Weekly Market Snapshot - April 23, 2019
Here is what you need to know on the crypto market last week!
Weekly Snapshot of Top Crypto
|
# |
Coin |
Symbol |
Market Cap. |
Price (US$) |
Price % (7D) |
Trading Vol. (7D) |
|
1 |
Bitcoin |
BTC |
93.85 bn |
$5314.5 |
3.02% |
80.44 bn |
|
2 |
Ethereum |
ETH |
17.98 bn |
$170.05 |
1.78% |
37.18 bn |
|
3 |
XRP |
XRP |
13.53 bn |
$0.322 |
-1.78% |
6.30 bn |
|
4 |
Bitcoin Cash |
BCH |
5.15 bn |
$290.48 |
-0.4% |
7.30 bn |
|
5 |
EOS |
EOS |
4.75 bn |
$5.25 |
-4.16% |
11.71 bn |
Source: Blockchain.News Data and CoinMarketCap, as of 21 April 2019
Coin of the Week
Our coin of the Week goes to Binance! Binance just launched a mainnet Binance Chain to execute the swap of its native token Binance Coin (BNB). Besides, Binance had updated the white paper on the quarterly manipulations with BNB. As of 21 April, BNB is priced at $24.19 with 23.2% weekly increase!
Top News to Watch
IMF and World Bank Learns Blockchain with Learning Coin!
According to the Financial Times on 12 April, the World Bank and the International Monetary Fund (IMF) have partnered up to launch a private blockchain and a quasi-cryptocurrency dubbed “Learning Coin”.
Shorten the span between Ethereum Hard Forks, Is It Possible?
The issue of implementing more frequent small hard forks had been raised in the latest bi-weekly conference for the Ethereum community coders held on 12 April. Developer Martin Holst Swende summarized the overall opinion by saying “As long as we’re not tied to large hard forks every three months. So, more like opportunity windows, when things are finished”.
Corporate Traveller: Travel Expenses Made Easy in Bitcoin!
UK travelers can now pay their travel expenses with Bitcoin! Corporate Traveller – the major travel management company in the UK announced a partnership with BitPay, which allows travelers to pay in cryptocurrency
Crypto assets are now available in French Insurance Products!
The Pact Act for the introduction of cryptocurrency into life insurance product opens the gateway for the French life insurance market, which its market potential can reach 2.2 trillion Euro.
Forbes: Most Well-Known Giants are Using Blockchain!
Forbes recently published its new list of “Blockchain 50”, outlining 50 companies who adopt blockchain technology into their operations. These companies have a minimum revenue or valuation of USD 1 bn.
Coinbase eyed global expansion, including Hong Kong!
Coinbase announced its expansion over 11 countries. The exchange highlighted that cryptocurrencies are undergoing the change from the “investment phase” into “utility phase” as reflected by the new use cases of cryptocurrencies.
Japan FSA Seeks Regulation on Cold Wallet!
Accordingto Reuter’s report on 17 April, Japan’s Financial Services Agency (FSA) planned to introduce a new rule for cold wallets storing cryptocurrencies in crypto exchanges.
Brian Burlant: Most Lawyers Do Not Understand Privacy in Blockchain
Brian Burlant – Managing Director of Lindsey & Africa said that there is a shortage of legal professionals who are familiar with the blockchain technology, according to the legal news published by Law.com on 17 April. In particular, lawyers do not have expertise in privacy law related to blockchain and digital assets.
Italian Insurance Giant Streamlines Employee Benefits with Blockchain!
The global consulting firm Accenture is now partners with Generali Employee Benefits (GEB) under the Generali Group to provide a blockchain based solution for employee benefits, according to the press release published on 16 April.
Week Ahead
Blockchain Life Asia 2019
Date: 23 - 24 April 2019
Venue: Marina Bay Sands Convention Centre, Singapore
Theme: IEO and latest development of blockchain technology
Key Speaker: Roger Ver (CEO of Bitcoin.com), Tim Draper (Founder of Draper Associates), Ella Zhang (Head of Binance Labs)