Welcome to my Cryptocurrencies Market Overview for Wednesday, November 22, 2017.
Today in the news:
- JP Morgan Chase Makes Surprising Announcement, May Add Bitcoin Futures
- DASH, Monero and Zcoin Soar as Traders Turn to ‘Privacy Coins’
- Moroсco Outlaws Cryptocurrencies
- Novogratz: Bitcoin is 'digital gold' and will end the year at $10,000
- And more news below...
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Latest Crypto News - November 22, 2017
JP Morgan Chase Makes Surprising Announcement, May Add Bitcoin Futures
According to reports in the Wall Street Journal, JP Morgan Chase is considering providing access to the Chicago Mercantile Exchange’s (CME) Bitcoin futures trading through its futures platform. The CME’s announcement last week regarding the addition of Bitcoin futures sent prices of the cryptocurrency to new all time highs over $8,300.
Read more: cointelegraph.com
Other sources:
- JPMorgan reportedly getting into bitcoin futures trading even though Dimon believes it is a fraud (CNBC)
- Is JP Morgan Moving Closer to Offering Bitcoin Futures to Clients? (Cryptovest)
Bitcoin.com Wallet Causes Controversy Among Cryptocurrency Users
The number of Bitcoin wallets available today is absolutely amazing. Every platform has its own wallet, or even multiple offerings to choose from. However, not all Bitcoin wallets are created equal or focus on Bitcoin itself. It is clear that the Bitcoin.com wallet is purposefully misleading novice cryptocurrency enthusiasts. Bitcoin Cash is not Bitcoin, and this app’s listing should be modified to reflect the truth.
Read more: themerkle.com
Monero Price Successfully Surpasses $155 and Reaches new All-time High
It has been a pretty interesting week for Monero holders. With the Monero price surging toward $155 at the time of writing, it seems people are actively looking for a currency that provides proper anonymity. There have not been any recent XMR-related announcements to speak of, but many people would argue the Monero price has been suppressed for some time now. How all of this will play out in the long run, remains to be determined.
Read more: themerkle.com
Other sources:
- Two-Week Rally Pushes Monero to New Record High (Coindesk)
- DASH, Monero and Zcoin Soar as Traders Turn to ‘Privacy Coins’ (Bitsonline)
Warning Signs About Another Giant Bitcoin Exchange
These days, no exchange is bigger than Bitfinex, an opaque operation that provides no information on its website about where it is or who operates the company. Bitfinex, which is officially incorporated in the British Virgin Islands, has been fined by regulators in the United States and cut off by American banks, and it has lost millions of dollars of customer money in two separate hackings, leading critics to question whether it even has the money it claims to hold.
Read more: nytimes.com
Other sources:
Moroсco Outlaws Cryptocurrencies
Morocco has officially instituted a ban on transactions using cryptocurrencies, citing a lack of regulation as a ‘danger’ to users. According to an official press release on its Office des Changes website, the country’s foreign exchange regulator took a firm stance on the use of cryptocurrencies in the country.
Read more: cointelegraph.com
Wealth Managers Being Bombarded With Investor Requests to Buy Bitcoin
Wealth managers around the world are being bombarded by Bitcoin requests, according to a new report by Bloomberg. The spectacular rise in value of the cryptocurrency has caused a run on the investment, with a huge number of investors seeking positions in the new asset class.
Read more: cointelegraph.com
Real Estate World “Shocked to Find Out How Many People Have Bitcoin”
From Miami to Manhattan, the real estate world is under pressure to accept bitcoin. Savvy sellers are looking to cash out depreciating fiat, hoping to ride the decentralized cryptocurrency’s increasing value.
Read more: bitcoin.com
Billionaire Investor Believes Bitcoin Will Reach $10,000 by End of Year
Bitcoin's tremendous rally in 2017 has left analysts racing to revise their predictions. Mike Novogratz feels that Bitcoin's rally is not done yet and that it is poised to cross $10,000 by year end.
Read more: cointelegraph.com
Other sources:
Dash Hits USD Record $570 On 2MB Block Upgrade, Zimbabwe Deal
Privacy-focused altcoin Dash has hit $570 per coin for the first time as a client update and new features send investment into overdrive. The release of Dash Core version 12.2 Nov. 8 delivered both a 10 times reduction in transaction fees and an upgrade to 2MB blocks. Since then, Dash has risen over $250 to reach new USD highs unmatched throughout its history. It has also reclaimed the title of fifth-largest cryptocurrency by market cap.
Read more: cointelegraph.com
Other sources:
- Dash Price Reaches new All-time High of $574 (Themerkle)
- DASH Goes Wild: As Mining Accelerated, Price Heads for $600 (Cryptovest)
Italian Bank Intesa Sanpaolo Explores Ethereum Derivatives
A subsidiary of global banking giant Intesa Sanpaolo is taking steps to reimagine what the $1.2 quadrillion derivatives market might one day look like on a public blockchain.
Read more: coindesk.com
poor Moroсco what are they thinking trying to control their people :P
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So sad ;-( .
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I think the people of Morocco are fraudulent doing bitcoin transaction
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I wish steem get $100+ one day.
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Bitcoin remains close to record highs on Wednesday after rising above $ 8,000 for the first time in nine years on Monday, fueling worries about an asset bubble.
On the Bitfinex stock exchange based in the United States, Bitcoin was at $ 8,270.90 at 08:05 AM ET (01:05 PM GMT).
On Tuesday, he touched $ 8,310.20, a high since his inception nine years ago, before losing more than $ 400 after a $ 31 million flight of cryptocurrency revived market anxiety.
Bitcoin, which is known for its strong fluctuations, tends to bounce back quickly.
Bitcoin has grown more than 700% this year, with three separate corrections of more than 25%, all of which have given way to subsequent rallies. At current prices, bitcoin has a total market capitalization of approximately $ 137 billion.
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ok this is a very useful post my friend. thanks for sharing.
Apvote and reestem
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very good news..
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With bitcoin futures coming up in December, Bitcoin is definitely headed to $10,000+.
Did Jamie Dimon just give a thumbs up to bitcoin?! Interesting...
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Quite a good day for Steem.
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I am here especially for Market Capitalization% graph, as always. It looks good these days :)
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