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Crypto News Flash: Bitcoin, Ethereum, Ripple, Tron, VeChain, Ethereum Classic

August 07, 2018

From Bitcoin’s market share to a big partnership at VeChain, here’s a look at some of the stories happening in the world of crypto.

Bitcoin (BTC)

Fundstrat analyst Tom Lee says Bitcoin is gradually regaining market share, which should comfort hodlers of the top cryptocurrency by market cap.

“The news that we have seen from the SEC saying Bitcoin’s a commodity, to the potential for an ETF is causing investors to decide that Bitcoin is the best house in a tough market,” Lee told CNBC’s Fast Money.

Ethereum (ETH)

The creators of a new decentralized exchange protocol say it will allow traders to short positions for Ethereum and ERC20 tokens.

The startup is called dYdX, and recently earned $2 million in seed money from Andreessen Horowitz, Polychain and Coinbase CEO Brian Armstrong, among others.

VeChain (VET)

VeChain has partnered with Japan’s biggest telecommunications company, NTT Docomo.

The VeChainThor blockchain will be used to securely track and verify NTT Docomo’s smartphones as they move through the supply chain.

VeChain is chosen for the NTT Docomo 5G Partner Program.https://t.co/ke9T0wxBhe

— vechain (@vechainofficial) August 5, 2018

Ethereum Classic (ETC)

Ethereum Classic has been added to the popular commission-free trading app Robinhood.

You can now invest in Ethereum Classic on Robinhood Crypto, commission-free. https://t.co/PAidMUpbYq

— Robinhood (@RobinhoodApp) August 6, 2018

Ripple and XRP

Ripple has released episode three of its new video series called The Ripple Drop. In this episode, Ripple covers an update on its upcoming Swell 2018 conference and takes a look at its new offices in New York.

Tron has released its weekly report outlining what’s happening with the platform, including the beta release of its virtual machine and its future plans for BitTorrent.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.