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Major Cryptocurrencies On Pace To Close Mixed With Ethereum Classic Up 13% Following Inclusion in Coinbase Index Fund

Aug 16, 2018

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Top 5 Cryptocurrencies Sorted by 24 Hour Volume

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Name Ticker Price 1H% CHG 24H%CHG 7D%CHG MARKET CAP 24H VOLUME
Bitcoin BTC USD$6290.19 -2.07% -1.95% -3.84% USD$108,276,699,137 USD$4,311,121,948
Ethereum ETH USD$284.58 -2.48% -1.82% -22.21% USD$28,846,955,850 USD$1,588,308,005
EOS EOS USD$4.51 -4.34% -4.75% -22.84% USD$4,083,829,474 USD$621,814,520
Ethereum Classic ETC USD$13.95 -5.33% 13.14% -7.54% USD$1,448,596,922 USD$558,278,333
Bitcoin Cash BCH USD$523.2 -1.15% 0.32% -14.32% USD$9,049,441,161 USD$402,978,852

Source: CoinMarketCap

Top 5 Cryptocurrencies Sorted by 24 hour Price Percent Change

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Name Ticker Price 1H% CHG 24H%CHG 7D%CHG MARKET CAP 24H VOLUME
Ethereum Classic ETC USD$13.95 -5.33% 13.14% -7.54% USD$1,448,596,922 USD$558,278,333
Bitcoin Cash BCH USD$523.2 -1.15% 0.32% -14.32% USD$9,049,441,161 USD$402,978,852
XRP XRP USD$0.29 -2.43% -0.05% -16.2% USD$11,403,298,507 USD$245,801,556
Monero XMR USD$89.58 -2.65% -1.54% -10.8% USD$1,462,302,940 USD$21,187,168
Ethereum ETH USD$284.58 -2.48% -1.82% -22.21% USD$28,846,955,850 USD$1,588,308,005

Source: CoinMarketCap

  • The Australian Securities Exchange (ASX) is exploring using a distributed ledger technology (DLT) in place of its current clearing house electronic sub-register system. According to Dominic Steves, Managing Director and CEO of the ASX, shifting to a DLT system would save the exchange as much as USD$23bn. A DLT would permit customers to use nodes instead of sending messages and connect to the whole database instead of having to communicate with several different databases and should help eliminate errors. 
  • Bloomberg is reporting that a Bitcoin-based ETN that is listed on Nasdaq Stockholm will begin targeting US investors. The ETN, Bitcoin Tracker One, is listed and traded in Sweden but is now being quoted in USD$. Traders will buy the ETN in a similar way that they buy ADRs where transactions are in USD$ but settlement, clearing and custody will be done in SEK. 
  • Gnosis founder Martin Köppelmann believes Ethereum Watchers should measure the widescale adoption of ethereum by the network effect of decentralized applications (dApps), not the number of users on the blockchain. At this stage in its lifecycle, the success of Ethereum should be measure by the success of the number of dApps created, not the number of dApps in use. 
  • Huobi, the Singapore-based cryptocurrency exchange (and third largest cryptocurrency exchange in the world), has announced partnerships with Yatai International Holding Group, Vnesheconombank, Chi Fu Group, Asia International Finance Holdings, and Dbank Group to create cryptocurrency trading exchanges/platforms in the Philippines, Taiwan, Indonesia, and Canada. The five companies will use Huobi’s Cloud service which will provide the different platforms with the tools they need to open their exchanges on a proven framework. 
  • Joe Lubin, the co-founder of the Ethereum Foundation, during an interview with Bloomberg, claims Ripple is not a blockchain technology and is not a competitor for Ethereum. In Lubin’s mind, Ripple is a payment system, not a blockchain technology. In the case of EOS, Lubin cautions against its decision-making framework and doesn’t believe it is should be treated as layer-one technology yet. 
  • Joschka Kupich, founder of the online gambling blockchain platform BX.BET talks with NewsBTC about why their platform has a competitive advantage over other iGaming platforms. In the opinion of Kupich, the team at BX.BET has unparalleled experience in iGaming with a user interface which permits users to place their own bets while setting their own odds. There are no restrictions on what markets can be bet on by users, though new markets must be pre-approved by the community. 
  • UPS has filed for a patent that will use blockchain and distributed ledger technology to help route packages through an international supply chain that could include many different suppliers. Packages will be scanned into a processing facility and will then be automatically sent on a specific route based on the service offerings of network-connected shipping providers. As it travels to its final destination, information about the shipment will be recorded in a distributed ledger which allow UPS to rate whether service providers are performing up to predetermined standards. 

Source: Stockdio

Sources:

https://www.coindesk.com/asx-head-says-new-dlt-system-could-save-billions/ 
https://cointelegraph.com/news/soft-crypto-etf-alternative-now-geared-towards-us-investors-says-bloomberg 
https://www.newsbtc.com/2018/08/16/crypto-markets-rally-as-us-investors-get-exposure-to-bitcoin-etn/ 
https://www.ccn.com/gnosis-creator-ethereum-adoption-is-about-dapp-network-effect-not-users/ 
https://www.newsbtc.com/2018/08/16/crypto-exchange-huobi-partners-with-five-firms-to-launch-trading-platforms/ 
https://bitcoinist.com/ripple-eos-joseph-lubin-ethereum/ 
https://www.newsbtc.com/2018/08/16/interview-joschka-kupich-on-bx-bet-and-its-advantages/ 
https://www.ccn.com/110-year-old-ups-eyes-blockchain-to-streamline-delivery-logistics/