General Market Outlook
The market is continuing a major surge upward. Roughly half of the top 100 coins by market cap value are in double digit positive growth for the past 24 hours. Trading volume has continued to surge proportionally, reaching a high of nearly 90 billion, and now trending between $75 billion and $76 billion in 24 hours. Bitcoin Cash (BCH), Dogecoin (DOGE), Augur (REP) and Litecoin (LTC) are the major stand outs of the top 100 coins by market cap - up over 40% , 30%, 24 and 23% respectively in the past 24 hours. The value of Bitcoin (BTC) has no risen over $5,000 for +6.0% and a total market dominance of 50.2%, and the value of Ethereum (ETH) is nearing $170 for +9.0% change in the past 24 hours. Market cap for the overall cryptocurrency market declined/gained/made no significant change almost $14 billion, rising to $176 billion total.
Diamonds On Blockchain
CEDEX has secured over 6,000 diamonds as the security backing for a new ETF which will utilized the process of tokenized assets through a blockchain network. The value for the physical diamonds is over $50 million USD. CEDEX is looking to cover the primary bases for a quality investment of transparency, liquidity and fungibility. They see that there have been issues with this for gold in the past, but believe their platform will solve the issues. They have a proprietary algorithm that will turn diamonds into a tradeable asset class by generating liquidity in the market. The platform has been in beta testing since November 2018 and operatese with a native ERC-20 token as well CEDEX Coin (CEDEX). “The vast inventory available combined with CEDEX unique technology opens up for traditional and digital markets the opportunity to develop financial instruments that will initially create the liquidity needed to jump-start our vision – transforming diamonds into a new asset class.” - co-founder and CEO, Saar Levi.
More Lightning Advancements
The Bitcoin Lightning network, as with Bitcoin itself, improves functionality with a growing user base. WebLN standard is a simple, open-sourced lightning payments system for individuals and businesses. The technology streamlines the process of making a lightning network transaction to one step, and has now been added to Lightning Joule wallet,Blu ewallet and the app Lightning Spin. As more and more apps begin integrated this specific system for the Bitcoin LN, it’s ability to provide instant payments will become a reality. “[WebLN] allows us to provide a better user experience – like one-tap payments and withdraws, and facilitates and standardizes “actions” that should be standardized for the sake of the industry moving faster and in the right direction. So we fully support it and try to make other developers to do the same,” BlueWallet product and UX engineer Nuno Coehlo.
Ledger Adds Institutional Grade Storage
In a new partnership between a Hong Kong-licensed trust and custody company called Legacy Trust, Ledger claims to have the ability for “institutional-grade” cryptocurrency custody. The process uses Ledger’s multi-signature cryptocurrency wallet management “Ledger Vault.” In addition the Legacy Trust will begin to offer their services for all ERC-20 tokens, in addition to Bitcoin.
Top 5 Gainers
RealTract (RET) +164.07% at $0.000139
Content Neutrality Network (CNN) +97.56% at $0.000418
The Midas Touch Gold (TMTG) +72.91% at $0.009111
Asch (XAS) +58.62% at $0.232363
DeepBrain Chain (DBC) +57.70% at $0.006312
Top 5 Losers
Autonio (NIO) 41.03-% at $0.010711
DasCoin (DASC) -36.08% at $0.011396
Maximime Coin (MXM) -35.92% at $0.000861
Cryptic Token (CRYP) -35.60% at $0.011730
Aidus Token (AID) -34.62% at $0.093424
New Coins Listed
Tercet Network (TCNX) listed to Bitmart
Zcoin (XCZ) listed to LiveCoin
By: BGN Editorial Staff