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Crypto Market Update (30 April 2019)

April 30, 2019

 

General Market Outlook

 

The market has steadily risen in direct proportion to the downtrend of yesterday. Now more coins are in the positive than negative, and trading volume has continued to rise, now trending between $47 billion and $45 billion in 24 hours. Waves (WAVES) and Tezos (XTZ) are the major stand outs of the top 100 coins by market cap - up over 14% and 9% respectively in the past 24 hours. The value of Bitcoin (BTC) is now right about $5,350 for +2.0% and a total market dominance of 54.6%, and the value of Ethereum (ETH) is at $160 for +3.0% change in the past 24 hours. Market cap for the overall cryptocurrency market gained just $4 billion, rising to $172 billion total.

 

 

Major Headlines

 

Chinese Courts Using Blockchain

 

In 2018 a system for using blockchain technology in court cases related to intellectual property was established in Beijing. The system includes a collection of technologies including AI, and a final decision reviewed by a human judge as well. Since implementation, the system has been used for 14,904 cases. By beginning to connect digital works online to a blockchain network, it removes the possibility for debate in many intellectual property cases. When the data is linked to a digital signature, there is no way that it can be repurposed without leaving a trace of the activity on the digital ledger. "In the current use of AI as an assistant to make rulings, efficiency is prioritized over accuracy. A human judge is ultimately responsible for the fair ruling. [...] But we are heading toward a future when we can see an AI judge sitting at the podium." -  Zhang Wen President of the Beijing Internet Court

 

Samsung Announced New Blockchain Platform

 

Nexledger Universal will be the newest blockchain release from Samsung. The system is designed for creating enterprise blockchain networks through a standard application programming interface (API) that facilitates simple integration to the SDS NCA (Nexledger Consensus Algorithm) and general blockchain such as Hyperledger Fabric and Ethereum. With this customers can develop application services such as user authentication, payment settlement, and proof of originality that can be integrated into their currency computer networks. Nexledger Universal is available in the Microsoft’s Azure marketplace, allowing customers to experience it in cloud environment, meaning they do not need separate servers and application installations. “We plan to expand our cloud-based blockchain platform by registering Nexledger Universal on other cloud marketplaces.” - Jeanie Hong, senior vice president, leader of Blockchain Center of Samsung SDS

 

U.S. State Blockchain Bill Proposal

 

Slowly, some U.S. states are coming around to the need for cryptocurrency regulation and the advantages of blockchain technology based systems. Most recently a new bill was introduced state of Ohio that would allow the state government and other government entities to implement blockchain solutions in the exercise of their authority. Specific applications of the technology would be for things such as car titles, hunting licenses or any other government mandated singular licenses. “House Bill 220,” was sponsored by the Republican Party’s State Representative Rick Carfagna, who represents Ohio’s 68th District in the House.

 

 

Top 5 Gainers

 

Bitcoin Private (BTCP) +55.87% at $0.279506

Japan Content Token (JCT) +53.13% at $0.043264

Ormeus Coin (ORME) +52.97% at $0.205850

FlypeMe (FYP) +40.00% at $0.021925

Bitcoinus (BITS) +37.39% at $0.002938

 

 

Top 5 Losers

 

Bitex Global XBX Coin (XBX) -44.76% at $0.060111

Cointorox (OROX) -34.31% at $0.019102

SocialCoin (SOCC) -25.57% at $0.004332

Kambria (KAT) -23.51% at $0.002332

KWHCoin (KWH) -21.34% at $0.000034

 

 

New Coins Listed

 

BitBay (BAY) listed to OEX Listing

Valor Token (VALOR) listed to BitMax

 

 

 

By: BGN Editorial Staff

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