TagStellar

Carnage: Crypto Market Loses $16 Billion Overnight as Assets Plunge 10% to 30%

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Overnight, the crypto market has lost about $16 billion of its valuation as it dropped from $123 billion to $107 billion. For the first time since May 2017, the Ethereum price has fallen to the $80 region, deleting all of the gains recorded throughout the bull market of late last year. The Bitcoin Cash price fell to a double-digit at $94 for the first time in its 16 month history. Upon the...

Canadian Crypto Exchange Coinsquare Acquires Stellar Wallet BlockEQ

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Coinsquare, the crypto exchange that has been nicknamed the “Coinbase of Canada,” has acquired Stellar wallet BlockEQ as it seeks to expand its offerings beyond cryptocurrency trading. The Toronto-based Coinsquare announced the deal on Thursday, revealing that it had paid $12 million CAD (~$9 million USD) to acquire BlockEQ, a non-custodial wallet that allows crypto users to store XLM and other...

Crypto Market Loses $6 Billion in Big Downtrend, is $3,000 Bitcoin Unavoidable?

Within a 48-hour span, since December 5, the Bitcoin price has dropped from $3,913 to $3,678, by just about six percent. Other major cryptocurrencies like Ethereum (ETH) and Stellar (XLM) have declined by more than 10 percent in the past two days. The Ethereum price has dropped from $112 to $101 while the Stellar price has declined from $0.15 to $0.13, by over 13 percent. In the past 12 hours...

Crypto Market Adds $7 Billion as Bitcoin and Ethereum Rebound by 5%

In the past 24 hours, the cryptocurrency market added $7 billion to its valuation as Bitcoin and Ethereum rebounded by around five percent. Bitcoin (BTC) successfully defended a relatively weak support level at $4,000 with strength and Ethereum (ETH) prevented a further drop below the $110 level. However, based on the level of the momentum of major cryptocurrencies throughout the past several...

$19 Billion Gained in 24 Hours: Crypto Market Makes a Recovery

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Within the past 24 hours, the crypto market has added $19 billion to its valuation as the price of Bitcoin (BTC) surged to $4,300. After dropping to the low $3,000 region, Bitcoin engaged in an unexpected price rally, rising by more than 15 percent on a single day. The newly established momentum of Bitcoin allowed the rest of the cryptocurrency market to recover. Major digital assets like Stellar...

Crushing it: Stellar, Litecoin, Monero, & Zcash Post Major Gains as Crypto Market Rallies

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A few of the top 15 cryptocurrencies saw notable increases over the past twenty-four hours. Stellar saw a gain of 15% against the US dollar, with 22% of its volume being against USD or USD-pegged cryptocurrencies themselves – meaning these gains are realistic, not just figurative. Litecoin gained over 13% against the dollar while Monero jumped nearly 16%, and Zcash was hot on its heels. Stellar...

Bitcoin Price Drops 7% Yet Again as Crypto Market Struggles to Retain Momentum

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Throughout the past 24 hours, the price of Bitcoin (BTC) dropped from $4,065 to $3,600, reversing a short-term corrective rally. The dominant cryptocurrency has been on a steep downtrend for several weeks but on November 26, for a brief of time, Bitcoin seemed to be initiating a corrective rally after reaching a new yearly low at around $3,400. Temporarily, Bitcoin spiked to $4,000, engaging in a...

'One Blockchain': Ambitious Crypto Project Kin Forks Roadmap [Again]

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The developers of Kin, the cryptocurrency created by social media app Kik, have announced that the crypto token will undergo yet another major developmental redesign as they seek to marry scalability with an intuitive user experience. The Kin Foundation revealed on Wednesday that, in a departure from the crypto project’s earlier roadmaps, developers plan to go “all in” on an independent Kin...

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