Blockchain Technology stocks across the board are down across the market today. It remains unclear if individually there is something brewing within the market but that has yet to be uncovered. My personal guess is that it has a lot to do with various countries trying to regulate crypto assets recently. Many news outlets have been spreading rumors that countries are going to flat out ban cryptocurrency but no actual country has yet to confirm such thing. Many have begun trying to regulate cryptocurrency as a whole, as it has newly exploded into the mainstream scene, just last year.
It seems most new investors in the market are easily spooked by regulation bans. Today, it seems that investors are spooked and have begun panic selling, thus bringing the market down nearly $50 billion USD.
What do you think? Do you believe that cryptocurrency prices affect blockchain technology stock prices? Leave your comments below.
Despite the high volatility of cryptocurrency assets, many large corporations have begun implementing teams within their businesses to come up with ideas on how blockchain technology can be added to current infrastructure. Many large banks and financial institutions were the first to jump on board. Now, it seems just about every sector is trying to get in on the new technology. Even governments have started to look into the technology, more specifically the U.S border patrol. Can blockchain technology be applied effectively to every database? We shall see.
If you’re already invested in blockchain stocks, here are how some of the stocks closed on the markets today.
ShiftPixy Explains Blockchain Use and the results will blow you away! ShiftPixy Inc. (NASDAQ:PIXY) released a statement today explaining why it uses blockchain and investors appear to have reacted positively. The stock is currently up 38%. ... [Read]
DMG Blockchain Solutions (TSX-V:DMGI)(OTCQB:DMGGF) released preliminary revenue guidance for its fourth-quarter ending September 30, 2021. According to the company’s press release, DMG expects cumulative revenue for Q4 2021 to be in the range of $3.5 ... [Read]
Bitcoin has almost doubled this year and is up about 700% over the past year. After surging to more than $64,000 ahead of Coinbase’s ( COIN ) public listing last week, the digital currency plunged ... [Read]
The agriculture industry presents 6.4% of the globe’s entire economic production, and yet, the sector still deals with complicated ecosystems and financial structures. Most people want to know where, how, and who produces the food ... [Read]
The recent launch of Apple Inc.’s (NASDAQ:AAPL) first proprietary credit card, Apple Card, has turned the spotlight towards the growing digital payment and mobile wallet industry. But Apple may be late to the game, as ... [Read]
The entertainment industry has some big-names, from Netflix (NASDAQ:NFLX) to Disney (NYSE:DIS). But forget the FANG stocks for a second because recently, the entertainment and media sector has been influenced by new players. Three, specifically. ... [Read]
If you are looking for investment opportunities in the FinTech sector, then Intelligent Systems (NYSE:INS) could be for you. INS stock has broken out in 2019 with shares already up over 150% since January 1st. ... [Read]
When penny stocks shoot up 20% in a 24-hour period, it begins to make sense why investors take a risk backing stocks under $5. Such is the case for two companies on our radar today. ... [Read]
Highlights: DMG releases an API for Walletscore, enabling automated BTC wallet risk lookups. ETH is expected early Q2 2019 DMG has partnered with SPIRIT Blockchain, a Swiss-Canadian blockchain technology company, to market and sell DMG’s ... [Read]
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