General Market
Outlook
The market is consolidating after a
tumultuous past couple weeks. Around 25 of the top 100 coins are in
the positive for the past 24 hours, and trading volume is climbing
a bit. Nebulas (NAS) and Monaco (MCO) are the major stand outs of
the top 100 coins - both up around 12% in the past 24 hours.
Bitcoin is right around $6,200 for roughly no change and Ethereum
is right at $435 for -2% change in the past 24 hours. Market cap
for the overall cryptocurrency market has had almost no change,
resting around $247 billion total.
Major
Headlines
Robinhood Looking For Help
Expand Cryptocurrency Service
A job posting for a “Crypto
Engineer” revealed plans Robinhood has to expand the capabilities of their
cryptocurrency investment service.As is, using Robinhood to invest
in cryptocurrencies is exactly that. Users do not actually own the
coins, or have any type of “wallet” to use them as currencies. The
job posting describes requirements for creating a cryptocurrency
wallet, which would allow investors to transfer coins they own
already onto the Robinhood platform. Users would otherwise have to
sell their coins for fiat and repurchase. This positions Robinhood
to compete with Coinbase.
Facebook Lifts
Cryptocurrency Ad Ban
Facebook will be revamping their
January advertisement policy that banned all cryptocurrency related
promotions. The press release defines that
the new policy will allow "cryptocurrency and related content from
pre-approved advertisers," but will continue blocking “binary
options and initial coin offerings.” Those looking to place ads
will have to submit an application with
information regarding any licenses they have obtained, whether they
are traded on a public stock exchange, and other relevant public
background on their business. Will it be worth it? Facebook
provides a platform to reach a consistently growing user base that
is now well over 2 billion.
New Gaming Token From Enji
Coin
Enji Coin (ENJ) was founded in 2009 to work the benefits
of blockchain and cryptocurrencies in gaming. Co-founder and CTO
Witek Radomsk has now developed the ERC-1155 token, which
dramatically improves functionality of a gaming token on the
Ethereum Blockchain. He had previously made the ERC-721 token,
which allowed users to create unique, one-of-a-kind coins to
represent unique, video game base items or goods. Using a token
such as this allows users to trade items that exist in different
games on universal marketplaces. The ERC-1155 combines the best of
both ERC-20 and ERC-721. With ERC-20, each token is identical.
These gaming tokens provide the ability to add a provenance,
history or identity. The newest token reduces congestion and gas
costs on the Ethereum blockchain.
Top 5
Gainers
Spindle (SPD) +54.79% at
$0.013412
MicroMoney (AMM) +48.16% at
$0.132787
Experience Points (XP) +32.28% at
$0.000105
Paragon (PRG) +27.11% at
$0.107167
Karma (KRM) +26.69% at
$0.008639
Top 5
Losers
PeepCoin (PCN) -81.56% at
$0.000125
Republic Protocol (REN) -34.31% at
$0.039986
U.Cash (UCASH) -33.36% at
$0.003360
LIFE (LIFE) -32.58% at
$0.000109
CryptoPing (PING) -30.13% at
$0.142506
New Coins
Listed
GazeCoin (GZE) listed to
Cryptopia
Energi (NRG) listed to
Cryptopia
Shivers (SHVR) listed to
Cryptopia
Quanta (QNTU) listed to Hit
BTC
Vsync Blockchain (VSX) listed to
CryptoBridge
By: BGN Editorial Staff
News:
Bitcoin
(BTC)
Ethereum
(ETH)
Nebulas
(NAS)
Monaco
(MCO)
Cryptocurrencies
Robinhood Cryptocurrency
Exchange
Facebook Cryptocurrency Ad
Ban
Enji Coin
(ENJ)
SPINDLE
(SPD)
MicroMoney
(AMM)
Experience Points
(XP)
Paragon
(PRG)
Karma (KRM)
PeepCoin
(PCN)
Republic Protocol
(REN)
U.CASH
(UCASH)
LIFE (LIFE)
CryptoPing
(PING)
