General Market
Outlook
The market continues to rise
slowly. Most top 100 coins are in the green, but trading volume has
dropped $3 billion to $14.5 billion in 24 hours. Vechain (VEN) is
major stand out of the top 100 coins by market cap - up almost 12%
in the past 24 hours. Bitcoin (BTC) is right around $8,200
For +1% and a total market dominance of about 47%, and Ethereum
(ETH) is right at $475 for +1% change in the past 24 hours. Market
cap for the overall cryptocurrency market has gained over $5
billion and is now just over $300 billion total.
Major
Headlines
SEC Postpones Cryptocurrency
ETF Decision
The US Securities and Exchange
Commission released a statement to defer the
decision on five cryptocurrency ETFs until September. All five of
the noted proposals were filed by Boston-based ETF
provider Direxion Investments on January
4th, 2018: Bear 1X Shares, Daily Bitcoin 1.25X Bull Shares, Daily
Bitcoin 1.5X Bull Shares, Daily Bitcoin 2X Bull Shares, and Daily
Bitcoin 2X Bear Shares. “Bear 1X” is linked to BTC price directly,
but the other four are related to its price variation. Law
designates that they have 180 days to provide a decision, and may
delay that date by not more than 60 days from the original. The
regulators have chosen to take the full 60 days, to make the
decision by September 21, 2018.
Binance Moves Into S.
Korea
Binance continues efforts for
global expansion by establishing three to five local corporations
in South Korea within 2018. This move is likely a long time coming.
The exchange has been added support for the Korean language on its
platform in August 2017. More recently Binance hired Korean
Executives to their company. Jeon Ah-rim was appointed local
marketing director. He had previously been working at a Korean
blockchain startup called Chain Partners. They also hired Christy
Hyungwon Choi as director of the new blockchain
incubator, Binance Labs. She previously worked for Bain
& Company, a global management consulting firm.
Venezuela’s New Currency
Tied To PetroDollar
Venezuela will replace the cuurent
bolivar with one that will be tied to the controversial "petro"
token (XPD). The new currency will be called “bolívar soberano”
(sovereign bolivar), and is already in preparation to launch next
month. Venezuelan president Nicolas Maduro claims the the new
currency will alter the financial situation of the country "in a
radical manner," fighting off as many as five zeroes from inflation
of the bolivar. "We have the correct vision of what the economic
future in Venezuela should be, above all, we will achieve
it."
Top 5
Gainers
Novacoin (NVC) +46.97% at
$5.23
SophiaTX (SPHTX) +%45.84 at
$0.179557
Acute Angle Cloud (AAC) +45.46% at
$0.048159
Refereum (REF) +33.01% at
$0.008301
Banyan Network (BBN) +30.01% at
$0.035842
Top 5
Losers
Riecoin (RIC) -67.71% at
$0.017155
Engagement Token (ENGT) -37.03% at
$0.012343
FoldingCoin (FLDC) -34.22% at
$0.006299
Nexium (NXC) -33.21% at
$0.057032
Scroll (SCRL) -31.94% at
$0.225170
New Coins
Listed
PIVX (PIVX) listed to ChangeNOW
(visa/mastercard payments)
PChain (PAI) listed to
Yobit
Propy (PRO) listed to
Yobit
QuarkChain (QKC) listed to
Yobit
Zcash (ZEC) listed to
BitGo
Bancor (BNT) listed to
Ethfinex
WePower (WPR) listed to
Ethfinex
Zilliqa (ZIL) listed to
Ethfinex
By: BGN Editorial Staff
News:
Bitcoin
(BTC)
Ethereum
(ETH)
VeChain
(VEN)
Cryptocurrency
ETF
Binance
(BNB)
Cryptocurrencies
Novacoin
(NVC)
SophiaTX
(SPHTX)
Acute Angle Cloud
(AAC)
Refereum
(RFR)
Banyan Network
(BBN)
Riecoin
(RIC)
Engagement Token
(ENGT)
Folding Coin
(FLDC)
Nexium
(NXC)
Scroll
(SCRL)
