It was yet another shaky week for cryptocurrencies as bitcoin shattered the $10,000 psychological support level, hitting a fresh two-week low of $8,500 before settling just above $9,000. The drop, which affected almost every currency, was precipitated by a string of potentially negative news including alleged hacking events at two major exchanges and news that the SEC will require crypto exchanges to register with the agency.
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Here’s everything you missed as we head into the weekend:
News of the Week
Top Gainers of the Week
% represents 7-day change at 5 PM on Friday. This list does not include pump-and-dumps or dead projects. Graphs show 1-month time frame or longest available time frame under a month for reference.
Description: CREDITS is an open blockchain platform with autonomous smart contracts and the internal cryptocurrency.
Description: Smartlands is a unique platform for integration real economy with blockchain technology
Description: Cryptocurrency backed by real economic activity which is the production of Ultra-capacitors within actual factory settings.
Description: Provides cryptocurrency liquidity for brokers, stock exchanges,
hedge funds and other institutional clients
Ormeus Coin (22.56%)
Description: Ormeus Coin is a new digital money system backed by a fully-audited USD250 Million industrial crypto mining operation.
Description: Low volatility cryptocurrency that will swap a meaning of payments systems
Description: KICKICO is a platform for safe and easy fundraising for ICO, pre-ICO, crowdfunding and crowd investing
Description: FLO is a script-based coin with quick transaction processing that introduces a useful new feature called “transaction comments.”
Description: End-to-end encrypted, distributed object storage, where only you have access to your data. Powered by blockchain payments.
Visit us again next Friday to check out which coins make the list of top gainers.
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Disclaimer: The author(s) of this article may have a position in one or more of the securities mentioned above. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.