Most cryptocurrencies are in red today, but Bitcoin has gained 8.6% and has again 51.5% of the whole crypto market capitalization!
I think many people sell their altcoins for Bitcoin to get the 'free airdrop' of Bitcoin Cash on August 1st. That means we can expect 3 more days of pressure on altcoins. Hopefully these people sell their free Bitcoin Cash and use the money to buy back their altcoins after August 1st :)
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Latest Crypto News - July 28, 2017
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 24 hours, we may very well see a new all-time high for Bitcoin in the coming hours. That would certainly put any speculation of “jumping ship” to Bitcoin Cash to rest.
Read more: themerkle.com
The Future of “Bitcoin Cash:” An Interview with Bitcoin ABC lead developer Amaury Séchet
If all goes according to plan, August 1st will see the launch of a new cryptocurrency, described as an “airdrop altcoin,” a “spinoff-coin,” a “fork-coin,” a “clone-coin,” or — as the people behind the project call it — “a new version of Bitcoin:” Bitcoin Cash (“BCC”). Anyone who holds bitcoin (BTC) on this day, at 12:20 UTC precisely, will automatically receive the equivalent amount in BCC, attributed to their Bitcoin private keys.
Read more: bitcoinmagazine.com
Litecoin Terminals Pop Up Across US, UK and Canada Amidst Surging Demand
Litecoin ATMs are reportedly popping up around the globe as the numbers have doubled in making it a market leader in digital currency-supported banking terminals.
Read more: cointelegraph.com
Survey: 28% of Russians Have Heard of Bitcoin
As the Russian government works on the regulatory framework for digital currencies, a nationwide survey is published showing that only 28% of Russians have heard of bitcoin or other cryptocurrencies, and only 1% has any investment in them.
Read more: bitcoin.com
Bitpay Will Not Suspend Services — 'Very Little Risk of Network Disruption on August 1st'
On July 27 the world’s largest bitcoin payment processor, Bitpay, announced its plans for August 1st. According to the company, there is a lot of “misinformation” concerning updating Bitcoin’s consensus rules and the firm does not plan to suspend services that day.
Read more: bitcoin.com
Can Ethereum Overcome Its Immense Technical Problems?
Princeton Computer Science Professor Michael Freedman on why scaling this blockchain-based computing platform will be so difficult.
Read more: reason.com
AMD: Cryptocurrency Mining Isn't 'A Long-Term Growth Driver'
Chip maker AMD has seen its sales buoyed in recent months by big demand for graphics cards by cryptocurrency miners.
Read more: coindesk.com
Enterprise Ethereum Alliance Joined by 34 More Organizations, Including Mastercard and Cisco
The Enterprise Ethereum Alliance (EEA), the world’s largest open-source Blockchain initiative, has recently added 34 new members expanding to a total of 150 organizations.
Read more: cointelegraph.com
$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.
Read more: coindesk.com
Kraken On Bitcoin Cash: Prepare For ‘Extreme Volatility’
Kraken has issued a warning to margin traders in its official Bitcoin Cash statement, saying they should prepare for “extreme volatility.”
Read more: cointelegraph.com
Bitcoin Startup KeepKey Ends Support For Multibit Wallet Software
The long-running bitcoin wallet Multibit is being discontinued, the firm that bought it last year has announced.
Read more: coindesk.com
Coinbase Advises Users To Transfer BTC
Amid fears of the proposed Bitcoin Cash (BCC) fork coming on August 1, cryptocurrency exchange Coinbase has issued a notice to their users.
Read more: cointelegraph.com
SEC ICO Decision Signals Crowdfunding, Investors Shift From US to Asia
The recent move by US Securities and Exchange Commission to potentially regulate ICOs has excited many ICO investors and companies in the Asian region, as the hot Blockchain-based investing trend could potentially shift to the region.
Read more: cointelegraph.com
Investor Howard Marks: Cryptocurrencies Aren't Real
A noted investor is taking aim at bitcoin and cryptocurrencies, deeming them in a recent investor note as "not real".
Read more: coindesk.com
