Current Bitcoin Price: $6996 (as of 8:00 AM PST)
The cryptocurrency market has experienced a mild recovery after yesterday’s correction. Bitcoin, which accounts for more than half of the market’s total capitalization, is up 1% in value. Only one top-20 coin has lost value over the last 24 hours, and that’s ZCash, which is down just under 3%.
A good handful of well-known coins are treading water, though, including Ethereum, Ripple, and Tezos — which have veered in value no more than 0.1% over the last day.
Top Bitcoin & Crypto News Stories for 31st August 2018
The world’s largest file-sharing network is undoubtedly BitTorrent — and it’s one of the most significant internet utilities over all. In 2008, Bitcoin founder Satoshi Nakamoto even wrote that “for transferable proof of work tokens to have value, they must have monetary value. To have monetary value, they must be transferred within a very large network – for example a file trading network akin to bittorrent.”
What was once a hypothetical quote will now become a reality, as BitTorrent has unveiled their Project Atlas, which rewards users who contribute to the file-sharing network with cryptocurrency. Interestingly, it’s a close collaboration with the TRON project.
Changpeng Zhao is the owner of Binance, one of the space’s most influential exchanges, and happens to run a very active Twitter page by the name of @cz_binance.
CZ_Binance recently published a tweet saying “I have a feeling this bull run will be a pretty significant one”, before shortly deleting the post. It’s unclear what the reason for this is, but some speculate he simply doesn’t want to be held accountable if the market proves contrary.
Growth in the cryptocurrency space is very commonly associated with increasing prices. While the two are mostly linked, this bear market has still shown a surprising amount of progress when it comes to blockchain development.
This is evidenced by a continuing-boom of blockchain jobs in Asia, which are up 50% from 2017 despite the huge market crash at the start of this year.