Market Summary

Market Cap: $94B

BTC Dominance: 47.27%

24 Hour Volume: 3.1B

Active Currencies: 821

Active Assets: 176

Active Markets: 4674

The weekend is almost over and we're about to start the first full week after BIP91 locked in. Hopefully the moment from last week carries through and we see another gigantic surge throughout the market. We've gotten back to the $94B market cap, after hitting lows into the $60-$70B. Bitcoin dominance has remained in the 47% range, with BTC up 40% over the last week. There has been a bit more volume this weekend compared to last, as confidence spreads. Most coins are down over the last 24 hours, but I'd attribute that more to it being the weekend and people cashing out some profit.

Bitcoin is converging closely to the upward trend line, so we'll watch closely to see if there's a bounce. However the overall sentiment seems positive, now that we've passed a major segwit hurdle. The TaiFu index appears to indicate a continuous movement upwards, even-though many alts are down in the Top 30.

Bitcoin Chart (1 day candles)

TaiFu Index





News

Bitcoin Price Rises Post AlphaBay and Hansa Disappearance This past week has been a mix of good and bad news for Bitcoin and cryptocurrency enthusiasts. More specifically, the Bitcoin price has gone up again, which surprised quite a few people. On the other hand, multiple top darknet marketplaces have been shut down. Many people associate…

Enterprise Ethereum Alliance Becomes the Largest Blockchain Association Even since the potential uses of blockchain technology started gathering attention, many entities have begun joining forces to create consortiums and working groups to further explore the technology. Over the past few years, Ethereum has gained prominence as a reliable protocol to enable the creation of…

Eclair Bitcoin Android Wallet’s Lightning Network is Open for Public Testing This week Altcoin Today reported on the recent demo of the Lightning Network being tested by Bitfury on Bitcoin’s mainnet. Now the bitcoin technology company Acinq has launched its Lightning Network-based Android wallet “Eclair” because the company believes Segwit “seems to be on the verge of…

In recent statements addressing contemporary cyber threats, including those pertaining to cryptocurrency cyber crime such as ransomware, the New Zealand Reserve Bank has rejected calls for enhanced and intrusive regulations.

The Japan Cryptocurrency Business Association has issued an announcement regarding Bitcoin Cash (BCC), which it expects to result from a planned hard fork on August 1. Some of its 13 bitcoin exchange members have already issued preliminary notices detailing how they will deal with the upcoming cryptocurrency.

Bollywood news recently reported celebrities are going bonkers for bitcoin. Famous Indian entertainers have been tweeting and commenting positively about bitcoin. They appear to find the currency fascinating, and see its potential for future growth. Some of the celebrities include, Shilpa Shetty, Raj Kundra, R. Madhavan, Huma Qureshi Neha Dhupia, Vir Das, Nargis Fakhri, and Prachi Desai, according to a recent Bollywood news article.

On July 22, 2017, at approximately 04:46:31 UTC at block height 477120 — BIP91 was activated on the Bitcoin network. As of this point, if the Segwit2x plan is successful, blocks that don’t signal Segregated Witness (BIP141) will be rejected.

There’s been a lot going on as far as development goes with the latest alternative clients and the Segwit2x plan also known as BTC1 on Github. One particular subject that came up on the BTC1 repository was the idea to incentivize the development community with time-locked bitcoins to smoothly activate a hard fork.

The firm Bitfury Group published a video which shows a successful demonstration of the Lightning Network on the Bitcoin mainnet.

During this week’s Bitcoin.com podcast our host, Richard Jacobs, sits down with Tim Swanson, Director of Market Research of R3 consortium. They discuss blockchain, banking, and the mission of R3 as a banking company interested in blockchain and distributed ledgers.

The South African Reserve Bank has announced that it will trial cryptocurrency regulations. Loerien Gamaroff, CEO of Bankymoon, has revealed that his company has been selected as the first business to trial the new regulations.

Russia is currently working on a regulatory framework to legalize Initial Coin Offerings (ICOs), local publications reported on Wednesday. This is in addition to a bill that is being finalized to recognize cryptocurrencies such as bitcoin and ether.

On July 19 the ethereum community was warned that the Parity client version 1.5 and above contained a critical vulnerability in the multi-signature wallet feature. Further, a group of multi-signature “black hat exploiters” has managed to drain 150,000 ether from multi-sig wallets and ICO projects.

Videos

John McAfee on BITCOIN 2017 - Shaun Moo