The Crypto News Wrap is a daily updating article grouping the biggest news in blockchain into one place. Come back daily to stay up to date and ahead of the markets. Our wraps update throughout the day, so come back often!
Our team has a daily goal of bringing you the biggest news in crypto. We publish articles as well as point to other sources of trusted information. Support our page directly by coming back daily, checking our other articles, joining Patreon, or telling a friend! Our wrap is widely available and posted daily on our Blog, Youtube, Twitter, and Tiktok.
Crypto markets pull back over 10% from weekly highs Sunday night carrying into Monday morning. September 20th, 2021, marks the 3rd anniversary of the “cryptocurrency crash” of 2017-2018. What happened in 2018s’ spiral that left crypto markets down 80% from highs?
Markets reached an all time highDecember 17th, 2017 with Bitcoin touching $19783. Five days after market tops, BTC drops 45% from it peak. The 600B Crypto markets panics; sell offs continue, FUD spreads. January 12th, 2018, news looms of S. Korea’s potential cryptocurrency ban; Bitcoin falls 12% on the news. S. Korea bans anonymous trading not banning Crypto completely. Advertising bans followed by Facebook, Google, and Twitter, for crypto ICO’s and tokens. Investors sell off dropping Bitcoin market cap to under 100B in 2018 at a price of $5,500. September 20th being marked as the end of Bitcoins 2nd greatest crash in history.
The end felt like it was never in site. Cryptocurrency is dead believed to be unable to recover. Cryptocurrency ended up recovering before reaching new highs. Short term market movements remind our team of similar current events. S. Korea announcing 70 exchanges to potentially suspend service recently. The country previously stated they never intend to ban cryptocurrencies in July this year. The suspension looks more like buying time for regulatory framework to be established, protecting investors. Investors feel manipulated as news plummeted market values while worried about maintaining control of their own property.
It’s important to not get caught on an exchange. Large market sell offs cause huge loads of traffic for exchanges. More times than not during large crashes most exchanges go offline. Storing crypto offline on the blockchain with a hardware wallet gives investors full control. Hold your crypto in your own wallet and move it to a functional exchange to sell when you please. Exchanges will be unable to prevent you from sending/receiving your crypto bringing control back to you. Our team strongly suggests checking our post on the Top 3 Hardware Wallets Ranked, September 2021 for doing this.
Headlines prove to be background noise in a blooming crypto ecosystem. Stay up to date on headlines and informed. Investors are to be reminded to zoom out the charts. Remind yourself of the tech blockchain truly has to offer. No markets can exist without growing pains and corrections. Crypto is here to stay. DCA, invest wisely, utilize your resources. This drop shows nothing other than a buying opportunity as policies get set in place. Investors will have to continue to cry into our Bitcoin pillows, while we wait for the next bull run up.
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The Crypto News Wrap is a daily updating article grouping the biggest news in blockchain into one place. Come back daily to stay up to date and ahead of the markets. September 24th, 2021 China bans BTC for 7th time, warns local governments of Evergrande potential failure. Fantom network releases commison free NFT marketplace. Evergrande […]
The Crypto News Wrap is a daily updating article grouping the biggest news in blockchain into one place. Come back daily to stay up to date and ahead of the markets. Our wraps update throughout the day, come back often. September 23rd, 2021 Twitter deploys NFT authentication services as well as bitcoin tipping on IOS […]
The Crypto News Wrap is a daily updating article grouping the biggest news in blockchain into one place. Come back daily to stay up to date and ahead of the markets. Our wraps update throughout the day, so come back often! Our team has a daily goal of bringing you the biggest news in crypto. […]
Solana recently hit headlines halting transactions on the network suddenly for over 3 hours. The pausing of transactions resulted in a complete stop of the networks activity. Solana’s price continued to drop over 25% from all time highs. Investors are worried wondering, is my money safe?
Solana carries a blooming eco-system of smart contracts and scalability. The cost of performance for this project became apparent recently; Centralization. Investors shouldn’t be worried about a temporary halt on the network, it can even prove to be a good thing. Investors seek safety nets for their investments. Blockchain is a newer concept introduced with 10-14% of the population being involved in cryptocurrencies reported in 2021. Centralization becomes more and more part of cryptos journey to mainstream attention. Our team sees the recent dip as a buying opportunity, we’ll explain why.
Q: Is the network shutting down a bad thing?
This is a tough question to answer but not directly, noand yes. The short term stress for holders proves negative but to keep in mind; The financial systems have always been built around trust. A sense of security for holders halting transactions proves there is a solution to worries of network hacking. Besides, this isn’t the first time a blockchain project has been stopped completely. It’s not the end of Solana’s long-term journey. Solana was given a second chance which we talk about more later on. The network proves to have great technology, but user trust comes first.
February 12th, 2020, hackers of the IOTA network find an exploit. Hackers are able to discover a vulnerability in a third party service payment service. Wallets started to lose funds as thieves gained access. To protect the users of the network, IOTA halted the coordinator network. All activity paused as users were given one month to migrate to a new secret key phrase to move their stored funds. The community was livid. How can investors trust in a project that can’t fulfill its promised purpose?
Blockchain network halts can actually be a good thing.. after they happen. This network shutdown was a lucky case for the project. Scares like this bring future security for the network emphasizing the importance in security. Investors bringing large capital should be worried about said network errors. Users gain security in their money with the ability for accounts to be recovered. In this worst care scenario, users of Sol were protected. Solana was given a second chance just like IOTA. IOTA initially after the event fell roughly 50% from local highs to 0.10 cents. IOTA managed to recover and skyrocket up to $2.00 by September 2021. We see events like this as temporary stress on long-term success. Solana’s second hope brings new opportunity for improved tamper resistant infrastructure. The community demand for proven chains continues to grow. Ethereum and Bitcoin remain as top picks due to said trust at least in tech. Blockchain isn’t completely about being anonymous anymore, users like security and NFTs too! Keep your crypto secure on a hardware wallet.
Bitcoin begins selling off at 10PM EST September 19th before 3 year crash anniversary. September 20th marks the final stages of an 80% sell off from highs in 2017-2018. Crypto markets pull back over 10% from weekly highs Sunday night carrying into Monday morning. September 20th, 2021, marks the 3rd anniversary of the “cryptocurrency crash” […]
League of Legends is one of the largest played games in North America. Currently the game hosts over 32.5 million players. The game has recently seen large partnerships in its e-sports scene. Teams such as Fnatic partnering with the exchange Crypto.com which has seen partnerships from names such as UFC lately. Evil Geniuses is another […]
Dogecoin, everyone’s favorite “OG meme coin”. breaks downward trend shooting up past 25 cents Thursday night, September 16th. It’s that time of the year again where everyone gathers around their social media accounts waiting for the next shocking crypto news story. The Doge faced currency sits at 33.18 billion in market cap. Media push propped […]