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Crypto Market Update (14 December 2018)

December 14, 2018

 

General Market Outlook

 

The market has again turned downward after a small reversal over the past couple days. Most coins are in red somewhat, with not man coins making large percentage gains. Trading volume has moved between $10 billion and $13 billion in 24 hours. Revain (R) and Decred (DCR) are the major stand outs of the top 100 coins by market cap - up over 8% and 4.5% respectively in the past 24 hours. The value of Bitcoin (BTC) is right under $3,300 for -5.5% and a total market dominance of about 55.2%, and the value of Ethereum (ETH) is just about $85 for -6.5?% change in the past 24 hours. Market cap for the overall cryptocurrency market declined steadily by $6 billion over the past 24 hours, falling to $102 billion total.

 

 

Major Headlines

 

Gaming Rewards Through Mining

 

There are many tech companies with established user bases now using cryptocurrencies in novel ways. Mining with excess computing power has most recently made headlines for illicit attempts and hacking users’ devices. However, private companies and even some global non-profits have begun to offer the opportunity to offer up your excess computing power for the reward of cryptocurrencies or donations in favor of the non-profit. Razer, a gaming hardway

manufacturer is now building on this concept using their own cryptocurrency. They know their user base likely has powerful computers with the type of graphics cards needed to mine cryptocurrencies, so they will no be offering this choice. In return, users will be rewarded primarily with loyalty points under Razer’s Silver program. How much will depend on how much available extra processing power they have.

 

U.S. Wall Coin?

 

In what seems almost to be a satire, one U.S. congressman has proposed a solution to lack of funding for building a wall between the Mexican-American border that utilizes a cryptocurrency. The idea started when Ohio Congressman Warren Davidson broached the topic of crowdfunding. Cryptocurrencies have forged a new and more efficient space in the financial world for crowd funding through ICOs. “You could do it with sort of like a crowdfunding site or you could do a blockchain and you could have WallCoins, but you could raise the money and frankly if we get it right at the Treasury you could even pay with Mexican pesos.” - Warren Davidson.

 

Bitcoin Holiday Rewards

 

Some of the biggest global retail stores are using Bitcoin as a means for providing loyalty or reward style points for customers buying during this holiday shopping season. One of the biggest names to be doing this is Sephora, through an app called Lolli, which has driven their user base to be 30% women. This is unusual for anything related to the cryptocurrency where men dominate the field in almost every aspect. Lolli was launched only just earlier this year in September after the company had raised $2.35 million as just a 6-person startup company.

 

 

Top 5 Gainers

 

XcelToken (XCEL) +134.57% at $0.013632

WITChain (WIT) +68.24% at $0.000058

Platinum (PLAT) +54.38% at $0.000582

Pillar (PLR) +52.95% at $0.068757

SegWit2x (B2X) +43.08% at $0.002009

 

 

Top 5 Losers

 

Empower coin (EMPR) -54.47% at $0.000008

DEX (DEX) -46.88% at $0.233587

RealTract (RET) -35.04% at $0.000080

HYCON (HYC) -32.48% at $0.011438

XMCT (XMCT) -28.98% at $0.002355

 

 

New Coins Listed

 

Zcash (ZEC) listed to Livecoin

Nano (NANO) listed to Cobinhood

Kolin (KOLIN) listed to STEX Exchange

GrooCoin (GROO) listed to STEX Exchange

Auxilium (AUX) listed to NusaX

 

 

 

By: BGN Editorial Staff

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