🕑 4 min read
What did we collect for you today:
- Daily market review;
- Bill Clinton will join crypto conference;
- Exchanges/listing/ICO news: new tokens, announcements;
- And more related information.
📌 New Bitcoin's downtrend?
The new local trend does not include past support level
Hello everyone. We notice that the bears again showed their face on the Bitcoin market. As a consequence, altcoins market is also in a downward trend. Experts argue that in the long term, we shouldn't despair - however, after a decline of more than 7%, rational analysis still shows a negative sentiment.
The rise of Bitcoin was supported by outright speculation? In addition to unpleasant news from the SEC (the postponement of ETFs), analysts blame the Bitcoin's futures. Few days ago, the number of open Bitcoin futures contracts on CBOE has declined.
At this moment, total market capitalization of all currencies is above $271, recently moving toward $272b. Further correction dropped Bitcoin at the $7500, putting support levels at about 7000 or slightly higher.
📌 Bill Clinton will join crypto conference by Ripple
42nd President of the United States to attend a SWELL conference by Ripple
Swell conference, which will take place in San Francisco (where Ripple`s home of headquarters is situated), during first days of October. This time, meetup will connect first persons of policy, payment systems and technology specialists.
However, no one expected that Ripple will be "generous", inviting the former President of the Democratic Party, Bill Clinton with his speech. Many users agreed that it is not just "another person from politics." During when the Clinton was in White House, the Internet began to developed as the World Wide Web (now we rarely use this term, but still have www.).
💰Market Cap: $271 664 597 025
💵24h Vol: $13 953 324 158
📊 Prices TOP 01.08.2018
↗️↘️ BTC: $7572.54
↗️↘️ ETH: $420.75
↗️↘️ XRP: $0.445761
↗️↘️ BCH: $755.24
↗️↘️ EOS: $7.25
↗️↘️ XLM: $0.274893
↗️↘️ LTC: $77.38
↗️↘️ ADA: $0.139342
↗️↘️ IOTA: $0.927915
↗️↘️ USDT $0.998687
♻️ Exchanges
📌 Accounts of Bithumb users can be frozen
“Nothing personal”: one of the 'big four' exchanges has problems with its partner
One of South Korea's largest crypto-exchanges, Bithumb, is having problems with its partner, Nonghyup Bank (NH Bank). The deal with the bank expired yesterday, July 31: this means that now, the countdown has started until the user accounts can be blocked. Why did this happen?
The main subject of the agreement is the possibility to use personalized accounts (withdrawals by the real user, obtaining his name and other data). The authentication process, that is, the transfer of such data, is necessary in S.Korea. If this process cannot be continued (in this case, with NH bank), user accounts can be frozen (even previously authorized). At the moment, only new users can't be authenticated. It is likely that one of the largest exchanges will solve their problems.
The reason for the disagreement was the bank's demand to obtain more profitable conditions after the recent hack of Bithumb.
📌 Binance buys Trusted Wallet
The largest crypto-exchange buys wallet company, expeting bull run
Trusted Wallet, perhaps not widely known, is developing a decentralized, open source and anonymous digital wallet. Now it has become part of one of the most profitable crypto companies on the market, Binance.
Earlier, Trusted Wallet started an ICO to seek funding, but in June, developers returned funds to investors. The main person of the team reports that he is very pleased with the proposal from Binance. By the way, this is the first acquisition of the exchange.
The project itself will soon appear on the Binance Chain, decentralized platform. Changpeng Zhao confirmed that the project is still under development, and this is will be not the only one acquisition by them. The plans on the future (probably pumped) market is much more global.
📌 Other updates – new projects, tokens and more
- Do not miss: Coinsquare adds XRP on its platform. XRP is the 3d currency by market capitalization, set its goal on fast and transparent transactions.
- EOS markets are now available on Poloniex exchange. EOS/USDT, EOS/BTC, and EOS/ETH pairs will be fully enabled today.
- Ravencoin (RVN) is now listed on Cryptopia exchange.
- Update: Bitfinex announced new fee tiers on its platform.
Know more interesting events/important updates? Please write a comment about it.
💱 Exchanges TOP
Bitforex 14.24B -> 63.37%
Binance 1.43B -> 6.37%
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