General Market
Outlook
The market has made a slight drop
since yesterday. Coins are split between positive and negative
gains, still with many seeing double digit positive growth. Trading
volume has remained between $16 billion and $17 billion in 24
hours. Binance Coin (BNB) and Bitcoin SV (BSV) are the major stand
outs of the top 100 coins by market cap - up over 13% and 8%
respectively in the past 24 hours. The value of Bitcoin (BTC) is
trending at $3,400 for -1.5% and a total market dominance of 53.4%,
and the value of Ethereum (ETH) is right at $105 for -2.0% change
in the past 24 hours. Market cap for the overall cryptocurrency
market declined by roughly $2 billion, falling to $111 billion
total.
Major
Headlines
Facebook Continues
Blockchain Development
It was in May of last year that
news of Facebook’s work in blockchain development first surfaced.
The company has since showed a great deal of interst in hiring
blockchain developers. Most recently, they have brought on team
members from the blockchain start up Chainspace - a company that
focuses on techniques that will help other blockchain networks
scale more efficiently, such as sharding. From the five authors
responsible for the start up’s white paper, four will be hired by
Facebook. The actual business or its proprietary technology have
not been acquired by Facebook. “Like many other companies, Facebook
is exploring ways to leverage the power of blockchain technology.
This new small team is exploring many different applications. We
don’t have anything further to share.” - Facebook Press
Statement
More Mt. Gox
Leaks
The number of issues relating to
what was for many years the largest Bitcoin exchange is becoming
far more than can be memorable. There is an entire website
dedicated to supporting the creditors of Mt. Gox, which has found
potentially millions more dollars worth hidden from the public eye.
Documents leaked show that their may be another Exchange involved
in the erroneous transfers that occured after the Exchange was shut
down. The documents point to an Exchange founded in Japan called
BitPoint, and the transactions would have occurred only last year.
Mt. Gox has been noted as “bankrupt” for years, but could
potentially have been hiding cryptocurrencies outside of
Authorities reach. The transactions move from BitPoint to the
account of the Mt. Gox trustee, Nobuaki Kobayashi amounting to 34.3
billion yen (about $312.5 million at today’s exchange
rate).
Gold Backed Iranian
Cryptocurrency
A licensed bank in Iran has issued
a cryptocurrency that is backed by gold. The coin, called PayMon,
was developed in partnership between four banks - Bank Mellat, Bank
Melli Iran, Bank Pasargad and Parsian Bank. The primary goal for
the banks is to begin a process of tokenization for their assets.
This allows them to be more liquid and give the banks’ quicker
access to funds. The token will be offered in OTC trading from Iran
Fara Bourse,
Top 5
Gainers
Everipedia (IQ) +67.04% at
$0.003674
VeriMI (VME) +60.04% at
$0.002953
Soma (SCT) +58.58% at
$0.032037
Polyibus (PLBT) +48.39% at
$1.36
Fire Lotto (FLOT) +35.69% at
$0.034671
Top 5
Losers
Vexanium (VEX) -85.59% at
$0.003134
Litecoin Cash (LCC) -32.78% at
$0.014176
EvenCoin (EVN) -25.69% at
$0.413123
Spendcoin (SPND) -24.54% at
$0.355855
DPRRating (RATING) -22.96% at
$0.000221
New Coins
Listed
BitTorrent Token (BTT) listed to
Bittrex International
SpendCoin (SPND) listed to Bittrex
US
By: BGN Editorial Staff
