General Market
Outlook
The majority of top 100 market cap
coins are in the red today, but overall the cryptocurrency market
cap total has climbed throughout the week. Bitcoin and Ethereum are
both up, but modestly between 2% and 3%. The social media platform
Loom Network (LOOM) continues rising though - over 10% up in the
past 24 hours.
Major
Headlines
CalTech putting 15 years of
cell structure research to the blockchain
The internet is known as the
“information superhighway,” but filtering this information, and
manipulation of the root information has become a huge problem.
Many times primary source data is available online, but at a cost.
In science, research and educational fields, this simply shouldn’t
be the case. CalTech is making 15 years worth of electron
tomography data truly public. One of the hot topics in blockchain
is distributed or shared computing, allowing for greater access to
supercomputing, and reducing waste. However, million dollar
electron microscopes can’t be put on the blockchain. CalTech is
using Open Index Protocol to store cell structures and viruses data
in a way that keeps it public, distributed on the FLO
Blockchain. FLO is also home to a blockchain version of
youtube - Alexandria.
Square quietly added
Bitcoin
Square is one of the
world’s largest payment processors. In their first quarter of
dealing Bitcoins, they processed $34 million worth. Not much, but
this transition has to start somewhere. In comparison to their fiat
payments, Bitcoin was a drop in the bucket. In comparison to a
payment processor like Paypal, Square is a drop in the bucket
($65
billion vs. $500
billion). But obviously a change-over to
cryptocurrencies isn’t going to happen over night. Square was able
to test the waters, quantifying things for other businesses to work
off of. If Bitcoin payments follow the growth of all other payments
with square, that total could double by Q4 2018.
Telegram closes fund
raising after only 200 investors and 1.7
Billion
Telegram is a cloud based
instant messaging app founded in Russia in 2014. It has 200 million
active users. They were going to do a public ICO, but with an an
verage investment of 8.5 million, the company was able to beat out
their entire ICO goal for 1.5 billion. ICO has been the
buzz-acronym lately. Cryptocurrencies would be really nice
additions for social media applications. A telegram coin would
basically be like Snapchat doing an ICO (158 million users).
Telegram is especially popular in the blockchain space - it’s like
global AOL Instant Messenger for the blockchain space. By skipping
the ICO Telegram foregoes all the mess legal implications that
government regulators are trying to sort out right now.
Top 5
Gainers
Cyrptonite (XCN) +117.87% at
$0.004165
LePen (LEPEN) +103.04% at
$0.000192
Bloom (BLT) +99.07% at
$1.28
Veros (VRS) +68.49% at
$0.118458
True Chain (TRUE) +54.50% at
$2.77
Top 5
Losers
Lightning Bitcoin (LBTC) -% at
$38.91
Bitcoin Dark (BTCD) -% at
$127.80
Bitdeal (BDL) -% at
$0.007833
ATBCoin (ATB) -% at
$0.2542720.014321
Helbiz (HBZ) -% at
$0.014321
New Coins
Listed
Amon (AMN) listed to
Cryptopia
Bitbay (BAY) listed to
CryptoBridge
Bitcoin Private (BTCP) listed to
BitBTC
IOTA (IOTA) listed to
Cobinhood
By: BGN Editorial Staff
