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Crypto Market Update (25 October 2018)

October 25, 2018

 

General Market Outlook

 

The market continues to make no strong movements overall. More coins have made small percentage losses in the past 24 hours than gains. Trading volume has remained right between $10 billion and $9 billion in 24 hours. Revain (R) and Nexo (NEXO) are the major stand outs of the top 100 coins by market cap - up over 26% and 20% respectively in the past 24 hours. Bitcoin (BTC) is at  $6,450 for -0.5% and a total market dominance of 53.7%, and Ethereum (ETH) is right at about $200 for -1.0% change in the past 24 hours. Market cap for the overall cryptocurrency market lost just $2 billion, down to $209 billion total.

 

 

Major Headlines

 

First EU Blockchain Securities Depository

 

Setl has been approved by the French financial regulatory body to operate a central securities depository. Their blockchain network will first be connected to one of the European settlement networks facilitated by the European Central Bank. The Target2-Securities platform will integrate Setl’s blockchain solutions to increase settlement speeds of cross-border payments. They hope to launch the full service by early 2019. Setl is a permissioned network founded by two industry experts of finance and blockchain technology. Peter Randall is the former CEO of the alternative European stock exchange, and Anthony Culligan previously founded a peer-to-peer bitcoin trading website called Roolo.

 

Air Canada To Integrate Blockchain

 

A blockchain travel ecosystem called Winding Tree will facilitate a new process for inventory, distribution and transactions of all of Air Canada’s travel related products. Air Canada is the largest operating airline in Canada. This could include anything from special flight tickets, physical products for traveling, food and beverages or even digital content. The network will likely bring lower prices because consumers will be able to transact directly with the supplier, rather than their being intermediaries slowing down payments and raising costs. Winding Tree is a decentralized, open-source platform meaning any activity on their network are publicly viewable.

 

Sony Designs Bitcoin Wallet

 

The Research and Development department of Sony in Japan has designed a novel form of Bitcoin wallet. The wallet is uses IC smart card technology to produce a contactless wallet. This means the data of the wallet don’t need to be connected to the internet, or even connected to a device via a usb connection. The storage method for generating and storing private keys on the device are claimed to be highly tamper-proof. But data storage is not limited to Bitcoin, as the device has the capacity to store permissioned key storage for things like personal contact or identity information. Sony has not said whether the device will be launched as a product for public distribution.

 

 

Top 5 Gainers

 

PrimeStone (PSC) +590.82% at $0.012911

Olive (OLE) +68.22% at $0.008487

Karma (KRM) +53.88% at $0.002911

BitWhite (BTW) +37.90% at $0.016607

SIBCoin (SIB) +37.44% at $0.181219

 

 

Top 5 Losers

 

RusGas (RGS) -34.02% at $0.000110

RealChain (RCT) -30.76% at $0.002279

XMCT (XMCT) -27.13% at $0.005165

MSD (MSD) -21.65% at $0.006586

ZPER (ZPR) -21.50% at $0.004598

 

 

New Coins Listed

 

Lisk (LSK) listed to Exmo

Provoco (VOCO) listed to HitBTC

Humaniq (HMQ) listed to HitBTC

BlockMason Credit Protocol (BCPT) listed to IDCM

 

 

By: BGN Editorial Staff

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