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The Problem with Fidelity’s Crypto Trading Platform

October 16, 2018

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Crypto Market Update (3 May 2019)


General Market Outlook


The market has continue upward movement with greater velocity over the past 24 hours. Most coins are showing positive percentage gains and trading volume has risen sharply by $14 billion, now trending over $18 billion in 24 hours. ABBA Coin (ABBC), Cosmos (ATOM) and DigixDAO (DGD) are the major stand outs of the top 100 coins by market cap - up over 23%, 12% and 12% respectively in the past 24 hours. The value of Bitcoin (BTC) is right at $5,800 for +5.5% and a total market dominance of 55.2%, and the value of Ethereum (ETH) is nearly $170 for +5.0% change in the past 24 hours. Market cap for the overall cryptocurrency market gain over $8 billion, rising to $186 billion total.



Major Headlines


U.S. Tax Refund Service Bitpay Partnership


Citizens in the United States now have the opportunity to have their federal and state tax refunds paid to them in Bitcoin. The service was made available through a partnership between Refundo and Bitpay. Bitpay is a leading cryptocurrency payment provider in the U.S. and Refundo has a direct connection to the U.S. Tax Service for processing tax refunds digitally. Users of the Refundo platform can choose to receive all or a portion of a tax refund in Bitcoin using their CoinRT product for a flat fee of $34.95. They will have to provide necessary background information for know-your-customer (KYC) rules as well as a bitcoin wallet address. Once the Internal Revenue Service (IRS) or state has deposited the refund, BitPay will process the payment and send bitcoin to taxpayers’ wallets. “Adding bitcoin was a natural fit for our customers who often do not have traditional checking accounts, pay high check cashing fees and regularly send money internationally. CoinRT enables them to get bitcoin quickly and easily for one flat fee.” - Refundo CEO Roger Chinchilla


Amazon Web Services Expands Blockchain Services


In November of 2018 Amazon Web Services launched their Blockchain-as-a-service platform, but it was limited to a small number of companies. Such companies needed to sign up to gain approval. But now AWS has affirmed that their service is ready for all companies interested. However, the service is limited to the East Region of AWS service availability. It gives clients the ability to create and manage blockchain networks more easily and economically using open-source frameworks like Hyperledger Fabric and Ethereum.


Nasdaq Adds To Cryptocurrency Index


Last year, Nasdaq began providing a live stream of cryptocurrency data, but it was limited to Bitcoin and Ethereum. Their index is calculated using independently audited data that is checked against the International Organisation of Securities Commissions (IOSCO) principles. Their data comes directly from their partnership with New Zealand-based blockchain data and research firm Brave New Coin. Expanding on this service, Nasdaq will now include live-stream data tracking Ripple’s XRP token. The XRP Liquid Index (XRPLX) will offer a spot or reference rate for the price of XRP, quoted in U.S. dollars. At this time data stream comes from Bitfinex, Bitstamp, Poloniex and Kraken, with the addition of Coinbase coming with their next review.



Top 5 Gainers


Blacer Coin (BLCR) +296.11% at $0.464042

Player Coin (PLACO) +161.03% at $0.000174

Happycoin (HPC) +76.04% at $0.082399

Patientory (PTOY) +44.33% at $0.025889

Repme (RPM) +38.60% at $0.000019



Top 5 Losers


Bitcoinus (BITS) -28.67% at $0.004050

Narratie (NRVE) -25.53% at $0.009609

SIX (SIX) -25.49% at $0.023349

Futuro Coin (FTO) -24.48% at $1.44

Mainstream For The Underground (MFTU) -24.40% at $0.000029



New Coins Listed


BurstOcean (OCEAN) listed to Bittrex International

XYO Network (XYO) listed to Bittrex International

Decred (DCR) listed to EXMO




By: BGN Editorial Staff


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