Cryptocurrencies Market Overview - May 17, 2018
Today in the news:
- China’s Ministry of Industry and Information Technology has released its official cryptocurrency ratings. Ethereum 1st, STEEM 2nd and Bitcoin 13th.
- Jack Dorsey, CEO of Square and Twitter, wants his company to be at the forefront of getting cryptocurrencies like bitcoin adopted as global means of payment.
- Apple’s co-founder Steve Wozniak has commented positively about Bitcoin and blockchain technology.
- The SEC has launched a fake ICO website to educate investors.
- And more crypto news below...
24 Hour Change
Realtime chart on my website CoinMarkets.today
7 Day Change
Month-to-Date Change
24 Hour Volume
Market Capitalization
Bitcoin daily chart
Feel free to use and share my charts, but please mention me as the author.
Latest Crypto News - May 17, 2018
Chinese IT Ministry Cryptocurrency Ratings Released: Ethereum 1st, Bitcoin 13th of 28
China’s Ministry of Industry and Information Technology has released its official cryptocurrency ratings. The “domestic experts” awarded Ethereum 1st and Bitcoin 13th out of 28 places May 17.
Read more: cointelegraph.com
More sources:
- China Ranks Ethereum as the World’s Best Blockchain Network, Bitcoin at #13
- China Reviews Blockchains: How Some Leading Coins Stack Up
- China’s Ministry Rates Ethereum as the Top Public Blockchain
Cryptocurrency Market Regains $7 Billion as Augur and EOS Prices Jump
The cryptocurrency market has slightly rebounded by $7 billion over the last 24 hours, despite the struggles of bitcoin, ethereum, and other major cryptocurrencies in the global market.
Read more: www.ccn.com
The SEC Just Launched a Fake ICO Website to Educate Investors
The U.S. Securities and Exchange Commission wants to make sure investors know what a scam ICO looks like. Even if it has to launch its own.
Read more: www.coindesk.com
More sources:
- SEC Launches Mock ICO to Show Investors Warning Signs of Fraud
- US Government Launches Scam Crypto Site
- SEC Launches Parody ICO, Clayton to Resign When?
Bitfinex Starts Sharing Customer Tax Data with Authorities
Bitfinex, an exchange famed for its opaque banking arrangements, has begun ordering its users to submit their tax details. The platform, which is registered in the British Virgin Islands, a known tax haven, will retain this information and may share it with tax authorities in their customers’ jurisdiction. The news has caused quite a stir.
Read more: news.bitcoin.com
Steve Wozniak: Bitcoin And Blockchain Will Achieve Full Potential In a Decade
Apple’s co-founder Steve "Woz" Wozniak has commented positively about cryptocurrencies and blockchain technology in his opening speech at the WeAreDevelopers World Congress 2018 in Vienna, Austria.
Read more: cointelegraph.com
Jack Dorsey Hopes Bitcoin Will Become Web's 'Native Currency'
Is bitcoin destined to become the default currency of the Internet? Square's Jack Dorsey hopes so.
Read more: www.coindesk.com
More sources:
- Twitter CEO Jack Dorsey Reaffirms Bullish Future on Bitcoin, Crypto as Global Payment
- Twitter CEO Reaffirms the Future of Cryptocurrencies
- The internet 'needs a native currency' and Jack Dorsey wants to help it be bitcoin
Bitcoin Mining Could Use 0.5% of World’s Electricity Energy in 2018
A recently released peer-reviewed article by blockchain evangelist and financial economist Alex de Vries deployed a novel methodology to determine Bitcoin’s energy usage a few years from now, and the estimated results are certainly astonishing.
Read more: www.ccn.com
More sources:
- Bitcoin Mining to Use 0.5% of World’s Energy by End of 2018, Peer-Reviewed Research Shows
- Bitcoin will use 0.5% of world’s electricity by end of 2018, finds study
Japanese Messaging Platform Line Partners With Korean Crypto Icon (ICX)
When crypto companies announce large partnerships their tokens usually head skywards. This has not been the case for South Korea’s Icon when news broke of a new partnership with Japan’s messaging giant Line. Seemingly gone are the days when a good news story or a social media shill would pump an altcoin.
Read more: ethereumworldnews.com
More sources:
- 200 Million Users Messaging Giant LINE Partners Blockchain Project ICON
- ICON and LINE collaborate to build blockchain network
- ICON (ICX) Announces Massive Partnership with LINE to Create 'Unchain'
Bitcoin Price Can Hit Previous Highs After ‘Structure’ Improves: CoinShares CEO
UK cryptocurrency investment products and research provider CoinShares believes Bitcoin will hit previous highs after people “build” on the ecosystem, its CEO said May 16.
Read more: cointelegraph.com
More sources:
PayPal CFO Says Merchants Aren’t Interested in Crypto Due to Volatility
John Rainey said that PayPal currently doesn’t see much interest in digital currencies from their merchants, who are scared away by volatility.
Read more: cointelegraph.com
EOS Added to Komodo Barter DEX
The Komodo project was given the most points for innovation in a new Chinese study of blockchains, which rated the 28 top networks. The latest feat for the Komodo Barter DEX, which relies on atomic swaps, is to add the EOS digital asset.
Read more: cryptovest.com
SteemBlockExplorer.com - SteemNow.com - CoinMarkets.today
¯\___(ツ)____/¯ Follow me @penguinpablo
Very nice for Steem because this may draw in a few more big investors and many smaller buyers in China that may never even have heard of Steem yet on Huobi where Steem was just added along with more Chinese users to Steem! I agree with their #1 and #2 rankings as things are today while we appear on Steem to be on pace to pass Ethereum.
What is amazing is that while many of the blockchains listed have values on the market comparable to the ranking, Steem has 1% of the value of Ethereum today. We are in for a gold rush when smart media tokens come out and the traders realize Steem is the only blockchain likely to pass Ethereum as the top cryptocurrency. Wait what about Bitcoin? When we include all of the tokens on Ethereum as part of the Ethereum Blockchain, Ethereum is actually #1 in market value by far because the tokens on Ethereum are completely dependent on Ethereum for value and transactions.
Definitely resteeming this!
Yes, that is indeed a good news. We have faith in STEEM!
Here is the rankings for all.
Holding Eth, Steem, Bitcoin, and Verge!
Thank you for adding the chart here!
Those charts make pretty depressing reading. Hoping things can turn around soon.
Hey @penquinpablo, thanks for this ... I like this tool ... 👍
EOS seems to be beating the bars on all charts, i guess that what it means to be the next best thing
It’s still down over 50% from the peak. Hopefully it can turn things around when it launches in a couple of weeks.
Wow, that is a very good news for STEEM!
Steem Rocks! China Rocks!
Thanks for sharing. I've smashed the upvote button for you!
Also, if you are looking to get some tokens without investing or mining check out Crowdholding (https://www.crowdholding.com). They are a co-creation platform were you get rewarded for giving feedback to crypto startups on the platform. You can earn Crowdholding's token as well as DeepOnion, ITT, Smartcash and many other ERC-20 tokens.
Congratulations @penguinpablo! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
To support your work, I also upvoted your post!
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPWell first the chinese staes about steem is imressive.
The "volatility" meme that the paypal CFO refers to is silly. Buy low, Sell high; it's that simple, you don't lose money unless you sell below your buy point, so don't do that. Living in fear is not the way, stay away from crappy coins with low volume. I stay within top 20-50 and have made solid gains over 6 month periods. If that's too long then, well, go make money elsewhere. Learning how to profit from crypto isn't difficult.
Полезный анализ! Спасибо!