General Market
Outlook
The market continues to consolidate
after a strong rise moving into the weekend. Trading volume has
stayed around $12 billion in 24 hours. Veritaseum (VERI) and Tezos
(XTZ) are the major stand outs of the top 100 coins by market cap -
up over 24% and 13% respectively in the past 24 hours. Bitcoin
(BTC) is right around $6,500 for +1% and a total market
dominance of about 52.2%, and Ethereum (ETH) is right at $290 for
-4% change in the past 24 hours. Market cap for the overall
cryptocurrency market hit a high of $219 billion on Sunday, but has
since dropped to $214 billion total.
Major
Headlines
Blockchain Consumer Food
Safety Results
ZEGO snack food company is using QR
codes to give consumers access to 3rd party lab results for their
food stored on a blockchain. The recent Monsanto lawsuit that
awarded the victim $289 million involved glyphosate. This is the
first example ZEGO has launched with their “Z-CODE” system for
chemical contaminants. It was originally developed for transmitting
batch-level allergen and gluten cross contact lab results. When a
food company, or third party lab tests a product for contaminant
such as glyphosate residue, they can easily mark the results with
the QR code of the given product batch and input the results to the
system’s blockchain database. This provides instant access to test
results for consumers who have already purchased the
product.
U.S. Resident Charged For
Bitcoin Money Laundering
A 21 year old in California created
a Bitcoin exchange in 2015 when his Coinbase account was shut down,
selling a quarter of a million USD of BTC to 900 people. Jacob
Burrell Campos attended the first hearing in the Southern District
of California for illegal money transmission, money laundering and
structuring international instrument transactions. The exchange he
created was not registered in any way with the U.S. government. The
Bitcoin he sold was purchased through Bitfinex, where he had an
unregistered account with $900,000 deposits from his U.S. bank over
30 transactions. And finally, he was attempting to smuggle almost
$1 million from Mexico in amounts below $10,000, in order to avoid
the currency reporting requirements
More Economic Restructuring
Planned In Venezuela
Venezuela is dealing with inflation
of more than 1,000,000% per year. President Nicolas Maduro
announced a series of drastic economic reforms, including a
cryptocurrency pegged currency. The government will devalue to
Venezuelan bolivar by 95%, and peg it to the government's
oil-linked cryptocurrency - PetroDollar (XPD). The currency
exchange rate of 250,000 bolivars per US dollar will increase to
around 6 million “sovereign petros.” XPD is valued by the
Venezuelan government at around $60, or 3,600 sovereign bolivars.
Then, to make things even more convoluted, the new sovereign dollar
will also be re-denominated by removing almost five zeros the unit
measurement. And for the kicker, President Maduro also announced a
3,000% increase to the minimum wage - an equivalent of $30 per
month.
Top 5
Gainers
OptiToken (OPTI) +89.45% at
$0.093131
Namecoin (NMC) +59.79% at
$1.86
B2BX (B2B) +47.54% at
$0.188707
PKG Token (PKG) +41.20% at
$0.000115
UnlimitedIP (UIP) +36.87% at
$0.005950
Top 5
Losers
NKN (TICK) -43.10% at
$0.046099
Gold Bits Coin (GBC) -27.22% at
$0.419220
BrokerNekoNetwork (BNN) -26.29% at
$0.000050
NANJCoin (NANJ) -25.86% at
$0.000984
SmartShare (SSP) -24.00% at
$0.000799
New Coins
Listed
Bitboost (BBT) listed to
Cryptopia
Zcoin (XZC) listed to Huobi
Global
Storiqa (STQ) listed to
Tokenomy
Ripple (XRP) added as USD pair on
Bittrex
By: BGN Editorial Staff
News:
Bitcoin
(BTC)
Ethereum
(ETH)
Veritaseum
(VERI)
Tezos (XTZ)
Cryptocurrencies
Blockchain
OptiToken
(OPTI)
Namecoin
(NMC)
B2BX (B2B)
PKG Token
(PKG)
UnlimitedIP
(UIP)
NKN (NKN)
Gold Bits Coin
(GBC)
BrokerNekoNetwork
(BNN)
Nanjcoin
(NANJ)
SmartShare
(SSP)
