General Market
Outlook
The market is now consolidating
after falling back to this month’s low. Top 100 coins are split for
the most part between recovery and continuing a downtrend. When the
low was hit, volume rose, but has since declined. Power Ledger
(POWR) and Ethos (ETHOS) are the major stand outs of the top 100
coins - both up about +9% in the past 24 hours. Bitcoin is right
around $6,400 for just about no change and Ethereum is right at
$445 for +1% in the past 24 hours. Market cap for the overall
cryptocurrency market is actually up almost $2 billion from where
it was 24 hours ago, totaling $255 billion total.
Major
Headlines
Legitimate Crypto-Education
Available Overseas
A full fledged university
cryptocurrency certification course is now available at the London
School of Economics and an Australian University. Some of the most
prominent topics are “practical skills to interact with
cryptocurrency exchanges,” and skills to “evaluate the analytics”
of ICOs. The LSE has produced 36 world leaders, 18 Nobel Prize
winners, and now one of the first prestigious crypto
certifications: “Cryptocurrency Investment and
Disruption.” The Australian university is researched focused.
Their course is more geared toward blockchain: “Developing Blockchain Strategy.” However, the
University of Malta will take it up several notches in October this
year when they introduce an entire blockchain
degree.
Cryptocurrency Market Falls
Back to Month Lows
Bitcoin and most cryptocurrencies
took a big hit yesterday, but market cap for the entire market is
still around $20 billion more than the low in June. The market cap total is just about $250 billion,
which is right around the same value as when the market began the
insane rise to $830 billion in late November. So, although the
volatility recently seems pretty extreme, if you take a look at a
longer time frame, the prices have been more stable than they were
over the winter. Off course at that time the direction was
exponentially upward. When market movement is like that, the
general term seems to becomes “growth” instead of
volatility.
BitGo Cryptocurrency
Custody Services Expands
BitGo’s entire business model is
dedicated to streamlining the process of properly and safely
handling cryptocurrencies for the individual or business. Their
most important customers are institutional investors. These
organizations are looking to invest, not just in Bitcoin and
Ethereum. They are looking to diversify into many different
options, but this can really get complicated with storage,
regulatory and tax compliance, and the potential of air drop and
hard forks. BitGo just added support for 57 ERC-20 tokens. For
investors, this is also kind of successful test. BitGo has to
analyze any coin they are going to handle to avoid dealing with a
company or network they don’t trust.
Top 5
Gainers
Coupecoin (COUPE) +65.38% at
$0.000064
Covesting (COV) +64.82% at
$1.34
DeviantCoin (DEV) +57.96% at
$1.69
Fantomcoin (FCN) +54.14% at
$0.147770
United Traders Token (UTT) +31.66%
at $0.472420
Top 5
Losers
Everus (EVR) -33.00% at
$0.26481
Bitcurrency (BTCR) -31.67% at
$0.001478
Swarm (SWM) -29.92% at
$0.288364
Fort Seven Bank (FSBT) -25.00% at
$0.452003
CoinMeet (MEET) -19.74% at
$0.027594
New Coins
Listed
OverPowerCoinX (OPCX) listed to
Cryptopia
GameStars Token (GST) listed to
Yobit
By: BGN Editorial Staff
News:
Cryptocurrencies
Bitcoin
(BTC)
Ethereum
(ETH)
Power Ledger
(POWR)
Ethos
(ETHOS)
BitGO
Coupecoin
(COUPE)
Covesting
(COV)
DeviantCoin
(DEV)
Fantomcoin
(FCN)
United Traders Token
(UTT)
Everus
(EVR)
Bitcurrency
(BTCR)
Swarm (SWM)
Fort Seven Bank
(FSBT)
CoinMeet
(MEET)
