General Market
Outlook
The market has made another
downturn with early all coins are in the red again. Trading volume
has jumped by nearly 50%, rising from $17 billion to $23 billion in
24 hours. Nasdacoin (NSD) is the major stand outs of the top 100
coins by market cap - up over 283% in the past 24 hours. The value
of Bitcoin (BTC) is roughly at $5,600 for -5.0% and a total market
dominance of about 52.8%, and the value of Ethereum (ETH) is nearly
$180 for -3.5% change in the past 24 hours. Market cap for the
overall cryptocurrency market declined by nearly $4 billion,
falling to short of $188 billion total.
Major
Headlines
Bank of America Cryptocurrency
Deposit Patent
A patent well over four years old,
has finally been confirmed by the U.S. Patent and Trademark Office
to Bank of America involving cryptocurrency transactions. The
patent describes the potential importance of processing
cryptocurrency transactions for enterprise customers, meaning bank
accounts for individuals would still have no interaction directly
with cryptocurrencies. In one outlined situation, the enterprise
account itself would be able to conduct transactions on customers’
behalf, debiting or crediting the customer accounts in question as
appropriate. Further, it includes the structural methods for
storing private keys associated with customers’ accounts,
determining public keys, and generating “vault keys” for storage.
Most importantly the system includes another method for instant
crypto-fiat conversions.
EXMO To Be
Acquired
A publicly traded Canadian holding
firm called GoverMedia Plus Canada will likely acquire the
U.K.-based crypto exchange EXMO. The company specializes in backend
software development. They have recently signed a Letter of Intent
which gives GoverMedia the exclusive rights to negotiate a
transaction within the next 180 days. With completion of the
transaction the new entity would continue to be publicly traded,
indirectly putting a cryptocurrency exchange onto a public stock
exchange.
Blockchain Coming To A U.S.
Restaurant Chain
Sweetgreen just began a fundraising
round where they hope to achieve a total of $200 million. The
“fast-casual” style restaurant chain is just coming off the close
of another funding round last month where they were able to raise
$200 million.. Highlighted in their plans for expansion are
blockchain technology to facilitate for efficient distribution and
transaction systems. It will enable Sweetgreen to focus on
technology and supply chain development where blockchain provides
unparalleled transparency in food supply chains. Customer awareness
is a vital portion of the Sweetgreen business model.
Top 5
Gainers
Nasdacoin (NSD) +281.51% at
$4.84
GrandCoin (GDC) +70.41% at
$0.000111
Repme (RPM) +60.85% at
$0.000053
Atlantis Blue Digital (ABDT^)
+41.45% at $0.036218
Tourist Token (TOTO) +32.53% at
$0.000026
Top 5
Losers
Etheera (ETA) -98.59% at
$0.000177
Bitcoin Cash SV (BCHSV) -50.83% at
$91.55
RealTract (RET) -40.03% at
$0.000167
PopChain (PCH) -36.65% at
$0.005319
Cpollo (CPLO) -34.53% at
$0.000114
New Coins
Listed
Phore (PHR) listed to
Ternion
OxyCoin (OXY) listed to
Purecow
Enjicoin (ENJ) listed to
Ethfinex
Vetri (VLD) listed to
Ethfinex
Qredit (XQR) listed to
Bitker
By: BGN Editorial Staff