General Market
Outlook
The market is still wavering. Most
altcoins are slightly down from yesterday, and trading volume has
declined. However several altcoins are up between 7% and 8%.
Centrality is the huge standout today of the top 100 coins - up
about +60% in the past 24 hours. Bitcoin is right around $6,700 for
about -1% change and Ethereum is right at $530 for -1.5% change in
the past 24 hours. Market cap for the overall cryptocurrency market
grew over $3 billion down to $286 billion total.
Major
Headlines
Cold Storage Cryptocurrency
Company Gets Bitlicense
Xapo has been granted a
BitLicense from the New York Department of Financial Services
(NYDFS). These have only been given out to seven other companies.
But that could also be due to the price tag of roughly $100,000 for
the entire application process. This was likely not an issue for
Xapo, which had raised $40 million from Benchmark, Greylock
Partners, Index Ventures, Fortress Investment Group, Ribbit Capital
and Emergence Capital Partners. Generally “cold storage” implies
that an individual has a usb drive, or paper wallet for their
cryptocurrency. However, Xapo takes a different approach by
combining the convenience of web or mobile wallet with the security
provided by a true cold storage wallet. The operation was founded
by Wences Casares, an Argentinian entrepreneur after experiencing
the extreme inflation and deflation his country’s monetary system
experienced.
Price Manipulation Isn’t
Just Happening With Bitcoin
$65 million in civil penalties have
been levied against JPMorgan Chase to settle charges of attempted
manipulating Isdafix benchmark swap rates between 2007 and 2012,
the U.S. The Isdafix, a leading dollar benchmark widely used in the
swaps market, to benefit its own positions. “We’re pleased to have
this matter behind us,” JPMorgan spokeswoman Jessica Francisco
said. Back in February of this year, Deutsche Bank paid $70 million
to settle similar charges. In addition, Citigroup, Barclays,
Goldman Sachs and Royal Bank of Scotland have also paid out in
recent years. The largest penalty so far was Citigroup’s $250
million settlement in 2016.
NVIDIA Forms Blockchain-AI
Incubator
Nvidia appears to be expanding its
interest in blockchain by working with a startup
called Ubex to develop a smart online marketing platform
that uses blockchain and artificial intelligence. The company has
joined NVIDIA’s Inception Program. Ubex is
developing neural network technology, which are computer programs
designed to think like humans. Blockchain is used for the huge
amount of data they will be taking in. Ubex co-founder and chief
executive Artem Chestnov: "Any AI needs datasets to work more
effectively and to learn. Training an AI requires a lot of effort.
The blockchain base will allow us to attract thousands of sources
of information that will be used to enrich our AI's database and
make it faster, smarter, stronger and more efficient." The primary
goal is to increase the effectiveness of advertising
algorithms.
Top 5
Gainers
Centrality (CENNZ) +59.42% at
$0.166881
Envion (EVN) +45.78% at
$0.258815
Feathercoin (FTC) +43.70% at
$0.117779
1World (1WO) +41.07% at
$0.171480
Yocoin (YOC) +39.91% at
$0.051497
Top 5
Losers
Pundi X (NPXS) -23.59% at
$0.008119
All Sports (SOC) -22.75% at
$0.064055
Ivy (IVY) -21.94% at
$0.114418
Content and AD Network (CAN)
-19.70% at $0.015315
0xBitcoin (0xBTC) -17.46% at
$1.26
New Coins
Listed
Aurora (AOA) listed to
KuCoin
EOS (EOS) listed to
Kraken
Pundi X (NPXS) listed to Binance
and IDEX
Holo (HOT) listed to
IDEX
By: BGN Editorial Staff
News:
Bitcoin
(BTC)
Ethereum
(ETH)
Blockchain
Centrality
(CENNZ)
Envion
(EVN)
Feathercoin
(FTC)
1World
(1WO)
Yocoin
(YOC)
Pundi X
(NPXS)
All Sports
(SOC)
Ivy (IVY)
Content and Ad Network
(CAN)
0xBitcoin
(0xBTC)
Cryptocurrencies
