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Crypto Market Update (09 April 2018)

April 9, 2018

General Market Outlook

 

Market sentiment remains uneasy, but headlines continue to report interest of major financial institutions, such as the George Soros Fund, and increasing work towards positive relationships of government acceptance or regulation. Alt coins are seeing pumps on many exchanges, such as NEO, which had been on a major downtrend, but many see as a good long-term play. XVG continues an uptrend in the wake of potential 51% attack.

 

Major Headlines

 

Coinbase Looks to be the first SEC approved exchange – Coinbase filed a Form D 506c with the Securities and Exchange Commission for its Index Fund. Other major exchanges have more particular, such as Gemini through the state of New York, or international licensing, like Kraken with Japanese regulation

 

The Exchange is making major strides to outshine their competition with recent hires and additional versatility to their platform. They recently hired Eric Scro, previously at NYSE since 2009 and J.P. Morgan before that. They also hired former global head of sales for NYSE Euronext Christine Sandler. These hires are likely in an effort to operate and bring interest to their new venture capital fund, as well as their new Coinbase Custody program for portfolios over $10 million.

 

Chinese Blockchain Development backed with big money and government support - Hangzhou-based venture capital firm Tunlan Investment is backing a new project along with local Chinese governments to establish an industrial park area for development and incubation of blockchain related technology. The Xiong'An Global Blockchain Innovation Fund is the first of its kind for the country, and may inspire similar projects in other countries.

 

OnePay FX – The banking App developed between Santander and Ripple is now live. This is the first example of Ripple potentially aiding in substantial cross-border payments. The app is only available in Spain, Brazil, UK and Poland.

https://itunes.apple.com/us/app/onepay-fx/id1363143795?mt=8

 

 

Top 5 Gainers

 

India Coin (INDIA) - Up  114.68% at $0.000602

Hexx (HXX) - Up 72.89% at $5.93

FirstCoin (FRST) - Up 59.10% at $0.088543

BLUE (BLUE) - Up 52.38% at $0.231907

eBoost (EBST) - Up 47.49% at $0.158321

 

Top 5 Losers

 

Centra (CTR) - Down 77.13% at $0.014405

Rentberry (BERRY) - Down 25.42% at $0.061507

StrikeBitClub (SBC) - Down 25.16% at $0.003679

Titanium BAR (TBAR) - Down 24.42% at $0.384580

B2BX (B2B) - Down 23.91% at $0.564631

 

 

New Coins Listed

 

BitMarks (MARKS) added to Cryptopia http://www.bitmark.io/

 

Block RX (BKRX) added to IDEX https://www.blockrx.com/

 

WanChain (WAN) added to Kucoin https://wanchain.org/

 

 

 

By: BGN Editorial Staff

 

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