•   
  •   
  •   

Technology Can cryptocurrencies and blockchain stocks rally in 2018?

22:27  12 july  2018
22:27  12 july  2018 Source:   fool.com

HTC is launching a blockchain-powered phone

  HTC is launching a blockchain-powered phone HTC is developing a new Android phone that will be powered by blockchain technology. The phone, named Exodus, will feature a universal wallet and a built-in secure hardware enclave to support cryptocurrencies and decentralized applications.

GoldMoney stock is down 52.3% in 2018 so far, although the stock is still up 12% year over year. Investors who want exposure to this sector should dip into companies that are diversified but are also investing time in cryptocurrency and blockchain technologies.

* CRYPTO ALERTS ** Cryptocurrency and blockchain stocks . As the broad indexes move higher there are less stocks participating in the rally . Not a good sign. 4 charts suggesting a stock market crash in 2018 based on historical data.

A depiction of the cryptocurrency Bitcoin© Provided by Fool A depiction of the cryptocurrency Bitcoin

This time last year the price of Bitcoin had reached above the $2,500 mark — considered an impressive surge after starting the year below $1,000. Investors now know just how incredible its run would turn out to be, as it would challenge the $20,000 mark in December before the bubble finally burst in late 2017 and early 2018. In addition to its high valuations finally catching up to it and other cryptocurrencies, nations around the world began a crackdown of cryptocurrency exchanges that has hurt valuations.

Unless you are a bag holder that jumped in during its fall 2017 run, it is worth noting that its year-over-year jump is still mightily impressive. The same applies for its competitors like Ethereum, Bitcoin Cash, and Litecoin. Cryptocurrency prices have plunged this year, but initial coin offerings have soared, and companies continue to invest in blockchain technology.

Ethereum is top public blockchain, bitcoin No. 13 in China's new index

  Ethereum is top public blockchain, bitcoin No. 13 in China's new index Ethereum is top public blockchain, bitcoin No. 13 in China's new indexEthereum is the top public blockchain in the cryptocurrency space, while that of bitcoin, the original virtual currency, is ranked 13th, according to the Chinese government's first monthly Global Public Chain Assessment Index released on Thursday.

* CRYPTO ALERTS ** Cryptocurrency and blockchain stocks . Crypto market BREAKOUT: InvestingHaven flashed a BUY alert on July 18th 2018 . Top notch guidance on how to play this breakout, tips on establishing a future proof crypto portfolio, our selection of 10 top cryptocurrencies

A massive bubble? A passing fad? A scam? Whatever the cynics out there want to call bitcoin, its BTCUSD, +1.66% insane rally continues to befuddle the haters and enrich the crypto faithful. Fear of missing out can have a powerful — and dangerous — influence on financial decisions.

The news has been especially positive in Canada. The federal government announced earlier in the year that it would dedicate resources to studying blockchain through the Bank of Canada. TMX Group Ltd.(TSX:X), which operates cash and derivatives markets including the TSX, announced in March that it would launch a cryptocurrency exchange. Canada has also become a hot spot for miners to migrate to due to its cheap energy costs and lack of regulatory oversight when it pertains to mining crypto. TMX Group stock has climbed 22.2% in 2018 as of close on July 11.

GoldMoney Inc. (TSX:XAU) has also sought to take advantage of the cryptocurrency wave. The Toronto-based company specializes in precious metals investment services but added a Bitcoin and Ethereum holding in the fall of 2017. Shares hit an all-time high of $8.05 in December at the height of the cryptocurrency craze, but have since fallen off sharply. GoldMoney stock is down 52.3% in 2018 so far, although the stock is still up 12% year over year.

Bitcoin Surges After Breaking Back Through $7,000 Level

  Bitcoin Surges After Breaking Back Through $7,000 Level What’s up with Bitcoin?

It's been a rough 2018 for bellwether cryptocurrencies Bitcoin and Ether. The first half of 2018 dampened broad enthusiasm for cryptocurrency as regulatory actions by the Securities and Exchange Commission The author holds stock in investment holding company, Leucadia, and remains a

Technological advances have made it possible to dramatically increase the accountability and transparency of public financing to reduce corruption. For example, if a government decides to construct a road, it can now track how each dollar is being spent, identify all the users of the funds

The price of Bitcoin has plummeted since its amazing heights in December, but investors are more aware of cryptocurrencies than ever. The Bank of Canada published a study called the Bitcoin Omnibus Survey (BTCOS), which sought to identify trends that led to the dramatic price increase. The study found that Bitcoin ownership among Canadians grew from 2.9% to 5% this year, while awareness of Bitcoin rose to 85%.

Perhaps most critically, the study also found that about half of Bitcoin holders use it as an investment rather than for transactions. The price movement of Bitcoin and other cryptocurrencies have come to resemble precious metals in recent months, often plagued by volatility and periods of stagnation. Buying and holding Bitcoin and other cryptocurrencies as an investment in 2018 is just as risky, but these vehicles do not possess the longevity and reputation as a safe haven that gold and silver boast.

7 reasons experts say it's not too late to invest in cryptocurrency

  7 reasons experts say it's not too late to invest in cryptocurrency Despite industry volatility, insiders say smart investors should embrace crypto.Load Error

Nvidia CEO Jensen Huang speaks at CES 2018 in Las Vegas on January 7, 2018 . But even without a blockchain -induced rally , Xinyuan’s fundamentals, low valuation and solid business will lead to a Bitcoin, cryptocurrencies and blockchain technologies have become all the rage over the past year.

Blockchain & Cryptocurrency Con 2018 . Thursday, February 22 - Saturday, February 24, 2018 - Dallas, TX. For sure you’ll get to listen to some of the best speakers in the blockchain space at Blockchain & Cryptocurrency Con 2018 , but that’s just one part of what we have in store for you…

Investors who want exposure to this sector should dip into companies that are diversified but are also investing time in cryptocurrency and blockchain technologies. TMX Group is one such stock that has posted solid growth in 2018 so far.

Attention Investors: On April 25th, 2018, something incredible happened…

The Motley Fool’s Iain Butler has just revealed an ultra rare “triple down” stock recommendation. And investors all over Canada are rushing to get in. Why? Because past “triple downs” have averaged over 100% returns, and sometimes as much as 440% returns (in just over two years’ time)…

To discover the brand-new “triple down” recommendation, simply click here. You’ll be whisked to a special investor memo prepared by The Motley Fool Canada. The only catch is you’ll have to hurry! This brand-new report could be withdrawn at any time.

Click here to preview the brand-new “triple down”!

Fool contributor Ambrose O’Callaghan has no position in any of the stocks mentioned.

Blockchain jobs are booming in Asia, even as cryptocurrency prices struggle .
Blockchain and cryptocurrency jobs are increasingly appealing to job seekers from more conventional sectors in Asia — even as the technology's most famous use case struggles on the price front. Blockchain technology, which underpins cryptocurrencies such as bitcoin, is a digital record of transactions that cannot be altered. It has the potential to not only disrupt much of finance, but also many other industries. The much-hyped technology has been adopted over the last two years by both start-ups and more established corporations.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!