General Market
Outlook
The market continues to consolidate
with mixed movement of top coins, and significant changes for many
others. Although there was overall small downward movement, some
coins are showing strong positive gains, and trading volume remains
high, trending between $28 billion and $29 billion in 24 hours.
Enji Coin (ENJ) and Decentraland (MANA) are the major stand outs of
the top 100 coins by market cap - up over 47% and 42% respectively
in the past 24 hours. Bitcoin (BTC) is right around $3,850
for -1.0% and a total market dominance of 52.0%, and Ethereum (ETH)
is right at $135 for 3.0% change in the past 24 hours. Market cap
for the overall cryptocurrency market lost just $1 billion, falling
to $130 billion total.
Major
Headlines
Electroneum Wallet -
Smartphone
One of the most widely used
cryptocurrency mobile wallets is called Electroneum. The platforms
simple interface is applicable to a wide range of cryptocurrencies,
and can be used on almost any operating system. The company has no
released an Android smartphone that is tailored to cryptocurrency
useds. The phone “M1” is a Google Mobile Services (GMS)-certified
smartphone that will be sold for only $80 USD. It has a standard 4G
capability, 8 GB–32 GB of storage and two SIM slots, and is powered
by a Quad Core 1.3 Ghz processor. The phone comes with a built in
mining service to reward phone owners. At launch the phone will
only mine Electroneum’s native token ETN, with the company claiming
that it will yield as much as $3 per month. The ETN tokens can be
used to purchase services such as mobile top-ups, online services
and shopping. It can also be traded on exchanges. It will
first launch in South Afr5ica. “South Africa was an obvious choice
for us. We carried out a large survey in the country and found that
97 percent of those who responded said they would like to use ETN
to pay for mobile airtime and data.” - CEO, Richard Ells
Australian Government
Blockchain Trial
An experiment with the use of
blockchain technology for cross-border payment settlements is now
underway for the Australian Transaction Reports and Analysis Centre
(AUSTRAC). In a partnership with the Swinburne University of
Technology in Melbourne, they hope to automate much of the
process. to build a prototype for the trial. The testing
phase will likely last one year. The focus is how smart contracts
can facilitate a more streamlined process for reporting on
transactions with the International Monetary Fund. Australia’s
Anti-Money Laundering and Counter-Terrorism Financing Act mandates
that institutions or specific categories of individuals involved in
a cross-border transfer of funds – including payer, sender and
beneficiary institution – must report details of the transaction
within 10 days. All this information could be included in a
blockchain smart contract.
Thai Government Allowing
Blockchain-Securities
Thailand’s National Legislative
Assembly approved an amendment to the Securities and Exchange Act
which legalizes issuance of tokenized securities such as stocks and
bonds. The next step is for the Securities and Exchange Commission
of Thailand to amended their current structure as well. The changes
will allow businesses to be licensed to operate as depositories of
securities and digital tokens. Prior to this only the Thailand
Securities Depository Co Ltd, a subsidiary of the Stock Exchange of
Thailand (SET) could handle this type of digital asset.
Top 5
Gainers
The Currency Analytics (TCAT)
+215.69% at $0.007125
CyberFM (CYFM) +103.92% at
$0.000005
Typerium (TYPE) +56.17% at
$0.000541
Enji Coin (ENJ) +53.58% at
$0.088307
CWV Chain (CWV) +52.11% at
$0.004191
Top 5
Losers
Eurocoin Token (ECTE) -28.98% at
$0.098116
Blacer Coin (BLCR) -27.06% at
$17.83
KWHCoin (KWH) -25.38% at
$0.000032
MIR Coin (MIR) -24.51% at
$0.016252
Profile Utility Token (PUT) -23.55%
at $0.005436
New Coins
Listed
MIR Coin (MIR) listed to
HanBitCo
By: BGN Editorial Staff
