Market Update: August 5, 2019

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

Weekly Snapshot of the Top Cryptos

Source: Blockchain.News Data and CoinMarketCap, as of 05 August 2019

Coin of the Week

Our Coin of the Week goes to Bitcoin SV! As of 05 August, BSV is priced at $150.5 with a 1.3% weekly price increase. As reported by BitMex Research, BSV is split into 3 chains after a massive 210mb block was mined.

Top News Last Week

Polish Crypto Exchange BitMarket Co-Owner Found Dead

According to the local news, Niemiro was found dead in the city of Olsztyn near his residence, it was suggested that Niemiro had committed suicide.

One in Five Cryptocurrency Holders is a Woman

One in five cryptocurrency holders is a woman, as revealed in the survey conducted by Bitpanda and GlobalWebIndex.

United States Department of Defense Tests Out Blockchain Technology to Enhance Cybersecurity

The United States Department of Defense (DoD) is considering implementing blockchain technology to enhance its cybersecurity.

Bitfinex and Tether's Appeal Rejected by New York Judge

Judge Cohen reportedly decided to give a 90-day extension to the case, which will give the New York Attorney General’s office to continue investigating. Judge Cohen also dismissed Bitfinex and Tether’s motion to appeal after the ruling.

Cathay Pacific Pioneers with Blockchain to Manage ULDs

Hong Kong’s flagship airline, Cathay Pacific now integrates blockchain technology to manage its unit load devices (ULDs) in real-time via a mobile app.

Will Facebook Ever Be Able to Launch Libra?

In recent speculation, Facebook has acknowledged that there are several regulatory issues that are preventing the progress of launching Libra globally.

Walmart Files Patent Introducing Its Own Digital Currency

Walmart has filed a cryptocurrency patent to develop its own U.S dollar-backed digital currency similar to Facebook’s Libra.

What are the 3 Key Trends and Predictions for Blockchain in H2 2019?

We gathered blockchain professionals, lawyers and tech experts in Bitwork to review and predict the future of blockchain in 2019. We have been delighted to have invited our guest speakers for this event including Chi Man Ngan from AIA, Margaret Yang from Singularity Financial, Leonhard Weese from the Bitcoin Association of Hong Kong, and Kristi Swartz from Swartz, Binnersley & Associates.

Justifire Can Help Justify Firearm Use by Integrating Blockchain

Jason Palazzolo and Kevin Barnes, the two American inventors won a patent for incorporating a blockchain-based recording system with the recording of data for events requiring lethal force.

LedgerX “Not Yet Approved” by CFTC to Launch Physical Bitcoin Futures

The United States Commodities and Futures Trading Commission (CFTC) confirmed that LedgerX has not yet been approved to offer physically-settled Bitcoin futures in contrary to previous announcements.

IRS Sends Warning Letters to Prevent Crypto Owners from Evading Tax

The Internal Revenue Service began sending warning letters out to cryptocurrency owners in the United States, announcing that taxpayers should be paying back taxes they owe or to file amended tax returns in regards to their cryptocurrency holdings.

UK Financial Conduct Authority: We Will Not Regulate Bitcoin and Ether

The British Financial Conduct Authority (FCA) has confirmed that they will not be regulating cryptocurrencies such as Bitcoin and Ether as it falls out of their perimeter.

The Week Ahead

Blockchance Conference Hamburg 2019
Date: Aug 16-17
Venue: Hamburg
Theme: The Blockchance Conference 2019 in the Chamber of Commerce brings the international blockchain industry to Hamburg. As a patron, I am pleased to open the event in order to present to the world our Hanseatic city of Hamburg as a center of digital innovation.