Weekly Market Snapshot - May 27,2019
Blockchain.News - Market Update - May 27,2019
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 | 155.52 bn | $8774.28 | 9.33% | 149.25 bn |
| 2 | Ethereum | ETH | 28.6 bn | $269.25 | 5.78% | 60.49 bn |
| 3 | XRP | XRP | 17.32 bn | $0.41 | 1.25% | 10.63 bn |
| 4 | Bitcoin Cash | BCH | 7.69 bn | $431.82 | 4.73% | 14.47 bn |
| 5 | Litecoin | LTC | 6.9 bn | $111.36 | 19.51% | 25.06 bn |
Source: Blockchain.News Data and CoinMarketCap, as of 27 May 2019
Coin of the Week
Our Coin of the Week goes to Bitcoin SV! As of 27 May, BSV is priced at $107.18 with 67.24% weekly change! Craig Wright filed copyright registration claiming he is the original author of Bitcoin's whitepaper. Do you think he is "Satoshi Nakamoto"?
Top News to Watch
Exclusive: Will Blockchain Make HK Property Agents Unemployed?
In April 2019, Centaline Group announced the collaboration with Microsoft Hong Kong and TFI Blockchain to unveil the first blockchain platform for second-hand property sale and purchase in Hong Kong. However, does it mean every pain points in the HK real estate market can be addressed by blockchain? Meanwhile, the advent of blockchain raised the common fear for HK property agents: Will they become unemployed because of blockchain?
Telegram Will Launch TON in Q3 with New Programming Language
Telegram will launch the Telegram Open Network (TON) in Q3 2019, according to the internal note sent to investor as reported by The Block on 23 May.
A Huge Slap to "Stablecoins": Tether Backed Partial USDT Reserves in Bitcoin
Tether – the stablecoin issuer admitted it has invested part of its reserves in Bitcoin (BTC) and only 74% of Tether tokens were backed by fiat dollars and other reserves, as reported by the Block 21 May.
Mystery of Satoshi Nakamoto Unmasked?
Mystery of Satoshi Nakamoto unmasked? The self-proclaimed “Satoshi Nakamoto” Craig Wright has filed copyright registrations for the whitepaper “Bitcoin: A peer-to-peer electronic cash system” and early Bitcoin codes with the U.S. Copyright Office.
Exclusive: How to Reach the Unbanked for Financial Inclusion?
One of the main visions for using blockchain is to facilitate financial inclusion, which can be achieved by reaching the unbanked population! However, it’s not easy to reach them even for giants like Amazon! Darren Lu, CEO of Vodi explained to us the challenges in reaching the unbanked and how Vodi facilitates financial inclusion. He also revealed the latest plan of Vodi going forward!
Exclusive: Why Proof of Provenance is Essential for Gold Stablecoins?
Geoffrey Cher of Digix explains why Proof of Provenance is so important for gold stablecoins! He also cleared up the confusion of the two tokens in Digix ecosystem:DigixDAO token (DGD) and Digix Gold token (DGX)!
Alibaba Protects Digital Copyright with IPP Platform
Alibaba – the Chinese e-commerce giant will launch blockchain initiatives on intellectual property protection to better serve their clients, the Chinese local news outlet Sohu reported 23 May.
Can Bitcoin Sustain its Positive Price Run?
After a bear market in 2018, Bitcoin (BTC) price started to bounce back since late March and it once breaks USD 8000 recently. The question now becomes: Can BTC sustain its positive price run? Is the bear market in crypto already ended?
What Should My Kids Study So As Not To Be Replaced By Robots?
A look at the professions in the future which won't be replaced by AI
FedEx: Current Blockchains Failed to Transform Logistics Industry
Dale Chrystie, FedEx’s blockchain strategist believed that blockchain cannot transform the logistics industry with its current form. He highlighted that current blockchains are not the best database for logistics, nor they are mature and scalable enough to handle mass volume of logistics.
What are the 3 Challenges and Predictions for Bitcoin Mining?
Various blockchain and financial professionals joined our event “Can Bitcoin Sustain Its Positive Price Run? How does it affect miners?” on 23 May 2019 held in Genesis Block, Hong Kong. This event looked at the current investment landscape and regulatory challenges on Bitcoin mining and a hot topic for all BTC holders: What is the price of Bitcoin going forward?
Still No Approved Bitcoin ETF? Here’s the Reason behind..
The U.S. Securities and Exchanges Commission (SEC) decided to delay the proposal from VanEck bitcoin (BTC) exchange-traded fund (ETF) and added a 35 days period for more information gathering and research on the proposal, the official SEC filing revealed on 20 May.
Malta Officials Awarded Blockchain Scholarships to 19 Students
As reported by the Malta Independent, Silvio Schembri, Parliamentary Secretary for Financial Services, Digital Economy and Innovation presented blockchain scholarship award to 19 students during the ongoing Malta AI & Blockchain Summit.
JD.com Topped Alibaba and Tencent in "Global Blockchain Patent Strength"
As reported by Securities Daily News on 20 May, the Intellectual Property Center of China information and Communication indicates that Chinese e-commerce giant JD.com ranked first for the “global blockchain patent strength” which they had filed over 200 blockchain patents.
Libra Networks: Facebook’s Weapon to Launch its Stablecoin?
Facebook recently launched a Fintech firm – Libra Networks LLC in Geneva on 2 May, the filing on the Geneva Commercial Register revealed.
Week Ahead
Embracing a new entertainment ecosystem powered by blockchain technology
Date: 5/30/2019 7 - 9 PM
Venue: Matrix CoWork, Hong Kong
Theme: Blockchain is revolutionizing the entertainment industry! Listen to our blockchain professionals to learn the current pain points in the entertainment industry and how blockchain can solve them! Join us and prepare for the next era of entertainment with blockchain!