General Market Outlook

The market continues to climb with most top 100 coins in the green, and many with 5% or more gains in the past 24 hours. Trading volume has been between $13 and $15 billion. TenX (PAY) has risen again, up over +21% and Power Ledger (POWR) at +18% are the major stand outs of the top 100 coins in the past 24 hours. Bitcoin is right around $6,800 for about +2% change and Ethereum is right at $475 for roughly no change in the past 24 hours. Market cap for the overall cryptocurrency market is up about $4 billion to $272 billion total.

Major Headlines

MLB Launching Blockchain Collectables

The Major League Baseball organization will be utilizing blockchain to expand its fanbase. They announced Friday that it has partnered with Lucid Sight, a blockchain startup based in Los Angeles. The company is developing a game to allow baseball fans to interact with their favorite moments in baseball. The dApp game is being build on the on the ethereum network, is planned to launch later this summer. The game, called MLB Crypto Baseball, will function similarly to CryptoKitties. According to MLB executive vice president of gaming and new business ventures Kenny Gersh, the way that cat breeding game attracted a new market of users directly influenced the MLB’s new game launch. In order to play, users must purchase ETH and transfer it to MetaMask, which of the most popular and easy to use ethereum browser wallets.

Tether Appoints New CCO

Leonardo Real will head up Tether’s push to clean up their reputation. The USD-pegged cryptocurrency has consistently taken flack for uncertain business practices and even being accused of directly inflating the price of Bitcoin. Leonardo Real was the AML Quality Control Manager at the Bank of Montreal, but has officially accepted the position with Tether as Chief Compliance Officer (CCO). He is self-proclaimed longtime advocate of blockchain technology, and hopes to bring his passion for the industry to help Tether showcase a commitment to transparency and regulatory compliance. In August of 2016 Real organized a cryptocurrency, blockchain, and anti-money-laundering workshop in Toronto. The conference addressed the role of bankers, company regulators, and law enforcement agencies in the blockchain industry.

Task Force for Digital Currency Fraud Established

U.S. Department of Justice (DOJ) was given an executive order by President Trump to establishing a “Task Force on Market Integrity and Consumer Fraud.” This new group will replace the “Financial Fraud Enforcement Task Force” established under the Obama Administration. They will “provide guidance for the investigation and prosecution of cases involving fraud on the government, the financial markets, and consumers, including cyber-fraud ...securities and commodities fraud, as well as other corporate fraud, with particular attention to fraud affecting the general public; digital currency fraud; money laundering, including the recovery of proceeds; health care fraud; tax fraud; and other financial crimes.”

Top 5 Gainers

ToaCoin (TOA) +263.78% at $0.004435

Paragon (PRG) +45.37% at $0.109497

Bitcoin Green (BITG) +41.59% at $2.53

SolarCoin (SLR) +40.99% at $0.191449

Crown Machine (CMCT) +38.98% at $0.039278

Top 5 Losers

TraDove B2BCoin (BBC) -62.61% at $0.020691

Super Bitcoin (SBTC) -46.05% at $8.76

Sumokoin (SUMO) -33.57% at $0.642792

ContractNet (CNET) -26.45% at $0.136556

RealChain (RCT) -21.68% at $0.049070

New Coins Listed

Vitae (VITAE) listed to Cryptopia

Graft (GRFT) listed to Cryptopia

Komodo (KMD) listed to NetCoins

*This includes purchases 21,000 Physical Locations On 3 Continents

By: BGN Editorial Staff





 

News:

Bitcoin (BTC)

Ethereum (ETH)

Power Ledger (POWR)

TenX (PAY)

Cryptocurrencies

Blockchain

Tether (USDT)

ToaCoin (TOA)

Paragon (PRG)

Bitcoin Green (BITG)

SolarCoin (SLR)

Crown Machine (CMCT)

TraDove B2BCoin (BBC)

Super Bitcoin (SBTC)

Sumokoin (SUMO)

ContractNet (CNET)

RealChain (RCT)