The State of The Market — November 14, 2018BTC: $3,311.57 (-3.48%)XRP: $0.296280 (-2.61%)ETH: $86.47 (-4.02%)
The market is down once again, with Bitcoin dropping to a low of $3,200 on Bitstamp. This is the lowest level for Bitcoin since September 2017. Bitcoin is in extreme oversold conditions right now. While a bullish reversal to $3,650 was expected, sellers are not done yet. As Bitcoin is in red, most of the market is flashing red today, with the total market cap losing more than $5 Billion in the last 24 hours. WAVES is the top gainer in the last 24 hours, as it is up by nearly 100% in one week.
In other news, Coinbase has released a new Watchlist feature that allows users to customize their Coinbase dashboards. The exchange’s users can now choose to customize their dashboards to show the information of specific cryptocurrencies. Also, Enjin (ENJ) recently announced their new partnership with the payment gateway provider Bidali that makes it easier for any online business to allow payments with Enjin Coin. One of the popular features of the platform is Bidali’s online gift card store, where holders can use ENJ to purchase from a wide variety of big name brands such as Amazon, Xbox, PlayStation, iTunes, Google Play, and more than 100 other household names.
1) Stuttgart Stock Exchange, Germany’s second-largest stock exchange is set to launch a cryptocurrency trading platform in 2019. The exchange has partnered with solarisBank, the first German bank to offer accounts to blockchain businesses. It provides Banking-as-a-Service technology platform with its own banking license. The two groups envision a hybrid future, where both fiat and cryptocurrencies co-exist. The exchange will launch with Bitcoin and Ethereum. However, once their ICO platform goes live, investors will also be able to invest in tokens issued there. (Read More)
2) UAE Exchange, one of UAE’s largest remittance firms is working with Ripple to launch blockchain-based payments to Asia. It is scheduled to launch in Q1, 2019. UAE Exchange’s CEO Promoth Manghat expects support from at least one or two banks in Asia that currently use RippleNet. About 36.7% of the remittance from the UAE is made to India, and some Indian banks already use RippleNet. Last year alone, migrant workers in the Asia Pacific region sent $256 billion. The firm hopes to reduce costs and friction in cross-border transfers. (Read More)
3) Binance Labs, the venture wing of Binance crypto exchange, is planning to launch new incubator programs in Buenos Aires, Berlin, Singapore, Lagos, and Hong Kong in March next year. The firm is offering 10-week onsite programs for blockchain projects that are in their early stages. According to the announcement, beginning next year, all incubation programs of Binance Labs will wind-up together with a 3-week trip to Singapore and a collective demo day. (Read More)
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