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Crypto Market Update (27 March 2019)

March 27, 2019

 

General Market Outlook

 

The market has recovered from yesterday's downtrend, as well as begun a significant, steady positive growth movement. Nearly all coins are in the green and trading volume has remained high, trending between $36 billion and $37 billion in 24 hours. REPO (REPO), Wayki Chain (WICC) and NULS (NULS) are the major stand outs of the top 100 coins by market cap - up over 54%, 18% and 17% respectively in the past 24 hours. The value of Bitcoin (BTC) is trending at roughly $4,050 once again for +2.5% and a total market dominance of 50.4%, and the value of Ethereum (ETH) is just under $140 for +4.0% change in the past 24 hours. Market cap for the overall cryptocurrency market gained over $5 billion, rising/falling to $142 billion total.

 

 

Major Headlines

 

eToro Acquires Firmo

 

The novel cryptocurrency exchange eToro has been in headlines recently for continued work to expand regional availability of their services. The exchange allows users to interact direct and even mimic the trades of others. However, with this acquisition, it shows the company is looking to diversify their services. The organization has confirmed that they will acquire a smart contract focused startup called Firmo in order to develop tokenized assets and derivatives that could be accessible to any platform. Terms of the acquisition have not be stated. “The Firmo team has done ground-breaking work in developing practical applications for blockchain technology which will facilitate friction-less global trading. The adoption of smart contracts on the blockchain increases trust and transparency in financial services.” - eToro co-founder and CEO Yoni Assia

 

Switzerland Blockchain Insurance Startup

 

B3i was created by some of the world’s largest insurance companies, to begin research in the potential digital transition to blockchain networks. They include Aegon, Allianz and Munich Re, as well as Swiss Re, Tokio Marine, XL Catlin and Zurich. The start up recently raised about $16 million , which now brings its total capital to over $22 million. However, the company is reportedly looking to raise as much as $200 million in order to get their project off the ground. At this time, they have also adding new executives, some of which from existing consortium members. Gerhard Lohmann, CFO of reinsurance at Swiss Re has been replaced by Theo Bachmann, a managing director and the head of the property and casualty (P&C) insurance underwriting center at Swiss Re. A purely non-shareholder in B3i Daniel Quermia, CFO and director at Spanish insurance company MAPFRE RE has been added to the board as well.

 

Alibaba & Aerospace Information Co.

 

In terms of global internet relevance, Alibaba continues to grow. Though the company maintains their roots in ecommerce, their research into other industries is extremely diverse. Most recently, the company has partnered with Aerospace Information Co. to facilitate more efficient research into cloud computing and blockchain technology. “In the field of blockchain, we will jointly provide cloud solutions to promote the development of the blockchain industry.” - Aerospace Information Co. statement

 

 

Top 5 Gainers

 

Eterbase (XBASE) +183.80% at $0.002483

OVCODE (OVC) +173.99% at $0.297130

IceChain (ICHX) +123.01% at $0.000317

Viberate (VIB) +58.52% at $0.044520

PlayGame (PXG) +48.99% at $0.001935

 

 

Top 5 Losers

 

United Bitcoin (UBTC) -39.77% at $1.53

Change (CAG) -34.85% at $0.093990

E-Dinar Coin (EDR) -31.40% at $0.008633

Everex (EVX) -24.44% at $1.02

4NEW (KWATT) -24.12% at $0.007999

 

 

New Coins Listed

 

PACcoin ($PAC) listed to P2PB2B.io

TRX (Tron) listed to Coinone

 

 

 

 

By: BGN Editorial Staff

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