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Cryptocurrencies Down This Morning amid Coinbase Adding British Pound Trading

Aug 02, 2018

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Movers By 24 Hour Price Change %

Name Ticker Price 1H% CHG 24H%CHG 7D%CHG MARKET CAP 24H VOLUME
Monero XMR USD$124.37 0.02% -0.17% -12.52% USD$2,023,098,888.0 USD$29,777,160.71
Bitcoin BTC USD$7569.87 -0.32% -0.51% -8.05% USD$130,091,987,020.0 USD$4,345,361,336.89
Bitcoin Cash BCH USD$749.97 -0.33% -1.89% -10.78% USD$12,952,591,338.0 USD$414,607,576.93
Litecoin LTC USD$76.56 -0.56% -1.94% -12.19% USD$4,415,114,221.0 USD$268,399,586.96
Ethereum ETH USD$413.25 -0.77% -2.74% -13.69% USD$41,768,343,389.0 USD$1,681,361,876.54

Movers By 24 Hour Volume

Name Ticker Price 1H% CHG 24H%CHG 7D%CHG MARKET CAP 24H VOLUME
Bitcoin BTC USD$7569.87 -0.32% -0.51% -8.05% USD$130,091,987,020.0 USD$4,345,361,336.89
Ethereum ETH USD$413.25 -0.77% -2.74% -13.69% USD$41,768,343,389.0 USD$1,681,361,876.54
EOS EOS USD$6.98 -1.11% -4.63% -19.48% USD$6,322,091,696.0 USD$637,776,039.44
Bitcoin Cash BCH USD$749.97 -0.33% -1.89% -10.78% USD$12,952,591,338.0 USD$414,607,576.93
Litecoin LTC USD$76.56 -0.56% -1.94% -12.19% USD$4,415,114,221.0 USD$268,399,586.96
  • The most popular cryptocurrency markets tracking platform, CoinMarketCap (CMC), has added a professional-grade API, and support for derivatives markets to its services. The API provides developers with access to aggregated data packages, providing everything from price and market cap, to trading pair data and conversions. CMC is marketing this product to those who need to back-test trading strategies, and run simulations more accurately.
  • Coinbase, one of the world’s largest cryptocurrency trading services, has now allowed users in the UK to purchase cryptocurrencies with the British Pound. Before this announcement, users in the UK would have had to acquire Euros in order to purchase cryptos on Coinbase, which sometimes took multiple days.
  • Payment provider Square began allowing users the ability to buy, sell, and hold Bitcoin (BTC) in its Square Cash app wallet late in CY2017. In C1H2018, the payment provider earned $70 million in revenue from BTC transactions.
  • Logos Network, a decentralized payments platform, successfully raised USD$3mm in seed funding.  Logos is hoping to build a quick and scalable P2P payments network on a new blockchain. The payments network plans to be quick, scalable, and secure.
  • The government of Queensland, Australia is giving USD$8.3mm to a crypto start-up as part of the state’s innovation funding initiative.  The start-up’s goal is to increase the number of tourists to Central Queensland through selling travel offers based in different cryptocurrencies.
  • The EU Blockchain Observatory and Forum is warning that the General Data Protection Regulation law that went into effect a little over two months ago could hinder development in blockchain technology.  There is legal ambiguity between blockchain technology and the GDPR law, which seeks to protect individual data rights as well as facilitate the free movement of personal data in the single market.

Sources

https://news.bitcoin.com/coinmarketcap-launches-professional-api-and-adds-derivatives-markets/

https://www.coinspeaker.com/2018/08/02/coinbase-expands-its-offering-adding-british-pound-wallets/

https://cointelegraph.com/news/squares-bitcoin-integration-turns-37-mln-revenue-in-q2-2018

https://www.coindesk.com/decentralized-payment-network-logos-raises-3-million-in-seed-funding/