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Crypto Market Update (18 December 2018)

December 18, 2018

 

General Market Outlook

 

The market has made considerable movements in the past 24 hours with an overall upward trend. Nearly all coins are in the green and trading volume has risen strongly from about $14 billion to almost $18 billion in 24 hours. Waves (WAVES) and MobileGo (MGO) are the major stand outs of the top 100 coins by market cap - up over 29% and 21% respectively in the past 24 hours. The value of Bitcoin (BTC) is just over $3,500 for +2.0% and a total market dominance of 54.1%, and the value of Ethereum (ETH) is just under $95 for +2.0?% change in the past 24 hours. Market cap for the overall cryptocurrency market gained $5 billion, falling to almost $115 billion total.

 

 

Major Headlines

 

Facebook Trail Of New Blockchain Hires

 

Although there have been no official announcements by Facebook, they can’t hide the series of new hires and job postings for blockchain related development recently. The company has hired several executives from companies that have done a great deal of research and development in the industry. Recent hires are former president at PayPal and VP of Messenger at Facebook David Marcus, former Instagram product chief Kevin Weil, and head of engineering at Instagram James Everingham as well. Facebook’s DLT-focused research group will likely be looking to solve the problem of user data security breaches, and potentially an in-house payment method through Facebook and, or Facebook Messenger. Facebook is already used by billions world-wide, some of which don’t have access to traditional banking, could they help make a more fair global economy with blockchain technology?

 

Zebay Major European Expansion

 

One of the largest cryptocurrency exchanges in India has continually been Zebpay. The company is now expanding to 21 other countries in addition to India, and their headquarters location of Malta. The move was made in 2015 when the government in India forced the company to close down their services within the country, but they have since returned. The new platform is called "Zebpay Europe.” and will be offered in Malta, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Netherlands, Poland, Portugal, Slovenia, Sweden, and Austria. It includes a mobile app for crypto-to-crypto trading, but will offer euro-crypto withdrawals and deposits on the standard website - these include rewards for using the platform, rather than fees - + 0.25% reward per transaction for all our traders.

 

IBM Solving India’s Communication Issues

 

IBM Research vice president and CTO of IBM India/South Asia, Sriram Raghavan has been focused on blockchain solutions regarding the Do No Call registries and mobile number portability for Indian citizens for most of 2018. By next year he hopes that their research will launch a live system. “We have completed proof of concepts and pilots with all the major telecom providers and with TRAI [Telecom Regulatory Authority of India] in this space. We anticipate going into the New Year, we’ll start to see blockchain solutions getting rolled out...

[Blockchain] gives TRAI as a regulator more visibility and spot malfeasance quickly. Mobile number portability too is a multiparty process involving a minimum of two telecom providers, where blockchain can play a role.”

 

 

Top 5 Gainers

 

Waves Community Token (WCT) +64.33% at $0.638985

Distributed Credit Chain (DCC) +41.81% at $0.001300

StarChain (STC) +34.54% at $0.000873

DecentBet (DBET) +31.64% at $0.018163

Vipstar Coin (VIPS) +31.38% at $0.000078

 

 

Top 5 Losers

 

Empowr coin (EMPR) -46.42% at $0.000002

Etheroll (DICE) -33.02% at $0.253720

Patron (PAT) -22.74% at $0.013541

Usechain Token (USE) -22.25% at $0.000974

BANKEX (BKX) -20.78% at $0.027379

 

 

New Coins Listed

 

Jibrel (JNT) listed to Bittrex International

GoPower (GPT) listed to Yobit

Buggyra Zero Dice (BCZERO) listed to Yobit

EBSP Token (EBSP) listed to Yobit

PumaPay (PUMA) listed to Yobit

Kimex (KMX) listed to Yobit

AMA Token (AMA) listed to Yobit

Monero (XMR) listed to DEEX

0xBitcoin (0XBTC) listed to Mercatox

 

 

 

By: BGN Editorial Staff

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