General Market
Outlook
The market continues to ascend
after a couple days of consolidation. Nearly all coins are in the
green and trading volume has grown proportionally from $15 billion
to over $17 billion in 24 hours. Eternal Token (XET) Gas (GAS) and
Electroneum (ETN) are the major stand outs of the top 100 coins by
market cap - up over 44%, 37% and 14% respectively in the past 24
hours. Bitcoin (BTC) is right around $6,650 for +2% and a
total market dominance of about 52.0%, and Ethereum (ETH) is right
at $225 for +3.5% change in the past 24 hours. Market cap for the
overall cryptocurrency market rose just over $5 billion, now
totaling $222 billion.
Major
Headlines
Possible Registered
Cryptocurrency Bank
A Swiss startup founded by several
former UBS bankers is looking to establish a regulated
cryptocurrency bank. The company has achieved initial funding of
just over $100 million. SEBA Crypto AG intends to offer traditional
banking services to firms in the crypto industry, as well as the
traditional services of current cryptocurrency exchanges such
as trading, asset management and custody services for financial
institutions. They have submitted an application for a banking and
securities dealer license from the Swiss Financial Market
Supervisory Authority (FINMA). Official launch depends on
completion of that process. Andreas Amschwand is a chairman of SEBA
and former global head of foreign exchange and money market at UBS.
He summarized their commitment to integrating the new technology
with the financial industry. "In Switzerland, we have the
commitment from various authorities to establish a comprehensive
regulatory environment for the development of blockchain technology
and the sustainable, stable growth of crypto assets."
Blockchain Proof of
Insurance
IBM blockchain technology is
facilitating a new process of insurance data management. Marsh, a
global insurance brokerage and risk management firm, has been
working with the technology for sometime, but is now officially
releasing a proof-of-insurance blockchain solution. The system will
take advantage of IBM’s links with customer relationship management
giant Salesforce. Marsh clients will access to the system directly
through the Salesforce customer relations platform.
Goldman Sachs Funding Veem
Payment Processor
Veem finished their initial funding
round with a $25 million total led by Goldman Sachs. Formerly known
as Align Commerce, the company had previously been funded with $26
million in 2017 by Google Ventures, Silicon Valley Bank, Kleiner
Perkins and Pantera Capital. The start up offers a multi-rail
payments platform that includes both traditional SWIFT-based
transfers and blockchain networks, while maintaining reduced fees
compared to the traditional methods.
Top 5
Gainers
ONG (ONG) +324.70% at
$2.62
InsurChain (INSUR) +107.50% at
$0.001462
Octoin Coin (OCC) +105.77% at
$0.250552
ContractNet (CNET) +105.59% at
$0.023296
Brickblock (BBK) +89.79% at
$0.078112
Top 5
Losers
Mainstream For The Underground
(MFTU) -30.08% at $0.000309
Yocoin (YOC) -24.52% at
$0.015426
APIS (APIS) -19.32% at
$0.004283
Token Pay (TPAY) -18.64% at
$1.61
CyberFM (CYFM) -18.34% at
$0.000016
New Coins
Listed
WAB Network (WAB) listed to
BitMart
Zcash (ZEC) listed to
HBUS
BlockParty (BOXX) listed to
Bittrex
ByteCoin (BCN) listed to
Gate.io
By: BGN Editorial Staff
News:
Cryptocurrencies
Bitcoin
(BTC)
Ethereum
(ETH)
Eternal Token
(XET)
Gas (GAS)
Electroneum
(ETN)
Blockchain
ONG (ONG)
InsurChain
(INSUR)
Octoin Coin
(OCC)
ContractNet
(CNET)
Brickblock
(BBK)
Mainstream for the
Underground (MFTU)
Yocoin
(YOC)
APIS (APIS)
Token Pay
(TPAY)
CyberFM
(CYFM)
