..

Crypto Market Valuation Drops More Than 55 Percent Over Past Five Months

Written by:
Guest
Published on:
May/22/2018

A number of big investors say they are not concerned that the cryptocurrency market has lost 55% of its value over the past five months.  It was inevitable, they suggest.

The space as a whole went form a $829 billion valuation to just $372 billion.

From CCN:

More institutional investors, retail traders, financial institutions, banks, stock markets, and governments are involved in the cryptocurrency sector than ever and the market is nearly at a yearly low. While most individual investors and newcomers see a sell-off period in a highly volatile time frame like this, large-scale investors see an accumulation period and an opportunity.

Erik Voorhees, the CEO at ShapeShift, stated:

“I’m all for financial companies getting involved in crypto. Crypto as a monetary unit is transparent and legitimate because it’s market-based, as opposed to what they do now, which is handling fiat, which is not transparent and not market-based.”

It’s interesting to note that the market did not react to the entrance of the New York Stock Exchange (NYSE) and JPMorgan into the cryptocurrency market.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Get a Job in Cryptocurrencies

Get a Job in Cryptocurrencies

Getting a job in cryptocurrency will more than likely require a certificate or degree.  One can begin by taking online courses.  Bitcoin Theory covers the design of Bitcoin as a system as prescribed by Satoshi Nakamoto.

Bitcoin Was Created With the Gambling Industry in Mind

Bitcoin Was Created With the Gambling Industry in Mind

In a sign that life may be coming back to normal following over a year of dealing with a global pandemic, CoinGeek's Rebecca Liggero Fontana sits down with the one and only Dr. Craig Wright in her first in-person interview in more than a year.

 One-Stop Wallet, Please!

One-Stop Wallet, Please!

While it may not be prudent to keep all of your eggs in one basket, it would certainly be nice if you could buy all of your eggs from the same market regardless of which eggs you want. The same could be said about the numerous crypto currencies available today. There are new ones popping up what seems to be almost every day. The problem is that you need to have multiple crypto wallets and use multiple exchanges in order to acquire, trade or sell them. 

SpaceX Accepts Dogecoin as Payment to Launch Moon Mission Next Month

SpaceX will launch a satellite to the moon next year funded entirely with the cryptocurrency dogecoin, Canadian company Geometric Energy Corporation (GEC), which will lead the lunar mission, announced on Sunday (May 9).

Dogecoin Tumbles After Musk Calls it a "Hustle" on SNL

Dogecoin Tumbles After Musk Calls it a "Hustle" on SNL

Plus Ethereum promoter explains why he believes Dr. Craig Wright Satoshi claims

Syndicate