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Crypto Market Update (07 February 2019)

February 7, 2019

 

General Market Outlook

 

The market has made no significant change over the past 24 hours. There are more coins in the past 24 hours with double digit gains than yesterday, and trading volume has slowed to between $15 billion and $16 billion in 24 hours. Quant (QNT) and Basic Attention Coin (BAT) are the major stand outs of the top 100 coins by market cap - up over 35% and 17% respectively in the past 24 hours. The value of Bitcoin (BTC) is again trending right at $3,400 for no significant change and a total market dominance of 53.4%, and the value of Ethereum (ETH) is trending again at $105 for no real change in the past 24 hours. Market cap for the overall cryptocurrency market moved primarily sideways, still wavering between $111 and $112 billion total.

 

 

Major Headlines

 

New Switzerland Cryptocurrency Exchange

 

Switzerland has been a leader in the cryptocurrency for years because of their favorable laws for businesses that handle or work with the technology. Now one of the traditional fiat stock exchanges based in the country has recently announced plans for a new platform that will speed up the trading process on their exchange. The SIX exchange trade process currently takes more than four steps to engage, and can take more than a day to complete. The company will integrate a blockchain technology style system to drastically reduce these issues. It will not be offered for all stocks on the exchange, but they have plans for support of a wider range of stocks and bonds in the future. “This is the beginning of a new era for capital markets infrastructures. For us it is abundantly clear that much of what is going on in the digital space is here to stay and will define the future of our industry.” - CEO Jos Dijsselhof

 

Opera Browser Direct ETH Purchases

 

The opera browser for Android mobile devices has announced a major upgrade for cryptocurrency users. The company partnered with regulated crypto brokerage Safello to provide a cash-to-crypto exchange for ETH directly from the Opera Browser wallet. Purchases can be made with credit and debit cards, as well as payment networks such as Swish in Sweden. Safello is registered with Sweden’s Financial Supervisory Authority, and will verify users who make purchases using Sweden’s BankID and Denmark’s NemID citizens’ identity solutions. Transactions will be nearly instantaneous. The service will be offered in Sweden, Norway and Denmark for the initial launch, but the company has plans to expand the service. “We think that the next important phase for crypto will come from usage and that for it to reach wider adoption, it has to be easy to buy and easy to use.” - Charles Hamel, Opera’s crypt product lead

 

Abra App Tokenized Stocks

 

Abra is now offering an introduction to tokenized assets in the United States. The app’s newest feature will give users the ability to buy portions of traditional investment instruments. The app currently supports 50 fiat currencies and over 30 cryptocurrencies, and now offers fractional investments in exchange-traded funds. The feature will be available for users in over 155 countries. It will have zero trading fees for the remainder of 2019 on the new service. “We are building bitcoin-backed investing products because, for the first time, we can truly democratize access to investment opportunities at global scale. It shouldn’t matter where you live or how much you earn to be able to make investments and participate in capital markets.” - CEO, Bill Barhydt

 

 

Top 5 Gainers

 

HempCoin (THC) +138.62% at $0.024510

Upfiring (UFR) +61.14% at $0.131469

DEX (DEX) +60.89% at $0.058661

Vitae (VITAE) +60.20% at $0.650386

Groestlcoin (GRS) +44.42% at $0.650386

 

 

Top 5 Losers

 

MyToken (MT) -55.18% at $0.001225

Ti-Value (TV) -28.30% at $0.033484

Everus (EVR) -24.97% at $0.028780

VeriMI (MI) -24.61% at $0.002224

Fire Lotto (TICK) -19.50% at $0.026478

 

 

New Coins Listed

 

Komodo Platform (KMD) listed to Beaxy Exchange

Spectrum (SPT) listed to EtherFlyer

 

 

 

 

By: BGN Editorial Staff

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