General Market
Outlook
The weekend brought a continued
downtrend to the cryptocurrency market overall. Today most coins
are leveling out with trading volume holding around $12 million in
24 hours. Holo (HOT) is the clear stand out of top 100 coins,
rising to +45% in the past 24 hours. However, MOAC (MOAC) and
Bitcoin Gold (BTG) are also performing well - up over 13% and 11%
respectively in the past 24 hours. Bitcoin (BTC) is right
around $7,000 no significant change and a total market
dominance of about 47.4%, and Ethereum (ETH) is around $410 for +1%
change in the past 24 hours. Market cap for the overall
cryptocurrency market dropped about $2 billion doin to $253 billion
total.
Major
Headlines
First Cryptocurrency
Related Business On London Stock Exchange
Argo
Blockchain recently completed an IPO, and doubled their
total funding with a new valuation of $61 million, and has been
listed on the London Stock Exchange. It is the first
cryptocurrency-related business to do so. The project’s goal is an
international data center management system that basically creates
‘mining as a service.’ Their current platform simplifies the mining
process for individuals who want to mine, but don’t have the
hardware necessary. Users can chose to mine Bitcoin Gold (BTG),
Ethereum (ETH), Ethereum Classic (ETC), or Zcash (ZEC). The
company’s $61 million valuation isn’t much compared to many other
IPOs and ICOs, but the visibility of the LSE listing is
promising.
Bank of Thailand Easing
Into Blockchain
Earlier this year the Bank of
Thailand put an official ban on all cryptocurrency activity by
financial institutions. But now they have made an amendment that
gives hope for legally providing cryptocurrency products and
services. Banks in Thailand can now creating subsidiaries to handle
the all customer needs related to digital assets and digital
tokens. All these subsidiaries can do is provide investment
resources. Actual financial services are still prohibited. This
could be related to the Bank of Thailand developing blockchain and an in-house
cryptocurrency.
Turkey Blockchain Research
Center
The Istanbul Blockchain and
Innovation Center (BlockchainIST) has just been established in
Turkey. The primary goal is to facilitate “scientific studies and
publications” related to blockchain technology, distributed ledgers
and digital currencies. Director of the program Bora Erdamar
highlights the growing integration of blockchain between business,
government and education. “We are trying to lead this business with
such a center. We will strive to train Turkey's human resources in
blockchain and enable the country to lead the world in this area…
it is crucial to cooperate with other universities, the business
world and government institutions.”
Top 5
Gainers
Saifu (SFU) +168.28% at
$0.140166
Bitcoin File (BIFI) +141.74% at
$0.020821
VikkyToken (VIKKY) +101.98% at
$0.000330
Tourist Token (TOTO) +87.84% at
$0.000145
Engine (EGCC) +56.25% at
$0.001699
Top 5
Losers
Webcoin (WEB) -34.44% at
$0.007018
Stakenet (XSN) -34.42% at
$0.204820
COSMA [XEM] (CMS) -23.60% at
$0.115807
COSMA [XEM] (CMS) -22.48% at
$0.117978
DACSEE (DACS) -19.59% at
$0.013675
New Coins
Listed
Mass Vehicle Ledger (MVL) listed to
Coinbene
By: BGN Editorial Staff
News:
Bitcoin
(BTC)
Ethereum
(ETH)
Holo (HOT)
MOAC (MOAC)
Bitcoin Gold
(BTG)
Argo
Blockchain
Blockchain
Saifu (SFU)
Bitcoin File
(BIFI)
VikkyToken
(VIKKY)
Tourist Token
(TOTO)
Engine
(EGCC)
Webcoin
(WEB)
StakeNet
(XSN)
COSMA (XEM)
DACSEE
(DACS)
Cryptocurrencies
