Weekly Market Snapshot - June 10,2019

Blockchain.News - Market Update - June 10,2019

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 10 June 2019

Coin of the Week

Our Coin of the Week goes to EOS! As of 10 June, EOS is priced at $6.17 with 19.48% weekly price drop! Weiss Ratings recently downgraded its rating on EOS due to "serious problems" with centralization. Is EOS a centralized crypto?

Top News to Watch

Binance CFO: Stablecoin is Coming!

The major cryptocurrency exchange Binance will issue its own first stablecoin called “Binance GBP” “in a matter of weeks to a month or two” as told by Binance CFO Wei Zhou, Bloomberg reported on 5 June.

Key Pointers to Launch a Successful IEO

The latest trend that is creating waves in the cryptocurrency market is the Initial Exchange Offering. It has brought fundraising companies and investors an appreciable amount of reassurance and relief.

Exclusive: Bank Grade Security - The Key For Qualified Crypto Custodian

Despite crypto winter in 2018, OTC has become the latest battlefield for crypto exchanges/leaders. Binance, Bittrex, Coinbase Prime, Poloniex, Circle etc. launched their OTC services respectively. Does it mean crypto OTC is only a game for the giants only?

Exclusive: Why Hong Kong is Asia No.1 in Bitcoin ATM?

Following Part 1 of the interview, Wincent Hung, Director of Genesis Block shares with us the latest adoption of Bitcoin ATMs in Hong Kong. Wincent reveals the secret why Hong Kong is No.1 in Bitcoin ATMs. He is also optimistic on the Bitcoin price run, believing this bull price run can surpass its all time high in Dec 2017!

Exclusive: Blockchain Trilemma Solved? Secrets Revealed by Turing Award Winner's Algorand

There are numerous blockchain project teams attempting to address the blockchain trilemma, and the Turing Award winning team Algorand is one promising candidate. We have the pleasure to speak with Jing Chen, Chief Scientist of Algorand, on how Algorand attempts to solve blockchain trilemma with its Byzantine agreement. She also explains why Algorand is non-forkable and the restrictions on Algorand’s adversary model!

Exclusive: How to Ensure Random Numbers in Public Blockchain?

Following Part 1 of our interview, Jing Chen of Algorand further teaches our readers on how to ensure the randomness of a number in public blockchain! She also evaluates the existing Proof-of-Stake (POS) protocols: Delegated VS Bonded VS Pure POS!

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.

President of Brazil: I have No Idea What Bitcoin is!

“I do not know what bitcoin is” Jair Bolsonaro, the president of Brazil expressed his views during an interview with Ratinho’s SBT show on 4 June.

Justin Sun Wins $4.5 Million Bid And A Lunch With Warren Buffet

Justin Sun, the Founder of Tron and CEO od P2P file sharing protocol BitTorrent wins 20th Annual Charity Lunch with Warren Buffet, the American magnate for $4.57 million.

Kik Got Kicked? SEC Filed Lawsuit on its $100mn Unregistered ICO

The U.S. Securities and Exchange Commission (SEC) sued the Canadian messaging firm Kik Interactive Inc. for conducting an unregistered $100 million securities offering of digital tokens and sold the tokens to U.S. investors, as revealed in its official press release on 4 June.

ECB report: Cryptocurrencies Pose no Threat to the Economy

Thе Eurореаn Cеntrаl Bаnk (ECB) published a rероrt іn Mау 2019 аnаlуzіng thе іmрасt оf сrурtо аѕѕеtѕ оn fіnаnсіаl stability, mоnеtаrу роlісу, рауmеntѕ аnd market ѕtruсturеѕ.

The Financial Stability Board Urged for Proactive Crypto Regulation!

The Swiss financial watchdog - Financial Stability Board (FSB) urged regulators to act proactively to foresee the potential impact of cryptocurrency on financial stability. As the technology in cryptocurrency sector is fast-changing, this can lead to deficiencies in policy making on digital assets. The FSB said in a report for central bank governors and G20 finance ministers.

Colonising Mars - how blockchain can change our thinking

How can we inspire the next generation to make the world a better place? What about using blockchain...

Apple Launched CryptoKit

Apple has announced a CryptoKit for iOS13, a secure and fast swift API to develop and perform cryptographic operations.

Week Ahead

The Blockchain Day Singapore
Date: 10 - 11 June
Venue: The Ritz Carlton Millenia Hotel
Theme: Blockchain Day Singapore is a Singapore based 2 days event that gather industry leaders from food sector to AI to discuss and share their experiences. The conference covered 16 industries including Energy, Artificial Intelligence, KYC, DCEs, Telecommunications, IoT, Cybersecurity, Fintech, Stablecoins, Supply Chain, aviation, Gaming, Future of Blockchain, STO, Insurance, and Social Innovation.

Blockchain for Business Summit
Date: 12 - 13 June
Venue: Royal Victoria Dock, 1 Western Gateway, London E16 1XL, UK
Theme: Blockchain for Business Summit is a two days event based in London, it is part of TechXLR8, London Tech Week’s flagship event. The conference focus on topic such as AI and IoT as well as cover blockchain use case in various industries including finance, supply chain, healthcare, government, real estate and more.

UNCHAIN Bitcoin & Blockchain Convention
Date: 14 - 15 June
Venue: UNCHAIN 2019 is taking place at Holzmarkt Berlin located directly alongside the Spree river. 
Theme: A two-day conference, which has been voted to be one of the Top 10 blockchain conferences in 2018, is set to bring together world‘s leading cryptocurrency and blockchain entrepreneurs. The event connects these experts with leading industrial players from all over the globe – by discussing and exploring the full potential of a decentralized economy.