Market Update 8.22.18 – WeChat blocks multiple cryptographic accounts

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WeChat blocks multiple cryptographic accounts

WeChat, the Chinese social media platform developed by Tencent that boasts 1 billion users, has reported blocking several Blockchain and cryptocurrency accounts.

According to local news sources, a WeChat executive stated that some of the public accounts had been blocked due to suspicions of publishing ICO (Initial Coin Offerings) and cryptocurrency hyping trading. Both of these activities are in violation of the terms and conditions of the messaging service. Therefore, official orders were issued to permanently block these accounts and their contents.

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United States Senate Ask about Blockchain and Cryptos

Members of the US Senate Committee of the Energy and Natural Resources Department have raised questions about the cost of crypto mining and the opportunities of Blockchain in the public sector during an audition. This audition, like others related to nascent technology, presented speakers from both the public and private sectors and served as an educational session for members of the Senate who were not familiar with Blockchain and cryptocurrencies.

What made this hearing different from the previous ones was the lack of acrimony during the session. This time, the Energy Commission senators focused on how Blockchain could be used for various public sector projects.

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DST Global denies investments in Pre-IPO of Bitmain

official statement of the email, DST Global has confirmed that it has not invested in the pre-IPO of Bitmain (Initial Public Offering). Previously it was reported that the investment firm had invested $ 400 million pre-IPO funds financed by the manufacturer of encrypted hardware. A managing partner of DST Global, John Lindfors, has officially confirmed that he has never invested in Bitmain.

This news follows another important industry, Uber's biggest investor, Softbank, who had never invested in Bitmain. On 18 August, a company spokesperson issued an official statement that neither SoftBank Group Corp. nor the SoftBank Vision Fund had invested in the IPO of the giant of encrypted hardware production.

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Embed by Getty Images [19659016] Total capitalization: August 22

The volume of trade in the cryptocurrency market is $ 11.87 billion and has a market capitalization of $ 219.67 billion in today's trade.

Bitcoin price analysis: August 22

Bitcoin token price increased by 5.98%, currently trading for $ 6713.07. The market capitalization of the digital currency is $ 115.75 and its trading volume is $ 4.06 billion

Price analysis of Ethereum: August 22

The price of Ethereum went up by 5.78% at its current price of $ 292.74. The volume of trade in the digital currency is $ 1.35 billion and its market value is $ 29.76 billion

Top 10 Cryptocurrencies: August 22 [19659003] Among the top ten cryptocurrencies, nine earned a price, with the sole exception of Tether, which fell 0.37%. The biggest gains are EOS, up 8.75%, Bitcoin Cash, which gained 7.34% and Stellar, which gained 7.21%. Also the price of Bitcoin has gained 5.98%, closing on the value of $ 7k.

  • Bitcoin rose 5.98% to trade at $ 6713.07. The valuation of the digital coin market is $ 115.75 billion.
  • Ethereum jumped 5.87% to trade at $ 292.74. The valuation of the digital coin market is $ 29.76 billion
  • . Ripple rose 6.96% to $ 0.344678. The valuation of the digital coin market is $ 13.57 billion
  • . Bitcoin Cash rose 7.34% to $ 558.91. The valuation of the digital coin market is $ 9.67 billion.
  • EOS rose by 8.75% to $ 5.20. The valuation of the digital coin market is $ 4.70 billion.
  • Stellar rose 7.21% to $ 0.233254. The valuation of the digital currency market is $ 4.37 billion.
  • Litecoin rose by 6.98% to $ 58.44. The valuation of the digital coin market is $ 3.36 billion.
  • Tether lost 0.37% to $ 0.999586. The valuation of the digital coin market is $ 2.82 billion.
  • Cardano rose 5.32% to trade at $ 0.098243. The valuation of the digital coin market is $ 2.54 billion
  • Monero rose 3.83% to $ 96.92. The valuation of the digital coin market is $ 1.58 billion.

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