Welcome to the Crowdify digest of interesting and important news and views about Bitcoin and Cryptocurrency.
Cryptocurrency Market Drops to Near 50% Decline From All-Time High
The total value of all publicly traded cryptocurrencies has declined more than $10bn in the last 24 hours, amid a sell-off that broadly impacted the nascent asset class.
With the move, the market has now declined precipitously from a peak reached in mid-June, when it set an all-time high of $115bn, according to data from Coinmarketcap. In just over 30 days, the market has fallen 46.9%, falling to a low of $61bn at press time.
Among the most affected in today's decline were cryptocurrencies that had seen wild gains in recent months, including ether, and XRP, the cryptocurrencies that power the ethereum blockchain and Ripple Consensus Ledger, which were down 28% and 25%, respectively, over the last 24 hours.
Full story at http://bit.ly/2t6dfml
Source: CoinDesk
Japan’s Bitcoin Exchanges Getting Ready To Secure Smooth Operations After August 1
Shortly after recognizing Bitcoin and digital currencies, Japan continues to take thorough steps to create an attractive environment for digital currency trading and use in daily purchases.
In the latest forward looking preparations - Japanese exchanges lineup to secure smooth operation irrelevant of Aug. 1 events.
Full story at http://bit.ly/2t6zvfz
Source: CoinTelegraph
Bitcoin Crashes as Chain-Split Risks Increase
Bitcoin fell below $1,900 today, from around $2,600, as the fast approaching August 1st deadline nears, seemingly considerably increasing uncertainty among traders and investors.
The currency has been experiencing a downtrend for much of June and July, falling from around $3,000 to just above $1,900 at the time of writing, with the downwards price movement seemingly accelerating in the past few days.
The main reason is probably because the currency’s more than two years long debate is to reach a conclusion on August the 1st when bitcoiners decide which way they are to go and how.
Full story at http://bit.ly/2t6GuW1
Source: https://cryptocoinsnews.com
Bitcoin Price Drops Below $2,000 as Crypto Markets Fall Toward $70 Billion
The price of bitcoin hit a 49-day low today, falling below $2,000 for the first time in weeks amid a broad sell-off across crypto assets.
The value of the total supply of all cryptocurrencies and crypto assets tracked similarly, dropping to $72bn, a figure that was 37 percent lower than its all-time high of $115bn set in June.
Overall, the figures observed for both bitcoin and the total cryptocurrency market were the lowest since late May. Further, the asset class was down 11% over a 24-hour span at publication, a time during which it shed roughly $9bn in value.
Full story at http://bit.ly/2t6sefY
Source: CoinDesk
OneCoin IS Much Ponzi: Indian Police Chief Confirms ‘Clear Ponzi Scheme’
Indian police have said OneCoin is a “clear Ponzi scheme” as they prepare to charge original figurehead Ruja Ignatova and others.
In reports relayed by local news source Indian Express, Tushar Doshi, Deputy Commissioner of Police in Mumbai, said that so far 23 people were arrested in connection with OneCoin operations in India.
“In this sort of scheme, investors become the perpetrators as well as victims. It is clear that this is a Ponzi scheme,” he told the publication.
Doshi’s comments are the most direct suggestion yet from official sources that OneCoin is a Ponzi scheme, the outfit forcefully denying previous accusations alleging the same.
Full story at http://bit.ly/2udrgCq
Source: CoinTelegraph
The Digital Currency Commons - Andreas Antonopoulos
Published on 15 Jul 2017
Trust without centralization, digital cash without identity, and the currency commons beyond corporations. In this talk, Andreas clarifies what "trustless" means and explains why we should avoid departing from a realm where people can pay people without intermediaries imposing their political choices into every transaction. He also argues that cashlessness represents a fundamental shift in the relationship between people and money, people and the state, people and corporations.
This talk took place on May 31st 2017 for the 'Talk and Trade' meetup at the Blockchain Centre in Melbourne, Australia: https://antonopoulos.com/event/talk-and-trade-bitcoin-melbourne/
Full story at http://bit.ly/2uvu1j0
Source: SydesJokes Blog
No comments:
Post a Comment