Crypto Market Update (14 August 2018)

Name	Symbol	Market	Market Cap ($)	Algorithm
Gitcoin	GTCUSD	Crypto	52,768,543	Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.012	1.40%	0.867	0.863	0.868

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.920	0.840	0.855	0.855	0.520000 - 3.10

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	06:36:50	28.64	0.860	USD

Price x Volume	Volume	Base Symbol	Related Pairs
416,113.26	481,914.42	GTC	GTCEUR	GTCGBP	GTCBTC

Bitcoin Global News (BGN)

August 14, 2018 -- ADVFN Crypto NewsWire

General Market Outlook

The market continues a widespread downturn, but trading volume has made a reversal, up $4 billion from a low of $12 billion in 24 hours. There are no major stand outs of the top 100 coins by market cap in the past 24 hours. Bitcoin (BTC) is right around $6,050 for -5% and a total market dominance of about 54.2%, and Ethereum (ETH) is down significantly to $260 for -16% change in the past 24 hours. Market cap for the overall cryptocurrency market hit a low of $190 billion, but has recovered to $197 billion recently.

Major Headlines

DISH Network Service Now Accepts BTC and BCH

Bitpay has signed on DISH Network to their payment processing system. DISH has accepted Bitcoin payments since 2014, but through Bitpay bills can also be paid with Bitcoin Cash. Executives at DISH site the benefits of cryptocurrency payments over credit card in that they reduce the risk of fraud or identity theft, as well as offer reduce payment fees to the service provider. These are similar remarks to the CEO of Overstock.com, who has been outspoken in support of cryptocurrency adoption, noting they create a cheaper, smoother transaction, similar to cash.

Everpedia - Blockchain Encyclopedia Launch

The first implementation of Everpedia is now live on the EOS blockchain network. The platform works similarly to Wikipedia, but with the incentive of an associated token (IQ). Tokens are dispersed for curating and editing articles. They entitle the holder to governance and voting rights within the network. The second main differentiator from Wikipedia comes from the inherent benefits of blockchain technology. Articles stored using a decentralized blockchain create database of information that is essentially un-censorable.

Potential Australian Cryptocurrency Bank

Co-founder of hit comparison site, Finder is looking to innovate in the space between cryptocurrency and traditional finances. 26-year-old Fred Schebesta wants to partner with an existing financial institution to create Australia’s first cryptocurrency bank. Schebesta already has a significant personal holding in West Australian bank Goldfields Money, and believes Bitcoin is here to stay, citing that it has been a “bubble” several times, dropping 90% over the course of a year. “People are going to [need] certain services [like] custodianship, cold storage, escrow, exchange and spending. And then lending — lending is what makes the fiat economy [government-backed currency] work, and once lending really cranks up in crypto, that’s the thing that will basically take this to a whole other level.”

Top 5 Gainers

Saifu (SFU) +27.36% at $0.089415

United Bitcoin (UBTC) +23.76% at $4.16

Bitcoin File (BIFI) +21.47% at $0.010640

Aston (ATX) +20.11% at $0.024356

Transcodium (TNS) +15.73% at $2.41

Top 5 Losers

Peercoin (PPC) -56.83% at $1.01

Melon (MLN) -55.71% at $5.22

ACE (ACE) -43.89% at $0.036886

CarBlock (TICK) -43.88% at $0.003931

Game.com (GTC) -42.53% at $0.024019