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If Bitcoin price history proves anything, it is that this price slump might be far from over. Quickly eroding dominance of Bitcoin is one of its biggest risks.
Introductory statement and closing remarks by Mario Draghi, President of the ECB, Strasbourg, 5 February 2018
Is this only the beginning? Credit card holders from four U.S. banks have been barred from purchasing cryptocurrencies using credit cards at Coinbase, the exchange has confirmed.
Agustín Carstens, General Manager of the BIS: Bitcoin is a "combination of a bubble, a Ponzi scheme and an environmental disaster."
A growing number of virtual currency investors are worried that the prices of Bitcoin and other virtual currencies have been artificially propped up by Bitfinex an Tether.
Google Trends shows: Search queries for Bitcoin are dropping drastically. An indicator of the price development?
Cryptocurrencies rating is difficult. Github activity – the frequency with which the code governing cryptocurrencies is updated – could provide a good indicator. Surprise: Bitcoin is not in the top 5 - Cardano most active.
National Institute of Standards and Technology (NIST): "Bitcoin is a Fork, Bitcoin Cash Is the Original Blockchain"
Last February, when Bitcoin traded around $1,000... I told a private gathering of millionaire investors that the cryptocurrency would hit $5,000 in the near future.
Tether, the issuer of the dollar-pegged cryptocurrency USDT, said its relationship with audit firm Friedman LLP has ended.
Impressions from the "North American Bitcoin Conference" Miami. Bitcoin and Blockchain changed everything. Paper money (fiat money) of central banks is no longer available in the crypto universe.
Bitcoin pulled back 42% from its all-time-high in USD. However, weakening USD means Bitcoin pulled-back even more from other major currencies. But this isn't a bear market, this is the norm.
Coincheck hack: Cryptocurrencies slumped after one of Japan’s biggest Bitcoin venues halted client withdrawals. Ripple worth $123 million was withdrawn from its wallet along with a single withdrawal of 500 million NEM.
Deutsche Bundesbank (Centralbank) warns of stability risk from Bitcoin bubble. "In the medium and longer term, such bubbles can jeopardize financial stability."
Deutsche Bank Chairman Paul Achleitner: "Central banks control the creation of money and they delegate some of that to banks ... So why central banks would sit back and watch how somebody is creating money."
Multicoin Capital - IOTA: no real product market fit, network is centralized and unstable. Critical vulnerabilities to exist in software. overwhelming evidence of serious flaws in the protocol, “we believe that IOTA is sharply overvalued at current prices.”
Weiss Ratings Issues First-Ever Rating Agency Grades on 74 Cryptocurrencies. Bitcoin Gets C+ (“Fair”). Ethereum Is B (“Good”).
There are persistent rumors that the FED and the US-government is considering shutting down all virtual currency exchanges. - Bitcoin tumles again.
To say that the crypto world is simply volatile is a huge understatement. After melting all the way down to $9,500, Bitcoin caught a strong bid, presumably due to a simultaneous combination of short covering and panic buying.