Bitcoin Would Survive Recession, But Ethereum Might Crater: Tech VC

Bitcoin would survive a recession, while Ethereum would suffer and Ripple’s XRP would remain unaffected. That’s the prediction of Kyle Chapman, a partner with tech venture capital firm Cosimo Ventures. Chapman wrote in Barron’s that a recession would not hurt bitcoin because it’s decentralized and is mostly independent of the stock market’s cyclical undulations. Fed …

Litecoin Price Leaps 11% – Here’s What’s Fueling the LTC Rally

Litecoin on Saturday surged more than 11 percent against the US dollar, setting a fresh 2019 peak. The litecoin-to-dollar rate established an intraday high at $37.539 on a bounce from near-term ascending trendline support. The “digital silver” cryptocurrency since December 27 was consolidating inside a strict range much like its peers across the crypto-board. The …

Ethereum Extends Impressive Run, up 35% in 1 Week: Factors and Trends

In the past week, Ethereum, the second most valuable cryptocurrency in the global market, has experienced a strong upward movement, recording an additional three percent increase in value on the day. Within seven days, the Ethereum price has increased from $117 to $159, by over 35 percent against the U.S. dollar, making it one of …

No One Knows What Venezuela’s Petro Cryptocurrency is Actually Worth

The value of Venezuela’s oil-backed cryptocurrency, the petro, is seemingly currently unclear, and even taking a look at official government sources yields inconclusive results, given substantial price differences. The petro, announced in December of 2017 as a tool for the South American nation to combat international sanctions, has been a controversial currency so far. Supposedly, …

Tether Briefly Enters Top Four Cryptocurrencies, EOS Spikes by 21%

For a short time yesterday, the Tether stablecoin (USDT) hit 4th place by market capitalization in the cryptocurrency charts. Today Bitcoin (BTC) and other altcoins are showing green. EOS is back in 4th place with a sudden 21% hike, and Stellar (XLM) is now in 5th place with a near 9% price increase. At one …

3 of 4 Ethereum Tokens Outpace Bitcoin on Day of Coinbase Listing

Trading of Civic (CVC), district0x (DNT), Loom Network (LOOM), and Decentraland (MANA) — all ERC-20 tokens that run on the Ethereum network — today went live on Coinbase Pro, and most received a bump from their listing on the crypto exchange. CVC, LOOM, MANA, and DNT Listed on Coinbase In a post earlier today, Coinbase …

Bitcoin Cash Now Worth Less Craig Wright-Backed Bitcoin SV

In a development that it’s fair to say few saw coming, bitcoin sv — the cryptocurrency introduced through last month’s Bitcoin Cash hard fork — is now worth more than the bitcoin cash token itself. CCN reported yesterday that a “flippening” between the two cryptocurrencies appeared to be inbound, as the BSV price steadily gained …

Volatile Much? Here Are the Top 4 Reasons Crypto Went Wild in November

Until the start of November, crypto volatility was trending down. Then, several major events happened and the whole cryptosphere went off the charts. But why? According to the Crypto Volatility report released today by SFOX, cryptoassets showed more volatility than the S&P 500 and gold during November, and there are four key factors that contributed …