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October 16, 2018

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Crypto Market Update (01 May 2018)


General Market Outlook


A clear market correction took place over the past 24 hours. Consolidation phase seems to be underway. Bitcoin (BTC) is still right around $9,000 and Ethereum (ETH) has dipped to around $650. Most coins in the top 100 are in the red, but Basic Attention Token (BAT) sticks out as one that has been climbing all month, and sits up around 6% for the past 24 hours right now.


Major Headlines


Mastercard Patents Faster Blockchain Transactions


Mastercard has been hard at work developing ways to keep up with cryptocurrencies. More Americans prefer credit cards to using cash, but this is probably just the last step to fully digital. The technology already exists to pay wirelessly with our cellphones, and the technology is already in place on many POS systems. To many people this is still all very new. Bitcoin is the extent of their knowledge. But all the interest, ICOs and institutional interest has been a long time coming. This patent was filed in October 2016. We can’t know exactly how long it took for employees at Mastercard to actually develop the technology.


UNICEF Crypto-Mining for Charity


The United Nations Children’s Fund’s initiative (UNICEF) created the HopePage to “allow Australians to provide help and hope to vulnerable children by simply opening the page while they are online.” Users dictate how much computer power they want to allot to mining cryptocurrencies for the project. Then just by staying on the webpage for the project, the computational donation happens continually. The system uses AuthedMine. It was created to provide browser based mining as a viable alternative for intrusive and annoying ads.


Power Ledger and Northwestern Deploy Clean Energy Blockchain


Power Ledger (POWR) has partnered with Northwestern University (NU), located in Evanston Illinois, to deploy the first commercial clean energy blockchain project in the United States. It’s being developed with the university’s Masters in Engineering program. Students have built commercial, utility-grade deployment to run across four of the University’s Master of Engineering Management Program buildings. Fully integration with Power Ledger’s software will be ready to launch within a couple months. The goal is to develop on-campus P2P trading and connection to external peers across multi-campus universities, museums, laboratories and more.



Top 5 Gainers


Network Token (NTWK) +81.11% at $0.019968

Ignis (IGNIS) +46.61% at $0.161791

DraftCoin (DFT) +38.42% at $0.216262

Bitair (BTCA) +38.23% at $0.000744

EDUCare (EKT) +37.48% at $0.105241



Top 5 Losers


Internet of Things (XOT) -60.88% at $485.44

Linx (LINX) -38.46% at $0.093238

HomeBlockCoin (HBC) -37.39% at $0.085899

VapersCoin (VPRC) -37.28% at $0.000240

BelugaPay (BBI) -32.69% at $0.359153



New Coins Listed


ConnectJob (CJT) listed to Yobit

DAO PlayMarket (PMT) listed to Yobit

Forty Seven Bank Token (FSBT) listed to IDEX

iBuildApp Network (IBA) listed to IDEX

Nebula AI (NBAI) listed to IDEX

Nexo (NEXO) listed to IDEX

Stellar Lumens (XLM) listed to Bitfinex

Verge (XVG) listed to Bitfinex





By: BGN Editorial Staff

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