General Market
Outlook
The market has begun to move
sideways with slight downward movement. Nearly all coins are in the
red slightly and trading volume has remained right around $13
billion in 24 hours. Etheera (ETA) and Nexo (NEXO) are the major
stand outs of the top 100 coins by market cap - up over 11% and 10%
respectively in the past 24 hours. The value of Bitcoin (BTC) is
roughly $6,400 for no significant change and a total market
dominance of about 52.2%, and the value of Ethereum (ETH) is right
at $210 for -0.5?% change in the past 24 hours. Market cap for the
overall cryptocurrency market declined only less than $1 billion,
now at $212 billion total.
Major
Headlines
Cambridge Study On GDPR and
Cryptocurrencies
The General Data Protection
Regulation (GDPR) act was put in place recently to protect the
rights of citizens to maintain control of their personal
information. However, a study by Queen Mary University of London
and the University of Cambridge determined that certain aspects of
the regulations will likely slow down implementation of extremely
beneficial blockchain networks. Using the cryptographic nature of
blockchain could allow governments to streamline many of the
documentation processes that retain citizenship and other important
information. “Controllers” are entities that retain personal
information. Because cryptocurrencies and blockchain networks make
transfers of personal information, they could be considered this
category even though the data is encrypted. Fines for transacting
such information without the consent of the individual are set as
€20 million (about $22 million) or 4% of global turnover/revenues,
whichever is higher.
Tim Draper Maintains
$250,000Prediction
Last week at a Web Summit summit
conference, Tim Draper reaffirmed his prediction that Bitcoin will
reach $250,000 by 2022. “Believe it, it’s going to happen – they’re
going to think you’re crazy but believe it, it’s happening, it’s
going to be awesome!... Yes. We are talking [...] about five
percent market share to get to $250,000. That seems like a drop in
a bucket and all we need to really do is make it so that Bitcoin
can be used to buy Starbucks coffee, and all of a sudden the world
just opens up and then they say ‘I’ve got this choice.’ [...] Do I
want a currency that I can take from country to country [...] or do
I want one that sticks me in one country or one geographic area and
I can’t use it anywhere else?”
Malaysia Using NEM
Blockchain For Education
The Ministry of Education (MoE) of
Malaysia is establishing a University Consortium to reduce degree
fraud using blockchain. Their new system is designed to issue and
verify the authenticity of university-issued degrees. Six public
universities will pilot the new diploma-verifying system using the
NEM (XEM) blockchain.
Top 5
Gainers
Dex (DEX) +86.36% at
$0.693585
PopCHain (PCH) +46.42% at
$0.009563
Bitcoin Cash SV (BCHSV) +44.56% at
$167.93
Ulord (UT) +29.15% at
$0.094167
Wowbit (WWB) +28.96% at
$0.088973
Top 5
Losers
Olive (OLE) -85.92% at
$0.001056
AirWire (WIRE) -69.01% at
$0.010083
VisionX (VNX) -23.73% at
$0.003873
Dovu (DOV) -23.18% at
$0.009835
SelfSell (SSC) -20.68% at
$0.005393
New Coins
Listed
Dropil (DROP) listed to
BitMart
Bankex (BKX) listed to
HitBTC
By: BGN Editorial Staff