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Top-7 Best Performing Cryptocurrencies of April

Top-7 best performing cryptocurrencies of april

Top-7 Best Performing Cryptocurrencies of April

Top-7 best performing cryptocurrencies of april
Apr 30, 2019 at 14:16 // News

This month started with a major rebound of the market, the Bitcoin price rose nearly 20% over an hour. Most altcoins followed Bitcoin’s lead and surged in value as well. Let’s take a closer look at the top 100 cryptocurrencies on the market and find the best performers.


General Overview of the Market


In April 2019, the capitalization of the whole market rose from around $147 billion to more than $173 billion. Following the skyrocket of the Bitcoin price, several altcoins have also managed to overcome new psychological levels. Ethereum (ETH) managed to rise by 13.97% from $144 to a top of $159, NEM (XEM) grew by 12.80% from $0.0569 to $0.0590, Ethereum Classic (ETC) grew by 16.49% from $4.92 to $5.58, and Litecoin (LTC) grew by 17.79% from $61.97 to $72.15.   

   


According to

coincodex.com, the best performing coins of this month have turned out to be VestChain (VEST), MonaCoin (MONA), ODEM (ODE), Basic Attention Token (BAT), Nano (NANO), Tezos (XTZ), and Waltonchain (WTC).   


Top 7 Altcoins   


VestChain (VEST) is the fastest growing token so far, with an increase of around 123% since the beginning of the month. The crypto coin is currently having a market cap of about $65.4 million. 1 VEST token can be bought for $0.009 according to

coinmarketcap. The technology behind the VestChain is designed to support smart contracts along with machine learning services.   

   


MonaCoin has increased by 111% over a month. It has doubled in value more than twice from $0.51 on April 1 to $1.08 at the moment of writing. The coin was

suspected in price manipulations, however, there appeared no meaningful evidence.   

   


ODEM is trading at $0.259, with a gain of 80% over a single month. In the last seven days, ODEM has traded 52.68% higher against the US dollar. ODEM has a total market capitalization of $59.29 million and approximately $52.44 K worth of ODEM was traded on exchanges in the last day.   

   


BAT has been performing quite well and may even enter the

top 20 cryptocurrencies soon. At the press time, BAT price is $0.405 after an increase of more than 10 percent over the past twenty-four hours. The current coin market capitalization of the digital currency is $508.26 million. The trading volume of the digital currency over the past twenty-four hours is $43.10 million.   

   


Nano has taken the fifth place in the chart, with a 62% increase. The cryptocurrency is changing hands at $1.63. The total market capitalization of the coin is $217.76 million and the daily volume is $4.85 million. NANO has experienced a lot of

updates lately, from a new trading pair NANO/USDT introduced to transaction time reduction.   

   


Tezos has jumped by 61%, trading at $1.23. The market cap appears to be $812.85 million, while daily volume has overcome the mark of $5 million.   

   


Waltonchain has been characterized with a quite unstable behavior. Nevertheless, it has managed to make 60% profit in April. At the moment of writing, the price sits at $2.19, the market cap is $91.16 million, and 24H volume is $3.38 million.   

Published at Tue, 30 Apr 2019 16:19:34 +0000

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Russia Set to Legalize Bitcoin by 2018, Track Every Transaction

The Finance Minister of Russia has revealed state interest in tracking every cryptocurrency transaction ‘just like with bank operations.’ Furthermore, a bitcoin regulation bill is expected later this year, which could go into effect as early as 2018.


‘The State Needs to Know’

Russian authorities are looking into the possibility of legalizing operations with bitcoin and other cryptocurrencies within the framework of curbing illegal money transfers, Russia’s Finance Minister, Alexey Moiseev told Bloomberg.

He continued:

The state needs to know who the participants are in a financial operation. If there’s a transaction, the people who facilitate it should understand from whom they bought and to whom they were selling, just like with bank operations.

Back in February, Russia’s Central Bank deputy chairwoman, Olga Skorobogatova, revealed that the Bank and MinFin is expected to release a cryptocurrency regulation draft later this year, in which it will define whether bitcoin is an asset, cash or security.

She also noted that there is no pressing need to impose any restrictions since operations with cryptocurrencies, including bitcoin, are still insignificant in volume.

bitcoin is a private currency, and it’s become clear that all is not as simple and straightforward as in books and magazines. The position of regulators and agencies is thus that we would not like to issue a concrete ban on it, but rather understand how to approach it, and from this develop a base for regulation.

Kaliningrad May Be bitcoin Testbed

Back in February, Bitcoinist reported that the Russian enclave of Kaliningrad has expressed willingness to become the first region where cryptocurrency regulation could be tested.

Kaliningrad’s business ombudsman Boris Titov explained that regardless of what is decided about crypto at the state level, the area could become a testbed where bitcoin and its ilk are regulated while confirming that cryptocurrencies are currently “not prohibited in the Russian Federation.”

He also added that Kaliningrad could host Russia’s first cryptocurrency exchange.

It’s very important that cryptocurrency circulation not be regulated by any form of sanctions. This concept may sound utopian, but new times call for new solutions, and Kaliningrad Oblast can build on that.

In the Russian mainland, the city of St. Petersburg has recently become a testbed of its own for cryptocurrency teller machines or BTMs. The city currently hosts three machines, which have thus far remained untouched by authorities. If successful, more bitcoin ATMs and cryptocurrency businesses could follow suit.

Privacy Out the Window?

While the legalization of cryptocurrencies in Russia may seem like a one-eighty degree turn from previous legislative proposals of an outright ban, the status quo is probably better for individuals who value privacy. 

Just like in China, which has recently clamped down on its exchanges, who must now identify all users in accordance with Anti-Money Laundering (AML) laws, Russia seems to be headed in the same direction. 

It also appears that Russia’s Central Bank and the Ministry of Finance have realized that bitcoin’s public ledger can be used to track every (pseudonymous) transaction on its blockchain.

Bitcoinist_Apple Differential Privacy

Thus, it’s probably safe to assume that the expected bill will focus on the implementation of Know-Your-Customer (KYC) and AML policies in an effort to link users’ real identities to their bitcoin addresses. This identification process will likely occur at the on-ramp, i.e. when buying/converting into bitcoin, for example.

Therefore, it’s probable that cryptocurrency businesses such as bitcoin exchanges, bitcoin ATMs, online conversion services (e.g. Shapeshift) etc. will have to either comply or face penalties.

On the flip-side, regulatory clarity could open the door to more crypto-related startups in Russia. Meanwhile, ‘legal bitcoin’ in the country could also boost demand for more privacy-focused cryptocurrencies like Monero and ZCash as well as the development of bitcoin anonymizing tools such as Mimble Wimble.

Will Russia legalize crypto in 2018? Will it have a positive effect on bitcoin? Let us know below!


 Images courtesy of CNBC, Shutterstock

The post Russia Set to Legalize Bitcoin by 2018, Track Every Transaction appeared first on Bitcoinist.com.