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U.K. Economy Rebounds in Second Quarter

August 11, 2018 |

The U.K. economy accelerated in the second quarter after a soft start to the year, as balmy weather and the buzz surrounding the soccer World Cup fired up consumer spending.
WSJ.com: What’s News Europe

Mariah Carey cancels Australian leg of tour for a second time

August 11, 2018 |

Mariah Carey has cancelled her Australian tour two months before she is due to arrive, citing a scheduling conflict.
FOX News

Markets Report: July Posts Second Strongest Monthly BTC Performance of 2018

August 1, 2018 |

Markets Report: July Posts Second Strongest Monthly BTC Performance for 2018

Looking at the monthly charts, July saw BTC produce its second best performing month of price action during 2018 after gaining in value by more than 20%. By contrast, the majority of leading cryptocurrency markets by capitalization posted their third consecutive red monthly candle. Stellar was the highest performing top crypto market during July, gaining roughly 45% over USD.

Also Read: Markets Update: Cryptocurrency Price Trends Turn from Bullish to Bearish 

BTC Gains 20% During July

In July, the BTC markets posted their second strongest performing month for 2018 so far. BTC gained approximately 21%, rallying from an opening price of roughly $ 6,400 USD at the start of the month to close at $ 7,730.

July saw a price action range of approximately 40%, bouncing from a low of roughly $ 6,100 on the 12th before posting a local top at $ 8,500 on the 24th. Despite the bullish price action, July’s monthly trade volume was the second lowest of 2018 thus far.

As of this writing, BTC has a market capitalization of $ 130.5 billion and is trading for approximately $ 7,610.

BCH Posts Modest Gains

The Bitcoin Cash markets produced a modest green candle for the month of July, gaining approximately 3.5% from roughly $ 750 at the start of the month before closing at around $ 775.

Despite the modest gain, BCH traded within a 35% range, with Bitcoin Cash testing support at roughly $ 660 on the 12th of July before ramping up to test resistance at $ 890 on the 18th. When measuring against BTC, BCH lost approximately 17%, with BCH/BTC starting the month at roughly 0.117 BTC before closing at 0.1 BTC.

As of this writing, Bitcoin Cash has the fourth largest market capitalization with nearly $ 13.2 billion and is trading for roughly $ 760.

Many Leading Altcoins Post Third Consecutive Monthly Red Candle Against USD

Ethereum posted its third consecutive red monthly candle for July after dropping by 5% from an opening price of roughly $ 455 to close at around $ 430. ETH traded within an approximately 19% range, with ETH/USD posting a low of $ 420 on the 12th of July before ramping up to test resistance at $ 515 on the 18th. The trade volume for ETH/USD during July was the lowest monthly volume posted this year thus far.

Ethereum also lost 22% of its value when measured against BTC in July, falling from an opening price of 0.071 BTC to close at roughly 0.055 BTC. Ethereum currently boasts the second largest cryptocurrency market cap of almost $ 43 billion and is trading for roughly $ 420.

The USD price of XRP fell for the third month in a row, by 7% from July’s opening price of $ 0.468 to close at $ 0.435. XRP traded within a roughly 19% range for the month, bouncing off a low of $ 0.425 on the 12th of July before rallying to test resistance at $ 0.525 on the 18th.

When measuring against BTC, XRP fell by roughly 23% from the month’s opening price of 0.0000732 BTC to close at 0.0000562 BTC. Monthly trading volume for both BTC and USD XRP pairing was the lowest of 2018 so far. XRP is currently the third largest market cap with $ 17.7 billion and is trading for $ 0.45.

EOS also posted its 3rd consecutive red monthly candle after falling by roughly 10% during July from an opening price of $ 8.11 to close at roughly $ 7.3. EOS traded within a 30% range after testing a low of $ 6.6 on the 12th before rallying to test resistance at $ 9.35 on the 18th of July.

When measuring against BTC, EOS fell by 25.5% from the month’s opening price of 0.001275 before closing at roughly 0.0095. EOS is currently the fifth largest market by capitalization with $ 6.6 billion and is trading for $ 7.33.

Stellar Gains 45% During July

Of the top cryptocurrency markets by capitalization, Stellar produced the strongest performance during July.

The Stellar markets gained roughly 45% from the month’s opening price of roughly $ 0.1935 before closing at $ 0.28. The total range for the month’s price action was more than 95%, with Stellar bouncing off $ 0.18 on the 12th of July before testing $ 0.35 on the 25th of July.

Stellar was the only leading altcoin to gain over BTC during July, gaining nearly 20% from 0.00003 BTC before losing at roughly 0.000036.

Poloniex – STR/BTC – 1M

The month’s bullish action has propelled Stellar to the position of sixth largest market capitalization with $ 5.17 billion. Stellar is trading for approximately $ 0.27 as of this writing.

Do you think that altcoins will continue to bleed out against BTC this coming month? Share your outlook in the comments section below!


Images courtesy of Shutterstock, Trading View


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The post Markets Report: July Posts Second Strongest Monthly BTC Performance of 2018 appeared first on Bitcoin News.

Bitcoin News

Stocks edge up, ending the second quarter with small gains

June 30, 2018 |

U.S. stocks finished mostly higher Friday, but they surrendered most of an early gain as worries about rising tariffs once again dampened investors’ enthusiasm as the second quarter came to an end.

Bank shares rose after the Federal Reserve allowed most of the largest financial institutions in…


L.A. Times – Business

TMZ

Second Person of Interest in XXXTentacion Murder Case Has Long Rap Sheet

June 27, 2018 |

The man named as a new person of interest in XXXTentacion’s murder case has had a lot of run-ins with the law, much like the arrested murder suspect … TMZ has learned. 22-year-old Robert Allen’s rap sheet in Broward County, FL dates back to early…

TMZ.com

Alix Tichelman indicted for second man’s death, report says

June 26, 2018 |

A former California prostitute who served three years for the death of a millionaire Google executive has been indicted by a Georgia grand jury on murder charges in a separate case, a report said.
FOX News

China’s New Crypto Rankings – EOS First, Ethereum Second, Bitcoin Drops to 17th

June 25, 2018 |

China's New Crypto Rankings - EOS First, Ethereum Second, Bitcoin Drops to 17th

The ranking of cryptocurrency projects by the Chinese government has been revised with two new crypto projects added. EOS tops the overall list of 30 crypto projects; Ethereum fell to second place while Bitcoin dropped to 17th place.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

China Now Ranks 30 Crypto Projects

China’s Center for Information Industry Development (CCID), under the Ministry of Industry and Information Technology, has revised its crypto project rankings. The second monthly Global Public Chain Technology Evaluation Index was officially released on June 20 at the Shanghai Science Hall, consisting of 30 crypto projects.

China's New Crypto Rankings - EOS First, Ethereum Second, Bitcoin Drops to 17thThe first index, introduced last month, has 28 projects, missing the two newly-added EOS and Nebulas.

According to the CCID Network, the center’s media network under the Ministry of Industry and Information Technology, the CCID Public Chain Technology Assessment Working Group has made some changes to the ranking structure of the index:

The second-phase assessment model has been optimized compared to the first phase. The security assessment algorithm has been improved and the evaluation indicator for ease of deployment of public-chain nodes has been added.

However, the basic model of technology assessment has not changed since the index was, the group explained. Evaluation criteria for the rankings are still focused on three aspects of the overall crypto projects: the basic level of technology displayed, the usefulness of the application, and the innovativeness of the project. There was no mention of typical factors used to rank cryptocurrencies such as liquidity, volume, adoption, or price.

EOS First, Bitcoin Dropped to 17th Place

China's New Crypto Rankings - EOS First, Ethereum Second, Bitcoin Drops to 17thEOS, which was not included on the original list, tops the second list overall. Ethereum, which ranked number one last month, has now been bumped to second place. Bitcoin has dropped from 13th place to 17th place. Bitcoin Cash fell slightly from 25th place to 28th place.

“The EOS main network went live on June 10. Although there was an accident such as a short-term suspension, it was highly active in technological innovation, and the software update speed was still one of the new generation public chains that are currently most concerned by the industry,” the CCID explained. “However, due to its short on-line time, the stability of the network remains to be observed.”

The center elaborated:

The results showed that the evaluation index of EOS…was 161.5, ranking first in the evaluation index list. Ethereum, the first player in the previous period, took the second place with a combined score of 138.4…Bitcoin’s public chain technology assessment index is 91.5, ranking 17th.

Two days after the Chinese index was released, the EOS Core Arbitration Forum issued its first censorship order, demanding its miners to refuse “to process transactions of any kind for the affected EOS account names and/or public keys, pending further review of the claims by an arbitrator.” 27 different wallet addresses are included in the order.

China's New Crypto Rankings - EOS First, Ethereum Second, Bitcoin Drops to 17th
The second index (left). The first index (right).

What do you think of China’s crypto project rankings? Let us know in the comments section below.


Images courtesy of Shutterstock, EOS, and CCID.


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The post China’s New Crypto Rankings – EOS First, Ethereum Second, Bitcoin Drops to 17th appeared first on Bitcoin News.

Bitcoin News

Alice Marie Johnson thanks Trump for ‘second chance,’ tells Fox News faith kept her strong

June 8, 2018 |

Alice Marie Johnson, the woman whose life sentence was commuted by President Trump this week, promised the commander in chief: “I will make you proud.”
FOX News

Solo Slows Down Over Second Weekend

June 3, 2018 |

Solo: A Star Wars Story is losing momentum quickly at the box office, the AP reports. After an underwhelming launch , the space saga fell 65% in weekend two with $ 29.3 million from North American theaters, according to studio estimates on Sunday. Solo has now earned $ 148.9 million domestically….
Newser

Second Act for Corporate Titans: Startup Whisperers

June 2, 2018 |

Cisco’s John Chambers and other former big-name executives are turning to venture capital, where they can put their business acumen to work in counseling startups, in their post-corporate careers.
WSJ.com: US Business