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Crypto Market Update (12 July 2018)

July 12, 2018

 

General Market Outlook

 

The market continues has resumed an overall downtrend. Nearly all coins are in the red and trading volume remains stable. There are no coins in the top 100 coins that are up a significant amount in the past 24 hours. Bitcoin is right around $6,200 for about -4% change and Ethereum is right at $430 for -3% change in the past 24 hours. Market cap for the overall cryptocurrency market lost $10 billion doin to $245 billion total.

 

 

Major Headlines

 

Android Phone Web Browser Adds Cryptocurrency Wallet

 

The latest version of the Opera for Android will introduce a built-in cryptocurrency wallet. This means that Opera’s 322 million user base will all own a crypto-wallet. There will be no additional apps needed to use ETH, ERC-20 tokens or ERC-721 tokens. The developers plan to add support for additional cryptocurrencies such as BTC in the future. “Our hope is that this will accelerate the transition of cryptocurrencies from speculation and investment to being used for actual payments and transactions in our users’ daily lives.” - Charles Hamel, Opera Cryptocurrency wallet Product Lead

 

Replacing Ad-Income With Cryptocurrency Mining

 

For the most part, accessing users’ computing power to mine cryptocurrencies has been of a malicious nature. Mining programs can even be integrated into malware that affects computers without the owner's knowledge. However, it’s generally easy to tell when this has happened because mining cryptocurrencies will take almost all the computing power of a normal computer, causing all other functions to run extremely slowly. Recently the torrent website The Pirate Bay has stated they will use visitors' processing power to mine crypto in order to replace the revenue lost by taking advertisements off the website. A disclaimer was added to the homepage: "by entering TPB you agree to [XMR] being mined using your CPU. If you don't agree please leave now or install an adBlocker." Another example of this voluntary process was actually used for a good cause. The United Nations Children's Fund (UNICEF) asks users to leave their page open to mine, but proceeds are given to the charity.

 

New Stablecoin Pegged to EURO

 

The stablecoin will provide a trustworthy for cryptocurrency stability while also enabling a free off-chain transfer of assets via the STASIS blockchain. The token, EURIS, became available for purchase on the London-based exchange DSX on July 4. “EURIS allows you this kind of flexibility to execute transactions immediately in a transparent manner. Our reserves are verified daily so every investor will have confidence that the tokens issued are backed up” - Gregory Klumov, CEO of STASIS

 

 

Top 5 Gainers

 

LOCIcoin (LOCI) +65.11% at $0.057658

Stox (STX) +59.13% at $0.373598

Rhenium (XRH) +41.47% at $0.051715

Sumokoin (SUMO) +25.65% at $1.00

DaTa eXchange (DTX) +23.86% at $0.051448

 

 

Top 5 Losers

 

Fargocoin (FRGC) -41.80% at $0.223071

Hurify (HUR) -30.43% at $0.027407

Super Bitcoin (SBTC) -27.18% at $4.52

GoNetwork (GOT) -25.03% at $0.705724

ZINC (ZINC) -24.71% at $0.135673

 

 

New Coins Listed

 

Blockparty (BOXX) listed to Cryptopia

Hydro Protocol (HOT) listed to Ethfinex

 

 

 

By: BGN Editorial Staff

 

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