General Market
Outlook
The market overall continues to
show consolidation today with only minor losses on many coins. Many
altcoins are showing some growth in the past 24 hours, and trading
volume continues to climb. Waves (WAVES) is the only minor standout of the top
100 coins - up about +10% in the past 24 hours. Bitcoin is right
around $7,600 for about -1% change and Ethereum is right at $600
for -1.5% change in the past 24 hours. Market cap for the overall
cryptocurrency market lost $5 billion coming down to $340 billion
total.
Major
Headlines
SEC is “underwhelmed” with
exchange participation
The United States Securities and
Exchange Commission has been hard at work so far this year trying
to get a handle on cryptocurrencies, as well as attempting to begin
a regulation push. However, it has not been an easy road. “We're
underwhelmed by the enthusiasm for coming within the regulatory
structure right now,” said Brett Redfearn the SEC’s Director of
Division of Trading and Markets. This should not seem all that
surprising when the group has been unable to lay down clear
definitions of aspects within the space yet, especially in regards
to ICOs. “Quite frankly not all of them are obvious on its face
exactly what it is,” Redfearn went on.
Ripple puts $50 million
toward blockchain education
The cross-border payment solutions
company has partnered with 17 Universities world wide (7 in the
U.S.) to begin the “University Blockchain Research Initiative.” The
initial UBRI partners represent a wide range of geographies and
markets, and a rich blend of academic disciplines. Ripple plays
three main roles in the functioning of the initiative:
-
Collaborate on research and
technical development that will stimulate widespread understanding
and innovation in blockchain.
-
Create new curriculum to meet high
student demand for learning about blockchain, cryptocurrency and
other FinTech topics.
-
Stimulate ideas and dialog among
students, faculty, technologists and business leaders on topics of
shared interest.
The program has plans for expansion
as well, as this is just the “first wave” of
partnerships.
$1.1 Billion in crypto has
been stolen so far this year
27% of theft was taken from
exchanges, but it should be noted that most of that value was
refunded to customers. Most notably, the $500 million NEM theft
from Coincheck was refunded earlier this year. Another 21% of theft
was taken from private businesses. That sounds like a lot, but
relative to existing American structures, it’s a drop in the
bucket. $48 billion was the cost of retail theft in America in
2017 - that is 43 times that crypto theft total so far
this year. $16.8 billion was
stolen from U.S. citizens last year through fraud
schemes.
Top 5
Gainers
EJOY (EJOY) +259.43% at
$0.034337
Akuya Coin (AKY) +139.56% at
$0.003802
Version (V) +113.31% at
$0.005932
Authorship (ATS) +54.44% at
$0.005932
Indicoin (INDI) +47.83% at
$0.018160
Top 5
Losers
Swisscoin (SIC) -55.50% at
$0.000684
0xBitcoin (0xBTC) -39.36% at
$2.42
EmberCoin (EMB) -33.23% at
$0.000001
Paragon (PRG) -29.15% at
$0.113399
WeAreSatoshi (WSX) -26.91% at
$0.073766
New Coins
Listed
Streamr DATAcoin (DATA) listed to
Binance
SocialMedia Token (SMT) listed to
Cobinhood
Phantasma (SOUL) listed to
KuCoin
Monero (XMR) listed to Huobi
Pro
By: BGN Editorial Staff
News:
Cryptocurrencies
Bitcoin
(BTC)
Ethereum
(ETH)
SEC
Ripple
(XRP)
Blockchain
NEM (XEM)
EJOY (EJOY)
Akuya Coin
(AKY)
Version (V)
Authorship
(ATS)
Indicoin
(INDI)
Swisscoin
(SIC)
0xBitcoin
(0xBTC)
EmberCoin
(EMB)
Paragon
(PRG)
WeAreSatoshi
(WSX)
Streamr DATAcoin
(DATA)
SocialMedia Token
(SMT)
Phantasma
(SOUL)
Monero
(XMR)