General Market Outlook
The market has slight upward movement over the past 24 hours. Coins are split between positive and negative gains, while trading volume continues to slow, now trending between $41 billion and $43 billion in 24 hours. REPO (REPO) and CryptoChain.com (CRO) are the major stand outs of the top 100 coins by market cap - up over 42% and 19% respectively in the past 24 hours. The value of Bitcoin (BTC) is nearing $5,300 for +1.0% and a total market dominance of 50.9%, and the value of Ethereum (ETH) is right at $180 for +1.5% change in the past 24 hours. Market cap for the overall cryptocurrency market gained over $2 billion, rising to almost $183 billion total.
International Association of Trusted Blockchain Applications (INATBA)
Big names such as SWIFT, IBM, Ripple, Barclays, ConsenSys, BBVA and Accenture along with about 100 others have joined a new blockchain association to promote adoption of the technology across the EU. The official launch took place in Brussels, Belgium, where the group orgnized a “global multi-stakeholder forum” to bring together developers and users of blockchain technology. The overall goal is to build a framework to encourage public and private sector collaboration, encouraging “legal predictability,”long with high levels of “integrity and transparency.” in blockchain infrastructures. It will also develop guidelines and specifications for blockchain and distributed ledger-based applications.
Coinsquare is launching the first Canadian dollar based stablecoin. It will be a standard style pegged 1:1 to the Canadian dollar (CAD). The “eCAD” token is focused on facilitating seamless cross border payments, easier remittance, peer-to-peer lending, merchant payment solutions, as even trade settlements and forex conversions. “The launch of eCAD will create the first transparent, affordable, and secure way of transferring value in Canada and beyond, without the risk of instability in the traditional cryptocurrency market.” - Coinsquare CEO Cole Diamond. Coinsquare also acquired a decentralized exchange recently tied to the Stellar Organization. They have not been clear exactly what their plans are for further developing the StellarX exchange.
Jamaican Digital Asset Development
The Jamaica Stock Exchange (JSE) is planning a second phase of their pilot for full integration of bitcoin and ether trades. The development is comin in partnership with Blockstation, a Canadian fintech firm. The initial trial of bitcoin and ether trades began in January for a 60-day run, which included trading from regulated broker-dealers, market makers and the Jamaica Central Securities Depository. “This is an unprecedented opportunity for the JSE to diversify its product offerings and attract new listings and inbound investments.” - Marlene Street Forrest, the JSE’s managing director
Top 5 Gainers
RealTract (RET) +163.30% at $0.000157
FirstBlood (1ST) +55.36% at $0.118616
ACE (TokenStars) (ACE) +52.50% at $0.044501
EveryCoin (EVY) +49.78% at $0.000493
Lambda (LAMB) +41.97% at $0.096365
Top 5 Losers
AMO Coin (AMO) -40.84% at $0.000922
WeToken (WT) -37.62% at $0.000925
Soma (SCT) -37.08% at $0.029684
Profile Utility Token (PUT) -28.12% at $0.009653
Bit-Z Token (BZ) -24.68% at $0.136201
New Coins Listed
Dash (DASH) added to SALT Lending
BORA Wallet (BORA) added to Bittrex International
By: BGN Editorial Staff