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Cryptocurrencies are up again today as Bitcoin’s hashrate jumps 35% over two days to 62qn hashes per second

Aug 29, 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 Volume
Bitcoin BTC USD$7095.67 0.23% 1.03% 6.9% USD$122,314,360,351 USD$4,378,563,187
Ethereum ETH USD$296.04 0.57% 2.68% 4.25% USD$30,085,139,540 USD$1,504,324,592
EOS EOS USD$6.37 3.07% 17.3% 27.35% USD$5,770,502,042 USD$809,346,243
Bitcoin Cash BCH USD$564.32 0.63% 2.4% 3.57% USD$9,773,655,207 USD$398,421,780
XRP XRP USD$0.35 1.03% 0.56% 3.57% USD$13,865,667,694 USD$308,782,826

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 Volume
EOS EOS USD$6.37 3.07% 17.3% 27.35% USD$5,770,502,042 USD$809,346,243
Qtum QTUM USD$5.04 5.69% 8.21% 17.32% USD$447,427,641 USD$122,448,486
IOTA MIOTA USD$0.79 0.47% 8.02% 48.02% USD$2,184,873,123 USD$126,880,704
Dash DASH USD$198.54 0.95% 6.96% 36.29% USD$1,644,739,315 USD$248,182,665
Litecoin LTC USD$62.82 0.86% 2.89% 9.8% USD$3,646,927,029 USD$242,192,549

Crypto News

  • Adab Solutions, United Arab Emirates (UAE) cryptocurrency startup has announced the launch of its cryptocurrecny exchange, First Islamic Crypto Exchange.  The firm has an in-house Sharia Advisory Board (SAB)  of independent international Sharia experts that will help ensure the exchange achieves full compliance with the tenets of Islamic law at all times.
  • Bitcoin’s hashrate, a measure of the computing power of the Bitcoin network, reached 62 quintillion hashes per second.  The increase in Bitcoin’s hashrate translates to a 40% gain for the month of August -- a 35% gain over the last two days alone.
  • A dispute among Bitcoin Cash stakeholders may lead to bitcoin cash to split into competing blockchain networks ahead of its scheduled hard fork in November.  Bitcoin ABC, the biggest Bitcoin Cash client, is clashing with nChain which announced a hard fork off the Bitcoin Cash network (called Bitcoin SV).  Bitcoin SV’s decision is opposition to Bitcoin ABC’s released of software changes to the existing Bitcoin Cash protocol.  Chain’s Bitcoin SV will increase block size from 32MB to 128MB and reinstate four “Satoshi opcodes” to bring Bitcoin Cash back closer to the original Bitcoin protocol.
  • South Korean cryptocurrency exchange Bithumb will renew its contract with Nonghyup Bank according Korean news outlet Yonhap.  The decision by Bithumb is being viewed a precursor to the exchange beginning to accept new account registrations.
  • The website CheapAir.com, one of the first eCommerce sites to accept payments in Bitcoin, announced it has been the target of an extortion scheme.  The scammers are demanding USD$10,000 in BTC or they will implement a targeted smear campaign on social media.
  • The Guangzhou Development District, a special economic zone in southern China with a close proximity to Hong Kong, has reportedly banned all promotional events related to cryptocurrency as the country’s crypto crackdown continues.
  • A survey by Coinbase finds 18% of US college students own cryptocurrencies.  The survey was conducted nationwide and included 675 students.  Furthermore, the survey found that 42% of the top 50 universities have at least once class on either cryptocurrencies and/or blockchain technology.  Interest in cryptocurrencies isn’t limited to computer science students: 34% of computer science and engineering majors surveyed indicated interest while 47% of social science majors expressed interest digital currencies.
  • Colorado Securities Commissioner Gerald Rome has ordered Bionic Coin, Sybrelabs Ltd., and Global Pay Net to to show cause after being accused of promoting unregistered ICOs.
  • According to online news outlet Next Web, several cryptocurrency mining apps that were banned by Google have remained in the Google Play Store:  NeoNeonMiner, Crypto Miner PRO, Pickaxe Miner, and Pocket Miner.
  • The mass adoption of Dash by Venezuelan citizens has led to a 20% increase in its price over the past 24 hours.  Dash CEO Ryan Taylor believes the number of monthly users in Venzuela has increased to 10,000 persons after the digital currency partnered with popular Latin American cryptocurrency smartphone Kripto Mobile.
  • The Hong Kong government is looking to expedite immigration approvals for blockchain job seekers to the island.   
  • Indiegogo has canceled its first ICO and refunded investors.  The company cited regulatory concerns as the reason for the cancelation.
  • The Jerusalem Post published an investigation about the possibility of Israel adopting a state-back digital currency (similar to Venezuela).  Israel’s Finance Ministry and Central Bank are reportedly looking into the possibility of a digital shekel.
  • Singapore-based cryptocurrency exchange KuCoin is now permitting users to trade Tron on its platform.  Customers can trade Tron in Bitcoin and Ethereum Class pairs.
  • Lloyd’s of London, the UK insurance giant, has begun offering insurance against the theft of cryptocurrencies.  Lloyd’s is offering coverage to Kingdom Trust, a qualified custodian of some 30 cryptocurrencies and tokens.
  • Morgan Creek Digital, an affiliate of Morgan Creek Capital, launched a new Digital Asset Index fund in partnership with Bitwise Asset Management.  The fund targets accredited investors, endowments, pensions and other institution investors with a strategy focus that excludes pre-mined cryptocurrencies like Ripple and Stellar.
  • NiceHash, the Slovenian bitcoin mining trading platform, has paid back users 60% of the 4,700 BTC stolen in a December hack.  At the time of the cyber-attack, the 4,700 BTC translated to USD$65mm.
  • Sharia compliant Huulk, a cryptocurrency exchange, is applying for a digital exchange license in Malta.  Huulk hopes to partner with European cryptocurrency exchanges according to its CEO with the hopes of modernizing Islamic finance.
  • An investigation by CoinDesk finds that Tron founder Justin Sun initiated a small stake in Chia Network, a yet to be released cyrptocurrency protocol, started by BitTorrent co-Founder Bram Cohen before Tron announces its acquisition of BitTorrent.   
  • Venezuelan President Nicolas Maduro has ordered local banks to adopt the Venzuela-backed Petro digital currency.

*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio

Sources:

https://www.ccn.com/uae-startup-launches-first-ever-sharia-compliant-islamic-crypto-exchange/
https://bitcoinist.com/bitcoin-hashrate-record-150-gains/
https://cointelegraph.com/news/bitcoin-cash-drama-battle-lines-drawn-ahead-of-scheduled-hard-fork
https://www.coindesk.com/bithumb-to-restart-user-registrations-as-bank-agrees-contract-renewal/
https://bitcoinist.com/cheapair-sends-warning-to-customers-about-bitcoin-extortion-scam/
https://www.ccn.com/china-crackdown-after-beijing-guangzhou-hub-bans-cryptocurrency-events/
https://www.coindesk.com/crypto-blockchain-class-universities-coinbase/
https://cointelegraph.com/news/coinbase-research-42-of-top-50-universities-offer-at-least-one-crypto-related-class
https://www.ccn.com/18-of-students-twice-the-u-s-average-own-cryptocurrency-coinbase-survey/
https://cointelegraph.com/news/three-crypto-firms-ordered-to-show-cause-by-colorado-state-securities-commissioner
https://www.coindesk.com/hong-kong-to-expedite-immigration-for-blockchain-job-seekers/
https://news.bitcoin.com/venezuela-loves-dash-altcoin-surges-30-on-adoption-push/
https://www.ccn.com/dash-price-rises-20-on-venezuelan-adoption-push/
https://www.ccn.com/indiegogo-cancels-first-ico-refunds-investors/
https://btcmanager.com/cryptocurrency-in-israel-analysing-the-likelihood-of-mass-adoption/
https://bitcoinist.com/tron-network-trx-is-getting-listed-at-kucoin-blockchain-asset-market/
https://www.coindesk.com/lloyds-of-london-makes-quiet-entrance-into-crypto-insurance-market/
https://cointelegraph.com/news/investment-firm-morgan-creek-launches-digital-asset-index-fund-excluding-pre-mined-cryptos
https://www.ccn.com/hacked-mining-firm-nicehash-has-paid-back-60-percent-of-stolen-bitcoin/
https://www.ccn.com/sharia-compliant-cryptocurrency-exchange-sets-its-sights-on-malta/
https://www.coindesk.com/tron-now-owns-a-stake-in-bittorrent-founders-new-crypto-project/
https://www.coindesk.com/venezuelas-maduro-orders-banks-to-adopt-petro-cryptocurrency/
https://www.coinspeaker.com/2018/08/29/venezuelas-president-gives-further-push-to-petro-ordering-banks-adopt-the-new-crypto/