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Cryptocurrencies Down Today Despite Chamber of Digital Commerce's Cryptocurrency Growth Guidelines

Jul 30, 2018

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Movers By 24 Hour Price Change %

Name Symbol Price 1H% CHG 24H% CHG 7D% CHG Market Cap 24H Volume
ETC Ethereum Classic USD$16.93 -0.91% 0.40% 4.48% USD$1751088117 220095143
BTC Bitcoin USD$8114.57 -0.54% -1.02% 5.15% USD$139409649539 4432920990
XRP XRP USD$0.44 -0.96% -1.65% -1.01% USD$17486705036 225966114
LTC Litecoin USD$82.49 -0.78% -1.77% -1.92% USD$4754385553 286038592
DASH Dash USD$235.04 -0.80% -1.97% -3.76% USD$1932884980 245454400

Movers By 7 Day Price Change %

Name Symbol Price 1H% CHG 24H% CHG 7D% CHG Market Cap 24H Volume
VEN VeChain USD$2.44 -1.38% -6.76% 32.79% USD$1353544574 1893555
BTC Bitcoin USD$8114.57 -0.54% -1.02% 5.15% USD$139409649539 4432920990
ETC Ethereum Classic USD$16.93 -0.91% 0.40% 4.48% USD$1751088117 220095143
TRX TRON USD$0.03 -1.41% -8.71% 3.45% USD$2356323343 288844477
XLM Stellar USD$0.29 -1.64% -5.74% 2.18% USD$5484311981 75775753

Movers By 24 Hour Volume

Name Symbol Price 1H% CHG 24H% CHG 7D% CHG Market Cap 24H Volume
BTC Bitcoin  USD$8114.58  -0.54% -1.02% 5.15% USD$139409649539 4432920990
ETH Ethereum  USD$454.74  -1.17% -2.29% -0.85% USD$45935616671 1817644196
EOS EOS  USD$7.84  -2.99% -5.07% -2.16% USD$7026708165 749348274
BCH Bitcoin Cash  USD$806.10  -1.03% -2.33% 0.46% USD$13917892572 604404775
TRX TRON  USD$0.035  -1.41% -8.71% 3.45% USD$2356323343 288844477
  • IBM and FX firm CLS have launched a financial blockchain app-store to aid banks accessing distributed ledger technology applications. The permissioned blockchain platform is called LedgerConnect, and was also co-founded by Barclays and Citigroup.  LedgerConnect allows banks to become the customers of fintech and software providers hoping to provide services in collateral management, sanctions screening, know-your-customer processes, and others.
  • The Chamber of Digital Commerce, an American advocacy group promoting the blockchain industry, is producing new guidelines to aid the in the responsible growth of the initial coin offering (ICO) markets and cryptocurrency markets all together. These guidelines were released in a whitepaper detailing current and future regulations for investor reference, a set of principles for trading platforms and token sponsors to follow, and a general discussion about the growth of the cryptocurrency industry so far.
  • Decentralized security token exchange, DSTOQ, has launched a platform called its minimum viable product (MVP). MVP allows people to invest in real assets such as stocks, bonds, and commodities using cryptocurrencies.  This platform runs using Stellar’s blockchain testnet, and all transactions will happen completely on-chain.
  • The South Korean government has proposed revisions to its tax law, affecting cryptocurrency exchanges.  The proposition states that cryptocurrency exchanges will be exempt from the tax benefits given to startups and small-mid-sized businesses.  It is important to note that new propositions might be made to change this before implementation, but the South Korean government doesn’t believe that crypto transaction companies do not generate added value like other companies do.

Data in Price Return; Source: Stockdio

Sources

https://www.coindesk.com/ibm-barclays-and-citi-team-up-to-launch-blockchain-app-store-for-banks/

https://bitcoinmagazine.com/articles/chamber-digital-commerce-sets-out-ico-and-token-guidelines/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+BitcoinMagazine+%28Bitcoin+Magazine%29#1532965106

https://coinjournal.net/dstoq-launches-mvp-of-decentralized-stock-exchange-for-security-tokens/

https://www.coinspeaker.com/2018/07/30/south-koreas-revised-tax-structure-gives-no-major-benefits-to-crypto-exchanges/