General Market
Outlook
The market is continuing a strong
uptrend from yesterday. Bitcoin price is sitting at $7,370
representing a loss of 1% in the last 24 hours. Ethereum price is
sitting at $555 representing a loss of 0.7% in the last 24 hours.
Several of the top 100 coins are up over 10%. The overall
cryptocurrency market cap gained almost $12 million in the past 24
hours, moving from $321 billion to $332 billion. Tomorrow is the
first day of June, a month that historically has shown yearly highs
for almost the entire cryptocurrency market.
Major
Headlines
Ripple CEO says BTC
influence will end soon
CNBC’s “Power Launch” interviewed
the CEO of Ripple, Brad Garlinghouse. The show focuses on breaking
news, “up-to-the-instant” stock updates and all important
information regarding the economy, the markets, real estate, media
and technology. The topic was BTC vs. XRP, and their relationship
to the cryptocurrency market as a whole. Traditionally, all
altcoins have basically followed BTC. This is because the primary
entry to purchasing any other coin had always been BTC. However,
this is beginning to change, and the technology is developing a
huge new scope. Companies like Consensys are focused on building
platforms on the Ethereum platform. ETH can be purchased directly
with fiat in most countries. XRP has been performing very poorly
this year.
Tradeshift gets $250
million boost to develop blockchain
Tradeshift is a cloud-based supply
chain company, founded in Copenhagen in 2010. Yesterday the company
completed a Series E round of funding, with Goldman Sachs among its
major contributors. It totalled $250 million, more than doubling
their investment total to over $400 million. They identified key
areas for growth in blockchain and artificial intelligence, which
it will pursue with its existing Frontiers innovation lab that was
launched in January this year. CEO and co-founder Christian Lanng:
“This investment will enable us to continue our rapid growth and
consolidate our leadership position. We welcome Goldman Sachs and
PSP Investments as our newest investors and look forward to their
valuable contributions as we enter our next growth
phase.”
Largest Polish exchange
BitBay moves to Malta
The Polish government is no longer
cooperative with cryptocurrency exchanges, and so the country’s
largest one, BitBay will become the 3rd exchange this year to move
to Malta. The Maltese government has been extremely welcoming to
cryptocurrencies, even encouraging to new business developments
using blockchain technology and the currencies. The other two
exchanges to relocate were Binance and OKEX. After May 31, the
Polish language will no longer be an option for user accounts
however the functions of the exchange will be active. After
September 17, users will only be able to withdraw funds and no
longer exchange their cryptocurrencies. Once operations are good to
go in Malta, the exchange will restart as if new, but the domain
name and trademark will stay the same.
Top 5
Gainers
Titanium Blockchain (BAR) +196.09%
at $0.007460
Arbitracoin (ATC) +136.63% at
$0.030229
Authorship (ATS) +118.96% at
$0.012031
Storiqa (STQ) +81.60% at
$0.015227
Kubera Coin (KBR) +75.21% at
$0.005391
Top 5
Losers
Bastonet (BSN) -48.04% at
$0.000076
ExchangeN (EXN) -35.27% at
$0.007557
Titanium Bar (TBAR) -35.01% at
$0.024305
Linker Coin (LNC) -32.76% at
$0.052145
Indicoin (INDI) -32.06% at
$0.028717
New Coins
Listed
BABB (BAX) listed to
KuCoin
DADI (DADI) listed to
Ethfinex
Lympo (LYM) listed to
Ethfinex
UTRUST (UTK) listed to
Ethfinex
Blockv (VEE) listed to
Ethfinex
By: BGN Editorial Staff
News:
Bitcoin
(BTC)
Ethereum
(ETH)
Ripple
(XRP)
Blockchain
Cryptocurrency
Exchange
Bitbay
(BAY)
Titanium Blockchain
(BAR)
Arbitracoin
(ATC)
Authorship
(ATS)
Storiqa
(STQ)
Kubera Coin
(KBR)
Bastonet
(BSN)
ExchangeN
(EXN)
Titanium BAR
(TBAR)
Linker Coin
(LNC)
Indicoin
(INDI)
BABB (BAX)
DADI (DADI)
Lympo (LYM)
UTRUST
(UTK)
Blockv
(VEE)
Cryptocurrencies
