Welcome to my Cryptocurrencies Markets Overview for Thursday, September 28, 2017.
Today in the news:
- 1 Bolivar now equals 1 Bitcoin Satoshi in Venezuela
- The privacy-focused cryptocurrency zcash has had a wild 24 hours.
- Localbitcoins trading volume sets new global all-time high
- Steem is one of the biggest gainers today, up 9.4% :)
- And more crypto news below...
24 Hour Change
7 Day Change
Month-to-Date Change
24 Hour Volume
Market Capitalization
Bitcoin 4 Hour Chart
We're back above the 200 Moving Average on the 4 hour chart, but notice the middle yellow restistance line...
Feel free to use and share my charts, but please mention me as the author.
Latest Crypto News - September 28, 2017
In Bitcoin Testbed Venezuela, 1 Bolivar Now Equals 1 Satoshi
Venezuela’s Bolivar (VEF) is now worth just one satoshi as hyperinflation takes an ever deeper hold in the struggling country.
Read more: cointelegraph.com
NEO Price Fights for Stability at $30 After Speculators Take Profits
With all cryptocurrencies seemingly going through a recovery process, one would expect great things to happen. That is not always the case, mind you, as NEO is currently suffering from heavy losses. Even though the NEO price still hovers around $29 right now, it was a net 7.1% loss compared to 24 hours ago. Reaching a new all-time high will have to wait for at least another day, by the look of things.
Read more: themerkle.com
Zcash's Wild Ride: Prices Spike to $400, Fall to $300, But What's Next?
The privacy-focused cryptocurrency zcash has had a wild 24 hours.
Read more: coindesk.com
Korean Media Giant Buys 65% Of Bitcoin Exchange Korbit For $80 mln
Korea’s second largest cryptocurrency exchange Korbit has sold to media giant NXC for up to $80 mln. NXC, which owns online games platform Nexon, has now confirmed the deal which local media previously reported on earlier this week.
Read more: cointelegraph.com
Localbitcoins Trading Volume Sets New Global All-Time High
Peer-to-peer (P2P) bitcoin trading on Localbitcoins established a new global weekly all-time high for the week of the 19th of September, largely driven by an exodus of capital from China’s cryptocurrency markets. The spike in global P2P trading volume has seen record-breaking Localbitcoins trading volume across numerous international markets, including China, India, Malaysia, New Zealand, Pakistan, Switzerland, Thailand, the United Arab Emirates, and Venezuela in recent weeks.
Read more: bitcoin.com
Bahrain May Adopt Bitcoin and Issue Bonds in Digital Currency
The Middle East island country of Bahrain is becoming interested in bitcoin and cryptocurrency. Their government hopes to be on the cutting edge of fintech innovations. Khalid Al Rumaihi, the chief executive of the Economic Development Board of Bahrain, mentioned the country has been eyeing the blockchain sector for some time. He hopes Bahrain can “issue bonds on digital currency.”
Read more: bitcoin.com
Royal Bank of Canada Uses Blockchain for Payments to US Banks
Royal Bank of Canada (RBC) is testing blockchain solutions for sending funds to US-based banks, reported Reuters on Thursday. Distributed ledger technology would improve the speed of payments, said Martin Wildberger, RBC’s executive vice president for innovation and technology.
Read more: cryptovest.com
Not All That Glitters is Bitcoin: What is Really Bitcoin Gold?
There is a website with a message saying October 25 is the kickoff date for an entity called Bitcoin Gold. But would it have anything in common with Bitcoin except for the name?
Read more: cryptovest.com
Bitcoin Price Rises Above $4,250 Again as Trading Volume Picks up
Cryptocurrency enthusiasts will be pleased to see the Bitcoin price go up once again. Yesterday was a pretty good day already, with the Bitcoin price surpassing $4,000 for the first time in a while. Today, that same BTC is valued at $4,250 and it appears this trend will continue for some time to come. Although we may not see a new all-time high anytime soon, things are heading in the right direction as we speak.
Read more: themerkle.com
Bitcoin Cash Gains More Infrastructure In the Midst of Segwit2x Drama
This week the Bitcoin Cash (BCH) ecosystem is seeing further infrastructure growth as wallet providers, merchants and exchanges continue to announce BCH support. The entire BCH network is seeing improvements every day, while the legacy chain and Segwit2x supporters argue relentlessly.
Read more: bitcoin.com
NO2X Is the New UASF: Bitcoin’s New Anti-Big Block Movement Gains Steam
Members of the former “UASF” (user-activated soft fork) Bitcoin movement have switched focus recently, adding “NO2X” to their Twitter handles. In case you’re wondering, it signals opposition to “2X” — the part of the “SegWit2x” roadmap that introduced segregated witness transactions, with the proviso that a block size increase to 2MB be considered a few months later.
Read more: bitsonline.com
Silbert-Backed Bitcoin Investment Trust Withdraws SEC Application
Bitcoin Investment Trust (GBTC), a bitcoin fund backed by Barry Silbert’s Grayscale Investments LLC, has withdrawn a request to publicly list its shares. The company cited a lack of regulatory progress in the industry as its reason.
Read more: bitsonline.com