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As the Year of the Earth Pig has come, it is time to look back at what happened during the previous year. Happy Chinese New Year! As the Year of the Yellow Mountain Dog has drawn to a close, it is time to look back at what happened. While there was a promising start in January 2018, when most altcoins were enjoying their all-time highs, the bear eventually took over, and the market delved into the so-called “Crypto Winter.” Nevertheless, there was good news, too: The United States regulators expressed their desire to stick to “positive regulation,” while big league investors poured some funds into a number of promising, compliant crypto projects (mostly stablecoins). Here is what was happening month-by-month, along with the main takeaways. January 2018Japanese crypto exchange Coincheck was hacked, overtaking the infamous 2014 Mt.Gox collapse — an industry-record-breaking $532 million worth of NEM tokens was stolen this time. Despite the amount of damage, Coincheck has managed to stead..
Ethereum-based mobile app Status is laying off 25 percent of its staff following the crypto market crash. Ethereum (ETH)-based chat platform Status is laying off 25 percent of its staff due to the recent cryptocurrency market decline, according to a post published Dec. 11. Founded in 2017 in Switzerland, Status is an open source Ethereum-based mobile app that enables its users to chat, transact, and access decentralized applications (DApps). In the announcement, the startup's co-founder Jarrad Hope said that Status is “much larger than we can sustain” in the environment of the declining market, wherein the company was not prepared for scenarios of ETH dropping over 80 percent since August. “This was compounded by not having solid banking partners due to the difficulty in opening banking accounts for crypto projects until Q2 of this year, and have been hedging since then accordingly,” the announcement further reads. According to Status, 25 percent of its staff is “non-essential” t..
This year, every cryptocurrency lost. From BTC to altcoins, the bearish market has been dominant. While every cryptocurrency suffered the negative effect of the market, some suffered more than others. In fact, some cryptocurrency projects will have to shut down because of a lack of funds. As altcoins fall, BTC continues to lead as the most valuable cryptocurrency in the world. Apart from taking the lead as the most valuable, it is also retaining its position as the most dominant cryptocurrency in the world. Bitcoin Dominance Hits 3-month High According to the data on CoinMarketCapital, BTC is now 55% more dominant than other cryptocurrencies. What this means is that 55% of the cryptocurrency market share is for BTC. This is the highest spike in dominance BTC has had in the last three months. Before this rise, the last time it took 58% of the market share was on the 12th of September. Ethereum has suffered a great deal with its market share falling from 15% to 8.5% within the same 3-m..
Japan’s financial watchdog reports a lower number of crypto enquiries in comparison to quarter two. The number of enquiries about cryptocurrencies from Japanese investors has declined in the third quarter of 2018, according to a report published by Japan’s Financial Services Agency (FSA) Friday, Nov. 16. The FSA, which oversees the country’s crypto market, published data on quarter enquiries to late September 2018. The watchdog received 1,231 requests, which is a slight decrease in comparison to 1,602 in Q2. As per the regulator, 34 percent of those enquiries (418 cases) were related to general questions, and 32 percent (398 cases) were about the results of individual transactions and contracts. The other 34 percent of cases were not mentioned specifically in the published data. According to the recent data from FSA, the interest in cryptocurrencies has been slowly declining throughout the year. Fintech news outlet Finance Feeds noted that in early 2018, Japan saw a boost in crypto en..
Crypto analysts predicted that the bears had been winded when BTC price flatlined at $6,500 in mid-October. This followed a downturn that persisted for close to a year, and they believed that it is primed for a rally this December. Bitcoin (BTC) Price Today – BTC / USD Name Price24H (%)$6,330.89 -0.93% Trader and technical analyst, Willy Woo, predicts that this currency’s bad days are far from over. He believes that it will still have a shaky short-term price. Woo took to Twitter to say that he doesn’t expect the digital currency’s price to rise until after the second quarter of next year. This means that the market may face another few months of downward pressure before anything improves. The reason for his prediction Experts have cited fundamental indicators like the entrance of some high profile bodies into the crypto ecosystem. They also talked about short-term bulls that pointed to a lot of technical data points justifying their optimistic outlook which include a marked increa..
Cryptocurrency markets have seen a slight drop on the day, with BCH being the only token out of the top 10 to make some gains. Tuesday, Nov. 13: Cryptocurrencies have experienced a slight decline over the last day, with almost all top 20 coins by market capitalization in the red after seeing some growth yesterday, Nov. 12. Market visualization from Coin360 The leading cryptocurrency Bitcoin (BTC) is down less than a tenth of a percent today, trading at $6,370 at press time. During the day, the lowest BTC price point was $6,345, with an intraday high aof $6,395. BTC has lost around 1.34 percent over the last week. Bitcoin 7-day price chart. Source: CoinMarketCap The second largest coin Ethereum (ETH) has been trading relatively stable on the day, fluctuating between $210 and $206. ETH is down 1.26 percent over the past 24 hours, trading around $207 at press time. In terms of a weekly view, the altcoin is down over 4 percent. Ethereum 24-hour price chart. Source: CoinMarketCap Ripple..
sponsored Overseas sales for Japanese anime are rising, but revenues for creators are stagnant. A startup is embracing blockchain to help the culture survive and grow. A Japan-based blockchain platform says the country’s beloved anime industry is at an impasse. While the number of global fans for this distinctive, inimitable animation style has been growing exponentially, artists face “a harsh work environment with very little incentive.” Twilight Coin fears that, if this trend continues, it is unavoidable that both the quality and quantity of Japan’s anime culture will start to go in decline. This is why it is offering a “creator to consumer” model which enables artists to connect directly with fans and receive funding for projects that everyone is passionate about. The company believes that this could also generate some revolutionary works that have been completely free of interference from disinterested investors – as influential stakeholders can end up radically changing the dire..