General Market
Outlook
The market is correcting after a
three day surge for Bitcoin (BTC) and altcoins. The massive gains
made by Altcoins signify a reduction in BTC market dominance.
Possibilities are that investors are now more educated to the fact
that Altcoins make higher percentage growths than BTC, or that
investments are being made based on technology and the potential of
a working product, rather than just speculation. EOS stands out as
a top coin that made large enough gains to stay in the green
today.
Major
Headlines
20% of Institutional
Investors Have Plans for Cryptocurrency
A Thomas Reuters survey of 400
institutional investors shows that 15% have plans to enter
cryptocurrencies within 6 months and another 5% will do so within 1
year. Even if this does not seem like a relevant number - it’s much
more relevant than zero. The cryptocurrency market overall is still
very small - around $430 Billion compared to Amazon at $700 Billion
or Apple at $830 Billion. It was only last year that the CEO of JP
Morgan called Bitcoin a “fraud.”
Blockchain and Government
Debate at MIT
The Business of Blockchain
conference at the Massachusetts Institute of Technology (MIT)
facilitated an academic conversation between blockchain and
government leaders. The biggest impact is the potential of Ethereum
and XRP to be classified as assets. Bitcoin is safe, because it is
truly decentralized. It offered no promise of profit - literally
has no operational entity to do so. Other companies have done
“airdrops” to avoid filling SEC asset criteria, but this blurs KYC
laws. The struggle for definitive language is indicative of
revolutionary concepts. Would original regulations be too much to
ask for?
Walmart’s Food Chain Goes
Blockchain
A real, physical, quantifiable
application of blockchain technology Walmart developed with IBM
will be used to track food and compile data from eventual use of
“smart packages.” Their current process takes 6 days… new method is
2 seconds, automated and provides real-time data. The second major
benefit will reduce work load of tracking expiration dates and
reducing customer complaints. The blockchain storage system can be
used to pinpoint the journey of food items to the consumer. Last
month Walmart patented a design for “smart package,” including
climate control to prevent produce decay and a physical design that
integrates drone transport
Top 5
Gainers
Galactrum (ORE) +109.65% at $1.63
Monero Original (XMO) +93.32% at
$10.71
FedoraCoin (TIPS) +76.36% at
$0.000035
Litecoin Plus (LCP) +68.75% at
$0.655851
Monero Classic (XMC) +68.75% at
$11.63
Top 5 Losers
XinFin Network (XDCE) -39.70% at
$0.005236
Super Exchange (SGR) -35.83% at
$0.130238
GPU Coin (GPU) -34.14% at
$0.038773
Dero (DERO) -32.96% at
$1.83
Karma (KRM) -32.58% at
$0.009222
New Coins
Listed
BitDegree (BDG)
listed to WandX
Celsius Network (CEL)
listed to IDEX
CyberVein (CVT) listed to Bit-Z
TapCoin (TTT)
Dock.io (DOCK) listed to
KuCoin
Hydro (HYDRO) listed to
CoinEx
SyncFab (MFG)
listed to Cobinhood
Steem (STEEM) listed to Huobi
Pro
By: BGN Editorial Staff
