Today in the news:
- It's a red day again. Steem is down over 7% today and is now being traded below $3.
- Coinbase is launching a weighted index fund for cryptocurrencies.
- A U.S. federal judge has upheld that cryptocurrencies are commodities and thus subject to regulation by the U.S. Commodity Futures Trading Commission (CFTC).
- Early internet investor Tim Draper predicts in five years we'll only be using cryptocurrencies to pay.
- And more crypto news below...
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Latest Crypto News - March 07, 2018
Cryptocurrency Market Sheds $22 Billion as Every Major Currency Dips
Bitcoin, Ethereum, Ripple, Bitcoin Cash, Cardano, Litecoin, and other major cryptocurrencies with the exception of Monero have experienced a decline in value, as the cryptocurrency market fell by yet another $22 billion after a seeing a drop on March 6.
Read more: www.ccn.com
Ethereum Price Drops Below $800 as Bears Take Control
The cryptocurrency markets are always evolving in many different directions. Right now, the overall sentiment is pretty depressing, as the markets have gone down in value for quite some time now. With some markets losing 10% in value or more, things are not looking all that great. Especially the Ethereum price is struggling as of right now, for some reason.
Read more: themerkle.com
Bitcoin exchange Coinbase launches the Dow Jones of cryptocurrencies
Coinbase is launching a weighted index fund for cryptocurrencies. Much like how the Dow Jones Industrial Average gives a sense of the American economy, this fund tries to reflect major trends in the cryptocurrency market.
Read more: www.cnbc.com
Other sources:
- Coinbase Launches Index Fund Tracking Ethereum, Bitcoin, Bitcoin Cash and Litecoin
- Coinbase to Launch its First Crypto Index Fund (Bitcoin.com)
- Announcing Coinbase Index Fund (Coinbase.com)
Google Searches for Bitcoin Drop to Lowest Since October
People just aren’t that interested in Bitcoin since the digital currency’s manic price surge came to an abrupt end late last year.
Read more: www.bloomberg.com
Other sources:
Crypto's Biggest ICOs Stay Silent on SEC Subpoenas
After rumors began to fly late last week that the SEC has been sending out subpoenas to initial coin offerings (ICOs), some of the biggest projects to yet utilize the funding mechanism have remained tight-lipped, refraining from public commentary. CoinDesk has so far reached out to the 14 best-known issuers that have raised $50 million or more through their token sales, asking whether they had received a subpoena or request for information letter. The majority left multiple requests for comment without a reply.
Read more: www.coindesk.com
Virtual currencies are commodities, US judge rules
Virtual currencies like bitcoin can be regulated as commodities by the U.S. Commodity Futures Trading Commission, a federal judge ruled Tuesday.
Read more: www.cnbc.com
Other sources:
- US Federal Judge: Bitcoin and Cryptocurrency Are Commodities
- US Judge Rules Cryptocurrencies Are Commodities in CFTC Case
- New York Federal Judge Rules That CFTC Can Regulate Cryptocurrencies As Commodities
- Cryptocurrencies Like Bitcoin Are Commodities, Federal Judge Says. Here's Why That Matters
Steve Bannon Lauds Cryptocurrency As A Tool To Resist the ‘European Establishment’
Steve Bannon, former Chief Strategist to US President Donald Trump, said that cryptocurrencies could be an asset to the European anti-establishment movement at an event sponsored by the Swiss newspaper Die Weltwoche on March 6. With cryptocurrency “We take control of the central banks away. That will give us the power again.”, he said.
Read more: cointelegraph.com
Legendary Investor Predicts Everyone Using Crypto in Five Years
Tim Draper who has been investing in future technology since the earliest days of the web said that in five years no one will be trading with fiat currency. The legendary investor and prognosticator of where technology is taking us sat down with CNBC’s Fast Money to talk about the future of Bitcoin and blockchain technology.
Read more: www.newsbtc.com
Other sources:
Life as an crypto trader
Haha :-)
BitPay Merchants Can Now Start Accepting Bitcoin Cash Payments
More than 100,000 BitPay merchants, including Microsoft, Zynga, Virgin Galactic and others, can now start accepting Bitcoin Cash payments following its full integration in all of BitPay’s services.
Read more: www.trustnodes.com
True USD: What's Good to Know About the New Fixed-Price Token Project
The world of crypto coins has had its attempts to create various forms of tokens with a fixed price. So far, the most widespread project remains that of Tether, which has kept its $1 level with minor fluctuations through all attacks.
Read more: cryptovest.com
Russia: Vladimir Putin Signals Obligatory Cryptocurrency Regulation Will Begin ‘July 1’
Russia’s president Vladimir Putin has signalled cryptocurrency regulation in the country should become law “by July 1” this year, according to the official government publication Parlamentskaya Gazeta Feb. 28.
Read more: cointelegraph.com
New Study Looks at the Cost to Mine BTC Across the Globe
Just recently the firm Crescent Electric Supply Company conducted a study that showed the cost of mining one single bitcoin in each state in the U.S. Since then the company’s subsidiary business Elite Fixtures took the research further by charting the cost to mine a single bitcoin in each country across the world.
Read more: news.bitcoin.com
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A portrait @penguinpablo of the position for cryptocurrencies.
The launch of Dow Jones index fund is a positive signal of integration to the formal currencies market.
Happy to read your post, I am voting you.
Very glad to see Bitcoin is gaining more market dominance. I feel alt coins need to prove themselves more.
Exactly...I'm glad I converted most of my crytos into bitcoin
I invested $1k into Steemit 2 weeks ago at around $4.2 because I wanted to increase the power of my upvote so I could reward my followers for commenting on my content.
It's hard to see that sea of red in your graphs but unless we have to sell today, these are all unrealised losses!
Wow, STEEM is now at less than half the price that I started buying! Time to buy some more at these low prices, I only wish I could afford to buy more.
Nice your post
Btc bitcoin
Cryptocurrency
@penguinpablo
thanks for sharing! i will start following your exciting posts! Checkout my posts as well
Monero... Moon... Mars... English alliteration don't lie 😉😂
I love these red days. There's more time to buy cheap coins :)
Bitcoin gaining dominance and markets are down
Whats interesting is the Volume of SBD is on a slow decline, and steem price usually stays pretty close to SBD unless SBD being manipulated.
Good time to invest?
I follow you follow me please. And I upvote you everyday.
Last upvote here: https://steemit.com/@underworld24
I check the comments.
Yes another red day 😕 And I've been waiting for bitcoin and steem to soar. For bitcoin to at least reach even 15k again for $$$ and for steem to power up. Earning 1 SBD a week as a minnow, I would love to at least get the most out of my SBD turning it into SP. Thanks for the update here. Still waiting for that time staying positive. 🙂
Steem price now = $2.75
Interesting and useful information! Thanks so much for sharing. ;)