Recap | Crypto markets rattled, Bitcoin breaks below $10k as altcoins crash | "Keep Big Tech Out of Finance Act" proposes $1 million per day fine on tech companies acting as financial institutionsBTC: $9464 / ETH: $197.87 / XRP: $0.29 / BCH: $276.73 / LTC: $79.33
Crypto markets rattled, Bitcoin breaks below $10,000 as altcoins crash
Forty-year trading veteran Peter Brandt made the headlines earlier this month when he stated that a violation of the "parabolic phase" that started in December 2018 could ignite an 80 percent correction of the entire parabolic advance. Are Cardano, Chainlink and Ravencoin doomed to continue falling?
After the major surge in mid-December 2018, the market seems to have found an exhaustion point. The retrace gives an opportunity for sideliners to buy in before the next upswing. "Keep Big Tech Out of Finance Act" proposes $1 million per day fine on large tech companies acting as financial institutionsA recent bill, "Keep Big Tech Out Of Finance Act," recommends prohibiting giant tech firms from serving as financial institutions or launching their own cryptocurrency. Vitalik Buterin proposes using Bitcoin Cash as Ethereum's data layer
The co-founder of Ethereum, Vitalik Buterin, proposed using Bitcoin Cash as a short-term solution for adding a data availability layer to Ethereum. Growing hashpower means Bitcoin and Bitcoin Cash could halve at the same time
Despite an initial difference in mining speed between the two Bitcoin forks, an increase in BTC's hashpower has been steadily narrowing Bitcoin's supply lead. Tether accidentally issues $5bn worth of USDT, claims it was an issue with decimals
Tether, the issuer of the USDT accidentally issued $5 billion worth of its own stablecoin while Poloniex was conducting a USDT chain swap from Omni to Tron. US regulation against Bitcoin could be the catalyst for the next upswing
In a recent briefing held by the U.S. Secretary of the Treasury Steven Mnuchin, the U.S. government revealed its stance on cryptocurrencies and the efforts it will carry upon to regulate Bitcoin because of its use in criminal activity and the threat it poses to the financial system. ICYMI📈 Bitcoin network hashrate sees fastest growth in history 🤦🏻♂️ Nouriel Roubini lost his cool during debate with BitMEX CEO Arthur Hayes Featured blockchain companiesThanks to the following companies for their support: 📈 MeterQubes - offers the next generation peer-to-peer decentralized trading platform. 🚀 MXC - MXC Exchange is an exchange platform focusing on cryptocurrency assets, founded by some senior practitioner in blockchain industry and specialists from Wall Street, Japan, and Europe. Want to be featured here? Contact us to learn more. Crypto market dataFor more pertinent market data, please see: ⚡️ CryptoSlate ResearchCryptoSlate Research is an an exclusive, premium newsletter that delivers thoroughly researched, long-form analysis from cryptocurrency and blockchain experts. Connect with usTelegram • Twitter • Facebook • LinkedIn • YouTube • Instagram 🔥 Interested in sponsoring this newsletter? Contact us. Disclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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