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Crypto Market Update (14 June 2018)

June 14, 2018


General Market Outlook


The market seems to be leveling out after the major downturn. Most altcoins are in the green, with many seeing 5% or more growth. All Sports (SOC) is the big standout of the top 100 coins - up about +19% in the past 24 hours. Dopil (DROP) is also up big, about +16%. Bitcoin is right around $6,450 for roughly no change and Ethereum is right at $475 for +1% change in the past 24 hours. Market cap for the overall cryptocurrency market grew by just about $1 billion coming down to $274 billion total.



Major Headlines


Thomson Reuters Expanding Cryptocurrency Data


They are increasing the detail of their sentiment data toolkit to cover 100 different coins. The program was launched back in March in partnership with MarketPsych Data LLC to provide the Bitcoin data feed. The Thomson Reuters MarketPsych Indices Cryptocurrency Sentiment (TRMI 3.1) package monitors more than 2,000 global news and 800 social media sites in real-time. It gauges things like "excitement" or "hope" to provide insight on investment and reveal market patterns using natural language processing combined with machine learning. "Adding a cryptocurrency-focused sentiment feed to our suite of cross-asset solutions has...enabled us to provide our customers with invaluable insights that may help them make strategic investment decisions," said Pradeep Menon, Thomson Reuters' global head of investing and advisory.


Acinq Now Live with Lightning Network Payment Processing


The Lightning Network developers Acinq have been working on a second layer off-chain settlement solutions for Bitcoin. They have just introduced Strike, their first payment processing Application Program Interface (API) fore easy off-chain-on-chain settlement dubbed. Unlike other cryptocurrency payment processing options which payout directly into a fiat conversion, Strike collects LN payments on behalf of the client, and settles the collected amount to a Bitcoin wallet. However, this does create a “middle-man” where Acinq is collecting a set amount of Bitcoins of the clients choosing before final on-chain settlement.


CFTC Subpoenas Exchanges Involved in Futures


The U.S. Commodity and Futures Trading Commission (CFTC) has subpoenaed Bitstamp, Coinbase, itBit and Kraken to analyze the trading data in another manipulation probe. The subpoenaed exchanges provide data as a base for the bitcoin futures prices at CME. This is a complicated matter because the CFTC has claimed oversight and enforcement authority over cryptocurrency-based financial derivatives like bitcoin futures, but seems to possess only enforcement authority over the cryptocurrency spot markets. an agreement between two parties to buy one currency against selling another currency at an agreed price for settlement on the spot date.



Top 5 Gainers


FirstCoin (FRST) +294.18% at $0.064391

GoByte (GBX) +112.18% at $6.28

HelloGold (HGT) +54.99% at $0.014271

Etherecash (ECH) +48.25% at $0.022944

Infinity Economics (XIN) +47.40% at $0.013145



Top 5 Losers


Pundi X (NPXS) -36.44% at $0.006848

Voise (VOISE) -18.95% at $0.004667

Swarm (SWM) -18.22% at $0.687601

Centrality (CENNZ) -17.91% at $0.109158

Endor Protocol (EDR) -16.76% at $0.077036



New Coins Listed


Cardano (ADA) listed to Bithumb

Status Network Token (SNT) Bithumb

Auctus (AUC) listed to Ethfinex

CommerceBlock (CBT) listed to Ethfinex

Fusion (FSN) listed to Ethfinex

Polymath (POLY) listed to Ethfinex

SiaCoin (SC) listed to Binance





By: BGN Editorial Staff


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