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Crypto Market Update (08 April 2019)

April 8, 2019

 

General Market Outlook

 

The market continued a slight upward trend over the weekend. Coins are split between positive and negative gains, with significantly less strong double digit gains and losses in comparison to last week. Trading volume has moved between $60 billion and $65 billion in 24 hours. VestChain (VEST) and Nano (NANO) are the major stand outs of the top 100 coins by market cap - up over 26% and 15% respectively in the past 24 hours. The value of Bitcoin (BTC) is just over $5,200 for +2.0% and a total market dominance of 50.7%, and the value of Ethereum (ETH) is right at $180 for +8.0% change in the past 24 hours. Market cap for the overall cryptocurrency market gained just under $2 billion, rising to $182 billion total.

 

 

Major Headlines

 

GBP Stablecoin - TrustToken

 

The TrustToken network is continuing to push toward the goals set with the company’s initial launch. Beginning with just one stablecoin that is a 1:1 peg with USD, the company has now established a 1:1 peg to the British Pound. TrueGBP(TGBP) token is now available for trading on through the Alameda Research, Bluefire Capital, Galois Capital and QCP Capita OTC trading platforms. The company plans to register this token with cryptocurrency exchanges soon as well. “Purchase and trade of TrueGBP will be available like any other ERC-20 token, and is compatible with all ERC-20 wallets. Customers who want to purchase or redeem through the TrustToken app will need to pass the regular KYC [Know Your Customer]/AML [Anti Money Laundering] requirements in accordance with our MSB [Money Service Business] license.” - Rafael Cosman, the startup’s co-founder and head of engineering

 

Coincheck Looks to Rebound

 

Last year Coincheck filled headlines for a massive $530 million dollar hack. NEM tokens were stolen from the company’s digital wallets and never able to be recovered. The company was then acquired by Monex for only $33.5 million. Monex has helped Coincheck receive a regulatory license in Japan and become a registered entity with the Kanto Financial Bureau under the country’s Payment Service Act. The first major development from the new ownership is an OTC trading desk focused on institutional clients. Customers are required to buy and sell a minimum of 50 bitcoins, roughly $205,423 USD.

 

ConsenSys Accelerator Finalists

 

Two years ago ConsenSys began the Tachyon program. The program facilitates start up growth through the extensive blockchain technology network of experts and experience that ConsenSys has forged since their creation by Ethereum co-founder Joseph Lubin. Further, the program is taking strong steps to include national governments and politicians. Germany’s parliament is holding speaking events for the program. 10 blockchain startups have been selected with a wide range of product and service focuses:

  • DNA data bank Genomes

  • Energy market

  • Protocol for self-sovereign identity

  • Data authenticity software maker Sensor.link

  • Litigation finance investment platform

  • Cryptocurrency security storage solutions

  • Customized printed cryptocurrency cards

  • Smart contract and transaction security

  • Micro-insurance

  • Open source protocol for direct digital asset links

 

 

Top 5 Gainers

 

SuperEdge (ECT) +116.59% at $0.000087

Bitvolt (VOLT) +103.87% at $0.000419

ICOBay (IBT) +87.88% at $0.000172

DEX (DEX) +72.10% at $0.047619

YouLive Coin (UC) +67.83% at $0.001040

 

 

Top 5 Losers

 

Stem Cell Coin (SCC) -27.69% at $0.054363

PolySwarm (NCT) -27.66% at $0.001725

Optimal Shelf Availability (OSA) -26.69% at $0.004560

Primalbase Token (PBT) -26.49% at $6,642.78

CoTrader (COT) -25.88% at $0.000078

 

 

New Coins Listed

 

Tkey Coin (TCD) listed to EXMO

Gold Pressed Laitnum (GLP2) listed to LiveCoin

Doge Coin (DOGE) listed to OOOBTC

 

 

 

By: BGN Editorial Staff

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