Daily crypto: Bitcoin below $7,000 and Coinbase approaches ethereum classic

Daily crypto: Bitcoin below $7,000 and Coinbase approaches ethereum classic.

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Christian Ploog

christian.ploog@trijo.co

There are still red numbers among the biggest cryptocurrencies and Mt. Gox's creditors have announced a final repayment scheme.

Mt. Gox was once the world’s biggest bitcoin exchange before it was hacked in 2014 and 850,000 bitcoin, worth more than $450 million at the time, disappeared. The company went bankrupt. Since then, they have attempted to pay back to all the users who lost money in the hacking.

The company’s creditors have now announced a final repayment scheme. It could amount to a sum of $1.3 billion that will be repaid in bitcoin and bitcoin cash as early as next summer, Bitcoin News reports.

Coinbase approaches ethereum classic

The American cryptocurrency exchange Coinbase has announced on its blog that it is in the final stage of testing the support for the cryptocurrency ethereum classic.

“We expect final testing to be completed by Tuesday, August 7, at which point we will announce that we’re ready to accept inbound transfers of ETC. We intend to allow 24–48 hours of inbound transfers through Coinbase Pro and Coinbase Prime before enabling trading”, Coinbase writes on their official blog.

Bitcoin below $7,000

There are still red numbers among the biggest cryptocurrencies. On Saturday, the price of bitcoin (-2,72%) fell below $7,000.

Bitcoin cash (-1,45%) has also lost value in the past 24 hours.

The cryptocurrencies on top 100 that performed the best were empowr coin (+42,54%) and komodo (+6,88%), and the ones that performed the worst were dentacoin (-9,64%) and cryptonex (-7,97%), according to Coinmarketcap.

Asset: Price: % (24h)
Bitcoin $6 985,71 -2,72%
Ethereum $406,20 -0,39%
Xrp $0,428594 -0,89%
Bitcoin cash $693,77 -1,45%
Eos $7,00 +0,06%

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