Category Archives: Digital Currency News
As the dust settles from China’s crackdown on cryptocurrencies, Ethereum looks poised for a rally that could send it across the $300.00 level. However, the situation remains tenuous.
The Chinese ban confirmed the worst fears of some investors—that central banks and other vested interests will regulate against cryptocurrencies to keep their hold on power.
It’s not an unreasonable fear, but I should add that regulators only banned yuan to crypto exchanges, not the existence of blockchain itself. That may sound like a difference without a distinction, but it could be.
The post Ethereum Price Forecast and Analysis – September 19, 2017 appeared first on Profit Confidential.
For the first time in a week, cryptocurrencies stuck their heads above water. The Ripple-to-USD exchange rate jumped 7.13% to $0.188622, while simultaneously falling 4.22% against Bitcoin.
China’s ban on cryptocurrency exchanges was once again the biggest piece of Ripple news. This time, however, prices moved to the upside, because investors realized that last week’s reaction was a little excessive (if not downright apocalyptic).
What makes it worse is that Ripple didn’t deserve the beating it took last week.
For one thing, less than five percent of its.
The post Ripple Price Forecast and Analysis – September 18, 2017 appeared first on Profit Confidential.
Bitcoin Turned $25 into $34 Million
Bitcoin, bitcoin, bitcoin, bitcoin, bitcoin, bitcoin…bitcoin. It’s all that anyone seems to be talking about, yet the volatility of Bitcoin is terrifying. Double-digit swings are a normal occurrence. And no one can explain what it does, at least not in plain English.
But there’s no denying that Bitcoin is a gold mine.
Investors that bought BTC coins in 2013 would have gained 2,411% by now. And those that “mined” the currency made even bigger returns..
ETH prices fell roughly 11.36% in the last 24 hours to near $238.72. At the same time, the Ethereum to Bitcoin exchange rate dropped almost 5.44%.
The biggest piece of Ethereum news today is the potential Chinese crackdown on cryptocurrency exchanges. Well, that and the recent comments from Jamie Dimon, CEO of JPMorgan Chase & Co. (NYSE:JPM).
Both of these developments dragged down the short-run Ethereum price.
The post Ethereum Price Forecast and Analysis – September 14, 2017 appeared first on Profit Confidential.
XRP’s expansion into China had been arguably the best Ripple news this summer, but now it seems insignificant amid rumors that Chinese regulators will close domestic cryptocurrency exchanges.
Although rumors of this supposed crackdown have been swirling for days, they were given fresh life by a report in The Wall Street Journal.
Based on anonymous sources, The Wall Street Journal is reporting that Chinese authorities are frustrated with the “disorder” of cryptocurrency markets.
Considering that similar frustrations led to the banning of.
The post Ripple Price Forecast and Analysis – September 13, 2017 appeared first on Profit Confidential.
In the last 24 hours, Litecoin prices jumped nearly 5.76% against the U.S. dollar and roughly 2.57% against Bitcoin. The LTC to USD exchange rate is currently sitting at $68.32 at the time of this writing.
Any Litecoin news there was took a backseat to bigger industry trends on Monday.
Investors were preoccupied with rumors that the Chinese government is looking to shut down Bitcoin exchanges. However, it’s likely these fears are extended from China’s actual crackdown of initial coin offerings (ICOs).
The ICO market is facing deep skepticism at home.
The post Litecoin Price Forecast and Analysis – September 12, 2017 appeared first on Profit Confidential.
In the last 24 hours, XRP prices jumped roughly 6.57% against the U.S. dollar and near 4.77% against Bitcoin to reach a level of around $0.217847. It was a happy reprieve from the weekend bloodshed in cryptocurrency markets.
None of the previous Ripple news—much of it bullish—could quell the market reaction to China’s banning of initial coin offerings (ICOs). Upon hearing that the world’s largest market would audit or close certain exchanges, investors responded with panic and doubt.
Despite this, Ripple prices are up approximately 6.02% from seven days ago,.
The post Ripple Price Forecast and Analysis – September 11, 2017 appeared first on Profit Confidential.
Where Ethereum Goes from Here
Aside from Bitcoin, no cryptocurrency is more popular and promising than Ether (the native token of the Ethereum platform). ETH prices exploded by 3,995% since the start of 2017, beating every Ethereum price forecast in the world. Yet now that it’s time to make Ethereum price predictions for 2018, analysts outside crypto-land remain gun shy…
…and it’s no secret why. They are worried about a bubble in the crypto market cap.
Out of this concern comes a hesitancy that prevents them from saying the obvious: that Ethereum.
The post Ethereum Price Prediction 2018: $1,000 Is Our Ethereum Price Target appeared first on Profit Confidential.
After a Chinese ban on initial coin offerings (ICOs) came into effect earlier this week, cryptocurrency value plunged across the board. Bitcoin, Ether, Ripple, and Litecoin all took double-digit dives on Monday.
But the industry is already in recovery, with LTC prices crossing back above $80.00 at the time of writing. The resurgence suggests that investors are hewing to the long-run Litecoin price forecast as opposed to a short-term outlook.
Litecoin is up about 6.93% in the last 24 hours, roughly 21.31% in the past week, and nearly 74.55% from the previous month.
Newcomers to the cryptocurrency world might be wondering whether it was a specific piece of Litecoin news that.
The post Litecoin Price Forecast and Analysis – September 7, 2017 appeared first on Profit Confidential.
Who Is Kim Dotcom?
If cartoon villains entered the real world, they’d probably look a lot like Kim Dotcom, the notorious Internet entrepreneur who founded Megaupload Ltd.
Not only does he live in a remote part of the world (New Zealand), but his ongoing feud with the U.S. government and Hollywood sounds like it was ripped straight from the pages of an Austin Powers screenplay. He would be Dr. Evil to their MI6.
That said, Kim Dotcom should not be dismissed as an Internet wackjob. He has serious accomplishments under his belt, including having built one of the largest websites in the world: the now defunct Megaupload.
At its height, Megaupload was.
The post Bitcoin Prediction 2030: Kim Dotcom Says $100,000 Bitcoin Price Is Possible appeared first on Profit Confidential.