Cryptocurrency News and Market Reports

While some newer crypto traders may be scratching their heads as to what the hell just happened in the altcoin markets over the past 24 hours (LTC, PPC, NMC), those of us that have been around for awhile have seen this movie before (particularly on BTC-e).

As the first quarter of 2015 nears a close, we wanted to take a look at a number of charts to see if we can glean some useful information going forward.

​We will leave the price talk to the analytical sections below because this week we want to discuss a pressing and existentially important issue facing bitcoin at the present time.

Many financial market pundits, especially those of the conservative variety, have been licking their chops as they bring their special brand of “I told you so”s to bear upon the last 10 months of decline in Bitcoin’s trading value, especially after this past weekend.

On July 24, 2014, member BitcoinEXpress (“BCX”) replied to a thread on the bitcoin-focused forum indicating that in under two hours he had discovered and gained possession of an exploit in the codebase of Monero (XMR). He gave no indication that he intended to use the exploit to attack the coin until other forum members started to confront him as to the veracity of the claim. Don’t worry, it gets MUCH stranger...

The allure of a quick buck is difficult to resist which is why many traders are drawn to the high volatility and large potential returns of cryptocurrency “altcoin” trading, but there are some things one should keep in mind when looking to play in those markets. FYI, altcoins are decentralized digital currencies like bitcoin that are secured by cryptography.