General Market
Outlook
The market has continued in an
overall downward movement. Nearly all coins are in the red, but
trading volume has is climbing higher than it has been in several
days, nearly $16 billion in 24 hours. Bitcoin SV (BSV) and Factom
(FCT) are the major stand outs of the top 100 coins by market cap -
up over 12% and 2% respectively in the past 24 hours. The value of
Bitcoin (BTC) is just about $?3,700 for -4.0% and a total market
dominance of about 54.6%, and the value of Ethereum (ETH) is
nearly/just over/roughly/right at $97 for -7.5?% change in the past
24 hours. Market cap for the overall cryptocurrency market declined
by over $4 billion, falling to $171 billion total.
Major
Headlines
U.S. Government Offers
Grants For Blockchain
While many other countries around
the world have already spent years on research and development on
cryptocurrencies and blockchain technology, and now have
implemented related regulatory definitions and guidelines, the U.S.
is now trying to crowdsource security solutions using blockchain
technology. The U.S. Department of Homeland Security is offering
grants of up to $800,000 for anti-counterfeiting systems. The focus
is on “Preventing Forgery and Counterfeiting of Certificates and
Licenses.” The grants are non-dilutive, meaning that these private
companies will not be forced to give up equity in their business in
order to receive the grants. They are open to organizations that
have not recieved a government contract in the last year worth $1
million or more. They must also have under 200 employees at the
time of application.
ErisX Boasts $27.5M Funding
Round.
Major cryptocurrency related and
traditional financial companies such as Bitmain, ConsenSys,
Fidelity Investments, Nasdaq Ventures and Monex Group were the
leading force behind the second round of funding for a new digital
asset trading platform that focuses on derivatives. ErisX was
developed by the existing, traditional commodities exchange Eris.
CEO Thomas Chippas believes they will be competitive in the growing
industry: “With increasing financial support from leading edge
firms, ErisX stands to provide the most robust, secure and
regulated digital asset offering available to both institutional
and individual participants.”
U.S. State Pushing
Blockchain
The U.S. state of Ohio is reaching
headlines again for continued support and funding for blockchain
technology related projects. A major non-profit headquartered in
the state has most recently announced a research fund of $100
million dollars for the technology, specifically provided for two
startup accelerators. The company, JumpStart, recently outlined
their plans for the funding at the Blockland Solutions Conference
in Cleveland, Ohio. This news comes less than two weeks after the
state’s government announced they would allow taxes to be paid in
Bitcoin by private businesses.
Top 5
Gainers
PutinCoin (PUT) +140.89% at
$0.000652
KWHCoin (KWH) +125.86% at
$0.001046
AidCoin (AID) +104.15% at
$0.045105
Lightpaycoin (LPC) +91.18% at
$0.507733
Abulaba (AAA) +62.36% at
$0.003844
Top 5
Losers
Cryptosolartech (CST) -54.58% at
$0.013097
IHT Real Estate Protocol (IHT)
-28.79% at $0.009504
Game.com (GTC) -27.85% at
$0.004885
NaPoleonX (NPX) -26.41% at
$0.262146
Bodhi (BOT) -26.30% at
$0.028885
New Coins
Listed
Suqa (SUQA) listed to
Cryptopia
XRP (XRP) listed to
BiBox
Tron (TRX) listed to
MBAEX
By: BGN Editorial Staff