General Market
Outlook
The market dropped somewhat, with
nearly all coins are in the red and trading volume slowing to $13
billion in 24 hours. Eternal Token (XET) and Wax (WAX) are the
major stand outs of the top 100 coins by market cap - up over 46%
and 15% respectively in the past 24 hours. The value of Bitcoin
(BTC) is right at $6,450 for -1.0% and a total market dominance of
about 52.1%, and the value of Ethereum (ETH) is nearly at $215 for
-2.0?% change in the past 24 hours. Market cap for the overall
cryptocurrency lost about $4 billion, falling to around $215
billion total.
Major
Headlines
eToro’s Platform For
Economic Disparity
GoodDollar is the newest release
from the popular UK investment platform eToro. The company was an
early adopter of Bitcoin investment products, adding their first in
2014. Earlier this year they completed a funding round of $100
million, and appear to be putting the influx to work. They have put
$1 million into the new project so far, and are seeking additional
input. The company presented at Web Summit this week in Portugal,
where they announced GoodDollar. The platform is focused on
providing the necessary tools someone without a bank would need to
participate in the cryptocurrency community. These decentralized
networks allow individuals to serve as their own banking service,
sending and receiving payments, and a way to store value securely
on the internet. GoodDollar is designed only for non-speculative
cryptocurrencies.
U.S. Elects Cryptocurrency
Friendly Individuals
Midterm elections are wrapping up
in the United States, where many peple running for public office
were open about their support for cryptocurrencies. The Digital
Asset Trade Association (DATA) tracks the stance of people involved
in governments around the world to use for their overall advocacy
of blockchain technology. Overall, three new governors and two
incumbent are ranked as very crypto-friendly. They include Jared
Polis (Colorado) and Gavin Newsom (of California), Mark Gordon
(Wyoming), Gina Raimondo (Rhode Island) and Greg Abbott (Texas).
These public officials are aware of the impressive potential of
cryptocurrencies and blockchain technology, although the U.S. has
lagged behind many other countries in their regulatory
understanding and integration for the technology.
SIM
Swapping
A form of theft of cryptocurrency
has become a primary issue in the U.S. state of California. SIM
swapping is the process of hijacking the SIM card in a mobile
device remotely. To do this, the hacker has to gain access to
personal information from the network that supports their SIM card
and phone service. They then attempt to find and use any
cryptocurrency login details or wallet passwords.
Top 5
Gainers
Nerva (XNV) +72.30% at
$0.354655
CrypticCoin (CRYP) +58.06% at
$0.005724
Origin Sport (ORS) +55.30% at
$0.021933
Gene Source Code Chain (GENE)
+51.15% at $0.008240
Peerplays (PPY) +50.66% at
$1.57
Top 5
Losers
Nerves (NER) -82.80% at
$0.000191
Agrolot (AGLT) -49.73% at
$0.086173
VisionX (VNX) -44.47% at
$0.009278
KWHCoin (KWH) -34.48% at
$0.005210
Sp8de (SPX) -30.86% at
$0.000083
New Coins
Listed
Veros (VRS) listed to
BiteBTC
0x (ZRX) listed to
Biztranex
BTC Lite (BTCL) listed to
Raisex
MatrexCoin (MAC) listed to
Crex24
By: BGN Editorial Staff