General Market
Outlook
The market continues to climb
following yesterday’s strong reversal. Nearly all coins are in the
green and trading volume is holding around $14 billion in 24 hours.
There are several coins of the top 100 by market cap up +30% or
more, and many up +20% or more. However, Cortex (CTXC) and Nano
(NANO) are the major stand outs of the top 100 - up over +55% and
+50% respectively in the past 24 hours. Bitcoin (BTC) is right
around $6,500 for +1.5% and a total market dominance of about
52.3%, and Ethereum (ETH) is right at $300 for +2% change in the
past 24 hours. Market cap for the overall cryptocurrency market
gain $6 billion, rising to 214 billion total.
Major
Headlines
Cryptocurrency Campaign
Funding
California has made tentative
regulation for cryptocurrency donations and cryptocurrency
expenditures by campaigns. Donations of any kind are limited to
$100 USD value according to “fair market value” at the time of
donation. This is an amendment to previous legislation that allowed
for cryptocurrency donations only as in-kind donations. Donations
can be categorized normally, in which case they must be converted
to USD and deposited to the campaign bank account within two days.
But they can still be considered “in-kind” donations (such as
stocks, bonds or collectables), where the campaign can hold the
coin, and even use it for expenditures without ever touching the
bank account.
Ripple’s xRapid
Network
Ripple is now pooling the exchanges
around the world that most often use XRP. They will be endorsing
the exchanges which have largest holdings in countries. The first
three "preferred digital asset exchanges" announced by Ripple are
Bittrex in the U.S., Bitso in Mexico and Coins.ph in the
Philippines. The acknowledgement helps users ensure that Ripple’s
xRapid customers have convenient access to adequate liquidity.
Ripple does not claim any partnership between these exchanges.
Users of Bittrex still need to create a unique and separate account
on any other endorse exchange in order to make
transactions.
NVIDIA Misses Profit Goals
Due To Cryptocurrency
NVIDIA’s stock dropped somewhat
after their earnings report showed a gap where $100 million in
mining profits should have been. Realistically, this is a minor
industry for NVIDIA, whose stock dropped less than 6%. Their
overall revenue totaled $3.32 billion, instead of the predicted
$3.34 billion. The company is deeply rooted in the growing AI, data
center and gaming industries to maintain their profits. However,
the change in mining highlights user population. If there were more
cryptocurrency transactions, regardless of any market cap value,
there would likely be more miners to earn money from the
transactions. NVIDIA does not expect further mining profits at this
time.
Top 5
Gainers
OptiToken (OPTI) +179.97% at
$0.044321
Soma (SCT) +147.73% at
$0.073340
PKG Token (PKG) +105.46% at
$0.000070
TaTaTu (TTU) +79.24% at
$0.513801
Penta (PNT) +57.15% at
$0.002416
Top 5
Losers
Wild Crypto (WILD) -67.50% at
$0.003082
United Bitcoin (UBTC) -22.54% at
$3.00
Leadcoin (LDC) -20.68% at
$0.001535
Cashcoin (CASH) -19.39% at
$0.007733
eosDAC (TICK) -16.30% at
$0.021864
New Coins
Listed
Patron (PAT) listed to
Yobit
Work (WORK) listed to
Yobit
ElyCoin (ELY) listed to
Yobit
Hubii Network Coin (HBT) listed to
CoinX
Ethere Classic (ETC) listed to
Bittrex (USD/ETC fiat pair)
By: BGN Editorial Staff
News:
Bitcoin
(BTC)
Ethereum
(ETH)
Cortex
(CTXC)
Nano (NANO)
Ripple
(XRP)
OptiToken
(OPTI)
Soma (SCT)
PKG Token
(PKG)
TataTu
(TTU)
Penta (PNT)
Wild Crypto
(WILD)
United Bitcoin
(UBTC)
Leadcoin
(LDC)
Cashcoin
(CASH)
eosDAC
(TICK)
Cryptocurrencies