Weekly Market Snapshot - July 29, 2019
Market Update: July 29, 2019
Here is what you need to know about the crypto market last week!
Weekly snapshot of the top cryptos
| # | Crypto | Market Cap. | Price (US$) | Change % (7D) | Trading Vol. (7D) |
|---|---|---|---|---|---|
| 1 | Bitcoin | 171.43 bn | $9606.57 | -9.19% | 96.04 bn |
| 2 | Ethereum | 22.71 bn | $212.02 | -5.6% | 38.18 bn |
| 3 | XRP | 13.31 bn | $0.31 | -5.46% | 6.31 bn |
| 4 | Litecoin | 5.65 bn | $89.89 | -8.79% | 15.91 bn |
| 5 | Bitcoin Cash | 5.54 bn | $309.35 | -3.17% | 8.47 bn |
Source: Blockchain.News Data and CoinMarketCap, as of 29 July 2019
Coins of the Week
Our Coins of the Week award goes to Tron! Tron is priced at $0.022 with a 22% price drop. Tron Founder Justin Sun apologized for his "excessive marketing" effort on the charity lunch with Warren Buffett. Do you think the lunch with Buffett will be canceled?
Editor's Picks of the Week
Huawei’s CEO Responds to Facebook: “China Can Issue Its Own Libra”
Ren Zhengfei, CEO of China’s Huawei believes that China can create their own digital currency in response to Facebook’s Libra.
Justin Sun Rescheduled Lunch with Warren Buffett due to Health Concerns
The Tron Foundation has postponed the charity lunch with Warren Buffett and press conferences to an unspecified date, revealed by the official Twitter post of the Tron Foundation on 22 July.
Barred from Leaving China? Tron Founder Justin Sun Surfaces in San Francisco
Justin Sun was on the border control list by the Chinese government that can restrict him from traveling abroad due to alleged illegal fundraising, money laundering, gambling and involvement in pornography according to Caixin. However, on a live video broadcast on Justin Sun’s Twitter, he shows the Bay Bridge in the background, which meant he appeared to be in San Francisco.
New York Times Experiments with Blockchain to Combat Fake News
The New York Times made an announcement regarding their new project by their research and development team focused on experiments using blockchain.
New York State Trust License - Fidelity’s Step Towards Mass Crypto Adoption?
Fidelity’s cryptocurrency investment arm, Fidelity Digital Assets (FDAS) has filed for a trust license in the state of New York according to several sources.
Unlicensed Bitcoin Exchange Operator Faces Up to 5 Years in Prison in the US
William Green, a 46-year-old American citizen of New Jersey has been indicted on one count of operating an unlicensed money transmitting business through his website, Destination Bitcoin.
India’s Crypto Bill Hearing Postponed by Supreme Court
The Indian supreme court has set a new date to hear the crypto case, which was originally scheduled for July 23. The purpose of the hearing was to address the writ petitions against the central bank’s crypto restriction.
Report: Only 2% of Americans Trust Libra
Only 2% of Americans trust Libra, as reported in the survey conducted by CivicScience. The survey was carried out with 1,799 U.S citizens and the findings indicated that there is a lack of trust in Facebook and understanding in cryptocurrencies.
Exclusive: How is Blockchain Disrupting the Music Industry Globally?
With the widespread of blockchain technology used in different industries in the past decade, Sean Jong from K-Tune in Korea explains how blockchain can address the current pain points in the traditional music industry. He also explains the role of blockchain in royalty distribution and copyright infringement!
Can Blockchain Fix the Housing Crisis in the UK?
Brikcoin is a very ambitious project. It seeks to tackle the chronic shortage of quality social housing in the UK. Actually, it is not just a lack of quality social housing but a lack of any social housing. Currently, there are approximately 6,000 social homes built every year in the UK. This sounds fine until you understand that 120,000 are needed annually.
Venezuelans Love Bitcoin Even More with 10,000,000% Inflation
Bitcoin's trading volume has set a record high in Venezuela, thanks to the 10,000,000% inflation rate in 2019.
Heaven for Bitcoin Miners? Iran Officially Legalizes Crypto Mining
The Iran Chamber of Commerce, Industries, Mines and Agriculture recently published a statement that the Iranian Economic Commission has approved a mechanism for digital coin mining.
Upcoming Events
What should we expect for crypto and blockchain in 2nd half of 2019?
Date: July 30
Venue: Bitwork, 7/F, FTLife Tower, 18 Sheung Yuet Rd, Kowloon Bay
Theme: Gathering the insights from various blockchain leaders - Blockchain Lead of AIA, Director of Singularity Financial, President of Bitcoin Association of HK and Managing Partner of Swartz, Binnersley & Associates, we summarize the latest trends of blockchain and cryptocurrencies in H1 2019 and to explore what to expect in H2 2019!
Hyperledger Member Summit
Date: July 30-31
Venue: Toranomon Hills Mori Tower 5th Floor 1-23-3 Toranomon, Minato-ku Tokyo 105-6305
Theme: Hyperledger Member Summit is a 2-day event based in Tokyo. The event aims to bring the Hyperledger community to learn about the latest trend and developments, share best practices and drive rapid innovation through collaboration across the industry.
TESTCON 2019 Singapore
Date: July 31
Venue: Holiday Inn Singapore Atrium
Theme: After successfully executing the event in India & Australia, we are now coming up with our flagship event TESTCON in Singapore. Learn by attending technical breakout sessions, demonstrations, hands-on workshops, and team challenges. Network with industry professionals and your peers in our interactive sessions.