Saxo Bank panel claims bitcoin is a \"fad\", while streaming service Twitch embraces dogecoin.(IBTimes UK) <\/p>\n
The price of bitcoin has continued to slide, falling by a further 3% over the last 24 hours to take its market capitalisation below $5bn, (2.5bn). <\/p>\n
Dogecoin and peercoin also saw their values fall by a similar margin, while litecoin, darkcoin and namecoin remained relatively stable. <\/p>\n
The biggest mover across all markets was solarcoin, a digital currency distributed to incentivise the use of solar energy over the next four decades. Solarcoin rose in value by 65% since yesterday to take its market cap above $250,000, (156,000). <\/p>\n
Senior vice president at Eurex Exchange Javier Tordable called bitcoin a \"fad\" at a panel discussion at Saxo Bank's Trading Debates this week. <\/p>\n
Tordable did suggest that the block chain through which bitcoin transactions are processed holds potential for storing and sharing data in the future. <\/p>\n
\"We are very interested in the technology behind it, the block chain,\" Tordable said, according to CoinDesk, before stating that he would like to explore the idea of storing data in a \"multi-channel\" or distributed manner. <\/p>\n
Online streamingservice Twitch has started accepting dogecoin as a payment option for its premium service. <\/p>\n
Dogecoin is the second cryptocurrency to be accepted by the populargaming venue, after it began accepting bitcoin earlier this year. <\/p>\n
Google-owned Twitch offers other unusual payment methods to its 55 millionmonthly viewers, including Burger King and Subway gift cards. <\/p>\n
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