March 21, 2018

North American Bitcoin Conference: Cryptocurrency Event Stops Accepting Bitcoin

12 January 2018, 06:18 | Opal Carroll

Global chart of market capitalization of cryptocurrencies

Global chart of market capitalization of cryptocurrencies

The cryptocurrency market gained more prominence in mainstream investing circles throughout 2017. "By removing that, it looks like the market cap fell by 30 percent and so people rushed to sell because they're not sure what's happening". The blockchain provides a trusted, peer-to-peer transfer of value on a distributed public ledger that records every transaction and is immune to tampering. Charles Hoskinson, Cofounder of Ethereum said the cryptocurrency market would flourish after bitcoin alternatives that lack potential will fail. Sensing opportunity, investors flocked online, looking for the next big thing.

However, new investors must be careful to understand cryptocurrencies before entering the market.

Ripple is already ahead of the pack in terms of real-world use, but it could do more to demonstrate the need for XRP. This hunt has given rise to more than a handful of virtual coins that have risen by over 10,000%, 100,000%, and, in very rare cases, beyond 1,000,000%. While this is far from the dizzying heights of late 2017, it is holding strong as the largest - and still the most widely-adopted - option.

The Ripple reported a 18% drop to 1.96 United States dollars after losing 13.36% on its first day of the week. The digital coin has lost 25% of its value in the past 24 hours, according to Coinmarketcap.

If you are interested in trading Bitcoin, Bitcoin Cash or Ethereum we can offer you a wide range of free resources to help you.

CES Loses Power For 2 Hours, Maybe Make Electronics For That?
Power outage causes attendees to evacuate Central Hall at CES in Las Vegas on Wednesday, Jan. 10th, 2018. At Intel's booth, a woman played the violin to entertain the attendees caught in the dark.

"Early cryptocurrency believers have been financially and socially rewarded for taking a risk on early investments". As on December 14, the total value (market capitalisation - price multiplied with currency in circulation) of these currencies was $514 billion.

At the time of writing, a single coin is valued at $2.35 (£1.74), on a slight downward trajectory. However, in recent weeks, several other cryptocurrencies have gotten some major attention from investors and the media. The Ripple managed to cement a massive gain which gave Ethereum a run for its money and dethroning it as the second most popular digital currency in the world.

With a total worth of more than $40bn, a single coin now costs $2,392 (£1,766). While some experts believe it could make the ecosystem healthier, others believe that considering the sheer trading volume coming from the South Korean market, and strict regulations imposed by the government to regulate the sector, South Korean rates should be considered in calculating the global average price.

Still, it is not the first attempt of XRP coin to get the same popular status as Ethereum or Litecoin have, and despite all of the both positive and negative statements about it, with prompt support from institutional investors it has a chance to reach its goals. Litecoin's algorithm also makes it hard to build Application-Specific Integrated Circuits (ASIC), the likes of which are used to mine Bitcoin, and have been criticised for the massive electricity consumption that goes into mining the cryptocurrency, leading to long-term scalability problems.

Other News

Trending Now

Razer releases Project Linda
Project Linda is the company's new 13.3-inch laptop, which is powered by its a year ago launched Android-based Razer phone . It'll be a shame to see Project Linda go to docks, but even if Razer comes up with the commercial launch, it won't be cheap.

Trump shuts down his phony voting integrity commission
A White House statement on Trump's order blamed numerous states for refusing to provide voter information. DONALD TRUMP has scrapped a commission into allegations of voter fraud at the 2016 election .

Fire crews tackle blaze at recycling plant in Dublin
But people with breathing difficulties are being advised to avoid the area until the remainder of the smoke plume is gone. EMERGENCY SERVICES ARE attending what appears to be a huge fire at St Margaret's metal recycling plant in north Dublin.

AAP's Rajya Sabha ticket row: Economy has suffered immensely, says ND Gupta
The three seats will fall vacant as the terms of Karan Singh, Janardhan Dwivedi and Parvez Hashmi will end on January 27. Mr Vishwas said that it is "difficult to survive in the the Aam Aadmi Party if one disagrees with Kejriwal".

Everton in talks with Arsenal to sign Theo Walcott - Sam Allardyce
Tosun told the club's official website: "I can say that I am a very good and unsafe striker when I am in the penalty box". Malcom could be set to replace Walcott at the Emirates with the England winger closing in on a move to Everton .

Why Traders Are Chasing Domino's Pizza, Inc. (DPZ), Air Lease Corporation (AL)
Qualcomm Inc decreased its stake in Qualcomm Inc (QCOM) by 2.35% based on its latest 2017Q3 regulatory filing with the SEC. Pacific Glob Management Company invested in 8,558 shares. 67 funds opened positions while 219 raised stakes. (NYSE: DPZ ).

Jacob Zuma relents on inquiry into South African state capture
Judges have said the commission of inquiry must complete its work within six months of being established. Zuma said in a statement: "The matter can not wait any longer".

Final Remix Coming To Nintendo Switch With New Content
The game will include the base game, as well as a new "beginner-friendly" mode that lets players enjoy the game as Funky Kong. Who doesn't love the fluff ball that is Kirby? The game will be called Kirby Star Allies and is set to release on March 16th.

Serge Ibaka, James Johnson Ejected From Heat-Raptors Game After Throwing Punches
Hardaway, a fifth-year guard out of MI , is averaging 17.8 points and 3.3 assists through 21 games this season. The Raptors did get to the line more often, but the lack of the three-point game was tough to overcome.

Instagram could soon allow to post Stories directly to WhatsApp
There could be a few reasons for Facebook to choose to make the Instagram Stories shareable on other platforms such as WhatsApp . When Instagram users press the "add to story" button, they will see a new menu with the option to share to WhatsApp .