BTC NOW AT $650
The current Bitcoin price still remains around the $600 range as it closed at $650 yesterday, while ETH closed at $13.9. The rise in value of the bitcoin may be as a result of speculation that the bitcoin could gain more value after an investment firm led by two former JPMorgan traders published a note speculating that the EU referendum in the UK could lead to the ultimate decline of the euro, thus boosting the value of the digital currency. Observers believe the non-governmental digital currency showcased its advantages as a hedge in times of uncertainty in more traditional markets, after it rose from a $550 slump when the EU referendum was signed by Britain...
BREXIT EFFECT
From coindesk.com the effect of brexit will only show in the decrease UK's influence on digital currencies, due to the uncertainty that will surround the economic stability of the country, this means that other countries will take over control from Britain for now, while their issues are being sorted out. This may also mean uncertainty for bitcoin prices for now until Britain's hold diminishes.
DAO HACK
From coindesk.com, there is news that the ethereum community is inching closer to blacklisting funds taken from The DAO. Software patches were released late last week that, if accepted by a majority of miners, would place a hold on funds siphoned from The DAO earlier this month. Specifically, the patch would make it so that miners running the new software won’t be able to accept transactions from blacklisted addresses affiliated with the troubled fund.
24HR TOP GAINERS
New Economy Movement (XEM), Nautilus Coin (NAUT), and Digibyte have gained considerably in the last 24hours. XEM is now valued at $0.0103 with a positive percentage change of 52.91, While NAUT is now valued at $0.219 with a Positive percentage change of 66.18.
Both XEM and NAUT have been dong very well on trading platforms and look set to close the month on a high.
News Source: Coindesk.com and coinmarketcap.com
The current Bitcoin price still remains around the $600 range as it closed at $650 yesterday, while ETH closed at $13.9. The rise in value of the bitcoin may be as a result of speculation that the bitcoin could gain more value after an investment firm led by two former JPMorgan traders published a note speculating that the EU referendum in the UK could lead to the ultimate decline of the euro, thus boosting the value of the digital currency. Observers believe the non-governmental digital currency showcased its advantages as a hedge in times of uncertainty in more traditional markets, after it rose from a $550 slump when the EU referendum was signed by Britain...
BREXIT EFFECT
From coindesk.com the effect of brexit will only show in the decrease UK's influence on digital currencies, due to the uncertainty that will surround the economic stability of the country, this means that other countries will take over control from Britain for now, while their issues are being sorted out. This may also mean uncertainty for bitcoin prices for now until Britain's hold diminishes.
DAO HACK
From coindesk.com, there is news that the ethereum community is inching closer to blacklisting funds taken from The DAO. Software patches were released late last week that, if accepted by a majority of miners, would place a hold on funds siphoned from The DAO earlier this month. Specifically, the patch would make it so that miners running the new software won’t be able to accept transactions from blacklisted addresses affiliated with the troubled fund.
24HR TOP GAINERS
New Economy Movement (XEM), Nautilus Coin (NAUT), and Digibyte have gained considerably in the last 24hours. XEM is now valued at $0.0103 with a positive percentage change of 52.91, While NAUT is now valued at $0.219 with a Positive percentage change of 66.18.
Both XEM and NAUT have been dong very well on trading platforms and look set to close the month on a high.
News Source: Coindesk.com and coinmarketcap.com
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