Blockchain News 08.08.2018

Lightning Network expands to 3000 nodes, capacity approaches 100 BTC

Lightning Network continues its rapid expansion as it passes 3000 nodes on the mainnet network. Data from monitoring resource 1ml.com confirms that Lightning Network’s capacity has increased 85% in the past 30 days, bringing mainnet Lightning’s total funds to 97 BTC ($628,000).

Lightning had originally debuted around the start of 2018 in its mainnet form, with growth accelerating through Q2. In May 2018, capacity had remained relatively low at just 18 BTC, before a dramatic increase began in July 2018.


Study by Yale economist says all portfolios should hold Bitcoin

According to Professor Aleh Tsyvinski, Bitcoin should be an integral part of a portfolio, regardless of whether someone is enthusiastic about the cryptocurrency or not. For the optimal construction of one’s portfolio, the economist says Bitcoin should account for at least 6%. Those who are less enthusiastic about the world’s most popular cryptocurrency, should hold 4%. Regardless of someone’s position on the matter, Bitcoin should comprise a minimum of 1% of a portfolio, for diversification purposes.

The study titled, Risks and Returns of Cryptocurrencies, also outlines a uniquely positive feature of cryptocurrencies when compared to traditional stocks and bonds. Using Sharpe’s ratio, Tsyvinski demonstrated that digital currencies show higher potential for return, despite their increased volatility. Also, the study concluded that momentum and investor attention are key drivers of price.


Kraken Daily Market Report for 07.08.2018

BTC
$6,922
↓0.20%
$62.5M
ETH
$389.7
↓3.46%
$23M
ETC
$17.31
↓4.84%
$16.5M
XRP
$0.3963
↓5.35%
$4.36M
EOS
$6.77
↓3.01%
$2.23M
BCH
$683.71
↓0.65%
$2.1M
XLM
$0.2350
↑1.36%
$1.35M
ZEC
$182.8
↓0.03%
$1.14M
XMR
$112.83
↓0.93%
$977,944
LTC
$71.13
↓3.09%
$930,758
USDT
$1.00
↓0.03%
$881,057
MLN
$13.42
↓21.3%
$536,954
DASH
$199.7
↓0.26%
$410,363
REP
$27.64
↓1.14%
$300,611
ICN
$0.584
↓3.32%
$95,691
GNO
$43.5
↓1.72%
$23,917

KRAKEN DIGITAL ASSET EXCHANGE
$117M traded across all markets today
Crypto, EUR, USD, JPY, CAD, GBP


Blockchain News 08.08.2018

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