Cryptocurrencies Market Overview - October 27, 2017

Welcome to my Cryptocurrencies Markets Overview for Friday, October 27, 2017.

Bitcoin price history for October 27

• October 27, 2011: $2.69
• October 27, 2012: $10.43
• October 27, 2013: $180.39
• October 27, 2014: $355.19
• October 27, 2015: $295.54
• October 27, 2016: $684.71
• October 27, 2017: $5860.20
• October 27, 2018: ...?

24 Hour Change

7 Day Change

Month-to-Date Change

24 Hour Volume

Market Capitalization

Feel free to use and share my charts, but please mention me as the author.

Latest Crypto News - October 27, 2017

Bull Exhaustion? Bitcoin Price Halts Ahead of $6,000

After failing to breach $6,000, bitcoin prices have again taken a downturn. At press time, the bitcoin-U.S. dollar (BTC/USD) exchange rate is $5,850, but of greater interest to traders is what this means for the ongoing rally, which has pushed bitcoin up from an Oct. 25 low of $5,376. Prices on the CoinDesk Bitcoin Price Index (BPI) have twice neared the $6,000 mark in the last 24 hours, yet both attempts have stalled.

_{Read more: coindesk.com}

Hong Kong Bitcoin Community Strongly Rejects SegWit2x

The Hong Kong bitcoin community, which includes individuals, meetups, events, and organizations, has strongly rejected the SegWit2x hard fork expected to occur on November 16 later this year. Already, apart from four companies, most of the major bitcoin service providers in Hong Kong such as Bitfinex, BitMEX, Bitspark, Gatecoin, OKCoin, and Tidebit have clarified bitcoin will remains as “BTC” after the fork, and SegWit2x will be considered as “B2X.”
_{Read more: cryptocoinsnews.com}

India Goes Bitcoin: Zebpay Will Add 500k Users Monthly by 2018

Indian Bitcoin exchange Zebpay is adding 200,000 users a month and is eyeing half a mln by the end of 2017. In an interview with Forbes India, the exchange, which is one of the country’s ‘big names’ in Bitcoin along with Unocoin and Coinsecure, described recent market transformation as “crazy.”
_{Read more: cointelegraph.com}

Segwit2x Developer Says November Hard Fork is Full Steam Ahead

The Segwit2x working group has been quiet lately, but now it seems the development wheels are turning once again. On Wednesday, October 25 the lead developer of the Segwit2x (BTC1) working group, Jeff Garzik, addressed the public with a status update. According to Garzik, everything is “still full steam ahead for Segwit2x upgrade” scheduled for mid-November.
_{Read more: bitcoin.com}

Other sources:

• SegWit2X Lead Developer: Hard Fork Not Stopping (Cryptovest)

Paypal Co-Founder Says Bitcoin is Underestimated, Compares to Gold

Billionaire venture capitalist and PayPal co-founder Peter Thiel has been a long time proponent of Bitcoin. At the Future Investment Initiative in Riyadh, Saudi Arabia, Thiel once again reiterated the potential of Bitcoin, stating that people are underestimating it.
_{Read more: cointelegraph.com}

Bitcoin average block size is now above 1MB

Thanks to SegWit!

Bitcoin Cash Price Crawls Back Above $350 but Will Struggle to Maintain the Momentum

The Bitcoin Cash price has been going up and down by quite a bit over the past few weeks. Especially these past seven days, the market has been pretty volatile, to say the very least. As of right now, the Bitcoin Cash price hovers near the $350 mark, which seems to be the limit for the time being. Things may still improve in the coming hours, though, but no one should be overly excited.
_{Read more: themerkle.com}

Fake Mobile Poloniex Apps Are Capable of Draining User Balances

Mobile device users are often targeted by criminals in various manners. In particular, mobile users involved with cryptocurrency have seen some scary developments as of late. It turns out there are a couple fake Poloniex applications in the Google Play Store. That is a very worrisome development, to say the least. By collecting login credentials, criminals can effectively drain user accounts if customers don’t have 2FA set up.
_{Read more: themerkle.com}

Intel Partners With Ledger to Introduce Cryptocurrency Holdings Storage System

Technology major Intel has partnered with virtual currency hardware startup firm Ledger as of late October 2017 in a bid to introduce new solutions for storing cryptocurrency holdings. Under the collaboration, Ledger’s Blockchain Open Ledger Operating System (BOLOS) will be integrated into Intel’s Software Guard Extension (SGX) secure storage product line.
_{Read more: cointelegraph.com}

Indonesian Central Bank Continues Campaign Against Cryptocurrencies, Bans Bitcoin as Method of Payment

The Indonesian Central Bank has resumed its campaign against digital currencies as it ordered a ban on the use of the leading virtual currency Bitcoin as a method of payment. The bank claimed that Bitcoin represents neither a legal nor a recognized medium of exchange and payment in Indonesia.
_{Read more: cointelegraph.com}

Chinese Exchanges Seek Second Chance in Japan and Other More Crypto-Friendly Countries

Following the crackdown by the Chinese government last month, bitcoin exchanges in China are looking to continue their businesses in cryptocurrency-friendly countries. Nineteen chinese companies are reportedly applying for a license to operate in Japan, while others are considering Singapore, Hong Kong, and South Korea.
_{Read more: bitcoin.com}

Source: Twitter

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