General Market Outlook
The market has made no significant downward movement with most coins in the negative. Trading volume has risen from $13 billion to $18 billion in 24 hours. Nasdaoin (NSD) is the only the major stand outs of the top 100 coins by market cap - up almost 6% in the past 24 hours. The value of Bitcoin (BTC) is roughly at $5,100 for -1.0% and a total market dominance of about 52.9%, and the value of Ethereum (ETH) is just over $155 for -12.0?% change in the past 24 hours. Market cap for the overall cryptocurrency market steadily declined over the past 24 hours, declining by about $18 billion, falling to over $167 billion total.
Largest City In Spain Raising Money For Blockchain
The government of Bilbao, Spain has developed a €150,000 fund to develop a blockchain for public services. Officials of the largest region of Bilbao, Basque country want to start a decentralized platform that is designed to allow one to act with “power of attorney” online. One company has been chosen for the contract to develop the blockchain network within 6 months. According to the technical description of the possible new tender, the company which wins the bid to build the network is chosen to be similar to EJIE. EJIE is a digital platform owned by the Basque country’s government, and operates on JPMorgan’s Quorum. Their distributed ledger and smart contract platform designed for financial needs and based on the Ethereum (ETH) blockchain. Bilbao’s authorities want to exchange the data between different public institutions more smoothly using the interoperability of EJIE.
Crypto.com Launching Card
Formerly known as Monaco, Crypto.com will soon be launching a visa debit card that can be loaded with cryptocurrencies and used like any standard credit card or debit card. The company claims that they will be launching the card in the United States and Singapore, although launch in the U.S. has not been confirmed. They claim the card has been approved in partnership with its local bank partner Metropolitan Commercial Bank. Benefits of the card will be up to 2% token rewards with its native MCO token, airport lounge access on selected cards, tap-and-pay feature, as well as competitive interbank rates. They currently have 100,000 users ready to receive their cards and they will be accepted at over 40 million locations worldwide, online and offline. The card does not facilitate fiat to crypto exchanges, but the cards can be used for no-fee ATM withdrawals.
Russian Authors Using Blockchain
The Russian Authors' Society will launch a financial platform to provide intellectual property-secured loans using blockchain technology. The new platform called CoFi is intended to be launched in Q1 2019. The purpose is to bring together potential intellectual property rights holders and investors with an easy way to provide loan funds.
Top 5 Gainers
Animation Vision Cash (AVH) +127.79% at $0.000965
StarChain (STC) +29.39% at $0.005440
Birake (BIR) +24.95% at $0.135465
Ternio (TERN) +22.79% at $0.022218
0xBitcoin (0xBTC) +22.26% at $0.509636
Top 5 Losers
Thore Cash (TCH) -65.04% at $0.001898
PRASM (PSM) -41.46% at $0.000749
ChatCoin (CHAT) -37.56% at $0.005421
Datarius Credit (DTRC) -37.31% at $0.000874
Metaverse ETP (ETP) -36.31% at $1.73
New Coins Listed
Bitcoin SV (BTSV) listed to Bittrex
NEO (NEO) listed to BiteBTC
MicroMines (MICRO) listed to CatEx
CarTaxi Token (CTX) listed to Bitker
By: BGN Editorial Staff