Crypto Market Update (01 June 2018)

Bitcoin Global News (BGN)

June 01, 2018 -- ADVFN Crypto NewsWire

General Market Outlook

The mild reversal of the this week seems to be holding steady, as Bitcoin, Ethereum and many altcoins are showing positive percent growth or consolidation in the past 24 hours. Two of the of the top 100 coins are up around 10%. Bitcoin is nearing $7,500 for -1.5% and Ethereum is nearing $575 for no change in percent.

Major Headlines

Dallas Mavericks Partner with Blockchain Fitness App Lympo

Lympo is a fitness tracking app built to motivate people to exercise that adds that gives users rewards through their cryptocurrency. In a three year deal, the Mavericks will add Lympo to their branding, develop a deeper fitness culture with technology and begin experimenting with cryptocurrencies for rewards, merchandise and ticket sales. There will be a Lympo patch on their practice jerseys and later this year, the Mavericks and Lympo will unveil the rebranded Lympo Training Facility and the Lympo Training Court, along with redesigned jerseys. They will work together to form a group of fitness ambassadors who will host fitness events and activities for Mavs fans throughout the year. With the app, fans will be able to earn free tickets and merchandise by completing specific Mavericks fitness challenges.

German Research Finds 1 in 3 Interested in Cryptocurrency Investment

The study was conducted by a German bank Postbank. They interviewed a total of 3,100 people between February and March this year for its Postbank Digital Study 2018. It looked at emerging trends of fintech and blockchain regarding German life. It found that despite a tough Q1 for cryptocurrencies, popularity doesn’t appear to have changed. The study revealed that a total of 29 percent of Germans see them as an interesting investment. Among younger generations (18 to 34), it was especially evident with 46 percent interested. Compared to the average population young people have twice as many cryptocurrencies. In the next 12 months, another 14 percent of 18 to 34 year olds want more diversity. 20% total population deemed that they have a sound level of knowledge on the topic - the number was notably higher for 18 to 34 year olds at 29%

Busiest Airport in Australia Now Accepts Cryptocurrency

For the first time, goods and services may be purchased in an airport with cryptocurrency. Brisbane’s International Airport partnered with TravelbyBit to make the overhaul. Travelers may use Bitcoin, Dash, and Ethereum. “This is just the beginning for us as we hope to expand the digital currency option across the business, so watch this space,” said Roel Hellemons, Brisbane Airport Corporation (BAC) General Manager Strategic Planning and Development. TravelbyBit is doing more work around Australia and is building a real value for crypto with the general population using their network of merchants such as luxury hotels, restaurants and entertainment venues.

Top 5 Gainers

Wink (WINK) +317.37% at $0.001260

IoTeX (IOTX) +123.55% at $0.063732

Quazar (QCN) +96.48% at $0.014830

WhaleCoin (WHL) +74.46% at $0.079339

1World (1WO) +68.22% at $0.243124

Top 5 Losers

MediBloc (MED) -69.36% at $0.000147

Arbitracoin (ATC) -35.91% at $0.158144

Dascoin (DASC) -35.71% at $0.165350

Rhenium (XRH) -32.98% at $0.104108

Transcodium (TNS) -20.77% at $0.288141