At the time of writing (6.30am BST) the #crypto market overall cap sits at just under $256B.

There is a mixed bag of small gains and losses across the top ten coins with majority trading sideways. #Bitcoin (#BTC) is hovering at just under $8000. #Ethereum (#ETH) is just over $248 after a 1% gain.

The big winner in the last 24 hours continues to be #Litecoin (#LTC) which has added nearly 9% in the last 24 hours to over $138.

Since the beginning of 2019 Litecoin has rallied 355%, reports Forbes today. Etoro's Mati Greenspan recently stated that: "Litecoin has been a leader throughout this recent bullrun." 

Litecoin up over 355% since start of 29019. Image by videoblocks.

As we approach the halving around August 8th, when the block reward will be reduced by 50% from 25 LTC to 12.5 LTC, many feel like Litecoin will be heading higher, with some quoting prices much higher than the 2017 all time high of over $375, some even claiming a potential to see 2019 out with Litecoin at $1000.

Traditionally previous Litecoin (and other coin) halvings have led to higher prices due to the greater scarcity of coins to be mined. Charles Hayter, cofounder and CEO of digital currency data platform CryptoCompare, described the upcoming halving as a "price catalyst."

“Never underestimate the power of a block halving. It is the most fundamentally sound event in Crypto history." 2012/2016 for BTC, and 2015/2019 for LTC,”
Sasha Fleyshman, Trader, Arca

#Cardano has seen nearly 5% gain in the last 24 hours and is trading at $.89 All eyes are on the much delayed but announced deployment of the Shelley protocol. A lot of people are saying the success of Cardano (#ada) depends on the success of this deployment. A new road map was recently announced. Will it be able to crack the $.10 resistance it has been struggling to break through?

The Cardano Foundation on Monday announced the appointment of Bakyt Azimkanov as the director of global PR, communications, and marketing as it plans to widen its reach on a global scale, reports Finance Magnates

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Disclaimer. The author owns some cryptocurrencies , including some of those discussed in this article.

  • Ashley Pugh

Leading #Crypto news site #CCN is closing down after the latest #Google core update and states: 'Google’s June 2019 Core Update rolled out on June 3rd 2019 and CCN’s traffic from Google searches dropped more than 71% on mobile overnight.'

Their revenue reportedly dropped 90% after the update. The question is whether this ia a crackdown by Google on Crypto generally or a wider issue.

It seems although all major crypto focused sites have been hit by Google’s June 2019 Core Update (For example Coin Telegraph's mobile traffic has also dropped 21% since the update ) , other sites that are not cryptocurrency related have also experienced a startlingly similar impact.

CCN issued this statement:

'While we do understand that Google needs to update their search algorithm from time to time, we cannot comprehend why they are allowed to enforce such drastic changes that have such dramatic consequences for so many news sites over the course of a very limited time – 24 hours, without any explanation or warnings to media organizations like ours. While they did announce the update, they did not disclose any information of what the core update would do.

I am personally calling media organizations across the world to fight this hideous practice by Google, that basically can, with a snap of its fingers, decide who will thrive and who will die within a matter of minutes. Google controls the world’s news consumption. They claim to be pro-journalism. They have a News Initiative that states:

Google claims to build a stronger future for journalism, one where journalists, editors, and news organizations can supposedly thrive with Google’s frequent and opaque core search updates.

While in fact, they are creating an environment where journalists, editors, and news organizations don’t know if they will be around after the next Google Core Update.'

We at New Kids On The Blockchain see this as a great shame and wish the team the very best in their future endeavours after bringing us many years of quality #cryptonews.

  • Ashley Pugh

The #crypto market has continued to pull back over the last couple of days and now sits at just under $245B.

Image C/O :

#Bitcoin ( #BTC) is now sitting just over $7675, after pulling back from recent highs. Are we still in an uptrend , despite this recent pullback?

There has been further selling pressure on #Ethereum (#ETH) , which has fallen just under 4% to $234 after reaching recent highs of $250. Will it now fall back to $200 or below ? Some analysts claim we are heading for a significant pullback.

#Litecoin is holding fairly steady at around $116 , as we approach the #halving in 56 days.

The last time the #LTC block reward was halved it mooned, swill it be a repeat performance? There has seen some significant increase in the last month , but it has been also caught in the recent pullback.

#EOS has continued to fall and is currently way back form its recent high at $6.15, after falling back a further 3% in last 24 hours. Concerns about its centralisation have caused Weiss to reduce its rating to an A- in last few days.

Another exchange, this time Polish company Coinroom, has failed taking customers crypto with it. How many more will go before customers funds are safe to leave on exchanges. The phrase if you don't hold it you don't own it , becomes even more relevant !

IOHK, the parent company of #cardano announced a new roadmap in last few days with Charles Hoskinson tweeting that the much awaited and delayed #shelley network.

Many of the critics have called this project 'vapourware' and after many delays and Hoskinson's time bing pulled in many different directions, including a new blockchain with #Polymath, only time will tell if #ada can breakthrough to take its place as one of the leading 3rd generation blockchains.

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