General Market
Outlook
There was a major downtrend over
the weekend, with the overall cryptocurrency market falling by
around $40 billion to $436 billion, but the total is still around
$10 billion more than it was one week ago. Bitcoin is down around
2% at $9,400 and Ethereum is down over 5% at $730. However, there
is excitement still growing over continued growth of big projects
in the space and collaboration between these enterprises and
governments around the world.
Major
Headlines
Ethereum SEC hearing was fake
news
Headlines on cryptocurrency and
blockchain media websites were citing an SEC hearing to happen
today on whether or not Ethereum is a security. However, there is
no SEC hearing today at all. There is a Security Forum
meeting on May 10th, but the
agenda for the meeting is general, and does not
specify Ethereum at all. For a grand total of 40 minutes from 3:25
to 4:05, the “extraordinary panel” will discuss “Cryptocurrencies
and ICOs: Where Will Enforcement Strike Next?” This is followed by
40 minutes of “Litigating Securities Fraud Cases Against the SEC
and DOJ,” and an hour for “Cocktail Reception.”
PwC takes a slice
VeChain
PwC Hong Kong and PwC Singapore
acquired a small part of Vechain to integrate their service
platform into PwC’s infrastructure, which will require the use of
VeChain Tokens (formerly “VEN” are now “VET” with launch of their
mainnet “VeChain
Thor”) in order to perform transactions. VeChain is the
first blockchain organization to partner with the Chinese
government. PwC is the world’s second
largest professional services provider. Together they will focus on
counterfeiting protection (VeChain has offices in Singapore, Tokyo,
Paris and Shanghai - some of the wealthiest cities in the world,
but plagued by counterfeiting). This could mean greater stability
and long term potential of VET.
Ethiopian Government
Putting Coffee Beans on Blockchain
The government of Ethiopia will be
working with the creators of Cardano (ADA) to develop Agritech
solutions and benefits. IOHK is the company behind Cardano. Their
founders, Charles Hoskinson and Jeremy Wood, worked for Ethereum
prior to starting IOHK. They’re collaborating with the Ethiopian
Ministry of Science and Technology to expand the Agritech presence
in Ethiopia, especially in relation to their biggest export -
coffee beans. Through the partnership, IOHK will also be training
local blockchain developers. “The first class will be all female,
and the goal is to have graduates of that class move on to create
ventures in the cryptocurrency space using Cardano technology, the
first venture of its kind in Africa."
Top 5
Gainers
Helbiz (HBZ) +139.90% at
$0.028336
T-coin (TCOIN) +77.29% at
$0.000282
Nullex (NLX) +36.43% at
$0.042327
Procurrency (PROC) +35.17% at
$0.015864
B2BX (B2B) +34.18% at
$0.760422
Top 5
Losers
PayPie (PPP) -38.82% at
$0.675474
Experience Points (XP) -28.65% at
$0.000129
TaaS (TAAS) -24.18% at
$5.03
TittieCoin (TTC) -23.52% at
$0.000657
Hydro Protocol (HOT) -21.63% at
$0.076889
New Coins
Listed
Local World Forwarders (LWF) listed
to Cryptopia
Veros (VRS) listed to
Coinexmarket
Zilliqa (ZIL) listed to
GOPAX
By: BGN Editorial Staff
