Below $300: Ether Price Hits New Low for 2018

shutterstock 26413940

Ether, the world's second largest cryptocurrency by market cap, fell to its lowest price on Monday at 2018. According to CoinDesk's Ethereum Price Index (EPI), cryptocurrency fell below $ 300 for the first time since November 12, 2017, at 16:50 UTC on Monday's trading session. The ETH appears to have traded at an average price of $ 289.16. This is a 9.6% decline since the end of the day. According to data from CoinMarketCap, ETH is the biggest loser among the top 10 cash-to-market calls in the market, with a…

Read More

Bitcoin Dominance Rate Hits 50% For First Time in 2018

btcdominance

Bitcoin (BTC) now accounts for 50% of the total cryptocurrency market cap. Since December 19, 2001, CoinMarketCap's bit coin dominance ratio (an indicator of the ratio of total cryptocurrency market capitalization contributed by leading cryptocurrency) reached 50% for the first time. According to the media, BitCoin's market capitalization currently stands at $ 105,785,552,545, which is about $ 910 million more than the combined market cap of all other merged creep-tocks. Charts with CoinMarketCap The chart above shows that the beat coin dominance has steadily increased over the last few months…

Read More

Bitmain Hits $15 Billion Valuation With Recent Backing From Uber's Largest Shareholder

bitmain hits 15 billion valuation with recent backing from ubers largest shareholder

Bitcoin (BTC) mining behemoth Bitmain is now valued at $15 billion after closing a pre-Initial Public Offering (IPO) funding round with backing from high-profile investors, QQ News reported August 4. The fresh financing deal, which is said to have closed on Saturday, notably includes investments from Chinese tech conglomerate Tencent and Japan’s Softbank, another tech giant whose 15 percent stake in Uber makes it the drive-hailing app’s largest shareholder. Tencent, meanwhile, is the developer of China’s dominant social media platform WeChat, which has over 1 billion global users and outstripped…

Read More