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October 16, 2018

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Crypto Market Update (19 April 2018)

April 19, 2018

General Market Outlook


The market is now doing more than just moving sideways. We are again seeing an increase in BTC price as well as Altcoins almost across the board. This indicates new money entering the market. Ethereum has moved towards a weekly high and is up almost 7% in the past 24 hours.


Monaco (MCO) is currently sitting up over 50% for the past 24 hours. This could be due to being listed on Bithumb today.



Major Headlines


Amazon Technologies Patents A Streaming Data Marketplace


In a 27 page description the patent outlines examples of how the technology could be used for just about anything already being done on in the internet. It makes clear references to integrating cryptocurrencies and blockchain technology:


“As one example implementation, trade execution numbers from a financial exchange may be generated throughout the day. These numbers may be meaningful to an investment bank that made the trades identified by the numbers.”


“The method may include using cryptographic tokens, such as a public key/private key pair, to verify an authenticity of the first or second sources involved in the combined stream.”


Paypal Policy Updates Are Cause for Crypto 


Effective Date: April 19, 2018 Paypal is taking many away what were major benefits for a population of users. Sending money between friends across international boarders, and identity verification standards received the most drastic changes.

Unverified accounts can now do nothing but transfer between Paypal balance and a linked bank account.


International sending now has a “flat fee of $2.99 or $4.99 per transaction depending on the recipient’s country.”


Full explanation from Paypal.



Peer to Peer Bitcoin Exchange LocalBitcoins Blowing Up 



LocalBitcoins is somewhat like Ebay for Bitcoins. Users post their own exchange rate and the type of payments they are willing to accept. Users on the buying end can then select they users they would like to purchase from depending on those payment types, the exchange rate, or by the user’s reviews or verification.


Because of the increase in volume, the website has begun to enforce the verification process more. In the end, it’s still up to the buy to make this choice on their own.



Top 5 Gainers


Crypto (CTO) +269.41 % at $0.077565

Payfair (PFR)  +%80.62 at $0.071715

GPU Coin (GPU)  +45.56% at $0.014051

Animecoin (ANI)  +42.75% at $0.013968

Game.com (GTC)  +30.92% at $0.089005



Top 5 Losers


ATMCoin (XLR)  -56.65% at $3.78

BitSoar (BSR)  -48.20% at $0.001068

High Voltage (HVCO)  -27.94% at $0.960575

Sugar Exchange (SGR)  -25.93% at $0.083202

EZToken (EZT)  -24.28% at $0.358345



New Coins Listed


Fortuna (FOTA) listed to GDAX

Mirthril (MITH) listed to HitBTC

Auctus (AUC) listed to IDEX

SunMoney Token (SMT) listed to IDEX

Monaco (MCO) listed to Bithumb




BY: BGN Editorial Staff


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