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Crypto Market Update (06 December 2018)

December 6, 2018

 

General Market Outlook

 

The market has continued in an overall downward movement. Nearly all coins are in the red, but trading volume has is climbing higher than it has been in several days, nearly $16 billion in 24 hours. Bitcoin SV (BSV) and Factom (FCT) are the major stand outs of the top 100 coins by market cap - up over 12% and 2% respectively in the past 24 hours. The value of Bitcoin (BTC) is just about $?3,700 for -4.0% and a total market dominance of about 54.6%, and the value of Ethereum (ETH) is nearly/just over/roughly/right at $97 for -7.5?% change in the past 24 hours. Market cap for the overall cryptocurrency market declined by over $4 billion, falling to $171 billion total.

 

 

Major Headlines

 

U.S. Government Offers Grants For Blockchain

 

While many other countries around the world have already spent years on research and development on cryptocurrencies and blockchain technology, and now have implemented related regulatory definitions and guidelines, the U.S. is now trying to crowdsource security solutions using blockchain technology. The U.S. Department of Homeland Security is offering grants of up to $800,000 for anti-counterfeiting systems. The focus is on “Preventing Forgery and Counterfeiting of Certificates and Licenses.” The grants are non-dilutive, meaning that these private companies will not be forced to give up equity in their business in order to receive the grants. They are open to organizations that have not recieved a government contract in the last year worth $1 million or more. They must also have under 200 employees at the time of application.

 

ErisX Boasts $27.5M Funding Round.

 

Major cryptocurrency related and traditional financial companies such as Bitmain, ConsenSys, Fidelity Investments, Nasdaq Ventures and Monex Group were the leading force behind the second round of funding for a new digital asset trading platform that focuses on derivatives. ErisX was developed by the existing, traditional commodities exchange Eris. CEO Thomas Chippas believes they will be competitive in the growing industry: “With increasing financial support from leading edge firms, ErisX stands to provide the most robust, secure and regulated digital asset offering available to both institutional and individual participants.”

 

U.S. State Pushing Blockchain

 

The U.S. state of Ohio is reaching headlines again for continued support and funding for blockchain technology related projects. A major non-profit headquartered in the state has most recently announced a research fund of $100 million dollars for the technology, specifically provided for two startup accelerators. The company, JumpStart, recently outlined their plans for the funding at the Blockland Solutions Conference in Cleveland, Ohio. This news comes less than two weeks after the state’s government announced they would allow taxes to be paid in Bitcoin by private businesses.

 

 

Top 5 Gainers

 

PutinCoin (PUT) +140.89% at $0.000652

KWHCoin (KWH) +125.86% at $0.001046

AidCoin (AID) +104.15% at $0.045105

Lightpaycoin (LPC) +91.18% at $0.507733

Abulaba (AAA) +62.36% at $0.003844

 

 

Top 5 Losers

 

Cryptosolartech (CST) -54.58% at $0.013097

IHT Real Estate Protocol (IHT) -28.79% at $0.009504

Game.com (GTC) -27.85% at $0.004885

NaPoleonX (NPX) -26.41% at $0.262146

Bodhi (BOT) -26.30% at $0.028885

 

 

New Coins Listed

 

Suqa (SUQA) listed to Cryptopia

XRP (XRP) listed to BiBox

Tron (TRX) listed to MBAEX

 

 

 

By: BGN Editorial Staff

 

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