Cryptocurrencies, led by Bitcoin, are in the red Tuesday morning as the bullish sentiment waned and more than $10 billion were wiped out from the market capitalization. Bitcoin is now firmly below $8,000.
As of 10.11 am ET, cryptocurrency market capitalization was $279.48 billion on CoinMarketCap.
Here is a wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.
Major US Investors Think Bitcoin Is Very Risky
Only 2 percent of major U.S. investors have invested in Bitcoin, according to a survey conducted by Gallup and Wells Fargo. The poll surveyed nearly 2,000 investors who have put more than $10,000 in stocks, bonds and mutual funds. Read more…
Perfectial To Start Accepting Crypto Payments
Custom software developer Perfectial will start accepting cryptocurrencies such as Bitcoin as a payment option for its services. The company will accept the three main cryptocurrencies – Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) as payment options. Read more…
Crypto Mining CEO Reportedly Flees With $35 Mln
A Vietnamese cryptocurrency mining startup’s chief executive officer has allegedly disappeared with $35 million in investor, company funds, reports said. According to Vietnamese news outlet VnExpress, Le Minh Tam, the head of Sky Mining, which rents crypto mining machines, has been missing since July 26. Read more…
Gibraltar Football Club To Pay Players In Cryptocurrency
Gibraltar United Football Club is going to pay its players in cryptocurrency. Football teams have previously embraced cryptocurrency and blockchain technology, but Gibraltar United F.C. will be the world’s first football team to introduce cryptocurrency as payment for players.
As of 10.20 am ET, Bitcoin was down 4.84 percent at $7,748.33 and Ethereum was lower by 6.24 percent at $431.38 on Coinbase.
Read more at: RTT News