Cryptocurrency news today 25 July


Cryptocurrency news today 25 July

Team presents to your attention our regular column – “the news of the cryptocurrency today”. Recall that in this column we publish news, which influence on the exchange rate of the cryptocurrency of the TOP 100 by market capitalization according to Coinmarketcap.

On Wednesday, the movement in the stock market slowed, and most of the cryptocurrencies with the top of the heap Coinmarketcap traded in flat. Halted the growth of bitcoin – the day the first cryptocurrency shows zero dynamics. Stronger than all rose the cryptocurrency EOS (+2.5%) and lost more than all of Bitcoin Cash (-2,5%). Cardano capitalization decreased by 2%, other cryptocurrencies traded in the range of 1% to -1%.

Experts of the Committee on economy and Finance of the European Union conducted a study of the factors that can destroy cryptocurrencies, and issued a report. In the opinion of the Committee of experts, the most probable threat to the cryptocurrency industry may be the failure of financial institutions (banks and brokers) to cooperate with cryptomeria and similar services that would deprive users of the possibility to exchange cryptocurrency for Fiat. Also among the threats to the study’s authors believe that the banks (government and commercial) can issue their own cryptocurrencies, and their advantages in the eyes of users, outweigh the fact that Bank currency will be centralized. In addition, the researchers identified a lack of competition in the field of mining, which can make centralized existing cryptocurrencies, initially focused on decentralization.

In the first quarter of this year sales of XRP decreased by 54% compared to the same period last year, according to the official report of the Ripple. However, the customer base of a startup continues to grow, and the overall dynamics of the cryptocurrency correlated with the rest of the market.
Recently about support for XRP announced British platform online banking Wirex. The service will allow you to exchange cryptocurrency Ripple for Fiat, and convert more than 50 other digital coins. The official Ripple wallet XMR Wallet recently passed an independent audit of the American New Alchemy. In addition, the service team updated the functionality of crypto.

And Tezos Foundation ordered an audit, a large company PricewaterhouseCoopers (PwC). The Swiss subsidiary of PwC will analyze the financial condition cryptostroma, as well as mechanisms for conducting transactions. PwC for more than six months working in kriptonyte, and recently acquired a large share in KryptoStorage VeChain.

Company engaged in cryptobatrachus and supports the same name services wallets, BitGo announced support for the cryptocurrency zcash for. Users multisig wallet and cold storage of digital money. Now listing 57 BitGo is a cryptocurrency, to the end of the year, this number could grow to 100.

Platform Waves has released an official client application. According to company representatives, Waves-the client will provide users with “stable, flexible and ergonomic”. Also, significant updates have been carried out on a decentralized marketplace DEX Waves. Was improves stability of crypto currency exchange, added night mode and search function.

Cryptocurrency trading is now available in payment services Skrill. Users are able to exchange bitcoin, litecoin, and bitcoin live cache of more than 40 Fiat money directly in your wallet. The new service is supported in most countries however customers from Russia and USA this feature is not available yet.

Yesterday, the first in the history of the EFP transaction to exchange bitcoin futures on physical assets. The deal was made between the platform ED&F Man Capital Markets and crypto currency exchange itBit through the Chicago Mercantile exchange (CME). According to the head itBit Floor of Cevadine, new opportunities for institutional investors will help to solve many actual problems of the stock market.

Stay tuned not to miss any important event from the world of cryptocurrency!

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