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Crypto Market Update (25 April 2019)

April 25, 2019

 

General Market Outlook

 

The market has made a slight reversal from yesterday’s downtrend. There are more coins in the green and trading volume has slowed back to between $44 billion and $46 billion in 24 hours. Crypto.com (MCO), Bitcoin Diamond (BCD) and Ark (ARK) are the major stand outs of the top 100 coins by market cap - up over 18%, 10% and 10% respectively in the past 24 hours. The value of Bitcoin (BTC) is just over at $5,500 for +1.0% and a total market dominance of 54.5%, and the value of Ethereum (ETH) is right at $165 for +1.0% change in the past 24 hours. Market cap for the overall cryptocurrency market gained over $1 billion, rising to $178 billion total.

 

 

Major Headlines

 

JPMorgan Expanding Blockchain Project

 

In an effort to match the developments of other services like TransferWise and RIpple, JPMorgan is planning an expansion to their blockchain development. Their blockchain-based Interbank Information Network (IIN) was originally set up in partnership with Australia’s ANZ bank and the Royal Bank of Canada back in 2017. It now allows its over 220 banking members to quickly address payments that contain errors or get held up for compliance reasons. These issues can takes weeks to solve with multiple banks being involved across the payments chain. As many as 5% to 20% of payments fail because of compliance problems. Their new system is looking to curb this.

 

University of Nevada Blockchain IoT Work

 

A partnership between a blockchain startup called Filament and the University of Nevada, announced is looking to develop blockchain based standards for autonomous vehicles. Their research is a blend of blockchain and the technology known as the internet of things (IoT). With this a network of communicating vehicles can interact with the environment as well - things like traffic signals and crosswalks. “We are excited to collaborate with the University’s Intelligent Mobility initiative on advancing this cutting-edge vehicle-to-infrastructure communication innovation. This is an important project for all cities preparing for autonomous vehicles as it will demonstrate how secure distributed ledger technology combined with connected, driverless cars and their surroundings can become a trusted reality.” Allison Clift-Jennings, Filament’s CEO

 

Coinstar Adding Bitcoin

 

Earlier this year Coinstar announced they would be adding Bitcoin purchase services to their machines, and now they will be expanding this endeavor. Now more than 2,000 locations in 19 different states will offer this service. The partnership initially enabled kiosks in Albertsons and Safeway stores, but now customers can access the buying option in Jewel, Shaw’s and Save Mart locations as well. The company imposes a $2,500 limit per transaction. “We are incredibly pleased with this collaboration with Coinme and are eager to continue expanding to new markets in the coming months” - Coinstar CEO Jim Gaherity

 

Top 5 Gainers

 

 Inmax (INMAX) +1960.03% at $101.25

Bitcoin God (GOD) +212.80% at $30.58

Super Edge (ECT) +85.04% at $0.000126

CenterCoin (CENT) +51.35% at $0.001697

BitBall (BTB) +43.39% at $0.000497

 

 

Top 5 Losers

 

Posscoin (POSS) -59.91% at $0.000009

Bitcoin File (BIFI) -40.49% at $0.004139

Mainstream For The Underground (MFTU) -40.23% at $0.000028

Zetacoin (ZET) -31.99% at $0.001154

Bean Cash (BITB) -30.94% at $0.001431

 

 

New Coins Listed

 

Byte Coin (BCN) listed to HitBTC

 

 

 

By: BGN Editorial Staff

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