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Crypto Market Update (06 November 2018)

November 6, 2018


General Market Outlook


The market continues to make upward movement. Coins are split between positive and negative gains, but percentage growth is outpacing losses. Trading volume has continued to rise from $14 billion to over $15 billion in 24 hours. XRP (XRP) and Bitcoin Cash (BCH) are the major stand outs of the top 100 coins by market cap - both up over 8% in the past 24 hours. The value of Bitcoin (BTC) is roughly $6,450 for no significant change and a total market dominance of about 51.7%. The value of Ethereum (ETH) is just over $215 for +2.0?% change in the past 24 hours. Market cap for the overall cryptocurrency market steadily gained almost $4 billion, rising to over $216 billion total.



Major Headlines


NASDAQ Forges Market Surveilance Systems


As, the world’s second-largest stock exchange NASDAQ is working to dictate more than their own market. They systems are integrated into markets across the globe because of their industry leading research and development on the process. One of their most important areas is in market surveillance technology. They claim their newest stystem can “stamp out manipulation” in cryptocurrency markets. Although, recently market volatility has been at all time lows. “Regulators, brokers and exchanges have surveillance teams that monitor activity constantly and advanced technologies to help capture and analyze abusive behaviors including pump-and-dump schemes, insider trading, wash trading as well as spoofing and layering.” - Valerie Bannert-Thurner, Senior Vice President and Head of Risk & Surveillance Solutions at NASDAQ. Their SMARTS Market Surveillance solution was first implemented with Gemini in April of this year.


Circle Developing Cryptocurrency “Code of Conduct”


Circle recently joined the Global Digital Finance (GDF) industry body. As a founding member along with Coinbase, ConsenSys, DLA Piper, Diginex, these companies hope to create a universal structure to to the cryptocurrency community. They are committed to developing standards for the industry in order to promote widespread adoption. So far, they have released the Code of Conduct and Taxonomy for Cryptographic Assets via mini-summits held in Asia, Europe and the United States. Prior to release, it was consulted for 60 days with contributions from over 200 firms from the global crypto industry and community. Companies can begin to register with the GDF in the first quarter of 2019.


Bancor Swaps EOS


The Decentralized liquidity network Bancor was created in hopes of facilitating a more unified approach to cryptocurrencies. Their platform is developing methods to directly swap between differing blockchain networks. Most recently they have successfully enabled a swap between their blockchain network and tokens on the EOS network. “The ability to easily convert assets cross-chain points to a future in which token projects and users are empowered to seamlessly interact with any blockchain which best suits their needs.” - Bancor co-founder and head of business development Galia Benartzi



Top 5 Gainers


Bitcoin X (BTX) +307.24% at $0.090571

Delizia (DELIZ) +96.64% at $1.38

Rotharium (RTH) +71.65% at $6.87

QYNO (QNO) +50.38% at $0.169937

Paragon (PRG) +46.21% at $0.065002



Top 5 Losers


RusGas (RGS) -38.35% at $0.000003

CrypticCoin (CRYP) -28.88% at $0.003061

Simmitri (SIM) -27.90% at $0.068154

Bitcoin Incognito (XBI) -21.84% at $0.390594

YouLive Coin (UC) -17.39% at $0.000413



New Coins Listed


VisionX (VNX) listed to Coinbene

Birake (BIR) listed to Cryptopia

Sumokoin (SUMO) listed to NusaX



By: BGN Editorial Staff


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