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Crypto Market Update (04 February 2019)

February 4, 2019

 

General Market Outlook

 

The market has made no significant change/ continues to consolidate/move sideways make upward/downward movement. Nearly all coins are in the green/red and trading volume has moved between $? billion and $? billion in 24 hours. Maker (MKR) and THETA (THETA) are the major stand outs of the top 100 coins by market cap - up over 18% and 8% respectively in the past 24 hours. The value of Bitcoin (BTC) is just over $3,450 for -0.5% and a total market dominance of 53.3%, and the value of Ethereum (ETH) is just short of $110 for no significant  change in the past 24 hours. Market cap for the overall cryptocurrency market moved by less than $1 billion, falling to $114 billion total.

 

 

Major Headlines

 

Axel Springs SE Signs On Satoshi Pay

 

SatoshiPay is similar payment network to the Bitcoin Lightning network, but is built on the Stellar Lumens open-sourced network. The system is a secondary layer to the main Stellar Lumens ledger allowing for nearly instant global payments. The company has an easy to use payment widget that can be included anywhere on any web page. It automatically transforms HTML Tags into digital goods. It is now being used by Axel Springs SE, which is the digital publishing house in Europe. Purchases of the company’s online products will now be directly credited to the publisher’s account without having to be processed through an intermediary. “Blockchain payments can significantly reduce transaction costs and thus enable new monetisation systems for content.” - Axel Springer’s senior vice president for new business, Dr Valentin Schöndienst,

 

 

Cboe Makes Another Attempt

 

Last month, the Chicago Board of Exchanges pulled back one of their Bitcoin-based ETF proposals from the United States Securities and Exchange Commission. At the time, the United States government was undergoing a “shut down.” This is something particular to the United States which often puts thousands of government employees without money to support themselves and their families for weeks. The company has been working for well over a year to produce adequate language for a Bitcoin based exchange traded product to be licensed by the financial regulators. The joint proposal with VanEck and SolidX. allow the Cboe BZX Exchange to list shares of a bitcoin ETF trust. Many proponents of a bitcoin ETF believe that the fund will help bring fresh money into the space, creating a more liquid market.

 

BitLicense To Another Bitcoin ATM Provider

 

The financial regulators of the state of New York have still only provided less than 20 BitLicenses, which allow companies to legal deal in cryptocurrencies of all kinds. Cottonwood Vending LLC has announced their new license, making them the third Bitcoin ATM provider to gain a BitLicense.

 

In November 2017 Coinsource was the first bitcoin ATM operator to receive the license, which took a three-year application process. LibertyX was then awarded a license last week. “It is a monumental personal achievement of mine, and also acknowledges all the hard work and tireless efforts of my support & compliance staff over the years to maintain a 24/7 safe, secure, and reliable financial service. This license will also allow us to continue to serve the historically underserved, and all New Yorkers, for many more years to come!” - Cottonwood CEO and founder Aniello Zampella

 

 

Top 5 Gainers

 

MMOCoin (MMO) +129.07% at $0.002725

Bitcoiin (B2G) +50.71% at $0.286666

BitTorrent (BTT) +43.13% at $0.000821

TCC Protocol (TTC) +39.68% at $0.019655

POPCHAIN (PCH) +34.92% at $0.002365

 

 

Top 5 Losers

 

Aencoin (AEN) -41.53% at $0.008780

LocalCoinSwap (LCS) -22.84% at $0.017618

DEX (DEX) -21.80% at $0.035855

Bigbom (BBO) -20.77% at $0.000470

VeThor Token (VTHO) -18.21% at $0.000243

 

 

New Coins Listed

 

PIVX (PIVX) listed to Huulk Exchange

 

 

 

 

By: BGN Editorial Staff

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