New all-time high Cryptocurrency Market Cap: $122 billion.
Again a new all-time high for the Cryptocurrency Markets today: $122 billion. That may sound like an enormous amount of money, but did you know this is still just 57% of the annual revenue of Apple? And did you know this is still just 1.6% of the value of all gold in the world? The current value of all gold is estimated at $7641 billion according to OnlyGold.com. Just to put it in perspective...
SegWit
We’re at the verge of the true big milestone for Bitcoin. Just 27 blocks to go before SegWit will lock-in on the Bitcoin network! About 5 hours... Once locked-in, SegWit will definitely be activated, but not immediately. Because of the two-week 'grace period', SegWit won't activate until block 481,824, which is currently projected to happen on August 21. This essential 'grace period' gives miners time to upgrade their software. Miners who don't upgrade will be at risk of losing their mining rewards, since their blocks would be rejected if they don't support SegWit after block 481,824. Once locked-in, all miners have to upgrade!
I believe this is a great milestone for the whole crypto industry! Follow it live here: xbt.eu
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Latest Crypto News - August 08, 2017
Lawmakers Want to See Bitcoin Become an Official Currency in Australia
Lawmakers in Australia are reportedly pushing for the recognition of bitcoin as an official currency.
Read more: coindesk.com
Other sources:
Overstock to Keep 50% of All Bitcoin Payments as Investments
Online retailer Overstock.com is shifting its cryptocurrency investment strategy keeping half of the bitcoin it takes in as payment, the company's CEO has said.
Read more: coindesk.com
Wikileaks is Now Accepting Zcash Donations
Non-profit media group Wikileaks has announced that it is now accepting donations in the privacy-oriented cryptocurrency zcash.
Read more: coindesk.com
SegWit's Likely Lock-In: What Today's Milestone Means for Bitcoin
Barring unlikely interruptions, the scaling proposal called Segregated Witness (SegWit) is expected to lock in on the bitcoin network today.
Read more: coindesk.com
Bitcoin Price Keeps Heading Toward US$3,500, Bitcoin Cash Rebounds by 36%
As we had somewhat expected, the Bitcoin price keeps marching on toward US$3,500. Reaching that goal would be a significant milestone for the popular cryptocurrency. It seems Bitcoin Cash is also going through a healthy recovery process. Other top 10 currencies note smaller gains or even losses. Exciting times are ahead, especially now that the total cryptocurrency market cap surpassed US$120bn.
Read more: themerkle.com
Overstock Lets Customers Pay With More Than 40 Alt Coins
Bitcoin is the biggest and most famous digital currency, but it's hardly the only one: There are hundreds of other so-called "alt coins" and now, in a significant development, the owners of these coins will be able to spend them at a major retailer.
Read more: fortune.com
Other sources:
Major Japanese Retail Chain Marui Now Accepts Bitcoin Payments
Major Japanese retail store chain Marui has signed a partnership agreement with Bitcoin exchange Bitflyer that will enable it to accept Bitcoin payments in stores starting August 7. With this move, Marui becomes the first large department store chain in Japan to accept the digital currency for payment.
Read more: cointelegraph.com
Bitcoin Cash Eases Mining Difficulty as Blockchain Adjusts
CoinDesk contributor Jimmy Song gives an update on changes in Bitcoin Cash's mining ecosystem and why they might be of note for investors.
Read more: coindesk.com
Putin's Aide Seeks $100 Million to Rival China in Bitcoin Mining
A company co-owned by one of President Vladimir Putin’s internet advisers plans to raise the cryptocurrency equivalent of as much as $100 million in a push to help Russian entrepreneurs challenge China in bitcoin mining.
Read more: bloomberg.com
How much is the Market Capitalization of all cryptocurrencies? Donald Trump knows the answer. Check it out in this clip...
