January 24, 2026

Capitalizations Index – B ∞/21M

Crypto Market Wrap: $7 Billion Dumped to New 2019 Lows

Crypto market wrap: $7 billion dumped to new 2019 lows

Crypto Market Wrap: $7 Billion Dumped to New 2019 Lows

Crypto markets are dumping this Monday morning, Ethereum, BCH, Tron and Stellar in a hurt locker.

Crypto market movements have been few and far between in recent weeks but the bears have awoken again today and markets are dumping. Almost $7 billion has been dumped in the past few hours to send total market capitalization plunging to a new 2019 low at around $114 billion.

The pain started with Crypto as it has failed to make any movement above solid resistance at $3,600. This has ignited a plunge that saw BTC fall to its lowest level in over a month and a new 2019 low of $3,460. At the moment BTC is trading 3.3% down on the day.

Ethereum has taken a bigger hit, getting smashed 7% to drop below $110 again. ETH is dangerously close to dropping back into double figures one again. XRP has extended the gap back to $1 billion as it only lost 5% on the day, but it is now below $0.30 for the first time this year.

The top ten is a bloodbath this Monday morning. Crypto Cash is getting hammered 11% as it tumbles down the market cap below Tether to sixth. Stellar and Crypto SV are both getting hit 10% as they too slide down the list, XLM is now down to ninth spot. Tron has dropped back below Litecoin again as it loses 8%.

Big pain is being felt in the top twenty during today’s Asian trading session. IOTA has dumped over 10% on the day as it slides down to fourteenth. Cardano, Nem and Maker are all losing around 8% at the time of writing, the rest are not far behind.

There are only two survivors in the top one hundred at the moment, everything else is red. Pundi X and Holo are gaining around 15% each on the day. Even the stablecoins are falling back from their pegs a little. The biggest dumps at the moment are previous fomo coins Theta and Loopring losing around 20% each. Crypto Gold is also hurting at the moment with a 16% slide.

Crypto market wrap: $7 billion dumped to new 2019 lows

Around 5.5% has been dumped out of crypto markets in the past 24 hours, most of it over the last couple of hours. Market cap is now down to $114 billion as almost $7 billion gets dumped, mostly from altcoins. It is the lowest level markets have been at since mid-December and their lowest point in 2019. Crypto’s market dominance has crept up as a result and is now at 53.3%. More pain is likely to follow as new lows loom ever closer.

Market Wrap is a section that takes a daily look at the top 20 cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.

Published at Mon, 28 Jan 2019 07:00:34 +0000

Previous Article

Europol Arrests Suspect behind $10 Million IOTA Theft

Next Article

Bitcoin-Hating Ex Starbucks CEO Howard Schultz Mulls US Presidency, Backs Blockchain

You might be interested in …

Bitjob stu main platform launch on 27th

BitJob STU Main Platform Launch on 27th

BitJob STU Main Platform Launch on 27th This is my journey into Crypto Space and I have managed to live on my income from bitcoin and Crypto full-time. Although many may be seeking wealth from […]

Cardano Blockchain's First Use Case: Proof of University Diplomas in Greece

cardano use case

Greek graduates may soon be able to prove their qualifications by way of a blockchain.

GRNET, the national research and education network of Greece, is working on a pilot project with blockchain research and development company IOHK to verify student diplomas on Cardano, a blockchain that launched in September.

The project is notable because it is the first official use case of Cardano, a proof-of-stake-based cryptocurrency and soon-to-be smart contract platform currently under development by IOHK.

The GRNET app will be built on Enterprise Cardano, a private or permissioned ledger version of Cardano. Unlike a public blockchain, where anyone can join in and participate, a private blockchain allows only a restricted set of users to validate block transactions.

So far, three Greek universities are participating in the project. While IOHK is providing the decentralized database, GRNET is providing the web front end and support and will bring together other universities participating beyond the pilot.

Funding for the project comes in part from Horizon 2020, a European program for research and innovation. Development of the prototype is already under way, Aggelos Kiayias, IOHK’s chief scientist, told bitcoin Magazine.    

Why Diplomas?

Given IOHK’s deep ties with academia, it is no surprise to find the company working on a project that involves universities. But why diplomas?

Putting diplomas on a blockchain takes the paperwork out of the process and makes it easy and simple to check if someone holds a degree.

Typically, when a student graduates, they receive a paper copy of a diploma signed by the dean and co-signed the university’s registrar. All of the students’ transcripts and records are stored in the university’s centralized database.

To confirm that a graduate has the degree they claim to have, an employer has to check the official diploma or call the university. The labor-intensive process makes it too easy for unqualified applicants to slip under the radar.

Putting documents and records on the blockchain eliminates opportunity for fraud in that it allows graduates and universities to “issue a proof that a qualification exists that is undeniable,” said Kiayias. “This is a point of reference that can be agreed [on] by everyone.”

Cryptographic Proof

But to protect student privacy, instead of putting an entire diploma on the blockchain, GRNET plans to put only a cryptographic hash of a diploma on the blockchain.

Digital documents are easy to alter in ways that are undetectable to the human eye. But as long as the digital version shown to an employer hashes to the same output as what is stored on the blockchain, that proves the document is the original, unaltered version.

“We cannot put any plaintext on the blockchain, as diplomas and transcripts are personal information. We only put hashes; we may put entire diplomas and transcripts, but they will always be encrypted,” Panos Louridas, GRNET consultant and associate professor at Athens University of Economics and Business, explained to bitcoin Magazine in an email.

This is not the first effort to store diplomas on the blockchain. In October, MIT announced its own pilot project to verify digital diplomas using the blockchain.   

But Louridas claims the GRNET pilot is different from prior projects in that it stores the entire chain of verification steps on the blockchain. Each step would be recorded as its own immutable transaction on a separate block in the blockchain.  

“You don’t really need a blockchain to store diplomas: a simple system with some digital signatures by the host institution would do,” he said. “We want to be able to record that somebody has asked for proof of a degree, that the proof has been granted, that the proof has been forwarded to a verifier, and that the verifier can verify that the degree is valid, and nobody can dispute any of the above steps.”

The three Greek universities taking part in the pilot include Aristotle University of Thessaloniki, Democritus University of Thrace and Athens University of Economics and Business.


The post Cardano Blockchain's First Use Case: Proof of University Diplomas in Greece appeared first on Bitcoin Magazine.