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Crypto Market Update (04 December 2018)

December 4, 2018

 

General Market Outlook

 

The market has made a significant break from the downward movement yesterday and over the weekend prior to that. A big portion of coins are in the green, with many making double digit gains. Trading volume has risen somewhat, wavering between $13 billion and $15 billion in 24 hours. Waves (WAVES), Nexo (NEXO) and Odem (ODE) are the major stand outs of the top 100 coins by market cap - up over 58%, 19% and 17?% respectively in the past 24 hours. The value of Bitcoin (BTC) is just under $4,000 for +2.0% and a total market dominance of about 53.7%, and the value of Ethereum (ETH) is nearly/just over/roughly/right at $110 for +3.0% change in the past 24 hours. Market cap for the overall cryptocurrency market made some major positive movement, but has since come down to a gain of just $3 billion, now sitting around $128 billion total.

 

 

Major Headlines

 

New Research Center In Austria

 

21 scientific institutions, 54 companies, 17 associated participants, and 16 international institutions and companies have come together on a project for blockchain development in Austria. The Austrian government sponsored research and promotion agency coordinates this type of research, working with The COMET Centers to tie this one together. The new Austrian Blockchain Center look to create a strong multidisciplinary and focus on Internet of Things (IoT), finance, energy, logistics, and applications in public administration. More specifically, they will dive into the founding principles that support the industry of cryptography and security, cryptoeconomic modelling, emerging industries, data science methods for blockchain analytics and predictions, along with the legal and political implications that result. The project was funded by the Austrian Ministry for Transport, Innovation and Technology, and the Federal Ministry for Digital and Economic Affairs.

 

ASUS Mining Developments

 

One of the world's largest graphics card producers is ASUS. The Taiwan-based company is now partnered with Quantumcloud to create a line of GPUs that have a cryptocurrency mining focus. They products will allow users to mine Bitcoin in the downtime of the hardware. Unlike traditional mining processes, users will receive earnings using PayPal or Chinese app WeChat. ASUS Quatumcloud make no guarantee on specific profits or outcomes for users. They expect users to estimate cost potential themselves, as not everyone pays the same price for electricity - the primary cost involved in cryptocurrency mining.

 

General Motors Blockchain Patent

 

Development of self-driving cars is in the works for nearly every major car company around the world, but GM is pushing boundaries for the revolutionary process in the patent office. Their most recent application proposes a system using blockchain technology to manage data from entire fleets of automated cars. Currently systems for such vehicles do not incorporate the ability for the cars to “speak” to each other. Using a blockchain network would provide a platform to facilitate these communications with the security of an immutable ledger. It could provide a myriad of other benefits as well, such as paying tolls, parking costs and other fee based services.

 

 

Top 5 Gainers

 

RoBET (ROBET) +294.50% at $2.04

CoinToGo (2GO) +115.01% at $0.071113

Octoin Coin (OCC) +66.63% at $0.641854

Cyclean (CCL) +61.29% at $0.001802

Waves (WAVES) +58.20% at $2.27

 

 

Top 5 Losers

 

Welltrado (WTL) -43.71% at $0.036528

Ternio (TERN) -30.70% at $0.011024

Elysian (ELY) -16.64% at $0.001906

Animation Vision Cash (AVH) -15.85% at $0.000554

Primas (PST) -14.80% at $0.089378

 

 

New Coins Listed

 

Paycent (PYN) listed to Behind.io

XOVBANK (XOV) - Listed to Decentralized Asset Trading Platform

Bob’s Repair (BOB) - listed to LAToken

 

 

 

By: BGN Editorial Staff

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