General Market
Outlook
The market has made even more
downward movement over the past 24 hours with nearly all coins are
in the red and trading volume rising from $15 billion to over $17
billion in 24 hours. XYO Network (XYO) and Gold Bits Coin (GBC) are
the major stand outs of the top 100 coins by market cap - up over
21% and 8% respectively in the past 24 hours. The value of Bitcoin
(BTC) is just about $3,300 for -10.0% and a total market dominance
of about 55.1%, and the value of Ethereum (ETH) is just under at
$85 for -14.0% change in the past 24 hours. Market cap for the
overall cryptocurrency market declined by another $14 billion,
falling to $104 billion total.
Major
Headlines
New R3 Corda App Uses
XRP
For major international business,
blockchain services providers such as Amazon Web Services, IBM,
Hyperledger Fabric or R3 Corda have become the most popular. R3
Corda has created a new app for payment settlements geared toward
these business that will use XRP as a universal digital currency
for the transfers. Although XRP is the native currency to the
various payment networks created by Ripple, it can still be used
outside of those spaces. “The deployment of the Corda Settler and
its support for XRP as the first settlement mechanism is an
important step in showing how the powerful ecosystems cultivated by
two of the of the world’s most influential crypto and blockchain
communities can work together” - Richard Gendal Brown, CTO at R3.
The new open source application called CorDapp allows payment
obligations arising on the Corda network to be settled through P2P
cryptocurrencies, crypto assets, or any payment method with
cryptographic proof of settlement.
SEC Delays ETF Decision
Again
Following a string of ETF delays
and rejections, the U.S. Securities and Exchange Commission has
again extended a decision that would allow for the use of Bitcoin
as a basis for exchange traded funds. These ETFs have been proposed
by many of the country’s largest exchanges over the past several
years, but have never been passed. The proposal would integrate an
update to current regulations, but now has a deadline of the end of
2019. It was first proposed by the VanEck financial services
company and blockchain startup SolidX. They work in partnership
with the Chicago Board of Exchanges, as it will be the first
exchange to offer the products if and when they become
legal.
Overstock CEO Keeps
Blockchain Push
The subsidiary of Overstock.com,
Medici Ventures is investing in another blockchain related company.
They purchased a $2.5 million of equity stake in GrainChain, or 10%
of the total company, which hopes to streamline international grain
production with borderless payment settlements and better supply
chain management on the network. This comes as no surprise, since
the company has been investing in similar projects throughout this
year. Further, the CEO stated last month that he plans to sell the
business in order to full engage his blockchain investments. a
software firm looking to store grain transactions on a
blockchain.
Top 5
Gainers
Swarm City (SWT) +50.91% at
$0.184114
BEAT (BEAT) +44.76% at
$0.001765
LogisCoin (LGS) +41.37% at
$0.649142
Veros (VRS) +31.34% at
$0.043027
MESSE TOKEN (MESSE) +27.10% at
$0.013154
Top 5
Losers
RealTract (RET) -67.64% at
$0.000041
SpankChain (SPANK) -43.78% at
$0.013485
AidCoin (AID) -41.30% at
$0.026132
IONChain (IONC) -38.01% at
$0.001696
Menio One (ONE) -37.65% at
$0.002651
New Coins
Listed
Odyssey (OCN) listed to
ABCC
XinFin Network (XDCE) listed on
Indodax
By: BGN Editorial Staff