Crypto Market Update (14 September 2018)

Bitcoin Global News (BGN)

September 14, 2018 -- ADVFN Crypto NewsWire
 

General Market Outlook

The market is consolidating now after coming out of a strong downtrend. Coins are split between positive and negative gains over the past 24 hours highlighting that the market cap overall rose, but dropped back to just about the same total it was yesterday - $200 billion. Trading volume has remained at $13 billion or more in 24 hours. RChain (RHOC) and Aurora (AOA) are the major stand outs of the top 100 coins by market cap - up over 29% and 21% respectively in the past 24 hours. Bitcoin (BTC) is right around  $6,500 for basically no change and a total market dominance of about 55.9%, and Ethereum (ETH) is right at $210 for +2.5% change in the past 24 hours.

 

Major Headlines

 

State In U.S. Developing Blockchain Identity System

One city in the U.S. state of Ohio has been researching and developing the viability of using blockchain technology for identity verification, and in turn, voting accessibility. The city, Dublin published a request for proposal (RFP) document last month outlining the pilot program to experiment with the technology. Because of the highly unknown nature of the technology, the city notes that the budget will be determined as the experiment moves forward. The first step involves developing a database allowing local officials to create a secure, private system for personal information and preferences. This will also involve what the outline calls a "token of value." In the first use case example, the system would enable registered users to submit votes on the network with the added feature of visibility of vote totals.

 

Ethereum Dapp Version Of Google Maps

A new dapp called FOAM has just launched with their full, live version. The application hopes to be the most reliable, resilient world map available to the public. It uses smart contract technology on the ethereum blockchain to provide user incentives and more added features than something like Google Maps. FOAM co-founder and CEO Ryan John King makes sure to note the importance of the project - "people think location is a solved problem." GPS is a centralized mapping services that is owned by the U.S. government and operated by the Air Force. FOAM spreads the cartography across its network of users. Locations can be registered on the FOAM map using a cryptographic technique called “proof of location.” Incentive comes by populating the map with new locations through the use of the platform’s token, “FOAM,” which also act as a quality-control mechanism. Users can challenge and vote on the accuracy of newly registered locations.

 

BitGo Becomes Legal Cryptocurrency Custodian

The active cryptocurrency security startup called BitGo has been confirmed as a qualified custodian for digital assets. The BitGo Trust had been approved only by the U.S. state of South Dakota through their Division of Banking. This allows their organization to provide institutional clients regulated storage for digital assets. They offer both hot and cold wallets, or a combination of both. The company hopes that with this initial approval, more state regulators will follow suite to approve their services.

 

Top 5 Gainers

Havy (HAVY) +79.06% at $0.000041

FUTURAX (FTXT) +66.68% at $0.000390

BaaSid (BAAS) +50.22% at $0.003505

PKG Token (PKG) +36.51% at $0.000051

OneRoot Network (RNT) +34.01% at $0.112243

 

Top 5 Losers

HarmonyCoin (HMC) -82.78% at $0.000520

eosBLACK (BLACK) -75.62% at $0.047940

ABLE (ABLX) -61.71% at $0.001214

Mindexcoin (MIC) -51.56% at $0.292517

Gold Bits Coin (GBC) -46.54% at $0.152226

 

New Coins Listed

WePower (WPR) listed to Yobit

XYOracle (XYO) listed to Yobit

Bluezelle (BLZ) listed to Yobit

Primas Token (PST) listed to Yobit

EnjiCoin (ENJ) listed to Yobit

 

 

 

By: BGN Editorial Staff







 

 

News:

Bitcoin (BTC)

Ethereum (ETH)

RChain (RHOC)

Aurora (AOA)

Blockchain

BitGO

Havy (HAVY)

FUTURAX (FTXT)

BaaSid (BAAS)

PKG Token (PKG)

OneRoot Network (RNT)

HarmonyCoin (HMC)

eosBLACK (BLACK)

ABLE (ABLX)

Mindexcoin (MIC)

Gold Bits Coin (GBC)