Saturday, 22 September, 2018

Ethereum Price At 2018 Rock Bottom; What Now?

6 Countries With the Most Bitcoin Hodlers
     
     
       By JP Buntinx 6 Countries With the Most Bitcoin Hodlers By JP Buntinx
Lloyd Bates | 09 September, 2018, 12:41

Investment bank Goldman Sachs is ditching its plans to open a cryptocurrency trading desk, reports detail. And there hasn't been the rush of ICOs this year like there was last, so new money doesn't appear to be flowing into the market. Total crypto market capitalization is around $222 billion at press time, down from yesterday's high of $240 billion.

This latest development as reported by the Business Insider comes as a surprise to many, as there have been rumors making rounds for quite some time suggesting significant progress made by the firm towards the establishment of a direct crypto trading desk. As such, in this period, it is more urgent for major cryptocurrencies to remain stable in their low price range for weeks if not months to ensure the market truly bottoms out in the $190 billion to $200 billion range. "At this point, we have not reached a conclusion on the scope of our digital asset offering".

"In response to client interest in various digital products we are exploring how best to provide them in this space". They also suggested that the environment is not appropriate for a regulated institution like Goldman Sachs to become involved with cryptocurrency trading. Having an investment bank with its pull and power was seen by observers as previously handing over its seal of approval, a very valuable imprimatur on cryptocurrency. Market is dealing with some crises as the news broke out that Goldman Sachs has backed out from the deal over trading with BTC.

Trump Says DOJ Should Investigate Identity of NYT Op-Ed Author
That a covert network of officials was operating within the government to derail Trump's agenda became clear in the first months of the presidency.

Trump addresses 'gutless' White House mole behind anonymous article
Now the even bigger challenge falls to Dao's colleagues in the Times newsroom, which is separate from the opinion section. Using anonymous sources is a very important tool in the toolbox for my colleagues in the newsroom, so not judging".

Jeff Sessions threatens Republican midterm hopes with indictments, Trump tweets
So far, the available evidence suggests one investigation began during Trump's presidency. "Really sick!" Trump tweeted. And Trump's former White House chief strategist, Steve Bannon, said tech companies should be broken up .

As of early this morning, the price of bitcoin plunged $500 in minutes after several days of upward momentum. Additionally, ETH lost most of the gains it had during last years' bull run. From skyrocketing valuations and market caps, cryptocurrencies have come way back down to earth.

Besides Bitcoin (BTC), the study also surveyed the popularity of Ethereum (ETH), Litecoin (LTC), ZCash (ZEC), Dash (DASH), XRP (XRP), Monero (XMR), Cardano (ADA), Stellar (XLM), NEO (NEO), EOS (EOS), NEM (XEM), Dogecoin (DOGE), Midseason/SafeCoin, Lisk (LSK), and Storjcoin X. One of the most popular Bitcoin ETF applications that have been rejected by the agency is the application of Cameron and Tyler Winklevoss. It could revive these plans later, they added.

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