General Market Outlook
The market is now reversing the downtrend from the last several days. Nearly all coins are making positive gains, and trading volume has moved between $14 billion and $15 billion in 24 hours. Electroneum (ETN) and Bitcoin Cash (BCH) are the major stand outs of the top 100 coins by market cap - both up over 21% in the past 24 hours. Bitcoin (BTC) is right around $6,550 for +2% and a total market dominance of about 52.0%, and Ethereum (ETH) is right at $220 for +4.5% change in the past 24 hours. Market cap for the overall cryptocurrency market has steadily risen by over $9 billion, now at $217 billion total.
Google Revises Cryptocurrency Ad Ban
Next month Google will amend the ban on cryptocurrency ads put in place in early June for their users in the U.S. and Japan. The official statement: "The Google Ads policy on Financial products and services will be updated in October 2018 to allow regulated cryptocurrency exchanges to advertise in the United States and Japan." There are stipulations to exactly what type of content will be allowed, but criteria is somewhat vague in some areas. Advertisements for ICOs are still not allowed, and for cryptocurrency exchanges, only those which are "regulated" trading sites will be accepted. "Advertisers will need to be certified with Google for the specific country in which their ads will serve. Advertisers will be able to apply for certification once the policy launches in October. This policy will apply globally to all accounts that advertise these financial products," Google wrote.
Bitcoin Could Have More To Offer
A project to bring the diverse feature set of a blockchain system like Ethereum to Bitcoin has been in the works for several years, but can not finally be tested. The potential network expansion was created by Paul Sztorc, director of research at startup Tierion back in November of 2015. The essential function of the system is a seamless way to integrate sidechains into the Bitcoin network. This additional channels could facilitate tokenizing assets like many organizations are working on with the Ethereum network, but also facilitates many other advancements that have been created since Bitcoin was created. "If this 'multi-network coin' idea is found to be viable, it has profound implications for the crypto's most salient problems. Bitcoin would be able to copy, without controversy, any technology, including: larger blocks, Turing-completeness, and ring signatures." - Paul Sztorc
UN Expanding Blockchain Integration
The UN began using an Ethereum based blockchain system called “Building Blocks” this year to facilitate monetary donations and ensure delivery of food to refugees in Syria. They are reaching 106,000 Syrian refugees in Jordan each month. By fully integrating this system, the organization estimates they could save at least $40,000 in fees incurred through transferring money by traditional means. They are taking steps for the expansion by introducing the system for refugee aid in the Middle East, and supply chain management in Africa as well.
Top 5 Gainers
Mindexcoin (MIC) +150.80% at $0.135432
Starta (STA) +105.26% at $0.437596
Eternal Token (XET) +91.68% at $1.30
Patron (PAT) +51.90% at $0.025086
HollyWoodCoin (HWC) +46.99% at $0.179438
Top 5 Losers
Concierge Coin (CCC) -52.36% at $1.45
Super Game Chain (SGCC) -48.99% at $0.000163
SaveNode (SNO) -33.70% at $0.193403
Cryptrust (CTRT) -33.18% at $0.000051
Netkoin (NTK) -31.39% at $0.000092
New Coins Listed
Tron (TRX) listed to Livecoin
Endor (EDR) listed to Bittrex
By: BGN Editorial Staff