Bitcoin Going Down In Flames?

If you’ve been keeping an eye on the cryptocurrency markets this week, it won’t have escaped your notice that…

Pretty much every cryptocurrency is down this week.


Well, the cryptocurrency market is so nuanced, there’s rarely a single reason for major price moves.

But here are three main reasons for the most recent dip:

  • Fears that South Korea will clamp down further on cryptocurrency exchanges
  • The Chinese cashing out their crypto gains for the Lunar New Year
  • Beginning of year sell-off to pay taxes
  • There’s also a lot of panic selling by novice crypto traders spooked by dropping prices

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Electroneum Cryptocurrency

A new cryptocurrency called Electroneum is launching on November 1st.

It’s is a brand new British cryptocurrency which launched via an Initial Coin Offering (ICO) on September 14th. Developed to be used in the mobile gaming and online gambling markets, it will be the most user-friendly cryptocurrency in the world with wallet management and coin mining all possible on a mobile app.

There’s more background on the coin in this Yahoo Finance article.

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The coins are on sale for $0.01 each and there’s a 20% bonus added on top until Midnight British Standard Time, …

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