General Market
Outlook
The market made a small dip before
beginning a steady uptrend with most coins seeing small positive
gains, and several with large double digit growth. Trading volume
followed a similar path, but still remains lower than yesterday,
trending between $16 billion and $17 billion in 24 hours. Repo
(REPO) and Dex (DEX) are the major stand outs of the top 100 coins
by market cap - up over 61% and 30% respectively in the past 24
hours. The value of Bitcoin (BTC) is roughly $4,000 for +0.5% and a
total market dominance of 51.8%, and the value of Ethereum (ETH) is
just short of $150 for -1.5?% change in the past 24 hours. Market
cap for the overall cryptocurrency market gained almost $2 billion,
rising to $138 billion total.
Major
Headlines
Coinbase Suspends ETC
Trading
The Ethereum Classic blockchain has
endured a hack. Detail are uncertain as to how or who was
responsible, but the network’s ledger had more than 100 blocks
altered. The result was nearly 100,000 ETC tokens being “double
spent.” This means that because of inaccuracies in the blockchain,
users were able to spend ETC that had already been transacted by
someone else. Because of this, Coinbase has suspended ETC trading.
The exchange itself reported that they had detected an abnormal
hash rate in an ETC mining pool. This means that there was a great
deal of increased miners, yet the price of ETC was not rising, so
it was unlikely that the increased attention was to mine
appropriately, but instead to hack the network. The official
ethereum classic Twitter: “We are now working with Slow Mist and
many others in the crypto community. We recommend exchanges and
pool significantly increase confirmation times.”
Google Forces Samourai
Wallet Changes
Samourai Wallet has become popular
for supporting a “bitcoin-centric” approach to cryptocurrency
wallet services. The wallet does not provide a huge feature set,
but instead focuses on enhancing the use of BTC itself. This
includes anonymity features, which have been a point of contentment
for the general public use of Bitcoin. There is constant confusion
of what whether it is anonymous or not, and services such as
Samourai allow the processes to create anonymous transactions.
However, because of this, the Google Play store blocked the app
from being used. In response, Samourai has changed their service
policies to maintain their position on the website, and applied for
an exemption with Google: “Again, we are sorry for this
inconvenience, but our hands have been tied by Google. We hope to
bring these features back somehow in the future in the Google Play
Store release, and are dedicated to offering the full feature set
experience via alternative distribution methods such as direct
download and F-Droid in the coming months.”
Upcoming China Miner
Producer IPO
The second largest cryptocurrency
mining chip company is reportedly filing for an IPA in the United
States. The company is based out of China and has been working on a
fundraising campaign in the country since March of 2018. They hope
to raise as much as $1 billion dollars. The outlook is uncertain
though. In 2018 both Bitmain and Ebang’s IPO filings were
rejected.
Top 5
Gainers
Gold Poker (GPKR) +122.27% at
$0.125849
WXCOINS (WXC) +62.68% at
$2.12
Cashberry Coin (CBC) +52.73% at
$0.093043
EvenCoin (EVN) +38.74% at
$0.413044
Dex (DEX) +30.49% at
$0.192142
Top 5
Losers
WhaleCoin (WHL) -78.06% at
$0.000837
Super Bitcoin (SBTC) -36.00% at
$1.70
PlayCoin ERC20 (PLY) -35.48% at
$0.024261
PlayCoin QRC20 (PLY) -35.38% at
$0.024311
WITChain (WIT) -34.98% at
$0.000042
New Coins
Listed
Birake (BIR) listed to
HotBit
Vexanium (VEX) listed to
Digifinex
By: BGN Editorial Staff