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Crypto Market Update (27 February 2019)

February 27, 2019

 

General Market Outlook

 

The market 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. ABBC Coin (ABBC), Theta (THETA) and Pundi X (NPXS) are the major stand outs of the top 100 coins by market cap - up over 30% 17% and 15% respectively in the past 24 hours. Bitcoin (BTC) is just over  $3,850 for no significant change and a total market dominance of 52.0%, and Ethereum (ETH) is just under $140 for +1.0?% change in the past 24 hours. Market cap for the overall cryptocurrency market made no significant change, still trending at roughly $130 billion total.

 

 

Major Headlines

 

SoftBank - Blockchain For ID Verification

 

One of the biggest telecom companies in Japan is SoftBank, who has been developing blockchain applications previously through an integrated payment system for their users. In partnership with TBCASoft, a U.S. company, the two worked with Synchronoss Technologies to complete a blockchain proof-of-concept for peer-to-peer mobile payments across different carriers. Now the company is looking to develop a platform for more secure and efficient identity verification. Currently stored in a centralized database, the company will trial the TBCASoft application framework - Cross-Carrier Identification System (CCIS). “We envision that individuals should create encrypted digital identities, instead of using and storing multiple usernames and passwords on databases here and there with various qualities of privacy protection. We have been working with TBCASoft on solving identification and authentication problems, and have an answer with CCIS.” - SoftBank vice president Takeshi Fukuizumi

 

Swiss Bank Julius Baer To Add Digital Assets

 

Julius Baer announced a partnership this week with SEBA Crypto AG to create a new platform for digital asset activity. It will offer storage, transaction and investment solutions for digital assets. The platform is planned for later this year, but SEBA must first receive a banking and securities dealer license from the Financial Market Supervisory Authority (FINMA). Their application was filed last June. They companies are “convinced that digital assets will become a legitimate sustainable asset class of an investor’s portfolio.” - Peter Gerlach, head of markets

 

SoFi Adds Cryptocurrency Purchases

 

One of the early millennial-focused investment platforms was SoFi in the United States. Now looking to keep up with the fintech developments happening amongst their competition, the company has partnered with Coinbase to enter the cryptocurrency space. “Our target audience wants to see what the price of cryptocurrency is, and to buy it. They have a desire to do that and in many cases they already are.” - SoFi CEO Anthony Noto. it is unclear if users will be able to select from all of Coinbase’s retail purchase options, or if SoFi will limit purchases to certain coins. The new platform also adds a price tracking feature for the cryptocurrency market.

 

 

Top 5 Gainers

 

Auctus (AUC) +89.95% at $0.040807

IceChain (ICHX) +43.38% at $0.000373

Bread (BRD) +37.39% at $0.294994

CrypticCoin (CRYP) +31.80% at $0.001712

ABBC (ABBC) +30.55% at $0.162310

 

 

Top 5 Losers

 

EncrypGen (DNA) -76.66% at $0.008776

ODUWA (OWC) -70.16% at $0.413953

The Currency Analytics (TCAT) -66.75% at $0.002851

S4FE (S4F) -46.37% at $1.29

United Bitcoin (UBTC) -33.42% at $1.09

 

 

New Coins Listed

 

Ethereum Gold (ETG) listed to Hotbit

 

 

 

By: BGN Editorial Staff

 

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