General Market Outlook
The market is almost entirely green today after a correction
yesterday. Bitcoin and Ethereum are up between 1% and 5%. Two up
and coming blockchain social apps are up big today. Loom (LOOM)
over 40% and Mithril(MITH) up over 20%. Loom combines gaming with a
social media aspect, while Mithril is more along the lines of
Facebook, Instagram, Snapchat, etc. Very few coins in the top 100
are down today. If this continues through the weekend, it could be
proof of a full correction from the big downturn in March.
Major Headlines
Oscar Mayer Launches Satirical Bacoin
Cryptocurrency
Oscar Meyer is offering a promotional “cryptocurrency” called
Bacoin. You can register for your very own Bacoins on their
dedicated website, where you can also
track how many strips of Bacon and Bacoin is worth. There a
Saturday Night Live-esque video to go along with it. Bacoin
can only be exchanged for their Bacon. This kind of thing is silly,
but it’s fun. It brings familiarity to public, and it’s better than
nothing - much better than more association to drugs and criminals.
A recent Episode of HBO’s show Silicon Valley features
cryptocurrencies and the process of an ICO. Your grandma might be
calling you about Bitcoin soon.
Litecoin is Quitely Integrating
Several payment processors have added Litecoin to their systems, or
have it in the works. Litecoin is available on a few pre-paid debit
cards. Two major examples are TenX and Uquid. The intent of Litecoin
was always to be the little brother to Bitcoin - or “Silver to
Bitcoin’s Gold” as founder Charlie Lee says. He created the coin
from the original Bitcoin Blockchain in 2011. The major differences
are in place to make the cryptocurrency useful as a day to day
payment method. It is not necessarily better than Bitcoin - It is
just designed for a different purpose. These changes create faster
transaction times, lower fees and increase market liquidity because
the coin is cheaper and there are more of them available. It is
supported by Wirex, Aliant and GoCoin.
VeChain claims to be the future of
Blockchain
The organization will finally be publicizing the code of their
blockchain VeChainThor for a testing period. They have selected
private organizations and will select 100 individuals to
participate. Their transaction
model basically takes the next step from what
Ethereum did to build off Bitcoin. There are several key issues
their system addresses - Senders can use their own computing power
to complete blocks. Smart contracts are built into the blockchain
rather than each transaction, which increases transaction times.
Transactions can be built as a string of options depending on what
happens with each stage. Deadlines can be placed on transactions to
cancel if they aren’t completed in time. Maybe most interestingly a
third party can pay transaction fees with Multi-Party Payment
Protocol (MPP).
Top 5 Gainers
Minex (MINEX) +358.31% at $0.026977
Aseancoin (ASN) +245.41% at $0.026240
Bastonet (BSN) +141.10% at $0.002651
Crystal Clear (CCT) +137.42% at $0.0197660
DIMCOIN (DIM) +99.16% at $0.013905
Top 5 Losers
Arbitracoin (ATC) -42.85% at $0.109166
SRCOIN (SRCOIN) -34.80% at $0.001784
OX Fina (OX) -34.68% at $0.000738
FidentiaX (FDX) -31.06% at $0.062321
Dimecoin (DIME) -21.38% at $0.000045
New Coins Listed
Proxeus (XES) listed to IDEX
Innova (INN) listed to CryptoBridge
Held Coin (HLDC) listed to CryptoBridge
Axs (AXS) listed to CryptoBridge
BitShares (BTS) listed to RightBTC
By: BGN Editorial Staff