Since the all-time highs (ATH) seen at the end of 2017 many of the major Cryptocurrency coins have seen large price declines, leading to a mass exodus out of the crypto space. Despite this there has been much development in the underlying tech and a lot of interest from institutional investors and government bodies. So much so that there have been several media outlets forecasting another bull run (price increase) soon.
Chances are you have either invested in Cryptocurrency or know someone who has. As such we decided to give you a quick update on some of the things that have happening, just in case you have any crypto left or are thinking of investing.
Topics covered include:
• General summary of the Cryptocurrency space since the 2017 peak
• A summary of the top 5 coins by market cap (amount of money invested)
• Recent regulatory developments in Asia, Europe and America
• Plus, a discussion about our views and experiences with Crypto
As always thanks for listening and hope you enjoyed
MCP Team
Price update (top 5 coins as at 29th Sep 2018)
• Bitcoin: Market cap - £87bn / Price - £5k
• Ethereum: Market cap - £18bn / Price - £178
• XRP (Not Ripple!!): Market cap - £17bn / Price - £0.43
• Bitcoin Cash: Market cap - £7bn / Price - £413
• EOS: Market cap - £4bn / Price - £4.43
Links:
SEC urged to clarify position on cryptocurrency regulation
https://www.cnbc.com/2018/09/28/congress-ask-sec-chairman-for-clarity-on-cryptocurrency-regulation.html
Britain's 'Wild West' crypto market should be regulated
https://www.reuters.com/article/us-crypto-currencies/britains-wild-west-crypto-market-should-be-regulated-say-lawmakers-idUSKCN1LY37J
Road to mass adoption
https://www.investing.com/news/cryptocurrency-news/the-road-to-mass-crypto-adoption-scaling-adoption-and-the-rising-tide-1622989
Ether plunges more than bitcoin
https://www.cnbc.com/2018/09/06/ether-was-hyped-as-the-better-more-useful-version-of-bitcoin-but-some-investors-have-run-out-of-patience.html
Bitmain IPO
https://www.bloomberg.com/view/articles/2018-09-27/bitmain-s-prospectus-reveals-a-lot-about-bitcoin-s-wild-ride
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