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Crypto Markets See Mixed Action While Bitcoin Holds $3,900, US Stocks Rise

Cryptocurrencies see mixed signals on Wednesday, with Bitcoin briefly dropped below $3,900.

Wednesday, March 13 — cryptocurrencies continued trading sideways today, with most of the top 20 cryptocurrencies by market capitalization seeing moderate price changes since yesterday.

Market visualization from Coin360

Market visualization from Coin360

Bitcoin (BTC) has managed to hold the $3,900 price threshold by press time, staying relatively stable since March 6. However, the biggest cryptocurrency dropped below the price point earlier on the day, with the intraday low of $3,891. At press time, Bitcoin is trading at $3,910, down around 0.01 percent over the past 24 hours.

Bitcoin 30-day price chart. Source: CoinMarketCap

Bitcoin 30-day price chart. Source: CoinMarketCap

Ethereum (ETH), the second largest cryptocurrency by market cap, is trading at $133.31, down 0.44 percent over the past 24 hours. The top altcoin is seeing a considerable decline over the past 7 days, down almost 4 percent on a week.

Ethereum 7-day price chart. Source: CoinMarketCap

Ethereum 7-day price chart. Source: CoinMarketCap

Ripple (XRP), the third top cryptocurrency by market cap, is up 1.22 percent to $0.314 at press time. With that, the second top altcoin is still down 0.88 percent over the past 7 days.

Ripple 7-day price chart. Source: CoinMarketCap

Ripple 7-day price chart. Source: CoinMarketCap

Top 20th cryptocurrency Ontology (ONT) is seeing the most growth among the top 20 coins by market cap, up 3.66 percent over the past 24 hours. The largest losses among top 20 do not exceed 2 percent at press time, with Maker (MKR) down 1.62 percent at press time.

Total market capitalization has continued to hover around $134 billion today, while daily trade volume is at $30 billion.

Total market capitalization 7-day chart. Source: CoinMarketCap

Total market capitalization 7-day chart. Source: CoinMarketCap

Earlier today, Thailand’s securities regulator approved the first initial coin offering (ICO) portal in the country. The portal reportedly allows the screening of ICOs, as well as due diligence checks and the confirmation of smart contract source codes and Know Your Customer (KYC) processes.

Yesterday, Bloomberg published an article suggesting that Bitcoin could see another sell off based on key price movement trends. According to the report, technical gauges signaling long-term buying demand for Bitcoin are deteriorating, with the seminal crypto’s Moving Average Convergence Divergence declining since mid-February.

The United States stock market seen growth today as tech shares outperformed, according to a CNBC report. At press time, Dow Jones Industrial Average (DJIA) is up 0.7 percent by 185 points, while S&P 500 (SPX) and Nasdaq (NASDAQ) Composite are both up almost 1 percent.

Oil prices also rose today as U.S. inventories fell by 3.9 million barrels last week, while sanctions stall exports from Venezuela, according to CNBC. West Texas Intermediate (WTI) crude oil is seeing a significant growth of 2.3 percent at press time, while Brent crude oil futures are up 1.3, according to Oilprice.com.

Gold prices almost hit a two-week high today, buoyed by reinforced views that Federal Reserve would be patient on monetary policy, as well as uncertainty over a Brexit deal, CNBC wrote. At press time, spot gold is up around 0.5 percent to $1,309 per ounce, which is the highest level since March 1, while gold futures are seeing a growth of 0.6 percent.

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Crypto Markets Are Trading Sideways, Bitcoin Holds $3,900 Support

The top 20 cryptos by market cap seen mixed signals today, with some coins seeing growth reaching 10 percent.

Tuesday, March 12 — crypto markets are trading sideways, with total market cap hovering between $133–$134 billion, and Bitcoin (BTC) holding $3,900 for the most part of the day.

The top 20 cryptocurrencies by market cap are seeing mixed signals, with losses not exceeding 1.1 percent, while some coins have seen a growth of over 3 percent over 24 hours at press time.

Market visualization from Coin360

Market visualization from Coin360

Bitcoin is trading at $3,912 at press time, up around 0.3 percent over the past 24 hours. The biggest cryptocurrency surged to as high as $3,925 earlier on the day, while the intraday low amounted to $3,863. At press time, Bitcoin is up around 0.7 percent over the past 7 days.

Bitcoin 24-hour price chart. Source: CoinMarketCap

Bitcoin 24-hour price chart. Source: CoinMarketCap

Ethereum (ETH), the second largest cryptocurrency by market capitalization, is trading at $134.27, up 0.4 percent over the past 24 hours at press time. The top altcoin is down about 1.86 percent over the past 7 days.

Today, United States Securities and Exchanges Commission (SEC) Chairman Jay Clayton confirmed that Ethereum and similar cryptocurrencies are not securities under U.S. law. However, according to recent reports, Clayton meant that he agreed that a digital asset’s definition as a security can change over time.

Recently, Ethereum mining pool Sparkpool confirmed that it had come to an arrangement with a user who accidentally sent it over $300,000 in mining fees on March 11.

Ethereum 7-day price chart. Source: CoinMarketCap

Ethereum 7-day price chart. Source: CoinMarketCap

Ripple (XRP), the third top cryptocurrency by market cap, is down 0.03 percent, trading at about $0.3107 at press time. The major altcoin is down around 1.34 percent over the past 7 days.

Ripple 7-day price chart. Source: CoinMarketCap

Ripple 7-day price chart. Source: CoinMarketCap

Dash (DASH), the 15th top coin by market cap, is seeing the biggest growth among top 20 coins by market cap at press time. Up 10 percent, the token is trading at $91.65 at press time.

On the other hand, Cardano (ADA), is down around 0.7 percent today, which is the biggest loss among top 20 cryptos by market cap.

Total market capitalization has been hovering between $133–$134 billion for the most part of the day. Daily trade volume is $32 billion at press time.

Total market capitalization 7-day chart. Source: CoinMarketCap

Total market capitalization 7-day chart. Source: CoinMarketCap

Earlier today, the official wallet by the world’s largest crypto exchange Binance added support for credit card purchases and Ripple’s XRP token. Binance’s Trust Wallet now allows users to purchase XRP, BTC, Bitcoin Cash (BCH), Litecoin (LTC), and ETH with credit or debit card, which followed a partnership with payment operator Simplex.

United States stock markets have seen mixed signals today, with the Dow Jones Industrial Average (DJIA) seeing a decline of 0.25 percent at press time, while S&P 500 (SPX) and Nasdaq (NASDAQ) Composite are up 0.4 percent and 0.6 percent, respectively. According to CNBC, DJIA’s fall took place amidst the drop of Boeing shares that fell more than 6 percent.

Meanwhile, oil prices have grown today, which is allegedly supported by Saudi Arabia’s plan for further voluntary supply curbs in April and by a reduction of oil exports from Venezuela due to a power outage, as CNBC reports. The global benchmark Brent crude and West Texas Intermediate (WTI) crude oil are up 0.2 percent and 0.25 percent, respectively, while OPEC has jumped 1.9 percent at press time, according to Oilprice.com.

Gold prices have also seen some growth on Tuesday, reportedly supported by a retreat in the U.S. dollar amidst Brexit negotiations between the European Union and United Kingdom, according to CNBC. Spot gold is up around 0.6 percent, while U.S. gold futures are up almost 0.9 percent at press time.

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Next Google or Next MySpace? Exchange Takes Risk Out of Investing in New Cryptocurrencies

A crypto exchange is giving the public a chance to invest in the top-25 digital assets in terms of market capitalization — all through one service token.

An exchange has launched a new service designed to take the guesswork out of investing in cryptocurrencies.

Lykke says that it is often difficult for crypto users to know where digital assets they’ve acquired will be in the future. They could be the next Google, something that’s going to rise astronomically in the years to come. But on the other hand, they could turn out to be the next MySpace — popular until something else comes along.

The exchange has created a service token called LyCI, which enables users to access the top-25 cryptocurrencies based on their market capitalization. Lykke says it is “rebalanced minute by minute, which means as cryptos gain and fall out of favor, you get a piece of this action as it is happening.”

According to the company, this allows people who are interested in getting involved in cryptocurrencies to receive a helping hand in diversifying their portfolio, without the need to have a forensic knowledge about where the market is heading next. Lykke’s website explains: “As soon as an asset starts to devalue, LyCI starts reducing your position in it, and increases your position in the appreciating assets.”

Top-25 with one click

Lykke says that its LyCI service token amounts to the “next generation of crypto,” giving investors a chance to back the industry’s most successful projects without having to take a view on “the next Bitcoin” themselves.

It describes LyCI as a “simple, accessible and tradable” ERC-20 token and says that its service is accompanied by a low fee of 1.45 percent per year — a fee that is deducted upon settlement.

Lykke is available here

In a blog post written toward the end of January 2019, Lykke offered a snapshot of how its index fund was weighted — stressing that this was likely to change over time. While 59 percent was held in Bitcoin, 12 percent was held in Ripple and 11 percent in Ethereum. Other assets included in the index, albeit in much smaller quantities, include Bitcoin Cash, EOS, Litecoin, Monero, Dash, Neo and even Dogecoin.

Explaining its rationale for launching the service token, Lykke says that it wants to help those who have only backed traditional investment products to find out more about what crypto assets have to offer. In a Medium blog post, the team added: “The LyCI service token (pronounced ‘Lucy’) enables professionals and newcomers alike to participate in the crypto revolution, while diversifying the risk that is often associated with blockchain technology.”

Tracking strong assets

Lykke argues that LyCI offers an attractive alternative for investors who have been growing concerned about the shifts seen in the traditional economy — delivering a simplified path for those who have found the cryptocurrency world too complicated to contemplate in the past.

The exchange’s CEO, Richard Olsen, added: “With the collapse of cryptos in 2018, investors are sitting on losses. They own BTC, ETH, EOS or AltCoins and have to decide if they should just stick with their holdings or switch to another crypto with a better outlook. Buying another crypto is risky, because their timing may be wrong.”

Olsen says the service token means that investors no longer need to ”hodl” — crypto speak for holding on to digital assets in the hope things improve over time.

Lykke sells itself as a crypto exchange of “Swiss quality” and says its priority is offering secure storage and peace of mind for those who are buying their first Bitcoin. In a quest for simplicity, purchases can be made using credit cards and bank transfers, and users get the chance to monitor how their crypto assets are progressing through a wallet “packed with simple yet powerful features.” The company says it offers zero trading fees, and also allows users to trade their crypto for fiat.

Learn more about Lykke

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

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Crypto Markets Recover $5 Billion Lost on Monday, Bitcoin Tests $3,900 Support

Total cryptocurrencies market cap gained back the lost $5 billion yesterday, Bitcoin trades above $3,800 again.

Tuesday, March 5 — crypto markets have seen a healthy wave of green, with all of the top 20 cryptos seeing a firm recovery after yesterday’s sell off, according to data from CoinMarketCap.

Litecoin (LTC), the fourth cryptocurrency by market cap, is up almost 12 percent over the day, seeing gains of more than 13 percent over the past 7 days.

Binance Coin (BNB), the top 20 entrant native to the world’s biggest crypto exchange Binance, is up around 20 percent. The coin is seeing enormous growth over the week, up around 40 percent at press time.

Market visualization from Coin360

Market visualization from Coin360

Largest cryptocurrency Bitcoin (BTC) has climbed back up to its $3,800 support, trading currently at $3,876, up more than 3 percent over the past 24 hours at press time. Bitcoin has managed to recover its weekly losses, up around 0.3 percent over the past 7 days. With that, Bitcoin’s dominance on the market has slightly dropped from yesterday’s 52.5 percent to 51.9, according to CoinMarketCap.

Bitcoin 7-day price chart. Source: CoinMarketCap

Bitcoin 7-day price chart. Source: CoinMarketCap

Ethereum (ETH), the second cryptocurrency by market cap, is up almost 7 percent, trading at $135.6 at press time. However, the top altcoin is still down some 1.7 percent over the past 7 days.

Ethereum 7-day price chart. Source: CoinMarketCap

Ethereum 7-day price chart. Source: CoinMarketCap

Ripple (XRP), the third-top cryptocurrency by market cap, is up 3 percent, trading at $0.314 at press time. Following major losses during the week, Ripple is still down more than 2 percent over the past 7 days.

Ripple 7-day price chart. Source: CoinMarketCap

Ripple 7-day price chart. Source: CoinMarketCap

While the most of top 20 cryptos by market cap are still in the red in weekly terms, EOS (EOS) is up around 3 percent over the past 7 days. In contrast, Bitcoin SV (BSV), the Craig Wright-supported hard fork of Bitcoin Cash (BCH), is seeing the biggest losses over the week, down around 8 percent.

Total market capitalization is up to $130 billion from yesterday’s low of $125 billion, with daily trade volume also seeing an increase to $30 billion. The number of cryptocurrencies listed on CoinMarketCap accounts for 2,101 coins at press time.

Total market capitalization 7-day chart. Source: CoinMarketCap

Total market capitalization 7-day chart. Source: CoinMarketCap

Recently, crypto industry news outlet The Block reported that international coffee giant Starbucks will start accepting Bitcoin payments, which will be instantly converted into fiat, after an equity deal. Starbucks, already known as a founding partner in United States digital asset platform Bakkt, will reportedly support Bakkt software to allow U.S. customers to pay for products.

Earlier today, Cointelegraph reported on French retail giant Carrefour having continued blockchain development by releasing a new distributed ledger technology (DLT)-powered product for tracking milk.

U.S. stock futures reportedly opened flat today after seeing sufficient growth on Monday, as investors weighed ongoing trade talks with China, according to CNBC. At press time, the Dow Jones Industrial Average (DJIA) is down around 0.8 percent, while the S&P 500 (SPX) and Nasdaq (NASDAQ) Composite are down 0.4 and 0.2 percent respectively.

Meanwhile, oil prices have risen on Tuesday amid OPEC’s efforts to tighten supply offset, the restart of Libya’s biggest oilfield and the prospect of weaker demand, CNBC reports. According to Oilprice.com, international benchmark Brent crude is up around 0.05 percent to $65.7, while U.S. West Texas Intermediate crude (WTI) is up 0.23 percent to $56.7 at press time.

After seeing a low of more than five weeks, gold prices are still in the red, with spot gold down around 0.6 percent to $1,285 per ounce and U.S. gold futures down 0.5 percent to $1,287 at press time.

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Crypto Markets See Major Losses, While Stocks Rise as US-China Talks Expected to End

All of the top 20 cryptos by market cap are in the red on Monday, while the U.S. stock market has seen a wave of green.

Monday, March 4 — crypto markets have slid today, with Bitcoin (BTC) having failed to hold the $3,800 price point. All of the top 20 coins by market cap are seeing major losses, according to CoinMarketCap.

Market visualization from Coin360

Market visualization from Coin360

Bitcoin is trading at $3,760 at press time, down around 2.4 percent over the past 24 hours. After Bitcoin saw relative stability around $3,850 starting from Feb. 25, the major cryptocurrency had dipped to as low as $3,733 earlier today. Bitcoin is down 2.7 percent over the past 7 days.

While all major markets are seeing red, Bitcoin is seeing a slight increase in terms of dominance on the market. Bitcoin’s market cap has grown around 0.4 percent today, according to CoinMarketCap.

Bitcoin 24-hour price chart. Source: CoinMarketCap

Bitcoin 24-hour price chart. Source: CoinMarketCap

Ethereum (ETH), the second-ranked cryptocurrency by market cap, is down 4.6 percent over the day, trading at around $127.14. The top altcoin is seeing a massive decline over the past 7 days, down around 9 percent.

Ethereum 7-day price chart. Source: CoinMarketCap

Ethereum 7-day price chart. Source: CoinMarketCap

Ripple (XRP), the third-top cryptocurrency by market cap, is trading at $0.305, down 2.7 percent over the past 24 hours at press time. Over the past 7 days, Ripple is down about 3 percent.

Ripple 7-day price chart. Source: CoinMarketCap

Ripple 7-day price chart. Source: CoinMarketCap

EOS (EOS), ranked fourth, is seeing the biggest losses among the top 20 coins. The altcoin is down 8 percent over the day, while losses over the week account for around 9 percent.

Litecoin (LTC) and Binance Coin (BNB) are the only two coins that hold weekly gains at press time. BNB is up around 13 percent over the past 7 days, while Litecoin holds around 1.4 percent gains on the week.

Total market capitalization dropped to $125 billion today after hovering around $130 billion earlier on the week. Daily trade volume is around $27 billion at press time.

Total market capitalization 7-day chart. Source: CoinMarketCap

Total market capitalization 7-day chart. Source: CoinMarketCap

Yesterday, Cointelegraph reported on new research suggesting that Canadian crypto exchange QuadrigaCX allegedly stored a large amount of Ethereum in other crypto exchanges. According to the findings, QuadrigaCX had accounts on major exchanges such as Bitfinex and Poloniex, with funds worth over $100 million.

In February, Cointelegraph reported that the exchange was missing $145 million in digital assets after the death of its founder, who had allegedly stored the exchange’s crypto holdings on cold wallets.

The United States stock market rose today as the U.S.-China trade talks approached their end, bringing more anticipation for a deal, CNBC reports. Earlier today, the Dow Jones Industrial Average (DJIA) climbed 44 points as Caterpillar and Apple outperformed. At press time, DJIA is up 19 points with the growth of about 0.1 percent, while the S&P 500 and the Nasdaq Composite increased 0.25 and 0.33 percent respectively.

Similarly, amidst the reports about the U.S. and China finalizing trade talks, oil prices recovered today, also supported by OPEC output cuts. At press time, West Texas Intermediate (WTI) crude oil is up more than 1.7 percent, while international benchmark Brent crude is up about 1.5 percent, according to Oilprice.com.

On the other hand, gold prices have seen a decline today, experiencing the lowest point over a more than five week period as the U.S. dollar was firm and investors allegedly opted for riskier assets in anticipation for the end of U.S.-China trade talks, according to CNBC. Spot gold is down 0.7 percent to $1,284 per ounce at press time, while gold futures have tumbled more than 1 percent to $1,285 per ounce.

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After a Brief Decline, Crypto Market Cap Is Stable Around $130 Billion, Stocks Are Down

Crypto markets capitalization has been hovering around $130 billion after a major sell off on Feb. 24.

Thursday, Feb. 28 — crypto markets continued trading sideways, while the total market capitalization has remained stable around $130 billion after a major sell off on Feb. 24, according to CoinMarketCap.

Market visualization from Coin360

Market visualization from Coin360

Bitcoin (BTC) is trading around $3,865, up around 0.3 percent over the past 24 hours at press time. With that, the biggest crypto has seen some volatility on the day, with its intraday low of $3,787, and the high of $3,906. After the Sunday sell off, Bitcoin is down 2.15 percent over the past seven days.

Bitcoin 24-hour price chart. Source: CoinMarketCap

Bitcoin 24-hour price chart. Source: CoinMarketCap

The top altcoin Ethereum (ETH) is up less than 0.1 percent, and is trading at $137.23 at press time. The second crypto by market cap is down about 6 percent over the past seven days. Earlier today, Ethereum dropped to as low as $131.6.

Meanwhile, major upgrades of Ethereum blockchain are set to take place soon today, with both Constantinople and St. Petersburg updates scheduled to happen at Ethereum’s block 7,280,000. According to Ethereum block explorer Etherscan the Constantinople upgrade will be activated in less than one hour from press time.

Ethereum 24-hour price chart. Source: CoinMarketCap

Ethereum 24-hour price chart. Source: CoinMarketCap

Ripple (XRP), the third top cryptocurrency by market cap, is down about 0.2 percent over the day, and is trading at $0.314 at press time. Similarly to the overall trend on the market, Ripple has seen a major dip today before recovering, having dropped to as low as $0.309 earlier today. Over the past 7 days, XRP is down about two percent.

Ripple 24-day price chart. Source: CoinMarketCap

Ripple 24-day price chart. Source: CoinMarketCap

Some of the top 20 coins are seeing more volatility on the day. Binance Coin (BNB), the tenth largest coin by market cap, is up 4.17 percent, and is trading at $10.36. In contrast, Bitcoin SV (BSV) the Craig Wright-supported hard fork of Bitcoin Cash (BCH), is down around 3.3 percent, but is still up three percent over the past seven days.

Total market cap amounts to $130 billion at press time, while daily trading volume has slightly rose to $29 billion from around $26 billion yesterday.

Total market capitalization 7-day chart. Source: CoinMarketCap

Total market capitalization 7-day chart. Source: CoinMarketCap

Earlier today, Bloomberg reported that Singapore’s Government Investment Corporation (GIC) was one of the investors that helped to raise $300 million for major United States crypto wallet provider and exchange service Coinbase in 2018.

Also today, the New York Times (NYT) posted an article alleging that social media giant Facebook is planning a highly secretive crypto initiative that intends to integrate its three fully-owned applications including WhatsApp, Facebook Messenger, and Instagram, and create a token with exposure to its totally combined 2.7 billion monthly users.

The United States stock market tumbled today amidst talks between President Donald Trump and North Korean leader Kim Jong Un, as CNBC reported. At press time, The Dow Jones Industrial Average (DJIA) is down 36 points, while S&P 500 dropped around 0.1 percent at press time. The Nasdaq Composite slipped 0.04 percent as of press time.

Oil prices have followed the downtrend of stocks, after U.S.-North Korea nuclear negotiations ended with no deal, according to The Wall Street Journal. However, at press time, oil prices are seeing some growth, with West Texas Intermediate (WTI) crude oil and OPEC basket having rose around 0.3 and 1.3 percent respectively, according to Oilprice.com. On the other hand, Brent crude is down 0.4 percent.

According to CNBC, gold prices have almost touched its two-week lows, as the dollar recovered losses after comments from U.S. Trade Representative who weakened investors’ expectations for a closure to the tariff war with China. As of press time, spot gold is down 0.38 percent at $1,315 per ounce, while U.S. gold futures are down around 0.4 percent at $1,314.

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0x (ZRX) Latest News to Stay Updated and Price Movement

ZeroX – 0x is a protocol that promotes low friction peer-to-peer exchange of ERC20 tokens on the Ethereum blockchain.

The protocol is designed to serve as an open standard and basic building block, running interoperability among decentralized applications (DApps) that include exchange functionality. An Ethereum Smart contract system, which is free to apply, publicly available and any Decentralized Application can be attached to it, supports are runs the show for traders. The 0x coin is an ERC20 token, and over 500 different cryptocurrencies have issued this class of token.

– Just over a week ago, in working together with Coinlist, the team behind 0x run the 2019 Hackathon with many-many participants competing for the first places to collect the rewards and highlight their ideas.

There were over 700 registrations for the hackathon, with final submissions from 50+ teams from 30 countries. Thank you to all that joined our hackathon and built innovative products for the 0x ecosystem… Beyond engaging with teams from around the world for the past month, the hackathon gave the 0x team an opportunity to learn how we can improve our documentation and tooling to better serve developers integrating 0x…

According to the team’s blog post – the winners for the first place collecting $10,000 and second $5,000 were Tokenary [which opens gates for offline and online user exchanging of cryptoassets with friends nearby – they utilize the Zerox Protocol to trustlessly execute these trades.]  and Cash Flow Relay [2nd place – a place to trade C2FC or Commitments to Future Cash Flows which makes it possible for businesses to present future cash flows in the form of token which are easily tradable with the 0x token].

– To make sure that decentralized applications [dapps] developers are developing on the right path of the law on the 0x blockchain network platform, the team has showcased plans for a couple of legal resources to help devs in the ecosystem.

Strategic Legal Counsel of the core team – Jason Somensato, via a blog post has rolled out a couple of resources that could possibly help devs better understand some of the key legal issues.

The first project is an open source legal reference resource designed specifically for developer teams building projects that may integrate 0x or other open decentralized financial protocols. This resource consists of two parts: (1) The 0x Legal Wiki summarizes some of the key U.S. laws that may impact projects built on 0x; (2) The 0x Legal Library is a collection of links to important cases, statements from regulators, and commentary by others within the legal community addressing the application of these laws to the crypto industry.

Per time of writing, the pair ZRX/USD is one of the only in the green after the speedy decline which the complete crypto-market experienced two days ago. ZRX is changing hands against the US Dollar at $0.2615 counting 5.16% in the green leading the BTC market for 5.38%. With a market cap of $152.7 million 0x stands as the 34th largest coin by market capitalization.

The post 0x (ZRX) Latest News to Stay Updated and Price Movement appeared first on Ethereum World News.

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Bitcoin Price Near $3,400, Wider Crypto Markets See Another Mild Slump

After seeing a small rebound yesterday, crypto markets are again in the red, Bitcoin trading around $3,400.

Thursday, Dec. 13: after seeing a small rebound yesterday, crypto markets are experiencing another mild decline, with 19 out of the top 20 cryptocurrencies by market cap in red.

Market visualization from Coin360

Top cryptocurrency Bitcoin (BTC) has not managed to hold $3,500 support, dropping to as low as $3,406 earlier today. As of press time, the coin is trading at $3,417, down about 2 percent over the past 24 hours. The leading coin is down about 6.5 percent over the past 7 days by press time.

Bitcoin 24-hour price chart. Source: CoinMarketCap Bitcoin Price Index

Ripple (XRP), the second largest cryptocurrency by market cap, is down 1.4 percent over the 24-hour period, and is trading around 0.30 at press time.

Ripple 24-hour price chart. Source: CoinMarketCap Ripple Price Index

After growing to as high as $92 per coin yesterday, third largest coin Ethereum (ETH) has again dropped below the $90 price point today. At press time, the coin is trading around $90.30, down 1.3 percent over the past 24 hours to press time.

Recently, major Ethereum software client Go Ethereum (Geth) published new code that includes the activation time for the upcoming upgrade, or hard fork, of the Ethereum blockchain, Constantinople. The code update follows Ethereum developers’ recent decision to launch the hard fork at block 7,080,000, which is estimated to happen around Jan. 14, 2019.

Ethereum 24-hour price chart. Source: CoinMarketCap Ethereum Price Index

Bitcoin SV (BSV), the coin recently formed in a hard fork of Bitcoin Cash (BCH), is again seeing the most losses among top 20 crypto markets. The coin is down over 8 percent over the past 24 hours and is trading at $82.96. Bitcoin Cash is close behind, down almost 8 percent and trading at $95.1.

While the 20 top currencies by market cap have experienced some mostly mild losses today, the major markets have also seen a new entrant into the top 20 ranks; cryptocurrency and governance token Maker (MKR) is up a whopping 33.8 percent on the day and has overtaken ZCash (ZEC) in terms of market cap, reaching 19th place.

Total market capitalization of all cryptocurrencies has again dipped below $110 billion after touching $112 billion yesterday, Dec. 12. At press time, the total market cap amounts to $108.6 billion, while daily crypto trade volume accounts for $10.7 billion.

Total market capitalization 7-day chart. Source: CoinMarketCap

Earlier today, the Cambridge Centre for Alternative Finance reported that the cryptocurrency industry has seen the entry of 17 million new “verified users” this year. According to the study, the amount of crypto users has increased by almost 50 percent, growing from 18 million to 35 million.

Yesterday, Dec. 12, Berlin-based fintech company SolarisBank announced partnership with major European stock exchange The Stuttgart Exchange (Boerse Stuttgart Group) in order to develop infrastructure for a cryptocurrency exchange. Founded in 1860, the Stuttgart Exchange is the second-largest exchange in Germany. In May this year, the exchange launched a zero-fee crypto trading app called Bison.

Recently, Mike Novogratz, founder of crypto bank Galaxy Digital, argued that Bitcoin is “not going to zero,” comparing the current state of crypto markets to a “methadone clinic.” Novogratz explained that last year’s “speculative mania” that lead Bitcoin’s to reach almost $20,000 per coin is gone and the crypto community is “more sober now.”

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Crypto Markets See Modest Gains, Bitcoin Rises Above $3,400

Crypto markets have overcome yesterday’s downturn, as the top 20 coins are seeing green across the board.

Wednesday, Dec. 12: Cryptocurrency markets have seen moderate gains on the day, with all top 20 coins by market capitalization in the green, according to Cointelegraph’s Coin360.

Market visualization from Coin360

Market visualization from Coin360

Bitcoin (BTC) began the day around $3,414, subsequently reaching its intraday high of $3,534. At press time, the major coin is trading at $3,499, up 2.21 percent over the last 24 hours.

Bitcoin daily price chart. Source: CoinMarketCap

Bitcoin daily price chart. Source: CoinMarketCap

Today, Cointelegraph reported that the R&D lab at crypto startup TenX has tested the use of its cross-blockchain interoperability protocol to exchange ERC-20 tokens. The goal was to exchange the tokens — which run on the Ethereum (ETH) platform but are not strictly “native” since they rely on invoking a smart contract to transfer ownership — for Bitcoin’s smallest transactable unit, known as “Satoshi,” using the second-layer scalability Lightning Network protocol.

The second largest cryptocurrency Ripple (XRP) has taken an upturn and is currently trading at $0.308 at press time, up 2.36 percent on the day. On its weekly chart, the coin is down over 9 percent, while its lowest price point was around $0.29 on Dec. 7.

XRP 7-day price chart. Source: CoinMarketCap

XRP 7-day price chart. Source: CoinMarketCap

The third cryptocurrency by market cap, Ethereum, is currently trading at $91.41,up by 2.77 percent over the last 24 hours. The coin has seen substantial losses over the last week, down more than 12 percent.

Ethereum 7-day price chart. Source: CoinMarketCap

Ethereum 7-day price chart. Source: CoinMarketCap

After experiencing a massive increase following its hard fork from Bitcoin Cash (BCH), Bitcoin SV (BSV) saw a drop of over 6 percent yesterday, Dec. 11. Today the altcoin is trading sideways, and is neither up nor down over the last 24 hours. BSV is trading at 90.14 at press time, according to CoinMarketCap.

Yesterday, the Malta-based cryptocurrency exchange OKEx announced that it will list Bitcoin Cash ABC under the original Bitcoin Cash ticker BCH. It will also change the Bitcoin Cash SV ticker from BCHSV to BSV.

BCH has also seen some gains over the last day, up 1.8 percent. The altcoin is trading around $103 at press time.

On its weekly overview, BCH has experienced considerable losses, down almost 23 percent. The coin’s highest price point on the week was $133.37 on Dec. 6, and subsequently dropped as low as $97.80.

Among all top twenty coins, only Tezos (XTZ) has registered double-digit gains, up 13.82 percent over the day. The altcoin is trading at $0.415 at press time.

Total market capitalization of all cryptocurrencies is around $110.9 billion at press time, according to CoinMarketCap. Daily trade volume is around $11.8 billion, up from around $107.8 billion at the beginning of the day.

Meanwhile, the Canadian city of Calgary, Alberta launched its own digital currency. Calgary Dollars work through a smartphone app that lists shops and restaurants that participate in the program. Citizens can spend their Calgary Dollars to pay for lunch, make a donation to some of Calgary’s nonprofits or buy municipal transport tickets.

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Markets Fail to Hold Yesterday’s Gains, Bitcoin Trades Below $3,500

Crypto markets have failed to hold on to gains from Dec. 9, with Bitcoin trading below $3,500 again.

Monday, Dec. 10: Crypto markets have failed to hold another recovery attempt, with nearly all top 20 coins by market capitalization in the red as of press time.

After a slight bump yesterday, Dec. 9, with Bitcoin (BTC) seeing its price grow from around $3,400 to more than $3,600, markets are seeing another decline as losses over the 24-hour period for some major coins reach more than 9 percent, according to CoinMarketCap.

Market visualization from Coin360

Market visualization from Coin360

The top cryptocurrency Bitcoin is down by 4.59 percent, trading at $3,474 at press time. As noted earlier today, the Bitcoin volatility index has recently spiked threefold on the month, following a period of price stability.

Exactly one year ago, on Dec. 10, 2017, the price of Bitcoin was $17,102 per coin, almost 80 percent higher than the price of Bitcoin today. Bitcoin’s market share index is 55 percent, down from 62.4 percent exactly one year ago, according to data from CoinMarketCap.

Bitcoin all-time price chart. Source: CoinMarketCap

Bitcoin all-time price chart. Source: CoinMarketCap

The second cryptocurrency by market cap, Ripple (XRP), is seeing more losses today, down almost 5 percent over the past 24 hours and trading at $0.301 at press time.

XRP 7-day price chart. Source: CoinMarketCap

XRP 7-day price chart. Source: CoinMarketCap

After dropping below the $100 price point on Dec. 6, major altcoin Ethereum (ETH) has dipped to as low as $90 per coin earlier today. The altcoin is trading at $90.99 at press time, down almost 6 percent over the 24-hour period.

Dash is seeing the biggest losses among the top 20 coins at press time, with its price down 9.58 percent, and trading at $68.14.

Total market capitalization is $110 billion at press time, down from $115 billion at the beginning of the day. Daily trade volume is $13 billion at press time.

Total market capitalization 7-day chart. Source: CoinMarketCap

Total market capitalization 7-day chart. Source: CoinMarketCap

Recently, the Indian government reportedly suggested new regulations to entirely ban cryptocurrencies in the country. According to anonymous sources, a government panel “has categorically said” that the crypto operations should be considered illegal and monitored by India’s central banking institution the Reserve Bank of India (RBI).

While India may soon join the list of anti-crypto countries like China, some European countries have taken a more crypto-friendly regulatory approach. The British Parliament is purportedly considering allowing payments to local authorities and utility providers with Bitcoin. In late November, Liechtenstein authorities granted a license to Cryptoassets Exchange (LCX) to operate as a fully regulated blockchain ecosystem.

Meanwhile, the crypto industry’s mining sector continues to struggle, with China-based mining giant Bitmain reportedly closing its development center in Israel, as well as laying off local staff.