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Crypto Market Update (19 November 2018)

November 19, 2018

 

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.

 

 

Major Headlines

 

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

 

 

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