Weekly Market Snapshot - July 08,2019

Blockchain.News - Market Update - July 08,2019

Here is what you need to know about the crypto market last week!

Weekly Snapshot of Top Crypto

Source: Blockchain.News Data and CoinMarketCap, as of 08 July 2019

Coin of the Week

Our Coin of the Week goes to Tezos! As of 08 July, XTZ is priced at $1.2 with 26.01% weekly change! Banco BTG Pactual S.A. (BTG Pactual), the largest investment bank in Latin America, plans to conduct a deal pipeline of over $1 bn security token offerings (STO) onto the Tezos blockchain. 

Top News to Watch

Exclusive: Can Web3 Foundation Achieve a Truly Decentralized Web?

Following the technical underpinnings of Polkadot in Part 1, Jack Platts, Head of Collaborations Web3 Foundation reveals their effort towards the goal of decentralized web! He also explained the governance and technical challenges in achieving a decentralized web!

Exclusive: How to Achieve Interoperability Between Polkadot and Bitcoin?

Claimed as the candidate of Decentralized Web 3.0 Blockchain interoperability platform, what makes Polkadot so popular? We are glad to speak with Jack Platts, Head of Collaborations of Web3 Foundation to share with us how Polkadot is interoperable with Bitcoin! He also explains the GRANDPA protocol of Polkadot and how Polkadot can interact with Ethereum!

Latin America’s Largest Investment Bank Boosts Tezos with 1Bn STO

Banco BTG Pactual S.A. (BTG Pactual), the largest investment bank in Latin America, plans to conduct a deal pipeline of over $1 bn security token offerings (STO) onto the Tezos blockchain. The announcement was revealed by the joint press release published on the website of Tezos Foundation on 3 July.

Response to Facebook Libra? EU Banks Can Deploy Payment System By 2020

All banks in the eurozone could share the instant payment system at the end of 2020, as reported by Reuters on 26 June.

Malaysia’s Prime Minister Seeking a New Gold Standard

Reportedly Malaysia’s Prime Minister Dr Mahathir Mohamad indicated that he is agreeable to a single currency for the East Asian region backed by gold but critically it would not become the national cash of any current nation.

What are the 4 Key Takeaways from Next Block Asia?

Held in W Hotel, Bangkok 25-26 June, the Next Block Asia Conference gathers over hundreds of blockchain and financial professionals in connecting the world of crypto and traditional finance. Day 1 of the Next Block Asia Conference focused on crypto and blockchain whereas day 2 focused in traditional finance.

President Maduro Urged Bank of Venezuela to Trade Petro Crypto Nationwide

Venezuela’s President Nicolas Maduro ordered the leading bank in Venezuela, Banco de Venezuela to open up the transaction desks for Petro nationwide, as revealed by the Finance Ministry of Venezuela’s tweet on 4 July.

The First Food and Beverage Giant to Launch Blockchain Pilot, Nestlé Claimed

Nestlé S.A. (Nestlé), the largest food company in the world and ranked 64th in Fortune Global 500 in 2017, announced the launch of blockchain pilot to allow customers tracking their food products in supply chain, as revealed in its official press release.

Blockchain Startups Raised $822 million in Q2 2019

$822 million were raised by blockchain startups across 279 deals during 2Q 2019, as reported by the venture platform Outlier Ventures.

US Congress and Over 30 Organizations Requested Moratorium on Facebook’s Libra

The United States House of Representatives Committee on Financial Services issued a letter to request Facebook to stop developing Libra stablecoin and Calibra wallet.

CME’s Bitcoin Futures Keep Breaking Record Highs!

Bitcoin (BTC) Futures reached a breaking record of $1.7 billion in notional value traded in Chicago Mercantile Exchange (CME) on 26 June, as revealed in CME’s twitter on 28 June.

Ethereum Hit 1 million Daily Transactions since May 2018

As reported by leading Ethereum block explorer Etherscan, Ethereum hit over 1mn daily transactions on 28 June, the first time since May 2018.

G20 Leaders: Crypto-assets can bring Significant Benefit to the Financial System

The G20 leaders agreed that crypto-assets can bring significant benefit to the financial system and the broader economy, according to the “G20 Osaka Leaders’ Declaration” released following the 2019 G20 summit in Osaka on 28 - 29 June.

Major Chinese Financial News Outlet Unveils Crypto Tracking in Mobile

One of the largest financial news portals in China, Sina Finance has enabled cryptocurrency tracking to its mobile app, as revealed by the tweet of cnLedger.

How can blockchain distrupt the Freight Forwarding industry - Ernesto Villa explains

An indepth interview with CEO of Consol Freight Ernesto Villa on how blockchain can disrupt the Freight Forwarding industry

The United Nations Deploys Blockchain for Urban Development Initiatives

The United Nations (UN) will use blockchain technology to support Afghanistan in building a systematic, transparent, and secured online land records management for urban development, as reported by The Sociable.

Week Ahead

RISE
Date: 9-11 July 
Venue: HONG KONG EXHIBITION CENTRE
Theme: RISE is a HK-based 3-days event that gathers developers, engineers, investors and journalists to network and discuss on the trend of business and technology. 

The Barcelona Trading Conference
Date:  10-11 July
Venue: Barcelona International Convention Centre, Plaça de Willy Brandt, 11-14, 08019 Barcelona, Spain Enjoying a privileged location in modern, cosmopolitan Barcelona, the CCIB can be found within the city’s new business and technology district
Theme: The Barcelona Trading Conference is a two-day event that aim to promote the institutional adoption of crypto assets. The event gathers thought leaders and innovators from across the crypto space to discuss and network with professionals from all over the world.