Bitcoin fell bellow 2100$

The most of the popular cryptocurrencies are losing their prices
15 July 2017   1742
Blockchain

Distributed database that is used to maintain a continuously growing list of records, called blocks.

On the night of Saturday, July 15, the price of the first cryptocurrency fell below $ 2100, continuing the general downward trend for several weeks already.

According to Coinmarketcap, at 04:00 UTC the weighted average bitcoin rate was $ 2,099.03. On a number of exchanges, even lower thresholds were fixed: $ 2,069 for Bitstamp, $ 2053 for Bitfinex, $ 2050 for BTC-e.

Thus, over the past 24h, bitcoin has lost more than 12% in value, while the last time at such levels it was traded at the end of May.

Bitcoin Charts
Bitcoin Charts

The decrease in the price of the first cryptocurrency is taking place against the background of the approaching key dates on July 31 and August 1. The continuing uncertainty regarding the scaling up of the network. Some analysts warn of a high probability of further depreciation, calling the possible support level of $ 1,900.

Bitcoin

First decentralized peer-to-peer payment network.

At the time of publication, the weighted average bitcoin rate was $ 2069 with a capitalization of $ 34.037 billion.

It should also be noted that, following bitcoin, most other cryptocurrencies are losing their prices too.

Top cryptocurrencies rates
Top cryptocurrencies rates

As you can see on the charts, also all of the popular cryptocurrencies lost more than 10%, and IOTA lost almost 25%.

 

Wyoming Passed Bill Exempting Utility Tokens from Securities Laws

The Wyoming House of Representatives has unanimously approved a bill exempting utility tokens from securities laws  
20 February 2018   78

On Monday, House Bill (HB) 70 passed the House 60 to 0 and will now head to the Senate. The bill exempts utility tokens from securities laws. This will attracts ICO’s launches to the state and will make the state a favorable environment for blockchain startups.

According to the bill, the utility token must meet three conditions:

  1. The token’s issuer must not market it as an investment;

  2. The token must be exchangeable for goods and services, for example, startups must have a working product or service at the time the tokens are issued;

  3. The token’s issuer must not actively make efforts to create a secondary market for the token by entering into a repurchase agreement or agreeing to locate buyers for the token.

It is important to note that there are four more cryptocurrency and blockchain-related bills currently moving through the Wyoming legislature.

HB 19 passed the House of Representatives on Monday and is now awaiting introduction in the Senate. The bill exempts cryptocurrency from the state’s money transmitter act.

HB 101 has passed its second reading in the House and, if it passes its final hearing, will then go to the Senate. This bill will allow companies to create and use blockchains for the purpose of storing records and conducting inter-office communication.

HB 126 has just passed its second reading in the House. It will allow the creation of series LLCs.

Senate File (SF) 111 passed a vote to introduce on Friday and is now headed to a committee hearing. This bill will exempt cryptocurrency assets from state property taxes.