Crypto Market Update (05 November 2018)

Bitcoin Global News (BGN)

November 05, 2018 -- ADVFN Crypto NewsWire
 

General Market Outlook

The market continues to make upward movement. Nearly all coins are in the green and trading volume has been substantially higher than last week, now between $13 billion and $14 billion in 24 hours. Mixin (XIN) and Basic Attention Token (BAT) are the major stand outs of the top 100 coins by market cap - up over 10% and 7% respectively in the past 24 hours. The value of Bitcoin (BTC) is nearly/just over/roughly/right at $6,450 for +2% and a total market dominance of about 52.6%, and the value of Ethereum (ETH) is nearly/just over/roughly/right at $210 for +2?% change in the past 24 hours. Market cap for the overall cryptocurrency market steadily gained over $3 billion, rising to $212 billion total.

 

Major Headlines

 

SEC Makes Promises at Fintech Conference

The director of corporate finance within the U.S. Securities and Exchange Commission (SEC) spoke at the Washington D.C. Fintech week conference on upcoming regulatory changes. He noted that the SEC plans to clarify securities classification guidelines for cryptocurrencies soon, and that further, they will be in  "plain English." They hope that the new guidelines will help developers determine whether ICO may be classified as a security or not without needing assistance from the SEC itself: "Once you determine whether you have a security, we're going to have in that guidance, 'how do I go about registering' and 'how do I go about doing an exempt offering.’”

 

IBM’s Newest Patent Application

Augmented reality is an entirely new field for established norms to adjust to. IBM is now taking steps to draw the lines between the interactions of augmented reality and physical reality. The patent describes a method to keep game players from intruding on undesirable locations. It uses a blockchain-based method and system of interactions between a AR-running mobile device and locational database. A blockchain ledger is perfect to maintain rules that should not be changed, and in this case is used for a growing list of data records protected from forgery and alterations.

 

Coinbase Adds Another Coin

Now available on the professional trading platform of Coinbase, Basic Attention Token was given a major boost. As the native token for the Brave browser BAT facilitates the peer-to-peer system of payment for reducing advertisements and increasing recognition for user created content on the internet. Coinbase announced Friday that it would begin accepting BAT. In less than five minutes following the announcement, BAT rose nearly 30%. As with other token additions, it will be added in four stages to ensure liquidity: transfer-only, post-only, limit-only, and finally, full trading.

 

Top 5 Gainers

Mark.Space (MRK) +127.05% at $0.019680

CrypticCoin (CRYP) +76.83% at $0.004166

Joint Ventures (JOINT) +64.90% at $0.002955

IXTUS Edutainment (IXE) +62.92% at $0.022411

StarCoin (KST) +48.01% at $0.012403

 

Top 5 Losers

RusGas (RGS) -39.40% at $0.000006

Provoco Token (VOCO) -28.17% at $0.076744

Global Currency Reserve (GCR) -27.87% at $0.076865

EvenCoin (EVN) -24.68% at $0.044031

Cashcoin (CASH) -23.69% at $0.002966

 

New Coins Listed

Rotharium (RTH) listed to Cryptopia

Callisto Network (CLO) listed to IDAX

GXChain (GXS) listed to Indodax

Odyssey (OCN) listed to ZBG

 

By: BGN Editorial Staff