Hello my dear fellow crypto enthusiasts and welcome to this new edition of the Bitcoin Garden Newsletter. There are a lot of things happening in the crypto panorama, so let try to recap a bit for those who haven't been following the latest events.
BITCOIN PRICE UNDER PRESSURE. In the last 48 hours the price dropped from about $650 to about $550 per Bitcoin. Over $1bn of market capitalization went lost. This drop is partially related to the security breach on the BitFinex exchange that caused a theft of something like 120K BTC. At this time it is not clear how Bitfinex is going to compensate the users. Lesson: If you have your funds in a third-party service remember your coins aren't really yours unless you control the private keys. You can find more details of the happenings here: http://bit.ly/2aPNS3v
THE ETHEREUM WAR CONTINUES. The Ethereum hard fork executed last week as a means of reimbursing investors who lost funds in the collapse of a major project has resulted in the creation of a competing currency called Ethereum Classic (ETC) on a blockchain replicating the platform's original consensus rules prior to the fork. ETC is gaining a lot of support from miners and exchanges and it is now the 3rd cryptocurrency for market capitalization. You can read all the news here: http://bit.ly/2aupLaS
COINS IN EVIDENCE. Very interesting the performance of LeoCoin (LEO) that is still experiencing a very high volume of trading, over $63,000 in the last 24 hours. In the last 30 days the coin roughly doubled it's value, going from ~32,000 satoshi per unit (30 Jun) to ~71,000 per unit (Today). LEOcoin Foundation has recently made an important change to its protocol to make it more robust and user-friendly. The organization reports successful migration from the previously used Proof of Work consensus protocol, similar to that of Bitcoin to a more efficient Proof of Stake consensus protocol. The introduction of Proof of Stake algorithm makes it possible for everyone to get involved in the staking process, without having to invest in mining hardware and having to pay electricity costs. Actually LEO is traded on 6 exchanges: Livecoin, C-Cex, LEOxChange, Cryptopia, LEObit and Bx.in.th, paired against BTC/EUR/USD/GBP. You can find all the latest news about LeoCoin here: http://bit.ly/2aPTmuY
COIN SWAP. Europecoin (ERC) released the version 3.0 of its client. The new ERC is build on 1.13 Bitcoin core. They ported the HODL concept and added "Bitbreak" Blockchain Shield (own development), that moves the chain in case the hashrate would drop under a certain level. The Team has also made a radical change of reducing the supply by a factor of ten, making ERC a semi-rare coin. 9 million coins in circulation and a max supply of 32 million ERC in 15 years. You can find all the latest news and the coin swap info at: http://bit.ly/2asIQGp
ICO OF THE MONTH. Decent has finally announced the date of their so long waited ICO. Decent Software Sale will start on the 10th of September 2016. In the last few days they also published a detailed roadmap and a bounty campaign that started August 1, 2016. You can find all details and the latest news at: http://bit.ly/2axAUp0
FORUM NEWS: In the last months there had been a lot of happenings in the forum. The number of altcoin projects with a thread on our forum surpassed 550 meaning that the majority of the altcoin community is already present. We have added some new sub boards to better fit the needs of the users, more specifically we have added a Marketplace Board where you can post your items for sale, a Jobs Offer Board where to looks for open positions in the blockchain industry and a Scam Report Board where to look for people/project to beware. I encourage all member who have fallen into a scam to report it in this specific area. Let's isolate the rotten apples!
FORUM PROFILE TIPS: I'm not sure if you aware you can add your social networks links in your forum profile. This is something very important to establish connections and making networking within the crypto community. If you're doing business on the Internet don't miss to upload your logo as profile avatar. Make people see your brand! Finally, for those who are proud of their country you can also add a flag representing your nation. Many members already did.
5000 FORUM MEMBERS. Yes we did! After two years and few months of hard work we finally hit this milestone. At the same time the official twitter account @BitcoinGarden surpassed 33,000 followers. Being a big community is a mutual benefice for all members! A great thank you for being part of this community.
Finally, but not less important, congrats to kondiomir, new moderator of the Bulgarian Board : )
Wish you a happy and hot summer! Take care! Secco.