Top cryptocurrencies fall

Bitcoin, Ethereum, Ripple , Litecoin and other top cryptocurrencies lose their positions 
11 July 2017   2886
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. 

SK Group to Invest $10M in ConsenSys

SK Group chairman and the 3rd most wealthy man in country believes digital technologies will play an important role in the further development of the company
03 July 2019   270

SK Group has invested $ 10 million in leading Ethereum-based solutions developer ConsenSys. This is reported by the local news agency Chosun.

As noted, in his today's speech at the technology event in Seoul, the chairman of the board of SK Group and the owner of the third largest fortune ($ 3.4 billion) in South Korea Chey Tae-won expressed his interest in the blockchain technology and the tokenized economy, expressing also the opinion about the need for digitalization of approaches practiced by traditional businesses.

According to him, digital technologies will play an important role in the further development of the SK Group.

It is also reported that in February of this year, the telecommunications division of the conglomerate SK Telecom entered into a partnership agreement with Deutsche Telekom to create a blockchain solution for customer identification.

In April of this year, the media passed information that ConsenSys is going to attract $ 200 million in funding from outside investors with a market valuation of $ 1 billion. To this end, the company began distributing presentation materials to Chinese investors. They say that ConsenSys expects to receive $ 50 million in revenue this year, mainly due to contracts with corporate clients and government agencies.