Welcome to my Cryptocurrencies Market Overview for Tuesday, January 09, 2018.
Today in the news:
- Jamie Dimon, CEO of JP Morgan, said he regrets calling Bitcoin a fraud.
- Wall Street trader Mike Novogratz is starting a merchant bank dedicated to cryptocurrencies and blockchain-based ventures.
- Bitfinex has added Basic Attention(BAT), 0x (ZRX), FunFair (FUN), Decentraland (MANA), SpankChain (SPANK) and Time New Bank (TNB).
- And more crypto news below...
Jamie Dimon, CEO of JP Morgan:
- $100B market cap: "Bitcoin is a fraud"
- $250B market cap: "I regret calling Bitcoin a fraud"
- $1.0T market cap: "We are launching a Bitcoin trading desk"
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 (log scale)
Feel free to use and share my charts, but please mention me as the author.
Latest Crypto News - January 09, 2018
Jamie Dimon Says He Regrets Calling Bitcoin a Fraud
JPMorgan Chase CEO Jamie Dimon now reportedly regrets calling bitcoin a "fraud," though he is still not a fan of the cryptocurrency.
Read more: coindesk.com
Other sources:
- Jamie Dimon: ‘I regret’ calling bitcoin a fraud (FT.com)
- Jamie Dimon says he regrets calling bitcoin a fraud (CNBC)
JPMorgan Chase CEO: All Crypto Will Be Government Controlled
Today, Jan. 9. the Chairman & CEO of JPMorgan Chase, Jamie Dimon, spoke pessimistically about the viability of decentralized cryptocurrency, predicting that all digital currencies will eventually be fiat, or government-controlled.
Read more: cointelegraph.com
Mike Novogratz Wants to Build the Goldman of Crypto
Mike Novogratz, the Wall Street trader who became one of bitcoin’s most outspoken champions, is starting a merchant bank dedicated to cryptocurrencies and blockchain-based ventures. And he intends to take it public.
Read more: bloomberg.com
Bitfinex Continues to Add New Assets Ahead of Ethfinex Launch
Bitfinex listed an array of up and coming tokens on the exchange, with an expectation of building a marketplace for Ethereum assets.
Read more: cryptovest.com
Ethereum Price Highs Overshadow New Wave of Tech Issues
The price of ether is shattering all-time highs. Rising to more than $1,000 for the first time ever last week, the cryptocurrency has reclaimed its place as the second-largest blockchain by total value, days after being temporarily surpassed by Ripple's XRP token. However, as with that controversial market move, the massive uptick in value bears a deeper look from more novice or potential investors.
Read more: coindesk.com
Microsoft Has Stopped Accepting Bitcoin Deposits
Cryptocurrency users are used to seeing more and more adoption of the instruments by companies. From time to time there are setbacks however, like Microsoft now reversing its previous bitcoin position.
Read more: bitcoin.com
'Get ready for an explosion' in bitcoin as Wall Streeters spend their bonus checks
When Wall Street bonuses hit bank accounts on January 15, I imagine we'll see a crypto buying spree of epic proportions.
Read more: http://www.businessinsider.com/bitcoin-price-explosion-wall-street-spends-bonuses-2018-1?international=true&r=US&IR=T
Bank of Israel: Cryptocurrencies Are Assets Not Currencies
Israel's central bank has said that cryptocurrencies like bitcoin are more an asset than a currency. Addressing a meeting of the Knesset Finance Committee yesterday, Nadine Baudot-Trajtenberg, deputy governor of the Bank of Israel, said, "Bitcoin and similar virtual currencies are not a currency, and are not considered foreign currency."
Read more: coindesk.com
Other sources:
- Israel Central Bank Refuses to Recognize Bitcoin as a Currency
- Bitcoin is a Financial Asset, Not a Currency: Bank of Israel
South Korean Officials to Begin On-Site Probes of Domestic Banks
The South Korean government has continued to tighten its regulatory grip on the country’s cryptocurrency market, and this time, it’s going after banks directly. Government officials plan to conduct on-site inspections of 6 major Korean banks throughout the week to ensure that regulations for virtual accounts are being properly followed. These inspections are the latest development in a series of moves by South Korea’s government to curb cryptocurrency investment by cracking down on illegal practices such as fraud and money laundering.
Read more: themerkle.com
NEO Price Reaches a new All-time High of $120
Even though the cryptocurrency markets are still recovering from the Korea debacle, some currencies are noting significant profits. In NEO’s case, for example, things are looking pretty solid. After the NEO price found stability above $100 last week, the value has now soared to over $120. Due to a small pullback, the NEO price is now slightly lower, but things still look pretty promising in general.
Read more: themerkle.com
I really like those charts!
They are great, yes, but Jamie Dimon's face says even more! lol
tnx
bitcoin is the king at the moment for whole world in crypto world!
ripple will be king for asian people!
big fight will be between BTC VS RIPPLE till end of 2018!
Dont under estimate Steem, social media growth of the platform could return better results. Think about what steem would be worth, if we get to 10 or even 50 million users. That number should not be that hard to hit.
I'm most pleased that steem began its growth)))
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Good stuff once again, but i still warn people there are to many coins, and the market will need to correct it before we can put any real value to them. I would be in Steem more then just about anything else, only a handful of cryptos will be around in good standing this time next year. Stick to the ones that have liquidity or platforms of use, ripple and LTC might be really useful soon if they work with facebook or Youtube or amazon like companies.
No doubt bitcoins price has changed during these last 4 months dramatically , and according to many sources and crypto expert bitcoin at the end of the january is going to cross 20k resistance. I really wish it happens, because including me many of us has invested a huge amount in bitcoin. I have invested in SIA , STR , IOTA , DGB and many more. still going good with these coins.
Great post....QUESTION, if Today I Comment on a Post 1 month old.. and people upvote my comment.. will i still earn from these votes?(for next 7days)
Postingan yang sangat bagus, # @penguinpablo
Wow! Great Analysis you have done.
thanks for all the information you provided
What do you think about these ICO's and all new coins? There is one social media related ICO (ONG.social) that seems interesting and I'm thinking of getting some.
Crypto is rocking. Nice details article. Thanks for sharing. Kepp up to date. @penguinpablo
I will follow you
Bitcoin a frud only for those who don't have bitcoin. And it's idiom fix on those guy's who's criticising on bitcoin. Grapes are sour.
i think bitcoin will be the future currency for trading purpose
This man is not the only one who regrets his words about bitcoin :)
Great Analysis @penguinpablo . Thanks for all the useful information provided. :)
I am not so experienced at cryptocurrency and your posts always help me, thank you for sharing them and I wish you a great day.
Good post my friend.
Please visit to my blog
Bitcoin is my future i want to invest in cryptocurrency
the quotes of Jamie Dimon
it's so funny the way you present them
lol
Awesome news! Can't wait to see how this people will inflate the price of Bitcoin in the future. Too bad for those unbelievers ^^. They could have profited so much.