Blockchain for 35 Million Users: Korea’s Biggest Insurance Firm SK Partners With ICON

ICON, South Korea’s most valuable blockchain project, has partnered with the country’s biggest telecommunications conglomerate SK, to possibly utilize blockchain technology and crypto in compensating users of its mileage system. SK Planet, a subsidiary of SK that signed a memorandum of understanding (MoU) with ICON, operates the most widely utilized mileage system in the country

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Ethereum Spikes 16% Overnight to $220 as Crypto Market Recovers to $204 Billion

ETH, the native cryptocurrency of Ethereum, has surged by more than 16 percent overnight, rebounding $224. Within 48 hours, the price of ETH surged from $168 to $224, by more than 33 percent. While ETH has retraced slightly to $215, the second most valuable cryptocurrency in the market has found a breathing room that may

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Dead Cat Bounce? Ethereum Surges 9% Amidst Crypto Market Recovery

The crypto market has demonstrated a short-term corrective rally in the past 24 hours, after major assets like Ethereum showed strong oversold conditions. ETH, the native cryptocurrency of the Ethereum blockchain network, has been on an intensified downtrend since June, performing especially poorly against Bitcoin. On September 13, ETH has shown resilience in the sub-$200

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$7,400 to $6,950: Bitcoin Price Drops 2% Within 30 Minutes in Crypto Market Bleed

Within the past 30 minutes, the Bitcoin price has dropped by more than 2 percent from $7,400 to $6,950, pushing tokens and other major cryptocurrencies to record large losses. Ethereum, Ripple, Bitcoin Cash, and EOS recorded 6 to 7 percent losses as Bitcoin failed to maintain momentum in the $7,400 range. If Bitcoin manages to … Continued

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Bitcoin Price Just Surged to $7,200 Within 1 Hour, Strong Short-Term Rally Next?

In the past hour, the Bitcoin price has surged from $7,030 to $7,200, bringing the entire market with it to the upside. Bitcoin Cash, NEO, Litecoin, ICON, EOS, VeChain, Tron, Qtum, Cardano, and most major tokens have recorded 5 to 15 percent gains in the past 30 minutes, showing the establishment of newly found momentum. … Continued

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ICON Surges This Week – Growing 25%

Some Altcoins made surprising moves this week. In particular, ICON jumped 25% in the last 7 days.

This is interesting because when looking at the coin leaders, their actions remained relatively flat; Bitcoin kept finding its way back to somewhere between the $6,700 and $6,750 marks, with the latter being the highest the coin achieved across the week. No major movements happened.

But at the same time, ICON (ICX) was doing this:

What is ICON?

ICON is a favorite of South Korea and is often dubbed the nations version of Ethereum. Over ...

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Tokens Record 50% Gains as Crypto Market Recovers, Bitcoin Price Stabilizes

Over the past 24 hours, tokens such as VeChain, Ontology, and PundiX recorded 50 percent gains against the US dollar, as the crypto market recovered and Bitcoin showed stability. VeChain recorded the biggest jump in value on August 17, spiking by over 50 percent against the US dollar, becoming the best performing digital asset this … Continued

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Crypto Market Rebounds, Bithumb Drives Kimchi Premium Up 50%

Bithumb, formerly the biggest crypto exchange in South Korea, has driven the Kimchi Premium up 30 percent on major tokens, inflating the price of cryptocurrencies. Bithumb, the Bad Actor On June 20, as CCN reported, Bithumb was hacked for $40 million. The Financial Services Commission (FSC) and Korea Financial Intelligence Unit (KFIU) were involved in … Continued

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Bitcoin’s Volume Recovers as Augur Drop 18%, Tokens Take Huge Beating

Despite the strong performance of bitcoin over the past 24 hours, tokens have recorded large losses against both bitcoin and the US dollar, dropping by 10 to 20 percent. Bitcoin Volume Recovers But Tokens Struggle On July 22, CCN reported that the volume of bitcoin has dropped by more than 36 percent since July 20,

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0x Gains 12% and Tokens Rise During Volatile Cryptocurrency Markets

The crypto market has been extremely volatile over the past 24 hours, especially small tokens and digital assets, possibly due to the decline in volume in the past week. Bitcoin’s Weird Movements Yesterday, on July 21, the price of bitcoin surged from $7,400 to $7,600 in a span of 10 minutes, with a spike demand … Continued

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Bitcoin Reigns Supreme in July as Tokens Money Comes Back to BTC

Throughout May and June, even during bear markets and strong downward movements, tokens performed relatively well against bitcoin. So far, in July, bitcoin has proven its dominance through a stable performance against the US dollar. Why Bitcoin is King, For Now Over the past three months, tokens have had a solid basis to increase in

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Bitcoin Price Rises 5% Avoiding Lower End of $5,000, Theta and Ontology Rise 21%

The bitcoin price has risen by over 5 percent in the past 24 hours, as the cryptocurrency market recorded a slight recovery. Theta and Ontology recorded a rise of over 21%, becoming the best performers of the market as of June 25. Potential BTC Scenarios After dipping to a monthly low at $235 billion, the … Continued

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ICON Gears up for $800 Million Token Swap in Preparation for Mainnet Launch

Following months of development, smart contracts platform ICON is finally gearing up for its formal mainnet launch. First, however, users must migrate approximately $800 million worth of ICON (ICX) tokens to the nascent network. Until now, ICX tokens — which were originally distributed through a $43 million initial coin offering (ICO) last year — have

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Cryptocurrency Market Continues to Fall as Bitcoin Price Seeks Support at $6,700

On previous reports, CCN emphasized that the price of bitcoin will likely fall to the higher end of the $6,000 region in the short-term. Over the past 24 hours, the bitcoin price has dropped by 2.5 percent, from $7,580 to $7,350, dipping below the $7,300 mark at one point. Lack of Momentum Throughout 2018, the … Continued

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Bitcoin Price Rewinds to $7,800 as Cryptocurrency Market Drops $27 Billion Overnight

On yesterday’s report, CCN emphasized that if the bitcoin price falls below the $8,200 resistance level once again, a reentry into the $7,000 region is inevitable. Over the past 24 hours, the bitcoin price dropped by around 4 percent from $8,300 to $7,850. Bitcoin Price Trend As CCN previously reported, the recent correction of the … Continued

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Cryptocurrency Market Loses $42 Billion in 3 Days as Tokens Struggle

The cryptocurrency market has dropped by more than $42 billion in the last three days, from $412 billion to $370 billion. The daily trading volume of the market also declined by around $3 billion, from $22 billion to $19 billion. Poor Conditions Earlier today, on May 18, the bitcoin price dipped below the $8,000 mark,

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