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Crypto Market Update (11 December 2018)

December 11, 2018

 

General Market Outlook

 

The market is beginning to consolidate somewhat. Coins are split between positive and negative gains, with many coins making large double digit gains today. Trading volume however has slowed to between $13 billion and $12 billion in 24 hours. DEX (DEX) and TenX (PAY) are the major stand outs of the top 100 coins by market cap - up over 52% and 32% respectively in the past 24 hours. The value of Bitcoin (BTC) is around $3,400 for -3.0% and a total market dominance of about ?%, and the value of Ethereum (ETH) is right at $90 for -4.0?% change in the past 24 hours. Market cap for the overall cryptocurrency market declined by over $4 billion, falling to $107 billion total.

 

 

Major Headlines

 

UNICEF Blockchain Investments

 

Global organizations around the world are turning to blockchain technology to solve border payment issues and supply chain management advancements. This has been especially prevalent with non-profits that have less rigid constraints to their business models. UNICEF has announced a total of $100,000 funding dedicated to six blockchain startups. This is an additional amount through their dedicated innovation fund of 20 other tech firms the non-profit has already helped. The six startups are Atix Labs and Onesmart (platforms for tracking finances), Prescrypto (platform to track patient histories), Statwig (vaccine delivery with a supply chain platform), Utopixar (social collaboration tool), and W3 Engineers (offline networking system). “Blockchain technology is still at an early stage – and there is a great deal of experimentation, failure, and learning ahead of us as we see how, and where, we can use this technology to create a better world.” - UNICEF Innovation principal advisor Chris Fabian

 

HTC Phone Has Brave Built In

 

Brave is an open-source web browser with a built-in cryptocurrency, and was designed with open-source software for superior performance against pop-ups, advertisements and web-trackers. Their platform and the Basic Attention Token (BAT) allows users to maintain rights as citizens to secure their information. As data theft has become a major issue from mobile devices, HTC is leveraging this as marketing tool as well as for its services. The Exodus 1 is one of the world’s first dedicated blockchain smartphones, and will only be able to be purchased using cryptocurrencies.

 

KFC Venezuela Accepts DASH

 

Beginning this week the fast food chain, Kentucky Fried Chicken will accept the cryptocurrency DASH. The launch will include 24 of their locations in the country. They now join Subways and Papa John’s restaurant chains as cryptocurrency accepting fast food chains in Venezuela. For DASH specifically, this is part of a major push into being a commonly used cryptocurrency. DASH is accepted at 2,445 merchants already, which started with businesses such as food trucks and small businesses. It is extremely useful in the country because Dash now facilitates a an SMS payment protocol. This means that citizens can make what is essentially a cash payment, using just a standard phone, not a smart phone.

 

 

Top 5 Gainers

 

Sharpay (S) +464.20% at $0.002296

Flixxo (FLIXX) +67.68% at $0.024514

DEX (DEX) +52.04% at $0.360083

Bankera (BNK) +41.72% at $0.004861

Twinkle (TKT) +39.77% at $0.001584

 

 

Top 5 Losers

 

HyperQuant (HQT) -49.35% at $0.005646

BaaSid (BAAS) -36.14% at $0.001218

Insight Chain (INB) -31.13% at $0.175864

Bloom (BLT) -24.24% at $0.056671

Factom (FCT) -24.13% at $9.13

 

 

New Coins Listed

 

SafeInsure (SINS) listed to Cryptopia

Paradise Coin (PRD) listed to Cryptopia

Foamspace (FOAM) listed to Poloniex

MIOTA (MIOTA) listed to Livecoin

 

 

 

By: BGN Editorial Staff

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