🕑 5 min read
What did we collect for you today:
- Daily review of the market;
- Blockchain/crypto announcements;
- Exchanges/listing/projects etc.;
- And more related information.
📌 Bitcoin is under 7K
Bearish sentiment is rising: the trend
Hello! At the beginning of the next bear Monday we will fix the losses. So, the crypto-market has lost almost 50 billion dollars in just two weeks, now the market volumes reach a little more than 250 billion, declining step-by-step. At this time, the price of the dominant currency is over $6,990. Among the altcoins area, the sentiments are pretty mixing, but mostly not up to impulse growth moods, repeating the movement of Bitcoin. IOTA lost most of all, has a price of $0.88, which is the lowest number since November 2017.
Since August 3, BTC has dropped from 48.76% to 47.4%, just in 3 days. Reduction of the BTC dominance on the market echoes the sales time; on a broader segment this change could be unnoticed, however, the movement for a few days shows the high plasticity of the market at the moment. Ethereum holds more than 15% share.
📌 Goldman Sachs is considering a plan to offer custody for crypto funds
The largest investment bank will protect crypto-assets from hacking attacks
According to recent rumors, the company is considering a plan offering storage of digital assets on the security of valuable funds. The bank will hold assets on behalf of funds, reducing the risk to customers, including protecting them from hacking.
“In response to client interest in various digital products we are exploring how best to serve them in this space. At this point we have not reached a conclusion on the scope of our digital asset offering.”
quote: source
Goldman Sachs, known for their aggressive enough passages against cryptocurrency, answered, why Bitcoin, like other crypto in general, can not be a substitute for money. First, at this stage, the crypto is not adopted widely; secondly, it is not a unit of measurement, it is equally little acquired for accumulation (reserving).
📌 Eco-friendly electricity may potentially become available in your country
Chinese enthusiasts will convert blockchain to green energy
China's Fudan University presents a patent on new platform that would allow to receive green energy on the blockchain basis. This project unites buyers and sellers of solar energy and allows customers to purchase a resource at a more modest price (as expected in the future).
Modern ecology needs modernization, the community claims. Both greens and blockchain enthusiastsare agreed with this. And also, this new eco-protected system is being developed at IBM Hyperledger:
"This idea can be achieved in either a public, private or a consortium blockchain. And in this case, the system has been developed on IBM's Hyperledger platform as well as the ethereum blockchain, to make electricity tradeable and shareable within a community,"
💰Market Cap: $253 453 080 218
💵24h Vol: $11 232 547 792
📊 Prices TOP 06.08.2018
↗️↘️Bitcoin: $6 994
↗️↘️ETH: $407
↗️↘️XRP: $0,421185
↗️↘️BCH: $692
↗️↘️EOS: $6,99
↗️↘️XLM: $0,237650
↗️↘️LTC: $73,84
↗️↘️ADA: $0,130913
↗️↘️USDT: $1,00
↗️↘️IOTA: $0,865463
♻️ Exchanges
📌 Russian crypto-exchange WEX is "out of control"
WEX representative claims completely closing of the exchange
The Russian crypto-exchange WEX, which previously experienced serious problems with withdrawing funds, while raising commissions to high values, finally ceased to play in cat and mouse with its users. A disappointing message from a representative of the exchange on the largest community forum, bitcointalk, shows nothing good for its customers:
«Dear users.
The situation has already come out of control, we can no longer keep quiet about it.
The WEX exchange is closed. We did not find a common language with the beneficiaries».
The representative added that "[WEX] ask all users to forgive them. It's not our fault. "But it seems that the community does not have any sympathy for the situation, on the contrary, users say that the exchange puts absolutely random people in a dangerous situation, charging them with responsibility for actually nominal communication with the company.
Note: The personality of this user and its connection with the exchange as an official respondent aren't identified yet.
This news can probably be aimed at manipulating with ZEC/USD pair. Previously mentioned thread on bitcointalk (source) is not available more. (At the moment, users can withdraw funds only by purchasing ZEC, so this assumption is most likely to be the truth).
📌 Korean crypto exchange is powered by bank: details
Crypto-exchanges are almost fully controlled by the most important financial institutions of the country
Massive support: the two largest crypto-exchanges in South Korea, UPbit and Gopax, are supported by the country's largest bank (Shinhan Bank) and Internet company (Kakao). Few people in this region do not realize that the most influential market players find high support, including from the largest bank. It is interesting that this market, which receives rather contradictory estimates, may seriously increase its volumes in the long term.
This new report of the Korean audit firm also declares the full solvency of the Upbit exchange. The leader of the local market was able to confirm its status, in spite of the recent rumors about the company's problems. Upbit team itself met the authorities' visit in May; according to the latest report, the exchange is protected against risks, which are recently reported in the light of the Bithumb`s hack.
📌 More updates
- Bitcoin Superstore adds XRP to its platform. It allows users to make purchases across 200.000+ stores, including Amazon and Google express. ETH, BCH, LTC and DASH are also in this list.
- Ethereum Classic (ETC) has been added on BitOasis exchange. 0% fees until August 31.
- This new device from Bitmain, AntRouter R3 is not only a miner, but also an ordinary WiFi router: it costs $58, and can be delivered within 10 days. The last mining equipment released by Bitmain was the Antminer S9j that has a hash rate of 14.5TH/s.
Know more interesting events/important updates? Please write a comment about it.
💱 Exchanges TOP
Binance 1.18B → 18.27%
OKEx 775.25M → 12.00%
Wex is going down. It seems like already dead exchange.
Yes, even if that's bitcointalk account is fake all the information available about this exchange shows us that it will happen and I don't see enough reasons to think differently.
True and i don't know why people invest in crypto because its a waste time
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