TODAY :CRYPTOCURRENCY TOP GAINERS

Biggest Gainers*

• 1h
• 24h
• 7d

#	Name	Symbol	Volume (24h)	Price	% 24h
1	Dinastycoin	DCY	$474,001	$0.002651	96.30%
2	CryptoEscudo	CESC	$87,123	$0.000517	89.41%
3	Pioneer Coin	PCOIN	$198,459	$0.594326	51.61%
4	Huobi Token	HT	$184,307,000	$2.33	47.68%
5	Jiyo	JIYO	$80,902	$0.031357	37.86%
6	Game.com	GTC	$3,760,550	$0.099520	28.97%
7	ZClassic	ZCL	$29,915,400	$136.84	27.10%
8	MktCoin	MLM	$509,201	$0.034563	22.47%
9	Kayicoin	KAYI	$77,269	$0.001923	21.27%
10	Project Decorum	PDC	$52,792	$0.103118	20.81%
11	Revain	R	$32,223,900	$3.37	20.74%
12	THEKEY	TKY	$5,120,250	$0.033649	20.56%
13	CampusCoin	CMPCO	$57,570	$0.012178	19.48%
14	Eidoo	EDO	$7,502,940	$2.55	18.92%
15	ChainLink	LINK	$25,966,200	$0.576667	18.05%
16	ACChain	ACC	$3,012,400	$1.66	17.45%
17	ICOS	ICOS	$281,651	$30.83	17.42%
18	Change	CAG	$1,175,720	$0.319238	16.84%
19	BitcoinX	BCX	$1,385,920	$0.009779	16.31%
20	Cream	CRM	$588,915	$0.057631	15.88%
21	Mintcoin	MINT	$384,739	$0.000865	15.15%
22	Ethereum Classic	ETC	$1,074,700,000	$33.50	14.52%
23	SportyCo	SPF	$1,161,050	$0.258303	11.88%
24	Vcash	XVC	$73,996	$0.676769	11.22%
25	Unity Ingot	UNY	$2,528,540	$0.079780	11.20%
26	Breakout Stake	BRX	$57,575	$1.24	10.71%
27	Snovio	SNOV	$671,407	$0.053656	10.68%
28	Yocoin	YOC	$122,051	$0.044986	10.67%
29	Content and AD Network	CAN	$338,545	$0.039610	10.60%
30	Hydro Protocol	HOT	$401,150	$0.107763	10.56%

It's not bitcoin or ethereum: This digital currency rose 3,977% in the first half of 2017

• Ripple's XRP token finished the second quarter priced at $0.263, up 3,977 percent higher year-to-date
• The digital currency is currently listed on 30 exchanges
• The San Francisco-based start-up said there were $30 million worth of XRP transactions in the second quarter of 2017

    

Ripple, a San Francisco-based digital currency start-up, recorded $30 million worth of transactions in the second quarter of 2017 as 25 new exchanges listed its token, XRP.

XRP finished the quarter priced at $0.263, up by 1,159 percent from the previous quarter and 3,977 percent higher year-to-date. It is currently listed on 30 exchanges.

The currency from the five-year-old company boasts the third-largest market capitalization in the space — behind bitcoin and ether.

XRP, unlike Ethereum and Bitcoin, is owned largely by Ripple. The company has released plans in May to structure the sale of its currency, and that announcement was instrumental to driving up interest in the second quarter, according to Miguel Vias, Ripple's head of XRP markets.

"With respect to XRP, we are incredibly focused on international payments, I think we are probably the only digital asset that has a clear use case with respect to what we are trying to do with the asset," he said.

As for the future, Vias hinted that new announcements may be forthcoming.

"With respect to growth and outreach, we will continue to partner with digital asset exchanges for listings and mostly importantly ... it is really all about payments and in this quarter, you will see some very interesting developments with respect to our partnership in payments, with respect to XRP in particular," Vias told CNBC.

Despite volatility in the cryptocurrency market and some analysts expressing concern about a potential split in bitcoin, Vias said he is optimistic about the future for both Ripple and its competitors.

"What we have seen is an embracing of digital assets broadly by really established institutions. When you have folks like the [Bank of England], which did a [proof of concept] with us, as well as the Bank of Japan coming out and saying, we are considering this as legal tender at some point — when you see those developments, you can't help but feel that we are on the right path, that interest is going to continue to grow," Vias said.

By Rohini Nambiar

Source: https://goo.gl/x8q2xt

Ethereum briefly crashed from $319 to 10 cents

• Ethereum briefly suffered a flash crash on the GDAX exchange on Wednesday.
• The price fell from around $319 to 10 cents in a matter of seconds.
• Many ethereum traders lost large sums of money.
• The cryptocurrency later rebounded.

The price of ethereum crashed as low as 10 cents from around $319 in about a second on the GDAX cryptocurrency exchange on Wednesday, a move that is being blamed on a "multimillion dollar market sell" order.

Ethereum is an alternative digital currency to bitcoin and had been trading as high as $352 on Wednesday. It has since rebounded from its flash-crash lows to trade to about $325 on the GDAX exchange. According to industry and price tracking website Coinmarketcap, which takes into account the price on several exchanges, ethereum was trading around $338.

Adam White, the vice president of GDAX which is run by U.S. firm Coinbase, posted on the exchange's blog, outlining what took place at around 12:30 p.m. PT on Wednesday. According to White, the multimillion dollar market sell order resulted in a number of orders being filled from $317.81 to $224.48.

As the price continued to fall, another 800 stop loss orders and margin funding liquidations caused ethereum to trade as low as 10 cents.

A stop loss order is a trade that is executed automatically once a security — in this case ethereum — hits a particular price. Margin funding is essentially trading with borrowed funds. Liquidation is when these positions are closed automatically in order to prevent further losses. The knock-on selling effect caused the flash crash on GDAX.

The chart below is a screenshot of the GDAX price showing the high and low price.

GDAX

Many on social media criticized GDAX and alleged there was some sort of illegal activity taking place. GDAX denied this.

"Our initial investigations show no indication of wrongdoing or account takeovers. We understand this event can be frustrating for our customers. Our matching engine operated as intended throughout this event and trading with advanced features like margin always carries inherent risk," White said in a blog post.

"We are continuing to conduct a thorough investigation and will keep customers updated with any resulting actions."

White also noted that these trades are final and will not be reversed. The exchange temporarily halted trading of ethereum on Wednesday before restoring the system shortly after.

As well as the issues on GDAX, investor demand at the funding launch for an ethereum-based messaging app called Status clogged the ethereum network, an industry insider told CNBC.

User makes $1 million off $380?

Ethereum traders were outraged by the crash blaming GDAX for not having proper controls, and even accusing whoever put the sell order in of market manipulation.