David Chaum, the founder ofElixxir, stated, "Digital privacy is a “critical and necessaryingredient.” However, according toChaum, the privacy factor is not executed successfully in the cryptocurrencyindustry.

“Someone like myself who hasworked in government and high stakes industrial security knows elliptic curvesare a joke compared to the capabilities of a national laboratory. When theywant to take these down, they will”

Chaum states that Elixxir iscapable of processing more than 100,000 transactions per second, which is morethan the transaction capabilities of Bitcoin.

The Taotao cryptocurrencytrading service is all set for the May 30, 2019 launch. Internet giant Yahoo has 40% stakes in thecompany. The trading service will befirst provided for Bitcoin (BTC) and Ether (ETH). Margin trading will be provided in XRP,Litecoin (LTC), and Bitcoin Cash (BCH).

The company isrumored to have paid 2 billion yen for the stake. Taotao has previously plannedto make its market debut in mid-May; however, it was delayed without anyexplanation. The recent bull market hasrejuvenated the interest in cryptocurrency among Japanese investors. In the past week, several domestic exchangesin Japan has reported a multi-fold increase in account openings in theexchanges.

Regulators arecontinuing to keep a check on the market practices following repeated hacks inthe industry. The Japanese FinancialRegulator has stated that they will inspect the AML processes in the exchangebefore the international inspection from the Financial Action Task Force.

Binance mightas well launch margin trading following the major market update. It is all-timehigh traffic at Binance following the Bitcoin boom. In the past 24 hours,Binance has processed more than $3.07 billion worth of cryptocurrencies in thepast 24 hours. The combined tradeprocessed by all other exchanges was at $103 billion.

Retailinterest is catching up in the market. Strong volume is required for a strong rally. A recent tweet read: "Had some system performancebottlenecks, trading saw some delays, fixed now. Withdrawals also saw somedelays, fixed as well, but there is a backlog will take another 15 minute todrain.”

The volumes oftrade in Binance confirm the sentiment. Tom Lee, explained that by the time BTC would touch uponQuintuple digits that the FOMO will activate among those who say "Bitcoinas dead forever."

The $8,200 for Bitcoin has low technical support. If a pullback sets in, it might be ashort-term top.