General Market
Outlook
The market continues to drop
somewhat more, but there is a small group of coins that are
recovering. Trading volume has hovered right around $11billion in
24 hours. Emercoin (EMC) is the major stand outs of the top 100
coins by market cap - up over 43% in the past 24 hours. Bitcoin
(BTC) is right around $6,300 for -1% and a total market
dominance of about 56.7%, and Ethereum (ETH) is right at $185 for
-4.5% change in the past 24 hours. Market cap for the overall
cryptocurrency market lost just over $5 billion down to $191
billion total.
Major
Headlines
Gemini Approved For USD
Stablecoin
Widely known cryptocurrency
exchange founded by the Winklevoss twins, Gemini, has confirmed
that they will launch a stablecoin backed by USD. The
cryptocurrency is built on ethereum, and has been reviewed and
approved by the New York Department of Financial Services (NYDFS).
It will be directly pegged 1:1 with USD, where the Gemini Trust
Company holds USD deposits corresponding to the number of tokens in
circulation. The holdings are secured in the U.S. based State
Street Bank, and insured through the Federal Deposit Insurance
Corporation (FDIC)'s "pass-through" deposit insurance program.
Independent auditor BPM Accounting and Consulting will review the
company's bank holdings on a monthly basis, and Gemini will make
the audits publicly available."The Gemini dollar is part of our
mission to build the future of money ... It is the missing link
between the traditional banking system and the crypto economy."
- Tyler Winklevoss
First Bitcoin Mutual Fund
In Canada
First Block Capital Inc. was
Canada’s first and still only regulated Bitcoin fund. The fund has
now obtained mutual fund trust status. This allows investors to put
their fund units in self-directed registered accounts. The service
is offered only to accredited investors, and will provide
substantial tax benefits for retirement and savings purposes
through Canda’s Registered Retirement Savings Plan (RRSP) and a
Tax-Free Savings Account (TFSA). Qualifications for accredited
investors in Canada include: registered as an adviser or dealer; a
person who owns financial assets that exceeds $1,000,000 before
taxes; a person whose net income before taxes exceeds $200,000 or
$300,000 the two most recent calendar years. The FBC Bitcoin Trust
will be available for purchase on the decentralized and
self-regulated crypto payment system called NEO Connect.
French Soccer Ligue
Champion PSG Launching Blockchain Network
French soccer club Paris
Saint-Germain (PSG) will collaborate with Socios.com to launch a
token ecosystem. The platform is built on the blockchain venture
“chiliZ,” to allow the club to launch a Fan Token Offering (FTO).
This will give fans access to branded Saint German club tokens that
can be used to for voting rights on things like jersey colors, or
can also confer VIP status and/or rewards to their
holders.
Top 5
Gainers
Superior Coin (SUP) +101.30% at
$0.000998
Mass Vehicle Ledger (MVL) +67.30%
at $0.003341
EPLUS Coin (EPLUS) +55.92% at
$2.31
Vitae (VITAE) +50.20% at
$0.595558
Emercoin (EMC) +43.33% at
$1.27
Top 5
Losers
Webcoin (WEB) -45.57% at
$0.022297
Uquid Coin (UQC) -38.21% at
$0.378907
ATC (ATCC) -28.74% at
$0.006773
TraDove B2BCoin (BBC) -24.95% at
$0.010437
LogisCoin (LGS) -24.44% at
$13.06
New Coins
Listed
Project Coin (PRJ) listed to
Cryptopia
Gemini Dollar (GUSD) listed to
Gemini
By: BGN Editorial Staff
News:
Bitcoin
(BTC)
Ethereum
(ETH)
Emercoin
(EMC)
Superior Coin
(SUP)
Mass Vehicle Ledger
(MVL)
EPLUS Coin
(EPLUS)
Vitae
(VITAE)
Webcoin
(WEB)
UQUID CARD
(UQC)
ATC (ATCC)
TraDove B2BCoin
(BBC)
LogisCoin
(LGS)