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Crypto Market Update (22 April 2019)

April 22, 2019

 

General Market Outlook

 

The market made slow but steady significant positive movement over the weekend. There is a small majority of coins with positive movement over the past 24 hours and volume has remained higher than last month overall - trending between $40 billion and $45 billion in 24 hours. DigixDAO (DAO), ICON (ICX) and Augur (REP) are the major stand outs of the top 100 coins by market cap - up over 37%, 12% and 12% respectively in the past 24 hours. The value of Bitcoin (BTC) is right around $5,350 for +1.0% and a total market dominance of 52.6%, and the value of Ethereum (ETH) is just over $170 for +1.5% change in the past 24 hours. Market cap for the overall cryptocurrency market gaoin $2 billion, rising to $179 billion total.

 

 

Major Headlines

 

Poloniex Adding Tether

 

The controversial partnership of the Tron network and Tether continues to make waves. The Tether coin (USDT) will be trusted enough to be added to the Circle owned and Revamped cryptocurrency exchange Poloniex. They will accept deposits and withdrawals of USDT on the Tron network as well as the orogian Omni protocol chain. However, once in possession of Poloniex exchange, the company will be exchanging Omni protocol USDT to that of the new Tron network chain. The exchange is planning air drops as well. “The amount of USDT we receive in the airdrop will be based on the amount we convert. Once the airdrop begins, Poloniex customers will be credited based on the amount of Tether they hold on Poloniex.” - Poloniex Press Release

 

Zaif Will Repoen

 

Since October 2018 Zaid has been working to compensate users for a hack that previously occurred. They company was sold from Tech Bureau to Fisco Digital Asset Group (FDAG) to Japanese, and will now reopen for full trading today (April 22). The hack resulted in Bitcoin (BTC), bitcoin cash (BCH), and monacoin (MONA) theft from the exchange in a hack in September last year. Losses totaled 6.7 billion yen (around $59.8 million). After the acquisition, FDAG provided financial support of 5 billion yen (over $44.6 million) to Tech Bureau and acquired a majority of the company’s shares. Users will be repaid 40% in fiat currency and 60% in crypto.

 

MIT Blockchain Network Launching

 

A novel proof-of-stake network is now reaching reality after being designed in a contest in 2017. Alogrand was created by MIT professor and Turing Award winner Silvio Micali in 2017. Their network has garnered $66 million in funding since then with backers including venture capital firms Union Square Ventures and Pillar. Alogorand hopes to reach all the typical benefits of blockchain technology as a decentralized system that affords both scalability and security, but unlike many others, will eliminate of the risk of “forking” or splitting into separate networks. “Opening TestNet to the public is a major milestone on our journey to the open source release of the technology. Today marks the latest step forward in our overall mission to enable the broader Algorand community to collaborate, innovate and contribute to the evolution of our public, permissionless blockchain platform.” - CEO Steve Kokinos

 

 

Top 5 Gainers

 

OVCODE (OVC) +511.90% at $1.04

RoboCalls (RC20) +158.92% at $0.416762

WABnetwork (WAB) +114.40% at $0.000104

Stem Cell Coin (SCC) +74.54% at $0.046187

ICOBay () +64.07% at $0.000103

 

 

Top 5 Losers

 

Centercoin (CENT) -73.36% at $0.000669

FSBT API Token () -39.11% at $0.049744

ZPER (ZPR) -27.69% at $0.002395

Primas (PST) -27.11% at $0.084638

Presearch (PRE) -19.48% at $0.056810

 

 

New Coins Listed

 

EOS (EOS) listed to OKCoin

ExtraTerrestrial (ETER) listed to LiveCoin

OmiseGo (OMG) listed to CEX.IO

PIVX (PIVX) listed to Toma Exchange

Cosmos Coin (ATOM) listed to Kraken

 

 

 

By: BGN Editorial Staff

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