stablecoin” Tether (USDT), which has today lost its U.S. dollar peg and is trading well below its historical trading range as of press time. Market visualization by Coin360 Tether is currently trading at around $0.96, down about 3.05 percent on the day, according to CoinMarketCap. Although reasons for the USDT price plunge are not confirmed, there have been reports of an alleged loss of market trust leading to a possible sell-off: yesterday, …
Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week CNBC’s Ran Neuner Claims Bitcoin’s Price Is Set To “Explode” Ran Neuner, crypto analyst and host of CNBC’s show Cryptotrader, said this week that the price of Bitcoin is “about to explode.” In a series of tweets, the trader predicted that a notable Bitcoin rally could be tied to the SEC’s upcoming decision …
The team of cryptocurrency project TRON (TRX) has reportedly partnered with China's largest Internet search provider Baidu. Crypto market news service Coinness has claimed this in a tweet Thursday, Oct. 11, citing its private correspondence with TRON’s team. Neither TRON nor Baidu have been able to confirm the partnership to Cointelegraph as of press time. Without specifying the details of the partnership, Coinness has claimed that the deal between TRON and China’s Internet giant Baidu will be “officially” revealed by the cloud storage service Baidu Cloud “next week.” While Coinness claims that TRON has exclusively confirmed the partnership in private …
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, October 12
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision. The market data is provided by the HitBTC exchange. In 2017, Bitcoin (BTC) was being projected as an alternative to gold. Many believed that with its unique properties, the leading digital currency would replace the precious metal as a preferred choice of investment when the markets enter a risky environment. However, during the recent drop in the stock markets, cryptocurrencies were also …
Justin Sun, CEO of decentralized internet startup TRON, has hinted at a forthcoming partnership with an unknown firm valued at “tens of billions of dollars.” The tweet, posted Friday, Oct. 12, gives little information, stating that: “Finally, First time to partner with tens of billions USD valuation industry giant. Guess the name.” Twitter followers were quick to join the guessing game: one proposed Alibaba – Sun is a graduate of Alibaba founder Jack Ma’s Hupan university, as his Twitter profile states, to which another replied: “Alibaba is worth more than 500 billion. Not tens of billions.” Other suggestions included Baidu, …
Friday, Oct. 12: after yesterday’s carnage, crypto markets are seeing some relative price stability. The top cryptocurrencies by market cap are seeing mild movement, both red and green. Market visualization by Coin360 Bitcoin (BTC) has has seen little price action on the day, and is up 0.5 percent to trade at $6,318 as of press time. Ater a strong week of sustained trading around $6,600 – briefly trading as high as almost $6,670 Oct. 8 – the top coin took a plummet yesterday, hitting as low as $6,201. On its weekly chart, its cliff-like performance yesterday has brought Bitcoin down …