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Crypto Market Update (04 September 2018)

September 4, 2018

 

General Market Outlook

 

The market continues to rise steadily. Most coins are in the positive today, and trading volume has slowly increased by $1 billion to over $12 billion in 24 hours. Bitcoin Dark (BTCD) is making headlines for a massive 257% increase over the past 24 hours, but Komodo (KMD) is also noteable of the top 100 coins by market cap, up over +16% in the past 24 hours. Bitcoin (BTC) is right around  $7,400 for +1.5% and a total market dominance of about 53.0%, and Ethereum (ETH) is right at $290 for about no change in the past 24 hours. Market cap for the overall cryptocurrency market gained just over $3 billion doin to $240 billion total.

 

 

Major Headlines

 

Abra Adds Euro Support

 

Abra mobile currency wallet is expanding their fiat deposit services. Residents in the Single Euro Payments Area (SEPA) and additional nations in the European Union (Iceland, Norway, Switzerland, Lichtenstein, Monaco and San Marino) can now transfer euros or other national currencies directly to Abra. The app supports 50 fiat currencies and 25 cryptocurrencies that can be purchased through fiat or credit card. The company is working on further expansions with Coinify cryptocurrency payment processing company to add direct support for European banks. The organization has strong connections to the banking industry and software development from founders Bill Barhydt, a former software engineer for Goldman Sachs and former director of Netscape.

 

German Stock Company Pushing Crypto Research

 

Germany’s joint stock company Deutsche Börse (DB) created a dedicated unit for blockchain and crypto assets. “DLT, Crypto Assets and New Market Structures” is a twenty four person group designed to explore the disruptive and beneficial potential of cryptocurrencies in the financial markets infrastructure, as well as new products DB could develop using the technology. They hope to innovate and streamline many traditional segments across their value chain, such as pre-IPO listing, trading and clearing, settlement and custody, and data analytics improvements. “The digital economy in general is heading for decentralisation. In [the] future, there will be more peer-to-peer governed marketplaces and less intermediaries. In that regard, blockchain has the potential to disrupt the capital markets infrastructure." - Team Lead, Jens Hachmeister

 

Walmart Autonomous Drones Patent

 

Walmart has been developing and implementing blockchain technology for several years. In their most recent patent submission, the company outlines a method for using cryptographic signitures, blockchain style data compilation and private/public keys to facilitate autonomous drone delivery. The technology is perfectly suited to securely move packages between two autonomous drones without compromising customer information while maintaining a live data feed of delivery progress. Smart contracts enable decision autonomous chains.

 

 

Top 5 Gainers

 

BitcoinDark (BTCD) +254.43% at $75.16

Bitcoin Plus (XBC) +137.70% at $38.90

BitBar (BTB) +132.64% at $16.97

Melon (MLN) +102.89% at $19.70

Quant (QNT) +80.60% at $0.795676

 

 

Top 5 Losers

 

Namecoin (NMC) -24.95% at $1.45

Tokes (TKS) -24.87% at $0.788419

Bitcoin File (BIFI) -20.14% at $0.005412

Mozo Token (MOZO) -18.66% at $0.008497

Vikky Token (VIKKY) -18.62% at $0.000161

 

 

New Coins Listed

 

Ubex (UBEX) listed to Yobit

Memez Token (MEME) listed to Yobit

Rate3 (RTE) listed to Hadax

 

 

By: BGN Editorial Staff

 

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