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Crypto Market Update (17 September 2018)

September 17, 2018

 

General Market Outlook

 

The market continues similarly from a weekend of consolidating, as seen by the small movement in market cap leaders BTC and ETH. The majority of coins are in the green and trading volume has risen steadily from $10 billion to almost $12 billion in 24 hours. Aurora (AOA) is by far the major stand out of the top 100 coins by market cap - up over 32`%, but FunFair (FUN), Tezos (XTZ) are up over +5% or more in the past 24 hours. Bitcoin (BTC) is right around  $6,300 for -3% and a total market dominance of about 55.7%, and Ethereum (ETH) is right at $210 for -10% in the past 24 hours. Market cap for the overall cryptocurrency market lost $7 billion now at around $204 billion total.

 

Major Headlines

 

France Adopts Blockchain Revolution Framework

 

The goal of the bill overall is “liberated companies that are better funded, more innovative and fairer.” The regulation poses changes to unburden government complication for private businesses and allow easier expansion into emerging markets through embracing innovation. A key facet here is laws that facilitate access to diversified funding such as public listing, investment capital, crowdfunding and ICOs. The country officially added the section pertaining to ICOs from the bill. Finance Minister Bruno Le Maire states, believes the changes made to “attract investors from all over the world.” And ultimately, this is a result of a continued push for innovation, where just last year France’s President Emmanuel Macron stated his hope for the country to become a "startup nation."

 

100 New Hires For Coinbase NYC

 

In the midst of the cryptocurrency market cap halving since January, Coinbase has doubled their employees, now over 500 worldwide, and continued pushing into new markets. Adam White, general manager of Coinbase Institutional highlights that they are " committed to not being a U.S. company." But the biggest plans for hiring are happening in that institutional investment space for Coinbase right now. Their newly opened offices in NYC will be filled with 100 new employees. Many have already been hired from traditional financial institutions such as the New York Stock Exchange, Barclays, and Citigroup. "We have to create a bridge between financial services and technology. In order to do that, we need to pull from some of the best and brightest minds that have worked their whole careers in other kinds of traditional financial firms." - Adam White

 

More Mastercard Blockchain Patent Applications

 

A series of patent applications outline how "point-to-point transactions" can be facilitated by distributed ledger technology. The methods highlight how a blockchain style data is espeically useful to streamline data for accounting purposes. By using a blockchain based system, payment data is not only condensed, but could be unified. In this way, multi-service platforms would enable "...data to be stored clearly and in a format that is easily auditable by participating entities. In cases where ledgers like blockchains are used, the ledgers may be provided even more benefits as they may be immutable and resistant to tampering, which may further increase the reliability of such data."

 

 

Top 5 Gainers

 

SiaCashCoin (SCC) +147.47% at $0.000062

Crown (CRW) +116.89% at $0.430907

Namecoin (NMC) +92.43% at $1.99

Monetha (MTH) +71.77% at $0.037821

Quant (QNT) +62.55% at $1.20

 

 

Top 5 Losers

 

FUTURAX (FXT) -67.85% at $0.000126

Happycoin (HPC) -34.68% at $0.280424

Experience Token (EXT) -32.82% at $0.000528

Network (NKC) -32.14% at $0.008969

Bitcoin File (BIFI) -30.91% at $0.004199

 

 

New Coins Listed

 

BoatPilot (NAVY) listed to LiveCoin

DOVU (DOV) listed to LiveCoin

Gentarium (GTM) listed to Cryptopia

LogisCoin (LGS) listed to Cryptopia

Ontology (ONT) listed to Digifinex

InvestFeed (IFT) listed to LAToken

 

 

 

By: BGN Editorial Staff

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