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
PayPal embodies the old approach to digital cash: it’s fiat cash that’s “sent” from user to user before being withdrawn or spent.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.
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.
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!