With the start of the school year, crypto markets showed decent gains on September 1st with almost all top 100 cryptocurrencies by market cap is in the desired green zone.
Bitcoin (BTC) steadily continued to climb over the $7,000 mark which is basically more than a 2 percent increase in the past 24 hours. It is now trading at $7,268 which is a 0.99% increase over the past day. Bitcoin broke the $7,000 point for the second time this week right after news hit from the US Commodity Futures Trading Commission where they showed a decline in bearish positions for Bitcoin futures contracts that are not commercial.
Ethereum (ETH) is now going over the $290 price point which is actually a drop by 1.33 percent over the past 24 hours but on the other hand, the second largest cryptocurrency saw more than 6 percent growth on a weekly basis despite the losses it’s been suffering for a whole month.
The total market cap of all cryptocurrencies is now $238 billion and this is a first time Since Aug 8. However, the total market cap is continuing to grow to show a possible spike in the following hours.
Dogecoin has also seen some notable growth reaching a stunning 40 percent in the past 24 hours and is currently a 22 place on CoinMarketCap trading at $0.005103. The previous week, the central bank of India confirmed the plans to issue a rupee-backed central bank currency. Also, Yahoo Finance offered a buy and sell options for a few major cryptocurrencies on its website. This is great news for all cryptocurrencies!
Where Does Bitcoin Cash (BCH) Stand The Day After The Fork?
“Even if the SV mining collation do catch up with ABC or if they manage to do hostile chain re-orgs, its highly unlikely BCash ABC users & investors will ever switch to follow SV. ABC users just need to be patient & wait it out. @CalvinAyre & the SV miners will eventually give up,” BitMEX wrote on Twitter, doubling down on Jonathan Bier’s pre-fork prediction that miners would ultimately abandon the BSV fork.Currently, people are wondering how does the BCH hard fork affect other projects such as Bitcoin. The good news here is that the fork has no effect on BTC other than making it even less likely that Bitcoin Cash (BCH) will overtake Bitcoin (BTC) and claim its mantle.
A New $4 Billion Drop Sees Bitcoin Cash – And The Entire Market – Falling
‘Time May Be Right’ For Home Crypto Mining: Coinbase CTO
“The big difference with decentralized mining in 2018 is that there are now so many different coins and tokens out there that it’s almost certainly possible to make a profit – or at least mine a decent amount of some crypto – via a decentralized home mining device like Coinmine.”This is a notable perspective mostly because Srinivasan previously founded 21.co which was a startup that emerged from stealth in 2015 and had an ambitious plan to embed Bitcoin miners in everyday devices- which was then backed by Coinbase Ventures. Following the Coinmine announcement, Srinivasan wrote:
“The big difference with decentralized mining in 2018 is that there are now so many different coins and tokens out there that it’s almost certainly possible to make a profit – or at least mine a decent amount of some crypto – via a decentralized home mining device like Coinmine."As we can see from the above stated, the CTO of Coinbase seems optimistic about Coinmine's ability to add even more coins later, foreseeing a future where the company could play a key role in the launch of new tokens.
“I believe that decentralized mining is an important idea and worth trying again. It’s mining as Satoshi intended: many devices around the world with no single point of failure." Srinivasan concluded.
Crypto Exchange OKCoin Expands To Latin America, Launching A Fiat Market
"We’re aiming to grow throughout the region by bringing institutional and retail traders there an array of trusted trading options so they can buy and sell with confidence,” Buyn said following the official announcement.He also pointed that the Latin American market is extremely important for the exchange as it is for many crypto and blockchain industries.
Join us on Facebook
- 15 Industries Blockchain Could Soon Revitalize
- Tom Lee Predicts: Bitcoin Will Recover And Will Reach $15,000 By The End Of 2018
- $30 Billion Later: There Is Still Not A Single Crypto App Created With A Real User Base
- Bilbao, Spain: New $171k Worth Tender Issued For Developing A Public Blockchain Network
- Report: Bitcoin Scam That Compromised Several Verified Company Accounts Came From A Third-Party App
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
wed05dec9:30 am5:30 pmDigital Asset Investment ForumExploring the Emerging Asset Class.9:30 am - 5:30 pm The St. Regis Washington, D.C, 923 16th and K Streets, N.W., Washington, District Of Columbia 20006 USA
Blockchain Archive2 days ago
ICO Promotion Services | Advertise your ICO | Promo for ICO
Blockchain News3 days ago
Bank Of America Secures A Patent For Crypto Aggregation Systems
Blockchain News4 days ago
Iran Gets Removed From SWIFT, Considers Switching To Crypto As Planned
Blockchain Archive4 days ago
Blockchain Conferences Marketing | Advertise Cryptocurrency Events
Analysis2 days ago
Fundstrat Global Advisors: Bitcoin Will Take Weeks To Repair The Technical Damage
Analysis5 days ago
Bitcoin Falls To $6,300, Recording Two Sell Candles On Its Daily Chart
Altcoin News4 days ago
Researchers At McAfee Spot A New Russian Malware That Mines Monero And Zcash
Bitcoin News2 days ago
ECB Board Member: Bitcoin Is ‘The Evil Spawn Of The Financial Crisis’