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Crypto Market Update (12 November 2018)

November 12, 2018

 

General Market Outlook

 

The market did not make much significant change over the weekend, but is now making a slight uptrend. The small majority of coins are in the green and trading volume has risen by $2 billion, now almost $15 billion in 24 hours. MOAC (MOAC) and NEM (XEM) are the major stand outs of the top 100 coins by market cap - up over 18% and 17% respectively in the past 24 hours. The value of Bitcoin (BTC) is around $6,400 for +0.5% and a total market dominance of about 52.2%, and the value of Ethereum (ETH) is roughly at $215 for +1.0?% change in the past 24 hours. Market cap for the overall cryptocurrency market gained over $2 billion, rising to $213 billion total.

 

 

Major Headlines

 

Kaleido & AWS New Marketplace

 

A new developer full-stack platform by Kaleido and Amazon Web Services claims to reduce the necessary custom code to integrate an enterprise blockchain network by 80%. Kaleido Marketplace provides essentially a plug-and-play method for business to begin reducing their network usage and gain all the benefits of blockchain technology. The full-stack tools and protocols span from back-end development to front-end app user interfaces. The system has ready made solutions for the primary concerns with these networks of privacy and wallet security.  “HD wallets for privacy and ID registries for organizational identity, as well as industry products such as Chainlink for smart contract oracles, Viant for supply chain management, OpenLaw and Clause.io for real-time legal contracts.”

 

Ether Delta Founder Charged By SEC

 

In June of last year certain regulatory changes were made in the U.S. that mandated the decentralized cryptocurrency exchange Ether Delta must either register with the Securities and Exchange Commission or file for an exemption to the new law. EtherDelta founder Zachary Coburn chose to forgo either option, and has now been sentenced by the regulatory body. He consented to cooperate and to pay the state $300,000 in unlawful profits, $13,000 in prejudgment interest and a $75,000 general penalty. This could be the first of many cases, as the SEC reported earlier this month that it is taking action against “dozens” of cryptocurrency related businesses.

 

One Of The Largest Mining Facilities Now Functional

 

DMG Blockchain Solutions began construction on a new mining facility in July of this year. The company provides an array of blockchain technology services, but this is the largest move into mining. The company operates out of Canada, and their new 27,000 square foot facility is the largest in North America, starting at 60 megawatts, and can expand its capacity up to 85 megawatts. Canada providers considerably lower energy costs because of their focus on renewable sources such as hydro electric.

 

 

Top 5 Gainers

 

Mallcoin (MLC) +55.62% at $0.010125

DIMCoin (DIM) +45.85% at $0.002346

NovaCoin (NVC) +47.83% at $8.51

Olive (OLE) +40.20% at $0.007499

Patron (PAT) +35.76% at $0.021539

 

 

Top 5 Losers

 

IXTUS Edutainment (IXE) -34.46% at $0.007867

Pedity (PEDI) -30.93% at $0.002619

Darico Ecosystem Coin (DEC) -26.06% at $0.131450

Rentberry (BERRY) -24.86% at $0.008128

StarChain (STC) -22.10% at $0.004294

 

 

New Coins Listed

 

Hycon (HYC) listed to KRW Exchange

PIVX (PIVX) listed to Netcoins

TrueDeckProject (TDP) listed to HitBTC

 

 

 

By: BGN Editorial Staff

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