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Earlier this month economics minister Johann Schneider-Ammann, made the case to journalists for Switzerland to become a ...
29/01/2018

Earlier this month economics minister Johann Schneider-Ammann, made the case to journalists for Switzerland to become a major, “crypto-nation” as he arrived at a private crypto finance conference in the alpine resort of St Moritz.

The nation is keen to be a part of the cryptocurrency action, and one area the Swiss are very keen to develop is that of initial coin offerings (ICOs).

ICOs form the financing drive that allows cryptocurrency start-ups sell their tokens and raise funds to develop further. Early investors potentially win big if the solution grips the market.

The FT reported last week as the ICO industry grows in Switzerland its business-friendly reputation has in the past been damaged by tax scandals.

These scandals have cemented a bad reputation for Swiss banks and finance firms allowing wealthy clients to evade tax.

29/01/2018

Bitcoin, the world’s biggest and best-known cryptocurrency, is currently trading at less than $11,300, according to CoinMarketCap - down from a high of more than $12,000 yesterday (January 28).

Its coin market capitalisation is now hovering around the $190billion mark, which is far below its December peak of nearly $335billion.

Bitcoin’s growth looked unstoppable last month, when it surged from less than $3,000 to nearly $20,000 in just a few months.

But the entire crypto market has faltered since the start of the year, with bitcoin’s closest rivals Ripple and Ethereum also struggling.

The bitcoin (BTC) price tracker below shows the digital currency’s value in real time.

26/01/2018

The market around Bitcoin has been relatively measured through the first two weeks of 2018, as last weeks close was at roughly similar levels to where we were three weeks ago. As the market has forged ahead, Bitcoin traders have competed to determine a direction to start the year, and this dynamic provided the opening for a round of sideways price action as bulls and bears wage a battle for control.

As we enter this week, Bitcoin price is struggling to remain on the topside of a classic triangle formation, and if we see a break to the downside early in the week, it could prove to be a crystallizing event foretelling the re-emergence of bearish control on the ultimate direction of the price of the popular cryptocurrency.

Last week, there was a significant development as we saw a move below the 50-day moving average on a daily chart, and the lack of support at that level could be interpreted as a clear warning sign for traders

We are happy to announce that 3 new hot 🔥 crypto are available for trading on this platform ✓ NEO - 'Chinese Ethereum' N...
24/01/2018

We are happy to announce that 3 new hot 🔥 crypto are available for trading on this platform

✓ NEO - 'Chinese Ethereum' NEO has been created to shift our traditional economy into the new era of the "Smart Economy";

✓ STELLAR - a blockchain network for building fintech applications and smartcontracts;

✓ QTUM - a project from Singapore intended for interoperability between Bitcoin and Ethereum.

Choose your crypto to trade https://goo.gl/A6asF7

24/01/2018

Following the weekend meltdown, cryptocurrency prices continue to dip. At press time, from all the top 10 cryptocurrencies only XRP was in the green, having gained 2.37% per 24h);
✓ Tesla said today, Elon Musk will get no salary from Tesla Inc and all his compensation as Chief Executive of the electric car maker will be tied to stock and operational milestones;
✓ $4 million of IOTA tokens were stolen by hackers, who reportedly used seeds collected through iotaseed.io to move funds to their wallets;
✓ Goldman Sachs issued a warning on Bitcoin and Ethereum saying that there is “no doubt” that the cryptocurrency’s astronomical rise over the past year “has pushed it into bubble territory.”

*Information sources: the merkle, marketwatch, cointelegraph, reuters, cnbc, coindesk, coinmarketcap, recode.net. TSLA pre-market

24/01/2018

Top News:

✓ The cryptocurrency market is back on track again. After losing prices for a couple of days, most of them are recovering. The entire economy has now reached $534 billion, and more than 1400 coins are present today on the market;
✓ Bitcoin climbs above $11,000 in mid-morning trading, up more than 10% from a low of $9,972.29 hit early Tuesday morning, according to CoinDesk's bitcoin price index;
✓ Stripe, payment platform, will no longer be supporting Bitcoin payments starting April 2018. High transaction fees and volatile prices have made bitcoin a difficult and unreliable method of payment;
✓ Alibaba could 'redefine the future of commerce,' says analyst from Jefferies. With 15% of China's retail space being online, Alibaba is looking to "digitalize the remaining 85 percent." Alibaba has already managed to grow its gross merchandise value from $100 billion six years ago to $500 billion today.

*Information sources: the verge, benzinga, the merkle, marketwatch, cointelegraph, reuters, cnbc, coindesk, coinmarketcap, recode.net. BABA pre-market- Jan 24, 6:36 AM EST

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