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October 16, 2018

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Crypto Market Update (26 March 2019)

March 26, 2019


General Market Outlook


The market has taken a mild downward turn in the past 24 hours. Most coins are in the negative, and gains are considerably lesser than over the past several days with no top 100 coins seeing double digit percentage growth. However, trading volume has grown significantly from around $30 billion to over $36 billion in 24 hours. WykiChain (WICC) and Basic Attention Token (BAT) are the major stand outs of the top 100 coins by market cap - up over 9% and 3% respectively in the past 24 hours. The value of Bitcoin (BTC) is trending at roughly $3,950 for -2.0% and a total market dominance of 50.9%, and the value of Ethereum (ETH) is right at $135 for -1.5?% change in the past 24 hours. Market cap for the overall cryptocurrency market lost over $3 billion, falling to $137 billion total.



Major Headlines


Tribe Accelerator’s Big Names


A new Singapore based accelerator for blockchain technology development now has major increase for their support from three major global organizations - BMW Group Asia, Intel and Nielsen. As partners for the organization, the group is looking to the three global companies to share their knowledge and subject expertise in their respective fields with Tribe’s startups. The overall goal for Tribe is building an “inclusive” ecosystem “ready for industry 4.0.” BMW Group Asia plans to provide “masterclasses” and mentoring sessions on how blockchain solutions can be implemented in a mass market situation. Intel Corporation is planning business and technical mentorship to startups. Nielsen will offer “a sandbox with the objective of providing participants with a safe, controlled environment to test new technologies and accelerate the adoption of their solutions.” “To move forward as a society, we need to encourage experimentation, and once the benefits of blockchain technology become evident, mainstream adoption will undoubtedly follow.” - Tribe Accelerator managing partner Ryan Chew


ENRON CEO Entering Blockchain Industry


Former CEO of Enron is potentially looking to enter the blockchain industry. It has been only one month since Jeffrey Skilling has been released from jail, but he is supposedly looking to get back into big business. The scandal that brought him to jail happened in early 2001, where his company knowingly operated for the benefit of its stakeholders. He was initially sentenced to 24 years and fined $45 million in 2006. He was indicted on 35 counts of fraud, insider trading and other crimes, but the sentence was later reduced to 14 years by a U.S. district judge. According to the the Wall Street Journal Jeffrey Skilling could be planning a digital platform relating to investment in the oil and gas industry.


Tor Project Accepting Crypto Donations


The Tor Project is the non-profit which supports the Onion browser, used for browsing the internet anonymously. Although the impression is that this is only used for illicit activity, anonymous internet access truly provides the most basic freedoms in a digital age. For countries where internet is censored, this can be the only way to leak information of the realities happening in war torn nations. And even elsewhere, many website are integrating data of users for targeting advertisement - this is both good and bad for consumers. It can be useful, but when coupled with an ability to set pricing, this can be a dangerous system to fall into. The company had already accepted bitcoin for a number of years, but accepts a total of 10 cryptocurrencies. Further, these donations were accepted through BitPay, but they are no sent directly to Tor, which converts the funds through the Kraken exchange. “We focused on two things: the return on investment of time and effort and the coins donors had specifically requested. We are currently limiting the number of separate wallets we need to monitor and manage and also only accepting currencies that can be converted to fiat via Kraken.” - Tor fundraising director Sarah Stevenson



Top 5 Gainers


Adshares (ADS) +2233.73% at $0.374806

OAX (OAX) +130.01% at $0.358009

BitMax Token (BTMX) +85.05% at $0.209352

Everex (ADX) +57.68% at $1.28

AdEx (TICK) +41.96% at $0.200671



Top 5 Losers


Universal Cash (UCASH) -29.91% at $0.000157

CyberVein (CVT) -29.67% at $0.018303

Coni (CONI) -27.02% at $0.036666

United Bitcoin (UBTC) -26.13% at $2.49

0xcert (ZXC) -25.92% at $0.001777



New Coins Listed


SnowGem (XSG) listed to FEX

Fetch (FET) listed to CoinSuper




By: BGN Editorial Staff

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