Market Recap

Market Cap: $84,360,360,400

24h Vol: $3,124,083,434

BTC Dominance: 46.0%

Gonna switch these to once a day so there's less overlap and they're easier to consume. Thanks everyone for the feedback and feel free to make any other suggestions!

We've settled around a total market cap of $84B today, with a modest volume just over $3B. This is a decent drop from last night and it appears we're likely still falling a bit. Bitcoin dominance is slightly up, as we've seen on days where the altcoins are down much more that BTC. There's a lot of red right now, even at the 1-hour level. Most coins are down a few percentages over the last hour, but those are adding up with high single digit losses over the last 24-hours and double digit losses over the last week.

The TaiFu index chart looks like it hasn't jumped quite as sharply here lately, so it should be interesting to see what happens going into this weekend.





News

Publicly Listed South Korean Company Building Global Network of Cryptocurrency Exchanges

https://news.bitcoin.com/publicly-listed-south-korean-company-building-global-network-of-cryptocurrency-exchanges/

A South Korean company listed on Kosdaq, the trading board of Korea Exchange, has announced the launch of its own bitcoin exchange and a plan to build a global network of cryptocurrency exchanges. Coinlink will be the country’s first bitcoin exchange run by a Kosdaq-listed company.

BTCC Founder Bobby Lee Says Cryptocurrencies Need Regulation

https://news.bitcoin.com/btcc-bobby-lee-cryptocurrencies-regulation/

This week Bobby Lee, founder and CEO of the China-based bitcoin exchange BTCC, warned that cryptocurrencies should be regulated or they will “run amok from society.” The conversation follows the recently introduced bitcoin-related regulatory policies administered by China’s central bank.

UK Fintech Startup Revolut to Adopt Bitcoin and Move Beyond Banking

https://news.bitcoin.com/uk-fintech-start-up-revolut-to-adopt-bitcoin-as-it-raises-66-million/

Revolut, the UK Fintech Startup, is adding bitcoin to its regiment of accepted currencies due to heavy customer demand. The company is touted as a global alternative banking platform, which provides customers with cards that can be used to purchase currency and products in multiple countries at the current exchange rate.

PBOC Discusses ICO and Cryptocurrency Regulations

https://news.bitcoin.com/pboc-discusses-ico-and-cryptocurrency-regulations/

The People’s Bank of China (PBOC) has recently provided further detail regarding the cryptocurrency regulations that China is currently formulating. On ICOs, a PBOC counselor described ‘moderate regulation’ as necessary, whilst stressing the desire of China not to prematurely stifle bitcoin innovation and growth within the Chinese cryptocurrency markets. China’s central bank has also rejected the notion of cryptocurrency comprising a currency.

Bitcoin Scaling Watch: News & Guides to Navigate the Coming Clash of Code

http://www.coindesk.com/bitcoin-scaling-watch-news-guides-navigate-coming-clash-code/

As bitcoin heads into July, the protocol stands on the cusp of major changes to its code. The result of years of heated discussion on how to expand the capabilities of bitcoin for greater transaction volumes, two key proposals now stand on the verge of potentially disrupting or upgrading the network. While generally described as a "civil war," the battle over bitcoin's technical roadmap is more nuanced.

$232 Million: Tezos Blockchain Project Finishes Record-Setting Token Sale

http://www.coindesk.com/232-million-tezos-blockchain-record-setting-token-sale/

The Tezos blockchain project has completed its initial coin offering, or ICO, bringing in a record-smashing $232m-worth of bitcoin and ether. At close, Tezos had netted 65,627 BTC (worth roughly $156m at current prices) and 361,122 ETH (worth about $76m). The crowdsale, which didn't have a cap on the total amount of tokens sold, began on July 1, and was timed with the passage of 2,000 transaction blocks on the bitcoin network.

Goldman Sachs Granted 'SETLcoin' Cryptocurrency Patent

http://www.coindesk.com/goldman-sachs-granted-setlcoin-cryptocurrency-patent/

The US Patent and Trademark Office (USPTO) published Goldman's patent on July 11, entitled "Cryptographic currency for securities settlement". The bank made headlines when the existence of the patent application was revealed in late 2015.

Survey: China Mines 70% of World’s Bitcoins

http://www.altcointoday.com/china-mines-70-of-worlds-bitcoins/

Miners, most of whom use powerful application-specific hardware, process transactions and add them to a public ledger called the blockchain. In their quest to discover new blocks, they try to solve a proof of work problem that, based on the system’s protocol, combines a nonce of their choosing, a proposed new block and information from the most recent block. Solution finders are rewarded in newly created bitcoin.

Bitcoin’s Upcoming SegWit2x Splitted into Two in Test Environment

http://www.altcointoday.com/segwit2x-splitted-into-two-in-test-environment/

Controversial bitcoin scaling proposal Segwit2x’s testnet forked yesterday, creating two different and incompatible testnets. Nodes running older bitcoin software continued on as they normally would. But nodes running the new Segwit2x code stalled at block 27070, meaning mining pools running the new software were not mining blocks. Overall, the nodes were stalled for over 20 hours as a result of the issue.

Russia is Looking into Utilizing Blockchain for Real Estate and Housing Projects

http://www.altcointoday.com/russia-is-looking-into-utilizing-blockchain-for-real-estate/

[W]e are considering the use of blockchain in the work of such agencies as the Federal Registration Service. Automatic real estate transactions, in particular, are considered as a pilot project for the use of blockchain in transactions related to equity construction and joint housing development.

How News, Black Money and Bots Affect Bitcoin and Altcoin Prices

http://www.altcointoday.com/news-black-money-and-bots-affect-bitcoin-and-altcoin-prices/

The Bitcoin and altcoin market keeps exhibiting a high level of volatility, suggesting easy manipulation by a minute segment of participants as the case may be. This automatically signifies tangible room for growth as the ecosystem strides towards stability. Bitcoin has experienced its highest season of volatility since the turn of the year 2017. This can be attributed to the frequency of events surrounding the technology.

EEA Creates Technical Steering Committee And Seven New Working Groups

https://www.ethnews.com/eea-creates-technical-steering-committee-and-seven-new-working-groups

According to the announcement, the Working Groups will advance the development of use-cases for blockchain technology on the Ethereum platform in specific industries. The Technical Steering Committee will guide the Working Groups by generating technical specifications and code, reviewing and approving deliverables from various Working Groups to be presented to the Board of Directors, and cooperating with other committees in identifying the scope and scale of EEA's continued efforts. The Technical Steering Committee will mainly filter client codebase specifications compatible with Quorum, pyethapp, STRATO, Nuco, Burrow, and others, instead of applying changes to applications built on those clients.

Freeze! Japan Cryptocurrency Business Association Prepares For Bitcoin Fork

https://www.ethnews.com/freeze-japan-cryptocurrency-business-association-prepares-for-bitcoin-fork

In anticipation of the upcoming user-activated soft fork on the Bitcoin blockchain, Japan’s Cryptocurrency Business Association is creating guidelines for virtual currency exchanges to protect customer investments.

In an Historic First, Swiss Bank Now Offers Direct Bitcoin Purchases

http://www.trustnodes.com/2017/07/13/historic-first-swiss-bank-now-offers-direct-bitcoin-purchases

Falcon Swiss private bank, which handles around $15 billion in assets, announced yesterday they are now allowing their clients to “exchange and hold Bitcoins via Falcon using their cash holdings,” according to a statement.

Videos

Ep. 527- Golem Network Partners With Streamr / Buy Bitcoin - Fed Meeting (Part One)