Bitcoin’s cautious recovery continues
Quebex Fintech Inc. Jun 16, 2017
The price of a single bitcoin currently sits at $3,337.91 CAD as of 4.30pm, ET, Friday, according to data from CoinDesk – up 2.77% in 24 hours.
The cryptocurrency market seems finally to have somewhat levelled out after months of record-shattering rallies peppered with shock corrections.
After briefly topping $3,000 USD on Sunday, an all-time high, bitcoin experienced a double-dip, mirrored by pretty much the entire crypto market, including the recently resilient ethereum which, for the first time in a while, saw a slight pullback.
As the week draws to a close, things seem a lot more stable with the majority of coins appearing green and quietly optimistic as is the custom after a market wide plummet.
Indeed, despite its volatility, investors have learned that the market is predictable in its recovery – ‘buy the dips’ has proved itself a winning strategy time and time again in this 2017 cryptocurrency market.
In other news, the South Korean government plans to auction 216 bitcoins (about $700,500 CAD) which it confiscated during a 2016 criminal investigation involving a 33-year-old individual charged with ‘running an obscenity website’; this will be the first auction of its kind.
Domestic exchange platforms like bithumb, Korbit and coinone have helped facilitate South Korea’s growing interest in cryptos; indeed, according to data from CoinMarketCap, the Korean won accounts for roughly 32% of ethereum trading.
Additionally, a diamond exchange service based in Singapore is partnering with two blockchain startups to trial blockchain verification for diamond trading.
According to a press release, the technology is designed to enable diamond holders with certificates from third-party verification laboratories to authenticate the ownership and authenticity of the diamonds using distributed ledger technology.
Although blockchain technology is primarily associated with bitcoin and other cryptocurrencies, it has the potential to revolutionize many other industries and sectors beyond finance thanks to its autonomous, incorruptible and decentralized nature.
The cryptocurrency market seems finally to have somewhat levelled out after months of record-shattering rallies peppered with shock corrections.
After briefly topping $3,000 USD on Sunday, an all-time high, bitcoin experienced a double-dip, mirrored by pretty much the entire crypto market, including the recently resilient ethereum which, for the first time in a while, saw a slight pullback.
As the week draws to a close, things seem a lot more stable with the majority of coins appearing green and quietly optimistic as is the custom after a market wide plummet.
Indeed, despite its volatility, investors have learned that the market is predictable in its recovery – ‘buy the dips’ has proved itself a winning strategy time and time again in this 2017 cryptocurrency market.
In other news, the South Korean government plans to auction 216 bitcoins (about $700,500 CAD) which it confiscated during a 2016 criminal investigation involving a 33-year-old individual charged with ‘running an obscenity website’; this will be the first auction of its kind.
Domestic exchange platforms like bithumb, Korbit and coinone have helped facilitate South Korea’s growing interest in cryptos; indeed, according to data from CoinMarketCap, the Korean won accounts for roughly 32% of ethereum trading.
Additionally, a diamond exchange service based in Singapore is partnering with two blockchain startups to trial blockchain verification for diamond trading.
According to a press release, the technology is designed to enable diamond holders with certificates from third-party verification laboratories to authenticate the ownership and authenticity of the diamonds using distributed ledger technology.
Although blockchain technology is primarily associated with bitcoin and other cryptocurrencies, it has the potential to revolutionize many other industries and sectors beyond finance thanks to its autonomous, incorruptible and decentralized nature.
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Canadians who had funds in QuadrigaCX have been having problems withdrawing Canadian dollars for months as a cursory review of reddit threads will show, but as of January 30th, 2019, customers are unable to access their Bitcoin, Litecoin, Ethereum, and Read More...
Bitcoin futures debut in US market
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One BTC is currently trading at $21,080.29 CAD, on average, as of 12pm, ET, per CoinDesk, having hit a Read More...
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This comes only months after reports of the BlueBorne flaws affecting nearly every Read More...
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Quebex Backs the Winning Fighter
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Quebex, being both a Canadian and Quebecois exchange, has a great fondness for Canadian and French-Canadian talent.
As such, Quebex was pleased to sponsor Mazlum Akdeniz in his debut fight at Montreal Casino.
Though his opponent danced around the Read More...
As such, Quebex was pleased to sponsor Mazlum Akdeniz in his debut fight at Montreal Casino.
Though his opponent danced around the Read More...
Quebex Response to User Activated Hard Fork
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As you may have already heard in the news, there is likely to be a User Activate Hard Fork (UAHF) on August 1st.
Bitcoin will continue to exist. A new cryptocurrency will emerge called Bitcoin Cash (BCC), and the general Read More...
Bitcoin will continue to exist. A new cryptocurrency will emerge called Bitcoin Cash (BCC), and the general Read More...