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The recent rally in cryptocurrencies stalls, Roger Ver tells crypto enthusiasts to build diversified cryptocurrency portfolios

Aug 30, 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$6905.25 -0.48% -2.65% 6.98% USD$119,045,779,687 USD$4,293,631,224
Ethereum ETH USD$279.12 -0.44% -5.49% 1.62% USD$28,371,352,415 USD$1,497,736,802
EOS EOS USD$5.85 -0.25% -7.08% 21.89% USD$5,303,483,930 USD$912,411,831
Bitcoin Cash BCH USD$532.04 -0.35% -5.58% 1.88% USD$9,215,376,636 USD$313,360,471
XRP XRP USD$0.33 -0.65% -6.0% 1.64% USD$13,009,714,653 USD$269,036,321

Top 5 Cryptocurrencies sorted by 24 hour Price Percent Change

On Mobile/Tablet scroll to the right

Name Ticker Price 1H %Chg 24H %Chg 7D %Chg Market Cap Volume
Bitcoin BTC USD$6905.25 -0.48% -2.65% 6.98% USD$119,045,779,687 USD$4,293,631,224
Ethereum Classic ETC USD$12.66 -0.76% -4.45% 3.01% USD$1,318,605,649 USD$173,631,792
Litecoin LTC USD$59.78 -0.17% -4.64% 7.01% USD$3,471,642,686 USD$209,506,120
Ethereum ETH USD$279.12 -0.44% -5.49% 1.62% USD$28,371,352,415 USD$1,497,736,802
Bitcoin Cash BCH USD$532.04 -0.35% -5.58% 1.88% USD$9,215,376,636 USD$313,360,471

Crypto News

  • The Commonwealth Scientific & Industrial Research Organization of Australia has announced a partnership with IBM and law firm, Herbert Smith Freehills, to build a large-scale blockchain network to support smart contracts for Aussie business.  The new platform will be called the Australian National Blockchain and is viewed as an opportunity to roll out an infrastructure platform that will support the blossoming Aussie digital economy.  The ANB will permit Aussie businesses to electronically manage the entire lifecycle of a smart contract from negotiation through to execution under complete transparency and security among parties on the platform. 
  • Bitcoin to Fiat trading records have been shattered by BTC/Bolivars offer the past week as 500 million bolivars were exchanged for BTC for the 7-day week ending August 25. 
  • Blockchain start-up, Carverr, is helping users store cryptocurrency passwords in a vial of DNA.   There are an estimated 4 million bitcoins now considered lost forever as result of lost passwords and addresses.  Converting Bitcoin passwords to strong DNA is easier than expected and simply requires a translation of the zeroes and ones of binary strings into the four letters which make up DNA. Theoretically, DNA strands can be printed out to almost any length as required -- 215 petabytes of information can be fit into just one gram of synthetic DNA.  In the event a vial of DNA is stolen, the thieves have to access the system used to convert between DNA and binary. In addition, Carverr also is offering users an encrypted version of their private key for added security. 
  • Ethereum co-founder Joe Lubin, during Yahoo Finance’s Final Round, stated that he questions accusations against Tether, the stable coin pegged to the USD$.  In Lubin’s opinion, market manipulation is less related to specific digital currencies and more a result of unregulated cryptocurrency exchanges. 
  • The Finnish businessman who was scammed out USD24mm in Bitcoin by a Thai national is reportedly in talks with the key suspects about reaching a deal.  If a deal is reached, criminal complaints against the two suspects may be dropped. 
  • The Reserve Bank of India (RBI) is considering the possibility of launching an RBI-backed digital currency.   Transformative shifts in global payments industry, driven by the rise of digital currencies, are cited as reasons the RBI is considering its own digital currency. 
  • Open Finance, a trading platform for security tokens, has formally launched a regulated alternative trading system.   
  • Roger Ver, founder of Bitcoin.com and Blockchain.com, during a segment on CNBC Fast Money, suggested investors should “diversify” their exposure to cryptocurrencies.   
  • Singapore Business Times has published a report detailing how Chinese and Singapore companies will benefit from the China-Singapore ICM Joint Innovation Development Fund.  Under the framework, Singaporean firms within the listed fields will receive assistance to enter and further develop smart districts of the Chinese city of Chongqing.  Development of blockchain technology will permit Singapore to expand its economic growth through a digital facilitation of trade. 
  • Spark, a new crypto wallet, is looking to facilitate the transfer of Bitcoin using a c-lightning overlay.  Users are permitted to use the Lightning Network to make transactions though the wallet is completely off-chain. At the moment, Spark is compatible with the Electron app for Linux, Windows, and MacOs operating systems. Spark can also be used with the Android mobile devices and it expected to be rolled out to the Apple Apps store soon. 
  • Square, the payments processing company, has announced that has received approval from the US Patent & Trademark Office (USPTO) regarding a patent that will permit merchants to use a new payments system to receive payments in digital currencies.  Square was an early adopter of Bitcoin and has permitted its users to make payments in the digital currency. 
  • Yahoo Finance has integrated Bitcoin, Ethereum and Litecoin trading its online platform.  Bitcoin Cash, Ethereum Classic and EOS continue to offer statistics with no buying options.   

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

Sources:

https://www.ccn.com/australia-will-develop-a-nationwide-blockchain-platform/ 
https://bitcoinist.com/venezuela-bitcoin-500000000-bolivar-week/ 
https://bitcoinist.com/forgetful-crypto-private-key-dna/ 
https://cointelegraph.com/news/ethereum-cofounder-joseph-lubin-doubts-tether-bitcoin-price-manipulation 
https://www.ccn.com/defrauded-finn-in-settlement-talks-over-24-million-thailand-bitcoin-scam/ 
https://www.ccn.com/india-is-exploring-a-central-bank-digital-currency-for-payments/ 
https://www.newsbtc.com/2018/08/30/blockstream-executive-diversification-may-have-thoroughly-rekt-your-crypto-portfolio/ 
https://www.ccn.com/firms-in-singapore-and-china-to-benefit-from-blockchain-innovation-fund/ 
https://bitcoinist.com/new-off-line-wallet-can-exchange-bitcoins-using-c-lightning/ 
https://bitcoinist.com/mobile-payment-company-square-secures-patent-for-crypto-payment-system/ 
https://cointelegraph.com/news/yahoo-finance-integrates-bitcoin-ethereum-and-litecoin-trading 
https://www.newsbtc.com/2018/08/30/crypto-friendly-yahoo-finance-launches-btc-eth-ltc-and-bch-trading-feature/