Welcome to my Cryptocurrencies Markets Overview for Monday, October 23, 2017.
Today in the news:
- Bitcoin Gold will fork at block 491407 which is expected to happen in about 13 hours.
- Bitcoin has dropped 3.8% in the last 24 hours. Most other coins are down as well.
- Russia promises regulation will not kill ICOs.
- And other crypto news below...
24 Hour Change
7 Day Change
Month-to-Date Change
24 Hour Volume
Market Capitalization
Bitcoin daily chart
Feel free to use and share my charts, but please mention me as the author.
Latest Crypto News - October 23, 2017
Russia Promises Regulation Will Not Kill ICOs
Russia’s First Deputy Prime Minister Igor Shuvalov promised not to let initial coin offerings (ICOs) in Russia “die” because of regulations last week. Despite bills being prepared to regulate them, President Vladimir Putin has said that ICOs hold “tremendous potential” and should not be obstructed.
Read more: bitcoin.com
Prepping for a Pullback? Bitcoin Price Drops Below $6,000
After rallying to a new record high, bitcoin is once again trending down. According to Coindesk's Bitcoin Price Index (BPI), bitcoin prices dipped below $5,800 this morning – prices first passed the $6,000 mark on Friday and set the new all-time high (of $6,148) at 15:00 UTC on Saturday. That figure takes the cumulative returns from the September low of $2,980 to more than 100 percent.
Read more: coindesk.com
Other sources:
Bittrex Issues Official Statement About Bitcoin Gold, Warns Users
Bittrex, the US-based Bitcoin and altcoin exchange has announced its official position on Bitcoin Gold. The exchange, widely regarded as a substantial player in the marketplace, had previously hesitated issuing a formal statement.
Read more: cointelegraph.com
Sell ‘ShitCoin2x’ Immediately for Best Profit: Bitcoin Exchange BitMEX to Traders
Cryptocurrency trading platform BitMEX has told users to dump SegWit2x Bitcoins “immediately” following November’s hard fork.
Read more: cointelegraph.com
Other sources:
- BitMEX Tells Traders to Ditch "ShitCoin2x" (Cryptovest)
Institutional Investors Still Wary of Bitcoin
Bitcoin prices break records, but large institutional investors are still cautious. The market is still more volatile and less liquid compared to older asset classes and rule-bound investors cannot buy in yet.
Read more: cryptovest.com
Other sources:
Bitcoin Cash Plans a Smooth Hardfork Amidst Bitcoin's Contentious Upcoming Hardforks
Bitcoin cash is planning its version of a hardfork on November 14th to update its Difficulty adjustment algorithm (DAA).
Read more: cryptovest.com
Bitcoin Gold: The Fork Getting Stranger and Stranger
The Bitcoin Gold project does one thing well- promising free coins. But the rest of the project looks worrying, with pre-mined coins, wallet confusion and difficulties working with exchanges.
Read more: cryptovest.com
Coin.mx Team Member Jailed for Running Illegal Bitcoin Exchange
There is a new development in the ongoing Coin.mx court case. As most people are well aware, this particular cryptocurrency exchange operated without an official license, which prompted the US government to scrutinize all of its operators. Yuri Lebedev has been sentenced to 16 months in prison for his part in this Bitcoin exchange. It’s an interesting plot twist, to say the very least.
Read more: themerkle.com
Wolf of Wall Street Jordan Belfort says initial coin offerings are 'the biggest scam ever'
The American stockbroker immortalised in the film The Wolf of Wall Street has warned that the craze for initial coin offerings has become "the biggest scam ever".
Read more: telegraph.co.uk
Kazakhstan Following Russia's Lead with Own Cryptocurrency
Kazakhstan has become the latest country to show an intention of creating its own fiat-based digital asset, following in the footsteps of its former Soviet handlers, Russia.
Read more: cointelegraph.com
Day by day Bitcoin is taking more and more from the total market cap graph...
I'm getting sick of that.
The sheer scale of the decline of every altcoin makes me feel disgusted.
Ripple, STEEM, Augur, Monero, IOTA, just to name a few - all deserve more and better than that.
To many fork and shitcoin was born.
Penguin, thank you for your thoughts and the heads up on the very eminent fork of bitcoin gold.
I was curious (and this might be in your prior articles), do you see ripple as a safe hedge against bitcoin? Of course I will do my own research and make my own decisions (which are solely up to me); I was just curious on your thoughts.
Will be interesting indeed to see what happens in the next 24 hours, I have been buying alts on the dip in recent days