General Market Outlook

The market has made began a significant uptrend over the weekend. Nearly all coins are in the positive since Friday, with most still in seeing positive gains over the past 24 hours. Trading volume has surged from roughly $17 billion to almost $21 billion in 24 hours. Huboi Token (HT) and Komodo (KMD) are the major stand outs of the top 100 coins by market cap - up over 11% and 8% respectively in the past 24 hours. The value of Bitcoin (BTC) is now trending at $3,6650 for no real change in the past 24 hours, and a total market dominance of 52.9%, and the value of Ethereum (ETH) is just over $120 for +2.0?% change in the past 24 hours. Market cap for the overall cryptocurrency market made no significant change in the past 24 hours, but has gained over $10 billion since Friday, now trending at $121 billion total.

Major Headlines

Highschool Students Win Barclays Hackathon

A team of students from Bedford School in the U.K. took third place in a competition focused on blockchain interoperability. The Hackathon was hosted by Clearmatics, through the fintech hub in London - Barclays Rise. Clearmatics was the original developer of the Utility Settlement Coin banking consortium. The competition was based on a challenge created by Clearmatics to use their Ion interoperability protocol to smoothly exchange data between two blockchains - such as widely used networks like Hyperledger Fabric and the Ethereum public network. The competition included teams of developers from companies such as Santander, Barclays, Web3j and Adhara. The team of students that took 3rd place in the competition apparently had no previous knowledge of blockchain technology.

Public Transport For Bitcoin In Argentina

The Argentinian state public transport card SUBE (Sistema Único de Boleto Electrónico) will now accept payments in Bitcoin. The process for purchasing rides through the card is via the platform Alto Viaje. The company partnered with Bitex to provide blockchain-driven financial services to their business. Users can access the Bitcoin payment portal through Alto Viaje’s website. The SUBE system is used by over seven million people in 37 locations in Argentina. Previously they experimented payment systems with PayPal and Rapipago. The country hopes that more access to Bitcoin payments could increase the number of tourists that visit the country each year.

Blockchain On Deck For 7th World Government Summit

Over the past decade, the UAE has emerged as one of the more blockchain technology friendly countries. For this year’s World Government Summit, representatives from the country will discuss the development of blockchain and digital assets in their country’s economy. There will be two closed sessions devoted to global financial trends. Topics included will be the development of blockchain and digital currencies and building a feasible economic environment around the two technologies. Participants will of the conference will also discuss the development of Small and Medium Enterprises (SMEs), and the governance of digital assets as well. Perhaps most importantly, there will be an open session with the International Monetary Fund (IMF) to debate what impact the technology could have on development funds.

Top 5 Gainers

OFCOIN (OF) +47.08% at $0.000260

Twinkle (TKT) +43.93% at $0.003834

Uquid Coin (UQC) +35.65% at $0.095976

Bitcore (BTX) +34.84% at $0.274289

Solve (SOLVE) +30.07% at $0.018342

Top 5 Losers

Bitcoiin (B2G) -49.31% at $0.216156

DWS (DWS) -25.75% at $0.003189

Spendcoin (SPND) -22.76% at $0.305709

ATC Coin (ATCC) -22.53% at $0.017486

Spindle (SPD) -22.45% at $0.000543

New Coins Listed

No New Coins Listed Today

By: BGN Editorial Staff