Following a rough and tumble week where most major cryptocurrencies and altcoins were trapped in the red, brief signs of recovery on Monday have reversed as Bitcoin, Ethereum, and Ripple continue to drop in price.
Recent activity on the United States' east coast also shows that hype surrounding digital currency and blockchain technology hasn't died down, despite price dips and market volatility.
Since our last price piece, ETH has experienced a price dip and is now trading for $686.90 - about the same from where it previously stood.
The high attendance marks for both the Consensus and Ethereum events suggest that investor interest in cryptocurrency remains high despite ongoing volatility.
Bitcoin Cash has witnessed a solid drop in its price since our last article.
Previously trading at just over $1,400, the currency is now trading for about $1,253.
On Monday, the Winklevoss Twins announced they were adding Bitcoin Cash to their New York-based cryptocurrency platform Gemini Exchange.
While trading details have not yet been released, the company has also stated that it will enable Zcash deposits beginning on May 19, making Gemini the first official Zcash trading platform in the U.S.Litecoin.
Litecoin is trading for about $136. This marks a four-dollar decrease since our previous price piece.
Litecoin will be joining Bitcoin Cash on the Gemini Exchange, and while details are scarce for now, the news may have instigated the currency's temporary rise beyond the $145 mark.
Crypto Watch: Price Drops for Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin
Published on May 16, 2018
by Cryptoslate | Published on Coinage
Bear Market Forces Bitmain to Close Blockchain Development Center in Israel
The downturn of the crypto market has forced Beijing-based Bitcoin mining giant Bitmain to close its blockchain development center in Israel and lay off all of its employees, Israeli business news outlet Globes reported on December 10, 2018.Shutting Down All Operations in Israel.
But It Doesn't Have to Signify Nothing
If you're going to sell, you need to slink quietly out the back door.
Major Stablecoin Basis to Close, Return Funds to Investors: Sources
Major United States-based stablecoin project Basis will shut down operations and return most of its funds to investors, crypto news outlet The Block reports today, Dec. 12.Citing "Multiple people with direct knowledge of the situation," the reports states that the algorithmic stablecoin project is set to return the majority of the $133 million in funding it raised in a private placement in April.
Binance Launches Blockchain DEX to Compete with Ethereum, EOS, TRON
Binance, the world's largest cryptocurrency exchange by trading volume, is launching its own blockchain that will support the forthcoming decentralized exchange Binance DEX and host its native Binance Coin, the company announced in a Medium post on December 5, 2018.