The latest recession in the cryptocurrency market has caused a sharp fall in the valuations of several altcoins, many of which are on the verge to get extinct.
For the third time in the last one-month Tether has issued $50 million in USDT tokens as the company’s circulating market cap reaches $2.5 billion.
Yale economists Aleh Tsyvinski and Yukun Liu have come up with a study showing that cryptocurrency markets move depending on the type of attention they receive.
According to Union Bank of Switzerland (UBS), Bitcoin’s extreme volatility and instability put too much limitations on it to be considered as a mainstream asset class.
Here is a look at the latest developments and expert opinions on Bitcoin, the cryptocurrency market regulations and the arrival of Bitcoin ETF.
The SEC argued that the rule changes to tackle fraud and manipulation made by BZX exchange did not meet the requirements of Exchange Act and the commission’s existing guidelines.
Bitcoin finally hits the $8000 benchmark as the daily trading volumes reach close to $6 billion. With this, Bitcoin posts 20% gains in the last one week.
Experts believe that with trading volumes touch the $1 billion mark across all exchanges, the bullish trend in Bitcoin can continue further.
Billionaire investor Marc Lasry supported crypto optimists, saying that the price of bitcoin could reach up to $40,000 as it becomes more accepted and easier to trade.
3 transactions per second – that is the current capacity of Bitcoin. The price of the cryptocurrency is closely tied to its ability to process at least as many transactions as the traditional financial services. The Lightning Network may be the solution, but the mass adoption of this technology is likely to face some problems.
Thomas Lee has updated his Bitcoin price forecast for this year. Now he predicts that it will reach $22,000 in 2018 instead of $25,000.
Kelly believes that the current developments in the cryptocurrency market might give a short-term pain but will prove to be fruitful in the long-run.
Following the examples of its main rivals, Bitcoin mining chip maker Ebang Communication intends to go public and offer its stock on the HKEX.