Forbes Published A Ranking Of The Wealthiest Americans, Is there Any Crypto-Related Person?

The end of the year is yet to come, thus it is time sum up how much the wealthiest Americans have earned. Forbes has published a rating of 400 the most well-off people in the USA. Let’s look if there are any crypto-related people.

The list starts with Jeff Bezos, Amazon’s chief, who is the first one to suppress $160 billion mark and the first one to outrun Bill Gates in 24 years. What is worth to mention, Amazon is somehow related to crypto world, not only had it tried to create its own blockchain, but also In March of this year, Amazon became interested in cooperation with Ripple.

Bill Gates took his second place with the states of $97 billion, while the famous investor Warren Buffet came in third. They both criticized Bitcoin many times, calling it “Rat Poison Squared”. If you want to find who else is not a fan of cryptocurrencies, check it here:

TOP Famous People Who Don’t Like Bitcoin

One of the biggest surprises of this list is Chris Larsen, the former CEO of Ripple. He took 383th place owning $2.1 billion. He owns around 5.19 billion XRP tokens and a big part of Ripple’s stakes. What’s interesting is that he is the first member of the 400 to make a fortune from cryptocurrency.

We want to remind you

Forbes Published 5 Main Blockchain Tendencies for 2018

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Monero Forked Successfully: Details of Upgrading

Hardly had the vulnerability been detected, when Monero forked victoriously. This happened yesterday, on October 18, without any big problem in the network at all. “Monero 0.13.0 “Beryllium Bullet” is the name of the release, which implemented bulletproofs inside the network’s protocol.

https://twitter.com/monero/status/1052939409392365568

The main advantage of bulletproofs is that users obtain more privacy hiding the amount of assets they send in transactions. But how to verify them? A special logarithmic math was implemented. Though, this feature is only available for huge-cap networks.

In addition, the protocol brought cheaper fees and faster transactions. To sum up, this upgrade enables Monero to remain best privacy coin.

We remind you

Binance Has Had a Number of Major Upgrades

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Cryptocurrency Prices Today, October 19: Cryptocurrencies Fell into the Red Zone

crypto prices

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the Coin360 online platform, Bitcoin (BTC) lost 1.44% over the past 24 hours. The price at the time of writing is $6448 per coin.

Cryptocurrencies are falling in price again:

Bitcoin Cash lost 3.53% over the past 24 hours and costs $434 per coin;

Ripple fell by 1.52% and is $0.46 in price;

EOS dropped by 2.10%, and its price is $5.30;

Litecoin decreased by 2.15%, and its rate is $52;

Cardano lost 3.32%, and its value is $0.074;

Stellar dropped by 3.34% and costs $0.23;

IOTA lost 3.53%, and its cost is $0.49;

Dash fell by 3.97%, and its price is $153;

Monero became cheaper by 2.41% and costs $103.

Over the past day Ethereum lost 2.37%. The cost of the coin is $202.

The total market capitalization is $207 billion. Bitcoin accounts for 54% of the total. In monetary terms, it is $112 billion.

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The U.S.-China Trading War Influences Cryptocurrency World, Bitmain Suffers Most

Not long ago, we discussed that Bitcoin was in danger, since Chinese authority was able to attack it any time. The US decided to keep up with opponents and stroke the crypto world of China, namely crypto asset industry.

These two countries are currently in a state of trading conflict, introducing tariffs on goods traded with each other. In June the USA changed the classification of ASIC miner, called Antminer S9, in a way that Chinese miners can be at a loss. That month the “electrical machinery apparatus”, the given category to the ASICs, had a 2.6% tariff.

Later in August, the tariff raised by 25 per cent. At the moment, Chinese mining producers deal with the fee of 27.6 per cent on their US shipments.This action has a colossal impact on Bitmain, the company based in Beijing and being the biggest Chinese mining hardware maker.

Bitmain tried to cope with the pressure by filing for a Hong Kong IPO. It could reportedly rise $3 billion. The company’s filing also mentioned the fact that about 62.8% revenue came from overseas in first half of 2018, though there was no comment on how many sales had come from the US.

The crisis came to Bitmain at a very bad time. IPO filing showed the company’s turnover dropped in second quarter of 2018 drastically, losing about $400 million in compare to $1.1 billion net profit in the first quarter.

One of the analysts, Mark Li, reckons the US tariffs aim at making Chinese hardware less competitive than opponent ones produced in other countries. He also added that Bitmain’s boardship is more aware of technology arms race, where the company is falling behind

The cold trading war between China and States can last for a long time, yet no one is sure how much loss or profit it can bring, we are only able to watch and wait. Now we want to remind you

Mining Complexity: What It Is and Where It Will Get

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Cryptocurrency Prices Today, October 18: The Coins Are on the Border of the Red and Green Zones

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the Coin360 online platform, Bitcoin (BTC) lost 0.38% over the past 24 hours. The price at the time of writing is $6541 per coin.

Cryptocurrencies demonstrate both negative and positive dynamics:

Bitcoin Cash lost 0.83% over the past 24 hours and costs $450 per coin;

Ripple fell by 1.52% and is $0.46 in value;

EOS dropped by 0.08%, and its price is $ 5.41;

Litecoin decreased by 0.30%, and its cost is $53;

Cardano added 0.98%, and its value is $0.076;

Stellar grew by 4.05% and costs $0.24;

IOTA gained 2.18%, and its rate is $0.51;

Dash lost 1.76%, and its price is $159;

Monero added 0.76% and costs $106.

Over the past 24 hours, Ethereum lost 0.90%. The cost of the coin is $207.

The total market capitalization is $210 billion. Bitcoin accounts for 53.7% of the total. In monetary terms, this is $113 billion.

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BTCC Opens Its HQ in South Korea

BTCC Opens Its HQ in South Korea (alien, space)

Crypto exchange BTCC decided to expand its services worldwide, launching its business in South Korea. The platform will set a beta-version on October 31 this year, and the debut appointed in November.

The exchange stated that it will provide not only the trading, buying/selling services, but also a possibility to create own a wallet, a mining pool and a consumer payments service. There is still no information about the coins listed on exchange.

A person, called Lee Jae-beom, will be a head of BTCC’s operations in Korea. He claimed that BTCC Korea planed to demonstrate a new vision of cryptocurrencies.

BTCC is a Chinese cryptocurrency exchange which was formerly expelled from mainland China due to inconsistency with the rules. Then it was moved to Hong Kong, where it support trading of five cryptocurrencies. We remind you

Bitcoin Is in Danger: Chinese Hegemony Over the Industry

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Dollar-Pegged Stablecoins Exceeded the Price Point of $1

Stablecoins (cosmonaut)

Although the main feature of stablecoins should be their unchanged price (namely, 1 unit of the currency they are backed up by), it seems like cryptocurrency is just not meant to stay stable.

Here is the chart of how much the major US-tied stablecoins are currently worth:


Source: CoinDesk

As we can see, all of the stablecoins went up the actual 1-dollar price limit, only Tether dropped a little bit.

Given the fact, that stablecoins are influenced by many factors, including volume in circulation, it seems like they will never be able to be fixed at one particular price. Thus, Roger Ver was right in his assumptions.  

We remind you:

Roger Ver: Stablecoins Aren’t Stable

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