The Crypto Recap: July 28th, 2017
Your source for curated charts, news, videos, and more!
Market Summary
Market Cap: $89B
BTC Dominance: 51.31%
24 Hour Volume: 2.6B
Active Currencies: 831
Active Assets: 185
Active Markets: 4773
The total market cap currently sits right around $89B, as we enter the weekend leading up to August 1st. We've almost survived this month of uncertainty. BTC dominance is up 10% from the 41% on July 1st. We're seeing a bit of selloff across the majority of alts, as people attempt to get more BTC for the coming hard fork. I would expect a large dip in Bitcoin Cash right after coins are issued, but it's likely that it won't be dying off any time soon.
Bitcoin and Waves are leading the last 24 hours with gains of 3.5% and 5.9%, respectively. Steem looks to be the biggest loser, dropping 10% over the same time frame. The TaiFu index shows we're trending upward overall, with very few coins increasing over the last 24 hours.
Make sure you're ready for the fork by moving your BTC somewhere that will respect both versions. That way you'll get the appropriate amount of BCC when things are finished.
TaiFu index
News
Oklahoma Gets First Bitcoin ATM As Coinsource Targets Underbanked - altcointoday
Oklahoma Gets First Bitcoin ATM As Coinsource Targets Underbanked Oklahoma is set to receive its first ever Bitcoin ATM as Coinsource installs its 121st machine in the capital Oklahoma City. The Sooner State, which ranks among the bottom areas of the US in terms of median household income, will benefit residents struggling with extant forms of financial support, the…
Euroclear and Paxos End Blockchain Gold Settlement Partnership - altcointoday
Euroclear and Paxos End Blockchain Gold Settlement Partnership The partnership between blockchain startup Paxos and Europe’s largest settlement service has ended. Euroclear and Paxos, as previously reported, were developing a blockchain-based platform for settling gold trades. The collaboration aimed at putting in place new infrastructure for London’s gold market. It’s a use case that other institutions, including the UK’s…
Indian Trade Survey: 97% Aware of Bitcoin, but Use of the Cryptocurrency Remains Low - altcointoday
Indian Trade Survey: 97% Aware of Bitcoin, but Use of the Cryptocurrency Remains Low A study by India’s market and trade body has found that while 97 percent of participants are aware of bitcoin, its use within their services remains low. PHD Chamber of Commerce and Industry, which plays a role in India’s industrial…
Boxing Champ Floyd Mayweather Just Promoted an ICO on Instagram - altcointoday
Boxing Champ Floyd Mayweather Just Promoted an ICO on Instagram He’s one of the world’s greatest boxers by most standards – and he just took to social media to promote an upcoming initial coin offering (ICO). Floyd Mayweather, Jr., who earned a number of boxing records in his years on the professional circuit, is set to…
Malta Gets Its First Bitcoin ATM, Unveils Blockchain Plans - altcointoday
Malta Gets Its First Bitcoin ATM, Unveils Blockchain Plans Malta has received its first bitcoin ATM as the Maltese government unveils plans to make it the first country to embrace the blockchain. According to a report from the Malta Chamber, the bitcoin ATM is located in the town of Sliema where it is operated by Venture…
$8.2 Million: Court Orders Default Judgment Against Cryptsy CEO - altcointoday
$8.2 Million: Court Orders Default Judgment Against Cryptsy CEO A U.S. judge has ordered that the chief executive of the now-defunct cryptocurrency exchange Cryptsy must pay $8.2 million in damages to its customers. U.S. District Judge Kenneth Marra handed down the order in the long-running class action lawsuit against the Florida-based cryptocurrency exchange that collapsed in January 2016 after…
Why Are Miners Involved in Bitcoin Code Changes Anyway? - altcointoday
Why Are Miners Involved in Bitcoin Code Changes Anyway? Developers, startups, miners … all have played a role in bitcoin’s technical debates. But if you’ve been following, you may have noticed the attention being paid to whether miners are “signaling” for various proposals. Before we dive into what that means, it helps to understand that the…
Bitcoin Cash Price Sees Sharp Drop as BCC Trading Volume Dries up by Two-thirds - altcointoday
Bitcoin Cash Price Sees Sharp Drop as BCC Trading Volume Dries up by Two-thirds A lot of people are keeping an eye on the Bitcoin Cash price. That is pretty interesting, considering the token doesn’t exist yet. It will be created on August 1st through a Bitcoin hard fork. However, ViaBTC allows trading of Bitcoin…
Australia’s Blockchain Global to Build First Dedicated NEM Foundation Exchange - altcointoday
Australia’s Blockchain Global to Build First Dedicated NEM Foundation Exchange Blockchain Global, an Australia-based bitcoin miner and exchange that develops bitcoin blockchain software, will launch the first dedicated NEM Foundation exchange, according to Finance Magnates. Blockchain Global’s exchange claims to have traded more than $A600 million to date. NEM is currently the fifth largest cryptocurrency, with more than $1.5…
Bitcoin Price Goes up by $160 as $3,000 Target is Within Reach - altcointoday
Bitcoin Price Goes up by $160 as $3,000 Target is Within Reach Bitcoin is primed for another major take off, by the look of things. The Bitcoin price has shown bullish signals over the past two days and the trend is starting to materialize as we speak. With a near 10% gain in the past…
Bitcoin Investment Vehicle Adopts Open Strategy Ahead of Blockchain Fork - coindesk
The provider of a bitcoin exchange-traded note (ETN) in Sweden has said that it will track what the market considers to be "bitcoin" following a possible network split next week. XBT Provider AB released a statement outlining its plans ahead of what could be a split in the bitcoin blockchain on August 1, one pursued by the proponents of an alternative implementation called Bitcoin Cash. The first of two ETNs launched by XBT Provider went live in mid-2015 following approval by the Swedish government.
$25 Million: Blockchain Startup Tierion Completes ICO for TNT Token - coindesk
Blockchain startup Tierion has completed its previously announced token sale, raising $25 million. As CoinDesk reported earlier this month, Tierion launched its ethereum-based Tierion Network Token (TNT) as part of a bid to support the network effects of its Chainpoint protocol. The sale was launched yesterday with an initial closing date of August 10.
Bitcoin's 'Market Dominance' Climbs Above 50% For First Time Since May - coindesk
Bitcoin's market capitalization relative to the rest of the cryptocurrency market has risen above 50% for the first time in two months, according to a popularly used metric.
Why Are Miners Involved in Bitcoin Code Changes Anyway? - coindesk
Developers, startups, miners ... all have played a role in bitcoin's technical debates. But if you've been following, you may have noticed the attention being paid to whether miners are "signaling" for various proposals. Before we dive into what that means, it helps to understand that the term "miners" actually relates to a diverse group of people.
Bitcoin Inches Above $2,800 to Hit 5-Day High - coindesk
The price of bitcoin across global exchanges hit $2,833 today, the highest figure observed since July 23. The five-day high comes amid what has been largely a week of stability in the price of the digital asset against the dollar. Bitcoin prices fell to a seven-day low of $2,433 on Wednesday, but have traded as high as $2,889 as recently as July 21.
$8.2 Million: Court Orders Default Judgment Against Cryptsy CEO - coindesk
A U.S. judge has ordered that the chief executive of the now-defunct cryptocurrency exchange Cryptsy must pay $8.2 million in damages to its customers. U.S. District Judge Kenneth Marra handed down the order in the long-running class action lawsuit against the Florida-based cryptocurrency exchange that collapsed in January 2016 after months of growing complaints from customers. The class-action lawsuit was filed shortly afterwards, with the court ultimately moving to place Cryptsy into receivership the following April.
Hyperledger Blockchain Project Adds 10 New Members - coindesk
The Hyperledger blockchain project just got a little bit bigger. The Linux Foundation-backed consortium has announced 10 new members, of which seven are "general" members and the other three are "associate" members. To date, more than 100 companies, startups and organizations have joined the effort, which was first launched in late 2015.
Overstock's TØ Has Already Built a Platform for Trading Regulated ICOs - coindesk
US retail giant Overstock.com has been waiting for the US Securities and Exchange Commission (SEC) to tell the world exactly when a crypto token is a security. Since 2014, the company has been building a regulated, blockchain-powered stock exchange to sell tokenized, compliant securities, and it even sold the first SEC regulated crypto-securities last December.
Euroclear and Paxos End Blockchain Gold Settlement Partnership - coindesk
The partnership between blockchain startup Paxos and Europe's largest settlement service has ended. Euroclear and Paxos, as previously reported, were developing a blockchain-based platform for settling gold trades. The collaboration aimed at putting in place new infrastructure for London's gold market. It's a use case that other institutions, including the UK's Royal Mint, is also moving toward.
German Chemical Company Pilots Supply Chain Blockchain - coindesk
German chemical giant BASF has revealed it is investigating blockchain's potential in tracking supply chains. The company quietly announced this week that it has been working with blockchain startup Quantoz and IoT startup Ahrma to trial a platform that uses blockchain technology to track the shipment of goods. The project is part of the Startup Autobahn initiative, an automotive industry-focused accelerator that includes support from automaker Daimler, which is itself experimenting with blockchain.
Blockchain Startup Bitfury Files for Electronics Design Patent - coindesk
Venture-backed blockchain startup Bitfury is seeking a patent related to electronics design, public documents reveal. The US Patent and Trademark Office published the application for "Layouts of transmission gates and related systems and techniques" on July 27, attributed to Bitfury Group Limited, based in Georgetown, Kentucky, with Bitfury CTO Valery Nebesny listed as the sole inventor.
AMD: Cryptocurrency Mining Isn't 'A Long-Term Growth Driver' - coindesk
Chip maker AMD has seen its sales buoyed in recent months by big demand for graphics cards by cryptocurrency miners. According to its latest financial report, AMD recorded $1.22 billion in revenue during the second quarter of 2017, up 19% compared to the same period last year. This increase, the company said, is being spurred "by higher revenue in the computing and graphics segment."
Videos
How To Profit 📈 From The Upcoming Bitcoin Hard 🍴 Fork Of Bitcoin Cash vs Segwit (The Cryptoverse) - Chris Coney - YouTube
My Top 5 Coins For The Rest Of 2017 (VLOG #4) - CryptoGordo - YouTube
Crypt0's News: July 28th, 2017 (Alt Sell-off for BCH / Russia Survey / Blockfolio & Parity Updates - Crypt0 - YouTube
Research
- Waves to Develop Digital Asset Platform for Russian National Settlement Depository
- Survey: 28% of Russians Have Heard of Bitcoin
- Bank Of America is looking for an Ethereum Developper
- ICONOMI financial report — Q2 2017
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