🕑 5 min read
What did we collect for you today:
- Review of the crypto-market;
- The new wave of crypto regulation in South Korea/Kimchi goes on!
- Exchanges/listing/ICO news: new tokens, announcements;
- And more related information.
📌 Daily market review
New wave of Bitcoin’s rally will be influenced by adoption and institutionals
At this moment, the average price of Bitcoin has decreased - it seems, that new week sentiment will be different from the previous ones, which were taken with enthusiasm. Over the past few hours, the currency dropped over $100. Last Friday was also not so simple for BTC, when the currency traded at $7900, with a rise of more than $8000 next times. Since then, we are still watching the corridor between $8,100 and $8200.
Look at Kim Kardashian — she also supports Bitcoin.
Another rally for Bitcoin? While the market stabilized after the ETF rejection, BTC holds the gained positions. Kin-Wai Lau, CEO at Fatfish Internet Group, argues that a new powerful wave, driven by institutional demand and mass adoption, may occur in the next couple of months.
📌 South Korea will establish the cryptocurrency legislation as early as the 4th quarter of 2018
Against the background of positive forecasts, investors are not frightened of legislation (source)
As the cryptocurrencies came to this region, the government was not concerned about the full-fledged creation of market regulation (this much). However, with a high growth of investment potential, and overall leadership in one of the local markets, South Korea promises to hurry with the establishment of the necessary regulatory framework.
Positive changes in crypto by SK? Despite the fact that the legislative amendments, which are planned for the 4th quarter of this year, do not look much intimidating to investors, that all is not so simple. for example, crypto exchanges can be excluded from the category of small businesses and start-ups, which now can reduce the tax down to 100%. This, of course, reformats the market (decision will be published on August 31).
📌 ICO Calendar
Upcoming/ending ICOs in the near future
📕 END
So many ICO ends this time/only rated:
- Alt.Estate [Real Estate], Evident proof [Cryptocurrency], FarmaTrust [Healthcare] ICOs will end on July 31, 2018.
📗 START
- AQUA INTELLIGENCE [AI], CoinMarketAlert [Cryptocurrency], CryptoPolice [Business Platform], Daox [Business Services] , Gabro [Finance/Banking], IoT World [Technology & Science], UnitedFans [Sports], WRIO Internet OS [IoT] ICOs will start on July 31, 2018.
TRX Airdrop. To celebrate the launching of Virtual Tron Machine team will start 10k TRX airdrop until August 3. Confirmed by Justin Sun.
↪️ Others are now verified as TBD
We do not guarantee the trust level of ICOs, but we’ll tell you about the projects that have reached the stage of sale.
💰Market Cap: $290 944 042 581
💵24h Vol: $14 561 240 613
📊 Prices TOP 30.07.2018
↗️↘️ BTC: $8117.72
↗️↘️ ETH: $454.58
↗️↘️ XRP: $0.444985
↗️↘️ BCH: $806.45
↗️↘️ EOS: $7.84
↗️↘️ XLM: $0.291827
↗️↘️ LTC: $82.55
↗️↘️ ADA: $0.154321
↗️↘️ IOTA: $0.975191
↗️↘️ USDT $0.998067
♻️ Exchanges
📌 The first regulated exchange has opened
New cryptocurrency exchange (officially approved by ESMA) launched beta-test (source)
Blocktrade.com, new platform, is the first exchange that started to work under MiFID II framework. This regulatory option is headed by Financial Markets Authority, a member of ESMA (European Securities and Markets Authority). Team of Blocktrade thinks that this is an «ideal way» which will help to carry out activities with a new class of assets under the law.
Among other crypto standards, such as BTC, ETH, BCH and others, exchange can also operate with Crypto Traded Indices™, Security Tokens, and Tokenised Assets.
📌 Bithumb: buy crypto for 500% higher than it costs!
A new wave of market manipulation on one of the largest exchanges, Bithumb (source)
Today we must once again return to the South Korean markets. So, the price of some coins on Bithumb is 500% higher than the average price, which cannot be unnoticed. For example, the average price for Ethos (ETHOS) is about $1,00, while the price on Bithumb is about $6. Same for Aeternity: $2,00 against 9,55, Stratis: $2,80 against $9,15.
The situation has been going on for a long time already, so Coinmarketcap has already noted strange trading volumes on its website. However, as we see, the picture remains to be the same. Why did this happen? This case is known as "Kimchi Premium".
At one side, it is the response of Korean investors to prohibitive measures of government bodies. As we can see, buyers are ready to overpay for cryptocurrency. On the other hand, since June 20, no new capital can be involved on the Bithumb (which forms a deficit with inflation of prices). This new influence is extremely harmful for the whole market. Another key factor is also a June's hack with major loss of funds.
Where to watch Kimchi: http://wisebody.co.kr, http://Coinmarketcap.com
📌 Other updates – new projects, tokens and more
- Do not miss it: Red Pulse (RPX) announced replacing of RPX token with the new one, Phoenix (PHX). List of exchanges supporting this token swap is updating.
- Coinbene exchange will add several pairs with currencies: FXT (FXT/ETH), INCX (INCX/ETH), PAT (PAT/ETH).
- Binance will add Dock (DOCK) currency. DOCK is one more solution to control user accounts/data with blockchain.
- OKEx confirmed Ontology (ONT) Mainnet Swap and supports ONG Airdrop.
- Coinex will open new OMG/BTC, OMG/ETH, ZRX/BTC, ZRX/ETH trading markets.
Know more interesting events/important updates? Please write a comment about it.
💱 Exchanges TOP
Binance 1.34B → 15.41%
OKEx 1.00B -> 11.53%
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