General Market Outlook

After a very sharp drop, the market is making its way back up again in terms of major coins and most Altcoins again. Nearly all coins in the top 100 are in the green. EOS continues to hold positive gains despite the downturn, which could mean an even greater rise through the weekend.

Mithril (MITH) has gained tons of attention lately in wake of the Facebook data controversy. It is a social media platform that allows users to be rewarded for their content via the MTH token. It currently sits at up over 50% in the past 24 hours.

Major Headlines
 

Arizona Passes Bill To Allow Taxes Paid with Bitcoin

Use of cryptocurrencies is held only to income tax, but it still a major shift in public appearance. The bill states: “ A taxpayer may pay their income tax liability using a payment gateway, such as Bitcoin, Litecoin or any other cryptocurrency recognized by the department, using electronic peer-to-peer systems. The department shall convert cryptocurrency payments to United States dollars at the prevailing rate after receipt and shall credit the taxpayers account with the converted dollar amount actually received…” It’s important to note that there is no determination on when the conversion will actually happen, or how the exchange is being made. The tax payer is liable for the fees, and the difference if the currency is held until the price is below the USD amount needed.

Block Terminal (Institution Grade Exchange) 

The highly anticipated trading platform tailored met the needs of institutional investors and all regulatory issues will be released soon. The project features one major distinguishing factor that brings assurance of the highest security and legal compliance. It is designed with a hybrid ledger that keeps both a public, and permissioned blockchain. It is built on the Ethereum Blockchain, and uses and ERC20 token (BCT) to facilitate features that make providing information to auditors or regulators simple.

“Our consumers are institutional traders – either existing asset managers – or crypto hedge fund managers who need better controls and order trails.” – CEO Bob Bonomo

Decentralized Crypto Market Intelligence Platform 

Innovation is still in the works for the retail investor. Mosaic will soon launch an information platform that synthesizes data on cryptocurrency markets from over 60 sources. It will also function as a social platform, allowing community discussions, as well a portfolio management device. The founders of the project hold serious incite.

Alex Bradford - Research Analyst at SAC Capital Advisors ($14B hedge fund) and investment-banking Analyst at Goldman Sachs.

Gerrick Hileman - PhD from the London School of Economics, researcher at the University of Cambridge, teaches classes on cryptocurrencies and distributed leader technologies. 

Top 5 Gainers

Daneel (DAN) +129.21% at $0.158204

Monero Original (XMO)  +103.67% at $103.67

CryptoCarbon (CCRB)  +91.34% at $0.341307

Monero Classic (XMC)  +90.22% at $024.10

ODEM (ODE)  +69.80% at $24.10

Top 5 Losers

Earth Token (EARTH)  -28.02% at $0.023353

HollyWoodCoin (HWC)  -20.09% at $2.46

Haven Protocol (XHV)  -17.70% at $4.73

AMLT Token (AMLT)  -15.42% at $0.043720

CommerceBlock (CBT)  -14.51% at $0.062413

New Coins Listed

BitShares (BTS) listed to RightBTC

OmiseGO (OMG) listed to Zebpay

Blocktx (TIX) listed to ChainEX

By: BGN Editorial Staff