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.
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