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Crypto Market Update (11 October 2018)

October 11, 2018

 

General Market Outlook

 

The market took a major hit in the past 24 hours with nearly all coins moving downward, but trading volume rising sharply by $4 billion to over $15 billion in 24 hours. QASH (QASH) and PIVX (PIVX) are the major stand outs of the top 100 coins by market cap, although it is not by substantial gains. Both are up just over 3% in the past 24 hours. Bitcoin (BTC) is right around  $6,300 for -4.5% and a total market dominance of 54.0%, and Ethereum (ETH) is right at $200 for -11% change in the past 24 hours. Market cap for the overall cryptocurrency market dropped to $200 billion with a loss of over $16 billion.

 

 

Major Headlines

 

BMW Hosting Blockchain Vehicle Competition

 

The Mobility Open Blockchain Initiative (MOBI) is beginning a new type of event to push the boundaries of blockchain technology and motor vehicle transportation. They now organize a series of tournament style competitions to explore how vehicles will communicate, cooperate, make instant autonomous transactions and integrate into the smart cities of the future. The MOBI Grand Challenge will take place over a four month span. BMW will host the final event with demonstrations of the winning technology applications in February of next year in Munich, Germany. Monetary prizes will be given out as blockchain tokens. Ocean Protocol has committed $1 million worth of token prize, and Beyond Protocol committed $250,000.

Unlike a hackathon, these competitions will place robotic autonomous vehicles in competition with each other.

 

Blockchain Tech Will Help Border Patrol

 

Customs and Border Protection division of the United States government will be developing a plan to implement blockchain technology by the end of the year. In the most recent Commercial Customs Operations Advisory Committee meeting, "emerging technologies" were a hot topic. Customs and Border Protection has already concluded testing rounds within their supply chain management process., according to a press release published Tuesday. The decentralize style networks are useful for exchanges across borders. In this case, tracking shipments made through NAFTA would be streamlined. "We've produced a hybrid system that allows public sharing of data and also maintains the security of that data. It's particularly important for keeping trade secrets and that's what this architecture is designed to do." - Vincent Annunziato, CBP

 

Ivy League Schools Investing In Cryptocurrency

 

Harvard University, Stanford University, Dartmouth College, Massachusetts Institute of Technology (MIT), and the University of North Carolina are cited as investing in a major cryptocurrency fund. Major universities around the world have begun blockchain courses, certificates or development teams, but major investments shows signs of greater acceptance.

 

 

Top 5 Gainers

 

Bytecent (BYC) +184.56% at $0.379907

Octoin Coin (OCC) +71.60% at $0.486022

Karma (KRM) +62.40% at $0.002098

Havven (HAV) +55.56% at $0.140724

Blocktix (TIX) +54.20% at $0.257457

 

 

Top 5 Losers

 

Cashbery Coin (CBC) -66.40% at $0.257374

DAV Coin (DAV) -46.38% at $0.004306

DMarket (DMT) -36.17% at $0.278018

EJOY (EJOY) -31.63% at $0.000155

AiLinkToken (ALI) -30.37% at $0.000899

 

 

New Coins Listed

 

Zcash (ZEC) listed to Coinut Exchange

 

 

 

By: BGN Editorial Staff

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