General Market
Outlook
The market continues to re-balance
after a major uptrend last week. The top 100 coins are just about
split between up or down by 1% to 4%, but trading volume has been
steadily increasing over the past 24 hours, up to almost $15
Billion. Holo (HOT) is by far the highlight in the past 24 hours -
up over 56%. Bitcoin (BTC) is right around $7,700 For +3% and
a total market dominance of about 46.2%, and Ethereum (ETH) is
right at $465 for -1% change in the past 24 hours. Market cap for
the overall cryptocurrency market is up just about $2 billion to
$288 billion total.
Major
Headlines
Mastercard Global Network
Failure
A worldwide network issue
interrupted Mastercard payment processing, including functionality
for international banks. This gave cryptocurrency users a chance to
highlight P2P reliability on social media. One tweet basically sums
up the entire argument: “Bitcoin has never had a service
interruption.” There have been times of high fees and slow
transactions, but in the end, the network has never completely
stopped. It will always remain decentralized and community based,
as opposed to one private company controlling whether or not users
can spend their own money. Network upgrades like the Lightning Network and Raiden for Ethereum are fighting through the
scaling issues that causes slower transactions and higher
fees.
Fortune’s “40 Under 40”
Highlights Cryptocurrency and Blockchain
The list highlights just about every type of
creator or influencer, seven total are involved in cryptocurrencies
or blockchain technology. At #20 CEO of Coinbase, Brian Armstrong
represents, literally, the gateway to the cryptocurrency space in
America and many other countries as well. Vitalik Buterin is #22,
highlighting the other side of the coin (ha-ha), he is developer,
decentralized and no B.S. hyper-focused. The two people behind
Walmart’s totally revamped e-commerce business tag-team #13. The
founders of the now crypto-friendly exchange platform Robinhood
tag-team #24. CEO of Telegram (remember the $1.7B ICO?) Pavel
Durov sits at #25.
$1.5 Billion To Blockchain
Projects In Nanjing City
A city in China will be home to the
first Industrial Public Chain Summit (IPCS), fueled by government
and blockchain partnerships of $10 billion yen ($1.5B USD). It
wasn’t even a year ago that the Chinese government actually banned
all ICOs completely. But then in May, the China Electronic
Information Industry Development (CCID) released a list ranking blockchain
projects, expressing that the country is taking the technology very
seriously. Last month they released an update to their rankings. The
Zhongguancun Blockchain Industry Alliance is working with officials
in Nanjing City to use funding in part to actually move selected
companies to the city. The first two are reportedly, UDAP
Foundation and TokenX Community
Top 5
Gainers
adToken (ADT) +181.08% at
$0.043075
Rhenium (XRH) +109.89% at
$0.025030
Holo (HOT) +56.87% at
$0.000917
DNotes (NOTE) +49.10% at
$0.104843
AdEx (ADX) +35.35% at
$0.524812
Top 5
Losers
Bitcoin Diamond (BCD) -41.78% at
$2.20
CommerceBlock (CBT) -32.19% at
$0.016824
ValueChain (VLC) -31.97% at
$0.023178
Cashcoin (CASH) -29.73% at
$0.007796
Qbao (QBT) -21.21% at
$0.121946
New Coins
Listed
Cardano (ADA) listed to
OKEX
Blockpass (PASS) listed to
Cryptopia
Komodo (KMD) listed to Prism
(ShapeShift.io)
By: BGN Editorial Staff
News:
Bitcoin
(BTC)
Ethereum
(ETH)
Holo (HOT)
Blockchain
Cryptocurrencies
AdToken
(ADT)
Rhenium
(XRH)
DNotes
(NOTE)
Bitcoin Diamond
(BCD)
CommerceBlock
(CBT)
ValueChain
(VLC)
Cashcoin
(CASH)
Qbao (QBT)
