Market Summary
Market Cap: $81,033,427,430
24h Vol: $4,345,195,114
BTC Dominance: 44.5%
Things have been bouncing back nicely over the last two days. The total market cap has crossed over $81B after seeing a low of $61B just a few days ago. Bitcoin dominance is starting to fall once again, which is expected as the alts continue to rise. We're seeing many double digit gains over the last 24 hours, with no coin in the top 20 seeing a loss in that timeframe. IOTA, NEM, Stratis and Veritaseum have seen increases over 25% within the last 24 hours as well.
With so much money coming back into the market, we're seeing a nice trend reversal. The TaiFu index indicates a clear uptrend, but there have been many skeptics that things may not stay this way for long. There's a chance this could be a Dead Cat Bounce, a Bear Trap or potentially we truly have broken this downward trend. No one will know for sure until we see it happen.
News
China's Chief Justice Gets Blockchain Briefing in Trip to Guiyang Courts
http://www.altcointoday.com/chinas-chief-justice-gets-blockchain-briefing-trip-guiyang-courts/
China’s Chief Justice Gets Blockchain Briefing in Trip to Guiyang Courts Zhou Qiang, China’s chief justice, received a briefing on blockchain technology last week during an inspection of the city of Guiyang in southwestern China. According to domestic media reports, Qiang spoke to local court representatives on projects related to big data and blockchain, a notable development given that he is…
Are Cryptocurrencies Recovering or is This a Dead cat Bounce?
http://www.altcointoday.com/cryptocurrencies-recovering-dead-cat-bounce/
Are Cryptocurrencies Recovering or is This a Dead cat Bounce? No one can say there is such a thing as a boring day in the world of Bitcoin and cryptocurrency. After the onslaught of price declines throughout the weekend, we kick off this Monday on a positive note. All currencies are seemingly recovering their losses.…
Nuco Builds Tokenized Blockchain
http://www.coindesk.com/nuco-builds-tokenized-blockchain-bridge-enterprise-applications/
Nuco, a startup founded by a group of former Deloitte employees, has released a new white paper detailing its latest blockchain initiative. Dubbed Aion, the proposed technology aims to connect different blockchains, including private networks operated by enterprises. The idea is that, as more companies turn to the technology for a variety of applications, there will need to be a public layer through which these future networks can communicate – and that's where Aion comes in.
Bitcoins Miners Signal for Segwit2x Scaling Proposal Early
http://www.coindesk.com/bip91-begins-bitcoins-miners-signal-segwit2x-scaling-proposal-early/
Bitcoin's miners weren't expected to start signaling for the controversial scaling proposal Segwit2x until July 21, but some are already moving to show support in advance of another round of software testing. As of today, about 43% of bitcoin's mining power is signaling for the change, including AntPool, BitClub, Bixin, BTC.com and BitFury – and other mining pools may be on the way. Slush Pool, which oversees about 5% of the hashrate, said that it will soon signal as well. As of now, there is no way to tell which are running the code.
Crypto Assets Bounce Back Above $70 Billion Amid Day of Gains
http://www.coindesk.com/crypto-assets-bounce-back-70-billion-amid-day-gains/
After a daunting weekend in which the value of cryptocurrencies cratered to levels not seen in months, 48 of the top 50 tokens are posting press-time gains. In total, the value of all publicly traded crypto assets edged over $70bn today, up nearly $10bn from a low of $61bn observed yesterday. At publication, all of the top 10 cryptocurrencies were in the green, with IOTA, ether and stratis posting the biggest gains.
SatoshiPay to Stop Using Bitcoin Blockchain for Micropayments
http://www.coindesk.com/satoshipay-stop-using-bitcoin-blockchain-micropayments/
Micropayments startup SatoshiPay has announced it intends to phase out its use of the bitcoin blockchain as the underlying technology that enables its transactions. Announced today, SatoshiPay has partnered with the IOTA Foundation, a non-profit that oversees network development, to explore replacing bitcoin with IOTA as its settlement network. SatoshiPay has been relying on the bitcoin network to settle payments since its product launch in 2015.
Scaling Bitcoin Unveils 2017 Conference Dates
http://www.coindesk.com/scaling-bitcoin-unveils-2017-conference-dates/
The fourth edition of the Scaling Bitcoin conference series is set to be held at Stanford University in California this November. To be held over two days on the 4th and 5th of the month, the conference follows previous events that have aimed to unite bitcoin's international developer community to address how its technology could be improved to accommodate more users.
$7 Million Lost in CoinDash ICO Hack
http://www.coindesk.com/7-million-ico-hack-results-coindash-refund-offer/
An initial coin offering (ICO) for a little-know startup project called CoinDash was abruptly halted today when it was revealed the sale had been compromised shortly after it began. In total, the ICO was able to raise $7.53m before the ethereum address it was using to solicit funds was altered to a fake one by an unidentified hacker, resulting in the ether going to another source.
GPU Miners Hit Secondhand Market as Ether Price Gains Taper Off
http://www.coindesk.com/gpu-miners-hit-secondhand-market-ether-price-declines/
As the price of ether has declined over the past month, e-commerce websites like eBay have seen an increase in users seeking to sell graphics processing units (GPU) used in ethereum mining. The native cryptocurrency on the ethereum blockchain, ether had recorded strong gains in 2017, rising from just under $10 on January 1, to a high of more than $400 on June 12. However, as excitement for the emerging technology cools, and the economics of the network evolve, prices have dropped, declining to a low of $133 over the last weekend.
Viabtc Launching Bitcoin Cash Token and Mining Pool for Bitcoin ABC
https://news.bitcoin.com/viabtc-launching-bitcoin-cash-token-mining-pool-bitcoin-abc/
Major mining pool and bitcoin exchange Viabtc has announced the launch of their new mining pool designed for “Bitcoin Cash” (BCC). These tokens are the result of plans to hard fork Bitcoin and run the Bitcoin ABC client.
Kazakhstan Seeks to Become Regional Hub for Cryptocurrency Industry
https://news.bitcoin.com/kazakhstan-seeks-to-become-regional-hub-for-cryptocurrency-industry/
The Kazakhstan government has announced its intentions to make the country host to “the most favourable business climate” for cryptocurrency and fintech companies. The announcement comes from Kazakhstan’s Astana International Financial Center (AIFC), which plans to operate in collaboration between Deloitte, Waves, Kesarev Consulting, and Ukrainian law firm Justcutum in order to develop a “highly progressive regulatory framework” for blockchain and cryptocurrency companies.
Alphabay Phisher Makes $1 Million in 14 Months Stealing Bitcoins
https://news.bitcoin.com/alphabay-phisher-makes-1-million-in-14-months-stealing-bitcoins/
A deep web hacker operating under the pseudonym of ‘Phishkingz’ has recently claimed to have generated over $1 million from phishing Alphabay accounts during the last 14 months. In a recent interview with Deepdotweb, Phishkingz details the methods that he uses when stealing bitcoins.
A Small Town in South Africa Wants to Have Its Own Digital Currency
http://www.altcointoday.com/small-town-in-south-africa-wants-to-have-its-own-digital-currency/
A Small Town in South Africa Wants to Have Its Own Digital Currency A controversial racially segregated bastion in the North West Province of South Africa that operates outside the laws of the country is now seeking to upgrade its functioning fiat currency with a digital version. Orania, a small town in the remote parts of…
OKCoin's International Platform Will Halt Bitcoin Operations Around August 1st
OKCoin’s International Platform Will Halt Bitcoin Operations Around August 1 OKEx, the blockchain asset-only exchange launched by Chinese bitcoin giant OKCoin’s international arm has revealed details of measures being taken ahead of the potential user activated soft fork (UASF) on August 1. Launched in late May this year, OKEx became OKCoin International’s blockchain asset-only exchange…
ViaBTC Will Support 'BitcoinABC', the Clone of Bitcoin Unlimited
http://www.altcointoday.com/viabtc-will-support-bitcoinabc/
ViaBTC Will Support ‘BitcoinABC’, the Clone of Bitcoin Unlimited One of Bitcoin’s biggest mining pools, ViaBTC, has stated they will list for trading BitcoinABC, named Bitcoin Cash (BCC), while allowing their users to mine the fork on a new mining pool. “From 22nd July 2017 (UTC Time), ViaBTC exchange users can trade your “BTC”…
IOTA Expands Distributed Ledger Research to Preeminent Universities
http://www.altcointoday.com/iota-expands-distributed-ledger-research-to-preeminent-universities/
IOTA Expands Distributed Ledger Research to Preeminent Universities In an effort to continue research and development of blockchain and distributed ledger technology, distributed ledger organization IOTA has entered into a historic partnership with student organizations at both Berkeley and University College London. By collaborating with Blockchain at Berkeley and the newly formed IOTA @ UCL,…
Videos
Ep. 532- $500,000 Bitcoin Within 3 Years...Wanna Bet? / CoinDash Site HACKED - ICO in Peril
The Gordo Show ep 12: "New Ideas" Recap - Market/Dead Cat Bounce? - Coindash Hacked - OKEx
What is The Future of Cryptocurrency?
Bitcoin Spam Attack / AlphaBay Permanently Closed / Poloniex Withdraw Problem (The Cryptoverse #304)
Research
Ignis ICO Date Set on August 5th
Coindash website HACKED! $5.5 mil gone!
London Stock Exchange news about IOTA and SatoshiPay co-operation
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/BLU/13296507.html
click here!This post received a 3.6% upvote from @randowhale thanks to @chasewest! For more information,
more money coming back into the market
Everyone loves seeing all that green
Yeaaah what do you think of future of reddcoin ??
I personally don't know too much about it since I'm already spread thin with all the other projects I have a hand in, but if they're able to deliver what's being promised it has huge potential. Being able to send money across Facebook, YouTube, etc would definitely be huge and would make it simple for outsiders to get a step into the crypto space.
Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Chase from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the
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