Current Bitcoin Price: $6471 (as of 8:00 AM PST)
The cryptocurrency market had been performing okay this weekend; however, with the start of the week, Bitcoin has dumped more than 3% of its value, with most of the top-100 cryptocurrencies following suit.
Only two of the top-20 cryptocurrencies are trading green today: Dash, which is up 2.08%, and Tezos, which is up 3.49%. Coming in at #20 by market cap, VeChain happens to be down more than 7.5% today, on the contrary.
Top Bitcoin & Crypto News Stories for 17th September 2018
Cryptocurrencies like Bitcoin are often viewed as direct competitors to the status quo of monetary exchange, which is why you might have heard of coins being pitted against PayPal or Visa.
A Tweet published yesterday has noted how Bitcoin now processes more transactions (by value) than Visa: over $2.4 trillion of BTC have been sent this year, as compared to Visa’s $1.3 trillion annual transactions.
Ripple is the third most popular cryptocurrency by market capitalization. It was created in 2012 and has since then seen the fame of the number two throne on the market cap charts. More importantly, its focused on facilitating international transactions for larger financial institutions, like banks.
As of earlier today, an executive at Ripple has hinted to CNBC that they could release a new commercial product as early as next month.
EOS is similar to Ethereum in that it offers more than just a store of value or means of transaction; instead, it’s a fully-fledged platform for running decentralized applications. Unfortunately, it’s received a lot of heat for security concerns and its unique governance model.
Recently, a blockchain content ecosystem called Trybe issued users up to four times more tokens than they should have. The solution? They simply plucked those coins back out of their accounts…