General Market
Outlook
The market has begun minor downward
movement with most coins seeing small percentage losses. Trading
volume has remained between $13 billion and $14 billion in 24
hours. Revain (R) and KuCoin Shares (KCS) are the major stand outs
of the top 100 coins by market cap - up over 6% and almost 4%
respectively in the past 24 hours. The value of Bitcoin (BTC) is
right at $6,400 for -1.0% and a total market dominance of about
52.2%, and the value of Ethereum (ETH) is just over $210 for -1.5%
change in the past 24 hours. Market cap for the overall
cryptocurrency market declined only just over $2 billion, falling
to about $213 billion total.
Major
Headlines
First Digital Safety
Deposit Boxes
VersBank has just completed a
digital deposit boxe pilot project for digital currencies and
digital assets. The Canadian bank will now launch the platform,
called VersaVault, for any of their institutional customers. For
the individual, their personal wallet or cold storage is
essentially a free safety deposit box. However, for financial
institutions where multiple owners are involved, one wallet is not
feasible. Director of Investor Relations Wade MacBain says they
have received over 200 inquiries about the service already. The
service was created with the help of Gurpreet Sahota, formerly the
principal architect of cybersecurity at smartphone maker
Blackberry.
IBM, Seagate - Blockchain
Counterfeit Protection
Counterfeit products cause
companies billions is lost sales each year in almost every
industry. Blockchain has been highlighted as a prime method for
curbing this practice in the future. The cryptographic systems
allow items to have individual identifiers that cannot be copied in
any way. This process is the basis for the viral Ethereum dapp
CryptoKitties. IBM and Seagate have begun a joint project that
looks to take this ability to their computer hardware. The system
will utilized Seagate’s security solution Seagate Secure Electronic
ID (eID) and bring the product authentication data across to the
IBM Blockchain Cloud. One added service is similar to a digital
paper shredder, called “Certified Erase.” For any data store on the
IBM cloud, users can employ the cryptographic erasure technology
and receive a digital certificate of “data purge.”
Chinese School Principals
Mine At School
Two principals at a Chinese school
were discovered to be mining Ethereum with school owner computers
and electricity. Colleagues of middle school principals notices the
school computer labs to be noisier than usual. This is a result of
the mining process in that it utilizes a computers maximum
capacity. In turn, this creates more heat, and the computers have
to use their cooling fans at full speed constantly. Further the
school's IT network slowed enough that people took notice, and
electricity consumption nearly doubled from July to November - a
value of over $2,000. The principal and assistant were banned from
that school system.
Top 5
Gainers
Polcoin (PLC) +148.25% at
$0.000641
Davinci Coin (DAC) +75.62% at
$0.010417
SpaceChain (SPC) +71.34% at
$0.025398
Nerves (NER) +62.55% at
$0.000320
Etheera (ETA) +39.61% at
$0.004404
Top 5
Losers
IXTUS Edutainment (IXE) -41.94% at
$0.007035
Cyclean (CCL) -35.98% at
$0.002279
AirWire (WIRE) -35.12% at
$0.018249
BittWatt (BWT) -32.24% at
$0.020751
VisionX (VNX) -29.98% at
$0.006434
New Coins
Listed
Name (TICK) listed to
Exchange
Apex (CPX) listed to
HotBit
SumoKoin (SUMO) listed to
NusaX
By: BGN Editorial Staff
