The Crypto Recap: July 24th, 2017
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Market Summary
Market Cap: $95B
BTC Dominance: 47.48%
24 Hour Volume: 2.1B
Active Currencies: 829
Active Assets: 178
Active Markets: 4736
The market has been fairly stable since yesterday, moving up only $1B to a total of $95B. This is right around where we had stabilized a few weeks ago after an insane surge to $115B. Bitcoin dominance continues to stay right around 47%, with an overall gain of 26% over the last week.
Iconomi looks to be the biggest winner today in the Top 20 with a gain of 27% in the last 24 hours. However, for the most part things have been rather flat. The 1-day Bitcoin chart shows that we've broken that strong trendline upwards, taking a more horizontal course for the time being. The TaiFu index indicates this as well, as we've seen a lot of ups and downs over the last few hours.
Bitcoin (1 day candles)
TaiFu Index
News
New Hampshire's Bitcoin Regulatory Exemption Law Set to Go into Effect - altcointoday
New Hampshire’s Bitcoin Regulatory Exemption Law Set to Go into Effect A regulatory exemption for digital currency traders in New Hampshire is set to take effect next week. As reported last month by Altcoin Today, New Hampshire Gov. Chris Sununu signed HB 436 on June 2, which excludes “persons conducting business using transactions conducted…
Winklevoss Backed Gemini Exchange to Begin Daily Ether Auctions - altcointoday
Winklevoss Backed Gemini Exchange to Begin Daily Ether Auctions Digital currency exchange Gemini is set to begin hosting daily ether auctions on Friday. Starting on July 28, the exchange – backed by investors Cameron and Tyler Winklevoss – will host an auction for ether (the cryptocurrency of the ethereum network) each business day at 4pm ET.…
Details Emerge on Singapore Central Bank's Blockchain R&D - altcointoday
Details Emerge on Singapore Central Bank’s Blockchain R&D The Monetary Authority of Singapore has revealed a three-step plan to connect the world’s central banks via distributed ledger technology. The two-phase effort called “Project Ubin” would see global central banks settling cross-border transactions in real time via a blockchain. Unlike the current system, where only high-value or…
Texas Congressman Calls for Stricter Cryptocurrency Regulations - altcointoday
Texas Congressman Calls for Stricter Cryptocurrency Regulations Texas congressman Roger Williams has called for controls on cryptocurrencies to ensure they do not aid crime or terrorist activities. The rapid rise in popularity of Bitcoin has highlighted the evolution of cryptocurrency. Consequently, it has invited a lot of criticism and skepticism as well. Most skeptics address risks due to…
Dubai Set to Achieve Goal of Becoming First Blockchain Government by 2020 - altcointoday
Dubai Set to Achieve Goal of Becoming First Blockchain Government by 2020 Dubai is quickly achieving its goal of becoming the world’s first blockchain-powered government to utilize the technology for all transactions by 2020. Speaking at the recently held CIOMajlis (Chief Information Officer’s) session on ‘Blockchain Technology,’ Ahmad Al Mulla, chairman of CIOMajlis, said: Dubai is a…
Belarus Central Bank Approves Blockchain Use For Bank Guarantees - coindesk
The central bank of Belarus has cleared the way for domestic banks to use blockchain as part of their processes of transmitting bank guarantees. The move, revealed late last week by the National Bank of the Republic of Belarus, came as part of a wider initiative focused on the tech, which saw the central bank organize and oversee its own blockchain network through its Settlement Center. Notably, the National Bank indicated that its use of the tech was not related to digital currencies, clarifying that "at the same time, there are no any conceptual restrictions as to the areas of the blockchain use in the IT sphere".
Start Your Hedging: LedgerX to Begin Trading Cryptocurrency Derivatives - coindesk
For the first time ever, the U.S. Commodity Futures Trading Commission (CFTC) has given permission to a private company to exchange and clear any number of cryptocurrency derivatives. After three years of work, New York-based startup LedgerX was today granted a rare derivatives clearing organization (DCO) license allowing it to clear and custody financial instruments backed by bitcoin, ether and any number of blockchain-based cryptocurrencies.
Bold But Cautious: London Stock Exchange's Blockchain Work Is History Repeated - coindesk
Noelle Acheson is a 10-year veteran of company analysis and the author of CoinDesk Weekly, a custom-curated newsletter delivered every Sunday, exclusively to CoinDesk subscribers. In this opinion piece, Acheson discussion a recent DLT tech trial spearheaded by the London Stock Exchange, using history's lessons as a way to foretell the project's possible future.
Delaware Governor Signs Blockchain Bill Into Law - coindesk
The governor of the US state best known as the home to a majority of the country's incorporated businesses has officially signed a bill making it explicitly legal for those entities to use blockchain for stock trading and record-keeping. After weeks of anticipation, Delaware governor John C. Carney Jr. signed the bill on Friday, effectively bringing closure to an effort that began in May 2016 when his predecessor, Jack Markell, launched an initiative to promote blockchain efficiencies in government.
Kosovo's First Bitcoin ATM Sparks Central Bank Warning - coindesk
A private business in Kosovo is gearing up to install its first bitcoin ATM amid warnings from the country's central bank. According to regional news source Balkan Insight, the ATM is expected to be placed in the center of Pristina, the country's capital city. Operated by IT systems firm Albvision Ltd, the machine will support transactions in bitcoin, and soon, 10 other cryptocurrencies.
US Government Funds Blockchain Key Management Tool With $794k Grant - coindesk
A blockchain startup has received new funding from the US government to develop blockchain key management solutions. Announced on 20th July, the grant for $794,000 to Salt Lake City-based Evernym was sourced from the Department of Homeland Security's Small Business Innovation Program (SBIR). That initiative has doled out funds to blockchain startups in the past, including Evernym, which has previously received a grant from DHS focused on the development of key management tools.
Hashed Health Blockchain Consortium Expands With New Member - coindesk
Healthcare IT firm Change Healthcare has become the latest member of a distributed ledger consortium aimed at its core industry. Lead by blockchain startup Hashed Health and healthcare investment firm Martin Ventures, the goal of the group, launched in 2016, is to advance the use of blockchain protocols in healthcare.
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