Despite its 70% Price Drop, Bitcoin Surpassed Gold in Settlement Volume

Despite the bearish look, Bitcoin still holds a place as a medium of exchange. Nic Carter, a well respected cryptocurrency researcher, has said that Bitcoin has surpassed the OTC gold market in settlement volumes, even amidst a 70 percent drop in its price. Bitcoin as a Better Medium of Exchange According to the clearing statistics of the London bullion market (LBMA), five major clearing members of the LPMCL including HSBC, ICBC Standard Bank, JP Morgan, Scotiabank and UBS, the global gold over-the-counter (OTC) market is on track to settle $446 billion in 2018, having settled less than $30 billion on … Continue reading Despite its 70% Price Drop, Bitcoin Surpassed Gold in Settlement Volume

Ethereum Tumbles 17%, Investors Blame It On An ICO Sell-Off | NewsBTC

Today, in Cryptocurrency news, Bitcoin dominance moves to 54.1%  while the entire market is crashing, Bitcoin suport is holding strong @ the 6k mark. https://www.tradingview.com/x/9rd8Qrgw/ “Ethereum Moves Under $300 For The First Time In 9 Months Over its relatively short history, Ethereum has grown to become the 2nd most valuable cryptocurrency, becoming the platform of choice for cryptocurrency projects, and dApp developers.  Despite the fact that Ethereum has cemented itself as a leader in this flowering market, this has not made it vulnerable to devastating price crashes, such as the one seen on Monday. As users turned on their computers … Continue reading Ethereum Tumbles 17%, Investors Blame It On An ICO Sell-Off | NewsBTC

Stellar, What Is It Good For? – Crypto Daily™

Stellar is one of the coins that deserves some attention, and if you don’t have it in your portfolio, you probably should. Capable of smart contracts, decentralized, fast and incredibly cheap, XLM is one crypto with a lot of potential. “Stellar, XLM, Lumens, whatever you want to call it. Stellar has flown of late, hitting comfortable prices and becoming the markets favourite alternative to XRP, a cryptocurrency with a diminished reputation and a grim outlook. Whilst XLM and XRP aren’t direct competitors as such, comparing XRP and XLM is a great way to show off the growth of XLM. The … Continue reading Stellar, What Is It Good For? – Crypto Daily™

Now Blockchain Marketplaces Are Made in China Too | NullTX

The decentralization continues! From exchanges to auction houses, to freelancer marketplaces, cutting the middle man out and ensuring maximum value for money between 2 parties. “You’re used to just about everything you pick up having a “Made in China” label on the box. But the world’s largest manufacturing economy is moving into marketplaces as well – decentralized marketplaces, that is. And just like every other area, they’re getting pretty serious about it, too. Functioning decentralized blockchain marketplaces are few and far between at the moment. Depending on what you’re in the market for, there are a few solutions that let … Continue reading Now Blockchain Marketplaces Are Made in China Too | NullTX

Turkish Lira’s Collapse Sees Media Highlight Bitcoin’s Relative Stability

Turkey and Venezuela have turned to Bitcoin in times of financial crisis, and the next global breakdown will see Bitcoin sore to unimaginable heights. “Mainstream media seized on the unraveling currency crisis in Turkey Monday, August 13, with Bloomberg publicizing a demonstration of Bitcoin’s (BTC) comparatively low volatility. Leading with the headline “Turkey Meltdown Propels Lira Volatility Above Bitcoin,” Bloomberg became the latest publication to reveal the full extent of the Turkish national currency’s devaluation this year. “The 10-day swings in the lira relative to the U.S. dollar now exceed those for Bitcoin amid Turkey’s escalating currency…” Source: Turkish Lira’s … Continue reading Turkish Lira’s Collapse Sees Media Highlight Bitcoin’s Relative Stability

Here Is Why Binance Coin (BNB) Is The Coin To Have in 2018 and Beyond – Ethereum World News

One of the few coins that has been gaining steady value over the last 8 months, and one that you should have in your portfolio for sure : BNB. “The Binance Exchange ICO was a huge success to the point where one year later, the exchange flip flops between the number 1 and number 2 positions on coinmarketcap.com and according to daily trade volume. Right now, the exchange is at its usual number one position with $1.486 Billion in daily trade. Sometimes, this daily trade volume was as high as $2 Billion earlier on in the year. This is an … Continue reading Here Is Why Binance Coin (BNB) Is The Coin To Have in 2018 and Beyond – Ethereum World News

Crypto Markets Slump Again, With Bitcoin Holding Gains | Cointelegraph

Bitcoin gains dominance over 50%, and a bull run is quietly forming. “Saturday, Aug. 11: after short-lived recovery attempt yesterday, cryptocurrencies have suffered another slump today. Almost all cryptocurrencies are down by significant percentages, with Bitcoin (BTC) being a notable exception among the top 20 market cap, up under one percent on the day.” Source: Crypto Markets Slump Again, With Bitcoin Holding Gains | Cointelegraph Continue reading Crypto Markets Slump Again, With Bitcoin Holding Gains | Cointelegraph