General Market
Outlook
The market has made mild positive
movements overall, with many coins consolidating at their previous
day’s value. Coins are split between positive and negative growth,
and trading volume has remained between $17 billion and $18 billion
in 24 hours. XRP (XRP) and Bitcoin Gold (BTG) are the major stand
outs of the top 100 coins by market cap - up over 9% and 7%
respectively in the past 24 hours. The value of Bitcoin (BTC) is
just under $3,500 for +1.0% and a total market dominance of about
52.7%, and the value of Ethereum (ETH) is roughly $110 for +2.5?%
change in the past 24 hours. Market cap for the overall
cryptocurrency market gained just under $3 billion, rising to
almost $116 billion total.
Major
Headlines
Italy Defining Blockchain
Timestamps
Previously, the government of Italy
had mandated that blockchain timestamps or validations of any kind
would not count as true validation for legal documentation.
However, at a senate hearing last week, a no proposal was published
that would add distributed ledger technology and smart
contract-related terms to the Senate Act No, 989 which was passed
in December 2018. It includes definitions of blockchain and smart
contracts in the amendment, and proposes that the recording of an
electronic document using technologies based on distributed ledgers
“produces the legal effects of the electronic time validation
referred to in Article 41 of EU Regulation no. 910/2014.” It was
already approved by the senate committees of Constitutional Affairs
and Public Works, according to Finance Magnates, and must now only
gained approval from the Italian Parliament.
LocalBitcoins Addresses
Hack
The controversial Bitcoin website
LocalBitcoins.com was recently hacked. The system uses a third
party company to actually handle the Bitcoins involved in a
transaction, and in this way is not a money handler and is not a
cryptocurrency exchange. The recent hack only effected a small
number of users, but they are taking them time to address the
issue. Via Reddit.com the company posted an update on Saturday hat
they detected the security breach at around 10:00 UTC the same day,
“which was related to a feature powered by a third party software.”
As a result, the hacker was able to access some user accounts and
make transactions. They are suggesting that all users use 2-factor
authentication systems, and the website remains open for
use.
U.S Presidential Candidate
Supports Cryptocurrencies
Howard Schultz, a chairman of
Starbucks and former CEO recently announced his interest in running
for the U.S. presidential position. He has stated in the past that
sees cryptocurrencies as a future part of a cashless, digital
economy, though he does not believe that Bitcoin as a “legitimate”
cryptocurrency: “I’m talking about … the possibility of what could
happen — not in the near term, but in a few years from now — with a
consumer application in which there’s trust and legitimacy with
regard to a digital currency… I’m not bringing this up because
Starbucks is announcing that we are forming a digital currency or
we’re investing in this … I’m bringing this up … as we think about
the future of our company and the future of consumer
behavior.”
Top 5
Gainers
MyToken (MT) +270.58% at
$0.004259
StarCoin (KST) +141.23% at
$0.006475
B2BX (B2B) +51.80% at
$0.273435
Moneytoken (IMT) +48.94% at
$0.000478
Bitcoiin (B2G) +40.33% at
$0.031139
Top 5
Losers
Fire Lotto (FLOT) -30.45% at
$0.011995
Dentacoin (DCN) -25.34% at
$0.000080
Zap (ZAP) -23.64% at
$0.005906
Mobile (MGO) -20.85% at
$0.264360
United Bitcoin (UBTC) -20.13% at
$1.36
New Coins
Listed
Quant Market (QNT) listed to
Bittrex International
By: BGN Editorial Staff
