General Market Outlook
The market continues to make no strong moves in either positive or
negative gains overall. Coins are split between between gains and
losses, but some are making significant growth. Trading volume has
remained steady between $10 billion and $12 billion in 24 hours.
Decred (DCR) and ChainLink (LINK) are the major stand outs of the
top 100 coins by market cap - up over 32% and 15% respectively in
the past 24 hours. Bitcoin (BTC) is right around $6,450 for
-0.5% and a total market dominance of 53.8%, and Ethereum (ETH) is
right at $200 for -1.0% change in the past 24 hours. Market cap for
the overall cryptocurrency market steadily lost just under $2
billion, now consolidating at $208 billion total.
Major Headlines
Bitcoin Futures On ICE Next Month
The Bitcoin futures market has been driven by the Chicago Board of
Exchanges as they were the first to list a product of that type in
December of 2017. Now next month, the parent company of the NYSE
will list a Bitcoin futures product through their new digital asset
platform on December 12th. There will be no margin trading in this
system. The Intercontinental Exchange launched the platform in
August of this year with the goal of becoming the premier,
regulated, global ecosystem for digital assets. It’s built on
Microsoft’s cloud networking services, and backed by Microsoft
venture capital as well.
HTC Crypto Phone Release
The world’s first mass-distributed blockchain enabled phone is now
on pre-order. The Android device as designed by HTC, called the
Exodus. Maybe most importantly, the phone must be purchased using
cryptocurrencies. Bitcoin or Ethereum will be accepted, and is
available to customers is almost 40 countries, including the United
States, Hong Kong, Singapore, New Zealand, the and the United
Kingdom. Devices will ship in December, but the company has hinted
at an early access version. No details have been provided, but the
overall purpose behind an early adopter community was stated: "The
goal is to start with the blockchain community and get their
assistance in making our wallet and the technology even more
secure, in essence testing it out and providing feedback and
suggestions [and] solutions.”
Overstock Backs Decentralized Social Media
Platform
One of the oldest decentralized media platforms is called Minds.
Though the company has not seen as much adoption as others such as
STEEM, the project has been under constant development and work
toward monetary backing from bigger, established companie. They
have just recently launched their native cryptocurrencies (MINDS),
which allows users to be compensated for contributing popular
content to the platform or engaging the content of others. The
company is extremely conscious of user’s privacy rights, and has
adopted the Electronic Frontier Foundation (EFF) Manila Principles
as the platform’s Digital Bill of Rights in order to “ensure
freedom of speech” for its users. Overstock has consistently shown
support for blockchain and cryptocurrencies through their online
marketplace accepting many cryptocurrencies, but more importantly
with monetary support like this from their investment subsidiary,
Medici Ventures.
Top 5 Gainers
United Bitcoin (UBTC) +162.97% at $9.51
Zero (ZER) +81.24% at $0.417047
Bezop (BEZ) +62.38% at $0.080563
Smart Application Chain (SAC) +56.62% at $4.09
Dock (DOCK) +47.37% at $0.030294
Top 5 Losers
Olive (OLE) -45.05% at $0.004993
Heartbout (HB) -44.88% at $0.026961
Ordocoin (RDC) -34.62% at $0.000026
Futurax (FTXT) -20.58% at $0.000214
Mozo Token (MOZO) -20.52% at $0.002959
New Coins Listed
Komodo (KMD) listed to OnePageX
Slate (SLX) listed to HitBTC
By: BGN Editorial Staff
