Top cryptocoins fall

What stands behind fall of top cryptocurrencies? Let's try to figure out
18 October 2017   2672

According to a CoinMarketCap, all top ten cryptocurrencies (except NEO) showing big price drop.

Top ten cryptocurrencies price chart
Top ten cryptocurrencies price chart

As you can see on the chart above, Bitcoin lost more than 7%, Ethereum - more than 8%, Ripple - more than 13%, Litecoin - more than 10%

As always on the cryptocurrency market, there can be billions of reasons to any price change. But some analytics connects this price drop with The 19th National Congress of the Chinese Communist Party (CCP). Despite the recent exchange and ICO ban, China is still big cryptomarket. 

The first news from Beijing, however, concerns this sphere so far only indirectly. As reported by CNBC, in China, a popular messenger WhatsApp was blocked. Also, there are failures in the work of other social platforms, including WeChat. WeChat is especially popular among Chinese crypto investors.

In the meantime, the TASS agency reports that in the next five years the Chinese leadership will intensify the work on creating a "clean and bright" global network space and, in the end, will provide comprehensive control over it. Such a statement at the opening of the congress was made by Chairman of the People's Republic of China Xi Jinping.

According to him, special attention will be paid to delineating the areas of responsibility of the competent authorities for the appearance on the Internet of one or another informant.

Trust Wallet to Add BTC & Bech32 Support

At the moment, this option is available to users of iOS devices, support for Android will be added in the next 2-3 weeks
10 December 2018   106

Binance owned and ERC-20 standard tokens oriented Trust Wallet, announced the start of Bitcoin support (BTC).

As stated in the company's blog post, Trust Wallet has become compatible with the SegWit protocol, allowing to send and receive funds to Bech32 native addresses (bc1).

At the moment, this option is available to users of iOS devices, support for Android will be added in the next 2-3 weeks.

Earlier Trust Wallet announced the start of support for TRON (TRX) tokens. The wallet also supports GoChain (GO), POA Network (POA), Ethereum Classic (ETC), Wanchain (WAN) and VeChain (VET).

Recall Binance announced the purchase of Trust Wallet in July this year. The wallet is expected to become part of the upcoming release of the decentralized trading platform Binance.