Latest cryptocurrency news and prices, 1 August 2019

Cryptocurrency News
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Bitcoin (BTC) has seen another price gain in the past 24 hours and is trading at $9,948 at the time of writing. The top 10 altcoin markets have recorded gains with the exception of XRP, Bitcoin Cash, Bitcoin SV and Stellar. Here are your latest cryptocurrency news and prices.

Bitcoin (BTC) now has 85% of its supply in circulation as of August 1, leaving just 3.15 million new coins for the next 120 years.  According to data from monitoring resource Blockchain, Thursday saw Bitcoin miners extract the 17,850,000th unit as part of the transaction validation process. 

As a result, due to the number of coins awarded to miners per block decreasing over time, the remaining supply will only be unlocked in the year 2140. Bitcoin has a total fixed supply of 21 million units.

  (Trading at $9,948.31 at 14:00 1 August 2019) 

Latest Ethereum (ETH) news and prices

Yesterday, ethereum celebrated its fourth birthday.

Four years ago, on July 30, 2015, the world’s first general-purpose blockchain platform went live. Called ethereum, the platform was the first of its kind to feature a Turing-complete virtual machine and native programming language able to deploy code of any algorithmic complexity.

“Before ethereum, developers had to design and write extremely complex software,” blockchain researcher Mihailo Bjelic told CoinDesk. “Ethereum introduced a generic programmable layer which abstracted this whole process and enabled developers to build decentralized applications by only writing their applications’ core logic.”

(Trading at $213.48 at 14:00 1 August 2019) 

Latest Ripple (XRP) news and prices

Ripple’s coin is oscillating in a tight range.

XRP/USD bulls need to clear $0.3200 to gain the upside momentum.

Ripple’s XRP stays calm, even as the rest of the market has started moving. The third-largest digital asset with the current market value of $13.6 billion has stayed mostly unchanged both on a day-on-day basis and since the beginning of Thursday, capped bu a strong resistance at $0.3200.

At the time of writing, XRP/USD is changing hands at $0.3140 amid decreasing volatility and short-term bearish sentiments.

(Trading at $0.314018 at 14:00 1 August 2019) 

Litecoin (LTC) news and prices

Litecoin price gained bullish momentum and climbed above the $92.00 and $95.00 resistance levels. LTC price even tested the $100.00 resistance and it is currently correcting gains. On the downside, the previous resistances near $95.00 and $92.00 are likely to act as strong supports in the near term.

(Trading at $96.38 at 14:00 1 August 2019) 

Bitcoin Cash (BCH) news and prices

Fervent supporters of the Bitcoin Cash blockchain will be gathering together today to celebrate August 1, 2017, the day the BTC chain split into two. The reason BCH exists is due to the fact that a large group of bitcoiners, crypto company executives, early adopters, and developers believed the Bitcoin Core (BTC) development team strangled scaling. The arguments began years ago when the chain’s block size started to fill up and more users utilized on-chain settlement. Core developers decided to remain stubborn and keep the block size at 1MB and in 2017, the debate escalated when tens of thousands of transactions were congested in the network backlog and transaction fees grew astronomical. Before the implementation of Segregated Witness on the BTC network, pools of SHA-256 miners hard forked at 2:14 p.m. EST on August 1, 2017.

(Trading at $321.61 at 14:00 1 August 2019) 

Binance Coin (BNB) news and prices

The bulls are attempting a recovery in Binance Coin (BNB). It will face resistance at the 20-day EMA, which is close to the uptrend line. If bulls scale this level and sustain it, a move to the 50-day SMA is possible. Failure of bears to capitalize on the breakdown of the uptrend line shows strong demand at lower levels.

(Trading at $28.05 at 14:00 1 August 2019) 

Tether (USDT) news and prices

Tether is controversial for many reasons, but it continues to dominate stable coin markets, and traders of large sums appear to appreciate the coin’s liquidity and presence on many exchanges.

Shakhnazarova said her office is one of many in Moscow conducting these types of trades. “There are a lot of OTCs here in Moscow City, a bunch of offices in every building, and the volumes for them all can reach several dozens of millions of dollars a day. It’s all paid for in cash,” she said.

(Trading at $1.00 at 14:00 1 August 2019) 

EOS news and prices

EOS is getting consideration from numerous Cryptocurrency devotees while exchanging the ‘purchasing’ zone. New users are eager to build a superior portfolio with EOS in bearish zone starting at now. The resistance and support zone determined underneath might assist them with a more secure choice.

(Trading at $4.27 at 14:00 1 August 2019) 

Bitcoin SV (BSV) news and prices

There’s no shortage of anti-Bitcoin SV (BSV) propaganda spreading FUD (fear, uncertainty and doubt) about reorgs and orphans. But in reality, these features of BSV are far from the bogeymen they are made out to be.

Reorgs and orphans have been the subject of countless scare stories in recent weeks, some suggesting BSV is “faulty” or that user funds could be at risk. But increasingly, users are being advised not to believe the FUD.

(Trading at $143.14 at 14:00 1 August 2019) 

Stellar (XLM) news and prices

Stellar is a decentralised and open-sourced blockchain platform which operates fiat money and digital currency transfers. The platform has been designed to allow cross-border transactions between any pair of currencies smoothly and efficiently.

Stellar was founded by the founded by a co-founder of Ripple, a popular blockchain company, which operates the cryptocurrency, XRP. Aptly, its basic mission is very similar to Ripple which is also a fiat currency transfer system, it is not targeting industrial-level cross-border payments such as those done by banks and financial institutions across the world. Instead, Stellar aims to improve the speed and cost of currency transfers on an individual level, for the general population.

(Trading at $0.082594 at 14:00 1 August 2019)