Current Bitcoin Price: $4680 (as of 7:00 AM PST)
Bitcoin has plunged a further 10% today, and — you guessed it — the rest of the market followed. While some speculate this price action is caused by billionaires dumping their Bitcoin to fund the current Bitcoin Cash hash war (due to the forking of the currency into two variants), it’s hard to no for sure
What we do know for sure is that Ethereum is down another 12% and even XRP is down 5%. Even Tether is down 2.5%, dipping just below 97 cents, which can’t be good.
Top Bitcoin & Crypto News Stories for 20th November 2018
Bitcoin drops below $5,000
The cryptocurrency market has been on a wild ride for the last few years, but 2017 was a fantastic year for all digital assets — with Bitcoin rising from just $800 to over $19,000.
It was in October of last year that Bitcoin passed the $5,000 mark, and it hasn’t been back since… until today. Thanks to the 10% of value that’s just disappeared over the last 24 hours, Bitcoin is now quite significantly below that mark.
Investment fund holds CEO summit for startups
The DraperVentureNetwork is billionaire investor Tim Draper’s venture capital fund for tech based startups. Naturally, that includes blockchain startups like IoTeX, VeChain, and Blockfolio.
Draper is to hold a CEO summit for these investees, with CEOs from top companies including Panasonic, Siemens, and Delta Airlines to attend for the face-to-face meetings.
Sony approves Ethereum videogame for 2019
Something cryptocurrency users have wanted to see for years is the integration of cryptocurrencies and blockchain technology in videogames. Given the technological aspect of both, they’re a natural fit.
Well, Sony has just approved a PlayStation Four videogame for the first quarter of 2019 which will use the Ethereum blockchain to track Non-Fungible Tokens — i.e. assets that are not equivalent to one and other, such as collectable items.