Bitcoin Plunges Nearly 10 Percent

Written by:
Guest
Published on:
Jan/30/2018

Bitcoin and other cryptocurrencies were seeing a huge drop in price Tuesday following some modest stability in recent days.

By 1:16 pm EST Bitcoin had dropped to $9,810 before rebounding shortly after 2 pm EST to slightly above $9,900.  The price fell below $11,000 shortly after 6 pm EST Monday.

Both Bitcoin and Bitcoin Cash were down between 10 to 11 percent from yesterday.

CoinDesk.com made the following observation:

According to information from sites like CoinMarketCap and OnChainFX, the prices of all of the top-10 cryptocurrencies by market capitalization (which is the spot price of the token multiplied by the total amount of tokens in circulation) have fallen in the past 24 hours.

NEM's XEM token was hit especially hard following a $500 million hack from Japanese cryptocurrency exchange Coincheck.  It was not known if that news was adversely affecting prices of other cryptocurrencies over the past 24 hours.

- Gilbert Horowitz, Gambling911.com

Business/Financial News

How Does a Pay Per Head Work?

A Pay Per Head business is one in which you pay X amount of dollars per customer per week to have another company run nearly every aspect of your bookmaking business.

How Much Profit do Bookies Make?

How Much Profit do Bookies Make?

Bookies are people that accept action on various sports, and most bookies have an average weekly hold percentage of around 5%.

QuadrigaCX Founder Dies With Only Access to Exchange Password: Made Out Will Days Prior

The CEO and founder of Canadian cryptocurrency exchange QuadrigaCX wrote his will just 12 days prior to his death, but he neglected to disclose the crypto exchange password.

6 Fatal Errors That Could Be Costing Online Bookies Serious Profits

6 Fatal Errors That Could Be Costing Online Bookies Serious Profits

Online bookies need to be aware of 6 fetal errors that cause agents to close shop for good. Find out if you’r making these mistakes and if your sportsbook is spilling potential profits everywhere.

Choosing the Best Sports Betting Software Platform

Choosing the Best Sports Betting Software Platform

Recently, the popularity of sports betting in the U.S. and around the world has seen a tremendous boost in popularity. Furthermore, the internet has seen a large increase in new sportsbooks in the past 6 months. 

Syndicate