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Cryptos Largely Negative, as Google Bans Mining Apps

Jul 27, 2018

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Movers By 24 Hour Price Change %

Name Ticker Price 1H% CHG 24H%CHG 7D%CHG Market Cap 24H Volume
Dash DASH USD$248.664 0.24% 0.82% -3.63% USD$2043618427        114,127,000
VeChain VEN USD$2.51715 0.77% 0.82% 49.59% USD$1395874189            6,676,300
Monero XMR USD$142.002 0.60% 0.26% 7.41% USD$2309533764          30,146,000
Ethereum Classic ETC USD$17.0771 -0.03% 0.25% 5.46% USD$1764820809        196,204,000
Bitcoin BTC USD$8221.49 -0.24% 0.09% 11.31% USD$141201928498    5,855,520,000

Movers By 7 Day Price Change %

Name Ticker Price  1H% CHG   24H%CHG  7D%CHG Market Cap 24H Volume
VeChain VEN  USD$2.52  0.77% 0.82% 49.59% USD$1395874189 6,676,300
Stellar XLM  USD$0.32  0.02% -1.70% 16.30% USD$6003138291 142,729,000
Bitcoin BTC  USD$8221.49  -0.24% 0.09% 11.31% USD$141201928498 5,855,520,000
Monero XMR  USD$142.00  0.60% 0.26% 7.41% USD$2309533764 30,146,000
Bitcoin Cash BCH  USD$824.21  0.06% -0.80% 5.82% USD$14226301191 640,752,000

Movers By 24 Hour Volume

Name Ticker Price  1H% CHG   24H%CHG  7D%CHG Market Cap 24H Volume
Bitcoin BTC USD$8221.49 -0.24% 0.09% 11.31% USD$141201928498    5,855,520,000
Ethereum ETH USD$468.378 -0.28% -1.62% 3.41% USD$47286097361    1,805,070,000
EOS EOS USD$8.38686 -0.21% -2.22% 4.96% USD$7515880330        767,225,000
Bitcoin Cash BCH USD$824.215 0.06% -0.80% 5.82% USD$14226301191        640,752,000
Litecoin LTC USD$84.5434 -0.41% -2.34% 1.60% USD$4869271378        374,689,000
  • Michigan Congressman Bill Huizenga has recently voiced his concerns around the regulatory status of initial coin offerings (ICOs). Huizenga is a member of the U.S. House Financial Services Committee and wants fellow lawmakers to focus more attention on this subject, as he describes the cryptocurrency market as “muddied and fairly opaque.”1 He further explains that lawmakers currently do not even know how to classify cryptocurrencies, let alone how to deal with them.
  • Ethereum (ETH) is expecting yet another system-wide upgrade called Constantinople. Constantinople plans to lower the Ethereum network’s fees, and make it more efficient. The upgrade is currently undergoing an implementation phase until August 13th, and then will be tested until sometime before the Devcon4 Ethereum conference in October.
  • Russian messaging platform Telegram has launched a cryptocurrency-related feature to its service this week.  Telegram is most well known for being the go-to communication channel of token sales. Its new product, called Telegram Passport, provides verification services for ICOs, taking care of any know-your-customer (KYC) risks.
  • Google has taken all cryptocurrency-mining apps off of its Google Play Store along with banning all low-quality/effort applications.  Internet giants Facebook and Google have been on the initiative this year, both removing ads for ICOs and related material, but Google’s ban left out its Play Store. The reason for this Play Store ban is unknown, as Google does not have any policies against crypto-mining apps.

Sources

https://www.newsbtc.com/2018/07/27/muddied-and-fairly-opaque-crypto-industry-needs-oversight-says-us-lawmaker/

https://www.coindesk.com/ethereum-is-testing-code-for-its-next-hard-fork/

https://news.bitcoin.com/telegram-launches-passport-service-for-ico-verification/

https://www.coinspeaker.com/2018/07/27/google-shows-the-door-for-crypto-miners-out-of-its-play-store/