General Market
Outlook
Bitcoin price is sitting at $7,370
representing a loss of 1% in the last 24 hours. Ethereum price is
sitting at $555 representing a loss of 0.7% in the last 24 hours.
However, the overall cryptocurrency market cap jumped from $305
billion to $321 billion, and some sources are calling this the bull
reversal, however indicators are not truly that
strong. The Buy Markets Percentage that signaled
the last reversal in March came at 4.29%, which is the same percent
that data point is on at this time.
Major
Headlines
New IOTA mobile wallet is
more than customer-centric
The IOTA Foundation now has a more
“user-friendly” mobile wallet. IOTA didn’t have to do very much to
get this project off the ground - the wallet is also
user/community-developed as well. The community did such a good job
with the programming that “Trinity” was adopted by the IOTA
Foundation in order to provide assurance to the wider community
that the wallet is safe to use, and as free from the threat of user
error as possible. To make this happen, they gave the programming
two external reviews, a threat modelling exercise and a security
audit, to ensure maximum security for our users. The adoption is
more of a relationship between the IOTA foundation and the
community, rather than a takeover. They still work closely with
their community to perfect the wallet.
Among all the other hype,
Bitcoin is still being developed
People talk about the downfalls of
Bitcoin as if the tech community is blind to it. In reality, there
are people out there still making strides to keep it relevant. A
new layer has been proposed to improve upon the Lightning Network -
“eltoo.” It was only in March this year that the
Lightning Network was deployed on the Bitcoin Blockchain, and we
already have a fully developed whitepaper explaining big
improvements. The Lightning Network allows people to transact
instantaneously and reduce transaction fees by keeping them off the
main network. This new proposal addresses the problems with how
much data the Bitcoin network takes up on a user’s computer, as
well as improving user wallet security. It is designed for mobile
wallet to store only the most recent transactions.
Finding loopholes to
quietly increase user adoption
The company that holds 96% of the
Korean messenger app market is now working on blockchain
applications - similarly to Telegram’s coming token. The solution
is fairly simple. Millions of people are already using certain
apps. A big network exists and just needs a cryptocurrency to be
integrated. Messenger services have an advantage since they already
have an established user base. Kakao is primarily used for
messaging, but has more functions than something like Telegram.
Their new blockchain division “Ground X” will be integrating
blockchain tech a little differently as well, both for technical
reasons and the fact that ICOS were banned in Korea. However a
proposal to lift this ban has been announced as well.
Top 5
Gainers
Version (V) +128.88% at
$0.006833
Indicoin (INDI) +119.89% at
$0.041152
Arbitracoin (ATC) +95.22% at
$0.013889
EXRNchain (EXRN) +89.38% at
$0.000144
Rupaya (RUPX) +69.27% at
$0.108410
Top 5
Losers
Bastonet (BSN) -93.94% at
$0.000147
Fitrova (FRV) -83.79% at
$0.000152
Titanium BAR (TBAR) -65.27% at
$0.036991
BelugaPay (BBI) -37.74% at
$0.305531
Transcodium (TNS) -35.12% at
$0.067428
New Coins
Listed
Loki (LOKI) listed to
Cryptopia
Mobius (MOBI) listed to
KuCoin
Odyssey (OCN) listed to
Bittrex
By: BGN Editorial Staff
News:
Cryptocurrencies
Altcoins
Bitcoin
(BTC)
Ethereum
(ETH)
IOTA (IOT)
Blockchain
ICO
Version (V)
Indicoin
(INDI)
Arbitracoin
(ATC)
EXRNchain
(EXRN)
Rupaya
(RUPX)
Bastonet
(BSN)
Fitrova
(FRV)
Titanium BAR
(TBAR)
BelugaPay
(BBI)
Transcodium
(TNS)
Loki (LOKI)
Mobius
(MOBI)
Odyssey
(OCN)