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Crypto Market Update (17 April 2019)

April 17, 2019

 

General Market Outlook

 

The market has recovered from the slight downtrend yesterday. More coins are in the green today than showing losses, and trading volume has remained stable between $43 billion and $40 billion in 24 hours. Komodo (KMD), Enjin Coin (ENJ) and Wax (WAX) are the major stand outs of the top 100 coins by market cap - up over 16%, 14% and 14% respectively in the past 24 hours. The value of Bitcoin (BTC) is right at $5,250 for +3.0% and a total market dominance of 52.3%, and the value of Ethereum (ETH) is now over $165 for +2.0% change in the past 24 hours. Market cap for the overall cryptocurrency gained $5 billion, rising to over $177 billion total.

 

 

Major Headlines

 

Coinbase Visa Card

 

Over the past several years, there have been cryptocurrency companies making attempts to provide a viable payment method via cryptocurrencies but using a common credit or debit card form. In this way the currency can be used in the same daily manner as fiat currencies. Global cryptocurrency exchange leader Coinbase has now launched exactly this product. The debit card is only available for customers in the U.K. and the EU at this time. Rather than being loaded or filled with a given amount of cryptocurrencies, the cards act as a live link to the cryptocurrency exchange. When customers use the card, an exchange is instantly made for cryptocurrency to fiat to be paid to the merchant. The card is paired with a payment app for displaying receipts and payment history.

 

Bitfinex Lowers Minimums

 

Previously, Bitfinex operated with a minimum user account value of $10,000. But now the company is looking to expand their user base by dropping this requirement. Unlike many other cryptocurrency exchanges, Bitfinex also offers margin trading. The company is pairing this update with real service upgrades as well. They have implemented a self-designed, dedicated server system with premium hardware for advanced security and lowest latency, as well as a new automated response system to common queries, and quicker issue resolution.

 

International Swaps and Derivatives Standards

 

A new enterprise blockchain company called Digital Asset is working with the International Swaps and Derivatives Association (ISDA) to develop software that will facilitate a smooth integration of the trade group’s potentially cost-cutting data standards. The ISDA’s Common Domain Model (CDM) is a solution for trading and managing derivatives written in a smart contract language created created by Digital Asset. This process has been in development for years by the ISDA. In 2017 they first proposed creating new more programming focused processes. “Following our success at the Barclays DerivHack in London last year, we have been working closely with ISDA with the joint goal of standardizing processes across the derivatives industry, We are very excited to now make this reference implementation available to users … enabling financial institutions to be in control of their own data.” - Kelly Mathieson, head of enterprise solutions at Digital Asset

 

 

Top 5 Gainers

 

Dexter (DXR) +47.35% at $10.06

ZPER (ZPR) +45.72% at $0.004074

Zeepin (ZPT) +38.62% at $0.008972

Octoin Coin (OCC) +36.11% at $0.095507

Expanse (EXP) +35.04% at $0.186640

 

 

Top 5 Losers

 

Dex (DEX) -53.44% at $0.026809

Eterbase (XBASE) -39.88% at $0.003070

Japan Content Token (JCT) -30.58% at $0.030841

Consentium (CSM) -30.45% at $0.569730

Mir Coin (MIR) -25.06% at $0.004373

 

 

New Coins Listed

 

Komodo (KMD) listed to CoinZark

 

 

 

By: BGN Editorial Staff

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