General Market
Outlook
Bitcoin, Ethereum and most altcoins
surged yesterday and are now holding. Most altcoins are up, and
trading volume continues to climb. TRON (TRX) and Huboi Token (HT)
are the standouts of the top 100 coins - up about +14% in the past
24 hours. Bitcoin is right around $6,800 for about +3% change and
Ethereum is right at $535 for +6% change in the past 24 hours.
Market cap for the overall cryptocurrency market grew over $13
billion up to $291 billion total.
Major
Headlines
New Crypto Trading Desk for
Hedge Funds
Etoro recently announced that it is
expanding into the US with ten cryptocurrencies. The company will
also be setting up an over-the-counter (OTC) trading desk in London
for institutional traders. The platform utilizes fifteen
cryptocurrency exchanges to pool liquidity. CEO Yoni Assia spoke on
the topic: “We’ve actually set up our corporate team here in the UK
to start setting up accounts to trade on eToro. We’ve announced
that we’re launching the exchange as well so, between the exchange
and the OTC desk, we’re also starting to serve more potential
institutions and financial institutions.”
Square Earns New York
Bitlicense
This is the 9th Bitlicense given
out. Square had launched Bitcoin trading on its Cash App earlier
this year with approval in most states, but New York was by far the
biggest one without Bitcoin. The app is in direct competition with
Venmo, and since early 2016, downloads on Square Cash app downloads
averaged 128% percent year-over-year growth each month versus
Venmo's 74%. Cash App totals 7 million active users. Many of those
customers have been using the Cash app more like a bank account
than the company intended, Dorsey said in May. CEO Jack Dorsey said
they plan to "lean into" the trend. Square filed for an FDIC
license to be an industrial loan company in Utah, American Banker
reported in September.
$800,000 Mined With Cafe
Computers in China
A group of hackers colluded with
computer maintenance companies in China to use internet cafe
computers to mine cryptocurrency. There are 16 total suspects who
worked together to gain access to the computing power of 100,000
computers across 30 Chinese cities since July of last year. They
did this by developing a piece of malware that can specifically
mine Siacoin (SC). Cafe owners noticing something was wrong
when their computers became extremely slow and their electric bills
rose considerably. Notably, it was also during a time when the
price of siacoin jumped by 400 percent from $0.002 in May 2017 to
over $0.01 in July.
Top 5
Gainers
Open Trading Netwok (OTN) +58.15%
at $1.98
ContractNet (CNET) +49.23% at
$0.330787
Sphre AIR (XID) +48.89% at
$0.122719
InsurChain (INSUR) +36.49% at
$0.002205
WhaleCoin (WHL) +33.14% at
$0.041673
Top 5
Losers
Fargocoin (FRGC) -27.66% at
$2.13
Pundi X (NPXS) -21.80% at
$0.008993
Docademic (MTC) -21.75% at
$0.315080
Animecoin (ANI) -20.03% at
$0.007159
Banca (BANCA) -19.82% at
$0.000871
New Coins
Listed
Penta (PNT) listed to Huobi
Pro
SnowGem (XSG) listed to
Mercatox
By: BGN Editorial Staff
News:
Bitcoin
(BTC)
Ethereum
(ETH)
Tron (TRX)
Huboi Token
(HT)
Altcoins
Etoro
Open Trading Network
(OTN)
ContractNet
(CNET)
Sphre AIR
(XID)
InsurChain
(INSUR)
WhaleCoin
(WHL)
Fargocoin
(FRGC)
Pundi X
(NPXS)
Docademic
(MTC)
AnimeCoin
(ANI)
Banca
(BANCA)