Weekly Market Snapshot - June 03,2019
Blockchain.News - Market Update - June 03,2019
Here is what you need to know about the crypto market last week!
Weekly Snapshot of Top Crypto
| # | Coin | Symbol | Market Cap. | Price (US$) | Price % (7D) | Trading Vol. (7D) |
|---|---|---|---|---|---|---|
| 1 | Bitcoin | BTC | 154.47 bn | $8708.36 | 0.05% | 143.64 bn |
| 2 | Ethereum | ETH | 28.65 bn | $269.43 | 0.65% | 63.31 bn |
| 3 | XRP | XRP | 19.16 bn | $0.45 | 10.82% | 14.64 bn |
| 4 | Bitcoin Cash | BCH | 7.95 bn | $446.36 | 2.68% | 13.12 bn |
| 5 | Litecoin | LTC | 7.12 bn | $114.8 | 2.33% | 24.82 bn |
Source: Blockchain.News Data and CoinMarketCap, as of 03 June 2019
Coin of the Week
Our Coin of the Week goes to EOS! As of 2 June, EOS is priced at 7.77 with 14.15% price increase. EOS parent company Block.one has announced Voice, the blockchain-based social media platform on 1 June. A new competitor for Facebook and Twitter?
Top News to Watch
The World Economic Forum Forms 6 Tech Policy Councils including blockchain
The World Economic Forum (WEF) launched six different “fourth industrial revolution councils” to help regulators working on the new technology policy guidance. The new technology included artificial intelligence, autonomous mobility, blockchain, drones, internet of things and precision medicine, as revealed by Cointelegraph on 29 May.
Exclusive: Latest PropTech Roadmap Revealed From HK No.1 Property Agency
Following Part 1 of the interview, Alex Shih revealed the latest PropTech roadmap for the HK No.1 property agency! He also shared his insights on property factorization tokenization of commercial properties in Hong Kong! He further expressed his views on the role of lawyers, banks and the Estate Agent Authority in enhancing transparency of property transactions via blockchain!
Crypto Pioneer David Chaum: The Blockchain Killer App is…
In the interview on the Bloomberg Odd Lots podcast on 27 May, the crypto pioneer David Chaum believes that pseudonymous messaging with integrated payments are the real killer app for blockchain and cryptocurrencies.
Part 1: AI Plus Blockchain? Accenture Is Doing It Wrong!
Knowing the kind of mistakes we are committing is just as important as knowing how to fix them. Today, I attempt to explore how to build a real application on blockchain by taking the Accenture report (issued on 11th Oct, 2018), which contains numerous mistakes, as an example.
Part 2: AI Plus Blockchain? Accenture Is Doing It Wrong!
Following Part 1 of our article, we talk about mistake 3 - 5 on Accenture's example.
Technology and Participation: The Twin Pillars of a Successful Digital Asset Ecosystem
For any digital asset - cryptocurrency or token alike - to achieve any resemblance of a global, decentralized universal currency, it must have a viable ecosystem. And any viable ecosystem must consist of both technology and participation.
Good News for European Wine Lovers! EY Ensures Wine Traceability with Blockchain
“Big Four” professional services firm EY has provided its blockchain solution, the EY OpsChain Solution to Blockchain Wine Pte. Ltd.’s TATTOO Wine Platform for determining the quality, provenance, and authenticity of new and vintage wines, EY official press release revealed on 23 May.
Should BTC.com and BTC.Top launch 51% Attack for Bitcoin Cash Community?
Two Bitcoin Cash (BCH) mining pools – BTC.com and BTC.top recently conducted 51 percent attack to reverse another miner’s transaction. This is an attempt to prevent attacker from taking coins without permission due to the code update. The attacker took advantage of the bug unrelated to the code update, and caused the miners to mine empty blocks for a brief time.
Dubai Aims to “10-Years Ahead of the World” with E-Mortgage Blockchain System
Dubai Land Department recently partnered up with UAE lender Mashreq Bank to launch a blockchain based mortgage system to facilitate automation for mortgage loan applications, as revealed from The National on 28 May.
Japan FSA Remains Cautious on Bitcoin ETFs
The Japanese Financial Services Agency (FSA) commented Bitcoin lack intrinsic value which could exposed itself to price volatility. The FSA expressed its view on cryptocurrencies during the finance committee of the upper house of the National Diet on 30 May, as reported by Cointelegraph Japan.
Part 1: State of Hong Kong Blockchain Regulation (Government Press Release)
State of Hong Kong Blockchain Regulation revealed following a question by the Hon Charles Mok and a written reply by the Secretary for Innovation and Technology, Mr Nicholas W Yang, in the Legislative Council 29 May.
Denial of Economic Sanctions? Iran Launched Borna Platform on IBM Hyperledger Fabric
The Central Bank of Iran (CBI) is developing a national blockchain project that aims to revolutionize the current banking and financial sector and create digital economy for its nation.
How to Catch 3 Trillion Blockchain Business Value in 4 Ways?
Matthew Lam of Blockchain.News shared his insights on how we can catch the blockchain wave in 4 ways. Prior to that, he indicated 3 key predictions on the future of blockchain technology.
How to Use zkSNARKs to Scale DEX on Ethereum Blockchain?
Loopring team has completed design for Protocol v3.0 uses Zero-Knowledge Proofs to tackle scalability and bring throughput to 525 trades/second on Ethereum, all the way up from 2 trades/second!
Week Ahead
Date: 3 - 5 June
Venue: 33 KINGSWAY LONDON WC2B 6UF
Theme: Money20/20 is a 3-days event that cover payments, FinTech, and financial services industry. The event is based in Amsterdam where it gathers talents and professionals from startup to the biggest multinational to learn and network.
Date: 4 June
Venue: Level 39 One Canada Square Canary Wharf, London
Theme: Tokenized Assets London is a London-based conference that provides insights on the blockchain application in the process of tokenizing real-world asset and the creation of a security token.
Date: 4 - 6 June
Venue: Sansovino Hall, Bristol Harbour Hotel, 53-55 Corn St, Bristol BS1 1HT
Theme: Blockercon is a blockchain conference that based in Bristol UK. The conference gathers blockchain startups, enterprise organizations and experts in the three days event.
CoinsBank Blockchain Cruise 2019
Date: 9 - 13 June
Venue: Oasis of the Seas Cruise Vessel
Theme: Gathered in the Oasis of the Seas, CoinsBank Blockchain Cruise 2019 is a four-days event around the Mediterranean that gather more than 2000 attendees from the blockchain space!