The Crypto Recap: August 2nd, 2017 / Decred Roadmap / BAT Mercury / Ethfinex Announcement
Your source for curated news, videos, and more!
Market Summary
Market Cap: $101B
BTC Dominance: 44.55%
24 Hour Volume: 2.7B
Active Currencies: 836
Active Assets: 187
Active Markets: 4867
It seems we've survived a successful Bitcoin split. We've maintained a total market cap of around $100B, as more people move money back into the space. Bitcoin dominance is still quite high (44%), which is interesting considering most alts are trending upward.
NEM and EOS are the biggest winners today, up 14.7x% over the last 24 hours. It's important to note that NEM is surging upward as of late, up over 43% in the last 7 days. Veritaseum is the biggest loser over the last 24 hours, down 9.88%. The TaiFu index is still trending upward, providing a strong indicator that the uncertainty of July may finally be behind us.
News
Central Bank Digital Currencies are Possibly Years Away, According to One Governer - altcointoday
Central Bank Digital Currencies are Possibly Years Away, According to One Governer The head of Chile’s central bank has said he believes a central bank-issued digital currency may be “many years” from coming to fruition. Mario Marcel, the governor of the Central Bank of Chile, was speaking at an event in the UK on June…
Bitfinex Will Launch an Ethereum Focused Exchange - altcointoday
Bitfinex Will Launch an Ethereum Focused Exchange Digital currency exchange Bitfinex has revealed that it will be launching a new trading platform for ethereum-based tokens. Dubbed Ethfinex, the service aims to function as a decentralized exchange for tokens under the ERC20 standard. Bitfinex, founded in 2012, is one of the world’s largest bitcoin exchanges by volume, encompassing…
Bitmain Has Not Mined a Single Block of Bitcoin Cash So Far - altcointoday
Bitmain Has Not Mined a Single Block of Bitcoin Cash So Far There are many things we can learn from the initial launch of Bitcoin Cash. First of all, a lot of people sold their coins too early and will regret that decision by now. Secondly, Bitmain has no plans to support BHC for…
Litecoin CEO Not Worried About Bitcoin Cash Moving into Altcoin Scene: CNBC - altcointoday
Litecoin CEO Not Worried About Bitcoin Cash Moving into Altcoin Scene: CNBC Litecoin CEO Charlie Lee recently shared with CNBC his position in the controversial Bitcoin split. In the interview, Lee brushed off any worries and anxiety regarding Bitcoin Cash’s coming into the picture of growing alternative cryptocurrencies. When asked about how Litecoin is playing into the mix, Lee…
Poloniex Makes Some Interesting Changes to Its Terms and Conditions - altcointoday
Poloniex Makes Some Interesting Changes to Its Terms and Conditions Whenever a cryptocurrency exchange changes its terms of service suddenly, there is plenty of reason for concern. This is especially true when that exchange is Poloniex, a platform seemingly plagued by problems, insolvency rumors, and DDoS attacks. According to its new terms, some interesting changes are now…
Authorities Are Going after Users of Two of Darknet’s Biggest Markets - altcointoday
Authorities Are Going after Users of Two of Darknet’s Biggest Markets As previously covered by CCN, two of darknet’s biggest marketplaces, AlphaBay and Hansa, were taken down by law enforcement. AlphaBay was taken down by an operation dubbed “Bayonet”, which included raids on the market’s server in Canada and the U.S., and the arrest of Canadian national…
Delay SegWit2x 6 Months to Work on SegWit, Lightning: Adam Back - altcointoday
Delay SegWit2x 6 Months to Work on SegWit, Lightning: Adam Back Blockstream CEO Adam Back has proposed delaying SegWit2x by six months to mitigate a possible third fork of Bitcoin appearing. In a Twitter conversation with engineer Jameson Lopp, Back suggested that ecosystem should work together to implement SegWit and the Lightning Network. “I expect the…
Bitcoin Cash Third-Biggest Cryptocurrency On First Day of Creation - altcointoday
Bitcoin Cash Third-Biggest Cryptocurrency On First Day of Creation Bitcoin Cash reached a market cap of over $7 bln in less than 48 hours of its total existence seeing the hard fork of the original Bitcoin the third biggest digital currency in the world. Bitcoin is still miles ahead, with its cap sitting at over $44 bln.…
Here's The Trading Center In HK Where They Mined Most of the Bitcoin Cash Blocks - altcointoday
Here’s The Trading Center In HK Where They Mined Most of the Bitcoin Cash Blocks Earlier today we reported on the unknown pool that has been mining a vast majority of the Bitcoin Cash (BCH) blocks so far. Now Bitcoin.com has had an exclusive conversation with the miner from Hong Kong otherwise known as ‘MC…
Why a Bitcoin Fork Is Not a 'Stock Split' - altcointoday
Why a Bitcoin Fork Is Not a ‘Stock Split’ If you’ve been following the bitcoin fork drama this week, you may have heard the term “stock split” thrown around in interviews with “experts.” Before we get to the problems here, it’s true that there are now two publicly traded bitcoin assets, bearing similar names with similar value propositions.…
Thai Banks Consider Free Document Verification Via Blockchain - altcointoday
Thai Banks Consider Free Document Verification Via Blockchain Banks are notorious for the complexity of their data and record keeping, particularly because of the need for privacy and identity verification. Nearly everything that’s done at a bank requires official records, and all those official records must be validated, confirmed and stored for up to seven…
eToro Introduces Cryptocurrency Hedge Fund - altcointoday
eToro Introduces Cryptocurrency Hedge Fund eToro, a major social trading and multi asset brokerage company with millions of users that has raised nearly $60 million since 2007, has recently introduced its cryptocurrency investment platform CopyFund to address the rapidly increasing demand from both individual and institutional investors towards bitcoin. Investing in cryptocurrencies such as…
UASF Revisited: Will Bitcoin's User Revolt Leave a Lasting Legacy? - coindesk
Attention this week has so far focused on a group of bitcoin users that successfully split off the blockchain to form their own cryptocurrency. But fascinating as the real-time market creation of Bitcoin Cash has been, for those who have closely watched developments, August 1 marked another lesser-acknowledged milestone – the passing of the deadline for a controversial scaling proposal Bitcoin Improvement Proposal (BIP) 148.
Bitfinex Is Issuing Another Token – and a New Ethereum Exchange to Go With It - coindesk
Digital currency exchange Bitfinex has revealed that it will be launching a new trading platform for ethereum-based tokens. Dubbed Ethfinex, the service aims to function as a decentralized exchange for tokens under the ERC20 standard. Bitfinex, founded in 2012, is one of the world's largest bitcoin exchanges by volume, encompassing more than 20 percent of exchange-based trading volume in the past week, according to data from Bitcoinity.
Nasdaq Inks Blockchain Trading Deal With Swiss Stock Exchange - coindesk
Nasdaq has signed a deal with the operator of Switzerland's primary stock exchange to integrate blockchain into its over-the-counter product services. According to a U.S. Securities and Exchange Commission (SEC) filing from July 26, Nasdaq – which has been working with blockchain technology since as early as 2015 – struck the agreement with SIX Swiss Exchange, a subsidiary of SIX Group. Notably, the group has also been experimenting with blockchain through its SIX Securities business line.
Quoine Exchange Sued Over Multimillion-Dollar Bitcoin Trade Reversal - coindesk
Cryptocurrency market maker B2C2 is suing exchange service provider Quoine over bitcoin trades worth millions that were reportedly reversed in April. According to the Strait Times, the lawsuit was recently filed in the Singapore High Court, with B2C2 aiming to regain the 3,084 bitcoins (worth around $8.4 million at press time) from the exchange.
MultiChain 1.0: Bitcoin-Compatible Private Blockchain Opens for Enterprise - coindesk
A modified version of bitcoin's software is now available for enterprise use. Built over the course of almost four years by venture-backed startup Coin Sciences, the open-source MultiChain 1.0 software is said to inherit much of the security and stability of its predecessor, but with differences designed to make it more suitable for corporate users.
Options Exchange CBOE to Launch Cryptocurrency Derivatives in 2017 - coindesk
The Chicago Board Options Exchange (CBOE) has partnered with Gemini, the bitcoin exchange backed by investors Cameron and Tyler Winklevoss, as part of a bid to launch cryptocurrency derivatives trading. According to the Wall Street Journal, the agreement will find the CBOE leveraging Gemini's data for the launch of dedicated product listings in 2017. Opened to traders in 2015, Gemini is a New York-based exchange offering bitcoin and ether markets, as well as daily auctions of the cryptocurrencies.
Why a Bitcoin Fork Is Not a 'Stock Split' - coindesk
If you've been following the bitcoin fork drama this week, you may have heard the term "stock split" thrown around in interviews with "experts." Before we get to the problems here, it's true that there are now two publicly traded bitcoin assets, bearing similar names with similar value propositions. They even appear side by side on some major exchanges.
South Korean Lawmaker Seeks to Tighten Cryptocurrency Rules - coindesk
A South Korean lawmaker has proposed amending the country's Electronic Financial Transaction Act to more closely regulate cryptocurrencies. According to several South Korean media outlets, including the Financial News and Seoul Economic Daily, the proposal was put forth this week by Park Yong-Jin, a representative from the Democratic Party who has been at the center of recent regulatory deliberations.
Swedish Police to Seek EU Funds for Cryptocurrency Research - coindesk
National police forces in Europe are seeking new cash for research on how to tackle cybercrimes involving cryptocurrencies. According to an evaluation report released late last month, the Swedish Police Authority and its counterparts in Austria and Germany are preparing to bid for funding from a program called Horizon 2020, a European Union research initiative.
Chilean Regulator: Central Bank Cryptocurrencies May Be 'Many Years Away' - coindesk
The head of Chile's central bank has said he believes a central bank-issued digital currency may be "many years" from coming to fruition. Mario Marcel, the governor of the Central Bank of Chile, was speaking at an event in the UK on June 29, according to a transcript published by the institution over the weekend. The event was hosted by the Cambridge Centre for Alternative Finance.
One of Ethereum's Earliest Smart Contract Languages Is Headed for Retirement - coindesk
Serpent, one of ethereum's earlier smart contracting languages is no longer safe to use. That might be the biggest takeaway from an audit of ethereum's Serpent compiling language, released last week by blockchain security firm Zeppelin Solutions. The findings point to dozens of problems with the compiler, including eight critical vulnerabilities.
This post received a 3.5% upvote from @randowhale thanks to @chasewest! For more information, click here!
Enjoyable thread Really appreciate you bring this to our attention. Though prices might seam inflated for now I don't think they will look like this 2, 3 years from now. Do you know this interesting site? https://www.coincheckup.com Supposingly they researched every crypto coin in the scene based on: the team, the product, advisors, community, the business and the business model. They even score the coins stengths. Check for example: https://www.coincheckup.com/coins/Decred#analysis To check Decred Report