At XDAT our in-house researchers publish a crypto Newsletter every week. With regard to this here are excerpts for the Month of May 2019 Bitcoin - the legacy crypto
- Bitcoin is up 67% on from $5265 on 01 May 2019 to $8975 by month’s end.
- In other developments, companies like AT&T announced accepting Bitcoin payments for its services. Whatsapp is enabling sending and receiving Bitcoin, Litecoin, Ethereum and ZTX native token of the Zulu Republic platform for transactions, according to Zulu Republic.
- Facebook is also setting foot into the crypto sphere through ‘GlobalCoin’ and a blockchain leg, that is bagging a whopping investment of $1 Billion from investors.
A recent study shows that it may lead to a tripling of crypto users. Through these statistics, we see an active adoption of cryptocurrency by global companies which will pave the way to possible of mass adoption
Top 5 Monthly Performers
The broader market excluding Bitcoin shot up to $125.6 Billion (highest on 30 May)
| ||Cryptocurrency ||Price ||% Change ||Market Capitalisation |
|1 ||BSV ||$197 ||+231% ||$3.5 Billion |
|2 ||LINK ||$1.01 ||+96% ||$364.3 Million |
|3 ||DENT ||$0.0017 ||+78% ||$124.1 Million |
|4 ||BTG ||$26.71 ||+64% ||$475.8 Million |
|5 ||HOT ||$0.002 ||+74% ||$475.8 Million |
Binance Hack Binance
, one of the world’s largest cryptocurrency exchanges, said hackers withdrew 7,000 Bitcoins worth about $40 million via a single transaction in a “large scale security
breach,” the latest in a long line of thefts in the digital currency space.
This brought to light that crypto exchanges have to take additional measures to beef up security levels for hackers to make a pass.
As a crypto exchange, we ran a poll on Twitter and wanted to know what our users thought would add an extra layer of security.
The options provided were:
- Compliance like GDPR (24%)
- Third party security audits (20%)
- Remove hot wallets (56%)
Let us know what thoughts do you have in the comments section below. Inflation vs Bitcoin
Integration of banks with crypto
- Inflation inflicted Argentina saw Bitcoin breaking an all-time high, trading above 3,50,000 peso. In dollar terms, Bitcoin is trading above $20000 in the country.
- Venezuela is one of the worst-hit countries by inflation. The citizens are migrating from the bolivars(fiat) to Bitcoin. A new metric from Coin.Dance suggested that recently total volumes in Venezuela on Localbitcoins touched 35.9 billion sovereign Bolivars.
- The Siam Commercial Bank, one of the largest banks in Thailand has announced integration with the Ripple Blockchain.
- Ripple has recently also collaborated with Saudi British Bank’s (SABB) for Instant Cross-Border payment services.
- SBI Ripple Asia, a subsidiary of Japanese financial giant SBI Holdings, has launched a “demonstration test” of in-store payments using its Money Tap app (making immediate” transfers for users with accounts at affiliated banks)
- A Russian news agency reported that Bank of Russia might be interested in issuing a Gold-backed Cryptocurrency.
- As many as 11 international organizations and 24 financial authorities came together at the Federal Reserve Bank in New York to discuss the crypto regulation.
The Month of May has been nothing less than a joyride in terms of how crypto has fared on a year-on-year basis. Twitter and the news has been swelling with positive sentiments on general crypto despite the not so happy hack on Binance.
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$ 231.85 3.92%. Litecoin $ 50.42 4.26%. Cardano $ 0.103224 5.64%. Binance Coin $ 21.25 2.67%. Alle Kurse. Wegen Bitcoin-Rausch: Binance vor dem Kollaps . Startseite; Aktuelle Artikel im Überblick; Tech; Unternehmen; Wegen Bitcoin-Rausch: Binance vor dem Kollaps . von Selim Baykara. Am 26. Februar 2019 10. Juli 2019 · Lesezeit: 3 Minuten. Selim Baykara. Selim Baykara ist seit 2015 im Tech ... Bitcoin Binance research claims BTC/USDT pair recorded 231% growth in October. Published. 12 months ago. on. November 8, 2019. By. Arijit Sarkar. Source: Pixabay . Share; Tweet; The research arm of one of the world’s leading cryptocurrency exchanges, Binance Research recently released a report highlighting the crypto-market’s performance in the month of October. While reporting an increase ... Binance ist eine zentralisiert-Kryptowährung, die sich in Cayman Islands befindet. Bei dieser Börse gibt es derzeit 250Kryptowährungen und 853 Handelspaare. Für Binance wurde in den letzten 24 Stunden ein Volumen von 197.425,66 ₿ gemeldet.Das aktivste Handelspaar an der Binance-Börse ist BTC/USDT. Binance wurde 2017 gegründet. Binance trade volume and market listings BinanceKR cryptocurrency exchange - We operate the bitcoin exchange and altcoin crypto exchange based on KRW Binance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume
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