General Market Outlook
The market is now consolidating after recovering from a dip over
the weekend. Coins and tokens are split between positive and
negative gains with some making substantial growth. Trading volume
has slowed by almost half, as yesterday’s growth brought a massive
influx in trading. It now sits around $12 billion in 24 hours.
Tezos (XTZ) and MobileGo (MGO) are the major stand outs of the top
100 coins by market cap - up over 16% and 15% respectively in the
past 24 hours. Bitcoin (BTC) is right around $6,600 for -1%
and a total market dominance of 54.0%, and Ethereum (ETH) is right
at $210 for -0.5% change in the past 24 hours. Market cap for the
overall cryptocurrency market has wavered right around it’s current
total of $212 billion without making any significant highs or
lows.
Major Headlines
Fidelty Cryptocurrency Platform
Many of the world’s most prevalent banks have been making their way
into the cryptocurrency space, and now Fidelity will join the group
with a cryptocurrency trading and storage platform. It will provide
cryptocurrency custody and trading services for corporate clients.
Their customer focus will be institutional investors, including
hedge funds, family offices and market intermediaries. "The
creation of Fidelity Digital Assets is the first step in a
long-term vision to create a full-service enterprise-grade platform
for digital assets.” The platform will host bitcoin and ethereum at
least, with more to be announced.
Ethereum Foundation Gives Back $3 Million
As a part of their grant program for start ups, the Ethereum
Foundation has awarded almost $3 million to a fairly large list of
up and coming ethereum network projects. More 20 different
individuals or groups were provided $2.86 million in total. Their
projects focus on the breadth of blockchain technology applications
for client diversity, usability, scalability, security and building
tools. The biggest grants were two of $500,000 to Prysmatic Labs
and Status. Spankchain, Kyokan and Connext received $420,000 as a
group to work on an open-source software developer's kit (SDK) for
a novel non-custodial payment channel hub. "We would not exist
without the time and energy that you put into Ethereum. While the
program continues to grow, we will increasingly continue to involve
more community members in the decision making process."
Steve Wozniak’s New Venture Capital Fund
In August, Steve Wozniak announced he was involved in what would be
a very important blockchain technology related start up. The
company, EQUI Global, is concerned primarily with blockchain and
cryptocurrency related investment opportunities, and the actual
platform itself is constructed using a blockchain network. The
EquiTokens are ERC-20 Ethereum network tokens and will facilitate a
more streamlined approach investing in the industry.
Top 5 Gainers
Cobrabytes (COBRA) +254.02% at $0.204353
FairCoin (FAIR) +87.12% at $0.329402
Hurify (HUR) +86.50% at $0.006210
Ethereum Monero (EXMR) +69.35% at $0.073395
New Power Coin (NPW) +61.47% at $0.459663
Top 5 Losers
SHADE Token (SHADE) -59.59% at $0.008996
QYNO (QNO) -33.46% at $0.150484
Celsius (CEL) -27.50% at $0.049537
Patron (PAT) -26.24% at $0.011656
Monero Classic (XMC) -25.82% at $1.76
New Coins Listed
Bionic (BNC0) listed to HotBit
Tezos (XTZ) listed to Kraken
TrakInvest (TRAK) listed to GateCoin
By: BGN Editorial Staff
