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
Bitmain Announces Next-Generation SHA-256 Antminer Chips
Bitmain, one of the largest cryptocurrency mining ASIC manufacturing companies, announced on Sept. 21 the release of new SHA-256 mining rigs at the World Digital Mining Summit in Georgia.
Hodler's Digest, September 16-23: Elon Musk Wants Advice on Twitter Crypto Scammers, the US SEC Wants Comments on BTC ETFs
As a result of a security breach on September 14, hackers have managed to steal 4.5 billion yen from Japan's Zaif cryptocurrency exchange, as well as 2.2 billion yen from the assets of the company, with total losses amounting to 6.7 billion yen or around $59.7 million.
Iceland's Industry to Shift From Crypto Mining to 'Pure Blockchain Business,' Insiders Say
Iceland's crypto industry is expected to move away from crypto mining and shift to "Pure blockchain businesses." This is according to forecasts made by a number of local industry insiders who talked to the news site Red Herring September 23.
From a Ripple to a Tidal Wave: Collaboration With PNC Leads to XRP Surge
Ripple made the announcement on Sept. 19, stating that PNC's Treasury Management unit will be using its xCurrent software solution to expedite cross-border transactions for the bank's U.S. commercial clients.