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Crypto Market Update (13 February 2019)

February 13, 2019


General Market Outlook


The market has made no significant change over the past day, with coins again split between positive and negative gains. However, today trading volume has risen by $2 billion, now trending between $20 and $21 billion in 24 hours. Bitcoin Private (BTCP) and MOAC (MOAC) are the major stand outs of the top 100 coins by market cap - up over 36% and 14% respectively in the past 24 hours. The value of Bitcoin (BTC) is still trending right around $3,650 for no significant change and a total market dominance of 52.7%, and the value of Ethereum (ETH) is just over $120 for no significant change in the past 24 hours. Market cap for the overall cryptocurrency market rose to nearly $123 billion briefly, but has since fallen back to roughly the same total as yesterday - $120 billion.



Major Headlines


Binance Decentralized Exchange Launching Next Week


Public testing of the new decentralized network created by the world’s most active cryptocurrency exchange Binance will begin tomorrow. The network’s native token will be fully compatible with the Ledger and Nano S hardware wallets at launch, and will extend compatibility to Nano X, Trezor and KeepKey soon after. While listing fees for most centralized exchanges are next to nothing, the new Binance decentralized exchange will be exclusive. The listing fee will be about roughly $100,000, in order to prevent listing spam and scam projects. “Binance DEX works very similar to bitcoin, so most transactions are transparent. There’s no hidden transactions or private transactions. Binance Coin on the Binance Chain is the same as the Ethereum coin on the Ethereum network. You will have to use it to pay for network transactions, as gas.” - Binance CEO Changpeng Zhao


GM Partners With Spring Labs


American Car maker General Motors has formed a partnership with the blockchain startup spring labs to research and develop ways that the new technology can benefit their auto finance systems. They joined the group of companies in Spring Lab’s Spring Founding Industry Partners Program, which is focused on creating a regulatory compliant solution for ID verification and identity fraud prevention. Other members include SoFi, OnDeck Capital, Avant, GreenSky, Funding Circle, BlueVine, Fundation, Upgrade, Fundbox and Better Mortgage. “We are actively exploring the development of auto finance and GM specific use cases, in addition to the identity verification products being developed,” co-founder and CEO Adam Jiwan


Boehringer Ingelheim Will Pilot IBM Blockchain


The Canadian division of a Germany-based pharmaceutical company is looking to IBM to create a pilot blockchain network project to raise the quality of clinical trials. By using a public blockchain network to store and record data of clinical trials, there would much less room for private companies to curtail results in favor of their product or business model. Overall, the project will test how blockchain can help provide a decentralized framework to preserve the integrity of data, provides “provenance and transparency.” Further, it could enable new forms of automation within the processes. “The clinical trial ecosystem is highly complex as it involves different stakeholders, resulting in limited trust, transparency and process inefficiencies without true patient empowerment.” - Dr. Uli Brödl, vice president for medical and regulatory affairs at Boehringer Ingelheim (Canada).



Top 5 Gainers


Proton Token (PTT) +53.88% at $0.000209

Empowr coin (EMPR) +52.59% at $0.000004

Soma (SCT) +46.60% at $0.031241

LTO Network (LTO) +44.88% at $0.115386

Bigbom (BBO) +43.33% at $0.000995



Top 5 Losers


The Currency Analytics (TCAT) -65.25% at $0.006756

Cashaa (CAS) -37.99% at $0.004922

HempCoin (THC) -35.54% at $0.012244

Bitcoiin (B2G) -26.35% at $0.242883

PlayGame (PXG) -25.86% at $0.002145



New Coins Listed


Stellar (XLM) listed to BankCEX

MetaHash (MHC) listed to KuCoin




By: BGN Editorial Staff

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