Cryptocurrency

Grayscale and in-app payments are litecoin and XRP in the top of the week

Key facts:

FINRA approves that Grayscale marketed trusts of litecoin and bitcoin and cash.

Launched beta version of Payburner, payment platform P2P based on XRP.

During the week of 25 to 31 July, the market cryptocurrencies recorded a significant growth. The increases that are observed in the vast majority of the altcoins are up to 30%.

Bitcoin tops the boiling that is observed in the market in recent days and from the past July 27, their growth is substantial. In these seven days, the price of BTC went up on average by 18.7%.

The value ranged between 9,000 and little more than 11,000 dollars, according to the statistics of Live Coin Watch. Bitcoin breaks the threshold of the $ 9,000 that remained for several months. The progress relates to the ads that companies such as PayPal, Visa and Mastecard are working with cryptocurrencies.

Ether also has a major step up, which exceeds the 23%. The price began to rise from the 25 of July. The maximum is observed on the 31st day, when it comes to 345 dollars. This July 30, the blockchain of Ethereum turned 5 years old, while the co-founder of the platform, Vitalik Buterin, warns about the dangers of investing in the yield farming, the segment most popular of the DeFi.

Other cryptocurrencies relevant market are also on the rise. Ethereum classic (ETC) goes up more than 16%, XRP from Ripple exceeds the 24% and litecoin (LTC) grows by more than 30%. With these values, the three are located in the top of these seven days.

The cryptocurrencies most appreciated this week are headed by litecoin (LTC) and XRP from Ripple. Follow EOS, bitcoin cash (BCH), and ethereum classic (BCH).

FINRA approves to Grayscale to negotiate publicly litecoin

In these seven days, the growth of the price of litecoin is 30,58%. The criptomoneda you experience a major step up from the 27 of July. The advance, which brought the price to a peak of USD 58,32, became notorious after the Regulatory Authority of the Financial Industry of the united States (FINRA) approved the signature fund manager of cryptocurrencies, Grayscale Investments, to market trust cash of Litecoin and Bitcoin and Cash.

It is trust open, which will allow investors to have exposure to the movement of the two cryptocurrencies through an investment vehicle traditional. Through a press release, Grayscale publicly provided investments in both crypto assets: Grayscale Litecoin Trust (LTCN), and Grayscale Bitcoin Cash Trust (BCHG).

Meanwhile, the Foundation Litecoin requests community donations to the continuity of the project that leads the developer Grin, David Burkett, to increase the privacy of LTC. Burkett works in the implementation of Libmw, an extension of MimbleWimble for Litecoin. The market cap of LTC is estimated at USD 3.818 million. The volume of trade is USD 900 million.

The Foundation Litecoin asks for more donations to advance the project of privacy with MimbleWimble. Source: Live Coin Watch.

Ripple implements the beta testing of the new payments platform

The director of Product at Ripple, Craig DeWitt, revealed the launch of the beta version of Payburner, a payment platform P2P based on XRP. Through a publication in a Medium of 25 July, the trustees noted that the new blockchain allows you to make instant payments and global peer-to-peer.

The report of DeWitt coincides with the date on which the price of XRP started an ascent gradual, which took its value to $ 0,254 this July 31. In these seven days, the growth was 24.6%. Payburner will use XRP as a token native. The platform is integrated with the universal identifier of payment PayID. Includes a feature to purchase with 1-click and for e-commerce.

For now, Payburner only works with the navigators Brave and Chrome. The addition of other browsers and apps for iOS/Android will be coming soon. To this date, the market cap of XRP is $ 11.512 million. The volume of trade in the last 24 hours has been around for 656 million dollars.

The new payments platform Ripple only works in browsers Brave and Chrome. Source: Live Coin Watch.

Blockchain EOS drives project of blood donation

The team of EOS Costa Rica currently working on the development of the application Lifebank, a solution based on the blockchain of EOS, which offers incentives for blood donations. The goal is to help solve the worldwide shortage of blood caused by the coronavirus. The project was winner in the hackatón “Coding for Chang”, organized in June by the Block.one, the team behind the ecosystem EOSIO.

In the framework of the promotion of Lifebank, the criptomoneda native to the ecosystem, EOS, recorded an average growth of 19% in the last seven days. The increase became noticeable between the 29 and 30 July, when the criptomoneda reached a maximum of 3.17 dollars, at the time that it became known that the application competes for an investment of $ 100,000 from the Innovation Fund, UNICEF.

Through the blockchain EOSIO, Lifebank connects blood donors eligible, registered a viable candidate and verifies data. At the time of writing this note, the market capitalization of EOS around USD 2.921 million, with a volume of daily trade of USD 779,2 million.

The application Lifebank runs on the blockchain of EOS and help to solve global shortages of blood for the coronavirus. Source: Live Coin Watch.

Bitcoin Cash will be negotiated in Grayscale and organizes conference

In the fourth place in the top of the most appreciated is bitcoin cash. The value of the criptomoneda moved between 242 and 303 dollars. The rise in the price of a BCH -like litecoin – it seems to be related to the fact that one of the most important companies in the institutional sector, Grayscale, will the two cryptocurrencies available to the trading public, through the trusts of cryptocurrencies of the company.

The two actions (LTCN and BCHG) will be available in over the counter markets. The community of BCH is also preparing for the event “BCH: scaling the Globe”, the 1st of August. The online conference addresses issues of scalability and mass adoption of cryptocurrencies. It is attended by some 70 speakers.

The advance in the price of BCH are made notorious from the 28th of July. The average growth was 18%. At the close of this report, market capitalization is USD 5.562 million, with a daily volume of USD 743,4 million.

Next to litecoin, bitcoin cash will form part of the institutional offer of Grayscale for investors. Source: Live Coin Watch.

New service integrates applications of Ethereum Classic and Ethereum

In the midst of a rise in weekly average of 16%, ethereum classic (ETC) occupies the fifth place in the top of cryptocurrencies. The growth occurs in the middle of the announcement that the service API managed the company’s blockchain Scroll Connect, added support for Ethereum and Ethereum Classic.

Thanks to this new service, developers will be able to connect and integrate applications in the two chains of blocks, as explained in a press release of Ethereum Classic Lab. In the meantime, ETC passed quoted in USD 6,40 at the beginning of the week, to be worth USD 7,40 at the time of drafting of this note.

“Without the need to manage the infrastructure, developers can get started quickly with the networks and test networks main Ethereum and Ethereum Classic,” the publication of this July 30. At the time of writing, the market capitalization of ETC is USD 861,9 million and the trade in the last 24 hours is USD 861,9 million.

The company Caps Connect added support for Ethereum and Ethereum Classic. Source: Live Coin Watch.

About the author

Belinda Carey

Belinda Carey

A finance girl by education, Belinda has been drawn to cryptocurrencies ever since Bitcoin first emerged in the 2009. Nearly a decade later, Belinda is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies.

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