General Market
Outlook
Total market cap for
cryptocurrencies is up over $440 billion again with trading volume
rising into the weekend, at around $27 billion. Bitcoin has risen
back to almost $9,500 and Ethereum is up almost 10% to about $750.
Social media and gaming blockchain project Loom (LOOM) continues to
surge - up over 30% in the past 24 hours. Golem (GNT) continues to
rise - test of their distributed supercomputer platform began last
month and has been performing well.
Major
Headlines
Goldman Sachs Takes on
Bitcoin Futures
The first Bitcoin futures were
implemented by the Chicago Board Options Exchange (cboe) in
December 2017. Goldman has been helping clients invest via the
Cboe, but will now launch their own platform. Banks cannot manage
volatile assets - let alone assets that might be currencies, or
commodities, or property depending on which governing body you ask.
Futures allow banks to “hold” something without actually owning the
thing itself. The choice has been made from client interest rather
than internal excitement. “I would not describe myself as a
true believer who wakes up thinking Bitcoin will take over the
world, for almost every person involved, there has been personal
skepticism brought to the table.” - Rana Yared, Goldman
Executive
Circle Payment App Adds
Zcash
Circle is a peer-to-peer
currency exchange app similar to Venmo. It was created in 2013, and
received a Bitlicense from New York state to legally allow
cryptocurrency transactions in 2015. From 2013 to 2016 the company
was funded a total of $135 million, which included $50 million from
Goldman Sachs. Zcash (ZEC) is a decentralised, open-source
cryptocurrency like Bitcoin. However it is designed to provide
strong privacy and enable shielded transactions that hide the
sender, recipient and value on the Zcash blockchain ledger. Circle
is making moves to become much more than app to pay your friend for
lunch. In February 2018 they purchased the cryptocurrency exchange
Poloniex. They plan to convert the exchange to CircleX, where
trading of more than cryptocurrencies will be enabled.
Coinbase Opening Chicago
Office and Block Trading
The company has been on a tear of
expansion in 2018. They have hired several new executives with
extensive wall street experiences, launched a venture capital
platform and index fund program, as well as acquiring Earn.com.
Coinbase is the most highly used platform to exchange fiat to
Bitcoin, and other main coins (Litecoin, Ethereum, Bitcoin Cash).
However, their exchange platform GDAX has not been extremely
popular historically. By integrating block trading, the lure of
high volume institutional traders could bring new excitement around
the exchange.
Top 5
Gainers
BitcoinDark (BTCD) +132.14% at
$235.39
Mooncoin (MOON) +105.95% at
$0.000163
Bitdeal (BDL) +98.18% at
$0.012012
Guaranteed Ethereum Token Extra
(GETX) +% at $0.107761
ATB Coin (ATB) +% at
$0.364798
Top 5
Losers
Bitair (BTCA) -28.61% at
$0.000608
Minex (MINEX) -26.00% at
$0.021403
Sfe Exchange Coin (SAFEX) -24.37%
at $0.022341
TokenCard (TKN) -21.67% at
$1.98
DIMCOIN (DIM) -21.00% at
$0.010743
New Coins
Listed
Consentium (CSM) listed to
HitBTC
Dravite (DRV) listed to
CryptoBridge
Artax (XAX) listed to
CryptoBridge
EOS (EOS) listed to
Cryptopia
Live Stars Token (LIVE) listed to
Cryptopia
Decentraland (MANA) listed to KuCoin
WanChain (WAN) listed to Huobi
Pro
By: BGN Editorial Staff