General Market
Outlook
The market continues to a severe
hit recently after several days of steadily growing. Nearly all
coins are in the red and trading volume has now jumped by $3
billion to over $15 billion in 24 hours. Bitcoin Diamond is the
major standout, due to Binance re-opening deposits and withdrawals
of the coin - BCD is +120%. Of other top 100 coins, Dropil (DROP)
and MOAC (MOAC) are the only coins in the green - up over 17% and
4% respectively in the past 24 hours. Bitcoin (BTC) is right
around $7,000 for -5% and a total market dominance of about
54.3%, and Ethereum (ETH) is right at $260 for -11% change in the
past 24 hours. Market cap for the overall cryptocurrency market was
holding consistently right at $239 billion, but lost about $17
billion, and has now climbed back to $223 billion total.
Major
Headlines
IBM Launches Blockchain
World Wire
IBM has been working on a system
for near-instant international bank transfers based on blockchain
technology called Blockchain World Wire. They designed the network
in partnership with Stellar Lumens. IBM claims the system "can
simultaneously clear and settle cross-border payments in near
real-time." The system emulates the goals of other companies such
as Ripple, taking away banking intermediaries that add complexity
and cost. In contrast to Ripple, the associated cryptocurrency is a
stablecoin. "Two financial institutions transacting together agree
to use a stable coin, central bank digital currency or other
digital asset as the bridge asset between any two fiat currencies.
The digital asset facilitates the trade and supplies important
settlement instructions."
Cryptocurrency ATM Market
Growth
The, according a report published
Sept. 4 on ResearchandMarkets.com published a report estimating
that the crypto ATMs market will grow to $114.5 million by 2023.
The market is currently at $16.3 million in 2018, where a compound
annual growth rate 54.7% is the basis of their predictions. They
say that ATM machines’ functionality is the key driver of the
products. They expect the North American crypto ATM market to hold
the largest share of the crypto market by 2023.
EU Parliament Inches Closer
To ICO Regulation
Members of the European Parliament
held a meeting with he All-Party Innovation Group of the EU
Parliament to examine the potential benefits or problems with rules
for ICOs under the same framework used for crowdfunding. Ashley
Fox, a Member of the European Parliament, wrote a draft calling for
a cap of 8 million euro on token sale proceeds and strict KYC/AML
requirements. No clear consensus was reached during the meeting,
and members can submit amendments to the proposal through September
11th. The Financial Conduct Authority (FCA) estimates that anywhere
from 25 to 81 percent of ICOs may result in fraud. But the with
proper regulation, the benefits can breakdown the negatives. "Be
assured, that as legislators we're trying to make ICOs more
possible and more successful, that certainly is our objective,"
Ashley Fox, author of proposal.
Top 5
Gainers
Karatgold Coin (KBC) +127.04% at
$0.016987
Bitcoin Diamond (BCD) +121.96% at
$2.96
Bionic (BNC0) +84.64% at
$0.000875
HollyWoodCoin (HWC) +78.00% at
$0.419553
Namecoin (NMC) +41.81% at
$2.09
Top 5
Losers
KingXChain (KXC) -47.16% at
$0.000101
Bitcoin Plus (XBC) -39.76% at
$23.29
Twinkle (TKT) -38.06% at
$0.003025
Peerplays (PPY) -28.01% at
$1.47
4NEW (KWATT) -27.71% at
$0.052015
New Coins
Listed
Ether Kingdoms Token (IMP) listed
to LiveCoin
Logis Coin (LGS) listed to
Cryptopia
Sentinel Protocol (UPP) listed to
Bittrex
EcoBall (ABA) listed to
HitBTC
Dascoin (DSC) listed to
IDAX
By: BGN Editorial Staff
News:
Bitcoin
(BTC)
Ethereum
(ETH)
Dropil
(DROP)
MOAC (MOAC)
Bitcoin Diamond
(BCD)
Cryptocurrencies
IBM
Blockchain
ICO
Regulation
Karatgold Coin
(KBC)
Bionic
(BNCO)
HollyWoodCoin
(HWC)
Namecoin
(NMC)
KingXChain
(KXC)
Bitcoin Plus
(XBC)
Twinkle
(TKT)
PeerPlays
(PPY)
4New
(KWATT)
