Current Bitcoin Price: $6872 (as of 10:00 AM PST)
There’s a widespread correction in the market today: all but six of the top-100 cryptocurrencies are down — the majority at least 3%. As usual, Bitcoin has held its value particularly well, falling just 2%, while EOS and Tezos have performed similarly.
Other industry favorites, such as Ethereum, Ripple, and Stellar are down more than 4%. For whatever reasons, Dogecoin happens to be up 27%.
Top Bitcoin & Crypto News Stories for 30th August 2018
Bitcoin transactions surpass PayPal
PayPal embodies the old approach to digital cash: it’s fiat cash that’s “sent” from user to user before being withdrawn or spent. There’s no doubt that cryptocurrencies like Bitcoin pose a threat to PayPal and other such companies.
What may have been a bad dream for the PayPal team is now a reality, as Bitcoin is now used to exchange more money per year than PayPal.
NASDAQ to list coins in 2019
Hardcore crypto fanatics want nothing to do with conventional finance, but realists in the community know that a Bitcoin ETF or cryptocurrency listings on popular stock exchange is nothing but good news for adoption.
The NASDAQ stock exchange has recently announced their interest in cryptocurrencies — and more recently they’ve announced forecasts to list cryptocurrencies on the exchange by quarter 2 of 2019.
10% of ICO funds stolen by hackers
ICOs have a bad reputation for being led by shady businessmen who want to make a quick buck from unsuspecting investors, but it’s not just the founders at fault.
A story on the nature of crypto scams and how to avoid them reveals that 10% of ICO funds between 2015 and 2017 were stolen by hackers — so invest safe!