The State of the Market: After a week of consolidation, the crypto markets have experienced a moderate upswing — with Bitcoin (BTC) pushing $7,000, and Ethereum (ETH) pushing $500 for a gain of 2.5% and 5% respectively. Today’s gains come on the heels of a much-needed rally in late June — and the markets do not appear to be losing bullish momentum, as was often the case in months prior. All top ten coins by market cap are solidly in the green, with gains ranging from 2–7%. The total crypto market capitalization is currently sitting at around $276.6 billion — following a dizzying gain of $13 billion in the space of just two hours earlier today.

1) Augur (REP), the long-anticipated oracle and prediction market platform built on the Ethereum blockchain is set to go live soon. Augur’s smart contracts are scheduled for deployment on the main Ethereum network tomorrow at 18:01 UTC. The Augur platform boasts the type of real-world application that has the global community of blockchain and decentralized enthusiasts excited, albeit a bit apprehensive, for the networks long-awaited roll-out (read more).

2) The Ethereum (ETH) development team has released a new coding language called ‘Vyper’ as part of their efforts to enhance platform security. The new language represents an upgrade from the now retired ‘Serpent,’ and is an excellent alternative to Ethereum dApps developers who currently use Solidity. Vyper is designed to be user-friendly and to simplify the process of creating smart contracts (read more).

3) According to newly available trading data from the Chinese Central Bank, the Chinese Yuan now accounts for less than just 1% of all global bitcoin trades. The precipitous drop in Yuan-Bitcoin transactions — which once accounted for a staggering 90% of global trades — is likely the result of Chinese regulatory authorities crackdown on the nation’s broader cryptocurrency industry. These regulatory efforts have led to the closure of 88 cryptocurrency exchange platforms — including a domestic ban on leading exchanges Binance and Huobi (read more).

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