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Cryptocurrencies fall broadly lower as Binance plans to delist Bitcoin SV (BSV), sending Bitcoin Cash (BCH) soaring

Apr 15, 2019

 

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Top 5 Cryptocurrencies sorted by 24 hour Volume

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Name Ticker Price 1H %Chg 24H %Chg 7D %Chg Market Cap Volume
Bitcoin BTC USD$5024.07 -1.02% -1.87% -4.22% USD$88,661,510,664 USD$12,378,156,064
Ethereum ETH USD$160.31 -0.34% -2.89% -10.53% USD$16,940,354,397 USD$5,671,988,147
Litecoin LTC USD$77.51 -0.93% -2.03% -12.45% USD$4,755,546,770 USD$2,838,336,827
EOS EOS USD$5.32 -0.25% -0.44% -3.0% USD$4,817,924,638 USD$2,589,196,292
Bitcoin Cash BCH USD$308.32 -0.13% 9.56% 0.33% USD$5,466,542,920 USD$2,362,199,605

Top 5 Cryptocurrencies sorted by 24 hour Price Percent Change

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Name Ticker Price 1H %Chg 24H %Chg 7D %Chg Market Cap Volume
Bitcoin Cash BCH USD$308.32 -0.13% 9.56% 0.33% USD$5,466,542,920 USD$2,362,199,605
EOS EOS USD$5.32 -0.25% -0.44% -3.0% USD$4,817,924,638 USD$2,589,196,292
TRON TRX USD$0.03 -0.52% -1.61% -14.78% USD$1,747,519,198 USD$364,828,187
Bitcoin BTC USD$5024.07 -1.02% -1.87% -4.22% USD$88,661,510,664 USD$12,378,156,064
Cardano ADA USD$0.08 -1.07% -1.89% -6.27% USD$2,110,775,130 USD$83,737,669

 

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Crypto Market Recap

  • Cryptocurrencies are trading broadly in the red as Bitcoin (BTC) is inching closer to the USD$5,000 support level, down 1.76% over the last 24 hours to USD$5,030. 19 of the top 20 cryptocurrencies by market capitalization are in the red this afternoon with Bitcoin SV (BSV) being the harshest laggard, down nearly 14% over the last 24 hours to USD$60.33. Bitcoin Cash (BCH) is moving against the broad market today, up 9.19% over the last 24 hours to USD$307.27 -- BSV’s underperformance and BCH’s outperformance comes after Binance announced it will delist the former, discussed more below.  
  • The “Bitcoin Misery Index” (BMI), an index developed by Wall Street Strategist and Fundstrat Global Advisors co-founder Tom Lee, recently hit its highest level since June 2016. According to Tom Lee, the index reached a value of 89 on April 2nd and could be interpreted as either a good or bad sign. The BMI takes into account a coin’s volatility and price to determine how “miserable” coin holders are at a given time. The index is a measure of investor sentiment.

Crypto Developments in Financial Services

  • 2030.io, a blockchain startup based in the United Kingdom, has raised USD$3.9mm in funding through Turquoise, a platform owned by the London Stock Exchange. According to a report by fintech news outlet Finextra, 2030.io secured a total of 3mm British pounds by selling tokenized shares on the equity trading platform Turquoise. 2030.io is one of 29 firms that has received regulatory approval from the UK’s Financial Conduct Authority to test fundraising on the new platform.  
  • Blockchain Exchange Alliance (BXA), the parent company of South Korean cryptocurrency exchange giant Bithumb, has received USD$200mm in funding from Japan’s ST Blockchain Fund, according to an official press release. The investment is part of a Series A funding round that BXA aims to use to expand the international presence of Bithumb. The new investment will also enable new trading pairs on Bithumb, which is South Korea’s largest crypto exchange.

General Crypto News

  • Binance has officially announced that it will delist Bitcoin SV (BSV) from its exchange in a week. According to Binance, BSV and all BSV trading pairs will be removed from the Binance exchange platform. The delisting comes as part of Binance’s priority of regularly reviewing the assets listed on its platform, “to ensure that it continues to meet the high level of standards we expect.” The announcement by Binance comes shortly after a series of Twitter exchanges between CEO Changspeng Zhao and Craig Wright, the founder of BSV who has made multiple claims of being the Bitcoin (BTC) creator Satoshi Nakamoto. 
  • PewDiePie, the most-subscribed-to YouTube channel in the world, started streaming on DLive, a blockchain video platform, on April 14th according to an official press release. DLive will be, “the exclusive livestreaming platform,” for PewDiePie. According to a DLive press release, the platform currently boasts 3 million monthly active users and 35,000 active streamers. PewDiePie’s YouTube channel currently maintains about 93mm subscribers and 21bn video views.  
  • Nestle, a Switzerland-based food giant, Carrefour, a French-based supermarket chain, and IBM are partnering to use blockchain technology in tracking French convenience foods. Nestle and Carrefour are both members of IBM’s Food Trust blockchain platform, which will use its technology to track and record the supply chain of popular mashed potatoes brands Mousline. Once launched, the partnership will allow customers to scan the QR code of a Mousline box to find out the specific location the potatoes came from and their journey to the respective store.

 

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*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio

Sources:

http://www.carrefour.com/current-news/carrefour-nestle-blockchain-technology-for-food-transparency-with-mousline 
https://cafe.bithumb.com/view/board-contents/1640037 
https://coin360.io/  
https://coinmarketcap.com/  
https://cointelegraph.com/news/binance-to-delist-bitcoin-sv-as-it-no-longer-meets-the-exchanges-standards   
https://cointelegraph.com/news/london-based-blockchain-startup-raises-39m-with-equity-tokens-on-lses-turquoise 
https://cointelegraph.com/news/nestle-carrefour-work-with-ibm-to-track-mashed-potato-brand-with-blockchain 
https://cointelegraph.com/news/south-korea-bithumb-exchange-operator-gains-200-million-from-japanese-investment-fund 
https://cointelegraph.com/news/tom-lees-bitcoin-misery-index-hits-highest-value-since-2016-in-possible-bull-signal 
https://cointelegraph.com/news/top-subscribed-youtuber-pewdiepie-partners-with-blockchain-livestreaming-platform 
https://jp.cointelegraph.com/news/japanese-blockchain-fund-invested-200-million-dollar-in-the-parent-company-of-bithumb 
https://support.binance.com/hc/en-us/articles/360026666152?fbclid=IwAR3ysVzVLT5um_x3Wgq4X3UEPhdi7UdIN4PrzzQO5jduUQoeQ6z_FSpHUf4 
https://twitter.com/fundstrat/status/1116449855159906306  
https://www.coindesk.com/binance-delists-bitcoin-sv-ceo-calls-craig-wright-a-fraud 
https://www.coindesk.com/startup-raises-3-9-million-in-tokenized-equity-on-london-stock-exchange-platform 
https://www.finextra.com/newsarticle/33692/2030-raises-3m-in-tokenized-equity-on-lses-turquoise/blockchain 
https://www.prnewswire.com/news-releases/pewdiepie-forges-first-exclusive-livestreaming-partnership-with-dlive-300827823.html

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