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Cryptocurrencies are bouncing back from yesterday’s late day slide as Bitcoin Cash futures are set to start trading on Crypto Facilities platform at 11am EST

Aug 17, 2018

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$6466.1 -0.68% 0.42% 0.04% USD$111,312,058,737 USD$4,862,745,631
Ethereum ETH USD$298.92 -1.16% 1.28% -17.37% USD$30,304,094,615 USD$1,688,121,389
EOS EOS USD$4.81 -1.91% 1.02% -14.6% USD$4,357,230,592 USD$785,187,882
Ethereum Classic ETC USD$13.65 -1.18% -2.22% -8.83% USD$1,418,044,259 USD$472,454,044
Bitcoin Cash BCH USD$537.21 -2.04% 0.93% -10.45% USD$9,292,384,086 USD$382,788,050

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
XRP XRP USD$0.31 -1.82% 6.8% -7.59% USD$12,301,967,049 USD$319,468,823
TRON TRX USD$0.02 -1.69% 6.65% -16.08% USD$1,385,253,364 USD$118,043,355
NEO NEO USD$17.65 -1.5% 4.44% -18.06% USD$1,147,299,949 USD$87,038,452
OmiseGO OMG USD$3.9 -1.69% 4.3% -17.04% USD$546,411,868 USD$52,730,510
NEM XEM USD$0.11 -1.42% 3.12% -11.85% USD$966,620,949 USD$17,200,699

 

Crypto News

  • Binance is launching a JV with Liechtenstein Cryptoassets Exchange (LCX) to launch a fiat to cryptocurrency exchange, Binnace LCX.  The exchange/platforming will be based in Liechtenstein and offer trading between Swiss Francs (CHF) and euros (EUR) against major digital currencies pairs with the potential for new trading pairs in the future. 
  • Boston Consulting Group (BCG), in a paper published yesterday, argues that while there are good reasons to use blockchain technology when trading commodities, it will be hard to get widescale adoption given the amount of capex that already been poured into the IT systems of existing trading platforms/desks.   
  • Crypto Facilities, the UK-based crypto futures exchange and a CME partner, is adding Bitcoin Cash to its platform.  The cryptocurrency will begin trading today at 4PM BST. 
  • The Ethereum community continues to struggle with DApps topping the number of downloads on the blockchain network that are promising investments with high returns that turn out to be fraudulent.  As an example, Team JUST, the anonymous development team behind the gambling DApp FOMO 3D is warning that an indentical version of its game is eating up 1/3 of the Ethereum network’s total computational power and raising USD$7mm over the past week.   
  • Genesis Mining, an Iceland-basd hashpower hosting service, is forcing customers to upgrade their Bitcoin mining contracts following this year’s drop in cryptocurrency valuations.  The company is discounting the upgrade price of its Radiant service per 1 TH/s to USD$180 from USD$285.  In 60 days, Genesis announced it will terminate open-ended contracts that mine less than the daily maintenance fee. 
  • JD.com is launching a blockchain-as-service platform along with an app (it’s first) that will digitally track Fapiao, Chinese corporate invoices that are used both as references for bookkeeping and taxation purposes.  JD will be tracking the invoices for one of the largest publicly traded insurance companies in China. 
  • Pantera Capital partner Paul Veradittakit tells TechCrunch that its third venture capital fund could grow to as much as USD$175mm.  Currently, the fund stands at ~USD70mm. 
  • Ripple Labs has endorsed three cryptocurrency exchanges, Bittrex, Bitso, and Coins.ph as its preferred partners for transactions with Ripple’s xRapid payments system.  Management at Ripple Labs is encouraging users in the US, Mexico and the Philippines to use these exchanges while transacting with xRapid.  XRapid is a solution for Ripple’s blockchain-based real-time gross settlement system and is meant to facilitate international fiat transfers between financial institutions. 
  • Tokens are up 50% against the USD$ over the past 24 hours with VeChain, Ontology and PundiX leading the rally. 

Source: Stockdio

Sources:

https://cointelegraph.com/news/binance-lcx-launches-fiat-to-crypto-exchange-in-liechtenstein 
https://cointelegraph.com/news/bcg-report-offers-reality-check-for-blockchain-in-commodities-trading 
https://www.coindesk.com/uk-crypto-futures-platform-adds-bitcoin-cash-contract/ 
https://www.coindesk.com/unstoppable-scams-ethereums-gambling-problem-is-only-getting-worse/ 
https://www.ccn.com/genesis-mining-offers-customers-a-discount-to-offset-falling-bitcoin-rewards/ 
https://cointelegraph.com/news/genesis-mining-compels-certain-customers-to-upgrade-btc-mining-contracts 
https://www.coindesk.com/jd-com-rolls-out-blockchain-platform-with-its-first-app/ 
https://bitcoinist.com/pantera-capital-venture-fund-crypto/ 
https://www.coindesk.com/ripple-endorses-preferred-crypto-exchanges-for-xrp-payments/ 
https://www.ccn.com/ripple-picks-three-crypto-exchanges-for-international-xrp-payments/ 
https://cointelegraph.com/news/ripple-partners-with-three-crypto-exchanges-as-part-of-xrapid-solution 
https://www.newsbtc.com/2018/08/17/xrp-recovers-as-ripple-expands-crypto-exchange-partners/ 
https://www.ccn.com/tokens-record-50-gains-as-crypto-market-recovers-bitcoin-price-stabilizes/