Crypto Market Update (27 September 2018)

Bitcoin Global News (BGN)

September 27, 2018 -- ADVFN Crypto NewsWire

General Market Outlook

The market continues to consolidate after making a reversal to the downtrend early this week. Many coins are down, but some are showing strong reversals. Trading volume has stayed right around $15 billion in 24 hours. Electroneum (ETN) and Eternal Token (XET) are the major stand outs of the top 100 coins by market cap - up over 26% and 25% respectively in the past 24 hours. Bitcoin (BTC) is right at $6,500 for -0.5% and a total market dominance of about 51.8%, and Ethereum (ETH) is right around $220 for -1% change in the past 24 hours. Market cap for the overall cryptocurrency market dropped $4 billion at one point, but has since risen back to roughly the same total as yesterday - $217 billion.

Major Headlines

U.S. Dairy To Be Tracked On Blockchain

The Dairy Farmers of America (DFA) is a U.S. cooperative owned by dairy farm families. The group will now be testing blockchain technology for the dairy supply chain. This method is clearly beneficial, as seen by the adoption of major corporations like Walmart, and governments such as that of the UK using blockchain to track agricultural products as well. Specifically, the DFA partnered with ripe.io to transform the food supply chain for data transparency, so consumers can be confident in their food from farm to home. Through the pilot project, DFA is hoping to increase supply chain transparency and better connect our farmer owners with customers. David Darr, Vice President Sustainability and Member Services at DFA: “Consumers today want to know where their food comes from and blockchain technology, like ripe.io, gives consumers real-time data, which can really help increase trust and confidence about food production from start to finish.”

Italy Joins European Blockchain Partnership

The European Blockchain Partnership was created in April of this year as vehicle of collaborative innovation and regulatory discussion amongst EU member states. It launched with 21 countries, and has most recently been joined by Italy, Greece, Romania, Denmark and Cyprus. Minister of Economic Development, Labour and Social Policies Luigi Di Maio: "Joining the partnership will allow Italy [...] to define its own line in the development of [blockchain] technology — a practice which the previous government had never implemented".

Metamask Wallet Adds Ledger Support

Trezor and Ledger are the primary hardware wallets on the market for cryptocurrencies. MetaMask added support for Trezor hardware wallets last month, and has now released an update for Ledger as well. With this feature, it gives users the safest way to use their crytpocurrencies. Hardware wallets are “cold” wallets, meaing they are not connected to the internet in any way, prevent possible hacking. However it makes use of the coins take much more time. With these updates, Metamask is providing the convinience of a hot wallet to the security of the cold storage style wallet. Users can sign transactions and messages, check and Ledger account balance.

Top 5 Gainers

Mainstream For The Underground (MFTU) +100.79% at $0.000476

Broker Neko Network (BNN) +99.91% at $0.000127

Soma (SCT) +50.21% at $0.062882

Triggers (TRIG) +41.29% at $0.310934

Gold Poker (GPKR) +40.63% at $1.12

Top 5 Losers

Dignity (DIG) -25.74% at $0.034386

Coin2Play (C2P) -25.57% at $0.057468

Concierge Coin (CCC) -25.34% at $0.975673

NANJCOIN (NANJ) -23.19% at $0.000392

Uquid Coin (UQC) -21.52% at $0.207827