Cryptocurrency news today 29 Aug


Cryptocurrency news today 29 Aug

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 29 August, the market continues to grow: all of the top ten Coinmarketcap is trading in the green zone. In recent days the clear leader of growth was the cryptocurrency EOS, which added more than 17%. 8% increase in the rate of the IOTA, at the 5% Cardano. Ether, litecoin and bitcoin, the cache is growing at 2-3%, the rest of the top cryptocurrencies, including bitcoin, has gained a modest 0.5 to 1%.

One of the most popular and influential supporters of Bitcoin Cash, cryptoanalyst and entrepreneur Roger Ver in an interview with CNBC talked about his investment portfolio, and also shared his thoughts about the prospects of bitcoin cache. Ver sure that the potential Bitcoin Cash isn’t revealed, after all, cryptocurrency is more than 10 times inferior to the original capitalization of bitcoin, while it is the best version (according to entrepreneur). While Roger has in its investment portfolio and BTC, as diversification is one of the main principles of successful investing. Bitcoin Cash is a priority asset in the portfolio of Faith, but found the place and the air and Dash, and zcash for Monero.

The maker of litecoin Charlie Lee said in an interview with CNBC, all the same, that is not going to buy LTC even despite the fact that the course of bitcoin has declined markedly since Charlie sold all his coins. The “father” of litecoin is willing to give up a lucrative deal in order to avoid conflict of interest: working on development of Litecoin, he doesn’t have a goal to earn more on the speculation. Earlier in the address Charlie Lee has been a lot of criticism, right down to the accusations that litecoin is a financial Scam, pyramid, and If he does in time “jumped,” selling off your LTC at the peak prices. Charlie himself, though, and denies all allegations of fraud, admitted that selling was really not the best solution, as it triggered a sharp depreciation and capitalization of litecoin.

One of the founders of the mining-farm-Atlantic Crypto Brian Ventura conducted a small study which showed that mining of the ether remains profitable even in places with not very cheap electricity. According to the calculations of Ventura, the average American miner spent on creating one ETH of electricity by about $ 150. Even now, in a period of strong decline, the air is about two times more. In the world of missing regions in which the energy is several times cheaper (in particular, China, where I plan to move many American miners). Even if the initiative to reduce the reward for generating a block from 3 to 2 ETH will be supported at the next meeting of the delegates of the network of air, miners will still be a significant plus.

Reddit co-founder Alexis Ohanian in an interview with Yahoo Finance said that, despite accusations of excessive volatility, some cryptocurrency more stable and more reliable than many national currencies. For example, in Turkey, after the economic crisis caused by the increase in duties on exports of Turkish products to America, a considerable part of the population chose bitcoin Lira as a savings asset. And just yesterday it became known that Venezuelans are buying cryptocurrency Dash (against the background of hyperinflation of the national currency, the Bolivar). Ohanyan believes that the growth in the popularity of cryptocurrencies and the number of users is much more important than the price fluctuations at cryptomeria.

A Wall Street Journal reporter and cryptoexpert Paul Vigna said fears SEC USA for cryptocurrency justified, and fully supports the Commission’s failure a number of financial organizations to launch a bitcoin ETF. Vina argues that, contrary to the concept of full transparency cryptocurrency transactions occurring on cryptomeria, completely hidden from both users and regulators. Thus, the cryptocurrency tools become an object for manipulation, and the SEC, like other regulators, need to make every effort to protect users from such risky assets.

Morgan Creek Bitwise Digital Assets and Asset Management has announced the launch of a major investment Fund formed exclusively cryptocurrency assets. Almost 70% of the Fund’s assets accounted for by bitcoin, but was there a place for the ether, litecoin, EOS, and several other popular coins. But Ripple, Stellar and Cardano in the list is not entered, the cryptocurrency was determined not to conform to some basic requirements of the Fund, like decentralization or the ability of cold storage tokens.

Mining giant and well-known manufacturer of equipment, the company Bitmain has announced the release of new hardware for mining cryptocurrencies – Antminer S9 Hydro. Also Bitmain has introduced a new “antrotomy” series R1 for mining Dash and Siacoin. The cost of the latter will be only $ 30, and, besides mining, they can be used as Wi-Fi routers.

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

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