As crypto assets such as bitcoin continue to enjoy popularity among speculative investors, the South African Reserve Bank has kick-started the process for “light regulation” of these products.
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Some of the brightest minds in America are pooling their brain power to create a cryptocurrency that’s designed to do what bitcoin has proved incapable of: processing thousands of transactions a second.
Cryptocurrencies dropped on Thursday as bitcoin gave up the $4 000 level it’s hovered around since the start of the year.
Bitcoin rallied above $4 000 on Friday, leading the broad cryptocurrency market higher as the biggest digital asset headed for its best week in a year.
Just as the euphoria surrounding bitcoin was peaking last December, Mark Dow decided to short the leading digital currency. Almost a year to the day, he has closed out the trade.
After one of the worst stretches of losses for cryptocurrencies on record, enthusiasts are taking comfort in a recovery in prices of digital assets including bitcoin, ether, EOS and litecoin.
The year 2018 has been a terrible one for cryptocurrencies, which have been on a race to the bottom that shows no real sign of abating.
Bitcoin headed for another weekly slump on Friday, with the largest cryptocurrency heading closer to $3 000 – a level unseen since September last year.
It turns out that cryptocurrency enthusiasts were committed well beyond the HODL rallying call that urged them to hold on during this year’s digital-asset market collapse.
It seems like every asset bubble has a famous anecdote of someone claiming, right at the top, that a crash is impossible.