General Market
Outlook
It looks like there could be a
reversal in the downtrend starting as Bitcoin, Ethereum and many
altcoins are showing strong positive percent growth in the past 24
hours. As many as 10 or more of the top 100 coins are up over 10%.
Bitcoin is nearing $7,500 for +2.5% and Ethereum is just over $550
for +4.5.%
Major
Headlines
Bithumb stops trading in 11
countries
The company exchange was forced to
make these changes in order to comply with global anti-money
laundering norms by blocking all transactions of residents in
jurisdictions belonging to the Non-Cooperative Countries and
Territories (NCCT) blacklist - North Korea, Bosnia, Herzegovina,
Ethiopia, Syria, Iran, Iraq, Sri Lanka, Trinidad and Tobago,
Tunisia, Vanuatu and Yemen. The 11 NCCT countries are seen by the
inter-governmental Financial Action Task Force (FATF) as nations
that have taken insufficient measures to combat money laundering,
terrorist financing and other threats to the international
financial system. Bithumb has strengthened its own anti-money
laundering policies by implementing the recommendations of
authorities from the South Korean government and the Korea
Blockchain Association.
State of Alabama sends
cease and desist to 3 ICOs
The state filed the order on
ExtraBit, LEV and Platinum. They regard the ICO tokens as
securities, which deal with much stricter regulatory standards for
advertisement. Regarding ExtraBit, the Alabama Securities
Commission (ASC) points that the firm has been illegally soliciting
Alabama residents with “unregistered securities” offerings after it
advertised its token sale on the website of WSFA, an NBC-affiliated
TV station licensed in the state capital, Montgomery. Further,
these companies makes promises of profits with "materially
misleading" statements to defraud or deceive investors. Extrabit's
white paper claims that, since the firm generates its profits
mainly from mining bitcoin, zcash and monero, it promises a 185
percent return on investment every quarter for investors who
maintain a positive balance in their EXB wallet. Texas and New
Jersey are the only other two states in the U.S. that have taken
similar actions.
Intel Patents new data
storage method
Intel has developed a new way to
verify transactions on a distributed ledger. In a patent filing
released last Thursday, the company outlines a method by which it
would partition and update distributed ledgers automatically, with
a processor able to independently verify that new blocks are valid
and able to be attached to the ledger. This is in contrast to the
conventional mining method advanced by blockchains like bitcoin,
that rely on a network of competing nodes to verify and record
transactions in exchange for rewards. The patent also notes a
downside to DLT technology: "Distributed ledgers have inherent
scalability issues. When all of the validators in a DLS must have a
copy of all transactions, all of the transactions must be broadcast
to all of the validators. These broadcasted transactions create a
very large number of network messages."
Top 5
Gainers
LatiumX (LATX) +115.02% at
$0.083959
BelugaPay (BBI) +60.12% at
$0.520934
Silent Notary (SNTR) +54.74% at
$0.000228
Hero (HERO) +49.47% at
$0.503734
XYO Network (XYO) +37.23% at
$0.004688
Top 5
Losers
FuturXe (FXE) -69.36% at
$0.000147
Rhenium (XRH) -35.91% at
$0.158144
Plancoin (PLAN) -35.71% at
$0.165350
Titanium BAR (TBAR) -32.98% at
$0.104108
Docademic (MTC) -20.77% at
$0.288141
New Coins
Listed
Theta (THETA) listed to
Binance
Bluzelle (BLZ) listed to Kyber
Network
Aion (AION) listed to Kyber
Network
Aeternity (AE) listed to Kyber
Network
By: BGN Editorial Staff
News:
Bitcoin
(BTC)
Ethereum
(ETH)
Altcoins
Bithumb
ICO Scams
ICO
Intel
LatiumX
(LATX)
BelugaPay
(BBI)
Silent Notary
(SNTR)
Hero (HERO)
XYO Network
(XYO)
FutureXe
(FXE)
Rhenium
(XRH)
Plancoin
(PLAN)
Titanium BAR
(TBAR)
Docademic
(MTC)
Theta
(THETA)
Bluzelle
(BLZ)
Aion (AION)
Aeternity
(AE)
Cryptocurrencies
Blockchain