📮 13-10-2019
📈 MarketCap: $230 B
📊 24h Mcap %: 0.75%
⚠️ Bitcoin Dom: 65.9%
Active Coins: 2,563
24h Vol %: -7.43%
24h Vol: $39 B
Bitcoin (BTC) is running into its eleventh year, while Facebook’s Libra is facing renewed difficulties, with some of the founding members of the Libra Association rescinding their positions. Bitcoin pioneer, Nick Szabo underlined the fact that BTC is still way ahead of the game. Commenting on the same, Nick Carter added that the setbacks of Libra recall earlier projects egold and liberty reserve, that wanted to create alternative money, though backed by a corporate structure.
The overall market followed the bearish momentum triggered by the dramatic Bitcoin price slump. This research reveals interesting price behaviors and figures on the major tokens during that time. Although Ethereum (ETH) is reaching a wider application and has generated a lot anticipation for Ethereum 2.0, it is obvious that its price movements are still highly correlated to Bitcoin. On the other hand, the price of Ethereum Classic (ETC) moves with a higher degree of independence.
The xRapid, xVia and xCurrent services offered by blockchain firm Ripple have been fused into features of its RippleNet network. A company’s spokesperson explained that now, “instead of buying xCurrent or xVia, customers will connect to RippleNet and instead of buying xRapid, clients will use On-Demand Liquidity.” The Ripple representative also said: “Other than the names of the product, very few things have changed and will not affect our customers.”
A firm part-owned by Overstock’s tZERO is seeking regulatory approval to launch one of the first markets for publicly traded, registered security tokens, with ownership records stored on the ethereum blockchain. Unlike its 50 percent shareholder tZERO, whose own trading platform went live in January and handles security tokens exempt from SEC registration requirements, BSTX would list only tokens that are full-fledged public securities.
One of China’s big four banks China Construction Bank (CCB) has released the second version “BCTrade 2.0”, of its blockchain trading platform following transactions exceeding $50 billion. BCTrade 2.0 digitizes trade and financial services between a reported 54 domestic and overseas CCB branches and 40 external organizations, including a number of state-owned and foreign banks. Cumulative transaction volume has to date reportedly exceeded 360 billion yuan ($50 billion).
With Halloween approaching, it seems like an appropriate moment to take a peek into the crypto industry’s graveyard. Even in an industry as young as crypto, plenty of projects have already died, and sites like Coinopsy and DeadCoins are providing crowd-sourced autopsy reports. Just for fun, we did some digging into Coinopsy’s data to learn more about the kinds of projects that fail. And we found some interesting patterns.
Ripple and XRP fans are cheering a decentralization milestone for the XRP Ledger. Ripple’s list of trusted validators has been updated, showing 79% of the nodes on the list are not run by the San Francisco-based startup. According to the latest numbers, seven of the 34 unique node list (UNL) validators on the network are owned by Ripple. Validators do the math to determine whether transactions are valid, allowing them to either be accepted or rejected by the network in an effort to prevent abuse and double-spending.
Billionaire investor Tim Draper says Bitcoin can do a lot more than upend banking, finance and real estate. He says it has the potential to transform government by breaking down walls and tribes, uniting people into a seamless global economy. The shift will strip today’s political leaders of certain types of power and strategies. “Bitcoin brought with it a few fundamental technologies that can accelerate our transformation from a tribal planet to a global one,” he says.
Litecoin Foundation recently revealed its partnership with the San Diego International Film Festival. Through this collaboration, the foundation will provide attendees with The LTCs that purchase a six-day festival pass which is expected to be used to vote for the films nominated in the forthcoming film festival. A Litecoin Foundation award along with a $1,000 worth LTC will be given to the film or filmmaker with the most number of LTC donations received.
Connecting to other chains doesn’t seem to be an ethereum developer’s priority. But other chains seem to want to connect to ethereum. Josh Swihart, VP of marketing and business development at the Electric Coin Company (ECC), the Company behind Zcash Coin deveopment told that over the next six months the zcash community will develop a wrapped ZEC token that can be used on the ethereum blockchain. The privacy coin may one day become a conduit for private, automated loans and financial products.
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