The Crypto Recap: July 21st, 2017
Market Summary
Market Cap: $91B
BTC Dominance: 47.9%
24 Hour Volume: 4.1B
Active Currencies: 820
Active Assets: 176
Active Markets: 4665
Over the last 24 hours we've dropped around $2B, staying rather steady across the market. We're sitting right around a total market cap of $91B leading into the weekend where we should see much lower volumes and a few people cashing out here and there. Bitcoin dominance is still right around 48%, holding steady even after dropping 3.7%. The majority of coins are up/down a few percentage points within the last 24 hours, but Stratis appears to be soaring; up around 18%.
We're seeing some solid trends upward, indicated by the TaiFu index. Once again Tether seems to be the only thing that's red in their Top 30 list, which is fantastic. To me, looking at USDT seems to me like a decent way to gauge confidence in the market. Obviously you shouldn't trust just that and should look into multiple indicators, but Tether is supposed to stay right around $1. Assuming you trust Tether in that regard, it only makes sense to go into it to stay safe from market fluctuations.
News
London Stock Exchange Partners IBM to Use Blockchain for Private Securities in Italy
London Stock Exchange Partners IBM to Use Blockchain for Private Securities in Italy The London Stock Exchange Group (LSEG) recently partnered with IBM to build a blockchain solution to digitally issue private securities of small and medium-sized enterprises (SMEs) in Europe. The new platform’s goal is to help simplify tracking and managing shareholder information by storing it…
Education Initiatives Increase Bitcoin Adoption
Education Initiatives Increase Bitcoin Adoption Educational initiatives aimed at minimizing Bitcoin adoption resistance are on the way. For example, RSK is developing a specific learning program to address decision makers’ educational needs, as well as a blockchain program geared to address technicians’ needs. Moreover, jointly with Funzi, RSK is planning to provide Bitcoin technology education on mobile devices.…
Bitfury Successfully Tests Lightning Network
Bitfury Successfully Tests Lightning Network The firm Bitfury Group published a video which shows a successful demonstration of the Lightning Network on the Bitcoin mainnet. Bitfury Group Tests ‘Real Bitcoins’ Using the Lightning Network The well-known company Bitfury which calls itself a blockchain security and infrastructure provider has successfully tested “real bitcoins” using the Lightning Network on the mainnet.…
ICO Mania: $1.2 Billion Raised in 2017, $600 Million in the Last 30 Days
ICO Mania: $1.2 Billion Raised in 2017, $600 Million in the Last 30 Days More than $1.2 billion in cryptocurrency was raised through ICOs in the first half of 2017, far outstripping venture capital investment in blockchain and Bitcoin firms. About $600 million was raised in last 30 days alone. A 78-page “Token Mania” document from Autonomous NEXT summarizes…
Bitcoin SegWit Activation is Imminent
Bitcoin SegWit Activation is Imminent After months of disagreement and internal debate, the Bitcoin Network will finally implement a scaling solution; BIP91 has just locked in, meaning that the activation of SegWit will be imminent. BIP91 Gains Most Support The lock in of the BIP91 proposal means that as long as 51% of the network hash…
Blockchain Startup Billon Nets €2 Million From EU Research Fund
According to a statement from the startup, the grant seeks to formally recognize its capacity in developing corporate payment solutions based on distributed ledger technologies (DLT). The startup said the funds would be used to its suite of develop e-commerce and content monetization solutions. Further, while Horizon 2020 provides €80 billion in funds from 2014 to 2020 for a wide range of innovation companies, this is perhaps the first funding offer from the program to a blockchain-related startup. Specifically Billon Group's grant came from a subsidiary SME Instrument program, which has offered €3 billion during the same period for high-potential SMEs.
NRI Subsidiary Launches Blockchain Technology Assessment Service
NRI SecureTechnologies, a cybersecurity subsidiary of Japanese information security provider NRI, has announced a new blockchain service. But what separates this offering, according to the release, is that it is designed specifically for systems that use blockchain technology. More specifically, it will seek to analyze and simulate attacks on smart contracts, or self-executing code that runs on a blockchain.
Understanding Bitcoin's Scaling Debate: Politics Comes First
Jim Harper is vice president of the Competitive Enterprise Institute, where he works to adapt law and policy to the information age. A former counsel to committees in both the US House and the US Senate, he served as Global Policy Counsel for the Bitcoin Foundation in 2014. In this opinion piece, Harper lays out how politics controls many of the decisions being made in the bitcoin scaling debate, offering a solution for those involved.
Kosovo Gets Bitcoin ATM Despite Central Bank’s Warning
Soon after the central bank issued a warning about digital currencies including bitcoin, Kosovo sees several signs of rising bitcoin adoption, including its first Bitcoin ATM.
Viabtc Launching Bitcoin Cash Token and Mining Pool for Bitcoin ABC
Major mining pool and bitcoin exchange Viabtc has announced the launch of their new mining pool designed for “Bitcoin Cash” (BCC). These tokens are the result of plans to hard fork Bitcoin and run the Bitcoin ABC client.
How Exchanges Plan To Deal With a Possible August 1 Fork
Over the past week, many bitcoin exchanges have revealed plans for the possibility of a network fork on August 1, 2017.
Thousands of Japanese Stores May Suspend Bitcoin Payments on August 1
Over 5,000 retail stores and restaurants across Japan that currently accept bitcoin payments may suspend bitcoin use in their stores on August 1 if their bitcoin payment processors halt services.
Belfrics Launches Exchange in the Face of Indian Demonetization
The monetary ecosystem is changing drastically in India. The country is bracing for demonetization of their local currency. To aid with this process, Malaysian company Belfrics just launched a new exchange/trading platform for Indian customers and others. India may soon be a cashless society as a result of this trajectory.
Russia Prepares to Legalize ICOs
Russia is currently working on a regulatory framework to legalize Initial Coin Offerings (ICOs), local publications reported on Wednesday. This is in addition to a bill that is being finalized to recognize cryptocurrencies such as bitcoin and ether.
Korean Digital Currency Bill to Launch Shortly but Government Has Concerns
The bill to provide a legal framework for digital currencies including bitcoin in South Korea is set to be introduced this month. However, the government still has a number of concerns and needs more in-depth research, as outlined at a parliamentary hearing on Monday.
Federal Judge Sides with Coinbase Customer Against IRS
A federal judge has ruled in favor of an anonymous customer of the bitcoin exchange Coinbase against the Internal Revenue Service, permitting the unnamed bitcoiner to challenge the agency’s summons and proceed with their case anonymously.
Predicting the August 1 Split Flow Chart the Hard Way
Below is a detailed flow chart graphic that depicts the possible outcomes to the upcoming scaling proposals that may be implemented in the near future. We hope to help our readers get a better understanding of what’s going on with these specific Bitcoin network developments.
Videos
"Bitcoin Finally Activating Segwit? A New Chapter In Blockchain!" – Crypt0 Interview
A New Type Of Blockchain: The Todachain Protocol
Segwit has NOT activated! Only BIP91 has locked in. BIP141 is required for Segregated Witness
VLOG #2: Your Altcoin Is A Ponzi Scheme, Scamcoin, and S***coin
Research
- Coinbase Adds 100k Users within 3 Days
- List of news for Syscoin
- Blockchain Voting Could Greatly Improve Election Security and Transparency
- Coinbase & GDAX Will Not Support Bitmain’s Hard Forked Bitcoin
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Here are my Top 10 for this week:
https://steemit.com/cryptocurrency/@cryptosphere/top-10-cryptos-of-the-future-july-22-2017-a-weekly-ranking-of-the-best-place-to-put-your-money-in-the-cryptosphere