It was a relatively quiet week for the crypto market. Bitcoin was up by 1% and Ether dropped 14% during the week.
The opposite direction of Bitcoin and Ether was due to Bitcoin reaching a resolution about scaling the coin. The uncertainty about Bitcoin was removed, causing capital to flow back into Bitcoin from other cryptocurrencies, including Ether.
Winner of the week – Etheroll (DICE) (+125% during last 7 days)
- DICE was added on the HitBTC exchange
Loser of the week – Swarm City (SWT) (-37% during last 7 days)
- There was a lot of hype following the Broadwalk release 2 weeks ago. Now the hype died down a little and price reverted back to the pre-release range.
- A quick video on the Broadwalk release demo:
Developments in the Cryptocurrency World
Bitcoin resolution reached: http://www.coindesk.com/bitcoin-scaling-upgrade-finally-happen-fail/
Status ICO jammed up the entire Ethereum network for a day: http://www.newsbtc.com/2017/06/21/ethereum-network-congested-exchanges-forced-disable-eth-wallets/
Vitalik’s proposal to scale the Ethereum network to prevent something like the congestion during Status ICO happening again: https://github.com/ethereum/EIPs/issues/648
GDAX flash crash – ETH price down to as low as $0.1: https://blog.gdax.com/eth-usd-trading-update-5d8142b5bdc1
2 days later, GDAX offered to credit customers who suffered a loss because of margin call or stop loss orders during the flash crash: https://blog.gdax.com/eth-usd-trading-update-2-216a3b946ef6
Articles From Crush Crypto
Analysis of TenX ICO: https://crushcrypto.com/analysis-of-tenx-ico/
Analysis of Santiment ICO: https://crushcrypto.com/analysis-of-santiment-ico/
Analysis of Tezos ICO: https://crushcrypto.com/analysis-of-tezos-ico/