The Crypto Recap: July 31st, 2017 / LBRY Open Beta / Vitalik on EOS / XVG Android Wallet
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Market Summary
Market Cap: $92B
BTC Dominance: 50.92%
24 Hour Volume: 2.2B
Active Currencies: 836
Active Assets: 187
Active Markets: 4808
Slowly rising over $92B in total market cap today, as people move more into Bitcoin before tomorrow. BTC dominance is right at 50% tonight, but it should be interesting to see if that holds after the fork. The 24 hour volume is slightly lower than usual for a weekday. It's likely due to a few exchanges halting bitcoin purchases in lieu of the uncertainty surrounding August 1st and the changes that'll take place.
Qtum is up over 20% in the past 24 hours, becoming the clear winner in the top 20. There are no real losers today, with everything slightly up a few percentage points. LTC is seeing a decent uptick in volume today, so perhaps people are using it to move money around or expecting to stay safe there. The TaiFu index looks to be strongly trending upward, but that could definitely change quickly tomorrow morning.
News
What Will Be Bitcoin Cash Value After Its Launch? - altcointoday
What Will Be Bitcoin Cash Value After Its Launch? The Bitcoin digital currency team is finally splitting as the new token called Bitcoin Cash (BCH) is already scheduled for launching on Aug. 1, 2017. The value of the new cryptocurrency, however, is yet to be officially announced by its management. Many digital currency players and Bitcoin enthusiasts…
Indian Bitcoin Exchanges Announce They Won’t Support Bitcoin Cash - altcointoday
Indian Bitcoin Exchanges Announce They Won’t Support Bitcoin Cash Three of Indian’s top bitcoin exchanges have revealed that they won’t be supporting Bitcoin Cash, the new digital currency that is expected to result from a user activated hard fork (UAHF) on the 1 August. The three exchanges that have made the announcements are Zebpay, Unocoin…
Ethereum Mining Difficulty Exploded Over the Past Three Months - altcointoday
Ethereum Mining Difficulty Exploded Over the Past Three Months The Ethereum mining difficulty has increased by leaps and bounds over the past few months. With more and more people looking to mine cryptocurrency — and Ether specifically — it is normal to see this trend emerging. Unfortunately, this does not bode well for Ethereum miners, as…
UK Government Seeks Blockchain Pitches for £8 Million Startup Competition - altcointoday
UK Government Seeks Blockchain Pitches for £8 Million Startup Competition A U.K. government agency is seeking pitches from blockchain startups as part of a competition focused on digital health solutions. Innovate UK – a nondepartmental public office aimed to promote innovation through grants and investments – announced last week that it is looking to award up to £8 million…
Slow Withdrawals Leave Coinbase Users Annoyed - altcointoday
Slow Withdrawals Leave Coinbase Users Annoyed The upcoming Bitcoin Cash hard fork on August 1st has excited many and worried others. It is going to be a disruptive time for the Bitcoin network and cast uncertainty over the future of Bitcoin. Will one chain survive? Will both live on and compete forever? Those answers are hard to predict from…
CybCSec Solutions, the Scandinavian company bringing innovative computer security to the crypto-sphere - altcointoday
CybCSec Solutions, the Scandinavian company bringing innovative computer security to the crypto-sphere For Immediate Release: CybCSec Coin [XCS] is a new cryptocurrency being released by the Scandinavian based cybersecurity company, CybCSec Solutions (company formation pending). Their main long-term focus will be on business and personal cybersecurity features for business and personal users. The team comprises…
Erik Voorhees Confirms He Will Dump his Bitcoin Cash as Quickly as Possible - altcointoday
Erik Voorhees Confirms He Will Dump his Bitcoin Cash as Quickly as Possible August 1st is almost upon us. It will be a very interesting day for all Bitcoin users around the world. People who have been waiting for Bitcoin Cash to be created will be counting down the hours as we speak. Some people…
The Bitcoin Trust Reveals Post-Fork Contingency Plan - altcointoday
The Bitcoin Trust Reveals Post-Fork Contingency Plan Grayscale Investments, the sponsor of the Bitcoin Investment Trust has revealed its upcoming plans for the fund if a hard fork takes effect on August 1 producing another digital currency. A Fork Contingency Plan for the Bitcoin Investment Trust The Bitcoin Investment Trust (OTCQX:GBTC) is a fund that derives its…
What Happens to Bitcoin Price Tomorrow After the Fork? - altcointoday
What Happens to Bitcoin Price Tomorrow After the Fork? Bitcoin traders may soon be able to bet on their preferred version of the blockchain. As if a years-long debate over the network’s technical roadmap wasn’t dramatic enough, Tuesday could see yet another twist in bitcoin’s scaling debate. That’s when a group of miners and developers say they…
Bitcoin “Hodlers” Rejoice Over Dicey August 1 As Litecoin Looks Shaky - altcointoday
Bitcoin “Hodlers” Rejoice Over Dicey August 1 As Litecoin Looks Shaky Those holding on to their Bitcoins – or hodlers as they are known in crypto parlance – despite the uncertainty that seems to hover over the Aug. 1 deadline for a network split, may now seem to have a firm reason to justify their stance. With…
BTC-e Responds About Downtime, Assures to Return User Funds - altcointoday
BTC-e Responds About Downtime, Assures to Return User Funds Troubled cryptocurrency exchange BTC-e has said its downtime was due to “FBI agents entering its data center.” In a post in Russian on BitcoinTalk Monday, BTC-e, which has been down for almost a week, said it had struggled for six days to get answers from its hosting provider. The post…
Bitcoin Fork Watch: News & Guides for the Coming Blockchain Split - coindesk
The bitcoin protocol could see its first major fork on August 1. That's when, if miners stand by their word, the network will see the creation of Bitcoin Cash – a new cryptocurrency backed by a version of the blockchain that boasts a unique technical roadmap.
'Blockchain Revolution' Author Launches $20 Million Digital Asset Investment Firm - coindesk
Alex Tapscott, the co-author of the book "Blockchain Revolution," is today launching a new digital asset investment firm backed by $20 million in financing. Called NextBlock Global, the new firm will focus on investments in the digital asset space. In statements, the fund's backers described the round as oversubscribed – a perhaps unsurprising state of affairs given recent interest from investors in vehicles tied to the blockchain industry.
BTC-e Pledges to Return Customer Bitcoin Days After Police Seize Domain - coindesk
A forum account long associated with the operators of the BTC-e digital currency exchange has posted new statements days after international law enforcement officials moved to shutter the service. As CoinDesk reported last week, police in Greece moved to arrest Alexander Vinnik, whom they accused of laundering roughly $4 billion through BTC-e, including funds connected to the now-defunct Japanese bitcoin exchange Mt Gox. U.S. prosecutors later unveiled a raft of charges against BTC-e and Vinnik, and a $110 million fine was handed down from the Financial Crimes Enforcement Network (FinCEN).
Bitcoin Cash 101: What Users Need to Know Before Tomorrow's Fork - coindesk
Bitcoin is headed toward a fork tomorrow. Whether that happens for sure remains to be seen, but if it does, and you hold bitcoin, there are a few things you will want to keep in mind.
New York City Staffer Sanctioned For Mining Bitcoins at Work - coindesk
An employee of New York City's Department of Education has been disciplined after being caught mining bitcoins on his work computer. According to a recently published disposition from the City of New York Conflicts of Interest Board, department employee Vladimir Ilyayev admitted to mining bitcoin between for a period of several weeks between March and April 2014. Bitcoin mining is an energy intensive process by which new transactions are added to the blockchain, generating new coins with every block that is created.
More Welcome Than Warning? The DAO Ruling Could Transform Securities - 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.
UK Government Seeks Blockchain Pitches for £8 Million Startup Competition - coindesk
A U.K. government agency is seeking pitches from blockchain startups as part of a competition focused on digital health solutions. Innovate UK – a nondepartmental public office aimed to promote innovation through grants and investments – announced last week that it is looking to award up to £8 million ($10.5 million) in grants to firms working on health initiatives.
Japan's Fujitsu to 'Commercialize' Hyperledger Fabric Software by Next Year - coindesk
The research arm of Japanese IT firm Fujitsu has unveiled new technology it developed for the Hyperledger Fabric blockchain project as part of a plan to commercialize the software by next spring. Billed as a means to speed up the rate of transactions for high-performance uses, Fujitsu Laboratories said today that it has developed and tested new tools to speed up transactions with Fabric. The first production-read version of Fabric was launched by the Linux Foundation earlier this month, coming weeks after the publication of a release candidate.
Legal Experts Warn of Coming Crackdown on Token Exchanges - coindesk
As the blockchain community grapples with the fallout from recent regulatory actions, legal experts are warning more enforcement measures could be on the horizon – and that token exchanges are a probable target. To recap, last week saw the U.S. Securities and Exchange Commission (SEC) rule that a defunct blockchain-based token called The DAO constituted an unregistered security. Just hours later, the Department of Justice and the Financial Crimes Enforcement Network (FinCEN) levied a $110 million penalty against BTC-e and arrested one of its founders – actions that struck an exchange that had long openly flouted the law.
The Bitcoin Cash Timeline: What Will Happen When - coindesk
Jimmy Song is a bitcoin developer and principal architect at blockchain technology startup Paxos. In this opinion piece, Song discusses the upcoming launch of Bitcoin Cash, outlining how it will (and won't) impact the bitcoin blockchain in the coming days and weeks.
14,000 Coinbase Customers Could Be Affected by IRS Tax Summons - coindesk
Digital currency exchange startup Coinbase is pushing back against a renewed court effort by the Internal Revenue Service to obtain information on some of its customers. Earlier this month, the IRS sought to narrow the scope of its investigation of the startup's customers after running into opposition from both Coinbase itself as well as several of its customers. The dispute dates back to November, when the tax agency first went to court in a bid to obtain user records from Coinbase for the period between 2013 and 2015.
The Simplest Way to Understand Why The DAO Was a Security - coindesk
Last Tuesday night, the Securities and Exchange Commission (SEC) ended months of speculation, breaking its silence on blockchain tokens and issuing a landmark report that said a blockchain-based project called The DAO had issued securities under U.S. law. The report, however, is important beyond its applicability to The DAO: It helps describe how the existing legal and regulatory framework for securities laws apply to crypto tokens more broadly. And, more specifically, it shows how a crucial concept – called the Howey Test – applies to the DAO and other tokens.
Public Company to Convert Bitcoin to Stock in First-of-Its-Kind Fundraise - coindesk
As initial coin offerings (ICOs) start to come under regulatory scrutiny in the U.S., one Australian venture capital firm is experimenting with a new way to convert cryptocurrency into regulated corporate shares. Following a decision to offer a 300,000 Australian dollar ($239,000) convertible bitcoin loan to money-transfer startup DigitalX, investment firm Blockchain Global Limited has revealed exclusively to CoinDesk that it has completed its due diligence and will close the entire AU$4.35 million investment in bitcoin.
SBI Reveals Joint Blockchain Remittance Venture With South Korean Startup - coindesk
South Korean bitcoin exchange Coinplug has announced a new joint remittance venture with the fintech subsidiary of Japan-based investment group SBI. The joint venture, dubbed SBI Cosmoney, is expected to launch its remittance service last this year, the two firms said. Coinplug is working with SBI FinTech Solutions Co., which is part of the wider SBI business group that has invested in a number of blockchain startups.
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