General Market
Outlook
The market continues leaning toward
a downtrend over the weekend and through the past 24 hours. Nearly
all coins are in the red and trading volume has hovered only around
$11 billion in 24 hours. Industry experts believe the movement is
associated with recent decisions by American government on Bitcoin
exchange traded products and futures. Bitcoin Diamond (BCD) and
Waves (WAVES) are the major stand outs of the top 100 coins by
market cap - up over 23% and 20% respectively in the past 24 hours.
Bitcoin (BTC) is right around $6,300 for -1.5% and a total
market dominance of about 55.9%, and Ethereum (ETH) is right at
$200 for -3% change in the past 24 hours. Market cap for the
overall cryptocurrency market dropped by about $4 billion, now at
$195 billion total.
Major
Headlines
Paxos Stablecoin Approved by
NYDFS
Paxos is launching a stablecoin
with regulatory backing from the state of New York. “Paxos
Standard,” has been approved and will be regulated by the New York
Department of Financial Services (NYDFS). It is fully backed USD.
Paxos is already a qualified custodian, meaning it is legally
regulated and approved by the U.S.SEC to hold client funds. The
token is designed to provide liquidity for investors trading in
crypto assets by providing a "digital alternative to cash" that can
still see instant transaction settlements. It is based on
Ethereum's ERC-20 standard, and can be sent between any two wallets
on the ethereum network. Only verified Paxos customers can purchase
or redeem tokens on the company's website.
SEC Halts Cryptocurrency
ETNs
On Sunday the U.S. SEC announced
temporary suspension of trading in the securities Bitcoin Tracker
One (“CXBTF”) and Ether Tracker One (“CETHF”) starting at 21:30
(UTC) on September 9 and ending at 03:59 (EDT) on September 21.
Both ETNs are issued by Swedish company "XBT Provider", a
wholly-owned subsidiary of UK company Global Advisors (Holdings)
Limited. The SEC’s statement included some reasoning for the
decision: “The Commission temporarily suspended trading in the
securities CXBTF and CETHF because of confusion amongst market
participants regarding these instruments… It appears to the
Securities and Exchange Commission (SEC) that there is a lack of
current, consistent and accurate information concerning Bitcoin
Tracker One (Ticker Symbol: CXBTF) and Ether Tracker One (Ticker
Symbol: CETHF).”
Citigroup is developing a
cryptocurrency product
Citigroup is developing a
cryptocurrency product to give institutional investors access to
crypto markets without owning cryptoassets directly. They will
reportedly use American Depositary Receipts (ADR), which is a type
of security issued since the 1920s that represents securities of a
non-U.S. company. The end product will be known as a Digital Asset
Receipt (DAR). Development is in the early stages, with no timeline
set in place.
Top 5
Gainers
FUTURAX (FTXT) +101.27% at
$0.000171
Crypterium (CRPT) +40.13% at
$0.315968
QunQun (QUN) +39.90% at
$0.009947
Uquid Coin (UQC) +39.72% at
$0.627735
HeroNode (HER) +34.10% at
$0.003003
Top 5
Losers
PKG Token (PKG) -78.50% at
$0.000075
Couchain (COU) -43.56% at
$0.000036
EPLUS Token (EPLUS) -39.76% at
$1.48
IGToken (IG) -34.61% at
$0.000160
EliteShipperToken (ESHIP) -33.34%
at $0.000029
New Coins
Listed
Dentacoin (DCN) listed to
LAToken
Quanta (QNTU) listed to
Cryptopia
By: BGN Editorial Staff
News:
Bitcoin
(BTC)
Ethereum
(ETH)
Bitcoin Diamond
(BCD)
Waves
(WAVES)
Cryptocurrencies
FUTURAX
(FTXT)
Crypterium
(CRPT)
QunQun
(QUN)
UQUID CARD
(UQC)
HeroNode
(HER)
PKG Token
(PKG)
Couchain
(COU)
EPLUS Coin
(EPLUS)
IGToken
(IG)
EliteShipperToken
(ESHIP)
