General Market
Outlook
The market is in an
overall positive trend with most coins showing strong gains, and
trading volume has wavered near $12 billion in 24 hours. Maker
(MKR) and Noah Coin (NOAH) are the major stand outs of the top 100
coins by market cap - up over 22% and 16% respectively in the past
24 hours. Bitcoin (BTC) is right around $6,650 for +1.0% and
a total market dominance of about 52.1%, and Ethereum (ETH) is
right around $230 for 2.5% change in the past 24 hours. Market cap
for the overall cryptocurrency market steadily gained just over $4
billion, now totaling almost $220 billion.
Major
Headlines
Binance Will Donate
All Listing Fees to Charity
The CEO of Binance
announced that the company will be redesigning how coins are listed
to their exchange platform. Previously, listings cost upwards of $1
million. However, now the platform will be donating all listing
fees to charity. In addition, there will be no minimum fee,
and developers are given the power to name the amount they
would like to pay. The value chosen will not influence whether or
not a coin is accepted, and this will have no effect on which coins
are given the opportunity to be listed on the exchange: “Binance
will continue to use the same high standard for the listing review
process.”
Quixxi Simplifies
Crypto-Commerce
Quixxi is in their
second week of token sale, and hopes to make a big impact on
cryptocurrency use cases by streamlining the existing technology in
ways that will make it more appealing for the average citizen. The
platform gives users the ability to hold or send cryptocurrency by
using an email address, and security is maintained by
decentralizing users’ private keys. It connects Ethereum wallet
addresses and is designed to “bypass the complex nature of crypto
wallets.” The system includes a “Smart Payment” function that they
hope will allow merchants to more easily accept cryptocurrency
payments for the goods or services. Their primary goal is “to
remove some of the barriers faced by global
Crypto-Commerce.”
Jailed For Energy
Theft To Mine Bitcoin
A citizen in China
was caught stealing power from a train station. The electricity was
used to power his large Bitcoin mining operation. Though it was not
as large as some commercial operations, the individual was working
with 50 ASIC miners, which consume roughly $250 worth of
electricity per day. The investigation uncovered that he
successfully mined 3.2 Bitcoin with the stolen electricity, which
is about $14,500. He has been sentenced to 3.5 years in jail and a
given a monetary fine of 100,000 yuan, which is roughly $14,500.
All of the mining equipment was confiscated as well.
Top 5
Gainers
Octoin Coin (OCC)
+124.91% at $0.705390
Experience Points
(XP) +87.13% at $0.000032
Joint Ventures
(JOINT) +84.39% at $0.006441
GazeCoin (GZE)
+60.16% at $0.015635
Moeda Loyalty Points
(MDA) +55.14% at $0.737479
Top 5
Losers
Yocoin (YOC) -47.32%
at $0.008144
WIZBL (WBL) -38.72%
at $0.039803
HOQU (HQX) -22.30%
at $0.007297
Labh Coin (LABH)
-21.60% at $0.003429
Minex (MINEX)
-20.39% at $0.005227
New Coins
Listed
Pylon Network
(PYLNT) listed to LAToken
Stellar (XLM) listed
to Altcoin Trader
Mass Vehicle Ledger
(MVL) listed to BitSonic
By: BGN Editorial
Staff