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On Bitcoin [BTC]’s 10th Birthday, Crypto Markets See Corrections Across the Board

On bitcoin [btc]’s 10th birthday, crypto markets see corrections across the board

On Bitcoin [BTC]’s 10th Birthday, Crypto Markets See Corrections Across the Board

Thursday, Jan. 3 — after some positive inklings of growth earlier this week, crypto markets have today dipped back into the red, with most of the top twenty cryptocurrencies by market cap seeing losses capped below 6 percent, as data from CoinMarketCap shows.

TRON (TRX) is one of the only outliers among the top coins and the strongest top twenty performer on the day, up just 1 percent. The market is evidently responding positively to news that stalwart peer-to-peer torrent client BitTorrent has launched a TRON-based native token for its users — the company’s first major move to tokenize its content sharing ecosystem, roughly six months after it was acquired by TRON in July 2018.

As of press time, TRX is ranked 10th largest cryptocurrency by market cap, and is trading at around $0.02, according to CoinMarketCap data.

Ten years after its “genesis block” was mined, bitcoin [BTC] (BTC) has seen a mild loss of just below 2 percent over the 24 hours to press time, and is currently trading at $3,830. The past week has been a volatile one, with bitcoin [BTC] making several attempts to break back above the $4,000 price point, but sustaining losses multiple times — having seen a low of close to $3,600 near the start of its 7-day chart.

Nonetheless, jagged trading patterns have brought bitcoin [BTC] up on the week — the top coin has seen 3.5 percent growth since Dec. 27. On the month, bitcoin [BTC] has seen even less change, down about 1.5 percent.

Bitcoin 7-day price chart. Source: cointelegraph’s bitcoin [btc] price index

bitcoin 7-day price chart. Source: Cointelegraph’s Bitcoin Price Index

Ethereum (ETH) — which this week reclaimed its former ranking as largest altcoin by market cap — is down close to 3 percent on the day and is trading at $148 to press time. With a market cap of $15.4 billion, the asset is widening its margin ahead of second-largest altcoin by market cap Ripple (XRP), which has a market cap of $14.6 billion to press time, according to CoinMarketCap data.

Despite today’s losses, Ethereum remains a bullish 23 percent in the green on its weekly chart — and has seen even higher over 37 percent growth on the month.
Ethereum 7-day price chart. Source: cointelegraph’s ethereum price index

Ethereum 7-day price chart. Source: Cointelegraph’s Ethereum Price Index

Ripple (XRP)’s losses have been slightly heavier, with the asset down just over 4 percent on the day to trade around $0.358. XRP has seen little change on the week, up just 1.4 percent. On the month, the coin is up 2.4 percent.

Ripple 7-day price chart. Source: cointelegraph’s ripple price index

Ripple 7-day price chart. Source: Cointelegraph’s Ripple Price Index

Among the remaining top ten coins on CoinMarketCap, EOS (EOS) is the heaviest 24-hour loser — down 6.26 percent on the day at $2.67. Recently forked bitcoin [BTC] SV (BSV) is also down a heavier 4.7 percent to press time — at $88.44. Litecoin (LTC) and bitcoin [BTC] Cash (BCH) are both seeing about 3 percent daily losses as of press time.

In the context of the top twenty coins, weaker performers are seeing 5-6 percent losses — such as privacy-focused alts Zcash (ZEC) and Monero (XMR), as well as Ethereum Classic (ETC).

Total market capitalization of all cryptocurrencies is at around $130.1 billion as of press time — shrinking by around $2.5 billion as compared with earlier trading hours today.

7-day chart of total market capitalization of all cryptocurrencies. Source: coinmarketcap

7-day chart of total market capitalization of all cryptocurrencies. Source: CoinMarketCap

Today Cointelegraph reported that Estonian digital trading platform DX Exchange will begin offering tokenized stocks from major companies via the Ethereum blockchain next week.

Earlier this week, digital assets platform Bakkt — created by the operator of the New York Stock Exchange (NYSE) — announced the completion of its first funding round, raising $182.5 million from 12 partners and investors.

Published at Thu, 03 Jan 2019 19:51:00 +0000

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Re: 报道称八家矿池支持软分叉 莱特币扩容之争或走向结束

Re: 报道称八家矿池支持软分叉 莱特币扩容之争或走向结束 莱特币的扩容之争可能要结束了。 一群矿工和交易所对新提议进行投票表决。在度过了关于“莱特币网络是否应该通过技术升级”的辩论愈演愈烈的几周之后,对于这款市值第四大的数字加密货币,人们已经达成了共识。 同时还有来自数字加密货币的创造者兼Coinbase的员工李启威,发出声明支持“莱特币实施隔离见证软分叉”,将这个最初是为比特币做出的扩容升级方案施予了莱特币,而且很有可能会比比特币区块链更早激活。 据会议主办方和莱特币社区成员“PZ”所说,该会议在微信上举行,时长超过8个小时,从昨日的北京标准时间中午12点到昨日晚上8点。 比特币开发团队创造的隔离见证升级,一直以其旨在提高交易能力,却无需改变硬代价区块大小规则的创意性方式而为人称赞。就像比特币一样,莱特币的区块也有一个每块总容量为1MB的上限,所以它也会面临着类似的可扩展性限制的长期问题。 总体来说,该声明赞同这种合作的方式,并且坚决反对使用所谓的用户激活软分叉,或者说UASF,作为可行的扩容替代方案。 声明中这样写道: “我们认为,协议升级应该根据社区的共识来进行,而不是开发者或者矿工们的单方面行动。我们主张,莱特币协议升级的决定应该基于用户的需求,通过圆桌会议的投票过程,由矿工投票激活。”  支持该方案的矿工们包括:比特币大陆(蚁池)、BW.com、BATPool、鱼池和LTC1BTC——一个代表了68%算力的组合,如果把LTC.top(据会议组织者说,它和LTC1BTC组合是一个老板控制)算进去的话,这个数字会上升到大约84%。 然而,值得注意的是比特大陆——在未来也将支持潜在的区块大小增加,超过一定阈值之后容量使用率上升。 比特大陆的创始人吴忌寒接受CoinDesk的采访向我们证实了他确实亲自出席了会议,尽管他长期反对在比特币网络上进行同类升级。他说,正是隔离见证加上支持区块链扩容解决方案的承诺,才最终让比特大陆支持该方案。 “李启威承诺说当区块达到半满时,会提供增加区块大小的解决方案”,他说。 放眼未来,还尚不清楚莱特币距离容量升级还有多久。矿工们现在就需要通过下载支持隔离见证的最新软件,向这次升级递出支持的信号。 根据一月份的软件一起发布的原来的提议,升级需要超过75%的支持信号,而要达到这个数字需要花两周的时间。 “当莱特币区块的容量超过59%,我们就将准备一个解决方案,通过一个硬分叉或者软分叉来增加1MB区块的大小。”该声明上写道。  据主办方介绍,他们正在努力使各方及集团内的利益相关者加入进来,包括交易所服务Bitstamp、BTC-e、Bitfinex以及Poloniex。  (Why?) Published at Tue, 25 Apr 2017 07:07:13 +0000 [wpr5_ebay kw=”bitcoin” num=”1″ ebcat=”” cid=”5338043562″ lang=”en-US” country=”0″ sort=”bestmatch”]{flickr|100|campaign}

China’s Central Bank Will Soon Regulate ICO’s

The People’s Bank of China is turning its attention Initial Coin Offerings (ICO), seeking to regulate the new form of crowdfunding.


China to Regulate ICOs

Although cryptocurrency withdrawals are back on the big three Chinese exchanges, the People’s Bank of China (PBoC) isn’t quite through with the cryptoworld. Now it seems like it’s going after Initial Coin Offerings (ICOs), seeking to regulate the new phenomena in the crowdfunding world.

Chinese publication Weixin reports that Yao Qian, head of Digital Currency Research Institute at PBoC, has stated that the PBoC will soon regulate ICOs.

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Initial Coin Offerings or ICOs are a way to fund projects or companies crowdfunding methods. This typically includes selling project tokens for fiat currency, bitcoin, Ethereum, and other popular cryptocurrencies. These tokens are usually required in order to use the platform or they can also represent equity through a dividend or buy-back program.

Current ICO Landscape

The news comes at a time where ICOs are extremely popular, gathering millions of dollars every week and amassing higher and higher market caps.

Most recently, the Basic Attention Token (BAT) ICO, gathered $30million in a matter of seconds, while the Aragon project gathered $20million in roughly 15 minutes. The MobileGo ICO gathered over $53 million in the course of its month-long ICO.

Poloniex

While most ICOs currently take place through the use of the Ethereum network, other projects are also getting in on the action, as is the case of the Waves Platform, Wings DAO, and Ethereum Classic.

Although some of these crowdfunding campaigns have had exorbitant returns for investors, many members of the community are also raising questions about the validity of some of these projects and if they are really worth tens of millions of dollars before having even built their project/platform or an MVP (minimum viable product).

Regulatory Clarity Could Boost Industry

Although the moratorium on cryptocurrency withdrawals has come to an end, the PBoC has stated that they are not yet done with bitcoin exchanges.  Now, bitcoin miners in the country are starting to shut down their operations in fear of future regulatory pressure like the one applied to exchanges.

Some bitcoin miners in the Szechuan province, a place with cheaper electricity prices due to abundant hydropower resources, have decided to shut down in fear of regulation. One miner told YiCai Global:

The price is so high at the moment. Shutting down costs mine owners hundreds of thousands of yuan every day.

In China, the pressure from the PBoC has resulted in a weakened bitcoin market, strict KYC policies and may now also affect mining and ICOs as well. However, regulation can also be helpful. In Japan, the new regulatory framework built around cryptocurrencies has allowed their popularity to grow in the country.

Can the new stance on Initial Coin Offerings by the PBoC change the ICO landscape? 


Images courtesy of CryptoCompare, Twitter, Shutterstock

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