Top cryptocurrencies fall

Bitcoin, Ethereum, Ripple , Litecoin and other top cryptocurrencies lose their positions 
11 July 2017   1098
Blockchain

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

Top 15 cryptocurrencies are rapidly losing their positions.

Cryptocurrencies chartCryptocurrencies chart

Bitcoin

First decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen

Only Bitcoin is holding "well" - it lost only about 7%. Ethereum, Ripple, NEM, IOTA, Monero, EOS, Zcash, Waves and AntShares lost more than 20% in only 24 hours. 

Only few hours ago, a lot of cryptocurrency enthusiasts thought that there "will be big move" of Bitcoin.

Bitcoin was between $2,400 and $2,800 since June 16, a considerably less volatile period to that which preceded it, according to data from Coinmarketcap.

Ethereum

Open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements 

Fall of Ethereum can be caused by it's rapidly increased difficulty. One of the reasons of this anomaly is new "ice-age bomb". It is down by 25% in the week, reached $186. 

Additionally, experts expect new big "spikes" in the nearest future due to SegWit launch at 1st of August. 

Regulation Expert: Ether and Ripple convinced Securities

Gary Gensler, former Obama administration financial regulator, supposes ether and ripple appear as unregistered securities, and in present violation of the law
24 April 2018   60

His words bring a substantial weight in the broader financial community. They also come after enterprise capitalists and lawyers put in ether projects met secretly with the US Securities and Exchange Commission (SEC) to head off such provision. the representatives for both coins insist they’re not securities. 

Former Obama CFTC head Gary Gensler is speaking about cryptocurrencies in the framework of his appointment to the Massachusetts Institute of Technology (MIT). He is thinking upon the crypto’s future relatively to regulation.

He’s concentrated on two of the most popular cryptocurrencies - ether and ripple, as potentially in future supposed to become securities. Should that happen, many experts consider it would herald the drop of both ones. Securities regulation imposes a host of legal burdens upon registrants, and costs to comply are often prohibitive and onerous. 

2018 is going to be a very interesting time. Over 1,000 previously issued initial coin offerings, and over 100 exchanges that offer I.C.O.s, are going to need to sort out how to come into compliance with U.S. securities law. 
Gary Gensler, former chairman, Commodity Futures Trading Commission

He believes that Bitcoin and other resemble currencies are decentralized to such an extent as to not trigger regulation. But that’s not so obvious in the cases of ether and ripple, both of which Mr. Gensler insists are in  breach of securities law.