Utrust (UTK)
Utrust (UTK) is a distributed ledger technology that combines elements of traditional payment systems by allowing users to buy items with cryptocurrency, but the coins are held in escrow until the transaction fully completes. It has a market cap of over $27.6 million, has a circulating supply of over 310 million and has traded nearly $3 million in the last 24 hours according to CoinMarketCap.com.
UTK/USD broke out of a consolidation yesterday that began in late June, and so far today is trading above the June 21 high of $0.08378. A close above this level could be an indication of a potential retrace net of the previous downtrend, with a target at the 61.8% retracement level near $0.11120. A potential stop could be placed below 0.07500.
NEWS TO KNOW
Crypto Markets Seeing Red, Total Market Cap Down Almost $15 Bln
According to CoinMarketCap, the total market capitalization of the cryptocurrency market ended down nearly $15 billion from yesterday’s high. Bitcoin saw a decline of 1.49%, Ethereum was down 3.46% and EOS suffered the biggest losses among the top ten with an 11.94% decline.
Tens of Millions View Crypto Tech During World Cup
During the 2018 World Cup, ZUG, Switzerland’s Hyundai Digital Asset Company paid for a 35 second spot highlighting their use of blockchain technology such as Bitcoin. The ad shows a futuristic home with holographic imagery and a message that Hdac technology platform is smart and secure thanks to the blockchain solution.
Bill Poulos, President of Profits Run, Inc., Revealed the Top ICOs to Watch for in July 2018 While Reviewing Previously Submitted Cryptocurrencies
Bill Poulos, CEO of Profits Run, Inc. and market investor since the 1970s, broke down the top 5 ICOs to watch for. His top five are Uchain, Deepcloud AI, DxChain, ANKR Network and Cognida.
Why Cardano (ADA) Can Possibly Check-mate Ethereum (ETH)
Similar to Ethereum, Cardano is a smart contract network with a strong focus on security. The innovation involved in the development has led to its best use supporting monetary apps, and its use of a two-layer network allows improvements to be made without the need of a fork.
Vitalik Buterin Proposes a Shift to Uniform Price Auction for Ethereum Miner Compensation
Ethereum cofounder, Vitalik Buterin published an extensive document explaining how a uniform price auction can replace the cu rent fee mechanism. The proposal would replace the current system that requires you to price your transaction fee based how quickly you want it to execute.
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