General Market
Outlook
The market has made fairly strong
downturn with many coins seeing double digit losses. Many more
coins are in the negative than positive, and trading volume has
moved has risen to between $19 billion and $20 billion in 24 hours.
PundiX (PUNDI) is the only major stand out of the top 100 coins by
market cap - up over 6% in the past 24 hours. The value of Bitcoin
(BTC) is right around $3,450 for -4.0% and a total market dominance
of about 53.8%, and the value of Ethereum (ETH) is right at $105
for -9.5?% change in the past 24 hours. Market cap for the overall
cryptocurrency market declined by almost $7 billion, falling to
under $113 billion total.
Major
Headlines
Symbiont Gains Nasdaq
Funding
A new enterprise blockchain
developer has just closed their second round of funding. The round
included big name support from Nasdaq Ventures, Galaxy Digital,
Citi, Raptor Group and several others to the total of $20 million.
Although the firm has been in operation for almost two years, this
is the first time they have truly reached headlines. The company of
over 60 employees has been diligently working toward partnerships
to develop an industry leading enterprise blockchain template. “We
have been very good stewards of capital for the six years we have
been in business. I think we have done more with less than anybody
out there. So it was time for us to do a bigger round and adding
the Nasdaq as an investor and partner, and Citi as an investor and
partner, really solidifies our strategy.” - Symbiont CEO Mark
Smith
Better Than Cold
Storage?
A new custodial service for
financial institutions looking to invest in cryptocurrencies claims
to have developed a novel form of cold storage that is more secure
than any other, while still offering easy access to the
cryptocurrencies. The company was originally funded by
Crypto-Celebrity Andreessen Horowitz, Max Levchin, Khosla Ventures,
Blackrock’s Mark McCombe, Elad Gil and AngelList co-founder Naval
Ravikant with $17 million, but have still not released details on
how this system fill function: “As we grew to understand the
problem, we envisioned a solution based on the security principles
we understood well: one that combines multi-person integrity with
hardware-based systems, allowing us to build a platform that is
more secure than cold storage, but has the benefits of keeping the
assets accessible.”
New Tokenized Asset
Platform
Two minor cryptocurrency companies
Zilliqa and MaiCoin have teamed up to join the competition for
tokenization platforms. Their new platform “Hg Exchange” is claimed
to give users a “one-step solution” for creating digital
representation of traditional financial assets. The network
provides users the ability to delineate privately held shares of
previously unshareable assets. The company will be seeking out
major tech firms in South East Asia: “It is envisaged that Hg
Exchange will provide access to high-growth startups and also
decacorns [companies valued above $10 billion] such as Uber,
Airbnb, Space X, Grab and Didi Chuxing, which are currently not
within reach of the average investor.”
Top 5
Gainers
Globatalent (GBT) +65.48% at
$0.005285
DPRating (RATING) +61.51% at
$0.000359
Bitcoiin (B2G) +31.46% at
$0.024087
Morpheus Labs (MITX) +29.81% at
$0.006802
Italian Lira (ITL) +27.58% at
$0.000023
Top 5
Losers
Ti-Value (TV) -40.93% at
$0.022129
SoPay (SOP) -34.29% at
$0.001235
Nasdacoin (NSD) -31.83% at
$0.653217
Trinity Network Credit (TNC)
-29.96% at $0.002891
Kambria (KAT) -29.78% at
$0.004475
New Coins
Listed
VEO-btc (VEO) listed to
HitBTC
Effmining (EFFM) listed to
Yobit
By: BGN Editorial Staff
