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When Cryptocurrency Will Recover

Crypto Outpacing Stocks As Altcoinsrecover

Crypto Outpacing Stocks As Altcoinsrecover

Crypto Outpacing Stocks as AltcoinsRecover How many times? How many times have we seen Bitcoin fall to only get back up again . Experts are saying Bitcoin could reach as high as 50k this year. Well, the Crypto bulls are back in town: cryptocurrency market cap has just achieved an $89 billion recovery. Whats the moral of the story? Dont get caught up in headlines. With the 100 largest cryptocurrencies all rising against the US dollar on Wednesday, it was double-digit time too. So after 20 percent gains, here we go again. You can regulate them, you can beat them up with a falling stock market, but cryptocurrencies and crypto assets are the future. The five day plunge will take some time to correct itself, its not quite over yet. Ethereum at one point, had a 30% jump over a 24 hour period. For crypto it was kind of a big day. The heads of two major US regulators testified in front of a congressional committee about cryptocurrencies, initial coin offerings, and the regulation of them. Crypto volatility is nothing new but the recent movement is a bit like the stock market in recent days. After peaking at about $834billion on January 7, the market plunged an eye-watering 66 percent, wiping out some $553billion, according to CoinMarketCap. Currently, the total market cap of all cryptocurrencies is estimated at over $390 billion, with bitcoin representing 35 percent of that figure. The competitiveness of the altcoins not named Bitcoin is increasing, and many are wondering if as Bitcoin rises back up again they will de-tether themselves increasingly from the price of BTC in the later part of 2018. Bitcoin (BTC) fell as low as $6,048 on Tuesday its worst price since November 13. It made 2017 feel like a long time ago, but inspite of increasing regulation, the popular momentum of Continue reading >>

Singapore Central Bank Head Hopes Crypto Will Recover After Prospective Crash

Singapore Central Bank Head Hopes Crypto Will Recover After Prospective Crash

Singapore Central Bank Head Hopes Crypto Will Recover After Prospective Crash The director of Singapores central bank hopes cryptocurrency will recover after the fever has gone away. Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS), expects the cryptocurrency market to recover after a prospective crash, as reported by CNBC . In an interview Monday, Jan. 15, Menon told CNBC: "I do hope when the fever has gone away, when the crash has happened, it will not undermine the much deeper, and more meaningful technology associated with digital currencies and blockchain." Menon apparently specified neither when he expects said crash to take place, nor what could potentially cause it. So far, Singapores central bank has taken a moderately suspicious stance towards cryptocurrencies, citing a need to remain alert to money laundering and other potential risks. Still, MAS sees no need to regulate the industry as of yet. "As of now I see no basis for wanting to regulate cryptocurrencies," Menon stated in an interview with Bloomberg in October 2017. Although MAS does not have any short-term plans to regulate digital currencies, it issued a warning in December 2017 about the significant risks of dealing with crypto and advised the public to act with extreme caution. Adding to his Monday statements, Menon said that he would not exclude the possibility of Singapores central bank issuing a cryptocurrency directly to the public, although he is not sure if its a good idea. Continue reading >>

Bitcoin Drops Below $10,000 As Traders Suspect Binance Hack

Bitcoin Drops Below $10,000 As Traders Suspect Binance Hack

Bitcoin Drops Below $10,000 As Traders Suspect Binance Hack Opinions expressed by Forbes Contributors are their own. Digital Money I am a financial writer and consultant who focuses on investments. Fears of a potential Binance hack sent Bitcoin below $10,000. Shutterstock Bitcoin prices fell to less than $10,000 today, plunging through that key, psychological level as markets responded to concerns that digital currency exchange Binance may have been hacked. The world's largest cryptocurrency by market value declined to as little as $9,468.45, according to the CoinDesk Bitcoin Price Index (BPI). At this price, Bitcoin was trading at its lowest since February 26, when the digital currency reached as little as $9,393.41, additional BPI figures show. [Ed. note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] Bitcoin'ssharp decline came as rumors circulatedthat Binance may have been compromised. Earlier this morning, the exchange announced that it hadhalted withdrawals as it looked in to "unauthorized market sells." At the time, Binance stated that there was no evidence that the platform had been compromised. The concerns surrounding Binance havedragged down the price of not only Bitcoin, but several other digital currencies as well, saidJeff Koyen, president of 360 Blockchain USA . "All of crypto is getting battered right now, based on fears that Binance was hacked," he stated. Koyen went on to emphasize the effect that this uneasiness ishaving on the market: "As the Technical Analysis traders are saying right now, it's not worth trying to analyze anything until this Binance freak-out is resolved." However,the digital currency space hassuffered plenty Continue reading >>

Bitcoin Recovery Services: Restoring Lost Cryptocurrency

Bitcoin Recovery Services: Restoring Lost Cryptocurrency

Bitcoin Recovery Services: Restoring Lost Cryptocurrency Datarecovery.com offers bitcoin recovery and wallet recovery services for a wide range of scenarios. Recently, cryptocurrencies have generated tremendous interest among investors and internet privacy advocates, and currencies like Bitcoin, Ethereum, and Litecoin have soared in value over the past year. As the first data recovery provider to accept Bitcoin payments, weve been excited about the potential of the blockchain since the beginning. We believe that digital currencies will continue to play an important role in the way people interact, trade, and build new technologies over the next decade. In terms of data security, however, cryptocurrencies pose a new set of challenges. We offer dedicated wallet recovery services to help cryptocurrency owners restore lost, damaged, or deleted wallets. We offer wallet recovery services for a variety of scenarios, including: Forgotten Passwords If you forget a wallet or BIP38 password, Datarecovery.coms password recovery engineers can help. We have established techniques for recovering or breaking cryptocurrency wallet passwords, and in many cases, we can restore access within several days. Deleted Wallets Accidental deletion is one of the most common data loss scenarios. In the vast majority of cases, we can successfully recover deleted wallets without any data loss, and we offer a no data, no charge guarantee. Important note: If you have accidentally deleted a wallet, turn off the affected device immediately to avoid permanent data loss. Hardware Failure To date, Datarecovery.com has recovered over $2.4 million in cryptocurrency from failed hard drives, RAID arrays, solid-state drives, and other devices. As the world leader in data recovery services, we offer the highest Continue reading >>

The Crypto Crash: Why Crypto Willrecover

The Crypto Crash: Why Crypto Willrecover

Clarifying the world of Crypto. Crypto Investor, Writer and Analyser. Money is freedom and freedom is fun www.waltercullinan.com The Crypto Crash: Why Crypto willRecover As I write this in at the start of February, the crypto market has completely tanked. So I guess all the people who hate crypto were right. Bitcoin and cryptocurrencies are dead . Or are they? Personally, I dont care whether they are or not. But having done some research I think this is a great time to invest. And Im not promoting a product or any kind of bullshit like that. Crypto isnt dead for a number of reasons, everything from the people that are involved to the amazing tech that is being used. The truth is the rise of Bitcoin and crypto is just beginning. Bitcoin over the years has had massive dips and earlier this year in January it was one of the biggest crashes in the short history of cryptocurrency. Its crazy though how far cryptocurrencies have come. If we had jumped on the bandwagon a year ago, we could all be driving lambos. Like every crypto investors dream. You could say that we missed a massive chance. But the truth is that there is still more opportunity than ever, The main advantage today is that there is a hell of a lot less risk than when it was being established back in the day. Even though for some the high-risk high-reward situation paid off big time. Cryptos meteoric rise has led to countries trying to destabilise it, ban it and eliminate it altogether. And why wouldnt they? The fat cats in the banks have had it their own way for so long. Theres no wonder that there is going to be a struggle for power. Crypto is a direct threat to traditional currency. Along with that a direct threat to the wealthy 1% who own most of the worlds wealth. The truth is cryptocurrencies can replace t Continue reading >>

Cle Focuses On Cryptocurrency And How Lawyers Can Recover It During Divorce Proceedings

Cle Focuses On Cryptocurrency And How Lawyers Can Recover It During Divorce Proceedings

CLE focuses on cryptocurrency and how lawyers can recover it during divorce proceedings CLE focuses on cryptocurrency and how lawyers can recover it during divorce proceedings The Brooklyn Bar Association brought in a team that included (from left) Nicholas G. Himonidis, Mark DiMichael and James Anthony Wolff for a CLE on cryptocurrency and how lawyers can find it and track it during divorce litigation.Eagle photo by Rob Abruzzese In a span of less than 10 years, cryptocurrencies like Bitcoin have gone from the province of techies and money launderers to widespread use today where most people, governments, big accounting firms and prominent software companies are investing in them. Cryptocurrencies have gotten so big that they are now impossible for attorneys to ignore, particularly matrimonial attorneys charged with splitting up spousal assets. On Tuesday, the Brooklyn Bar Association (BBA) held a Continuing Legal Education (CLE) seminar titled, Cryptocurrency, the Law and How to Find it and Track it in a Divorce Litigation, with Mark DiMichael, James Anthony Wolff and Nicholas G. Himonidis. The two-hour lecture was designed to introduce attorneys to what cryptocurrencies are and their legal implications during a divorce proceeding. DiMichael, a director at the accounting firm Citrin Cooperman, explained the history and evolution of cryptocurrencies, including basic terms for those who were unfamiliar with them; Wolff covered the applicable court cases that attorneys need to be familiar with when litigating cases involving cryptocurrencies; and Himonidis, president of the NGH Group which handles digital forensics and e-discovery, broke down practical scenarios that attorneys will face during divorce proceedings. Cryptocurrencies are an electronic peer-to-peer currency Continue reading >>

Will Ripple Recover From Latest Crypto Market Selloff?

Will Ripple Recover From Latest Crypto Market Selloff?

Will Ripple Recover From Latest Crypto Market Selloff? With the best part of the cryptos market being in the red since the beginning of this year, investors across the globe are worried that the long-prophesied crypto bubble has finally popped. Since December last year, the digital currencies market has been on a steady decline with most cryptos shedding nearly half of their value. While it is not possible to tell how far this selloff will go, it is in line to say that the dip presents an opportunity to buy low and sell high. Crypto markets have proven to be very resilient in the past regulatory crackdowns, and there are no reasons to believe that they will not do so in the current turbulence. However, there is a chance that there are those that will not make it back to top again. Ripple ( XRP ), the third largest cryptocurrency by market cap, tops the list of the most analyzed altcoins today with analysts predicting that it is bound to overtake Bitcoin in the future. In the recent tremors, the altcoin has lost nearly 60 percent of its value leaving investors wondering whether this is the end or an opportunity to jump in. My bet is that ripple will be among the best performing cryptos in 2018 due to a number of reasons. First, the selloff witnessed in the last few days has been as a result of governments in China, South Korea, and France announcing that they will be imposing stringent regulations on crypto trading. The markets have cooled off and are regaining rapidly a sign that investors have already come to terms with the fact that the future will involve more government guidelines. Consequently, the current crypto prices have already taken regulatory risk into account and therefore the likelihood of a regulatory triggered slump in the future is limited. With regula Continue reading >>

Surging Litecoin Is Leading The Crypto Price Recovery

Surging Litecoin Is Leading The Crypto Price Recovery

Surging Litecoin Is Leading the Crypto Price Recovery Feb 15, 2018 at 13:15 UTC|UpdatedFeb 15, 2018 at 18:33 UTC The crypto market recovery is looking stronger by the day, and litecoin is leading the way. As of writing, the total market capitalization of all cryptocurrencies stands at $466 billion - its highest level since Feb. 2, and a 68 percent rise from the low of $276 billion seen on Feb. 6. The sharp recovery could be associated with chart factors (oversold conditions) and the U.S. Senate's cautiously optimistic response to calls for stricter regulations, or it couldindicate the markets have digested the negative news flow out of China and South Korea. Either way, with bitcoin now eyeing a break above $10,000 , the broad-based recovery could gain further traction. Amid the rebound, names like litecoin, ripple, and neo have put on a good show since Feb. 6. Litecoin (LTC), in particular, has had a stellar run in the last couple of days and is up 54 percent week-on-week. The cryptocurrency has appreciated by 112.27 percent from the Feb. 6 low of $106.94 and is leading the recovery in top 10 cryptocurrencies by market capitalization. The lure of making quick money on an upcoming hard fork seems to have boosted demand for LTC, although the legitimacy of the project is under question. As of writing, LTC is seen changing hands at $227, according to CoinMarketCap . Despite the impressive performance of late, LTC is reporting a 2 percent drop on a year-to-date basis. Meanwhile, Ripple's XRP token has strengthened 90 percent from the Feb. 6 low of $0.58 and now ranks second on the list of biggest gainers among the top 10. XRP was last seen trading at $1.12 - still down 51 percent from the Dec. 31 close of $2.30. Meanwhile, neo has appreciated by 86.50 percent from Feb. 6 l Continue reading >>

Will Bitcoin Price Always Bounce Back? | City & Business | Finance | Express.co.uk

Will Bitcoin Price Always Bounce Back? | City & Business | Finance | Express.co.uk

LiteCoin is going down with the market dip [coindesk.com] You will see big price swings as particular countries declare their positions, but bear in mind there will be bad as well as good news. Mr Skwirczynski also believes crashes - or bubbles bursting - can do the industry a strong favour in the long run. He said: Think back to the dotcom crash, which in the long run did the tech sector a huge favour by unleashing a rapid natural selection within the sector, which came back stronger than before. When explaining what is meant by correction of bitcoin - which is referred to on the table - Ms Feldmeier said: In theory the price of bitcoin should develop along the relationship between supply and demand. The supply function is a mathematical formula, which nobody can change and it is given. She described the demand as having two sides to - the fundamental part and speculative. She said: The fundamental part, here the bitcoin demand will grow with bitcoin moving into the mass adoption phase - when people around the world start to use it for remittances and salary payments. The speculative part is when more people start to believe it is a digital gold with unlimited upside price potential. This is what we have seen in the last months of 2017. Since April 2017 to the peak of 19.500 in December price of bitcoin increased almost x20. Even in comparison to the highest price increase we have ever seen before: back in 2013 when the price of bitcoin grew x10 - this is the rally we have never seen before. The people who have invested into bitcoin and have researched the cryptocurrency all seem to share a similar opinion. This is a blimp but the cryptocurrency will bounce back. As Ms Feldmeier said: In short: BTC is going to stay a highly volatile and speculative asset for the next Continue reading >>

Ripple And Bitcoin Price Crash: Will They Ever Recover?

Ripple And Bitcoin Price Crash: Will They Ever Recover?

Ripple And Bitcoin Price Crash: Will They Ever Recover? Both the Ripple price and Bitcoin price have plummeted this week, which has investors worried that these currencies may never bounce back. The Ripple price and Bitcoin price saw record highs near the end of December, with many first-time investors trying to capitalize on the rapid growth and see some quick gains from these new investment opportunities. However, these same investors were in for a world of hurt just a few weeks later during the beginning of 2018 where the Bitcoin price and Ripple price crashed from their meteoric highs causing a lot of people to lose a lot of money. For those who have been following the trajectory of cryptocurrency for several years, these sorts of rises and crashes are par for the course. Due to how cryptocurrencies are designed, weve seen some major highs and some major lows because of the value being determined via speculation. With no real-world entity to tie the value to such as weve seen with traditional stocks, the Ripple price and Bitcoin price has fluctuated majorly based on rumors and regulation. And its regulation that may pose a problem for the Ripple price and Bitcoin price. What started as a niche investment opportunity for techies years ago has since ballooned into an industry with a market cap in the hundreds of billions. With such a massive amount of money being moved, the traditional financial industry is no longer able to ignore the influence of the Bitcoin price and Ripple price over the world of finances as a whole. Part of the appeal of currencies like Ripple and Bitcoin is the accessibility it offers to investors. While stocks are technically accessible to most anyone, the barrier to entry for taking a gamble on the Ripple price or the Bitcoin price is far low Continue reading >>

Bitcoin Could Bounce Back Big-time In 2018:analyst

Bitcoin Could Bounce Back Big-time In 2018:analyst

Bitcoin drops below $8K as cryptocurrencies plunge Despite its price plunge , some diehard bitcoin aficionados still say the beleaguered cryptocurrency could hit six figures by years end. Tone Vays, a New York-based cryptocurrency analyst and blockchain consultant, has been among those arguing that the wild swings in bitcoin value since its debut in 2009 at less than a penny could mean that an even greater upswing may be possible this year. Right now I think that bitcoin should still go down in price, but it will recover, says Vays. $100K this year is possible, but thats very high. I put the current fair value at $25,000. Vays decided to bill his clients at 0.1 bitcoin per hour last year when the price hit $1,200, and he says he is not looking back, despite the more than 50 percent hourly pay cut he has taken this year. Fellow bitcoin disciple Ronnie Moas, for his part, is more measured in his optimism. I do not like crypto at $500 billion [market cap] as I did at $100 billion, but I do like it more at $500 billion than I did at $800 billion last month, said Moas, founder of Standpoint Research, who adds he has raised his 2018 price target to $28,000 from the $20,000 he forecast in November. I dont know how anybody could set and justify a price target that high for this year, he says of the speculation of a six-figure bitcoin price tag in the near future. Offering a different outlook is James Rickards, strategic director at Meraglim, a financial analytics firm. I think bitcoin is going to go to $200, he predicts, without offering a timeframe. The only residual use is for criminals, and it will keep grinding down. Continue reading >>

Coincheck Hackers Move Cryptocurrency To Stymie Recovery

Coincheck Hackers Move Cryptocurrency To Stymie Recovery

Coincheck hackers move cryptocurrency to stymie recovery Funds tracked to about 20 wallets, potentially involving innocent holders Exchange rates including XEM -- the unit of the NEM currency stolen from Coincheck Reuters TOKYO -- The 58 billion yen ($532 million) worth of NEM digital currency recently stolen from a Tokyo exchange has been shifted to about 20 different accounts, in what experts see as an attempt to disrupt recovery efforts. The account to which the money was initially transferred is being monitored, likely prompting the hackers to try to spread the funds around as quickly as possible.The NEM Foundation, the international group that manages and promotes the currency, on Wednesday confirmed it had spotted movement into multiple accounts. Coincheck, the operator of the hacked exchange, intends to ask the account holders to return the currency. But the more the money moves, the harder it will be to get it back. The hackers extracted the funds into the initial account last Friday, then transferred some of it into several other accounts. Late on Tuesday, money was again shifted from the initial account into nine other unidentified accounts in 14 relatively small transfers. These transactions amounted to only 1,100 XEM -- the unit of NEM -- compared with the 520 million XEM the hackers snatched. It took only about 30 minutes to make the transfers. This brought the total number of accounts involved to around 20. An official of a virtual currency exchange operator believes the recent moves are aimed at "disrupting the supervision system." The official speculated that Tuesday's transfers involved "mainly accounts that have had some interaction with [the hackers' original] account since the incident, such as sending NEM" even out of curiosity. This leaves open th Continue reading >>

Nano Leads Crypto Recovery

Nano Leads Crypto Recovery

Nano is leading the crypto recovery today. After a week of bloodshed, there is finally some green out there yonder on the ol crypto fields. Right now, only ten cryptos are down out of the top 100 cryptocurrencies. Nano has been a consistent leader today, outgrowing all the other cryptos on the market. At the time of writing, Nano has a selling price of $12.59. This puts the altcoin up 35.41% in the past 24 hours more than any other coin on the market as of right now. Currently ranked as the 22nd largest cryptocurrency, Nano has a market cap of $1.7 billion at the moment. >> Nano before: Raiblocks rebrands to Nano Like many of the other cryptos on the market, Nano struggled in the first half of this week. However, the altcoin started to recover faster than many of the rest of the cryptos out there. Nano began to recovery by around Tuesday and continued its growth through to Wednesday. Nanos fast growth in the latter half of this week is a relief to many after the token plummeted thanks to the hack on the Italian exchange BitGrail. In fact, Nano was managing to grow while many of the other cryptos continued to suffer. >> Nano could be one of the best coins for making small payments Since Nano first started back in April of last year, the coin has grown by an incredible138,190%. Nano later peaked at the beginning of January. At this time the coin was trading in the $35 range. Will Nanos growth right now be enough to take it back to that point? Nano is the best scalable crypto. Its Block chain lattice technology prevents the need for wasteful mining, while giving us instant payments and infinite scalability, all while having no inflation. Cant beat it. Simply the best crypto out there. Continue reading >>

Bitcoin Price And Cryptocurrency Markets Recover

Bitcoin Price And Cryptocurrency Markets Recover

Bitcoin Price and Cryptocurrency Markets Recover By Rakesh Sharma | February 23, 2018 9:50 AM EST Winklevoss Twins Unveil Proposal for Self-Regulation of Crypto Markets Bitcoinprices and cryptocurrency markets have improved marginally in the last 24 hours. At 13:20 UTC, the price of a single bitcoin was $10,217.41, up 3.94% in the last 24 hours. Earlier this morning, it had dropped to a low of $9,676.90. South Koreans have buoyed the originalcryptocurrency once again, and it is changing hands at a kimchi premium of $200 in exchanges there. But chances that bitcoin will sustain the current uptick in prices are low . Among the top 10 most valuable cryptocurrencies, Litecoin and Bitcoin Cash both of which had sustained the biggest losses yesterday recovered partially. Litecoin was up by 6.15% while Bitcoin Cash increased by 6.42% in its price in the last 24 hours. The overall market capitalization for cryptocurrencies was $453.2 billion at 13:52 UTC, up 5% in the last 24 hours. Bitcoin is expected to undergo 50 forks this year. (See also: Will Bitcoin Undergo 50 Forks In 2018? ) They are an excellent opportunity to purchase or get a new coin for cheap (or free). If your research is thorough, then the coins price will go up. Case in point: Bitcoin Cash. Tom Lee from Fundstrat Advisors, an early bitcoin proponent, has come out with a list of scheduled forks and airdrops that will generate coins which may provide competition to bitcoin. Included among these are forks of Bitcoin Private (on Feb. 28) and Moneros fork of MoneroV (on March 14). Meanwhile, regulators around the world are still grappling with the hydra-headed monster of cryptocurrencies to bring it within a legal framework. (See also: Bitcoin Government Regulations Around The World ). This morning, John Glen, the Continue reading >>

How The Cryptocurrency Market Will Recover

How The Cryptocurrency Market Will Recover

Every product here is independently selected by Mashable journalists. If you buy something featured, we may earn an affiliate commission which helps support our work. In the past month or so, bears have ruled the cryptocurrency market. You may not think that's a very long time, but given how fast the cryptocoin market moves, this is not some temporary flash crash. It's a hefty correction that threatens to turn into a bear market, akin to Bitcoin's slump in Jan. 2014, when price went down for about a year before they started rising again. SEE ALSO: Say hello to Buttcoin and the community celebrating Bitcoin's fall At roughly 137 billion dollars, Bitcoin is still the largest cryptocurrency by market cap, and it's still leading the market; when Bitcoin experiences a big drop, other coins follow. But why is the price of Bitcoin going down? Well, the factors are numerous, and they start with tremendous growth Bitcoin has experienced in the last year or so. Even at current price of $8,400, it's still up roughly 850 percent year-over-year. If you're an early investor, there's still a lot of room there for profit taking. Typically, an asset's price won't drop far below the market's assessment of a fair price or at least it won't stay there too long. Apple stock might fall on news about bad iPhone sales, but if the company's revenue is up exactly what happened last week you won't see a huge selloff. The total market cap of all cryptocurrencies has dwindled significantly since its peak in early January. But if you're trying to determine a fair price for Bitcoin, you'll likely hit a wall. Bitcoin's fundamentals are notoriously hard to define . Large developmental changes are either absent or far off at this point. Retailers are shunning Bitcoin as of late, and most people that bu Continue reading >>

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