CoinCentral’s Weekly Crypto Review | Week 22 December 2017

This Week in Cryptocurrency – December 22nd, 2017

Bitcoin Cash enters the Coinbase Ring. Bitcoin makes a hit: Coinbase spontaneously added Bitcoin Cash, the 8MB fork and potential nemesis of Bitcoin, the news of which sent the price up over 30 percent 50% and dropped Bitcoin by over $ 1,800.

The champ takes a longer break: Bitcoin continued its slump after an explosive month quickly accelerated by Coinbase’s addition of BCH. At the time of writing, Bitcoin is sitting around $ 13,200.00.

Ripple continues HAM: Last week, Ripple hit an ATH from $ 0.87 to the surprise of many owners who were used to hanging around Ripple in the $ 0.30 range. Ripple almost touched each other this week $ 1.40.

Christmas came early for alts: Tokens like Ripple (+ 62.30%), Cardano (+ 112%), NO (+ 68%) Qtum (+ 192.74%), TRON (+ 150%), Lisk (+ 123%), Komodo (+ 200%) and Hshare (+90%) saw a huge surge in market cap and attention. Even Verge could make out with a humble man + 588% gain. All twenty top market cap tokens hit record highs this week. The rapid growth of the altcoin market has started drawing more and more attention to the many blockchain-based projects that are being built.

…. That was until Thursday, when everything lasted steep nose dips into the red. The eagerly anticipated market correction resulted in most tokens a 20% – 40% hit within a few hours, with Bitcoin skyrocketing again $ 12,000. Is the sky falling? Probably not. If you’ve had your eye on cryptocurrency markets for a while, you are probably used to the occasional pullback.

Goldman Sachs Establishes Cryptocurrency Trading Desks: According to
BloombergGoldman Sachs’ Michael DuVally said in a statement, “In response to customer interest in digital currencies, we are examining how we can best serve them.” that creates cryptocurrency markets. Let’s not forget our bimonthly reminder. Jamie Dimon, CEO of JPMorgan, called anyone who buys Bitcoin “stupid”.

Driven by Bitcoin’s Momentum, NYSE Files Listing Bitcoin ETFs: The proposed rule The change is currently being examined by the US Securities and Exchange Commission. If passed, the ruling would give way for investors to bet on Bitcoin’s success with a brand new vehicle that is new to the cryptocurrency world.

Buzz about which currencies Coinbase will add next: Many speculators believe that every coin added to Coinbase is likely to increase in value. Given what happened to Bitcoin Cash, this is not an unfounded assumption. Rumors tend to be Ripple, Dash and Iota are causing a hype about the next cash cow in cryptocurrency, among other things.

Rumors favor ripple ?: After a spectacular week for Ripple and hitting the $ 1 milestone, XRP exploded again from around $ 0.65 on December 15th to an ATH of $ 1.22. The push was largely tied to circulating rumors that Coinbase would soon add the currency to its exchange. Many people in the cryptocurrency community have speculated that Ripple could be the next coin to add.

Coinbase investigates insider trading claims:

Coinbase policies prohibit employees from discussing the possible addition of new currencies to the platform with anyone outside the company. In one blog entry Brian Armstrong, CEO of Coinbase: “If we find evidence that an employee or contractor is directly or indirectly violating our guidelines, I have no hesitation in terminating the employee immediately and taking appropriate legal action.” This post comes after the sharp rise in prices in BCH hours before adding the currency to the exchange.

What’s new at CoinCentral?

This week we’ve brought you a handful of new guides and resources on various new exciting projects. New cryptocurrency manuals were created this week:

If you’re interested in seeing some of the brightest minds in cryptocurrency like Tim Draper, Brad Garlinhhouse (CEO of Ripple) and Charlie Lee (founder of Litecoin), join Blockchain Connect in San Francisco on January 26th, 2018. Oh, our readers can also save 30% with the code “Matchentral”.

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More cryptocurrency news from around the world

Litecoin founder sells all of his Litecoin: Due to a “conflict of interest” with the founder of Litecoin, Charlie Lee sold all of his coins. Below is a statement he posted Reddit express the decision.

“For the past year I’ve tried to stay away from price-related tweets, but it’s difficult because price is such an important aspect of Litecoin growth. And when I tweet about the Litecoin price, or even good or bad news, I am accused of doing it for personal gain. Some people even think I am short LTC! In a sense, holding LTC and tweeting about it because I have so much influence is a conflict of interest for me. I’ve always refrained from buying / selling LTC before or after my big tweets, but that’s something only I know. And there will always be doubts as to whether any of my actions should boost my personal fortune beyond the success of Litecoin and cryptocurrency in general.

Because of this, I’ve sold and donated all of my LTC in the past few days. Litecoin was very good for me financially, so I’m well enough that I no longer have to link my financial success to the success of Litecoin. For the first time in more than 6 years, I don’t have a single LTC that isn’t stored in a physical Litecoin. (I have some of these as collectibles.) This is definitely a weird feeling, but also kind of refreshing. Do not worry. I am not quitting litecoin. I will still be spending all of my time working on Litecoin. If Litecoin is successful, I will still be rewarded in a lot of different ways, just not through owning coins directly. I now believe that this is the best way for me to keep monitoring Litecoin growth.

Please do not ask me how many coins I sold at what price. I can tell you that the amount of coins was a small percentage of the daily GDAX volume and didn’t crash the market. “

The sad souls of lost Bitcoin: Bitcoin wallets have complex passwords and security keys that prevent hackers from stealing Bitcoin. Some unfortunate early adopters of Bitcoin have forgotten their passwords and are desperate to turn to hypnotists like Jason Miller for a reminder. And then there is something else James Howell, The man who would be worth $ 126 million in Bitcoin today if his hardware wallet wasn’t buried in a landfill in Newport, Wales.

Nothing like a nice, cold sip of blockchain: Formerly known as Long Island Iced Tea Corp. (LTA), the beverage company added “Blockchain” to its name. The stock rose to 180% almost instantly. For some, this is eerily reminiscent of the dot-com era, when any company could add a “.com” to its name and raise the price. While the company will stay in the beverage industry, it claims it will build and buy blockchain infrastructure to get into the financial services industry. Take care of the world.

Estonia becomes the first country to start an ICO: Kaspar Korjus, managing director E-residency, recently announced the creation of Estonia’s own “estcoin”. The token will be issued to all members of the e-residency program.

EtherDelta interrupts the service after the hack: EtherDelta users were in shock on Wednesday when the popular platform for exchanging cryptocurrencies became available chopped. The hack tricked users into sending tokens to the hacker instead of exchanging them. Approximately 308 ETH ($ 266,789) as well as several hundred thousand US dollars of other tokens were stolen during the digital attack.

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