The stupendous rise that the cryptocurrency market witnessed over the past few days seems to have come to a halt after the prices started dropping again. Popular cryptocurrencies like XRP, Bitcoin Cash [BCH] and Tron [TRX] all saw price drops, a sign of the market volatility during the period christened by cryptocurrency enthusiasts as ‘crypto-winter’.
At the time of writing, Bitcoin Cash [BCH], the fourth largest cryptocurrency in the market, was dropping by 4.85% with a market cap of $10.230 billion. BCH was trading for $586.40 with a 24-hour market volume of $962.617 million. The cryptocurrency, whose upcoming hard fork has created a buzz in the cryptoverse, had undergone a massive spike of 42% over the past seven days.
A majority of Bitcoin Cash’s volume was held by OKEx, with a total grasp of $106.549 million. OKEx was closely followed by DigiFinex where $85.476 million of the total BCH trade took place. The BCH hard fork was also put under the spotlight when Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that Roger Ver was involved in Bitcoin Cash just for the ‘tokens’ and not for anything else.
Another cryptocurrency that was buckling under the market volatility was Tron [TRX], sliding at the rate of 3.06%. The cryptocurrency was trading for $0.0235 with a total market cap of $1.547 billion. A major portion of Tron’s 24-hour market volume was held by Bithumb, on which $43.552 million worth of Tron transactions took place. Bitthumb was closely followed by Binance, the Changpeng Zhao led cryptocurrency exchange enjoying an $8.175 million grasp on the total trade volume.
Tron made news recently when the Tron Foundation announced a new bug bounty program on the famous Hackerone. The Foundation aimed to propagate their mission towards mainstream adoption by offering $10,000 as a reward for finding critical issues.
The critical issues stated by Tron covers bugs that can take control of network nodes that can be operated from remote locations. The Foundation has also promised rewards worth $6000 for uncovering other issues pertaining to Denial of Services on P2P networks.
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Facebook’s Libra hit by more accusations, Balaji Srinivasan on BTC investment and more
Crypto News – 24 June – Facebook’s Libra hit by more accusations, Balaji Srinivasan on BTC investment and more
— AMBCrypto (@CryptoAmb) June 24, 2019
Crypto News – 24 June
Erik Voorhees on Bitcoin: According to the CEO of Shapeshift, Bitcoin’s relative traceability has allowed governments to become comfortable with it
Read more at https://bit.ly/2WVviJW
Max Keiser on gold’s ‘resurgence:‘ Max Keiser made news after he stated that Bitcoin’s growing popularity as a competing store of value and millennials were responsible for gold resurfacing in the conversation about store of value assets
Read more at https://bit.ly/2Xve2zp
Tron back in the top 10: A month after CEO Justin Sun promised to get Tron back in the top 10 of the world’s largest cryptocurrencies, TRX surged by over 6% to achieve the same by overtaking Cardano
Read more at https://bit.ly/31TXekX
Bank of International Settlements on Libra: While talking about Facebook’s Libra, BIS’s report attested to the need for sound public policy, financial regulation, competition regulation, and data privacy regulation
Read more at https://bit.ly/2Fsoptu
Bitcoin short futures position on the rise: According to a Twitter user, 70% of all Bitcoin short futures position are taken by four traders
Read more at https://bit.ly/31Om4CQ
LocalBitcoins’ Russian Ruble trading charts: According to CoinDance, the weekly LocalBitcoins chart revealed that the Russian Ruble [RUB] recorded towering volumes, even after the June 1 cash-exodus announcement
Read more at https://bit.ly/2JgRWYz
Howard Chu on Monero: According to the Founder of Symas Corp., Monero was “outstripping” other projects in the space which have larger budgets, in light of the new features added to Monero
Read more at https://bit.ly/2Y8IsEQ
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