General Market Outlook
After a very sharp drop, the market is making its way back up
again in terms of major coins and most Altcoins again. Nearly all
coins in the top 100 are in the green. EOS continues to hold
positive gains despite the downturn, which could mean an even
greater rise through the weekend.
Mithril (MITH) has gained tons of
attention lately in wake of the Facebook data controversy. It is a
social media platform that allows users to be rewarded for their
content via the MTH token. It currently sits at up over 50% in the
past 24 hours.
Major Headlines
Arizona Passes Bill To Allow Taxes Paid with
Bitcoin
Use of cryptocurrencies is held only to income tax, but it still
a major shift in public appearance. The bill states: “ A taxpayer
may pay their income tax liability using a payment gateway, such as
Bitcoin, Litecoin or any other cryptocurrency recognized by the
department, using electronic peer-to-peer systems. The department
shall convert cryptocurrency payments to United States dollars at
the prevailing rate after receipt and shall credit the taxpayers
account with the converted dollar amount actually received…” It’s
important to note that there is no determination on when the
conversion will actually happen, or how the exchange is being made.
The tax payer is liable for the fees, and the difference if the
currency is held until the price is below the USD amount
needed.
Block Terminal (Institution Grade
Exchange)
The highly anticipated trading platform tailored met the needs
of institutional investors and all regulatory issues will be
released soon. The
project features one major distinguishing factor
that brings assurance of the highest security and legal compliance.
It is designed with a hybrid ledger that keeps both a public, and
permissioned blockchain. It is built on the Ethereum Blockchain,
and uses and ERC20 token (BCT) to facilitate features that make
providing information to auditors or regulators simple.
“Our consumers are institutional traders – either existing asset
managers – or crypto hedge fund managers who need better controls
and order trails.” – CEO Bob Bonomo
Decentralized Crypto Market Intelligence
Platform
Innovation is still in the works for the retail
investor. Mosaic will soon launch an
information platform that synthesizes data on cryptocurrency
markets from over 60 sources. It will also function as a social
platform, allowing community discussions, as well a portfolio
management device. The
founders of the project hold serious incite.
Alex Bradford - Research Analyst at SAC Capital Advisors ($14B
hedge fund) and investment-banking Analyst at Goldman Sachs.
Gerrick Hileman - PhD from the London School of Economics,
researcher at the University of Cambridge, teaches classes on
cryptocurrencies and distributed leader technologies.
Top 5 Gainers
Daneel (DAN) +129.21% at $0.158204
Monero Original (XMO) +103.67% at
$103.67
CryptoCarbon (CCRB) +91.34% at
$0.341307
Monero Classic (XMC) +90.22% at
$024.10
ODEM (ODE) +69.80% at
$24.10
Top 5 Losers
Earth Token (EARTH) -28.02% at
$0.023353
HollyWoodCoin (HWC) -20.09% at $2.46
Haven Protocol (XHV) -17.70% at $4.73
AMLT Token (AMLT) -15.42% at
$0.043720
CommerceBlock (CBT) -14.51% at
$0.062413
New Coins Listed
BitShares (BTS)
listed to RightBTC
OmiseGO (OMG)
listed to Zebpay
Blocktx (TIX)
listed to ChainEX
By: BGN Editorial Staff