General Market
Outlook
The market took a large plunge on
Sunday with most coins dropping between 5% and 15%. Most altcoins
has since stopped the decline, but trading volume continues to
fall. Veritaseum (VERI) is the only minor standout of the top 100
coins - up about +10% in the past 24 hours. Bitcoin is right around
$6,750 for about -7% change and Ethereum is right at $525 for -8%
change in the past 24 hours. Market cap for the overall
cryptocurrency market lost over $40 billion coming down to $293
billion total.
Major
Headlines
New AngelList platform
could legitimize ICOs
Startup platform AngelList is
building a new crowd-equity segment into their business model that
could help legitimize the ICO game by providing a curated selection
and providing real equity, instead of just tokens. Prior to this
AngelList was focused on sourcing talent and angel investors for
startups. Their new platform “Republic” will actually hold true to
the name - token incentives within the platform will be given for
active participation, and power will be held by the masses not
majority stake investors. Binance was one of the major contributors
of $12 million in commitments received presale. Once launched the
platform will provide a curated group of ICO offerings where
investors will have the option put up to 20 percent of their
investment in equity.
John Hyland sees a future
beyond Bitcoin futures
Head of cryptocurrency
fund Bitwise expects that the SEC
will soon figure out regulation for trading Bitcoin itself, not
just Bitcoin futures. Bitcoin futures have been available for
trading since late 2017, but this avoids putting investors in
possession of the actual coins, and is less efficient than would be
trading Bitcoin directly like a commodity. John Hyland helped bring
the first oil and commodity ETFs to market when he was CIO of
United States Commodity Funds, and now expects that Bitcoin ETFs
will most likely be available by 2019. It’s possible that having
confirmed one cryptocurrency to be traded, the floodgates could
open to full blown, legitimized crypto-stock market.
Women’s interest in
cryptocurrencies is increasing
The tech industry has been a poster
child for the results of gender inequalities, and the blockchain
crypto space has been almost worse. Major UK crypto
exchange London Block Exchange put together some data on
the trends. Although women are still vastly underrepresented, it’s
changing: 13% now say they would possibly decide to invest in
cryptocurrencies, up from just 6% at the end of 2017 - And do
women have more patience to be better investors? The data says yes:
1. women were found to be 50% less likely to suffer from FOMO than
men 2. women are twice as likely to ask for advice from friends and
family before investing, whereas men prefer to decide just by
themselves.
Top 5
Gainers
Harvest Masternode Coin (HC)
+32.97% at $0.087149
Yocoin (YOC) +32.84% at
$0.031321
Cashaa (CAS) +30.06% at
$0.49836
Proxeus (XES) +25.04% at
$0.098968
BoutsPro (BOUTS) +14.43% at
$0.013149
Top 5
Losers
Kubera Coin (KBR) -39.27% at
$0.002063
FairGame (FAIR) -32.63% at
$0.019335
Nullex (NLX) -32.09% at
$0.041121
CVCoin (CVCOIN) -30.23% at
$0.718993
Bodhi (BOT) -26.59% at
$0.469109
New Coins
Listed
ZestCoin (ZEST) listed to
Cryptopia
Sensus (SENX) listed to
Stocks.Exchange
Kashcoin (KAC) listed to
Stocks.Exchange
Siacoin (SC) listed to
OKEx
By: BGN Editorial Staff
News:
Bitcoin
(BTC)
Ethereum
(ETH)
Veritaseum
(VERI)
ICO
AngelList
Bitcoin
Futures
Bitwise
Bitcoin ETF
London Block
Exchange
Cryptocurrency
Exchanges
Harvest Masternode Coin
(HC)
Yocoin
(YOC)
Cashaa
(CAS)
Proxeus
(XES)
BoutsPro
(BOUTS)
Kubera Coin
(KBR)
FairGame
(FAIR)
Nullex
(NLX)
CVCoin
(CVCOIN)
Bodhi (BOT)
ZestCoin
(ZEST)
Sensus
(SENX)
Kashcoin
(KAC)
Siacoin
(SC)
