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Crypto Market Update (05 October 2018)

October 5, 2018

 

General Market Outlook

 

The market is consolidating for the most part, with most coins evenly split between positive and negative gains. Several coins have made double digit percentage gains and trading volume has remained around $12 billion in 24 hours. Holo (HOT) and Cyber Miles (CMT) are the major stand outs of the top 100 coins by market cap - up over 21% and 9% respectively in the past 24 hours. Bitcoin (BTC) is right around  $6,600 for no significant change and a total market dominance of 52.1%, and Ethereum (ETH) is right at $225, also for roughly no change in the past 24 hours. Market cap for the overall cryptocurrency market is at $219 billion total for roughly no change in the past 24 hours.

 

 

Major Headlines

 

Blackberry Supporting Blockchain Innovation

 

Although Blackberry is no longer competitive in the mobile phone industry, they still maintain much of the infrastructure needed to excel in the biggest tech fields right now, such as cloud computing and blockchain technology. Yesterday they announced a blockchain based platform for securely storing and facilitating medical record exchanges. The company was once a top cell phone service carrier, but their operations are no longer used. They will repurpose their "carrier-grade network operation center" to support a digital ledger in partnership with the biotech incubator ONEBIO. Global Commission to End the Diagnostic Odyssey for Children with a Rare Disease has already been accepted as their first client. The project will allow clients to "buy and sell" real-time data streams through ethereum smart contracts.

 

Air France-KLM Integrating Blockchain

 

Blockchain travel ecosystem Winding Tree will support a new system for the major European airline in France. The primary goal is to provide "a more advantageous travel offer for customers which is more profitable for suppliers, in particular by reducing the number of intermediaries." Executive VP for Strategy and Innovation at Air France-KLM Sonia Barriere believes that blockchain will "revolutionise exchanges within the travel industry.” Winding Tree is working with  Lufthansa, Swiss Air, Air New Zealand, Austrian and Brussels Airlines, and Eurowings as well. They also assist some major hotel chains in Scandinavia and Baltic Region. The technology can be used to simplify the booking process, launch loyalty programmes, track luggage, improve airport logistics, and prevent overbooking.

 

Circle Adds Crypto-Investment By Use-Case

 

“Collections” has been added to Circle Pay’s cryptocurrency investment platform. The feature creates new collections of cryptocurrency or tokenized assets according to a particular use-case. They offer Platforms, Payments, or Privacy. The tool is a simplified way for investors to focus their portfolio on specific coins that address real-world applications that are most pressing at a given time.

 

 

Top 5 Gainers

 

Swarm (SWM) +102.90% at $0.278978

BlockMesh (BMH) +100.03% at $0.005053

Soma (SCT) +82.72% at $0.073532

MediBloc [ERC20] (MEDX) +81.07% at $0.008515

Tigereum (TIG) +67.84% at $0.111789

 

 

Top 5 Losers

 

Joint Ventures (JOINT) -76.11% at $0.001279

SafeInsure (SINS) -28.31% at $3.27

AMO Coin (AMO) -28.14% at $0.001619

Noah Coin (NOAH) -26.93% at $0.001691

Sentinel Chain (SENC) -24.42% at $0.009374

 

 

New Coins Listed

 

Rate 3 (RTE) listed to Ethfinex

 

 

 

By: BGN Editorial Staff

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