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Crypto Market Update (14 November 2018)

November 14, 2018

 

General Market Outlook

 

The market has made significant downward movement. Nearly all coins are in the red with trading volume jumping by almost $4 billion to over $16 billion in 24 hours. Etheera (ETA) is the major stand outs of the top 100 coins by market cap - up over 11% and ?% respectively in the past 24 hours. The value of Bitcoin (BTC) is down to $5,850 for -8% and a total market dominance of about 53.7%, and the value of Ethereum (ETH) dropped down to $185 for -11% change in the past 24 hours. Market cap for the overall cryptocurrency market declined by about $23 billion, falling to $189 billion total.

 

 

Major Headlines

 

Official Tokenized Asset Platform In Singapore

 

Singapore Exchange Limited (SGX) partnered with the Monetary Authority of Singapore (MAS), to pilot a blockchain platform to tokenize various assets. After a seamless testing period that began in August, the platform will be made available to the public. The consulting work of Deloitte, and Singaporean tech company Anquan during this period played a pivotal role in the effective launch. The new system is called a Delivery versus Payment (DvP) method, and has been submitted for patent approval. “Based on the unique methodology that SGX developed to enable real-world interoperability of platforms, as well as the simultaneous exchange of digital tokens and securities, we have applied for our first-ever technology patent.” - Tinku Gupta, Head of Technology at SGX

 

SpendBitcoins Ads U.S. Government Program

 

In the state of Ohio in the U.S. a science center is now accepting Bitcoins as a payment method. The Great Lakes Science Center now uses BitPay to facilitate BTC payments. There are at least two other U.S. museums that accept Bitcoin as well – the Museum of the Coastal Bend in Texas and St. Petersburg Museum of History in Florida. The change is part of a greater movement in the region, where retail locations hope to build upon the energy behind the new technology. “Accepting bitcoin is just a small part of the momentum to grow a blockchain ecosystem in Cleveland" - CEO Kirsten Ellenbogen

 

UK Cancer Research Blockchain Platform

 

The government of Austria is now using a U.K. cancer research company that developed a  blockchain system to help detect the disease. The device can detect multiple cancer types and record screening results with smart contracts on blockchain. It was developed by Lancor Scientific, who claims as high as 90% accuracy. The company has plans to open a research laboratory in the city of Graz where they will work with local universities including the Technical University of Graz, the Medical University of Graz, and the Sigmund Freud University Vienna on international research projects as well.

 

 

Top 5 Gainers

 

Nasdacoin (NSD) +25.73% at $1.24

OptiToken (OPTI) +24.02% at $0.100756

AirWire (WIRE) +22.54% at $0.012343

Bitcoin Cash SV (BCHSV) +17.77% at $182.31

Paygroundz (IOG) +17.17% at $0.320867

 

 

Top 5 Losers

 

Morpheus Labs (MITX) -41.55% at $0.007019

Bitcoin Cash ABC (BCHABC) -38.91% at $230.09

SPINDLE (SPD) -37.62% at $0.001419

Pedity (PEDI) -34.84% at $0.002010

SpaceChain (SPC) -34.60% at $0.016904

 

 

New Coins Listed

 

PeerCoin (PPC) listed to Fubt Exchange

E-Dinar Coin (EDR) listed to IDAX

 

 

By: BGN Editorial Staff

 

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