General Market
Outlook
The market is beginning to
consolidate after the strong downtrend of the past couple days.
Coins are split between positive and negative percentage changes,
and trading volume has dropped back down to a more normal level of
between $14 billion and $16 billion in 24 hours. Factom (FCT) and
WAX (WAX) are the major stand outs of the top 100 coins by market
cap - up over 32% and 18% respectively in the past 24 hours. The
value of Bitcoin (BTC) is nearly $5,600 for +0.5% and a total
market dominance of about 52.8%, and the value of Ethereum (ETH) is
around $175 for -1.0?% change in the past 24 hours. Market cap for
the overall cryptocurrency made no significant change settling back
to around $184 billion total.
Major
Headlines
Another New York BitLicense
Issued
NYDIG Execution is now the newest
license holder of the Bitlicense, which allows companies to offer
custodial services and execute transactions with cryptocurrencies.
It also includes a set of guidelines these companies must adhere to
regarding cryptocurrency control, administration,
maintenance, storing, and issuance. NYDIG will be allowed to work
with five cryptocurrencies; Bitcoin (BTC), Bitcoin Cash (BCH),
Ethereum (ETH), XRP (Ripple), and Litecoin (LTC). The company is a
subsidiary of the New York Digital Investment Group LLC (NYDIG),
and is authorized to run self-custody contracting with third
parties for custodial services. The license extends to their
contracting service NYDIG Execution and its other subsidiary NYDIG
Trust.
Blockchain Ridesharing
Coming To Singapore
In Singapore, Mass Vehicle Ledger
has become a popular ride sharing app that operates similarly to
Uber or Lyft. The company is now partnering with one of the major
blockchain networks OmiseGo. MVL and OmiseGo plan to launch a
Proof-of-Concept (PoC) to see if the OmiseGo network can be
compatible and beneficial with MVL’s data record-keeping system. As
an additional input of traffic data, the PoC will record data
collected from TADA, a taxi booking service created by MVL as well.
With integration of blockchain technology, the payment systems
involved in ride sharing apps could be streamlined to provide lower
prices and higher use rates.
International Charity Using
Blockchain For Agriculture
Oxfam has officially launched its
BlocRice platform, a supply chain solution for Cambodian rice.
BlocRice uses smart contracts to increase transparency and security
between rice growers and purchasers in the Netherlands. They plan
to reach as many as 5,000 partner farms by 2022. They hope that the
increased automation for individual farmers will allow them to
produce their product more easily and potentially set higher prices
and avoid economic disadvantages. “The application of blockchain
technology is expected to enhance the negotiation power of
small-scale farmers in their rice value chains, who are usually
poor primary producers.” - Solinn Lim, country director of Oxfam in
Cambodia
Top 5
Gainers
CrowdWiz (WIZ) +144.75% at
$0.070811
AirToken (AIR) +45.65% at
$0.001405
Patron (PAT) +42.62% at
$0.022201
Bitcoin Cash SV (BCHSV) +39.79% at
$125.62
Gold Bits Coin (GBC) +38.39% at
$0.173094
Top 5
Losers
Nasdacoin (NSD) -31.75% at
$3.28
Ink (INK) -25.67% at
$0.011912
Apollo Currency (APL) -23.17% at
$0.001058
BitWhite (BTW) -22.01% at
$0.005699
KWHCoin (KWH) -20.13% at
$0.004907
New Coins
Listed
Veros (VRS) listed to
IDAX
Tron (TRX) listed to
Bestex
Eunomia (ENTS) listed to
Coinlim
Tezos (XTZ) listed to
Cobinhood
Lisk (LSK) listed to
Cobinhood
By: BGN Editorial Staff