General Market Outlook
The market is now consolidating after recovering from a dip over the weekend. Coins and tokens are split between positive and negative gains with some making substantial growth. Trading volume has slowed by almost half, as yesterday’s growth brought a massive influx in trading. It now sits around $12 billion in 24 hours. Tezos (XTZ) and MobileGo (MGO) are the major stand outs of the top 100 coins by market cap - up over 16% and 15% respectively in the past 24 hours. Bitcoin (BTC) is right around $6,600 for -1% and a total market dominance of 54.0%, and Ethereum (ETH) is right at $210 for -0.5% change in the past 24 hours. Market cap for the overall cryptocurrency market has wavered right around it’s current total of $212 billion without making any significant highs or lows.
Fidelty Cryptocurrency Platform
Many of the world’s most prevalent banks have been making their way into the cryptocurrency space, and now Fidelity will join the group with a cryptocurrency trading and storage platform. It will provide cryptocurrency custody and trading services for corporate clients. Their customer focus will be institutional investors, including hedge funds, family offices and market intermediaries. "The creation of Fidelity Digital Assets is the first step in a long-term vision to create a full-service enterprise-grade platform for digital assets.” The platform will host bitcoin and ethereum at least, with more to be announced.
Ethereum Foundation Gives Back $3 Million
As a part of their grant program for start ups, the Ethereum Foundation has awarded almost $3 million to a fairly large list of up and coming ethereum network projects. More 20 different individuals or groups were provided $2.86 million in total. Their projects focus on the breadth of blockchain technology applications for client diversity, usability, scalability, security and building tools. The biggest grants were two of $500,000 to Prysmatic Labs and Status. Spankchain, Kyokan and Connext received $420,000 as a group to work on an open-source software developer's kit (SDK) for a novel non-custodial payment channel hub. "We would not exist without the time and energy that you put into Ethereum. While the program continues to grow, we will increasingly continue to involve more community members in the decision making process."
Steve Wozniak’s New Venture Capital Fund
In August, Steve Wozniak announced he was involved in what would be a very important blockchain technology related start up. The company, EQUI Global, is concerned primarily with blockchain and cryptocurrency related investment opportunities, and the actual platform itself is constructed using a blockchain network. The EquiTokens are ERC-20 Ethereum network tokens and will facilitate a more streamlined approach investing in the industry.
Top 5 Gainers
Cobrabytes (COBRA) +254.02% at $0.204353
FairCoin (FAIR) +87.12% at $0.329402
Hurify (HUR) +86.50% at $0.006210
Ethereum Monero (EXMR) +69.35% at $0.073395
New Power Coin (NPW) +61.47% at $0.459663
Top 5 Losers
SHADE Token (SHADE) -59.59% at $0.008996
QYNO (QNO) -33.46% at $0.150484
Celsius (CEL) -27.50% at $0.049537
Patron (PAT) -26.24% at $0.011656
Monero Classic (XMC) -25.82% at $1.76
New Coins Listed
Bionic (BNC0) listed to HotBit
Tezos (XTZ) listed to Kraken
TrakInvest (TRAK) listed to GateCoin
By: BGN Editorial Staff