General Market
Outlook
The market is now recovering from a
significant downturn over the weekend. Nearly all coins are in the
green, and trading volume has steadily risen $2 Billion to $13
Billion in 24 hours. Basic Attention Coin (BAT) and Pundi X (NPXS)
are the major stand outs of the top 100 coins by market cap - up
about 16% and 14% respectively in the past 24 hours. Bitcoin (BTC)
is right around $7,100 For +2% and a total market dominance
of about 47.7%, and Ethereum (ETH) is right at $410 for +1% change
in the past 24 hours. Market cap for the overall cryptocurrency
market has made a smooth $4 billion reversal to $257 billion
total.
Major
Headlines
McDonald’s Makes Play On
Bacoin and Global Currency
Back in April, Oscar Mayer
launched a marketing campaign around
a mock cryptocurrency called Bacoin that was redeemable for bacon.
A website tracked the value of the coin, in
bacon, and included humorous videos reminiscent of new-age, silicon
valley tech conferences. McDonald’s is now releasing coins in honor
of the Big Mac’s 50th birthday. They coins are always redeemable
for one Big Mac - a kind of food stablecoin. The celebration also
plays on the existence of the Big Mac Index, where economists use its price
as a market indicator, similar to the world food price index.
AI Could Even Education
Playing Field
A new tech company is developing AI
systems to provide real-time, personalized feedback to low-income
and underprivileged students on their test taking and college
application process. The organization, Õpet, will also be the basis for a donation platform,
where anyone around the world can help fund a students path through
university via the Õpet token. The token allows the foundation to
seamlessly move donations to the needs of the student, and creates
the most definite method of tracking data on activity on their
platform. They are working with University of Cambridge Judge
Business School’s Psychometric Center’s Profiling
tool to build out the application process. The final
product will debut in Asia through the American
University of Central Asia, which is supported by George Soros’ Open Freedom
Society.
200,000 Brazilians Affected
By Malicious Mining
MikroTik routers where
compromised through Brazil recently, causing network speeds to
drop, while cryptocurrency mining profits fed the individual or
group that spread the malware. Coinhive was silently
integrated into the code of popular MikroTik routers, which is used
to mine Monero (XMR). This coin choice was likely made for
anonymous quality of XMR. It is the only fully anonymous coin, and
has a strong, well established network with substantial liquidity
on exchanges. In April, the company became aware of vulnerability
in code on the devices, and provided a patch, but many users choose
not to update, forget, or simply don’t realize the importance of
maintaining updates.
Top 5
Gainers
Qvolta (QVT) +125.91% at
$0.040024
U.CASH (UCASH) +104.64% at
$0.005640
Shivom (OMX) +88.01% at
$0.014017
OST (OST) +57.99% at
$0.070009
All Sports (SOC) +42.20% at
$0.025622
Top 5
Losers
Record (RCD) -54.20% at
$0.000150
BrokerNekoNetwork (BNN) -45.09% at
$0.000071
Sakura Bloom (SKB) -35.33% at
$0.003232
LIFE (LIFE) -% at $30.69% at
$0.000071
VeThor Token (VTHO) -% at $29.74%
at $0.016617
New Coins
Listed
Ethereum Classic (ETC) listed to
Robinhood
Ethereum Classic (ETC) listed to
Coinbase
KickCoin (KICK) listed to
Coinbene
By: BGN Editorial Staff
News:
Bitcoin
(BTC)
Ethereum
(ETH)
Basic Attention Token
(BAT)
Pundi X
(NPXS)
Cryptocurrencies
Monero
(XMR)
Qvolta
(QVT)
U.CASH
(UCASH)
Shivom
(OMX)
OST (OST)
All Sports
(SOC)
Record
(RCD)
BrokerNekoNetwork
(BNN)
Sakura Bloom
(SKB)
LIFE (LIFE)
VeThor Token
(VTHO)
