General Market Outlook
The market continues is now moving upward slightly after several
days of sideways movement. Many coins are in the green and trading
volume has moved between $10 billion and $11 billion in 24 hours.
Digitex Futures (DGTX) and Horizen (ZEN) are the major stand outs
of the top 100 coins by market cap - up over 10% and 9%
respectively in the past 24 hours. Bitcoin (BTC) is right
around $6,400 for +1.0% and a total market dominance of
54.0%, and Ethereum (ETH) is right at $200 for +1.0% change in the
past 24 hours. Market cap for the overall cryptocurrency market
jumped almost $6 billion briefly but has since settled at almost
$206 billion total for a gain of $3 billion.
Major Headlines
ConsenSys Buys Asteroid Mining Startup
Planetary Resources has just been acquired by Consensys, the
premier Ethereum development organization. The terms of the deal
were not specified in detail, but the arrangement puts CEO Chris
Lewicki and general counsel Brian Israel of Planetary Resources
into positions with ConsenSys. Their space venture was struggling
to raise funds after launching two satellites to orbit Earth. Their
vehicles included an infrared imager to scan for potentially useful
resources. With on Consensys, it’s not clear what their goal will
be, but the company is looking to the stars: "Bringing deep space
capabilities into the ConsenSys ecosystem reflects our belief in
the potential for Ethereum to help humanity craft new societal rule
systems through automated trust and guaranteed execution. And it
reflects our belief in democratizing and decentralizing space
endeavors to unite our species and unlock untapped human
potential."
ACH Payments vs. P2P Network
The U.S.'s Automated Clearing House (ACH) network handles large
batches of credit and debit payments for consumers, governments and
businesses. The total payments through the system in 2017 were $47
trillion worth in 2017. In similar fashion to the Bitcoin
whitepaper, an outline for a P2P protocol to replace the
traditional ACH payment has surfaced: "Promise: A Decentralized,
Peer-to-Peer, Proxy Repayment Protocol." Taariq Lewis, CEO of a
startup with the same goal received the paper this week, and plans
on using some of its structure for his new business Promise. He and
two co-workers have built on the paper in a follow up titled
"Stronger Promises” with a blockchain employing "proxy re-signing"
to facilitate the automated payment structure of ACH. On current
systems like Bitcoin, it would be extremely inefficient to replace
ACH, because all transactions require a cryptographic signature
from the sender. They hope to launch the system in late 2019 or
early 2020.
Bitlicense Approve For Bitcoin ATM Company
Coinsource has been granted the 10th Bitlicense from the New York
State Department of Finances after their initial application back
in 2015. Over that time period, their services have seen 500% use
increase. Their Bitcoin teller machines allow anyone to purchase
send or sell BTC directly from the machine, without the need to
connect a Bank Account. The company already has 40 of the machines
operational in New York.
Top 5 Gainers
Coupecoin (COUPE) +92.16% at $0.000025
Bitcoin Incognito (XBI) +69.93% at $0.646253
Arbitrage (ARB) +55.10% at $11.53
Sapien (SPN) +48.77% at $0.005379
Webcoin (WEB) +42.41% at $0.019704
Top 5 Losers
WABNetwork (WAB) -62.69% at $0.000317
RusGas (RGS) -51.65% at $0.000038
IXTUS Edutainment (IXE) -48.87% at $0.008160
Cashberry Coin (CBC) -44.62% at $0.580948
Karma (KRM) -31.06% at $0.001326
New Coins Listed
Tron (TRX) listed to CoinSuper
Tokenomy (TEN) listed to NUCEX
DragonChain (DRGN) listed to Ethfinex
By: BGN Editorial Staff
