• Markets report bitcoin price
    Alt coins,  Bitcoin,  Ethereum

    Markets Report: Bitcoin realized cap all-time high contrasts altcoin comeback

    Market cap and realized cap produce a tale of two Bitcoins as a returns battle with Ether and other altcoins intensifies

    Bitcoin has seen its share of the cryptocurrency market fall by almost 5% in just two weeks as the altcoin boom continues. According to data from CoinMarketCap, as of August 5, the largest cryptocurrency had a market cap share of 60.5%—its lowest since June 2019.

  • Square CashApp dollar-cost averaging
    Bitcoin

    Square’s Cash App adds small investor-friendly bitcoin buying feature

    Jack Dorsey’s payments app now supports dollar-cost averaging, a small investor friendly, long-term investment strategy in which a set amount of Bitcoin is bought on a regular schedule

    Square founder Jack Dorsey is aiming to make it easier for small investors to buy bitcoin in CashApp by setting up regular daily, weekly, or biweekly purchases at a set dollar amount.

  • crypto’s use as currency is growing
    Cryptocurrencies,  Technology

    Although ranked last for trustworthiness, crypto’s use as currency is growing

    60% of those polled are currently using cryptocurrencies for day-to-day purchases or plan to do so within a year, according to an Economist Intelligence Unit survey

    Although nearly 40% cryptocurrencies face an uphill struggle against distrust to be crowned as its anointed successor.

  • ConsenSys cut 14% of staff
    Ethereum

    ConsenSys cut 14% of staff today, blaming the COVID-19 pandemic

    Another round of layoffs hit 90 people at Joe Lubin’s Ethereum venture studio, two months after similar cuts related to a reorganization

    Two months after ConsenSys cut 14% of staff in a round of layoffs, the axe has struck once again at Joe Lubin’s Brooklyn-based Ethereum venture studio. On April 20, the company announced another 14% reduction in headcount, this time attributed to the coronavirus pandemic downturn. That’s about 90 people. “Like most of its peers, ConsenSys is seeing extraordinary uncertainty in the market, with businesses rebalancing priorities and reevaluating timelines,” a spokesperson told Modern Consensus via email. “In such an environment, we must make changes to conserve resources and ensure our continued ability to support our customers, drive innovation, and serve the broader ecosystem.”  Adding that “no particular areas that were…