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Crypto Market Update (17 January 2019)

January 17, 2019

 

General Market Outlook

 

The market overall has made no significant change. Coins are again split between positive and negative gains with a number of coins still making strong positive gains. Trading volume has remained between $16 billion and $17 billion in 24 hours. Augur (AUG) and Power Ledger (POWR) are the major stand outs of the top 100 coins by market cap - up over 18% and 17% respectively in the past 24 hours. The value of Bitcoin (BTC) is just short of $6,700 for +% and a total market dominance still at 52.4?%, and the value of Ethereum (ETH) is roughly $125 for no significant change in the past 24 hours. Market cap for the overall cryptocurrency market made no significant change, seeing minor up and down movement, but still staying right around $122 billion total.

 

 

Major Headlines

 

ConsenSys Upgrades New WordPress Platform

 

A new platform from WordPress was developed in partnership with several major tech companies, but most notably - Google and Consensys. Funding for the project was lead by Google from a $1.2 million investment. Consensys added $350,000, but vital blockchain expertise. Other bg contributors were The Lenfest Institute for Journalism and the John S. with  $400,000 and James L. Knight Foundation with $250,000. Called Newspack, the system is designed for small to medium news organizations. Newspack integrates the blockchain-based media platform, Civil Media, which was created by a division of Consensys. This network allows newsrooms to permanently archive content on a decentralized network. “The plugin will also act as a portal that will walk newsrooms through how to join the Civil Registry, the hub of community-vetted and -approved newsrooms” - Civil representative.

 

 

U.S. State May Allow Tokenized Stocks

 

 

In Wyoming, blockchain technology and cryptocurrency development have outpaced much of the rest of the country. Most recently, new legislation has been proposed that would allow issuance of tokenized stock certificates using blockchain technology. Jared Olsen (Republican), along with senator Chris Rothfuss (Democratic) along with six other Republican representatives filed the bill ( House Bill 0185, titled “Corporate stock-certificate tokens”). This is more than about facilitating fintech. Blockchain networks will save the wasteful and inefficient paper-based systems in place. “The articles of incorporation or bylaws of a corporation may specify that all or a portion of the shares of the corporation may be represented by share certificates in the form of certificate tokens,” the proposed bill states. If passed into law, would come into effect from July 1, 2019.

 

Bitwage Facilitates Cryptocurrency Payroll

 

Bitwage has been offering their services and working on improving the ways that people can gain and use cryptocurrency, but a recent partnership could prove to be a major breakthrough for the company. Bitwage has 45 active company clients currently, but this total could skyrocket because of a partnership with Simply Efficient HR. The professional employer organization (PEO) has user base of 20,000. The company is based out of the U.S. state of Texas. Their new service would allow salaried employees to be paid in cryptocurrencies, rather than just contractor laborers. The tax portion is automatically converted into U.S. dollars and paid out to the U.S. tax system.

 

 

Top 5 Gainers

 

CoiToGo (2GO) +424.83% at $0.073323

Hercules (HERC) +184.90% at $0.440099

UpToken (UP) +104.53% at $0.029523

Apollo Currency (APL) +48.95% at $0.001775

Octoin Coin (OCC) +48.55% at $0.123747

 

 

Top 5 Losers

 

Cashaa (CAS) -32.39% at $0.005960

Howdoo (UDOO) -29.39% at $0.011670

Bezop (BEZ) -29.03% at $0.024828

ILCoin (ILC) -27.51% at $0.028889

Ormeus (ORME) -25.30% at $0.025516

 

 

New Coins Listed

 

Axai (AXAI) listed to Nanu

Garuda Token (GAD) listed to WineOne

Logarithm (LGR) listed to AllCoin

 

 

 

By: BGN Editorial Staff

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