Crypto Market Update (07 November 2018)

Bitcoin Global News (BGN)

November 07, 2018 -- ADVFN Crypto NewsWire
 

General Market Outlook

The market has more steady gains in the past 24 hours with nearly all coins are in the green and trading volume has wavering right between $15 billion and $16 billion in 24 hours. Basic Attention Coin (BAT) and Loopring (LRC) are the major stand outs of the top 100 coins by market cap - up over 9% and 6% respectively in the past 24 hours. The value of Bitcoin (BTC) is roughly $6,550 for +1.5% and a total market dominance of 51.7%, and the value of Ethereum (ETH) is nearly $220 for +2?% change in the past 24 hours. Market cap for the overall cryptocurrency market gained over $3 billion, rising to almost $220 billion total.

 

Major Headlines

 

$125 Million Stellar Giveaway

One of the oldest Bitcoin wallet providers Blockchain has recently announced a new wallet. Though the company has been seemingly inactive for years, their newest release looks to implement years of consistent development. The launch will be accompanied by what they are calling the "largest crypto giveaway in history." They will airdrop $125 with of Stellar lumens (XLM) to all Blockchain wallet holders. The first drop will be within the week. The move is made to highlight their partnership with the Stellar Lumens Foundation. Blockchain CEO Peter Smith their network was chosen because it is "built for scalability" and has "an active and growing ecosystem."

 

Bitmain New Antminer

Plans were announced last month for a new version of the industry standard bitcoin miner “Antminer” from Bitmain. The company was the first to discover and utilize ASIC computers for mining cryptocurrency and has led the field ever since. But after a string of releases from competing companies, Bitmain has put their knowledge to work on a new 7 nanometer  “Antminer.” This new version uses their proprietary chip design which integrates “more than a billion transistors.” The design facilitates low power-intensive technology to optimize efficiency.

 

15 Global Banks Testing Blockchain

The Depository Trust & Clearing Corporation (DTCC) has been working on a blockchain platform for major financial institutions to increase efficiency in credit derivative transactions - an $11 trillion dollar industry. Now nearly complete, the group has signed on 15 banks to engage a testing phase before the service can go live. The only bank explicitly named for piloting the Trade Information Warehouse (TIW) was U.K.-based Barclays. They will be integrating other key financial infrastructures like IHS Markit's new TradeServ platform, which is designed for foreign exchange options and re-architectured credit matching and confirmations. They hope to able to launch the final edition of TIW by early 2019. The warehouse's customer base is composed of more than 2,500 buy-side firms and other market participants in over 70 countries.

 

Top 5 Gainers

ThingsOperatingSystem (TOS) +46.80% at $0.013532

Soma (SCT) +45.53% at $0.093705

Wings (WINGS) +45.25% at $0.233609

LOCIcoin (LOCI) +28.34% at $0.026304

SIRIN LABS Token (SRN) +27.84% at $0.174087

 

Top 5 Losers

RusGas (RGS) -38.35% at $0.000002

Linkey (LKY) -29.77% at $0.466179

Rotharium (RTH) -29.60% at $4.31

Midexcoin (MIC) -27.06% at $0.052772

Birake (BIR) -24.22% at $0.078817

 

New Coins Listed

Auxilium (AUX) listed to EscoDEX

NIX Platform (NIX) listed to Cryptopia

FarmTrust (FTT) listed to Coinbene

Etthera (ETA) listed to Bitker

 

 

By: BGN Editorial Staff