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Market Cap: $84B
BTC Dominance: 48.23%
24 Hour Volume: 3.9B
Active Currencies: 828
Active Assets: 182
Active Markets: 4753
We've dropped nearly $10B since yesterday, as we're watching another massive move. There's a lot of uncertainty around BCC, so I imagine that's part of this recent drop. Bitcoin dominance has slightly increased as alts started dropping at a rapid pace today. We've also broken out of our recent trend
upward, but it's likely a correction after such a large jump late last week.
Many alts are down over double-digit percentages, with Tether being the only one green over the last 24 hours. This shouldn't be of any surprise for those following along. Tether was the clear escape from the last drop that happened, as there's clearly a correlation to USDT increase and a decrease in alts.
Bitmain Explains Its Stance on ‘Bitcoin Cash’ Fork ViaBTC, the Chinese digital currency exchange, recently announced support for trading a new bitcoin fork called “Bitcoin Cash” (BCC), based on User Activated Hard Fork (UAHF), which Bitmain proposed in April. Bitmain, in a recent blog, noted that it proposed UAHF to protect the bitcoin ecosystem from…
Russia’s Second Biggest Airline is Issuing Tickets on Ethereum Blockchain Russia’s biggest airline is now issuing passenger tickets on a blockchain with support from the country’s largest private bank. According to a local report by the media outlet Kommersant, the airline S7 and its ticketing agent S7 Ticket reportedly began the sales on the ethereum blockchain…
The Largest Bitcoin Funds Anonymizing Service Closes Down The largest mixing service has decided to shut down operations, citing the future of Bitcoin as a catalyst. While no links have been made official, users question possible pressure and dark market shops as a possible cause. One of the largest mixing services announced that it will stop…
Bitcoin Cash ― Everything You Need to Know About the New Hard Fork In a few days the notorious August 1st is approaching, and it’s likely this day will be remembered for a long time. This week Bitcoin.com discussed the possible scenario of a user activated hard fork called “Bitcoin Cash” as much of the…
US Securities and Exchange Commission: Sale of Digital Tokens are Subject to Federal Securities Law The US Securities and Exchange Commission said today that the offering and sale of digital tokens “are subject to the requirements of the federal securities law.” The agency, in its statement, revealed that it had been investigating the issuance of…
Abra Users Can Now Buy Bitcoin With American Express Beginning today, a select group of Abra users and new customers will see the option to buy bitcoin with their American Express card. The months-long integration process between the two companies involved Abra exposing the depths of its business processes to its partner and investor, and…
Renault Builds Digitized Car Maintenance Log Prototype Using Blockchain French automaker Renault has unveiled a new digitized car maintenance log prototype built using blockchain. Announced today, the project saw Renault working with tech firms Microsoft and VISEO to develop the prototype. A Chinese startup, BitSe, was said to have also worked on the design. Microsoft’s cloud-based Azure platform –…
Bank Acceptance is the Key Obstacle for Bitcoin to Go Mainstream A new report from US-based Bank of America Merrill Lynch argues that bitcoin will go mainstream once banks start accepting it. According to CNBC, the report outlines methods by which cryptocurrencies can be weighed against other commodities, singling out safety and liquidity as potential factors.…
20-30% of Russian Devices are Infected With Cryptocurrency Mining Virus, Claims President’s Adviser An advisor to President Vladimir Putin has claimed that as many as a quarter of computers in Russia are infected with cryptocurrency mining malware. German Klimenko, who advises Putin on issues related to the internet, recently told a domestic broadcaster that…
Poloniex Cannot Confirm to Support Any Specific Bitcoin Chain in the Event of a Split The cryptocurrency exchange Poloniex has said it “cannot commit to supporting any specific Blockchain” in the event of a Bitcoin split. In an announcement to traders outlining its stance on next week’s decisive moment for Bitcoin, Poloniex said it would leave all options…
Bitcoin Price Drops Nearly 8% as Fork Worry Re-emerges Bitcoin is again falling Tuesday as last week’s miraculous gains look set to correct downwards. Cross-exchange data from Coinmarketcap shows a seven percent drop in the USD price per Bitcoin at press time, with 1 BTC worth $2,562. A rally last week, much of which centered on Thursday’s trading,…
Central Bank of New Zealand Rejects Call for Enhanced Cryptocurrency Regulations In recent statements addressing contemporary cyber threats, including those pertaining to cryptocurrency cyber crime such as ransomware, the New Zealand Reserve Bank has rejected calls for enhanced and intrusive regulations. Organisations Have to Be Swift Against Cyber Threats The New Zealand Reserve Bank…
The US Securities and Exchange Commission said today that the offering and sale of digital tokens "are subject to the requirements of the federal securities law." The agency, in its statement, revealed that it had been investigating the issuance of tokens connected to The DAO, the ethereum-based funding vehicle that collapsed dramatically last summer following an exploit of a flaw in its code.
The Cornell University professor who was among the first to warn about the vulnerabilities that led to the collapse of The DAO has issued new statements on a ruling today from the US Securities and Exchange Commission finding the project had indeed issued securities. A prominent public critic of the project, Emin Gun Sirer was vocal about its issues, though his statements often pointed to weak points in its technical design. At the time, he called out issues with the project's voting mechanisms, alongside possible attacks that could be launched against its code (and eventually were).
Ether prices are down more than 11%, dropping below $200 amidst a wider market fall among the world's top cryptocurrencies. According to CoinDesk data, the price of ether – the cryptocurrency of the ethereum network – fell to as low as $196, with data provider Ethereumprice.org showing the market's weighted average sliding to $195.59 during recent trading. The last time ether prices fell below $200 was on July 19, available market data reveals.
It might not be the first reaction you'd expect from one of the people most responsible for popularizing the use of cryptographic tokens as an investment tool. However, the founder of the Token Summit conference that helped bring the concept to the fore of the industry believes new comments from the US Securities and Exchange Commission will do much to encourage the sector to improve. Issued today, the SEC found that tokens issued by an ethereum project called The DAO were securities, setting off shockwaves in an industry that had long been expecting such news.
What if starting a hedge fund was as easy as downloading an API? A startup incubated at MIT Media Lab is today revealing a product designed with this ease-of-use in mind. Called Catalyst, the first product offering by blockchain startup Enigma aims to trigger nothing short of an explosion of new hedge funds focused on cryptocurrency as an asset class.
French automaker Renault has unveiled a new digitized car maintenance log prototype built using blockchain. Announced today, the project saw Renault working with tech firms Microsoft and VISEO to develop the prototype. A Chinese startup, BitSe, was said to have also worked on the design. Microsoft's cloud-based Azure platform – which has become the focal point for the tech firm's blockchain strategy – was used to host it.
An Australian bitcoin exchange has reportedly raised $815,000 in Series A funding. According to Business Insider, the Melbourne-based Bitcoin.com.au received the funds from Alium Cpital and Dominet Venture Partners. The new funding will be used to expand the startup's overseas operations in the UK and Canada. Founder and chief executive Rupert Hackett told the publication that the funding would also fuel the integration of other cryptocurrencies, including ethereum and XRP.
The operators of a regulated, Jersey-based bitcoin fund have officially closed a new $5 million fund aimed at investing in cryptocurrency tokens and initial coin offerings (ICOs). Backed by fund manager and former JP Morgan trader Daniel Masters, the offering by Global Advisors is the latest in a string of funds aimed at offering accredited investors exposure to the burgeoning crypto asset class. However, it may be unique in that those who committed investment funds did so in ether, the native cryptocurrency on the ethereum blockchain.
Bitcoin is on the road to increasing its capacity – but it's not there yet. Despite the claim bitcoin has been upgraded to support Segregated Witness-style transactions, there are more steps that need to occur before its distributed network can process additional data.
The SEC said today that some initial coin offerings (ICOs) may qualify as securities sales – a move that while expansive in impact, wasn't that surprising to legal and regulatory observers in the space. As CoinDesk reported earlier today, the US agency revealed that it has completed an investigation into the creation and subsequent collapse of The DAO, the ethereum-based, smart contract-powered funding vehicle that fell apart following a devastating code exploit last summer. Ultimately, it did not take action against those behind the project.
An advisor to President Vladimir Putin has claimed that as many as a quarter of computers in Russia are infected with cryptocurrency mining malware. Herman Klimenko, who advises Putin on issues related to the internet, recently told a domestic broadcaster that "it is estimated that 20-30% of devices are infected with this virus", according to Moscow-based news service RBC.
Beginning today, a select group of Abra users and new customers will see the option to buy bitcoin with their American Express card. The months-long integration process between the two companies involved Abra exposing the depths of its business processes to its partner and investor, and has resulted in an even closer relationship between the firms.
A subsidiary of Indian IT giant Infosys is pushing ahead with its plans for blockchain in a bid to create new revenue streams. In a filing submitted earlier this month to the US Securities and Exchange Commission, which detailed an earnings call from July 14, Infosys detailed work on blockchain being conducted by its EdgeVerve Systems subsidiary. EdgeVerve first unveiled its plans for the tech in April 2016, after it revealed the launch of a blockchain services platform focused on international remittances.
A new report from US-based Bank of America Merrill Lynch argues that bitcoin will go mainstream once banks start accepting it. According to CNBC, the report outlines methods by which cryptocurrencies can be weighed against other commodities, singling out safety and liquidity as potential factors. The paper was penned by Francisco Blanch, who works as the bank's lead commodity and derivatives strategist.
