General Market
Outlook
The market is now consolidating
after the surge over the past few days. Nearly all coins are down
from their highs slightly, trading volume is holding. Gas (GAS) and
Cortex (CTXC) are the major stand outs of the top 100 coins - up
over 12% and 10% respectively in the past 24 hours. Bitcoin is
right around $6,700 for about -1% change and Ethereum is right at
$475 for roughly no change in the past 24 hours. Market cap for the
overall cryptocurrency market is down about $3 billion to $272
billion total.
Major
Headlines
Microsoft Azure Adoption In
Taiwan
Microsoft Taiwan is not partnered
with Digital China and Hot Cool to use blockchain technology to
improve the financial, e-commerce, entertainment, and other
industries. The Azure Blockchain Workbench gives blockchain
developers a pre-built network and infrastructure. The general
manager of Microsoft Taiwan, explained that he believes Microsoft
Azure can improve the computing speed and security of Digital
China’s digital blockchain services: “Taiwan has first-class
engineering and technical talents, and… it carries a solid
manufacturing and R&D foundation, plus Excellent geographical
location, with the superior conditions for the development of
blockchain application.”
“Joint Chiefs of Global Tax
Enforcement (J5)”
The US Internal Revenue Service
(IRS) is launching a join effort of authorities from the UK,
Canada, and Australia to “reduce the growing threat” of tax fraud
related to cryptocurrencies worldwide. Members are the American
Internal Revenue Service Criminal Investigation (IRS-CI), the
Australian Criminal Intelligence Commission (ACIC), the Australian
Taxation Office (ATO), Canada’s Revenue Agency (CRA), Netherland’s
Fiscale Inlichtingen- en Opsporingsdienst (FIOD), and the UK’s HM
Revenue & Customs (HMRC).
“...organized criminals and tax
cheats manipulate the system and exploit vulnerabilities for their
personal gain. The J5 aims to break down those walls, build upon
individual best practices, and become an operational group that is
forward-thinking and can pressurize the global criminal community
in ways we could not achieve on our own.”
Switzerland May Keep Up
With Malta
Recently Malta passed
a series of legislation that
created legal certainty for cryptocurrency and related businesses.
Switzerland has traditionally had one city as a hub for
cryptocurrency, but this may soon spread. Their major banks had
previously denied accounts to cryptocurrency related businesses as
well. Earlier this year, Johann Schneider-Ammann, economics
minister, said Switzerland wanted to become the “crypto nation.”
Switzerland’s central bank, financial supervisor and federal
government “are willing to help.”
Top 5
Gainers
Sakura Bloom (SKB) +77.88% at
$0.011550
Dorado (DOR) +59.10% at
$0.027548
Primas (PST) +36.68% at
$0.470515
AI Doctor (AIDOC) +32.43% at
$0.026796
GoChain (GO) +28.41% at
$0.056031
Top 5
Losers
ATMChain (ATM) -35.36% at
$0.001063
Ethos (ETHOS) -29.01% at
$1.94
Qube (QUBE) -26.13% at
$0.011543
Syscoin (SYS) -23.66% at
$0.191436
ARbit (ARB) -23.45% at
$0.003036
New Coins
Listed
BCSHop.io (BCS) listed to
Cryptopia
Project PAI (PAI) listed to
Bitfinex
PIVX (PIVX) listed to
Coinbe
Bytecoin (BCN) listed to
OKEx
Mainframe (MFT) listed to
Binance
By: BGN Editorial Staff
News:
Cryptocurrencies
Bitcoin
(BTC)
Ethereum
(ETH)
Cortex
(CTXC)
Gas (GAS)
Microsoft
Azure
Sakura Bloom
(SKB)
Dorado
(DOR)
Primas
(PST)
Al Doctor
(AIDOC)
GoChain
(GO)
ATMChain
(ATM)
Ethos
(ETHOS)
Qube (QUBE)
Syscoin
(SYS)
Arbit (ARB)