General Market
Outlook
Buy Markets Percentage is
nearing all time
highs, and the overall market sentiment is very
positive. Highs are very high on Altcoins, and the lows of today
are infrequency and modest. There are some negative things
happening in headlines, but the momentum of positive change and
adoption by governments and major financial institutions is pushing
the market forward. Historically May has been the month when Alt
coins really begin to take off, and it looks like this could be
happening again.
Major
Headlines
IOTA Released World’s First
Smart Charging Station
The device was revealed in Arnhe,
Netherlands this week. There is nothing especially unique to the
charging station other than that is programmed with smart contracts
through the IOTA token. It is an important step
in the functionality of a futuristic, electric, self-driving grid.
These autonomous vehicles will need to operate their own “wallets,”
to track users’ fees and their own driving statistics. The charging
station is not compatible with other cryptocurrencies.
Major Texas Investment Firm to
Host Blockchain Conference
TEN Capital
Group announced their annual technology conference
will have blockchain technology at the heart in 2018. Emerge ICO
Summit will take place this October in Austin,
Texas bringing together blockchain solution companies with
investors and business tools. It will focus on blockchain
solutions projects seeking funding. If you are a speaker, sponsor
or company looking to join the event, complete the short online
form.
Huobi Setting up shop in NYC,
SF and London
Huobi is one of the most
well-established cryptocurrency exchange platforms. They were
founded in Singapore, but established a headquarters in China.
Exchanges need to develop working relationships with local
government as regulations take shape – they are essentially
crypto-banks. Huobi is currently building offices in New York and
San Francisco as part of their global
expansion. They recently sited London as the next stop,
highlighting that their statistics show it to be the most active
cryptocurrency trading hub in the EU.
Top 5
Gainers
XinFin Network (XDCE) +142.00% at
$0.010514
GPU Coin (GPU) +%128.22 at
$0.033652
Propy (PRO) +107.28% at
$2.56
Switcheo (SWH) +102.18% at
$0.064004
Hi Mutual Society
(HMC) +86.76% at $0.040045
Top 5
Losers
WCOIN (WIN) -27.32% at
$0.079495
Octoin Coin
(OCC) -417.55% at $2.58
Playkey (PKT) -16.75% at
$0.596990
Universal Currency (UNIT) -16.66% at
$0.0491578
Guaranteed Ethurance Token
(GETX) -16.08% at $0.027085
New Coins
Listed
Ivykoin (IVY) listed to
IDEX
Fidelium (FID) listed to
IDEX
Lendingblock (LND) listed to
IDEX
Morpheus Labs (MITx) listed to
IDEX
Origami Network (ORI) listed to
IDEX
Propy (PRO) listed to
Bittrex
Fire Lotto (FLOT) listed to
YoBit
Monetize Coin (MNZ) listed to
YoBit
BY: BGN Editorial Staff
