General Market
Outlook
The market is now slumping after a
few days of reversal. Nearly all coins are down percentages less
than 5% and trading volume has moved between $14 billion and $11
Billion in 24 hours. Bitcoin Diamond (BCD) and Theta Token (THETA)
are the major stand outs of the top 100 coins by market cap - up
over 40% 12% respectively in the past 24 hours. Bitcoin (BTC) is
right around $6,500 for -1.5% and a total market dominance of
53.5%, and Ethereum (ETH) is right at 275? for -2.5% change in the
past 24 hours. Market cap for the overall cryptocurrency market has
lost around $6 billion late yesterday, and is now holding just
under $209 billion total.
Major
Headlines
LG’s “4th Industrial
Revolution”
LG is planning to release new
“strategic” brands for seven technology fields: blockchain
“MonaChain”, data analytics and AI “DAP”, internet of things (IoT)
“INFioT”, smart cities “City Hub”, smart factory “Factova”, robot
services “Orott”, and smart energy “Enerdict.” The basic benefits
of blockchain technology can be applied across the other six areas.
LG values research and products in these areas to help develop a
“fourth industrial revolution.” They released their first
blockchain platform back in May of this year, called MonaChain. It
focuses on digital certifications, community currencies, and supply
chain management services.
$73 Million World Bank
Blockchain Bond
Two weeks ago, the world bank
(International Bank for Reconstruction and Development, IBRD rated
Aaa/AAA) chose Australia's Commonwealth Bank (CommBank) to arrange
the bond issuance using their blockchain technology. $AUD Kangaroo
bond, termed ‘bond-i’ is a “Blockchain Operated New Debt
Instrument.” It was developed with the support and input of the
investor community including Northern Trust, QBE and Treasury
Corporation of Victoria. CommBank has been an industry leader in
blockchain technology since the creation of their Blockchain Centre
of Excellence. They are using a private Ethereum blockchain for
this project, where the network will improve efficiency for bond
transactions between sellers, buyers and banks.
New York River Dam Will
Soon Mine Cryptocurrency
A California-based Bitcoin mining
company repurposed a hydroelectric dam to service anew mining farm.
The dam is located in Valatie Falls, New York. It was originally
built in 1983 and has a capacity of 1-megawatt, which is only a
fraction of a typical coal burning plant. It was sold to Valatie
Falls Hydro, LLC using debt financing provided by DPW subsidiary
Digital Power Lending in March 2018. The company will be using the
AntEater miner, which was developed in early 2018 in collaboration
with Samsung Semiconductors.
Top 5
Gainers
Super Bitcoin (SBTC) +125.88% at
$9.22
Namecoin (NMC) +62.54% at
$1.64
Bitcoin Diamond (BCD) +42.18% at
$1.56
Monero Classic (XMC) +39.76% at
$1.86
RusGas (RGS) +31.76% at
$0.000775
Top 5
Losers
Bitcoin File (BIFI) -% at
$0.004081
PKG Token (PKG) -% at
$0.000108
Karma (KRM) -% at
$0.001574
Cryptaur (CPT) -% at
$0.000869
New Power Coin (NPW) -% at
$0.702432
New Coins
Listed
Monkey Project (MONK) USDT pair
listed to Cryptopia
Banyan Network (BBN) listed to
Ethfinex
Digix Gold Token (DGX) listed to
Ethfinex
Autonio (NIO) listed to
Ethfinex
U Network (UUU) listed to
DEX.top
By: BGN Editorial Staff
News:
Bitcoin
(BTC)
Ethereum
(ETH)
Bitcoin Diamond
(BCD)
Theta
(THETA)
Cryptocurrencies
Blockchain
Super Bitcoin
(SBTC)
Namecoin
(NMC)
Monero Classic
(XMC)
RusGas
(RGS)
Bitcoin File
(BIFI)
PKG Token
(PKG)
Karma (KRM)
Cryptaur
(CPT)
New Power Coin
(NPW)
