General Market
Outlook
The market is now reversing the
downtrend from the last several days. Nearly all coins are making
positive gains, and trading volume has moved between $14 billion
and $15 billion in 24 hours. Electroneum (ETN) and Bitcoin Cash
(BCH) are the major stand outs of the top 100 coins by market cap -
both up over 21% in the past 24 hours. Bitcoin (BTC) is right
around $6,550 for +2% and a total market dominance of about
52.0%, and Ethereum (ETH) is right at $220 for +4.5% change in the
past 24 hours. Market cap for the overall cryptocurrency market has
steadily risen by over $9 billion, now at $217 billion
total.
Major
Headlines
Google Revises
Cryptocurrency Ad Ban
Next month Google will amend the
ban on cryptocurrency ads put in place in early June for their
users in the U.S. and Japan. The official statement: "The Google
Ads policy on Financial products and services will be updated in
October 2018 to allow regulated cryptocurrency exchanges to
advertise in the United States and Japan." There are stipulations
to exactly what type of content will be allowed, but criteria is
somewhat vague in some areas. Advertisements for ICOs are still not
allowed, and for cryptocurrency exchanges, only those which are
"regulated" trading sites will be accepted. "Advertisers will need
to be certified with Google for the specific country in which their
ads will serve. Advertisers will be able to apply for certification
once the policy launches in October. This policy will apply
globally to all accounts that advertise these financial products,"
Google wrote.
Bitcoin Could Have More To
Offer
A project to bring the diverse
feature set of a blockchain system like Ethereum to Bitcoin has
been in the works for several years, but can not finally be tested.
The potential network expansion was created by Paul Sztorc,
director of research at startup Tierion back in November of 2015.
The essential function of the system is a seamless way to integrate
sidechains into the Bitcoin network. This additional channels could
facilitate tokenizing assets like many organizations are working on
with the Ethereum network, but also facilitates many other
advancements that have been created since Bitcoin was created. "If
this 'multi-network coin' idea is found to be viable, it has
profound implications for the crypto's most salient problems.
Bitcoin would be able to copy, without controversy, any technology,
including: larger blocks, Turing-completeness, and ring
signatures." - Paul Sztorc
UN Expanding Blockchain
Integration
The UN began using an Ethereum
based blockchain system called “Building Blocks” this year to
facilitate monetary donations and ensure delivery of food to
refugees in Syria. They are reaching 106,000 Syrian refugees in
Jordan each month. By fully integrating this system, the
organization estimates they could save at least $40,000 in fees
incurred through transferring money by traditional means. They are
taking steps for the expansion by introducing the system for
refugee aid in the Middle East, and supply chain management in
Africa as well.
Top 5
Gainers
Mindexcoin (MIC) +150.80% at
$0.135432
Starta (STA) +105.26% at
$0.437596
Eternal Token (XET) +91.68% at
$1.30
Patron (PAT) +51.90% at
$0.025086
HollyWoodCoin (HWC) +46.99% at
$0.179438
Top 5
Losers
Concierge Coin (CCC) -52.36% at
$1.45
Super Game Chain (SGCC) -48.99% at
$0.000163
SaveNode (SNO) -33.70% at
$0.193403
Cryptrust (CTRT) -33.18% at
$0.000051
Netkoin (NTK) -31.39% at
$0.000092
New Coins
Listed
Tron (TRX) listed to
Livecoin
Endor (EDR) listed to
Bittrex
By: BGN Editorial Staff
News:
Bitcoin
(BTC)
Ethereum
(ETH)
Electroneum
(ETN)
Bitcoin Cash
(BCH)
Blockchain
Midexcoin
(MIC)
Starta
(STA)
Eternal Token
(XET)
Patron
(PAT)
HollyWoodCoin
(HWC)
Concierge Coin
(CCC)
Super Game Chain
(SGCC)
SaveNode
(SNO)
Netkoin
(NTK)