Crypto Market Update (27 November 2018)

Date : 11/27/2018 @ 5:45PM
Source :ADVFN Crypto NewsWire
Stock : ChainLink Token (LINKUSD)
Quote : 1.87000000  -0.01000000 (-0.53%) @ 1:54AM

Crypto Market Update (27 November 2018)



Bitcoin Global News (BGN)

November 27, 2018 -- ADVFN Crypto NewsWire
 

General Market Outlook

The market is now consolidating after further downward movement. Coins are split between positive and negative changes, with trading volume remaining high, between $17 billion and $19 billion in 24 hours. Zilliqa (ZIL) and ChainLink (LINK) are the major stand outs of the top 100 coins by market cap - up over 14% and 12% respectively in the past 24 hours. The value of Bitcoin (BTC) is down further to $3,700 for -2.0% and a total market dominance of about 53.3%, and the value of Ethereum (ETH) is right below $105 for -4.0% change in the past 24 hours. Market cap for the overall cryptocurrency market gained slightly by $3 billion, rising to $121 billion total.

 

Major Headlines

 

BitStamp Upgrades Security

The competition to attract institutional investors into the cryptocurrency space is pushing development of the systems in every way. But one of the most important for these customers is security. In order to be compliant with regulations in any country, there are strict requirements in place. Bitstamp has chose to employ the Irisium Surveillance platform to monitor for suspicious activity and market manipulation. This is following a recent partnership with Cinnober, a partial owner of Irisium the develops technology for financial markets. Bitstamp will be using the same tools used by major exchanges such as Asia Pacific Exchange Pte Ltd (APEX). “Our desire is to guarantee a fair and orderly market which reflects genuine supply and demand. Exploring new frontiers in preventing market manipulation is essential for the industry to mature.” - CEO and founder Nejc Kodric

 

New Group Working Toward Standardized Code

Many groups have been created this year that are trying to come together on consensus on things related to cryptocurrency and blockchain technology, whether on regulatory issues or deeper code level concepts related to the financial instruments. Now a group of ten companies are looking to standardize a code of conduct the digital asset space. The Association for Digital Market Assets, or ADAM was founded by Galaxy Digital, Genesis Global Trading, GSR, Hudson River Trading, Paxos, Symbiont, BitOoda Technologies, BTIG, Cumberland and XBTO. They want a universal code of conduct with voluntary rules for efficient trading, custody, clearing and digital asset settlement. Overall they hope to “encourage professionalism and ethical conduct.”

 

Ledger Opens New York Office

New York is the center of the global financial industry. The state has pushed cryptocurrency regulations for America and developed the widely touted BitLicense. As institutional investors investigate entering the new market, security remains a top priority. In order to maintain the highest safety for cryptocurrency funds, they must be cold stored - meaning not connected to the internet. This requires physical memory storage, where Ledger has become the industry leader. They are now working to move from the individual holder’s choice, to the institutional investor’s choice. Their new system, Ledger Vault allows for multiple members of a corporate entity to access the same cold storage wallet.

 

Top 5 Gainers

Vipstar Coin (VIPS) +164.58% at $0.000167

Puregold Token (PGT) +63.69% at $0.234620

MicroBitcoin (MBC) +59.74% at $0.000259

Sentinel Protocol (UPP) +48.16% at $0.021939

NeuroChain (NCC) +37.23% at $0.008357

 

Top 5 Losers

Thore Cash (TCH) -45.24% at $0.001221

Datarius Credit (DTRC) -36.14% at $0.000363

Welltrado (WTL) -34.15% at $0.037163

Bezop (BEZ) -32.83% at $0.062948

LogisCoin (LGS) -30.91% at $0.714365

 

New Coins Listed

Experty (EXY) listed to BitBay

Monero (XMR) listed to Altcointrader

 

 

 

By: BGN Editorial Staff

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