Cryptocurrency

The Dump of Cryptocurrency Continues in the Market

The price of Stellar Lumens is going high, and the price touched $0.094898, and a resumed a low at $0.087412, and the volume was marked as $251,437,101.  The intra-day profit yesterday was at 6.49%.

The price of Ripple went up by 4% in just 24 hours. Ripple in the past month has committed $50 million in Capital to Money Gram, thus expanding to South Korea deepening the influence of Ripple. Money gram will be using Ripple to “instantly settle funds from US dollars to destination currencies on a 24/7 basis.”

IOTA has been exhibiting a decent price hike over the past five days. The value of IOTA increased by 18.58% The trend is very bullish with a clear ascending channel. The divergence in the MACD signal increased buying positions.

The intra-day trading of NEO showed a Roller coaster ride. Neo is evolving and growing. NEO 3.0 will come up with several exciting changes, including changes like (Delegated Byzantine Fault Tolerance) DBFT 2.0 introduction, improving the usage of smart contract, enabling faster transactions throughput, etc.  The listed changes are slated to be out in 2020.

The price of Cardano went up by 8% in just 24 hours. “The upward move of Cardano’s market cap was at $1.64186B, or 0.56% of the total cryptocurrency market cap.” However, Cardano is now down by 95.27% from its all-time high, which was $1.35 on January 4, 2018.

The Chinese legal court declared Bitcoin to be a legal virtual property.

Dovey Wan Tweeted:  “Today the first property dispute case on Bitcoin finalized trial in a local Chinese court. The court confirmed the “virtual property” attribute of Bitcoin, recognized it as a virtual property with value.

Previously, Shenzhen Arbitration Commission, 2018 stated, that crypto-assets are to be protected under Chinese regulations regarding property ownership.

The ruling was made at the Hangzhou Internet Court, a couple of years ago.  This court was established in August 2017, mainly focused on handling internet-related cases in China.  The characteristics of Bitcoin resemble a virtual property, and therefore owning Bitcoin is legal in China.

The first of its kind Zcash friendly fork is set to launch. Ycash, according to a team member will “restore a goal — mining on commodity hardware — that appears to have been largely abandoned on the Zcash blockchain.”

Bitso is into cross-border payments. This will, in turn, help banks and other organizations disrupt illegalities.    The dump of cryptocurrency continues in the market.

Richard Newman

Richard is the Editor-in-chief of Bitcoin Journal. He has over 10 years of experience with the news industry mainly handling the editorial cycle.

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