General Market Outlook

The market continues to re-balance after a major uptrend last week. The top 100 coins are just about split between up or down by 1% to 4%, but trading volume has been steadily increasing over the past 24 hours, up to almost $15 Billion. Holo (HOT) is by far the highlight in the past 24 hours - up over 56%. Bitcoin (BTC) is right around  $7,700 For +3% and a total market dominance of about 46.2%, and Ethereum (ETH) is right at $465 for -1% change in the past 24 hours. Market cap for the overall cryptocurrency market is up just about $2 billion to $288 billion total.

Major Headlines

Mastercard Global Network Failure

A worldwide network issue interrupted Mastercard payment processing, including functionality for international banks. This gave cryptocurrency users a chance to highlight P2P reliability on social media. One tweet basically sums up the entire argument: “Bitcoin has never had a service interruption.” There have been times of high fees and slow transactions, but in the end, the network has never completely stopped. It will always remain decentralized and community based, as opposed to one private company controlling whether or not users can spend their own money. Network upgrades like the Lightning Network and Raiden for Ethereum are fighting through the scaling issues that causes slower transactions and higher fees.

Fortune’s “40 Under 40” Highlights Cryptocurrency and Blockchain

The list highlights just about every type of creator or influencer, seven total are involved in cryptocurrencies or blockchain technology. At #20 CEO of Coinbase, Brian Armstrong represents, literally, the gateway to the cryptocurrency space in America and many other countries as well. Vitalik Buterin is #22, highlighting the other side of the coin (ha-ha), he is developer, decentralized and no B.S. hyper-focused. The two people behind Walmart’s totally revamped e-commerce business tag-team #13. The founders of the now crypto-friendly exchange platform Robinhood tag-team #24. CEO of Telegram (remember the $1.7B ICO?) Pavel Durov sits at #25.

$1.5 Billion To Blockchain Projects In Nanjing City

A city in China will be home to the first Industrial Public Chain Summit (IPCS), fueled by government and blockchain partnerships of $10 billion yen ($1.5B USD). It wasn’t even a year ago that the Chinese government actually banned all ICOs completely. But then in May, the China Electronic Information Industry Development (CCID) released a list ranking blockchain projects, expressing that the country is taking the technology very seriously. Last month they released an update to their rankings. The Zhongguancun Blockchain Industry Alliance is working with officials in Nanjing City to use funding in part to actually move selected companies to the city. The first two are reportedly, UDAP Foundation and TokenX Community

Top 5 Gainers

adToken (ADT) +181.08% at $0.043075

Rhenium (XRH) +109.89% at $0.025030

Holo (HOT) +56.87% at $0.000917

DNotes (NOTE) +49.10% at $0.104843

AdEx (ADX) +35.35% at $0.524812

Top 5 Losers

Bitcoin Diamond (BCD) -41.78% at $2.20

CommerceBlock (CBT) -32.19% at $0.016824

ValueChain (VLC) -31.97% at $0.023178

Cashcoin (CASH) -29.73% at $0.007796

Qbao (QBT) -21.21% at $0.121946

New Coins Listed

Cardano (ADA) listed to OKEX

Blockpass (PASS) listed to Cryptopia

Komodo (KMD) listed to Prism (ShapeShift.io)

By: BGN Editorial Staff


 

News:

Bitcoin (BTC)

Ethereum (ETH)

Holo (HOT)

Blockchain

Cryptocurrencies

AdToken (ADT)

Rhenium (XRH)

DNotes (NOTE)

Bitcoin Diamond (BCD)

CommerceBlock (CBT)

ValueChain (VLC)

Cashcoin (CASH)

Qbao (QBT)