Major Fund: 99% of Blockchain Investors are Interested in Profits, Could Ruin Market

Major Fund: 99% of Blockchain Investors are Interested in Profits, Could Ruin Market

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Joyce Kim, co-founder of $3.5 billion blockchain network Stellar and cryptocurrency hedge fund managing partner at SparkChain Capital, said in an interview with Chosun that 99% of blockchain sector of investors are interested in short-term profits rather than the technology. At a cryptocurrency conference covered by mainstream media and publications like Chosun and JoongAng, Kim…

Bitcoin, Ethereum Slide Back in to Red as Market Reacts to Japanese Regulation, South Korean Tax Confusion

Bitcoin, Ethereum Slide Back in to Red as Market Reacts to Japanese Regulation, South Korean Tax Confusion

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The cryptocurrency market has swung violently back into the red due to a series of regulatory movements from Asia, spooking skittish market participants. Bitcoin and Ethereum plummeted by almost 10% as Japanese regulators crack down on exchange action. Crypto markets are bleeding red subsequent to a Japanese financial watchdog move that saw business improvement orders…

Markets Update: SEC Adds a Brief Market Spike — But Will It Last?

Markets Update: SEC Adds a Brief Market Spike — But Will It Last?

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Cryptocurrency markets are steadily coasting along after suffering from some volatile low swings last week. Over the past 24 hours, most cryptocurrencies are still in the red nurturing losses between 1-3 percent, and a few are in the green by a few percentages. At the time of publication, the price of bitcoin cash (BCH) is…

Ethereum’s Active and Unique Addresses Overtake Bitcoin

Ethereum’s Active and Unique Addresses Overtake Bitcoin

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Ethereum — the second-largest cryptocurrency by market cap — now claims more unique and active addresses than Bitcoin. Effectively doubling in size since December 2017, the Ethereum network now hosts 35 million unique addresses — 100,000 new registrations being logged each day. According to its last-known position in March 2018, Bitcoin stands at 24 million…

TRON Founder Justin Sun Set to Acquire µTorrent, BitTorrent, Inc.

TRON Founder Justin Sun Set to Acquire µTorrent, BitTorrent, Inc.

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Evidence of a legal battle between TRON founder Justin Sun and µTorrent owner BitTorrent Inc has revealed that the highly popular torrent client developer is set to be purchased by Sun, with both parties currently finalizing the details of an acquisition. News of the acquisition was first released by TorrentFreak on May 25, detailing an…

Zilliqa (ZIL) Update: Up 190% Over Past Month on Testnet Launch and Exchange Listings

Zilliqa (ZIL) Update: Up 190% Over Past Month on Testnet Launch and Exchange Listings

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Zilliqa’s price continues to increase after the successful launch of its testnet and addition of new exchange listings. It is currently ranked the twenty-third largest coin by market cap according to coin rankings, with a market cap of $1.3 billion. Zilliqa is up 190.41% over the past 30 days. What is Zilliqa? Zilliqa is a…

Tokyo Whale Prepares 8,000 BTC Dump as Crypto Bloodbath Continues

Tokyo Whale Prepares 8,000 BTC Dump as Crypto Bloodbath Continues

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The skittish cryptocurrency market has moved further into the red today as several factors, including South Korean regulatory action, test the stress tolerance levels of market participants. One of the key drivers behind recent negative price movement is the actions of the Mt Gox bankruptcy trustee Nobuaki Kobayashi, who appears to be preparing for another…