General Market Outlook
Bitcoin (BTC) jumped over $1,000 in one hour this morning, and total volume traded was around all time highs. As all coins are related to the movement of BTC price, this is a positive sign for the market overall.
EOS (EOS) and NEO (NEO) appear to be consolidating after the recent major upward movements.
STEEM (STEEM) – coin of the social media platform Steemit – is up over 25% Blockchain related platforms like this could see increased adoption because of the Facebook privacy concerns.
Bitcoin Flash Bull Run! –
From 7am to 8AM (EST) Bitcoin moved from around $6,700 to just short of $7,800, and now sits at about $7,600. The increasing prevalence of traders using “longs” and “shorts” is likely at work in causing this type of spike. Regardless of the volatility, there is continued proof of growing interest in Bitcoin
Biggest ICO Scam in Vietnam –
Two ICOs Ifan and Pincoin account for nearly $660 million in stolen investment funds from roughly 32,000 individuals. This perfectly displays the problems when there are prohibitions on consumer activity by government. All cryptocurrency related activity is illegal in Vietnam, and because of this no regulations can be put in place to prevent such massive fraud.
Monero Support Coming to Ledger Wallets –
The safest way to store cryptocurrencies is with “cold storage” methods, meaning they are not connected to the Internet. This can be done with paper wallets, or with hardware wallets – encrypted memory devices. However, these devices are not coded to hold all cryptocurrencies. The Ledger Nano S is the most popular hardware wallet. Monero has consistently been in and out of the top 10 for coin market cap totals, yet has not been supported on the device.
Top 5 Gainers
Bismuth (BIS) +298.04% at $5.35
Mithril (MITH) +159.86% at $0.562149
Vice Industry Token (VIT) +76.64% at $0.031131
Bitcoin Private (BTCP) +72.58% at $25.47
NeosCoin (NEOS) +58.00% at $3.52
Top 5 Losers
Stellite (XTL) -27.58% at $0.000939
Hexx (HXX) -19.25% at $3.09
HollyWoodCoin (HWC) -16.42% at $3.12
CFun (CFUN) -13.88% at $0.006616
MaxCoin (MAX) -11.59% at $0.113764
New Coins Listed
Red Pulse (RPX) added to HitBTC https://www.red-pulse.com/landing
Experience Points (XP) added to Cryptopia https://www.xpcoin.io/
By: BGN Editorial Staff