Are cryptocurrencies the future of the financial industry? Read the latest news written by our expert currency market analysts on this fascinating and ever-evolving innovation.
“A US Supreme Court verdict from 1946 suffocates the cryptocurrency market. The problem was noticed both by congressmen and the US financial regulator. However, it is most likely that it will not be solved quickly, and cryptocurrencies will face difficult months,” writes Bartosz Grejner, Conotoxia Analyst.
“For over a year cryptocurrency prices have been falling gradually. To survive the so-called bear market, some investors engage in a process called staking. It makes it possible to generate a profit even when prices are at a deadlock,” writes Bartosz Grejner, Conotoxia Analyst.
"Bitcoin has dropped below the average cost of its mining meaning that some cryptocurrency miners may stop the activity, which has become unprofitable. This may cause an escalation of the downward trend and bring bitcoin’s price below 2,000 dollars," writes Bartosz Grejner, Conotoxia Analyst.
"The worldwide success of an online game resulted in an annual profit of 3 billion USD, but it did not evade the attention of criminals. Through the in-game currency and the dark web, fraudsters "washed dirty" money, also using cryptocurrencies,” writes Bartosz Grejner, Conotoxia Analyst.
"The Japanese financial regulator is against the introduction of cryptocurrency derivatives. This will be another setback for those virtual currencies, which are unable to break out of the downward trend observed throughout 2018," writes Bartosz Grejner, Conotoxia Analyst.
"Users of two social networks influenced the prices of over 300 cryptocurrencies, including bitcoin. The median of price increases resulting from this was even over 20%," writes Bartosz Grejner, Conotoxia Analyst.