General Market
Outlook
After a couple weeks of steady
growth, big spikes and dip recovery, it looks like the same might
be coming again. Bitcoin (BTC) is holding above $9,000 and
Ethereum (ETH) is floating right about $700.
The big name coins like EOS (EOS), Cardano (ADA), WaltonChain (WTC) are all taking turns with
growth of 10% or more in less than 24 hours. EOS is down
almost 10%, but had just about doubled over the past week. Many
other coins from the top 100 are making gains of 20% or more. Aelf
(ELF) is just short of up 30% in the
past 24 hours right now.
Major
Headlines
50% Reduction in French
Cryptocurrency Tax
Bitcoin and other cryptocurrencies
are no considered “movable property” regarding French Tax law. This
asset type refers to tangible or intangible things like cars,
jewelry, patents or copyrighted materials. When sold, they’re taxed
at a flat 19% rate. Previous regulation considered cryptocurrency
sale “industrial and commercial profits,” which brough totals well
over 50% for the highest earners. For those who mine
cryptocurrency, classification will depend on volume, where
commercial level mining operations will be taxed under the old
“industrial and commercial profits” standard.
Japanese Exchange Coincheck
Matches Stock Exchange Profits
The cryptocurrency exchange
recorded a $432 Million fiscal year profit. Japan’s leading stock
exchange ended with $657 Million. This total was made despite
Coincheck refunding millions following a hack on their system. On
January 26, 2018 Coincheck was liquidated of $532 Million worth of
NEM. Their security was subpar. The organization was purchased last
month by the Monex Group - a large Japanese securities trading
company established in 1999 who plans on improving the security
procedures on every level of the operation.
Ripple Expanding Use of
RippleNet with xVia
Payment processing companies
FairFX, Exchange4Free, RationalFX, UniPAY and MoneyMatch are
adopting xVia. Ripple has several products to benefit companies
with cross-border payment issues - xVia provides a standardized
interface for global payments. Whether this will influence the
price of XRP substantially is yet to be seen. Adoption of RippleNet
is growing, however Ripple software and distributed leder
technology (DLT) can be used without actually using the XRP
token.
Top 5
Gainers
Vapers Coin (VPRC) +159.97% at
$0.000367
Dignity (DIG) +96.24% at $0.161335
OX Fina (OX) +84.65% at $0.141238
HomeBlockCoin (HBC) +74.11% at $0.001392
OP Coin (OPC)
+73.67% at $0.005028
Top 5
Losers
Dero (DERO)
-34.22% at $2.58
Lightning Bitcoin (LBTC)
-28.70% at $152.28
Bitcoin Plus (XBC)
-23.95% at $73.81
SRCOIN (SRCOIN) -23.49% at
$0.002733
GreenMed (GRMD)
-22.96% at $0.174174
New Coins
Listed
FreyrChain (FREC) listed to
HitBTC
FinTruX Network (FTX)
listed to HitBTC
Binance Token (BNB)
listed to YoBit
Loom Network (LOOM) listed to YoBit
Taklimakin Coin (TKLN) listed to YoBit
StakeNet (XSN)
listed to Cryptopia
HoloChain (HOT)
listed to IDEX
By: BGN Editorial Staff
