General Market
Outlook
The market is dipping slightly
after a slow uptrend over the weekend. Nearly all coins are down ,
but trading volume has climbed steadily by $2 billion to $14
Billion in past 24 hours. The only major stand out of the top 100
coins by market cap today is Polymath (POly) - up almost 11% in the
past 24 hours. Bitcoin (BTC) is right around 8,200 for no
significant change with a total market dominance of about 48%, and
Ethereum (ETH) is right at $460 for -1% change in the past 24
hours. Market cap for the overall cryptocurrency market dropped
over $3 billion doin to $294 billion total.
Major
Headlines
Ethereum Network Upgrades
and Hard Fork
Planned upgrades and a hard fork to
the Ethereum network will make it a viable global network, but work
is still in progress. The Ethereum “world computer” concept is
right out of a Sci-Fi story - a virtual machine available to the
world that can’t be turned off, but runs at the cost of “gas,” and
currently at below average speed. However, Ethereum has a massive
community of developers engaging potential solutions. Those planned will alter
how data is store and to increase efficiency, and speed up how
mining algorithms are solved. Testing begins August 13th. The hard
forked will set the perfected improvements in stone by October of
this year.
Mining Apps Banned From
Google Play Store
Last month the Apple
store banned any apps that mine
cryptocurrencies, and now the Google Play store has followed
suit. Back in April, Google banned cryptocurrency mining
browser extensions on Chrome. It was just last week that the
Google Play store briefly made the cryptocurrency world think that
you could no longer download MetaMask for the browser as well. The
most recent update to the Google Play store came with the policy
change against mining cryptocurrency, but specifically still allows
apps which are used to monitor the performance of cryptocurrency
mining that is occuring on other devices. This is a benefit to the
industry, as most in app mining software was being used
maliciously.
Largest Mining Facility In
N. America
A new crypto mining facility will
be the most energy intensive in North America when finished in
September of this year. DMG Blockchain
Solutions began installing a new
electrical transformer and power substation in the 27,000 square
foot facility to increase its mining efforts more than double what
they were previously. The new transformer has an 85-megawatt
capacity ( a single megawatt could power
about 400,000 homes). Mining remains the most effective way to
potentially earn cryptocurrencies totally anonymously, because new
coins do not have a transaction history. But the platform is taking
one step further than most ming facilities by focusing on KYC (Know
your Customer) and AML (Anti-money laundering) features so that
they can offer Mining-as-a-Service (MaaS).
Top 5
Gainers
SyncFab (MFG) +314.10% at
$0.010223
ATBCoin (ATB) +102.77% at
$0.076064
Fox Trading (FOXT) +90.16% at
$0.139535
U.Cash (UCASH) +55.01% at
$0.004036
MSD (MSD) +45.52% at
$0.005705
Top 5
Losers
MobileGo (MGO) -42.26% at
$0.119535
HollyWoodCoin (HWC) -35.71% at
$0.489469
SPINDLE (SPD) -26.67% at
$0.004260
Soarcoin (SOAR) -26.65% at
$0.017610
Sp8de (SPX) -22.07% at
$0.000258
New Coins
Listed
Zcash (ZEC) listed to
Mobi
Vexanium (VEX) listed to
Tokenomy
FuzeX (FXT) listed to
Coinbene
By: BGN Editorial Staff
News:
Bitcoin
(BTC)
Ethereum
(ETH)
Polymath
(POLY)
Cryptocurrencies
DMG Blockchain
Solutions
SyncFab
(MFG)
ATBCoin
(ATB)
Fox Trading
(FOXT)
U.CASH
(UCASH)
MSD (MSD)
MobileGo
(MGO)
HollyWoodCoin
(HWC)
SPINDLE
(SPD)
Soarcoin
(SOAR)
Sp8de (SPX)