Welcome to my Cryptocurrencies Markets Overview for Monday, October 23, 2017.
Today in the news:
Feel free to use and share my charts, but please mention me as the author.
Russia’s First Deputy Prime Minister Igor Shuvalov promised not to let initial coin offerings (ICOs) in Russia “die” because of regulations last week. Despite bills being prepared to regulate them, President Vladimir Putin has said that ICOs hold “tremendous potential” and should not be obstructed.
Read more: bitcoin.com
After rallying to a new record high, bitcoin is once again trending down. According to Coindesk's Bitcoin Price Index (BPI), bitcoin prices dipped below $5,800 this morning – prices first passed the $6,000 mark on Friday and set the new all-time high (of $6,148) at 15:00 UTC on Saturday. That figure takes the cumulative returns from the September low of $2,980 to more than 100 percent.
Read more: coindesk.com
Bittrex, the US-based Bitcoin and altcoin exchange has announced its official position on Bitcoin Gold. The exchange, widely regarded as a substantial player in the marketplace, had previously hesitated issuing a formal statement.
Read more: cointelegraph.com
Cryptocurrency trading platform BitMEX has told users to dump SegWit2x Bitcoins “immediately” following November’s hard fork.
Read more: cointelegraph.com
Bitcoin prices break records, but large institutional investors are still cautious. The market is still more volatile and less liquid compared to older asset classes and rule-bound investors cannot buy in yet.
Read more: cryptovest.com
Bitcoin cash is planning its version of a hardfork on November 14th to update its Difficulty adjustment algorithm (DAA).
Read more: cryptovest.com
The Bitcoin Gold project does one thing well- promising free coins. But the rest of the project looks worrying, with pre-mined coins, wallet confusion and difficulties working with exchanges.
Read more: cryptovest.com
There is a new development in the ongoing Coin.mx court case. As most people are well aware, this particular cryptocurrency exchange operated without an official license, which prompted the US government to scrutinize all of its operators. Yuri Lebedev has been sentenced to 16 months in prison for his part in this Bitcoin exchange. It’s an interesting plot twist, to say the very least.
Read more: themerkle.com
The American stockbroker immortalised in the film The Wolf of Wall Street has warned that the craze for initial coin offerings has become "the biggest scam ever".
Read more: telegraph.co.uk
Kazakhstan has become the latest country to show an intention of creating its own fiat-based digital asset, following in the footsteps of its former Soviet handlers, Russia.
Read more: cointelegraph.com
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