🕑 5 min read
What did we collect for you today:
- Daily crypto/Bitcoin review;
- SEC postponed another decision on Bitcoin ETF;
- Exchanges/listing/other news: new tokens, announcements;
- And more related information.
📌 Bitcoin lost above $500
During the day, the price of digital gold has dropped to $6500
After a little period of unsteady stabilization within $7000, Bitcoin's price has plummeted, returning to the values of 3 weeks ago (near $6300). The total losses for the last 24 hours are estimated for this currency at about 9% (at the time of writing). However, this decline was not localized, it seriously affected the markets, by reducing market capitalization to below 250B (221B at the moment).
What made the markets lose about $25 billion? Now, of course, there is a great resistance to not falling below this limit of $6000 as happened at a local minimum; but, markets seem to lose previously gained volumes rapidly.
US SEC postponed the decision period for VanEck and SolidX Bitcoin ETFs until September 30. Among the most likely causes of negative sentiment was the event when SEC postponed the consideration of applications on Bitcoin ETFs until autumn. However, many members of the community have long believed that the delayed decision cannot receive a positive response from Commission before the end of September. Therefore, such a reaction, in general, looks much more obvious.
How SEC can manipulate with Bitcoin ETFs? Read the alternative opinion.
📌 What happens at the bottom of the TOP-10?
New details about the internal scandals in IOTA community
While the eyes of most investors are focused on the top 3 leaders, the altcoin market continues to lose in price, and also in popularity, or trust, which can also be said.
For example, IOTA. Despite a series of significant announcements about partnerships this spring, the team was not able to surprise their community with anything during the price decline. For example, Sirin Labs refused to work with IOTA, and preferred the Ethereum, certainly not an ideal, but still working protocol. For 24 hours, the currency lost 8% against the general background, and (almost) 30% during this week.
Here is what information was published on Pastebin this day by Sergey Ivancheglo, IOTA`s Co-founder:
«I inform everyone that I don't longer trust Dominik Schiener and I think he should quit the IOTA Foundation for the better future of IOTA. I won't expand on the details now, but you can get some information from the chat log below»
Dominik Schiener said then:
“IOTA AS will have some serious legal issues with the advisor tokens and the impending tax audit. I am done with this. I am done with being threatened. [T]his is the course of action that both of you want to take, then I’m all for it. [I]f you want to be enemies, lets [sic] fight.”
The essence of this conflict is that the members of the IOTA want Schiener to go away. But officially, IOTA responds that this reaction of Ivancheglo is only a sentiment. Probably, the strategy picked by team is wrong and can't lead project to something good.
💰Market Cap: $221 489 803 427
💵24h Vol: $16 149 883 165
📊 Prices TOP 08.08.2018
↗️↘️Bitcoin: $6 318
↗️↘️ETH: $357
↗️↘️XRP: $0,330046
↗️↘️BCH: $580,57
↗️↘️EOS: $5,54
↗️↘️XLM: $62,34
↗️↘️LTC: $0,203180
↗️↘️ADA: $0,114381
↗️↘️USDT: $0,99
↗️↘️IOTA: $0,622582
♻️ Exchanges
📌 OKEx launched community-regulated exchange
The exchange with trans-fee mining mechanism is successfully launched
CoinAll, the new platform with a native CAC token from OKEx, has been launched recently. Since the exchange was originally released under the Open Partnership Program, a free transfer of tokens is available on both other partner exchanges. Only 2 hours after Coinall launch, the CAC lockup volume has reached the level of $248M.
Started as the community-managed exchange,
«CoinAll gradually gives authority to the community members through the transaction-mining mechanism, and also by sharing daily transaction fees received, achieving shared success with the community».
One of the key details in the work of the exchange is the availability of the trans-fee mining. First pairs: CAC/BTC, CAC/ETH and CAC/USDT.
📌 Coinbase presents instant purchases and increased trading volumes
The exchange increases trade volumes from $25,000 per week to $25,000 per day
The American cryptocurrency exchange Coinbase announced some new important updates. First, the platform will increase the limit on transactions from $25,000 per week to $25,000 per day. This option will be available for US investors.
Another important innovation is that users will be able to trade assets immediately after its purchase. All these changes are aimed at increasing of the platform's volumes as well as the convenience of working with significant financial amounts, analysts say.
Previously users had to wait 5 days before they can trade recently bought assets, and the trading limit for one period was much less.
📌 More updates
- New android crypto wallet for Opera is now available. The same extension will be updated for Opera's PC version of wallet.
- Series of listings on Yobit.net: HuobiToken [HT], Nexo [NEXO], Nuls [NULS], FUND Chain [FUND], Model X [MODX] and Aurora [AOA].
- New pairs $HB/$EUR, $HB/$RUR are available for trading on livecoin exchange.
Know more interesting events/important updates? Please write a comment about it.
💱 Exchanges TOP
Binance 1.61B -> 16.98%
OKEx 1.22B -> 12.79%
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