Amidst Horrid Week for Cryptocurrencies, Bitcoin Strengthens its #1 Position

Amidst Horrid Week for Cryptocurrencies, Bitcoin Strengthens its #1 Position

It was a horrible week for cryptocurrencies. Terrible. Just awful. All major cryptocurrencies suffered great losses and the entire crypto market shed dozens of billions of dollars in total. And within all this decentralized carnage, Bitcoin managed to reinforce its position as the undisputed cryptocurrency king. Let’s review how a few of the most prominent cryptocurrencies have performed this week (August 5-12). Ethereum (ETH)trade, the second largest cryptocurrency by market capitalization, has plunged from around…

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China’s June Ranking of Crypto: EOS First, Bitcoin Seventeenth

China’s June Ranking of Crypto: EOS First, Bitcoin Seventeenth

The relationship between the Chinese government and crypto is complicated. While China does not allow trading cryptocurrencies, it does not stop it from ranking the different digital coins. And this crypto-ranking is incredibly intriguing in itself… The monthly ranking is conducted by China’s Center for Information Industry Development (CCID), which answers directly to the state’s Ministry of Industry and Information Technology, so it is important to note that it is not clean of politicization. The…

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