General Market
Outlook
The market rose sharply in the past
24 hours with many coins seeing positive gains. Trading volume has
risen proportionally from $15 billion to almost $18 billion in 24
hours. Buggyra Coin (BCZERO) and Crypto.com (CRO) are the major
stand outs of the top 100 coins by market cap - up over 60% and 16%
respectively in the past 24 hours. The value of Bitcoin (BTC) is
just over $4,000 for +2.5% and a total market dominance of 51.7%,
and the value of Ethereum (ETH) is right under $155 for -1.0?%
change in the past 24 hours. Market cap for the overall
cryptocurrency market declined/gained/made no significant change
over $? billion, rising/falling to $??? billion total.
Major
Headlines
Ireland Potentially
Following EU Lead
In July of this year the EU
established updated Anti-Money Laundering regulations in response
to cryptocurrencies and digital assets. The changes came after a
great deal of research and input from industry professionals in
technology and the financial sector, and call for stricter KYC
information from exchanges and wallet providers. The changes are
then free to applied within EU member countries, and Ireland is
just a few steps away from adoption. The primary change is for
onboarding new customers. No anonymous safety deposit boxes or
anonymous cryptocurrency wallets would be permissible. “The reality
is that money laundering is a crime that helps serious criminals
and terrorists to function, destroying lives in the process…
Criminals seek to exploit the EU’s open borders and EU-wide
measures are vital for that reason. Ireland strongly supports the
provisions in the fifth EU money laundering directive.” - Minister
of Justice Charlie Flanagan
$24 Billion Processed By
Circle
In just one year, which was their
first year providing their own cryptocurrency services, Circle
processed $24 billion with their over-the-counter (OTC) trading
desk. The total came from more than 10,000 OTC trades between 600
different counterparties. Circle claims they have established
partnerships with 1,000 institutional clients like exchanges, token
projects, OTC desks, asset managers, and other global endowments.
“This year, we anticipate further incremental growth in
institutional adoption catalyzed by stablecoin usage, advancements
in institutional custody solutions, increasing regulatory clarity
particularly in the [United States], and improvements and
innovation in core crypto infrastructure.”
Ledger’s New
Model
As the leader in cryptocurrency
hardware wallets, Ledger is not sitting back for competition to
catch up. The firm has just released an entirely new model, which
is bluetooth enabled. The Ledger Nano X, was revealed at the CES
2019 conference in Las Vegas. Adding the bluetooth feature allows
wireless connectivity to a secure ledge mobile app for monitoring
balances. The device will be compatible with 100 crypto
assets.
Top 5
Gainers
WXCOINS (WXC) +123.04% at
$1.37
Melon (MLN) +72.56% at
$14.73
Brother (BRAT) +69.09% at
$0.000289
WitChain (WIT) +60.89% at
$0.000065
Buggyra Coin Zero (BCZERO) +60.73%
at $0.065731
Top 5
Losers
Narrative (NRVE) -37.49% at
$0.012343
TrakInvest (TRAK) -35.95% at
$0.004084
Global Cryptocurrency (GCC) -33.84%
at $0.003752
Quantis Network (QUAN) -33.32% at
$0.086521
Ink (INK) -32.29% at
$0.005781
New Coins
Listed
Bankera (BNK) launching public
exchange and trading
By: BGN Editorial Staff