Bitcoin Biggest Bubble in History, Says Economist Who Predicted 2008 Crash (The Guardian)
The economist credited with predicting the 2008 global financial crisis said a 12% fall in the value of bitcoin on Friday was the latest proof that the cryptocurrency was the biggest bubble in history and destined for a crash. Nouriel Roubini, professor of economics at New York University, said bitcoin was “the mother of all bubbles” favoured by “charlatans and swindlers” as it fell below $8,000 (£5,600) early on Friday, marking a 30% drop since the beginning of the week as investors became increasingly twitchy about a clampdown on cryptocurrencies by regulators. Later it rallied, climbing back over $8,600 by 3pm (GMT).
Thai Finance Secretary: Blockchain Is Beneficial But People Should Know Risks (Coin Telegraph)
Thai Ministry of Finance’s permanent secretary Somchai Sujjapongse thinks that the Bank of Thailand and Thailand’s Securities and Exchange Commission (SEC) need to officially warn customers of the risks of investing in crypto markets, as reported in the The Bangkok Post today, Feb.2. According to Sujjapongse, a working committee on cryptocurrencies, formed by the Bank of Thailand, the SEC, the Ministry of Finance, and the Anti-Money Laundering office, will soon release a report on how to move forward with crypto regulation. In reference to the future of regulating crypto market investing, Sujjapongse said, “Allowing Bitcoin transactions to be made without warnings and direction from regulators is not acceptable.”
Litecoin vs. Ethereum (Digital Trends)
When it comes to investing in cryptocurrencies, nothing is a sure thing. If last year’s major booms and busts told us anything, it’s that you can expect volatility, wherever you go. That said, diversifying your crypto-portfolio is a wise move, as although bitcoin often drags everything up and down with it, there are some tokens that do things better than others. But which alternative currencies should you invest in? We have our favorites, but if you want to put your eggs into one specific basket, you need to look at the differences between some of the best options. What about if we pit Litecoin vs. Ethereum? Which one comes out on top? Litecoin has been around a lot longer than Ethereum, but Ether has grown in value far quicker. Then there are smart-contracts to consider. In this guide we’ll break down the key differences between these two altcoins, to give you the best basis for your own cryptocurrency investments.
Why Litecoin & Monero Could Benefit From A Partnership (CryptoDaily)
In perhaps the biggest news to come out of the cryptocurrency scene in recent days, two of the major players in the alternative finance sector – Monero and Litecoin – appear set to merge with one another, to make each brand interoperable with one another. Rumours of the merger began following a series of tweets posted by Riccardo Spagni, the project lead of Monero, and founder of Litecoin, Charlie Lee. The two had met and Spagni decided to post that the reason for the meeting was to discuss a joining of the two companies. While it was really no more than that – half a joke between two businessmen in the same industry, half a trolling of the altcoin community – it seems to have struck a chord, particularly with Lee, who lost little time in posting his own tweets where he seemed to be seriously considering the idea.
Bitcoin, Ethereum, Bitcoin Cash, Ripple, IOTA, Litecoin, NEM, Cardano: Cryptocurrency Price Analysis And Prediction (Cryptona.co)
The South Korean news has a confirmation that the government still holds their views on the cryptocurrency trading. Therefore, there is volatility in the market. However, according to the current news, as from Wednesday, cryptocurrency prices have bee falling drastically. On Thursday, there was the news that Bitcoin had fallen below the $10,000 level. Additionally, the other cryptocurrencies have also been in the same categories where their prices have fallen drastically. Therefore, failure to recover in the next few coming days, this might prompt the bulls to sell their investments which may additionally lead to liquidation. However, in the case that the bulls might defend the critical levels, there might be a sharp pullback, and the sidelined money will enter the market.
