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Crypto Market Update (02 January 2019)

January 2, 2019


General Market Outlook


The market has steady positive reversal overall. Nearly all coins are in the green, with many seeing strong double digit gains, and trading volume has risen by over $3 billion rising back to between $15 and $16 billion in 24 hours. Dex (DEX) and Buggyra Coin (BCZERO) are the major stand outs of the top 100 coins by market cap - up over 17% and 14% respectively in the past 24 hours. The value of Bitcoin (BTC) is just under $3,900 for +4.0% and a total market dominance of 51.1%, and the value of Ethereum (ETH) is right at $150 for +12.0% change in the past 24 hours. Market cap for the overall cryptocurrency market declined/gained/made no significant change almost $7 billion, rising to $133 billion total.



Major Headlines


Binance Pushing Charitable Systems


The Malta Community Chest Foundation is now working with the Binance Charity endeavour to more efficiently support terminally ill patients, the disabled, disadvantaged, and their families, in Malta and the Gozo region. Their contributions cover medical and social assistance, advisory services, and care packages. Binance is making a contribution of $100,000 worth of USD in cryptocurrency. Along the way, they will be using blockchain to track donations to the campaign. To highlight the benefits for blockchain technology regarding these types of financial transactions, the Maltese foundation will also report on the number of their beneficiaries. They are also planning a televised 12-hour “telethon” to raise further funds and announce total donations.


Class Action Lawsuit Against Nvidia


Nvidia is being sued for misleading statements regarding the potential income by using their mining equipment. The claim that statements made by the company on ways to mitigate the effects of the reduced demand from the cryptocurrency market were false. Specialists in shareholder rights litigation and securities-related class action lawsuits at Schall Law Firm formed the case. When there was a massive shortage of mining equipment last year during the massive bull run in cryptocurrency, Nvidia assured investors that they would absorb the effects of a reduction in the demand for mining rigs by crypto miners with strong demand by institutional gamers.


U.S. Politician Insurance Fraud For Mining Equipment


A state Senator from Georgia recently turned himself in after accusations of insurance fraud. Michael Williams is a supporter of cryptocurrencies. He submitted Senate Bill 464, designed to integrate cryptocurrency payment acceptance for state payments and taxes compel the state’s revenue authority to receive cryptocurrency as payments for taxes. But his interests have now become shrouded by legal problems. The politician claimed that computer servers being used to mine cryptocurrency from his campaign offices had been stolen. He made an insurance claim of $300,000 for the equipment. But accusations that he was indirectly responsible for the missing equipment have brought the him to accept the charges against him.



Top 5 Gainers


Profile Utility Token (PUT) +62.56% at $0.011904

ARBITRAGE (ARB) +59.14% at $6.01

NuBits (USNBT) +56.38% at $0.047742

OneRoot Network (RNT) +55.55% at $0.119593

Octoin Coin (OCC) +48.13% at $0.359813



Top 5 Losers


Paragon (PRG) -89.79% at $0.205246

WeShow Token (WET) -31.49% at $0.009548

Rate3 (RTE) -29.36% at $0.001388

Bob’s Repair (BOB) -22.45% at $0.003785

Playgroundz (IOG) -21.05% at $0.036406



New Coins Listed


Decentralized Learning Machine (DML) listed to HotBit



By: BGN Editorial Staff

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