Cryptocurrency market prices are down and have been free falling since January 16th. A massive correction is taking place everywhere. Everything in top 10 lost up to 50% value. Massive red flags can be seen down to the top 100 cryptocurrencies by market capitalization. The total market valuation declined from 700$ billion to under 440$ billion in a 48-hour window. The market is still unstable and a lot of support has come to recover it.
BitConnect (BCC), known as the Ponzi scheme platform, has announced that its closing its lending platform and cryptocurrency exchange. The decision has been taken because of different reasons, including a DDos Attack and legal problems with regulatory agencies in the United States.
Not many people are familiar with it, and for those who know it they may have probably forgotten about it. Some may have not even heard of it before. It is the Ethereum Classic (ETC). The younger brother of mainstream Ethereum (ETH). It was birthed back in the year 2016 after a fork. Unfortunately, it […]
Russian President, Vladimir Putin, has proposed the creation of a multinational cryptocurrency. The BRICS and the Eurasian Economic Union (EEU) countries will be united by a new common cryptocurrency. Something similar happened when the BRICS Bank was created in 2014/15. The intention is to empower emerging economies and bring them together to potentiate their growth and links.
Russia can soon legalize cryptocurrencies in its territory. According to a bill drafted by the Russian Ministry of Finance, cryptocurrency trading will be legal on approved exchanges. The local news agency RNS has informed about this decision.
The year 2017 was quite friendly to the Ethereum coin. Multiple ICOs used it to distribute their tokens and it experienced significant partnerships in the crypto world. In addition, network congestion in Bitcoin resulted in many crypto traders and investors moving to the Ethereum network. Equally important is the fact that major exchanges have included […]