The price of Bitcoin dropped below $9,000 level and Ethereum below $700 level in 24 hours of the news on South Korean officials probing the office of Upbit crypto spread. It is reported that the exchange drained as the users withdrew their funds and assets from the crypto exchange. The crypto market fell by $50 billion loss.
Blockfolio, a crypto portfolio tracker mobile application, declared the launch of Signal’s beta version. Blockfolio associated with various other premier token teams for the launch of Signal Beta. It is reported that the users would get Signals through personalized feeds and push alerts through which the users would get to know the updates on their tokens, store and track them.
The value of PakCoin has surged over 60% though the State Bank of Pakistan turned against cryptocurrencies. The bank published a notice of its website advising banks and payment service providers to ‘refrain’ from dealing in virtual tokens. It is reported that the cost of PakCoin rose from $0.004352 to $0.007551 per unit.
The crypto trade services of Robinhood application has been extended to the residents of California, Montana, Missouri, and Massachusetts with the official launch in the state of Michigan. The application offers commission-free trading of Bitcoin and Ethereum. The users would be able to track prices of fourteen other cryptos which include Ripple, and Monero.
A cryptocurrency index has been unveiled by Bloomberg working along with Galaxy Digital Capital Management, a digital assets merchant bank. The Bloomberg Galaxy Crypto Index would be tracking the cryptos such as Bitcoin, Ethereum, Ethereum Classic, Monero, XRP, zcash, EOS, Litecoin, and Dash. The index is to be owned and managed by Bloomberg Index Services.
The price of Ethereum pitched above $800. It is reported that the crypto price has surged by 2.20% increase in the past 24 hours. The data recorded by the CoinMarketCap indicate that the crypto price has lastly touched such high during March 2018. The bullish trend is expected to continue to $1,130 with resistance at $900 and $1000.
Alexis Ohanian, the co-founder of Reddit believes that the price of Ethereum would bounce to $15,000 by the end of the year. He added that the public could call him out if his prediction goes wrong. The CEO of deVere Group Nigel Green stated that the price of Ethereum would range $2,500.
One of the most popular and reliable cryptocurrency price trackers, CoinMarketCap.com (CMC) has launched its own new iOS app on its 5th birthday, April 30th. As per the report, the website of CMC has also revealed some rebranding with a newly-redesigned logo and interface with an upgraded public API for a better user experience.
Harshita Arora, sixteen-year-old from India, developed a cryptocurrency tracking application. Her tweet has revealed that her app has been bought by Redwood City Ventures. The Crypto Price Tracker application lets the users follow prices of nearly thousand cryptocurrencies. The application supports ten languages, 32 currencies and delivering the price information of 20 exchanges.
A blockchain company based in Singapore reported to make its platform, BitcCar plays a crucial position in protecting the price volatility in cryptocurrency market. According to the founder of BitCar, “BitCar is targeting high-end cars as they’ve historically had much lower price fluctuations than cryptocurrencies. The BitCar platform could be a place of stability in times of crypto market volatility.”