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Crypto Market Update (29 April 2019)

April 29, 2019

 

General Market Outlook

 

The market has made a steady downturn over the past 24 hours. Nearly all coins are in the red and trading volume is considerably lower than most of the month of April, now trending between $40 billion and $43 billion in 24 hours. IOTA (IOTA) and ODEM (ODEM) are the major stand outs of the top 100 coins by market cap - up over 16% and 6% respectively in the past 24 hours. The value of Bitcoin (BTC) is just over $5,200 for -1.0% and a total market dominance of 55.0%, and the value of Ethereum (ETH) is right at $155 for -2.5% change in the past 24 hours. Market cap for the overall cryptocurrency market declined by $4 billion, falling to $168 billion total.

 

 

Major Headlines

 

Jaguar, Land Rover - Cryptocurrency Payouts

 

In partnership with IOTA car brands Jaguar and Land Rover may integrate a cryptocurrency service in their newest bodels. The companies will offer rewards to drivers for sharing their data via the cryptocurrency IOTA (IOTA). Their cars will automatically report road condition data, such as traffic congestion, to navigation providers or local authorities. The tokens can then be used for any number of things, but most conveniently, things like toll roads. “In the future an autonomous car could drive itself to a charging station, recharge and pay, while its owner could choose to participate in the sharing economy – earning rewards from sharing useful data such as warning other cars of traffic jams.” - Software architect Russell Vickers

 

E*Trade Launching Cryptocurrency Platform

 

A very basic cryptocurrency platform may be coming soon to one of the long standing digital investment platforms E*Trade. According to New York Bloomberg article, the company will add trading support for just the two major cryptocurrencies - Bitcoin and Ethereum. Their current platform a user base of over 4 million, and does not hold the same millennial generation appeal as other platforms such as Robinhood. The move could be made more as a marketing gimmick than actual services, however in either case the attention on Bitcoin continues to prevail.

 

Major Japanese Banks Blockchaining

 

By total assets, Sumitomo Mitsui Banking Corporation (SMBC) is Japan’s third-largest bank. The company has recently announced that it will launch blockchain-based trade finance services within the year. The announcement was made at a fintech seminar in Tokyo, noting that they will use the Marco Polo trade finance platform. “Today, we have the resources and technology to transform the way banks serve their trade finance customers and enable easier access to credit, while minimizing risk and increasing transparency.” - Daniel Cotti, managing director, Centre of Excellence for Banking and Trade for Marco Polo

 

 

Top 5 Gainers

 

Datawallet (DXT) +62.98% at $0.003142

Digitex Futures (DGTX) +52.75% at $0.042246

Alpha Token (A) +45.90% at $0.008196

SF Capital (SFCP) +44.82% at $0.020453

Fiii (FIII) +38.62% at $0.006268

 

 

Top 5 Losers

 

Kambria (KAT) -49.09% at $0.002382

TCOIN (TCN) -29.07% at $0.016541

Flexacoin (FXC) -26.38% at $0.004671

Posscoin (POSS) -25.87% at $0.000006

Bitcoin File (BIFI) -25.74% at $0.004970

 

 

New Coins Listed

 

D (TICK) listed to Exchange

 

 

 

By: BGN Editorial Staff

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