General Market Outlook

The market has made another downturn with early all coins are in the red again. Trading volume has jumped by nearly 50%, rising from $17 billion to $23 billion in 24 hours. Nasdacoin (NSD) is the major stand outs of the top 100 coins by market cap - up over 283% in the past 24 hours. The value of Bitcoin (BTC) is roughly at $5,600 for -5.0% and a total market dominance of about 52.8%, and the value of Ethereum (ETH) is nearly $180 for -3.5% change in the past 24 hours. Market cap for the overall cryptocurrency market declined by nearly $4 billion, falling to short of $188 billion total.

Major Headlines

Bank of America Cryptocurrency Deposit Patent

A patent well over four years old, has finally been confirmed by the U.S. Patent and Trademark Office to Bank of America involving cryptocurrency transactions. The patent describes the potential importance of processing cryptocurrency transactions for enterprise customers, meaning bank accounts for individuals would still have no interaction directly with cryptocurrencies. In one outlined situation, the enterprise account itself would be able to conduct transactions on customers’ behalf, debiting or crediting the customer accounts in question as appropriate. Further, it includes the structural methods for storing private keys associated with customers’ accounts, determining public keys, and generating “vault keys” for storage. Most importantly the system includes another method for instant crypto-fiat conversions.

EXMO To Be Acquired

A publicly traded Canadian holding firm called GoverMedia Plus Canada will likely acquire the U.K.-based crypto exchange EXMO. The company specializes in backend software development. They have recently signed a Letter of Intent which gives GoverMedia the exclusive rights to negotiate a transaction within the next 180 days. With completion of the transaction the new entity would continue to be publicly traded, indirectly putting a cryptocurrency exchange onto a public stock exchange.

Blockchain Coming To A U.S. Restaurant Chain

Sweetgreen just began a fundraising round where they hope to achieve a total of $200 million. The “fast-casual” style restaurant chain is just coming off the close of another funding round last month where they were able to raise $200 million.. Highlighted in their plans for expansion are blockchain technology to facilitate for efficient distribution and transaction systems. It will enable Sweetgreen to focus on technology and supply chain development where blockchain provides unparalleled transparency in food supply chains. Customer awareness is a vital portion of the Sweetgreen business model.

Top 5 Gainers

Nasdacoin (NSD) +281.51% at $4.84

GrandCoin (GDC) +70.41% at $0.000111

Repme (RPM) +60.85% at $0.000053

Atlantis Blue Digital (ABDT^) +41.45% at $0.036218

Tourist Token (TOTO) +32.53% at $0.000026

Top 5 Losers

Etheera (ETA) -98.59% at $0.000177

Bitcoin Cash SV (BCHSV) -50.83% at $91.55

RealTract (RET) -40.03% at $0.000167

PopChain (PCH) -36.65% at $0.005319

Cpollo (CPLO) -34.53% at $0.000114

New Coins Listed

Phore (PHR) listed to Ternion

OxyCoin (OXY) listed to Purecow

Enjicoin (ENJ) listed to Ethfinex

Vetri (VLD) listed to Ethfinex

Qredit (XQR) listed to Bitker

By: BGN Editorial Staff