General Market
Outlook
The market continues to waver
around similar prices to the end of last week. Most coins 24 hour
prices are down today, and trading volume was rising until a recent
drop to the same rate of 24 hours ago - $12 billion in 24 hours.
Peercoin (PPC) is the major stand out of the top 100 coins by
market cap - up over 12% in the past 24 hours, with Waves (WAVES),
Dentacoin (DENT) and Loopring (LRC) all up around 7% as well.
Bitcoin (BTC) is right around $6,300 for -0.5% and a total
market dominance of about 51.7%, and Ethereum (ETH) is right at
$300 for 6.5% change in the past 24 hours.
Major
Headlines
Accessible Passive Income
with Honeyminer
Mining cryptocurrencies is
dominated by several mining pools, such as Bitmain and Antpool. The
individuals or organizations that have invested in most effective
mining hardware have simply outpowered the average person, making
it useless for most people to run mining software. However, A new
mining platform for individuals is providing a way to take in a
small passive income with standard computers. The pltaform
compatible with almost 10,000 graphics cards, allowing almost
anyone to mine from their personal computer. For example, a gaming
computer could earn 4 to 5 dollars a day. Mining requires near full
capacity at all times, but the profits still outweigh
the energy cost. Many Honeyminer users are coming from india, where
median income is less than $1,700 per year. A few old computers
could potentially double an individual’s yearly income.
Congressman Releases
Crypto-holdings Statement
Congress is required to file an
annual financial disclosure that now includes reporting
cryptocurrency holdings. The change was made in May with a ruling
form House Ethics Committee. The first disclosure that
lists cryptocurrencies has been posted by Bob Goodlatte with a
value as high as $80,000. Bob Goodlatte is a member of Congress and
the chair of the House Judiciary Committee. He is also a founding
member of the Congressional Blockchain Caucus, along with Jared
Polis.
China Implements Blockchain
For Taxes
A city in China is now
using WeChat and a blockchain based system to drasticly
increase efficiency of government invoicing. The process reduces
friction and redundancies of tax invoices from businesses to the
government after consumer sales. This is especially notable because
the Chinese government would not use the technology if there was
any chance of security breaches. It also highlights an innovative
approach in collaboration with a social media app. WeChat is
similar the Facebook Messenger app - both social media and texting.
However, WeChat also has payment integration, similar to Venmo. The
new process uses the payment service in WeChat to connect payment
history to the blockchain ledger of invoices and payment
confirmations that the government needs for tax
purposes.
Top 5
Gainers
Auctus (AUC) +82.80% at
$0.079351
InterCore (ICR) +42.60% at
$0.718648
Volt (ACDC) +39.10% at
$0.001886
DACSEE (DACS) +37.60% at
$0.013597
FlorinCoin (FLO) +36.08% at
$0.064636
Top 5
Losers
PolicyPal Network (PAL) -40.43% at
$0.003561
EPLUS Coin (EPLUS) -39.17% at
$2.12
Webcoin (WEB) -31.45% at
$0.008999
Acute Angle Cloud (ACC) -26.48% at
$0.018405
Amon (AMN) -26.37% at
$0.001764
New Coins
Listed
Unibright (UBT) listed to
Cryptopia
0x (ZRX) listed to
BitPanda
By: BGN Editorial Staff
News:
Bitcoin
(BTC)
Ethereum
(ETH)
Waves
(WAVES)
Dent (DENT)
Loopring
(LRC)
Cryptocurrencies
Honeyminer
Bitmain
Blockchain
Auctus
(AUC)
InterCore
(ICR)
Volt (ACDC)
DACSEE
(DACS)
FlorinCoin
(FLO)
PolicyPal Network
(PAL)
EPLUS Coin
(EPLUS)
Webcoin
(WEB)
Acute Angle Cloud
(AAC)
Amon (AMN)