Oct 11: cryptocurrency overview and news

Oct 11: cryptocurrency overview and news

OVERVIEW:

At present, the total market capitalization of cryptocurrency is around 217.5 billion US dollars, a slight decline of 0.46% compared with the previous day of 218.5 billion US dollars. Bitcoin price temporarily reported at 6603.3 US dollars, accounted for -0.81%; Ethereum Price reported at $226.9, -0.63% decline in comparison to yesterday; Bitcoin Cash Price reported at $516.8 US dollars, -0.58% decline; EOS price reported at $5.92 US dollars, -0.03% loss, according to Citicoins.

Note:

1. The price change within half an hour can better reflect the dynamic changes of the coins and tokens.

2. The trading volume refers to the liquidity (influentially holders’ activity and interests) to the market within a certain period of time. The trading volume rated high indicates the liquidity is great. However, it often has strong speculation extents and usually been favored by “whales” for price control and operation. Thus the risk is relatively large as the price fluctuation is big.

POSITIVE:

Dogcoin team: The team is preparing for listing on Coinbase

Ross Nicoll, a core member of the dogcoin, said in a recent interview that the team was preparing for submission to Coinbase exchange listing, according to Cryptorecorder.

The first unmapped user has retrieved 2643.35 EOS

EOS Cannon Bean said, after the proposal to deliver unmapped users assistance to retrieve EOS was approved, a user, created an EOS account through the EOS Authority, retrieved 2647.35 unmapped EOS coins.

Analysts believe the concentration of mining pools in China will endanger Bitcoin

Bitcoinist reports a paper by Princeton University and Florida International University notices that the impact from China on Bitcoin infrastructure (mining) is growing. Also it says China is able to destruct Bitcoin market. The data shows more than 80% of Bitcoin in circulating was produced by 6 mining pools, 5 of which were organized or managed by Chinese.

Cryptocurrency payment service provider CoinGate now supports Binance Coin (BNB)

According to CoinGate, cryptocurrency payment service provider CoinGate now supports BNB payments. The average BNB price was $10.28, a decrease of 2.46%.

Institutional investors’ interest in Ripple (XRP) has increased

Dailyhodl reports 12.5% of institutional investors now chose XRP as their cryptocurrency market funds, which is higher than the previous quarter 9.9% according to Grayscale. In addition, Ethereum, Bitcoin Cash and Litecoin price have declined in the past few months, whereas Bitcoin market dominance has risen from 57.6% to 66.8%.

NEGATIVE:

17,999 ETHs thru intermediate accounts have been transferred into Binance, Bitfinex and other exchanges

The account of 0xd7d3c75920590438b82c3e9515be2eb6ed7a8b1a, which participated in ETH early ICO, transferred 17999 ETHs to the address 0xdf114d41c1c09297e80fdcdcb249d69f8aacabea. Then ETH was transferred to the Binance, Bitfinex and other exchanges. Citicoins found that all transfers have passed through an intermediate account. It may intend to hide the transactions record from something else.

All data used for market & price analysis collected from Citicoins.com