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October 16, 2018

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Crypto Market Update (8 May 2019)

 

General Market Outlook

 

The market is now consolidating after yesterday's strong positive uptrend. Coins are split between positive and negative gains, and trading volume has dropped back down by $10 billion, again trending between $46 billion and $48 billion in 24 hours. NEXT (NET) and Project Pai (PAI) are the major stand outs of the top 100 coins by market cap - up over 19% and 12% respectively in the past 24 hours. The value of Bitcoin (BTC) is now over $5,900 for +0.5% and a total market dominance of 56.5%, and the value of Ethereum (ETH) is right at $170 for -2.0% change in the past 24 hours. Market cap for the overall cryptocurrency market made no significant change still trending at $186 billion total.

 

 

Major Headlines

 

Starbucks - Farm to Cup

 

Utilizing blockchain technology, Starbucks is now bringing data from their supply chain network directly to customers in a movement they are calling “farm to cup.” The network directly tracks the movement of the coffee beans used to make the coffee from the farm to the store the consumer purchased it from. Starbucks is working with Microsoft and the Azure Blockchain Service to track the coffee shipments from across the world. This data is available to them with “digital, real-time traceability.” The company has always been strongly committed to ethical sourcing of materials, and as such, hopes that the blockchain system can help benefit growers too. They will provide them with data such as where their beans end up in consumers’ cups. “I firmly believe that by empowering farmers with knowledge and data through technology, we can support them in ultimately improving their livelihoods.” - Michelle Burns, SVP of Global Coffee & Tea at Starbucks

 

Currency.com Goes Public

 

The Belarus-based tokenized securities exchange Currency.com announced it is launching to the public today. The company recently completed their beta mode testing, which began in January. The platform claims to be the world’s first exchange to allow investors to directly trade and invest in tokenized financial instruments. Payments can be made directly in bitcoin (BTC) or ethereum (ETH). Currency.com has an app for both iOS and Android as well. Other features include 50 percent margin close outs and selling at loss. “The arrival of tokenized securities will completely change how investors can use their cryptocurrencies. Linking crypto to the price of stocks and shares provides a tangible way for holders of bitcoin and ethereum to access traditional financial markets.” - Ivan Gowan, CEO of Currency.com

 

Bank of Thailand Moving Forward WIth Digital Currency

 

A prototype will be tested by the bank of Thailand using blockchain technology. The network will enable the central bank to settle interbank transactions using a digital currency among their eight commercial bank partners. It is a decentralized interbank real-time gross settlement (RTGS) using a wholesale Central Bank Digital Currency (CBDC), which will result in faster payments, using the enterprise blockchain company Wipro: “The prototype has successfully demonstrated that DLT can significantly enhance payment efficiency by enabling 24/7 interbank settlements.”

 

 

Top 5 Gainers

 

Posscoin (POSS) +306.36% at $0.000003

V-Dimension (VOLLAR) +65.47% at $10.33

Fiii (FIII) +64.85% at $0.029017

Yuan Chain Coin (YCC) +45.78% at $0.009076

Feathercoin (FTC) +45.42% at $0.030406

 

 

Top 5 Losers

 

SpectrumNetwork (SPEC) -62.93% at $0.000005

Super Bitcoin (SBTC) -52.64% at $1.79

Kcash (KCASH) -50.01% at $0.028325

Alpha Token (A) -33.62% at $0.004040

SelfSell (SSC) -31.30% at $0.004661

 

 

New Coins Listed

 

The Blue Whale Token (BWX) listed to Bittrex International

 

 

 

By: BGN Editorial Staff

 

 

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