81 out of 100 top cryptocurrencies fall within 24 hours

The general decrease of major cryptocoins is spotted
25 October 2017   2547

As at October 25 of 2017, only 19 cryptocurrencies out of Top 100 Market Cap list faced an increase during past 24 hours, whereas the other 81 dropped.  

Graphs of cryptocurrencies market change list

The largest cryptocurreciens such as Bitcoin, Ethereum and Ripple didn't avoid general decrease tendency. Bitcoin fell by 2.27%, Ethereum by 4.10% and Ripple by 4.34%.

Coin charts decrease peerplays verge salus

The coin which dropped lowest is Peerplays, falling down by 17.35% and reaching thе price of $3.71. It is followed by Verge and Neblio coins whose price decreased by 15.02% and 12.67% respectively.

Coins rise chart smartcash potcoin iocoin

The most positive development was noticed regarding SmartCash coin which rose by 94.18% in the last 24 hours and is now traded at a price of $0,131. SmartCash is followed by PotCoin having risen by 47.53% and I/O Coin with an increase of 31.67%.

Facebook to Launch GlobalCoin in 2020, BCC Says

Facebook consults with representatives of the US Treasury Department and Bank of England  about regulating the initiative named Libra
24 May 2019   43

Operator of the world's largest social network Facebook Inc. will launch a new payment network based on its own cryptocurrency in the “dozen countries” in the first quarter of 2020, the BBC reports.

The publication claims that Facebook consults with representatives of the US Treasury Department and Bank of England Governor Mark Carney about regulating the initiative, code-named Libra.

At the same time, the Financial Times reported that Facebook is already in talks about listing GlobalCoin on the American exchanges Gemini and Coinbase. 

Sources of the publication said that Facebook is discussing with the trading firms Jump and DRW the prospects of market-making and liquidity.

Previously, the media claimed that the company is also in talks to support the initiative with Western Union, Visa and Mastercard.

Testing the network is supposedly scheduled for the third quarter of this year.

On May 2, Facebook registered Libra Networks in Geneva, Switzerland. Its profile involves the development of infrastructure and software, in particular, related to investment activities, payment transactions, financing, identity management, data analysis, Big Data, blockchain and other technologies.