General Market
Outlook
The market continues a widespread
downturn, but trading volume has made a reversal, up $4 billion
from a low of $12 billion in 24 hours. There are no major stand
outs of the top 100 coins by market cap in the past 24 hours.
Bitcoin (BTC) is right around $6,050 for -5% and a total
market dominance of about 54.2%, and Ethereum (ETH) is down
significantly to $260 for -16% change in the past 24 hours. Market
cap for the overall cryptocurrency market hit a low of $190
billion, but has recovered to $197 billion recently.
Major
Headlines
DISH Network Service Now
Accepts BTC and BCH
Bitpay has signed on DISH
Network to their payment processing system. DISH has accepted
Bitcoin payments since 2014, but through Bitpay bills can also be
paid with Bitcoin Cash. Executives at DISH site the benefits of
cryptocurrency payments over credit card in that they reduce the
risk of fraud or identity theft, as well as offer reduce payment
fees to the service provider. These are similar remarks to the CEO
of Overstock.com, who has been outspoken in support of
cryptocurrency adoption, noting they create a cheaper, smoother
transaction, similar to cash.
Everpedia - Blockchain
Encyclopedia Launch
The first implementation
of Everpedia is now live on the EOS blockchain
network. The platform works similarly to Wikipedia, but with the
incentive of an associated token (IQ). Tokens are dispersed for
curating and editing articles. They entitle the holder to
governance and voting rights within the network. The second main
differentiator from Wikipedia comes from the inherent benefits of
blockchain technology. Articles stored using a decentralized
blockchain create database of information that is essentially
un-censorable.
Potential Australian
Cryptocurrency Bank
Co-founder of hit comparison
site, Finder is looking to innovate in the space
between cryptocurrency and traditional finances. 26-year-old Fred
Schebesta wants to partner with an existing financial institution
to create Australia’s first cryptocurrency bank. Schebesta already
has a significant personal holding in West Australian bank
Goldfields Money, and believes Bitcoin is here to stay, citing that
it has been a “bubble” several times, dropping 90% over the course
of a year. “People are going to [need] certain services [like]
custodianship, cold storage, escrow, exchange and spending. And
then lending — lending is what makes the fiat economy
[government-backed currency] work, and once lending really cranks
up in crypto, that’s the thing that will basically take this to a
whole other level.”
Top 5
Gainers
Saifu (SFU) +27.36% at
$0.089415
United Bitcoin (UBTC) +23.76% at
$4.16
Bitcoin File (BIFI) +21.47% at
$0.010640
Aston (ATX) +20.11% at
$0.024356
Transcodium (TNS) +15.73% at
$2.41
Top 5
Losers
Peercoin (PPC) -56.83% at
$1.01
Melon (MLN) -55.71% at
$5.22
ACE (ACE) -43.89% at
$0.036886
CarBlock (TICK) -43.88% at
$0.003931
Game.com (GTC) -42.53% at
$0.024019
New Coins
Listed
RavenCoin (RVN) listed to
Bittrex
ZMine (ZMN) listed to
LiveCoin
EOS (EOS) listed to
CoinX
By: BGN Editorial Staff
News:
Bitcoin
(BTC)
Ethereum
(ETH)
Bitcoin Cash
(BCH)
Blockchain
Saifu (SFU)
United Bitcoin
(UBTC)
Bitcoin File
(BIFI)
Aston (ATX)
Transcodium
(TNS)
Peercoin
(PPC)
Melon (MLN)
ACE (ACE)
CarBlock
(TICK)
Game.com
(GTC)