Markets appear to be off to an uneventful start at the beginning of Tuesday trading. Bitcoin has been trading in a narrow $200 band, posting a 24h change comparable with USDT. Except for BSV (-4.37%) and XMR (-3.85%), most of the top-10 coins are in a similar position.
The Litecoin hashrate has dropped precipitously, suggesting that fewer miners are securing the network, and potentially exposing it to malicious agents.
Data from BitInfoCharts indicate that the Litecoin hashrate has dropped by nearly 40% from mid-July. After reaching an all-time high of 523 TH/s on July 14th, the network hashrate fell to 318 TH/s a little more than a month later.
NEO is poised for a technical breakout in the near-term, as the popular cryptocurrency consolidates inside its tightest three-week trading range since March this year.
A new framework from blockchain security firm CipherTrace will enable cryptocurrency wallets, exchanges and other projects to comply with the Travel Rule from FATF – the Financial Action Task Force – without having to share private or personal information with one another.
Debts products and dividends-paying stocks hardly have the same sex appeal as surging equities, but Nexo could soon change that in the crypto landscape.
Today’s negative interest rates, pressure on traditional equities, crypto volatility, and a prolonged bear market are playing into the hands of what is becoming one of crypto’s best bets: high interest loans and dividend-paying tokens.
The ICO boom of 2017 won’t be forgotten any time soon. In addition to a wave of valuable (and not-so-valuable) Ethereum-based projects, it also brought failed ICOs and outright scams. At least, that’s the position of Orbs, a new platform for enterprises that want to create blockchain apps.
Cosmos (ATOM) features heavily in crypto media, but it’s rarely the subject. Google ‘Cosmos crypto’ and you’ll find that the ‘internet of blockchains’ is most often mentioned as an investor or supporter in other blockchain projects.
Bitcoin has reached an interesting inflection point. Whereas at one point its primary use was for black market sites like Silk Road, bitcoin has now found an almost universal appeal. It has become attractive to people dealing with economic catastrophes, as well as to institutional investors like JP Morgan, Fidelity, and the Yale Endowment fund.
Keybase users are in for a special treat, courtesy of the Stellar Development Foundation (SDF). The end-to-end encrypted chat platform is hosting a massive airdrop of Stellar Lumens (XLM) tokens for all users of the app.
Active Keybase users will receive an airdrop of 100 million Lumens today, valued at $6 million USD. This works out to about $19.75 worth of the Stellar cryptocurrency per user, with “no strings attached.”
Bitcoin has failed to make meaningful gains during the weekend. A strong downwards push on Friday dropped BTC dangerously close to $10,000, though the support held.
Prices stabilized during the weekend, but significant altcoin action during this period has rolled back some of Bitcoin’s dominance gains, which have now fallen below 70%.
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