Bitcoin Cash up just 0.46%, while other top cryptos down for the day

Since yesterday, the top five cryptocurrencies — Litecoin, Bitcoin, Bitcoin Cash, Ethereum, and Ripple — have gone down -0.58% in aggregate.

How the Fab Five Fared

Since yesterday, the top five cryptocurrencies — Litecoin, Bitcoin, Bitcoin Cash, Ethereum, and Ripple — have gone down -0.58% in aggregate. Leading the way was Bitcoin Cash, whose price is now around $331.74 USD, which yielded holders a return of 0.46% from the day prior. On the flip side, the worst performer was Litecoin coming in at -1.57%; its price is now near $85.47968 USD. One of the coins had up days, which indicates almost the entirety of the sector as a whole moved down.

Crypto brokers to trade the currencies mentioned here: Coindirect

Price Patterns to Monitor

Yesterday was a fairly normal day for all of these cryptocurrencies, in the sense that they fluctuated within the normal daily range we have come to suspect them to move within. Technical traders may also wish to note the following developments in price action:

  • Seeking momentum? Bitcoin has been in a clear uptrend for the past two weeks.
  • Bitcoin Cash and Ethereum don’t have a clear trend at this time, at least on a two-week timeframe.
  • If coins in a clear downtrend are your thing, consider XRP and Litecoin. Those have been in a clear downtrend over the past 14 days, and thus might be of interest to trend followers comfortable with short selling.

Buy XRP using your local currency

Insights from the Blockchains

Ripple recorded 837,116 transactions on its blockchain over the past 24 hours; that’s the best of the bunch, and about 19% over Ethereum, which had the second-most transactions recorded on its chain. Ripple’s transaction fee was also less than Ethereum’s, suggesting transaction fees might be a key reason why users are preferring Ripple. Over the past 24 hours, the largest transaction across all blockchains occurred on Bitcoin, coming in at a value of $260,707,712 US dollars. Bitcoin continues to dominate the crypto market, with the total circulating value of its currency equal to approximately $202.71 billion US dollars. That’s about 68.46% of the value of all circulating cryptocurrencies. Note that Bitcoin’s dominance level has been in an uptrend, stepping from 64.3% to 69.3% over the past two weeks.

Article by SixJupiter

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China’s Fintech Revolution—The Ledger

Today we’re going to take a deeper look at the status of the financial technology industry, or fintech, within China, which was the subject of a breakfast …

Last week we discussed the roiling Sino-American trade war and the shock depreciation of China’s currency. Today we’re going to take a deeper look at the status of the financial technology industry, or fintech, within China, which was the subject of a breakfast roundtable Fortune hosted at its inaugural Brainstorm Finance conference earlier this year.

Early on during that morning session, our featured speakers found a point of agreement: the Middle Kingdom is far more advanced than just about any other nation when it comes to financial tech. “If you want to see the future of fintech, just go to China,” said Edith Yeung, managing partner of Proof of Capital, a blockchain-focused investment firm. She cited Alibaba-spinoff Ant Financial and Tencent’s WeChat as paragons of digital banking and payments.

Zhou Jing, president of Pintec, a Chinese fintech startup, explained the Chinese industry’s rise as hinging on the proliferation of software applications and mobile phones. “In the past people didn’t have smartphones and they didn’t have access, if they lived far away, to information or services that are readily available in the U.S.,” Zhou said.

“Today, without opening a bank branch you can reach out to customers who live in Tibet and faraway places you’ve never heard of,” Zhou continued. “You can provide retail financial products to the majority of the population in China at marginal cost, or close to zero.”

Daqing “David” Ye, CEO, chairman, and cofounder of Rong360, another Chinese fintech startup, discussed some of the challenges that attend operating in such a new market. It’s not simple to get new buyers and sellers to trust one another, he said.

Responding to a question about a controversy over Rong360 hosting predatory lenders on its loan-originating marketplace, Ye said his company has been tackling the issue head-on. “We have the responsibility to ensure the accountability of products on our platform—they have to obey the rules and regulations,” he said, noting that the company had been “tightening up” its market.

Ye also highlighted the importance of consumer education. “Keep in mind, for many Chinese consumers, this is the first time in their whole lives they want to use credit or buy insurance. We need to help people understand what’s a compound interest rate, what is APR,” or annual percentage rate, meaning the interest due on loans. “We’re working with financial service providers to make sure they follow good, best practices and can’t do bait-and-switch marketing,” he said.

With a surging consumer base and little entrenched infrastructure to stand in the way, China has been leapfrogging ahead technologically. The country has been experimenting with new ideas, such as its controversial social credit system, which grades people based on their behavior and either restricts or green-lights their access to services. The latest impending achievement: On Monday, China’s central bank said it was “almost ready” to release a digital currency of its own after five years of development.

Will China-coin represent the leading edge of finance? We’ll have to wait for more details to find out. But, as Yeung pointed out during the panel discussion, the Chinese government’s interest in blockchain technology appears to be driven by a desire to co-opt and control money; it cares less about the vision of decentralization promoted by so many cryptocurrency boosters.

“I’m very bullish on China,” Yeung said, before clarifying, “I’m bullish on the people, not necessarily the government.”

Robert Hackett | @rhhackett |


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To the Moon… The Fed plans faster payments. Former Fed heads are pro independence. NYSE preps for tech upgrade. Mastercard buys Danish payments platform Nets for $3 billion. Fidelity plans to use Blockstream’s big Bitcoin mines. Kik fights SEC. Visa is worth a lot of money. Ripple is in a deal-making mood. Ex-Coinbase tech chief is behind

…Rekt. Western Union to cut 10% of staff. SEC delays Bitcoin ETF decisions. U.S. says China manipulates currency. Malaysia files charges against Goldman, while Goldman gets into subprime lending with Apple Card. Traders lose bonuses. UBS hits rich clients with negative interest rates. AT&T insiders were bribed to unlock phones. Online lender GreenSky tumbles. “Snake oil crypto.”



That’s the short-term price target a technical analysis team at Goldman Sachs favors for Bitcoin, according to a slide in a Sunday presentation for institutional clients, published by CoinDesk. A single Bitcoin is currently valued at roughly $11,400. Per the bank: “Any such retracement from $12,916-$13,971 should be viewed as an opportunity to buy on weakness as long as it doesn’t retrace further than the $9,084 low.”


“Democratic People’s Republic of Korea cyber actors…raise money for its WMD (weapons of mass destruction) programmes, with total proceeds to date estimated at up to two billion US dollars”

So says a confidential United Nations report, as reported by Reuters. The Hermit Kingdom has “used cyberspace to launch increasingly sophisticated attacks to steal funds from financial institutions and cryptocurrency exchanges to generate income,” say the authors of the report.


In space no one can hear you…pay? In the world of Star Trek, money has been rendered obsolete. So National Public Radio’s Marketplace podcast asks, if not wealth, what motives people to work in this fictional universe? Manu Saadia, author of Trekonomics (a book I reviewed for Fortune in 2016), says the prevailing driver is “prestige and the admiration of your peers….justice seems to be their most profound concern.”

A lot of science fiction shows present a darkly dystopian view of the future, where humans battle for limited resources, starkly divided between the haves and have-nots. But some views of the future are far more utopian. In “Star Trek,” members of the federation live in a post-money society: Everyone has the basics, nobody has to work, and ordering what you need is as easy as telling a replicator, “Tea. Earl Grey. Hot.”

As Trekkies get excited for “Picard,” the latest “Star Trek” franchise, we thought we’d dive deeper on how that society works. It’s the latest in our ongoing series exploring how tech and the economy are portrayed in science fiction.

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NY Investor Says Man Stole Crypto By Exploiting Escrow Site

A month later, the state court entered a default judgment against Sharabati for failure to appear and ordered Bittrex to turn over approximately …
Law360 (August 12, 2019, 4:01 PM EDT) — A cryptocurrency investor claims a Palestinian national stole more than $677,000 worth of the digital token Ripple from her by manipulating the records of an unnamed online escrow platform.

Elizabeth White, head of blockchain firm The White Co., filed suit in New York state court Friday against Fadi Sharabati and multiple unknown individuals who she alleges helped Sharabati set up a bait-and-switch cryptocurrency transaction during bitcoin’s historic December 2017 price bubble.

According to White, who filed suit in Delaware before being told to take her claims to New York, Sharabati contacted her on Dec. 27, 2017, about trading him 484,000 Ripple…

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Cryptocurrency and Blockchain Market: Major Technology Giants in Buzz Again: Intel, Microsoft …

The Study Explore the Product Types of Cryptocurrency and Blockchain Market: , Bitcoin, Ethereum, Ripple (XRP), Litecoin, Dashcoin & Others.

This press release was orginally distributed by SBWire

Edison, NJ — (SBWIRE) — 08/12/2019 — A new business intelligence report released by HTF MI with title “Global Cryptocurrency and Blockchain Market Insights, Forecast to 2025” has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Cryptocurrency and Blockchain Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics sources and it comprises both qualitative and quantitative detailing. Some of the key players profiled in the study are Intel Corporation, Microsoft Corporation, NVIDIA Corporation, BitFury Group Limited, Alphapoint Corporation, Advanced Micro Devices, Xilinx, BitGo & Ripple.

What’s keeping Intel Corporation, Microsoft Corporation, NVIDIA Corporation, BitFury Group Limited, Alphapoint Corporation, Advanced Micro Devices, Xilinx, BitGo & Ripple Ahead in the Market? Benchmark yourself with the strategic moves and findings recently released by HTF MI

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Market Overview of Global Cryptocurrency and Blockchain

If you are involved in the Global Cryptocurrency and Blockchain industry or aim to be, then this study will provide you inclusive point of view. It’s vital you keep your market knowledge up to date segmented by Applications [Transaction, Investment & Others], Product Types [, Bitcoin, Ethereum, Ripple (XRP), Litecoin, Dashcoin & Others] and major players. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization according to your requirement.

This study mainly helps understand which market segments or Region or Country they should focus in coming years to channelize their efforts and investments to maximize growth and profitability. The report presents the market competitive landscape and a consistent in depth analysis of the major vendor/key players in the market.

Furthermore, the years considered for the study are as follows:

Historical year – 2013-2017

Base year – 2018

Forecast period** – 2018 to 2023 [** unless otherwise stated]

**Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product services of key players.

The titled segments and sub-section of the market are illuminated below:

The Study Explore the Product Types of Cryptocurrency and Blockchain Market: , Bitcoin, Ethereum, Ripple (XRP), Litecoin, Dashcoin & Others

Key Applications/end-users of Global Cryptocurrency and Blockchain Market: Transaction, Investment & Others

Top Players in the Market are: Intel Corporation, Microsoft Corporation, NVIDIA Corporation, BitFury Group Limited, Alphapoint Corporation, Advanced Micro Devices, Xilinx, BitGo & Ripple

Region Included are: United States, EU, Japan, China, India & Southeast Asia

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Important Features that are under offering & key highlights of the report:

– Detailed overview of Cryptocurrency and Blockchain market

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– Strategies of key players and product offerings

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– A neutral perspective towards Cryptocurrency and Blockchain market performance

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Read Detailed Index of full Research Study at @

Major Highlights of TOC:

Chapter One: Global Cryptocurrency and Blockchain Market Industry Overview

1.1 Cryptocurrency and Blockchain Industry

1.1.1 Overview

1.1.2 Products of Major Companies

1.2 Cryptocurrency and Blockchain Market Segment

1.2.1 Industry Chain

1.2.2 Consumer Distribution

1.3 Price & Cost Overview

Chapter Two: Global Cryptocurrency and Blockchain Market Demand

2.1 Segment Overview



2.1.3 Other

2.2 Global Cryptocurrency and Blockchain Market Size by Demand

2.3 Global Cryptocurrency and Blockchain Market Forecast by Demand

Chapter Three: Global Cryptocurrency and Blockchain Market by Type

3.1 By Type

3.1.1 TYPE 1

3.1.2 TYPE 2

3.2 Cryptocurrency and Blockchain Market Size by Type

3.3 Cryptocurrency and Blockchain Market Forecast by Type

Chapter Four: Major Region of Cryptocurrency and Blockchain Market

4.1 Global Cryptocurrency and Blockchain Sales

4.2 Global Cryptocurrency and Blockchain Revenue & market share

Chapter Five: Major Companies List

Chapter Six: Conclusion

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Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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Major South Korean Holding Company Will Use Ripple Tech for Donations Platform

Trade cryptocurrencies with up to a 100x multiplier on our partner exchange, BitMEX. The entire platform is planned to be released on top of a Ripple …

SK C&C, the holding company of South Korea’s third conglomerate the SK Group, plans to develop a donation platform on Ripple. A stablecoin will also be issued linked at a 1:1 ratio with the Korean won along with a utility token.

Local South Korean paper Chosun reports that SK C&C will be creating its own donation platform as a fork of Ripple. Although still in its planning phase, the head of the SK C&C, Lee Sun-min, told reporters that regulatory barriers still present a significant hurdle.

The holding company, which boasts some $2B in annual revenue, is still looking for a company to build the platform ecosystem. It is currently being dubbed “ChainZ” and will largely depend on its own stablecoin, called the Social Value Coin (SVC). The utility token, called Social Value Power (SVP), will reward those who contribute. For example, those who donate their SVCs will receive a fraction of that total in SVPs. The SVPs can then be used to buy items at merchants who accept the cryptocurrency.

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The entire platform is planned to be released on top of a Ripple fork, but it is still unclear if the crypto behemoth, who has some major deals upcoming, is involved.

SK C&C is the de facto holding company for SK Group, which boasted some $140B in revenue in 2012. It is currently the third-largest conglomerate in South Korea and boasts a strong revenue stream of over $2B with over 4,000 employees.

The donation platform will be nonetheless hard to implement in a country still recovering from the 2018 crash, which caused authorities to view cryptocurrencies in a negative light. As a result, most blockchain projects have been under strict surveillance in the country. Lee Sun-min did not give a definite timeline for when we can expect the donation platform to be launched for this reason alone.

Do you believe other projects could find themselves building on top of Ripple? Let us know your thoughts below.

Images courtesy of Shutterstock.

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As a trusted news outlet in the blockchain and cryptocurrency industry, BeInCrypto always strives for the highest journalistic standards and adheres to a strict set of editorial policies. BeInCrypto is an independent website with authors and management that may personally invest in cryptocurrencies or blockchain startups.

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