#CryptoCorner: #CNBC’s Kelly Says this is “By No Means the Funeral for #Bitcoin”, Chinese Mining Giant Going Public and #Blockchain Research Group Ranks EOS as Number One Network
#CryptoCorner: #CNBC’s
Kelly Says this is “By No Means the Funeral for #Bitcoin”, Chinese Mining Giant
Going Public and #Blockchain Research Group Ranks EOS as Number One Network
Point Roberts, WA, Delta BC – June 25, 2018 - Investorideas.com, a leader in crypto and
blockchain investing news reports on what’s driving the cryptocurrency markets
with today’s edition of Crypto Corner.
Crypto Corner – June 25, 2018
Read this in full at http://www.investorideas.com/news/2018/crypto-corner/06251CNBCChineseMiningEOS.asp
CNBC’s Kelly Says This is “By No Means the Funeral for Bitcoin”, Chinese
Mining Giant Going Public and Blockchain Research Group Ranks EOS as Number One
Network
“This is not the funeral for Bitcoin, whatsoever,”
said CNBC’s Brian Kelly. On CNBC’s Fast Money segment on June 22, Kelly argued that with market
“sentiment approaching lows”, Japan’s straightening out of its crypto market
through Financial Services Agency (FSA) action and, perhaps most compellingly,
Mt. Gox’s move to begin civil rehabilitation, that the crypto market may still
be vital.
“Let’s put this in perspective. It doesn’t mean
that Bitcoin can’t go lower, this is a bear market...This is by no means the
funeral for Bitcoin,” he said.
At press time the total market cap sits at $258
billion USD, according to data from CoinMarketCap. After a bearish weekend for the crypto market,
all of the top 50 coins are currently in the green for the past 24 hours.
Ebang Communication, one of China’s biggest mining
chip manufacturers, has filed an application for an initial public offering (IPO) with the Hong Kong Stock Exchange
today. The application is a draft, and as such the company’s valuation is still
unclear as well as how much it intends to raise. This news confirms a report in
Reuters from May that Ebang was gearing up to go public.
China Electric Information Industry Development (CCID), a
blockchain research group, has released an evaluative ranking of blockchain networks with EOS scoring the number one spot. The index
places Ethereum (ETH), NEO, Stellar (XLM) and Lisk (LSK) in the 2nd, 3rd, 4th
and 5th spots respectively with Bitcoin (BTC) lagging at number 17. This is the
second list published since beginning in May.
Sam Mowers, Investorideas
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