Bitcoin Diamond (BCD)
Bitcoin Diamond (BCD) is a fork of Bitcoin that occurs at the predetermined height of block 495866 and there with new chain will be generated as the BCD. Bitcoin Diamond miners will begin creating blocks with a new prop-of-work algorithm, and will consecutively develop and improve the transaction speed based on original features of BTC. BCD has a market cap of over $547 million, a circulating supply of over 153 million and has traded over $17.6 million in the last 24 hours according to CoinMarketCap.com.
BCD/BTC formed a higher low on July 6 as the price began surging toward 0.003400 and falling back. A close above 0.002400 would be the highest closing price in July and could be an indication of the potential of the price to retest recent highs near 0.003400. A potential stop could be placed below 0.002100.
NEWS TO KNOW
Bitcoin Gift Cards—Coming Soon to a Retail Shop Near You?
KaiUSB is a new startup that is developing a hardware-software USB wallet that includes a set amount of Bitcoin or Ether determined at the time of purchase. The product looks to shorten the fiat-to-crypto on-ramp process. Initially the product will be available online, but looks to be available in physical retailers by the end of 2018.
Augur Platform Prepares for Main Network Deployment
After raising $5.5 million in 2015 through the sale of its REP token, Augur, a peer-to-peer prediction market platform, is set to launch on July 9. After the initiation of the main network, current smart contracts holding REP tokens will be frozen until it is converted over to the new smart contract. Users with their tokens deposited in a decentralized exchange (DEX) are urged to withdraw their holdings to a different wallet or centralized network.
YouTube Faces Heat After Court Observes its Failure to Identify Fraud Propagated by Bitconnect
In a July 3, 2018 court filing the video-streaming platform YouTube has been added as a defendant in the class action lawsuit against Bitconnect. Bitconnect was known for its using YouTube for its personalities to advertise its tokens.
Australia’s First Regulated CryptoExchange Adds Ripple XRP Support
Independent Reserve, Australia’s first regulated cryptocurrency exchange, began trading Ripple (XRP) on its platform on July 7. The exchange will allow users to purchase XRP with AUD, USD, NZD and USD. It will also support crypto-to-crypto trading between XRP, BTC, ETH, LTC and BCH.
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