Market Summary

Market Cap: $71,123,449,703

24h Vol: $2,995,290,257

BTC Dominance: 47.2%

The total market cap has fallen another $7B or so since yesterday, coming out to right around $71B. This is a far cry from the $115B we saw just weeks ago, as more people are dipping out giving the uncertainty of August 1st. One thing's for sure, if you did your research and feel confident in your choices you shouldn't worry. The tech behind your decision haven't changed.

We're still seeing some decent volume, right around $3B - with BTC dominance creeping up again to just over 47%. Ethereum, EOS and Bytecoin are leading the downward trend with double digit losses over the last 24 hours. Everything, with the exception of Tether, is down double digits for the last 7 days. We're seeing some green today though, as BitConnect jumps 10% in the last hour.

The TaiFu index continues to show a solid descending trend. It looks like we attempted to run back up this evening, but promptly went back down to match what it had been doing.





News

MIT Study Shows Exclusivity Encourages Greater Bitcoin Adoption

https://news.bitcoin.com/mit-bitcoin-study-shows-exclusivity-encourages-greater-adoption/

MIT launched a study in 2014 that showed early adopters help to spread new technology throughout society, if they feel they have exclusive access to it. The study’s official research paper was released on Friday, which was published in Science. The experimenters used bitcoin as the “new technology” in the study.

Central Bank of Albania Lists Five Most Important Bitcoin Risks in Public Warning

https://news.bitcoin.com/central-bank-of-albania-lists-five-most-important-bitcoin-risks-public-warning/

The central bank of Albania issued a public announcement on Thursday, warning citizens of the risks related to the use of digital currencies such as bitcoin. It includes five of what the bank considers the “most important” risks associated with digital currencies for Albania.

Markets Update: Bears Drag the Bitcoin Price Down to New Lows

https://news.bitcoin.com/markets-update-bears-drag-bitcoin-price-lows/

This week the price of bitcoin has been descending downwards following a bearish trendline and is currently hovering just around the US$2000 range. The price started its downtrend on July 10 after staying around the $2550 territory for a few days, but subsequently started dropping to a low of $2225 on July 14. At press time the price of BTC is struggling to stay above $2K, and current technical indicators are showing the bear run may not be over.

Swissquote Partners with Bitstamp to Offer Bitcoin Trading to 200,000+ Customers

https://news.bitcoin.com/swissquote-partners-bitstamp-bitcoin-trading/

Switzerland’s leading provider of online financial and trading services, Swissquote Bank, has partnered with bitcoin exchange Bitstamp to offer bitcoin trading on its platform, available to 200,000+ private and institutional investors.

Ethereum Millionaires Might Be Attracting Attention From Regulators

https://news.bitcoin.com/ethereum-millionaires-attracting-attention-regulators/

Just recently Bitcoin.com has been covering the ongoing case between the U.S. tax agency, the IRS and its dealings with the cryptocurrency exchange Coinbase. However, bitcoiners are not the only ones being observed by taxation officials as regulators are growing concerned about ethereum traders this year accumulating millions of dollars in gains in a pseudo-anonymous manner.

Bitkan Announces the 2017 BTC & Blockchain International Summit

https://news.bitcoin.com/bitkan-2017-btc-blockchain-summit/

On September 9, 2017, blockchain enthusiasts from all around the world will attend the ‘BTC & Blockchain International Summit’ taking place in Beijing, China. The event will be hosted by the Bitcoin-focused data and trading services provider, Bitkan at the gorgeous Sofitel Wanda Beijing Hotel in the Chaoyang District.

Bitcoin Price Drops Below $2,000 as Crypto Markets Fall Toward $70 Billion

http://www.coindesk.com/bitcoin-price-drops-near-2000-crypto-markets-fall-toward-70-billion/

The value of the total supply of all cryptocurrencies and crypto assets tracked similarly, dropping to $72bn, a figure that was 37 percent lower than its all-time high of $115bn set in June. Overall, the figures observed for both bitcoin and the total cryptocurrency market were the lowest since late May. Further, the asset class was down 11% over a 24-hour span at publication, a time during which it shed roughly $9bn in value.

Visa Claims to Be the Most Receptive Company of Digital Currency’s Benefits

http://www.altcointoday.com/visa-claims-to-be-the-most-receptive-company-of-digital-currencys-benefits/

We are creating incentives for merchants to remain competitively connected to their consumers and grow with their consumers. As the world’s largest payments technology company, no one embraces the benefits of digital currency more than we do.

Egyptian Central Bank Denies Rumors of Bitcoin Adoption

http://www.altcointoday.com/egyptian-central-bank-denies-rumors-of-bitcoin-adoption/

“For stability of the Egyptian banking system, the banks deal with the official currencies only, and never deal with any virtual currencies,” Negm told Egyptian economics magazine Amwal Al Ghad last month. Washington, DC-based publication Al-Monitor, which covers Egyptian news, reported on the situation yesterday.

GDAX Reveals Contingency Plan for Bitcoin’s Coming Soft Fork

http://www.altcointoday.com/gdax-reveals-contingency-plan-for-bitcoins-coming-soft-fork/

In either scenario we will implement safeguards to ensure the safety of our customers’ funds. For example, we will temporarily suspend the deposit and withdrawal of bitcoin on GDAX and may pause the trading of bitcoin as well. This decision will be based on our assessment of the technical risks posed by the fork, such as replay attacks and other factors that could create network instability.

Videos

Ep. 529 - McDonald's To Accept Cryptocurrency - Asia / Deep Web Suicide / Metropolis = 2 Hard Forks