Weekly Market Snapshot - April 29,2019

By Matthew Lam   Apr 29, 2019 4 Min Read

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 93.56 bn $5294.96 0.01% 90.49 bn
2 Ethereum ETH 16.65 bn $157.33 -7.23% 39.77 bn
3 XRP XRP 12.55 bn $0.298 -7.39% 6.49 bn
4 Bitcoin Cash BCH 4.48 bn $252.28 -12.73% 7.44 bn
5 EOS EOS 4.45 bn $4.72 -9.2% 12.57 bn

Source: Blockchain.News Data and CoinMarketCap, as of 29 April 2019

Coin of the Week

Our Coin of the Week goes to XRP! XRP recently published its quarterly report, with a 31% quarterly increase of $169.42mn in XRP sales. The XRP's volatility of daily returns in Q1 2019 was 2.9%, the second-lowest volatility quarter since Q4 2013. A sign of maturity for XRP?

Top Analysis For You!

Exclusive: Is CoinMarketCap Really Fighting Against Data Manipulation?

In the world of cryptocurrency, how do we protect data integrity when the data can be easily manipulated by crypto exchanges? As the leader in providing cryptocurrency data services, Mauvis Ledford (the CTO of CoinMarketCap) shared with us on how CoinMarketCap dealt with complex situations in cases of Trans-fee mining exchanges, decentralized exchanges and situations when coin faced widespread delisting.

Exclusive: Bitcoin Cash: The Best Crypto to Promote Economic Freedom?

Why economic freedom is so important to the modern society? Spoken at the keynote of Block Live Asia 2019, Roger Ver (a.k.a. Bitcoin Jesus) shared his views on the latest development of Bitcoin Cash (BCH). We have the privilege to speak with Roger, which he revealed the latest privacy features on BCH! He also explained why BCH is the best cryptocurrency to promote economic freedom in the world.

Societe Generale Issued 100mn EUR Bond via Blockchain!

A subsidiary of Societe Generale Group - Societe Generale SFH, has partnered with its internal startup Societe Generale FORGE to issue 100 million euro coveredbond as security tokens registered on the Ethereum (ETH) blockchain, according to the official announcement on 23 April. Fully subscribed by Societe Generale, the security token is dubbed with the ticker “OFH”, and has been rated Aaa/AAA by Moody’s and Fitch.

Exclusive: Who Should Be the "Bitcoin Cash Jesus"?

‘Bitcoin Jesus” revealed his “Bitcoin Cash Jesus” who made remarkable contribution to BCH development! He also shared his insights on the recent widespread delisting of Bitcoin Satoshi Vision (BSV).

Exclusive: Latest Product Strategy Revealed from the No.1 Crypto Data Provider

As the No.1 crypto data provider, what are the latest product strategy and exciting features for CoinMarketCap going forward? Mauvis Ledford had his answers exclusively to our readers!

First of Many? Blockchain-enabled Notary Is Now in Beijing!

The Beijing CITIC Notary Office launched the first blockchain-enabled notary in Beijing, as revealed by local media People on 19 April. “Blockchain-based notarization has both the value of notarization and legal significance of blockchain certification.” Said Wang Mingliang, the Director of the Beijing CITIC Notary Office. The blockchain-based solution allows certificate holders to verify the information of notary documents by scanning QR code. This helps preventing fraudsters to take advantage of informational asymmetries and mitigate the risks of forged documents.

Spring for Crypto Mining? Bitfury Launched Institutional Mining Fund!

The Bitfury Group had partnered up with the Swiss based investment firm – Final Frontier to launch a bitcoin mining fund for institutional investors, according to its Twitter feed on 24 April. Bitfury gained regulatory approval from the Liechtenstein’s financial regulator. Both companies said the fund will invest assets in turnkey that have mining sites with one of the lowest electricity costs in the world that feature Bitfury’s mining sites.

Tennis Superstar Serena Williams Invests in Coinbase!

Launched by the 4-times Olympic gold medalist Serena Jameka Williams, Serena Ventures invested in more than 30 companies including Coinbase, as revealed in her Instagram post on 17 April.

What Samsung is Actually Doing behind the "Samsung Coin"?

“Samsung Coin” is coming to town? As reported from CoinDesk Korea on Tuesday, the South Korea electronic giant Samsung is developing its own blockchain network and a possible launch of “Samsung Coin”!

What Are The Key Takeaways from Block Live Asia?

The Block Live Asia in Singapore was a great success! Held in Marina Bay Sands Expo & Convention Centre 18 – 19 April, the event gathered over hundreds of crypto professionals on the latest blockchain development and the emergence of initial exchange offerings (IEO).

Beware of Ryuk: The Emerging Crypto Ransomware!

With the emergence of Ryuk, the amount of crypto ransomware rose 90% in Q1 2019, as revealed from Coveware’s data.

Algorand: Unlocking a Global Borderless Economy Meetup with Community and Developers!

The event welcomes dApp teams, community partners, and businesses for social networking and discussion!

Week Ahead

Blockchain Economic Forum

Date: 1 - 10 May

1) Millennium Biltmore Hotel, Los Angeles

2) Omni San Francisco Hotel, San Francisco

3) Warwick New York, Kent/Surrey/Oxford Conference Toom, New York

Theme: Capital Markets and Payment Systems

Key Speakers: David Chaum (Founder of DigiCash), Gwen Cheni (Enterpreneur in Residence at Singularity University), Liza Landsman (Venture Partner of New Enterprises Associates)   

About the author

Matthew Lam
I believe the true value of cryptocurrencies is the underlying blockchain technology. The development of CBDC, DeFi, blockchain standardization are the key trends to watch in 2020!

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